Summary: Pix doesn't offer integrated payment solutions for customers to directly trade digital currencies via its online system. Thus, investors need to sign up with a crypto exchange regulated by the Central Bank of Brazil, enabling BRL transfers for crypto purchases.
From a thorough review of over 20 licensed exchanges, Bybit stands out as our top choice. Bybit is among the most secure trading platforms in Brazil, offering swift and cost-effective BRL deposits via Pix to trade a wide range of digital assets, with industry-leading fees and liquidity.
Can I Buy Crypto with Pix
Yes, you can purchase Bitcoin, Ethereum, stablecoins, and other digital assets using Pix. Pix, a real-time payment system in Brazil, enables transactions to be conducted in Brazilian Real (BRL) directly from your Pix-enabled bank account towards a regulated cryptocurrency exchange in Brazil. Those wishing to invest in crypto must be registered with an accredited digital currency platform that is overseen by the Central Bank of Brazil or a similar financial entity, and follows the necessary regulatory guidelines.
How to Buy Bitcoin and Crypto with Pix
The most secure method to invest in digital currencies using Pix is by signing up with a regulated cryptocurrency exchange. An exchange known globally for its credibility and safety is Bybit, which boasts many cryptocurrency options. Bybit offers several BRL deposit possibilities through Pix, including immediate bank transfers.
Here is a simple guide to assist you:
- Visit Bybit and set up your account.
- Select the 'Buy Crypto' option in your navigation menu.
- Choose 'BRL' as your currency and specify your preferred payment method (e.g., Instant Bank Transfer) to transfer funds via Pix.
- After a successful deposit, proceed to the trading section, use the search function to find and purchase your desired digital currency.
What are the Fees?
The fees associated with buying Bitcoin and other digital currencies through Pix can fluctuate based on the selected cryptocurrency exchange. Key expenses to consider include deposit fees, withdrawal costs, spread rates, and trading charges.
We suggest Bybit as the most cost-effective choice for users of Pix, as it provides free BRL deposits and competitive trading fees. The primary cost when investing in digital currencies on Bybit is the trading fee, typically less than 0.1% per transaction. This makes it a more affordable option compared to other platforms like Mercado Bitcoin, which is known for charging fees significantly higher, often surpassing 1% per transaction.
Is Pix Crypto-Friendly?
Pix has demonstrated its adaptability to the evolving digital financial landscape by enabling transactions with regulated external trading platforms that comply with the guidelines set by the Central Bank of Brazil. This system allows users of Pix to conduct BRL transfers from their accounts to platforms that follow national standards and norms established to combat financial misbehaviors like fraud and money laundering.
Therefore, when transacting with these compliant platforms, users of Pix can confidently venture into cryptocurrency investments, assured that their activities are not only secure, but also entirely in line with all required legal provisions.
In conclusion, Pix, Brazil's real-time payment system, has successfully integrated into the world of cryptocurrencies. It enables seamless transactions in Brazilian Real (BRL) from a Pix-enabled bank account to a regulated cryptocurrency exchange. Pix's adherence to the guidelines set by the Central Bank of Brazil ensures secure and compliant crypto transactions.
Exchanges like Bybit make it a cost-effective option, offering competitive fees for buying digital currencies like Bitcoin, Ethereum, and more. Hence, Pix has emerged as a reliable and efficient payment gateway for Brazilians venturing into the cryptocurrency market.