How to Buy Bitcoin in Brazil
We found 10 trusted online cryptocurrency exchanges operating in Brazil including Mercado Bitcoin, Foxbit, and Coinbase.
Mercado Bitcoin is the most popular Bitcoin exchange in Brazil with 1,500,000 users
Foxbit allows buying and selling Bitcoin with 1 forms of payment
Coinbase accepts users and payments from 34 countries
Ease of Use
Medium
Fees
Average
Verification
1-2 Days
Reputation
Trusted
Mercado Bitcoin is one of the clear leaders in the Brazilian cryptocurrency space.
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Mercado Bitcoin is one of the clear leaders in the Brazilian cryptocurrency space. With over 1.5 million users, Mercado Bitcoin accepts Real (BRL) deposits and facilitates quick and easy transactions.
Mercado Bitcoin claims that the majority of their assets are in offline cold wallets.
Ease of Use
Medium
Fees
Average
Verification
1-2 Days
Reputation
Trusted
Foxbit is a well known onramp for Brazilian traders looking to convert Brazilian Real to Bitcoin.
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Foxbit is a well known onramp for Brazilian traders looking to convert Brazilian Real to Bitcoin. With over 650,000 users, Foxbit represents a 41% market share of the Bitcoin market in Brazil.
FoxBit claims that a large percentage of funds are being stored in a cold wallet. This being said, the exchange has not been immune to security breaches. An incident in April 2018 caused around 58 Bitcoin ($540,000) to be withdrawn from the exchage. Foxbit has since strengthened security.
Ease of Use
Easy
Fees
Average
Verification
1 Day
Reputation
Trusted
Coinbase is one of the most popular digital currency exchanges, based in the U.S and boasting over 43 million users.
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Coinbase is one of the most popular digital currency exchanges, based in the U.S and boasting over 43 million users. Headquartered in San Francisco, California, the platform offers both an all-in-one exchange and a wallet, making it one of the easiest starting points with Bitcoin. Coinbase’s wallet and merchant services, which have won the trust of over 108 million users, have their payment platform integrated with more than 48,000 businesses worldwide.
Coinbase is one of the world’s largest bitcoin exchanges and also considered to be one of the safest. Coinbase is a regulated company and holds licenses in all districts in which it operates. It is also a VC backed company with over $100 million in funding. Cash held in Coinbase wallets is FDIC insured up to $250,000.
After buying bitcoin from an exchange, it's important to withdraw to your own non-custodial wallet for security, privacy, and to have full control over your bitcoin.
Zengo is an easy iOS & Android crypto and NFT wallet. Buy, sell, and self-custody directly from the app.
Ledger Nano S Plus is a secure hardware wallet that connects to your computer via USB-C
BlueWallet is a popular desktop Bitcoin wallet which is compatible with Windows, Mac, and Linux
Ease of Use
Medium
Fees
Low
Verification
1 Day
Reputation
Trusted
Within 8 months of launching in July 2017, Binance quickly skyrocketed into the world's largest cryptocurrency exchange by trading volume, processing more than $1 billion on a daily basis.
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Within 8 months of launching in July 2017, Binance quickly skyrocketed into the world's largest cryptocurrency exchange by trading volume, processing more than $1 billion on a daily basis. It’s rise to popularity can be attributed to the impressive number of cryptocurrencies they offer, professional attitude, friendly and transparent CEO, and low trading fees.
Binance is considered a safe cryptocurrency exchange. Binance provides 2-factor authentication and offers both multi signature wallets and cold storage options.
Ease of Use
Easy
Fees
High
Verification
1 Day
Reputation
Trusted
Revolut is a popular fintech app that offers a range of financial services, including international money transfers, currency exchange, and access to cryptocurrencies through its mobile app.
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Revolut is a popular fintech app that offers a range of financial services, including international money transfers, currency exchange, and access to cryptocurrencies through its mobile app. Revolut’s support for cryptocurrencies allow users to buy, sell and hold various digital assets within the platform.
To store the cryptocurrencies held on users' behalf, Revolut uses some of the most secure methods, such as multi-signature wallets and cold storage
Ease of Use
Easy
Fees
Low
Verification
1 Day
Reputation
Trusted
ByBit sits amongst Binance as one of the leading cryptocurrency exchanges known for its vast selection of cryptocurrencies and professional trading features.
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ByBit sits amongst Binance as one of the leading cryptocurrency exchanges known for its vast selection of cryptocurrencies and professional trading features. With its user-friendly interface, low fees, and liquidity, ByBit stands out as an ideal choice for both novice and experienced traders seeking a reliable and feature-rich platform.
ByBit user funds are stored securely offline in cold wallets and routinely provides Proof of Reserves audits and publishes them to the public.
Ease of Use
Easy
Fees
Average
Verification
1-2 Days
Reputation
Trusted
Founded in 2014, Bitso is a popular Mexican-based cryptocurrency exchange platform.
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Founded in 2014, Bitso is a popular Mexican-based cryptocurrency exchange platform. Users in Latin America are able to trade cryptocurrencies like Bitcoin, Ethereum, and other, using local fiat currencies..
Bitso holds a DLT license granted by the Gibraltar Financial Services Commission (GFSC) and operates under GFSC’s principles
Ease of Use
Easy
Fees
Average
Verification
1-2 Days
Reputation
Trusted
SatoshiTango is one of Argentina’s most renowned Bitcoin exchange services.
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SatoshiTango is one of Argentina’s most renowned Bitcoin exchange services. The platform focuses on the South American market and offers a very user-friendly ecosystem where traders can exchange, buy, and sell Bitcoin.
We are unaware of SatoshiTango’s security features.
Ease of Use
Easy
Fees
Low
Verification
1 Day
Reputation
Trusted
OKX is a leading cryptocurrency exchange known for its vast selection of cryptocurrencies.
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OKX is a leading cryptocurrency exchange known for its vast selection of cryptocurrencies. With its user-friendly interface, low fees, and deep liquidity, OKX stands out as an ideal choice for both novice and experienced traders seeking a reliable and feature-rich platform.
OKX has created an asset risk reserve fund committed to continually allocating a percentage of our earnings to guarantee and protect assets from crypto security risks
Ease of Use
Easy
Fees
Average
Verification
2-3 Days
Reputation
Trusted
With millions of active users, an international market, and strategic investors on board, Kraken, joins Coinbase and Binance to become the big three cryptocurrency exchanges in the global market.
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With millions of active users, an international market, and strategic investors on board, Kraken, joins Coinbase and Binance to become the big three cryptocurrency exchanges in the global market. Kraken provides cryptocurrency to fiat trading and provides price information to Bloomberg Terminal. In February 2019, Kraken announced that it had raised $100 million in a direct offering to its largest customers at a $4 billion valuation.
Kraken is considered one of the safest bitcoin exchanges around. The platform provides cryptography-verified proof of reserve audits. These audits verify the total amount of cryptocurrency held by Kraken. The company appears to be well-capitalized and very safe to use.
Buying bitcoin and other cryptocurrencies in Brazil is a simple process and usually takes less than 10 minutes to get fully setup.
The first step is to register with a platform, app or exchange and complete a Know Your Customer (KYC) process.
The exchange you choose will be interoperable with most devices, desktop and mobile, and will allow you to withdraw to your own personal hardware wallet.
There are also several options available for buying and selling without verification on P2P exchanges, although they are much less user-friendly and are recommended for more advanced users.
Before purchasing, there are a couple of important things you'll need to prepare:
1. Create an account with an exchange
Brazil has 10 trusted exchanges available for you to sign up for, with the most popular being Mercado Bitcoin and Foxbit, which account for a combined 2,150,000 active users.
Both exchanges are considered to be beginner-friendly and offer multiple deposit methods and a variety of cryptocurrencies.
Exchanges will differ by fees, security, payment methods, and other features, so explore the "info" tab on the exchanges listed above to find which one is the right fit for you.
The platform you end up choosing will depend on your preferences and the cryptocurrencies and payment methods they support.
Also it's important to note that you can always sign up to other exchanges later.
2. Complete the KYC verification process
After signing up to an exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process. This is an unavoidable legal requirement for almost all exchanges in Brazil.
To complete this step you will need your photo ID readily available to take pictures of both the front and back sides of the document.
In most cases your verification will be approved instantly and at most can take 1-2 days.
3. Make a fiat deposit
To begin buying bitcoin and other cryptocurrencies you will need to link a bank account or credit card to the exchange.
Some of the payment methods provided by Mercado Bitcoin and Foxbit are: Bank Transfer, Wire Transfer.
Depending on the payment method, it could take anywhere from a couple of minutes to days for the funds to arrive at the exchange.
4. Buy cryptocurrency
Once your account has been funded, you are ready to buy your first bitcoin. It's important to note that you do not need to buy a full bitcoin.
Most exchanges will let you buy as little as a few dollars worth of bitcoin, or any other cryptocurrency.
5. Send your bitcoin to a personal wallet
Once you've purchased bitcoin or your cryptocurrency of choice it's important to withdraw it to your own secure personal wallet.
Leaving your coins on an exchange poses a security risk as many exchanges are targets for hackers to steal user funds. Storing your own coins on your personal hardware wallet mitigates that risk.
Brazil
Brazil has not enacted any regulations or legislation against cryptocurrencies, therefore they are legal to buy and sell.
In 2020, Brazilian lawmakers proposed legislation that would regulate cryptocurrencies and provide for a series of laws governing business use of cryptocurrencies.
🌎 View bitcoin and cryptocurrency legality around the world
There are 10 trusted exchanges operating in Brazil with the most popular being Mercado Bitcoin , Foxbit , and Coinbase.
You can review each of these exchanges and find best exchange that works for you. Bitrawr ranks exchanges in Brazil based on fees, users, and security while giving placement preference to exchanges located in Brazil or specifically catering to users in Brazil.
Most of the exchanges operating in Brazil have debit/credit card payment options available. Remember that this requires completing KYC.
No! For complete custody of your Bitcoin or other cryptocurrencies it is recommended to store them in a hardware wallet as it keeps private keys safe and entirely offline.
Bitcoin ATMs are an excellent way to buy bitcoin using cash and offer little to no requirements for KYC. ATMs are commonly located inside of convenience stores, shops, restaurants, malls or airports. Find one near you using our ATM map.
Yes, Coinbase works for users in Brazil. Coinbase in Brazil allows for the use of debit cards, credit cards, bank accounts, wire transfers, and in some cases, PayPal to buy cryptocurrencies.
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