Crypto Currency Trading in Brazil
Now that more of the corruption within the Brazilian Development Bank has become clear to world, the people in Brazil have looked for alternatives to store their wealth in bitcoin (BTC), ethereum (ETH) and altcoins.
Since 2008, Brazilians have been protesting the corruption which lead to a 50% decline in the value of the Real. The anger will likely continue if the rumors of the Real being added to the Ethereum blockchain under BNDESCOIN, become a reality. Brazil launching a crypto currency, would fail similar to the Petro, when Venezuela tried to launch a crypto currency. Holding USD in 2014 would have kept Brazilians purchasing power stable. Buying bitcoin, regardless of the 2017 price increase and crash of 2018, would have still increased Brazilians Real holdings with the fluctuations of bitcoin throughout this period.
Crypto Currency Exchanges in Brazil
Due to the risk of the Real becoming extinct, Brazilians are jumping into crypto currency trading, to get a head start on the new economy. The best anonymous exchanges available around the world are below to get Bitcoin and altcoins in Brazil with or without KYC requiring your CPF.
The best crypto currency exchanges in Brazil currently are:
|Top Exchanges||Known For||Popular in||KYC||Currencies|
|Credit Card / Exchange||Everywhere except USA||Yes||EUR, USD, GBP||Continue|
|No KYC, Low Trading Fee's||Global||Under 2 BTC No||BTC, ETH, Alts||Continue|
|Large Global Exchange||Global||Yes||BTC, ETC, Alts||Continue|
|Large Global Exchange||Latin America, Europe, UK||Yes||BTC, ETH, Alts||Continue|
|Large Global Exchange||Latin America, Europe, UK, China, Russia||Yes||BTC, ETH, Alts||Continue|
|P2P Trading||Global||No||BTC, ETH, Alts||Continue|
|Credit Card / Exchange||America's, Europe, Asia||Yes||GBP, USD, EUR, BTC, ETH, Alts||Continue|
|Anonymous Purchases||Global||No||BTC, ETH, Alts||Continue|
|Decentralized Anonymous Exchange||Global||No||BTC, ETH, Alts||Continue|
|Person to Person Trades||Global||Yes/No||BTC, ETH, Alts||Continue|
|Exchange / P2P Marketplace||Africa, UK, Europe, Asia||Yes||ZAR, GBP, EUR, CAD||Continue|
Perfect for Visa gift cards to buy $150 or less of bitcoin. Anything higher and there will be a KYC (know your customer) requirement. You will need to get a bitcoin wallet before buying bitcoin with the site as they aren’t an exchange, just a seller.
We believe this is the future of crypto currency trading. Peer to peer anonymous trading of bitcoin and altcoins. If bisq isn’t “the one” to become standard in the future, someone will create a better version of this platform, as there are several similar projects being worked on currently. When using bank transfers from Brazil, do not trade with people at the same bank, as the buyers can go to the bank and request a charge back. If using a bank is out of the question, Western Union transfers are accepted to fund accounts.
Excellent option for anonymous bitcoin and altcoin trading. You cannot buy bitcoin or other crypto currency for Real but anyone currently holding crypto should look this one for quick trades as many holders do currently.
Most Popular Bitcoin Exchanges in Brazil
Mercado Bitcoin requires CPF documents to open an account. The Brazil government will have corrupt officials steal your money at some point like they do with the Real. Avoiding these methods to buy bitcoin is common for Brazilians.
Exchanges to (probably) Avoid in Brazil
Foxbit is popular in Brazil and we respect they recommend not using an exchange as a wallet. However, they aren’t processing withdrawals after their site had duplicate transactions. There is also the CPF requirement which is concerning for Brazilians.
Ripio used to be called Bitpagos and is another popular exchange for Brazilians to buy Bitcoin. We also aren’t recommending Ripio because of the CPF requirements in Brazil. The Ripio bitcoin exchange and the Ripio Credit Network are two projects by the same team. After the $31 million raised in their ICO, creating the RCN token, some question which of the two projects will be prioritized long term by the founders. Bitpagos was originally planning to offer bitcoin on any site online, Rippex has closed as of February 2018.