There are numerous options available when looking for the best crypto exchange in Brazil online. After all, the market for cryptocurrencies has exploded recently, and more platforms are starting to provide access to digital assets around the world, including Brazil.
It is critical to take security, supported assets, fees, and payment options into account when selecting a cryptocurrency exchange. Therefore, choosing the best service can be a daunting undertaking for someone completely new to the cryptocurrency market.
To help you make an informed choice, we’ll compare the top five crypto exchanges in Brazil in this guide.
Trading Crypto in Brazil
Brazil has no laws prohibiting the use or purchase of Bitcoin or other cryptocurrencies for non-criminal activities.
The first law to impose rules on Brazil’s cryptocurrency business was approved by the Brazilian Senate in April of 2022. Normally, this would be problematic for buyers of cryptocurrencies, but that doesn’t seem to be the bill’s intention. The government’s executive branch will be in charge of establishing crypto-asset regulations. The government is interested in creating and offering incentives to boost its exposure to and participation in the cryptocurrency industry. The goal is to boost the mining of cryptocurrencies like Bitcoin in Brazil, and there is a tax exemption on the import of mining equipment into the nation.
However, the Central Bank of Brazil has repeatedly stated its stance on the regulation of Bitcoin and other digital assets. The bank has issued warnings regarding the risky nature of self-custody of funds and the speculative nature of cryptocurrency trading.
Brazilian authorities are cautioning consumers that using cryptocurrency is a game they should play with the risks in mind. Trading on crypto exchanges in Brazil is entirely legal and could be a great way to diversify your investment portfolio if you’re willing to take the risks in exchange for the independence and chances that crypto offers.
Additionally, cryptocurrency buyers should be aware that some exchanges may need you to get your own wallet before you can purchase the virtual currency. Having your own wallet is advised for security reasons even if it is not required. Nevertheless, many of the exchanges listed in this guide provide their consumers with cryptocurrency wallets.
How to Buy Crypto in Brazil in 2022
Many traders and investors are eager to enter the crypto market for the first time in 2022 as a result of Bitcoin achieving new all-time highs in 2021. To start, you should compare cryptocurrency exchanges, such as the ones provided in this guide, to begin trading cryptocurrencies in Brazil. Purchasing Bitcoin through a cryptocurrency exchange is the simplest option. Locate an exchange that offers the features you require, such as minimal costs, excellent security, simplicity of use, or round-the-clock customer service.
You’ll then need to register for an account. You must authenticate your email address and identity to open an account on an exchange. Prepare your phone and some photo identification. Have your camera and scanner ready in case any platforms call for their use.
Now, you can make a deposit once your account has been approved and set up. Once your identity has been confirmed, you can deposit money in Brazilian reals or US dollars using the payment option that best suits you, which is typically a bank transfer, direct deposit, credit cards, or direct debit.
You can now exchange your money for Bitcoin after this is finished. This is as simple as inputting the desired purchase amount and pressing a button on more user-friendly exchanges. From there, you can withdraw your Bitcoin to a wallet of your choosing. Lots of exchanges allow you to use your own wallet, but also offer their proprietary wallets for your convenience.
Now that we’ve broken down how to buy crypto in Brazil in 2022, let’s get into the five best crypto exchanges in Brazil for 2022.
Best Crypto Exchanges 2022 For Brazil
Main features: No commissions, free trial for new users, excellent online support.
Brazilian users of TradeStation can take advantage of the platform’s award-winning trading technology to trade stocks without paying any commissions. Along with cryptocurrencies, users have access to more than 2,000 commission-free ETFs and the resources they need to explore their trading ideas. Along with offering hundreds of opportunities for options-specific education, TradeStation also has the tools you need to utilize options.
TradeStation is a very hassle-free cryptocurrency trading platform, making it perfect for newcomers to the market. Digital assets such as Bitcoin, Ethereum, Litecoin, and many others are available for users to purchase, sell, and exchange. This platform is loaded with the sophisticated trading tools that skilled traders require, as well as safe technological solutions. Additionally, TradeStation provides customizable trading interfaces, one-click order input, rapid price analysis, and the option to view unrealized profits right away. Additionally, this platform includes a fantastic and simple mobile app that makes trading while on the move a pleasure.
Security and support are other advantages of TradeStation. Access to your crypto trading account is made more secure by using two-step verification. Additionally, you can trade cryptocurrencies whenever you want, and phone help is offered nearly constantly throughout the week.
TradeStation offers a comprehensive array of cutting-edge trading technology, online brokerage services, and trading education all under one roof, making it ideal for both novice and seasoned traders.
Main features: Flexible crypto management, crypto collateral options, universal conversions.
YouHodler is an excellent platform for banking based on digital assets and offers an alternative to traditional banking. Its platform offers users freedom in managing both Bitcoin and fiat financial services, as well as simple-to-use growth cryptocurrency solutions. YouHodler is neither a strategy to promote its own native tokens nor an alternative to conventional finance. The business concept is straightforward because it provides customers with services based on the smooth exchange of fiat and cryptocurrency assets. This enables its clients to use money as payment instead of crypto assets.
Customers of YouHodler can use these services to obtain fast cash and cryptocurrency loans at the greatest loan-to-value ratios of up to 90% by using their cryptocurrency as collateral. All crypto, fiat, and stablecoins are convertible for users. Users who deposit cryptocurrency into YouHodler savings accounts, which are paid out monthly, can also earn up to 12% APR in addition to compound interest.
Don’t worry if security is an issue for you! Customers of YouHodler are safeguarded by the impartial Financial Commission. There is no risk associated with trying out this site because it also offers a free trial. Additionally, this platform provides tutorials and documentation that might be helpful to novice traders.
Main features: 0% trading fees, over 100 coins available, top-notch customer support.
Without paying any trading commissions, Capital enables users to trade cryptocurrencies alongside stocks, commodities, currency, market indexes, ETFs, and more. Users can trade with up to 500-times leverage on other assets and two times the leverage on cryptocurrencies thanks to the platform’s support for over 100 cryptocurrencies.
With zero trading costs and a tight spread of 0.1% to 0.3% depending on the asset, Capital’s platform has a very low overall cost of use. It features a completely functional desktop platform, a mobile app that is well-rated and works with iOS and Android, and a great demo account where you can practice trading with real assets in real time.
Capital is a safe and secure platform because it has licenses from the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK. Every user is assigned a personal account manager who they may contact at any time by phone or email, which contributes to the good feedback Capital’s customer service staff consistently receives. Capital never charges fees for deposits or withdrawals, and regardless of whether you use spot orders or limit orders, you’ll never be charged a trading commission. Capital is a very safe platform to deal with because it has earned the ISO 27001 certification for upholding strict information security standards.
The only major downside to Capital is that, due to the high volume of new signups at the moment, it may take several days for your account to be validated. The benefits of this platform, however, exceed this drawback. You can bypass the waiting list and have your account approved right away if you can locate a referral link with a quick Google search.
Zero trading commissions, narrow spreads between 0.1% and 0.3%, a fully working demo account for “practice” trading or paper trading, and free deposits and withdrawals are all available to you when trading with Capital. The great desktop trading platform and a professional account manager are both provided by Capital. Investors seeking the finest overall cryptocurrency trading experience with no trading commissions should consider Capital.
Main features: No trading fees, top-of-the-line security, easy to use for beginners.
Pepperstone is an Australian brokerage and CFD trading platform that is popular in Australia as well as Brazil. The Australian Securities and Investments Commission, the FCA in the United States, and the DFSA in the United Arab Emirates all grant licenses and regulate Pepperstone. This platform is an all-in-one trading platform used by cryptocurrency traders throughout the world that offers direct access to CFDs on indices and cryptocurrencies, ETFs, equities, and forex.
We value Pepperstone’s inexpensive trading commissions, narrow spreads, and wide selection of investment options. Depending on their location and level of competence, experienced traders can trade with 10x leverage on the majority of crypto assets.
The spreads at Pepperstone range from 0.0 to 1.2 pips, depending on the underlying crypto asset, and there are no deposit or withdrawal fees. Customers can contact customer service by phone or email 24 hours a day, 7 days a week, to get all their questions answered about the highly rated Pepperstone app for Android and iOS devices.
Zero trading costs, minimal spreads of 0.0 to 1.2 pips, round-the-clock customer service through phone and email, and up to 10-times leverage (depending on the specific jurisdiction) on the majority of crypto assets are just a few advantages of utilizing Pepperstone for cryptocurrency trading in Brazil.
Over twenty crypto CFDs, including Bitcoin, Cardano, Dogecoin, Ethereum, Litecoin, EOS, and many more, are supported by Pepperstone. Additionally, you can benefit from free deposits and withdrawals as well as access to Pepperstone’s sophisticated charting tools. For seasoned Brazilian investors seeking minimal costs and access to charting tools, this platform is the ideal option.
Main features: Low trading fee at 0.2%, cold storage for additional security, $50 new user bonus.
At just 0.2%, CoinSmart provides extremely low trading costs. It has a simple, well-liked app, supports quite a few cryptocurrencies, can verify accounts quickly with few requirements, and provides fairly good customer service. Since CoinSmart is a Canadian exchange, it is overseen by several Canadian financial regulators, ensuring the safety and security of your money. CoinSmart is a publicly traded business on the Canadian stock exchange, which means it CoinSmart will have to go through security audits annually.
Users can benefit from extremely low trading fees with CoinSmart and 24-hour customer assistance via phone, live chat, or email. Additionally, this platform offers instant deposits and withdrawals, a simple user interface for both novice and experienced traders, and a 95% cold storage policy to keep your cryptocurrency extra secure.
Users who want to fast begin trading cryptocurrencies can also benefit greatly from using CoinSmart. You may quickly register an account in Brazil and have it validated. You can get your money the same day as your deposit if you don’t need to continue pairing and tethering. You can start purchasing and selling your digital currency once you’ve been authenticated.
CoinSmart currently supports trading for Bitcoin, Litecoin, Cardano, Shiba, Ethereum, and eleven other digital currencies. Open a CoinSmart account right away if you’re seeking a well-known exchange that provides the lowest fees, top-notch customer support, and a user-friendly mobile app.
How was our guide to the best crypto exchanges for traders in Brazil? Tell us your thoughts in the comments below!