Brazil is one of the most crypto-friendly countries in the world, as a result of which it is growing rapidly in terms of crypto investing.
The popularity of crypto in Brazil can be attributed to the general growth of the industry in Latin America due to the inflation that has ravaged the local currencies. If you’re a crypto investor in Brazil looking for a reliable crypto exchange to use, you’re not alone.
There are several exchanges that Brazillians can use, but not all are perfect for you. It is important to consider several factors such as security, liquidity, and the likes before deciding on which platform to use, both for buying and trading of your crypto assets.
Based on some of these factors, the following are five of the best crypto exchanges you can use to buy or trade your crypto assets in Brazil. Which one you pick ultimately depends on your investment and trading goals.
Uphold
Imagine a platform that allows you to “trade anything for anything”. That platform is Uphold. Apart from crypto, you can also buy and trade precious metals and other commodities. The best part is that you can trade these for crypto also.
Uphold is a simple platform to use, and puts security as a topmost priority. You can securely buy. Hold and trade crypto assets on the platform with zero fear of losses. The platform also allows users to transfer Basic Attention Token (BAT) earned from using Brave Browser.
What’s more? The platform is highly regulated in the IK, making it a reliable one to use for all your crypto trading needs.
Binance
This is the biggest crypto exchange by trading volume for many years, which means they are doing something right. Apart from being easy to use, Binance also charges considerably lower fees than most exchanges.
It supports over 300 crypto assets, giving altcoin traders several options to deal with. You may use Binance on the web, or access it on your mobile as an app for on-the-go purchase and management of assets.
Binance’s ease of use is another thing that makes it so popular. Though armed with advanced tools for pro traders, it provides an option that is suitable for beginners via its Lite version.
Mercado Bitcoin
Looking for a native Brazil exchange? Mercado Bitcoin is one you should consider using. Currently the fifth biggest crypto exchange in Brazil, it currently serves over 3.7 million users, with an extensive range of over 200 assets, including cryptocurrencies, Digital Fixed Income, DeFi, NFTs, and FanTokens.
It is a user-friendly platform that also focuses on training beginners to master the art of trading, while giving pro traders the best available tools. While the maker/taker fees are kind of high, there are no deposit or withdrawal fees.
The exchange is fully registered and regulated by the CVM (Securities and Exchange Commission of Brazil). There are several deposit methods available to use when making deposits to the platform.
Gate.io
Gate.io is one of the most popular crypto trading platforms in Brazil. With over 1,700 crypto assets, it is easy to see why it is so popular, as it provides altcoin investors so many options to choose from.
The platform is also particularly popular because of its low transaction fees. There are over 14 million users worldwide, attesting to the state of the exchange. With its automated trading bots and a specialized startup section, the platform caters to the specific needs of Brazillians.
You can directly deposit BRL using local bank transfers, Boleto Bancário, and debit/credit cards.
Bybit
Bybit ticks all the boxes when it comes to a crypto platform for Brazillians. You can use methods such as bank transfers, Boleto Bancário, Pix and credit or debit cards to deposit BRL on it, making it suitable for local users.
There are close to a thousand crypto assets supported, many of which can be traded as derivatives. It also provides customer service in Portuguese.
