Best Ways to Buy Bitcoin in Brazil Safely
As the interest of Brazilian investors in Bitcoin continues to skyrocket, people are on the hunt for safe and effortless ways to buy and trade these digital assets. Although there are a variety of options available, cryptocurrency exchanges are the clear champions for buying Bitcoin (BTC) in Brazil.
Why? Well, for starters, these exchanges come with a seal of approval thanks to their reputation and reliability. They have a proven track record of providing secure and efficient services, ensuring your transactions and investments are kept safe and sound.
And let's not forget about payment methods. With most exchanges accepting multiple deposit methods, ranging from traditional debit/credit cards and old-school USD bank wire deposit options to contemporary mobile phone payments and easy-to-use e-wallets, you can easily choose the mode that works best for you.
But what about trading fees, you may ask? Cryptocurrency exchanges offer a cost-effective solution with their low trading fees that typically do not exceed 2% of the transaction value. That's a steal compared to what you'd typically shell out on other trading platforms. Besides, fees can be even lower depending on your trading volume.
As for user-friendliness, cryptocurrency exchanges boast an interface that makes buying, selling, and trading cryptocurrencies a no-brainer. With additional handy features, like charts and graphs on the buying page, you can make more informed trading decisions.
If you're looking for the ultimate cryptocurrency exchange experience in Brazil, Changelly easily ticks all the right boxes. Our Bitcoin exchange has a reputation of taking the best aspects of different exchange companies to provide you with a stellar buying experience. Changelly also partners with several fiat vendors, including Simplex, Indacoin, and MoonPay. This enables users to easily buy cryptocurrencies using their credit or debit cards, without going through the hassle of transferring funds from their bank accounts to an exchange. The fiat vendors also ensure that the transactions are secure and compliant with regulations.
With unbeatable low fees, speedy transactions, fiat-to-crypto purchases, and a beginner-friendly interface, you'll be buying Bitcoin in Brazil in a snap!
How to Buy Bitcoin with Credit and Debit Card
If you're based in Latin America and willing to enter the cryptocurrency space, buying Bitcoin with a debit or credit card is a great way to start. With Bitcoin’s increasing popularity, you surely don't want to miss out on the potential for investment gains. Here are some tips on how to buy BTC with debit or credit cards in Brazil.
First, find a reputable cryptocurrency exchange that accepts debit or credit card payments, as well as caters to Brazilians. Look for one that offers various currency pairs and has a competitive exchange rate. Take your time to do your research and read reviews from other customers to ensure the platform is trustworthy and secure. Or, if you want to save yourself from this headache, go directly to Changelly, a well-established cryptocurrency exchange platform that has been operating since 2013. Changelly takes pride in its commitment to excellence, providing users with a seamless and secure experience in trading cryptocurrencies.
Once you've found a provider, you'll need to set up an account and undergo identity verification. This may involve submitting personal details and a government-issued ID. While it may seem like a hassle, it's necessary for security reasons and to prevent fraud.
After your account is set up and verified, you can add your debit or credit card as a payment method to Bitcoin and other coins or tokens. Be sure to check for deposit fees and other chargers associated with using a debit or credit card, as these can add up quickly.
When making your purchase, be aware of the exchange rate and any potential swings at the Bitcoin price. It's also critical to keep your crypto investments out of the reach of malicious actors by transferring your BTC from the exchange to one of the best Bitcoin wallets, like Ledger Nano X and Trezor Model T.
How to Buy Bitcoin with Bank Transfer in Brazil
Have you been wondering how to buy Bitcoin in Brazil? The good news is that there is no shortage of payment methods when buying Bitcoin in Brazil. However, one of the most popular and convenient options is through a wire transfer. This is because many people already have a bank account and are familiar with the process of making transfers online.
Now, let's get down to business. The primary step is to find a reputed Bitcoin trading service that welcomes bank transfers and is available in South America. Once you've found a site that you like, you'll need to create an account and prove your identity, sharing some ID documents and personal info with the platform.
Once your account is up and running, you're ready to start buying Bitcoin (BTC) with a bank transfer. Simply navigate to the deposit section of the site and choose the bank transfer option. You'll then be provided with the necessary instructions to make the transfer, such as the necessity to input the account number and bank code.
Note that some trading services may charge trading fees for deposits or withdrawals. These fees can vary depending on the platform and the size of the transaction. Additionally, if you're depositing in BRL (Brazilian real), you may have to pay a conversion fee if the trading service only accepts USD (US dollars), EUR, or other fiat currencies.
If you're depositing in US dollars, you can use a USD bank wire deposit to send funds to your trading account. Similarly, if you want to withdraw your Bitcoin and convert it back to USD, you can use a USD bank wire withdrawal to receive the funds. You want to check in advance if the selected cryptocurrency trading platform allows for crypto-to-fiat conversions; otherwise, you may have difficulty withdrawing your funds if you decide to sell Bitcoin back to fiat money in the future.
How to Buy Bitcoin with Apple Pay in Brazil
Apple Pay is an innovative payment method that transforms your iOS mobile gadget into a purchasing powerhouse. From your trusty iPhone to your sleek Apple Watch, you can effortlessly make secure transactions with just a tap. One of Apple Pay's most impressive perks is its ability to safeguard your financial data, so you can buy anything you want without worrying about your personal information falling into the wrong hands.
If you're interested in buying crypto in Brazil, then Apple Pay is an ideal solution. With Apple Pay, you can easily purchase Bitcoin (BTC) and other cryptocurrencies from a variety of digital asset providers. As long as the platform supports Apple Pay as a payment method, you can quickly and safely buy and sell crypto from your mobile device. All you need to do is add your Apple Pay account to the platform and then select it as your payment option when buying or selling Bitcoin.
If you're on the quest for a top-notch exchange that lets you purchase Bitcoin and other cryptocurrencies with Brazil Real (BLR) and other fiat currencies using Apple Pay, you're in luck. The one-stop-shop for all your crypto needs is none other than Changelly. With Changelly, you can rest easy knowing you're getting the best prices and unparalleled customer support, along with lightning-fast transactions and an enormous selection of cryptocurrency pairs to trade. Join Changelly and buy cryptocurrencies with a tap on your iPhone or Android, because Google Pay payments are also supported!
How to Buy Bitcoin from ATM in Brazil
Brazil has been steadily embracing the world of cryptocurrency, with a growing number of Bitcoin ATMs in the country. The Latin America country now has several dozens of Bitcoin ATMs that are primarily installed in large urban areas.
These handy crypto vendors provide users with the opportunity to buy and sell Bitcoin and many other coins for cash, namely BLR. These machines offer a convenient way for individuals to purchase BTC without a bank account or credit card.
To buy Bitcoin (BTC) in Brazil from a crypto ATM, simply locate a Bitcoin ATM near you and follow the instructions displayed on the screen. Most ATMs will require you to provide identification and a phone number for security purposes. Once verified, you can insert cash into the machine and choose how much Bitcoin you would like to purchase.
Such digital asset kiosks also allow for selling Bitcoin and other cryptocurrencies for fiat money. This enables users to easily extract funds from their Bitcoin wallet, while maintaining a decent level of privacy that is not always available through traditional banking methods.
Brazilian Bitcoin ATMs not only allow you to withdraw cash in your regional money, such as USD or BRL, but also facilitate the purchase of various crypto currencies with a simple debit card transaction. For example, you can buy Bitcoin Cash with your debit card, if you wish. This can be exceptionally helpful for beginner crypto enthusiasts who may feel intimidated by the sometimes tricky process of purchasing cryptocurrency on exchanges.
How to Buy Bitcoin with PayPal
Unlike in the United States, where customers can directly transact with 4 different cryptocurrencies on PayPal, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, PayPal currently does not support the direct purchase of Bitcoin in Brazil. However, Brazilian users can access a crypto trading platform that supports PayPal as a payment method to buy BTC to fund their investment in crypto.
When looking for a cryptocurrency exchange that accepts PayPal payments, it's essential to consider the platform’s reputation, ease of use, and trading fees. Some popular platforms that are compatible with PayPal in Brazil include Paxful, Coinmama, and Etoro. These companies have built a strong standing in the industry and provide top-notch security for their customers.
Paxful, for example, is a peer-to-peer marketplace that connects buyers and sellers of Bitcoin. The platform has an easy-to-use interface and reasonable trading fees, making it an attractive solution for those looking to buy BTC with PayPal. Coinmama is another well-known dealer, with some major payment providers as its official partners, and a wide range of cryptocurrencies available for trading.
Crypto brokers like Etoro can offer more advanced features, such as copy trading, where users can automatically replicate the deals of successful traders. This can be especially helpful for those new to Bitcoin trading. Brokers can also offer OTC trading for large transactions with Bitcoin.
How to Buy Bitcoin with Prepaid Card
A prepaid card is a payment card that comes preloaded with funds. It operates similarly to a debit card, but is not connected to a checking or savings account, which helps to achieve some level of privacy when buying Bitcoin.
To make purchases or withdraw cash, the cardholder must first add funds to the card. Prepaid cards enjoy wide acceptance as debit or credit cards, thanks to the backing of major card networks like VISA, MasterCard, and American Express.
You can buy crypto in Brazil with a prepaid card by depositing funds from your card into a licensed third-party crypto trading platform. Some popular cryptocurrency trading platforms in Brazil that offer this service include Binance, Mercado Bitcoin, BitcoinTrade, and Foxbit.
To ensure a smooth and cost-effective process when buying BTC with prepaid cards, it's crucial to take into consideration the potential deposit fees that may differ based on the card issuer and the desired loading amount. A selected crypto trading platform may also charge a commission for funding your account exactly via a prepaid card.
How to Buy Bitcoin with Cash in Brazil
Not everyone is comfortable using a credit card or bank transfer to buy Bitcoins (BTC) in Brazil. For those who prefer to use cash, there are a handful of easy-to-use alternatives.
Bitcoin ATMs
One of the easiest ways to purchase Bitcoin with cash in Brazil is through a crypto ATM. These machines are becoming more common in Latin America, with many installed in large cities like São Paulo and Rio de Janeiro. Users can deposit cash into the terminal and receive BTC in their crypto wallet address. Some ATMs require user identification and follow local government regulations, while others offer total privacy.
Peer-to-Peer (P2P) Trading Platforms
Another popular option is P2P trading platforms like HodlHodl and Paxful. These online services let users buy and sell Bitcoin and other crypto assets directly with each other, incorporating various payment modes, including cash. Once a trade is agreed upon, the buyer and seller meet in person to conduct the trade, or they can choose to transact online.
Bitcoin Vouchers
Some companies sell Bitcoin vouchers that can be purchased with cash. These vouchers have a specific value of Bitcoin and can be redeemed for Bitcoin by entering the code provided. Examples of companies that offer this service include BitCambio and BitPreço.
Personal Connections
If you have personal connections with someone who owns Bitcoin, you may be able to buy Bitcoin from them with cash. This method requires the user to have a certain level of trust in their connection and must ensure that both parties are following local regulations.
Bitcoin Exchanges
If you prefer to buy Bitcoins through a more traditional avenue, you can use a Bitcoin exchange. Essentially, an exchange is like a stock market for Bitcoin. To purchase BTC with cash in Brazil, you can use a platform like BitPreço or Foxbit. Here's how it works: you create an account with a crypto exchange, deposit cash at a bank or a payment outlet, and then use that money to buy Bitcoin at the exchange rate.
Can Foreigners Buy Bitcoin in Brazil?
Brazil is a Latin America territory that has embraced cryptocurrency in recent years. The country has seen a surge in demand for Bitcoin and other cryptocurrencies as people seek to diversify their investments and hedge against fiat currency fluctuations. The good news is that foreigners can buy Bitcoin in Brazil, as there are no restrictions on cryptocurrency ownership or trading. Any foreign individual can purchase Bitcoins on a Brazilian exchange or through peer-to-peer trading platforms.
However, buying Bitcoin as an outlander in Brazil comes with certain requirements. Non-national individuals are required to provide proof of identification, such as a passport and a Brazilian taxpayer ID, to open an account with Brazilian cryptocurrency exchanges. Foreigners should also be aware of the risks associated with buying and trading Bitcoin in Brazil, including the volatility of the cryptocurrency market, regulatory changes, and security concerns. Thus, it is advisable to conduct proper research and take necessary precautions before investing in Bitcoin in Brazil.
Who Accepts Bitcoin in Brazil?
Over the last few years, the use of Bitcoin has been growing significantly around the world, and Brazil is no exception. Here are some of the Brazilian businesses that currently accept Bitcoin:
Mercado Livre
As one of the largest e-commerce sites in Latin America, Mercado Livre has embraced cryptocurrency as a payment option. The site now accepts cryptocurrency payments for its products and services.
Latam Airlines
Latam Airlines, one of the largest airline companies in Brazil, has also decided to accept payments in Bitcoin. Many Bitcoin supporters, who see it as a sign of a growing acceptance of cryptocurrency in Brazil, have welcomed the move.
Bom Preço Supermercados
Bom Preço Supermercados, a popular supermarket chain in Brazil, has started taking payments in BTC. This is a major shift for a company in the food and beverage industry, which historically has been slow to adopt new payment technologies.
PagSeguro
PagSeguro, a leading Brazilian financial services company, has launched a Bitcoin payment option. The company already offers a wide range of payment solutions, but adding Bitcoin to its list of services is an acknowledgement of the elevating appreciation of cryptocurrency in Brazil.
Burger King
Burger King was one of the first companies to start accepting Bitcoin as a payment in Meridional America. This fast-food chain has partnered with the digital wallet app MercadoPago to allow customers to pay for their meals using Bitcoin.
Dell
Dell, the American computer manufacturer, is another enterprise that accepts Bitcoin in Brazil. Customers can purchase their products online using Bitcoin to pay the bill.
Subway
Subway, an iconic sandwich chain, also lets consumers clear a bill with Bitcoins in Brazil. Through a partnership with the virtual wallet app Bitfy, sandwich eaters can now use Bitcoin to purchase their meals.
Oásis Supermercados
Oásis Supermercados is a Brazilian supermarket chain that has also started accepting Bitcoin payments. Customers can pay using Bitcoin through a partnership with the app StartPay.
Hostel Bitcoin
As the name suggests, Hostel Bitcoin is a hostel in Brazil allowing guests to pay reckoning with Bitcoins. This hostel also enables customers to pay with other cryptocurrencies as well.
Travel agency CVC
CVC, one of Brazil’s largest travel agencies, has recently announced that it will start taking Bitcoin payments for domestic travel packages.
Pichau
Pichau, an online computer retailer in Brazil, is another company that does not mind bill clearing in Bitcoin. Customers can pay using Bitcoin when purchasing computer hardware and accessories.
Though the list of companies accepting Bitcoin in Brazil is still relatively short compared to other countries, it is clear that crypto adoption is steadily gaining traction in the country.
How to Cash out Bitcoin in Brazil?
If you are among those who hold Bitcoin in Brazil and are wondering how to cash it out, there are several routes to explore.
P2P Platforms
One of the most straightforward ways to sell Bitcoin for cash in Brazil is through peer-to-peer (P2P) platforms. These platforms match buyers and sellers directly, allowing users to trade Bitcoin for fiat currency (such as USD or Brazilian Real) without intermediaries. Some notable P2P platforms that operate in Brazil include Mercado Bitcoin and Paxful.
One advantage of using P2P platforms is the relatively high trading volume, which means there are usually many buyers and sellers available at any given time. However, these online services may require users to verify their identity and may charge higher fees compared to other cash-out methods.
Cryptocurrency Exchanges
Another popular technique to convert Bitcoin into fiat in Brazil is through a centralized exchange. These exchanges allow users to trade Bitcoin for national money or other cryptocurrencies through a centralized platform. Some notable exchanges that operate in Brazil include Changelly, Binance, Coinmama, and Foxbit.
One advantage of using exchanges is the ease of use, as they typically offer a user-friendly interface and a variety of payment methods. Yet, exchanges may charge deposit and withdrawal fees, and users may need to undergo a verification process to comply with anti-money laundering regulations, which may curb the privacy of Bitcoin transactions.
Bitcoin ATMs
Bitcoin ATMs are another brilliant scheme of selling Bitcoin for cash in Brazil, where users can withdraw fiat directly from an ATM using their Bitcoin wallet.
A strong point of using Bitcoin ATMs is the anonymity they offer, as generally little to no personal information is required to withdraw cash. However, Bitcoin ATMs may charge relatively high fees, and users should be cautious when using unfamiliar machines to avoid fraud or scams.
Bitcoin Debit Cards
Bitcoin debit cards are a new and innovative modus of cashing out Bitcoin in Brazil. These cards allow users to spend their Bitcoin balance directly at merchants that accept card payments, making it easy to integrate Bitcoins into everyday expenses. Some notable Bitcoin debit card providers are Coinbase and Bitwala.
One advantage of embracing Bitcoin debit cards is the ease of use and accessibility they offer, allowing individuals to spend their Bitcoin balance wherever card payments are accepted. A hitch is that Bitcoin debit cards may charge fees for transactions and may require users to verify their identity to comply with regulatory requirements.
Gift Cards
Some companies allow you to acquire gift cards with your Bitcoin balance, which you can then utilize to make purchases at select retailers, thus materializing your electronic wealth into real-world goods and products. Examples of companies that offer Bitcoin gift cards include Bitrefill and eGifter.
