Although the cryptocurrency market is currently going through a tough time with the rapid decline of the market in the past two months… the long-term stats show that the crypto market is stronger than ever. If you want to start investing in this market, you need to know the best cryptocurrency exchanges in Brazil :
The 9 Best Cryptocurrency Exchanges for 2022
Cryptocurrencies, especially Bitcoin, draw attention for their high appreciation, and the new possibilities they bring to the financial universe. However, at the same time, this market can also make some investors more apprehensive, as it is still an unknown market, with a series of particularities when investing.
Therefore, there are some steps that can help those interested in this type of investment, such as knowing and analyzing some brokers specialized in the subject.
In addition to being their own institutions to enable and facilitate transactions in the financial market, finding the ideal crypto exchange for your profile will make the process much simpler and safer.
With that in mind, we’ve put together some of the best cryptocurrency exchanges in Brazil (or brokers), so you can evaluate each service and compare the features they offer. That way, you can choose the institution that best meets your needs, and start your journey in the crypto market with much more confidence and practicality!
Best cryptocurrency exchanges in Brazil
For those who already invest in the stock market, dealing with an investment broker is common. However, those who wish to buy crypto assets directly will need a specialized broker, also called an exchange.
Thus, if you are looking for alternatives to start working in this market, it is worth getting to know the best cryptocurrency brokers in Brazil, which already have specialized services in this sector.
Thus, the first stages of your journey can be smoother and safer, with the technical support of an institution dedicated to this market.
And, to help you analyze the main alternatives currently available, check out the details we’ve separated about the 9 most reputable exchanges to invest in cryptocurrencies :
HEADS UP
It is worth mentioning that our analysis was based on the criteria you can see in the tables below, but some perceptions are subjective and may vary from person to person. Therefore, we encourage you to try the brokers and also draw your own conclusions.
1. Binance OPEN YOUR ACCOUNT
Binance is considered one of the biggest and best cryptocurrency exchanges in Brazil and around the world.
Originating in China, the institution has already established itself in the global market, even offering its own virtual currency, being the third-largest cryptocurrency in the market, behind only Bitcoin and Ethereum.
Thus, the platform not only specializes in cryptocurrency investments but has also established itself as a virtual ecosystem of its own.
PROS
Wide variety of cryptocurrencies; international credibility; low rates; full support in Portuguese; deposits via PIX; allows leveraged trading (futures contracts).
CONS
Users report difficulty contacting the support team to fix problems and bugs on the site; unintuitive interface and a large number of features, which can confuse beginners.
2. CEX.io OPEN YOUR ACCOUNT
CEX.io also operates globally, like Binance, and its number of features also makes it one of the best cryptocurrency exchanges in Brazil. It also emerged on the international scene, with a major presence in the United States, Europe, Asia, and certain countries in South America such as Brazil. CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately.
PROS
Support for many countries and regions; Low 0.2% trading fee; Established and trusted exchange.
CONS
The verification process is extensive, requiring much personal information (including a photo) and incurring a long delay; the GBP market lacks liquidity
3. BitPreço OPEN YOUR ACCOUNT
The BitPreço platform, which is not exactly an exchange, but a cryptocurrency marketplace, started in 2018 and today puts users in contact with several national and international brokers.
In the meantime, the broker has already won several awards in the financial scenario, becoming one of the most relevant names in Latin America.
PROS
Low rates; affordable initial investment value; marketplace that brings together several cryptocurrency offers, reducing the bureaucracy of registrations.
CONS
A relatively small catalog of available crypto assets; some users report difficulty in using the desktop platform interface.
4. BitPanda OPEN YOUR ACCOUNT
Another relatively old name on the list of best cryptocurrency exchanges in Brazil, BitPanda has already managed to consolidate itself in the market due to its investment technologies.
Founded in late 2014, the platform has credibility and trust, with more than 3,000,000 registered users on its system. In addition, Bitpanda offers customers the option to buy bitcoins with credit cards, debit cards, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.
PROS
Some of the lowest fees for buying bitcoins with credit/debit cards
Reliable and trusted broker
CONS
Fees aren’t shown openly on the site but instead included in the buying price
5. Foxbit OPEN YOUR ACCOUNT
Foxbit is also one of the best cryptocurrency exchanges in Brazil, although its focus is not as a trading platform, but as a transaction mediator.
The service is entirely Brazilian, developed by national investors, and has a good reputation in the market.
In addition, its performance also brings other services to help new investors to start investing resources in cryptocurrencies, and its resource catalog has already attracted more than 750 thousand customers.
PROS
Deposit by credit card; Help center with service by e-mail, chat, and telephone; low rates; simple-to-use interface; affordable initial investment for new investors.
CONS
The security system has had some flaws over the years, which can make users more fearful; User ratings on app stores are relatively lower than other competitors.
6. Mercado Bitcoin OPEN YOUR ACCOUNT
Among the best cryptocurrency brokers in Brazil, the Mercado Bitcoin stands out, one of the first specialized institutions to operate in the country.
The brokerage also reached more than 1 million active users, standing out for differentials such as executive service at any time, and a simple interface for all types of investors.
PROS
One of the most traditional brokers in Brazil, with good credibility; positive evaluation of users on the internet; affordable initial investment; a platform with an intuitive and simple interface and tinkering.
CONS
Not private since identity verification is required to exceed daily limits or use bank transfers
7. Coinext OPEN YOUR ACCOUNT
Coinext was developed with the aim of bringing new options to investors looking for the best cryptocurrency exchanges in Brazil. In this way, it offers competitive rates and less bureaucratic procedures to attract new clients interested in the market.
PROS
Secure website, with enhanced protection against hacker attacks; two-step user authentication; Stable platform, no reporting of instabilities; affordable rates.
CONS
Relatively new name on the market, which may alienate some investors; Low rating on app stores.
8. Ripio OPEN YOUR ACCOUNT
Ripio is an institution originally developed in Argentina but has become one of the best cryptocurrency exchanges in Brazil. Today, Ripio also encompasses the BitcoinTrade exchange.
Its services are focused on the crypto portfolio, offering all the necessary tools for the investor to have a specialized basket with more practicality.
In addition, the operation also allows trading in different currencies, such as real and Argentine pesos, providing integration between Latin American users and allowing them to use the alternative that best suits their profile.
PROS
The website with a modern and friendly interface, easy to use; free account, with affordable operating fees; possibility of operating in Brazilian reais or in Argentine pesos, expanding investors’ options; integration with Mercado Pago, offering lower rates to customers.
CONS
Catalog with a reduced number of cryptocurrencies; platform still growing, which may make some investors more apprehensive.
9. BitcoinToYou OPEN YOUR ACCOUNT
Finally, BitcoinToYou is one of the most traditional crypto-assets institutions in the Brazilian market, operating since 2010 in transactions in this market.
In this way, it also enters the list of the best cryptocurrency exchanges in Brazil, with more than 350 thousand active users.
Investors looking for security and guarantee in an investment institution can certainly be interested in BitcoinToYou, which brings tools focused on digital currency and user support.
PROS
Credibility in the market; long experience working with cryptocurrencies; simple and easy-to-use interface; low fees and some exemptions such as deposit; user assistance services, in addition to extra content on the financial market, such as articles and podcasts.
CONS
Relatively reduced product catalog; Minimum investment amount is higher than other brokers.
How to choose the best crypto exchange or broker?
Choosing a broker, be it a regular investment broker or an exchange, is not as simple as it seems. Basically, this decision needs to be based on personal criteria, depending on the user’s objective when investing. Even so, in practice, it is likely that there will always be some kind of problem, which can happen to one or several users.
Anyway, we can think of some aspects to watch out for to increase the chances of making a good choice of cryptocurrency exchange:
- Security: Ensure that the exchange is legitimate and adopts procedures to increase the security of the platform, such as two-step authentication.
- Fees: costs to invest are quite relevant, but don’t forget to consider handling fees;
- Products offered: check that the platform has the diversity of assets you would like to trade, whether they are currencies or other types of NFTs;
- Liquidity: the volume of trades at the broker is important so that you can buy and sell your assets at the moment you need;
- Platforms: browse the exchange platform, search for videos and reviews to decide if the platform is as pleasant and intuitive as you would like;
- Service: in addition to the note for service, try to understand the problems reported in Reclame Aqui and if there is something that, for you, is non-negotiable.
Observing these points, it is very likely that you will be able to find a cryptocurrency exchange that will provide a good service and avoid headaches when trading your currencies.
Are cryptocurrency exchanges safe and reliable?
Even after getting to know the best cryptocurrency exchanges in Brazil, many users may still be apprehensive about these institutions. After all, this market is still very recent, and several of the technologies used in its environment are new to investors and companies operating in the financial market.
However, it is important to point out that cryptocurrency exchanges are safe and reliable.
In principle, only organizations that receive the necessary certifications operate in the market. This means that institutions that do not meet all the regulatory criteria will not be able to offer their services, bringing greater security to the user who is analyzing their possible options.
In addition, the best cryptocurrency brokers in Brazil have transparent information, showing the investor all the details about how they operate. In this way, the user can not only learn more about the platform but also perform a more complete and solid analysis of each alternative.
Also, to determine if the best cryptocurrency exchanges in Brazil are, in fact, reliable, the investor can always analyze the opinion of other users.
Platforms such as Reclame Aqui and the comments section of the app stores, for example, allow the user to give his real opinion about the service’s impressions. Thus, it is possible to determine if the platform is really safe and reliable, and also to define if it matches your profile.
However, in general, all the aforementioned brokers are reliable and have the necessary guarantees for the investor who wants to invest in cryptocurrencies.
What you need to know before investing in cryptocurrencies
As it is still a fairly new market, investing in crypto-assets, in general, raises many doubts. In addition to security, which we discussed above, the risks and taxation involved in these transactions are also relevant information.
Scratch
It is worth mentioning that this is a high risk investment, as it is totally volatile and decentralized. Trading takes place 24 hours a day and prices can vary by several percentage points within the same day. Therefore, it is recommended that investors or traders avoid putting more than 5% of their equity in crypto assets.
More than that, never invest capital that you will need to use in a short time. As volatility is high and there are no guarantees of gain, the chances of exiting the trade in the negative are also high.
Taxation
For those who invest directly in cryptocurrencies, there is an income tax exemption for sales of up to BRL 35,000 per month. Above that, taxation follows the following table:
- below R$5 million: 15% rate;
- between R$5 million and R$10 million: rate of 17.5%;
- between R$10 million and R$30 million: 20% rate;
- above R$30 million: rate of 22.5%.
Even so, it is necessary to declare them in the annual DIRPF, in the “Assets and rights” tab, under code 81 for Bitcoin, 82 for other digital currencies, and 89 for other types of crypto assets.
However, for those who choose foreign exchanges, there is a normative instruction from the Internal Revenue Service ( IN RFB 1888/2019 ) that obliges investors who operate more than BRL 30,000 a month to make a monthly statement. For those who operate on Brazilian exchanges, the brokerage itself is responsible for this declaration.
Cautions when investing in cryptocurrencies
Finally, many users feel insecure about starting a career in the crypto market, especially because of its instability. Despite offering high appreciation and good chances of return, the market also offers great risks, dividing investors’ opinions.
However, for those who really want to start investing in cryptocurrencies, there are some tips that can help to be more careful before going with this plan.
In addition to knowing the best cryptocurrency brokers in Brazil, to make a concrete and correct choice, the user can also pay attention to other points.
Check out some of the main ones to increase the security of your investment and have a positive experience:
Have a strong password
The security of your investments starts with the platform, and it is important to take every precaution to ensure that this protection is effective.
So try to have strong passwords for your accounts and wallets.
Every registration, even at the best cryptocurrency exchanges in Brazil, depends on the data that the investor provides, including a personal, secret, and non-transferable password. This password is most often the blocker that prevents unknown profiles from accessing third-party sensitive financial data.
However, hacking attacks are becoming more and more common, mainly for cryptocurrency theft.
So, to increase your protection, it is essential to have strong passwords. Choose at least eight characters and include letters, numbers, and special symbols. Also, try not to make personal associations, such as date of birth, or anything that could facilitate cyber attack by criminals.
A strong profile is one of the first steps towards more protection and peace of mind when investing in cryptos.
Have a wallet
Also, another important tip for crypto investors is to have external storage called hardware wallets. It is a type of device that works as a smart wallet, allowing investors to store their information with cutting-edge encryption to protect their data from intruders.
As these are fully virtual currencies, it is essential to apply resources to protect your data and combinations.
Thus, the wallets use a secret combination of keys, in addition to certificates and other security that help to protect the coins.
Search currency and exchange history
Finally, an important tip for investors looking for ways to protect their data is to find out more about the history of the currency and the exchange on which they intend to operate.
The best cryptocurrency brokers in Brazil are some of the options available on the market, and there may be others that catch the user’s attention. However, before making a decision, seek to know more about the history of the website or application, check for possible attacks, and how the security of the platform works.
In addition, also check if the currency you want to invest is in a favorable trading period and if there are any incidents related to it.
This research will help in making a more accurate and concrete decision, in addition to reducing the chances of complications in the investment.
Is it worth hiring one of the best cryptocurrency brokers in Brazil?
Defining the best cryptocurrency exchanges in Brazil is an analysis that also depends on individual factors. This is because each investor has their own uniqueness and needs so one institution can be more advantageous than another.
However, among the various alternatives on the market, there are some that stand out for their credibility, for their services, or even for their relevance in the market.
In this way, investors looking for more security when acquiring crypto assets may prefer to choose between these options. That’s because they offer more guarantees, more competitive rates, and other differentials that are interesting to users.
So, if you’re looking to start investing in cryptos, it’s worth looking into the best cryptocurrency exchanges more before making a decision.
As a result, you can have a smoother investment experience, with specialized support from institutions that operate in the market and can offer all the help you need.
Common questions
- What is the biggest cryptocurrency exchange in the world?
The largest cryptocurrency exchange in the world is Binance.
- Where to invest in cryptocurrencies in Brazil?
There are 3 ways to invest in cryptocurrencies: buy coins directly on an exchange, buy shares in a cryptocurrency ETF or invest via crypto investment funds. The last two can be done at a common stock exchange.
- What makes a cryptocurrency valuable?
As they are variable income assets, cryptocurrencies are mainly affected by the law of supply and demand but are subject to general financial market influences.
- How much do you need to invest in cryptocurrencies?
The investment value in cryptocurrencies is quite low, from R$ 1, and can vary between brokers.
- Which broker to use to invest in cryptocurrencies?
To invest directly, you need to open an account with an exchange. Today there are many options and it is possible to choose the one that best suits your conditions.
