How To Buy Bitcoin In Brazil (7 Easy Steps)

Get to buy Bitcoin in Brazil with debit cards, credit cards, bank transfers, etc. Not only is Bitcoin the earliest cryptocurrency, but it is also the most popular out of the other 19,000 cryptocurrencies across the globe.

Read on to learn more about the 7 easy steps on how to buy Bitcoin in Brazil.

Key Takeaways:

  • How To Buy Bitcoin In Brazil With Debit Card
  • List Of 7 Best Exchanges To Buy Bitcoin In Brazil
  • List Of Bitcoin Apps Available in Brazil
Buy Bitcoin In Brazil
Credit:binance.com

What Is Bitcoin?

Bitcoin is a decentralized digital form of money (currency) that enables direct buying, selling, and exchange with no intermediary or central control-it is a peer-to-peer exchange transaction.

Each Bitcoin transaction outlines on a public ledger accessible to everyone thus, transactions are difficult to reverse.

Bitcoin is worth money because it has a value the same as gold and the value keeps rising since 2009 when it had its initial public takeoff.

How Bitcoin Works

Bitcoin is built on a distributed digital record known as a blockchain. It indicates that every transaction carried on Bitcoin is recorded chronologically and easily identified as they are accessible to the public.

Its payment is always verified before the commencement of the exchange which makes it hard to fall into fraudulent transactions thus, making Bitcoin trustworthy.

List Of 7 Best Exchanges To Buy Bitcoin In Brazil

Bitcoin exchanges in Brazil authorize the purchase of bitcoin in Brazil using a debit card, credit card, bank transfer, wire transfer, etc. The exchanges to buy Bitcoin in Brazil include:

1. FoxBit

FoxBit is a Bitcoin exchange in Brazil that allows online buying and selling of Bitcoin using bank transfers.

It is user-friendly, provides an acceptable Bitcoin market price, and has no deposit fee.

2. Mercado Bitcoin

It is the most popular Bitcoin exchange in Brazil founded in 2011 with over 1.5 million users that use bank and wire transfers.

It has withdrawal and trading fees but the deposit is free and the transactions done on it are quick.

3. FTX

It is one of the fast-growing centralized Bitcoin exchanges in Brazil that supports over 300 digital assets, margin trading, etc.

It was established in 2019 and already has over 1.2 million users.

It has a trading fee of 0.02% to 0.07% with no fees on deposit and withdrawal (except for ETH, ERC-20 tokens, or small Bitcoin withdrawals).

It uses a debit card, bank transfer, credit card, Automated Clearing House (ACH) transfer, wire, and SEPA transfer as the payment method and accepts USD, AUD, GBP, EUR, etc.

4. Binance

Binance is the safe and globally largest Bitcoin exchange established on July 2017 with over 90 million users.

It offers multi-signature and cold storage options.

It has no deposit fee but a withdrawal fee of 0.15% (the minimum is 3 EUR while the maximum is 15 EUR).

It uses a debit card, credit card, and bank transfer as payment methods.

5. CEX.io

CEX.io is a Bitcoin exchange that started in 2013 with over 3 million users.

It ensures the safety of assets and data. It exhibits an essential level of insurance and exact persistence for the storage, processing, and transmission of payment card data.

Using CEX.io accrues fees (deposit, withdrawal, and trading fees) and it accepts debit cards, bank transfers, credit cards, etc as payment methods.

6. Kraken

Kraken, one of the best Bitcoin exchanges in Brazil was established in 2011.

It accepts fees such as deposits, withdrawals, and trading fees. The payment is done through bank transfers, electronic funds, and wire transfers.

Kraken is well-capitalized and comfortable to use.

7. eToro

eToro, founded in 2006 is a resourceful and universal trading platform where you can exchange Bitcoin and other cryptocurrencies.

It uses ‘copy trading’ which allows the users to automatically view and copy the network’s ultimate dealers.

It has no deposit fee but a 25% of withdrawal fee and a 1% of the trading fee.

eToro supports bank transfers, credit cards, PayPal, debit cards, etc.

It is a trustworthy and reliable Bitcoin exchange.

How To Buy Bitcoin In Brazil With Debit Card

One of the easiest ways to buy Bitcoin in Brazil is using a debit card. Ensure to fund the card before using it.

Below are the guides to using a debit card to buy Bitcoin in Brazil.

1. The first step to take is to visit the web wallet and click on ‘Trade’ located on the header and select ‘Buy’

2. Click on Bitcoin and input the amount you want to buy.

3. Go to ‘Add Payment’, choose ‘Debit Card’ as your payment method, and input your card details ( the name and number on the card, CVV code, expiration date, and billing address).

4. Complete the 3D secure verification for your card which will take you to the site gathered by your bank within the wallet.

5. After card verification, survey the details of your order on the checkout screen.

6. Then, click on ‘Buy Now to make your purchase.

List Of Bitcoin Apps Available in Brazil

Bitcoin apps are online trading platforms where you can buy Bitcoin. Below are mentioned the Bitcoin apps in Brazil.

Coinbase: It is a safe app used to buy and sell bitcoin directly in Brazil.

Electrum: It is a popular bitcoin app similar to windows.

Ledger Nano X: It is a hardware wallet that links to your system through USB that is available in Brazil and used to buy and sell Bitcoin.

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Conclusion

Bitcoin is a decentralized digital currency built on a distributed digital record known as the blockchain.

It enables direct exchange and the transactions made are documented in a public ledger accessible to everyone.

Bitcoin is not only the first cryptocurrency to be discovered but the best and most popular out of the 19,000 cryptocurrencies across the globe.

It is only a few Bitcoin exchanges that allow traders to buy Bitcoin in Brazil using a debit card. They include CEX.io, FTX, eToro, Binance, etc. as mentioned earlier.

FAQs

Does Brazil Have Bitcoin ATM?

Yes, Brazil was rated to have several Bitcoin ATMs in 2022.

Does Brazil Use Binance?

Brazil uses Binance because the Binance company taps from the country’s rising crypto market.

Is There Gift Card In Brazil?

Yes, Brazilian culture allows gift cards (prepaid cards) for practically everything the citizen’s purchase which makes the country a prepaid country.

Where Is Bitcoin Machine Located In Brazil?

Bitcoin machines are located in different places in Brazil. Below are the places where Bitcoin machines are located and the number of machines they have.

Brasilia: It is only two Bitcoin machines that are found in Brasilia: Shopping Pier 21 and Carrefour Hipermercado.

Curitiba: It has a single Bitcoin machine: Shopping Curitiba.

Balneário Camboriú: The place has two Bitcoin machines: Shopping Continente and Santa Catarina.

Campo Grande: It has a single Bitcoin machine: Shopping Campo Grande.

Belo Horizonte: It has only one Bitcoin machine which is known as Shopping Del Rey BH.

Goiânia has a single Bitcoin machine called Goiânia Shopping.

São Paulo: Thirteen Bitcoin machines are located in this area. They include Carrefour São Caetano, Carrefour Hipermercado Pamplona, Carrefour Osasco, Carrefour Hipermercado São José dos Campos, Shopping Jardim Sul, Carrefour Tamboré, Shopping Piracicaba, Shopping Villalobos, Mooca Plaza Shopping, Shopping Metro Cruz, Campinas Shopping, Shopping Cidade SP, and Sheraton São Paulo WTC Hotel.

Rio De Janeiro: Three Bitcoin machines are located in the region: Shopping Plaza Niterói, Carrefour Hipermercado Barra da Tijuca, and Shopping Tijuca.

You can learn more from the video below:

About Author

Buy Bitcoin In Brazil
Favour Nnenna
I am a writer and researcher, a practical digital marketer, and a copywriter who communicates value to a society based on years of experience and knowledge in the field.

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