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You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
- Popular Exchanges to Buy Bitcoin & Crypto in Brazil
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eToro- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Clean & easy trading interface
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
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Coinmama- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
CEX.io
Bitpanda 
Airtm Popular Buy Bitcoin
Airtm offers a peer community. You can buy and sell dollars or crypto in exchange for other forms of value. The platform provides trust and transparency by authenticating users and establishing a higher degree of identity validation to the peers who facilitate the transactions. Airtm provides an escrow system, so that value exchanges are fair and are completed as agreed.
- Many payment methods available
- Low fees for South American countries
- Not private since identity verification is required
Bitex Popular Buy Bitcoin
Bitex.la is a Bitcoin exchange and broker which services many South American countries, including Brazil, Mexico, Argentina, Chile, Peru and Uruguay. You can fund your exchange account with cash or AstroPay.
- Many payment methods available
- Low fees for South American countries
- Bitex brokers the sale of large amounts of bitcoin
- Not private since identity verification is required
Ripio Buy Bitcoin
Ripio is a Bitcoin platform based in Argentina. Ripio accepts bank transfers from Argentina or Brazil. Ripio also accepts cash payments from over 8,000 convenience stores across Argentina, via Easy Payment or Rapipago. It's quick, secure, and easy to use.
- Fast way to buy bitcoins in Argentina
- A few payment methods available
- Low 0.5 fee
- Bank transfer option is not private since identity verification is required
SatoshiTango Buy Bitcoin
SatoshiTango is a South American Bitcoin exchange. Users in Brazil, Colombia, Chile, Peru, Uruguay, Argentina, Costa Rica, Ecuador, El Salvador, Honduras, Panama and Nicaragua can use SatoshiTango to buy bitcoin.
Payment methods include bank transfer, bank wire, cash deposit in Buenos Aires or through a coupons from PagoFacil, RapiPago, BaproPagos, CobroExpress or ProvinciaPagos.
- One of the best ways to buy bitcoins in the countries it covers
- Allows for the payment of utility bills and the purchase of airtime with bitcoin
- Not private since identity verification is required
- Due to regulations, a separate account is needed for each fiat currency SatoshiTango accepts; USD, EUR and ARS
Mercado Bitcoin Buy Bitcoin
Mercado Bitcoin is the largest Bitcoin exchange in Brazil and South America. Without verifying, you can buy bitcoin using cash deposits. After verification, you can also fund your account with online bank transfers, which incur no deposit fee. Mercado Bitcoin offers some of the best liquidity in Brazil, meaning you should get the fair market price when buying bitcoins.
- Deep liquidity promotes a price close to fair market rate
- Very popular with over 100,000 clients
- Not private since identity verification is required to exceed daily limits or use bank transfers
FOXBIT Buy Bitcoin
FOXBIT is a Bitcoin exchange based in Brazil. You can buy bitcoin online with bank transfers and no deposit fees. FOXBIT offers some of the best liquidity in Brazil, meaning you should get the fair market price when buying bitcoins.
- Deep liquidity promotes a price close to fair market rate
- Fast deposits and withdrawls; should only take 1 minute to confirm
- Signup bonus
- Not private since identity verification is required
FlowBTC Buy Bitcoin
FlowBTC is a Bitcoin exchange based in Brazil. You can fund your account online via bank transfer.
- Ability to purchase bitcoins relatively quickly; express deposits can clear the same day
- Low 0.35% fees
- Low 0.5% deposit fee
- Not private since identity verification is required
Bitcoin To You Popular Buy Bitcoin
Bitcoin To You was the first Bitcoin broker to be established in Brazil, in 2013. You can buy bitcoins online from them in less than 10 minutes. You simply create an account and make a deposit via online bank transfer.
- Super quick way to purchase bitcoins
- Established and trusted broker
- Low trade fees of 0.6% for market takers and 0.25% for market makers
- Reasonable 1.89% bank deposit fee
- Not private since identity verification is required
- Offers a web wallet but this is not ideal for bitcoin storage
- Not available on Sundays or during the week before 8 AM and after 8 PM
BitCambio Buy Bitcoin
BitCambio is another Bitcoin exchange based in Brazil. You can make a deposit online via bank transfer. Fees vary depending on your trading volume.
- Can achieve low fees with high trading volume
- Account with 4 major Brazilian banks for fast and cheap inter-bank transfers
- Not private since identity verification is required
- Initial limit of R$30,000 but this can be raised by doing more trades
Kraken Buy Bitcoin Read Review
Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.
- Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
- Very low maker fee, falling to 0% with sufficient trading volume
- Highly-rated for security and data protection
- Requires ID verification, so not private
Bitit Buy Bitcoin Read Review
Bitit lets you purchase bitcoin online with a 3DS-enabled credit/debit cards or with cash via Neosurf, Flexepin (coming soon) and Cashlib vouchers, available in over 150,000 local stores across Europe.
We may receive compensation when you use Bitit. Please visit Bitit for its exact pricing terms.
- Unique way of purchasing offers extra privacy over other methods
- 8% Neosurf fee is slightly better than Coinhouse's 10%
- Available in 50 countries
- €10,000 initial weekly Neosurf cash payment limit
- Bitcoin gift cards also available; more expensive than other options
- In-person buying methods offer more privacy but can be confusing
- Identity verification required for buying amounts over €25
- €500 initial weekly credit/debit card limit
LocalBitcoins Buy Bitcoin Read Review
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.
- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit
- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Bitcoin ATMs Buy Bitcoin
You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.
- Our map makes it super easy to find a Bitcoin ATM near you
- Bitcoin ATMs often have 5-10% fees per purchase
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Chapter 1
Bitcoin & Cryptocurrency Trading in Brazil
Bitcoin is legal in Brazil, and there are no restrictions on individuals buying, selling, or using cryptocurrencies for non-criminal purposes.
Brazil's Central Bank has twice outlined its regulatory position on Bitcoin and other digital assets. The Bank warned of the speculative nature of cryptocurrency trading (particularly pertinent in November 2017 when the second statement was released) and the risks inherent to self-custody of funds.
4. Companies that negotiate or store so-called virtual currencies on behalf of users, natural or legal persons, are not regulated, authorized or supervised by the Central Bank of Brazil. In the legal and regulatory framework related to the national financial system, there is no specific provision on virtual currencies. The Central Bank of Brazil, in particular, does not regulate or supervise transactions with virtual currencies.
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7. Although virtual currencies have been the subject of international debate and manifestations by monetary authorities and other public authorities, the need to regulate these assets has not been identified to date. In Brazil, for the time being, there are no relevant risks for the National Financial System.
8. Finally, the Central Bank of Brazil affirms its commitment to support financial innovations, including those based on new technologies that make the financial system more secure and efficient.
The Brazilian authorities are warning users that crypto is an "at your own risk" type of game. If you're willing to accept the risks in exchange for the independence and opportunities that Bitcoin offers, read on to find out more about Bitcoin in Brazil.
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Chapter 2
Top Bitcoin & Cryptocurrency Exchanges in Brazil
- Popular Exchanges to Buy Bitcoin & Crypto in Brazil
- eToro
- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Clean & easy trading interface
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
- Coinmama
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
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Chapter 3
Best Bitcoin Wallets for Brazil
There are three main types of Bitcoin wallet and all of them are supported in Brazil:
- Software (desktop or mobile - iOS and Android wallets
- Hardware wallet
- Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.
Best for Security
Ledger Nano X
Secure storage for any cryptocurrency
Visit WebsiteThe Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Temporary Wallet
Atomic Wallet
Best for storing crypto for short period of time
Learn MoreAtomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.
Best for Desktop
Electrum
Simple yet powerful desktop wallet
Learn MoreElectrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.
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Chapter 5
Exchange Hacks and Crypto Scams in Brazil
As with any new and easily misunderstood technology - especially one that has shown tremendous investment returns over the last decade - there have been a range of scams and hacks in Brazil relating to Bitcoin.
One recent scam involved fraudsters contacting their marks via social media, who they then attempted to convince to invest in Bitcoin. The scam's 5,000 victims were promised daily returns of three to four percent - too good to be true. When the "investors" tried to withdraw their funds, the scammers simply disappeared.
Police allege that they stole as much as BRL$1.5 billion (US$ 350 million). Perhaps that's why they took 50 SWAT officers, 20 vehicles, and a helicopter with them when they arrested the alleged scammers in December 2019.
In light of the rampant cryptocurrency scams in Brazil, the government opened a formal inquest into the problem in October 2018.
A contributing factor was the August 2018 hack of Atlas Quantum, at the time Brazil's largest crypto exchange. The hack exposed the personal information of more than 264,000 customers, including names, phone numbers, mail addresses, and account balances.
User funds, however, were not touched. Atlas Quantum released a statement on Facebook confirming the hack and promising to initiate a full investigation.
Still, the hack did little to improve consumer confidence in an industry that has faced its fair share of obstacles in Brazil.
These exchange hacks and crypto scams underscore the importance of doing your due diligence on exchanges and investment opportunities, as well as holding your own private keys. Centralized exchanges all have centralized points of failure, an ironic feature considering that Bitcoin is built on a model of trustless decentralization. Allowing others to purchase cryptocurrency for you, especially cold-callers you have never met, is a surefire way to lose your money.
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Chapter 6
FAQ
Does Coinbase work in Brazil?
Coinbase - one of the world's largest exchanges and up there with the best for beginners - is available in Brazil.
However, Brazilian users can only convert between cryptocurrencies on Coinbase. It is not currently possible to buy or sell using fiat currency.
See above for a list of platforms that function as fiat on/off-ramps as well as cryptocurrency exchanges.
Where Can I Find a Bitcoin ATM in Brazil?
Bitcoin ATMs are a convenient way to buy and sell Bitcoin and other cryptocurrencies for cold hard cash. This method usually incurs relatively high (~5-10%) fees, but that's the price to be paid for the convenience of getting cash for your Bitcoin in less than half an hour.
Many ATM operators publish live prices for their machines, so you can see the exact rate you'll get before even visiting the ATM.
Some will require you to complete identity verification, though for many this is as simple as confirming a phone number.
Sometimes, you'll need to do a little more digging to find a Bitcoin ATM close to you.
Coinwise, a Brazillian company, has three Bitcoin ATMs open to the public in Brazil:
- Recife: Shopping Paço Alfândega, at CoinWISE headquarters.
- Fortaleza: Shopping Aldeota, in the Arte & Papel store.
- Camaçari: Boulevard Shopping Camaçari.
Coinwise is expanding and plans to have more ATMs available soon.
Airbitz has a list of Bitcoin ATMs and businesses that accept BTC and other cryptocurrencies as payment. It lists a further two Bitcoin ATMs in Brazil, one at the co-working space Lab89 in São Paulo, and another at Shopping Nações Unidas at the World Trade Center, also in São Paulo.
What is the Price of Bitcoin in Brazil?
The current price of Bitcoin in Brazil is R$60,040, however this amount changes every minute, so always check the value on your local exchange.
The best way to check the price of Bitcoin in Brazil is to go the your exchange of choice and check the price in your local currency that Bitcoin last sold for. The price of an asset is just this - the value of the compensation for which it was most recently exchanged. This price differs across markets, i.e. one exchange may have a slightly lower or higher price depending on varying barriers to entry and liquidity. So, the price that most matters is the one you can actually trade at. This is most likely to be the price on the exchange you use the most.
See above for a list of the best Bitcoin exchanges in Brazil.
There are also a range of websites such as CoinMarketCap and Nomics that list the prices of hundreds of digital assets, drawn from a range of exchanges and averaged out.
How Do I Send Money To and From Brazil With Bitcoin?
Bitcoin - as an unconfiscatable digital asset that is accessible wherever there is internet - is ideal for remittances. In fact, Bitcoin can even be accessed without an internet connection, with satellites providing access to the network independent of local internet infrastructure.
The process of sending Bitcoin from one address to another is identical regardless of where the sender and recipient are located. There are no extra steps required that make sending Bitcoin internationally any different to sending it next door.
Likewise, the blockchain fee you will need to pay in order to have your transaction sent is the same, whether you're sending to the other side of the world or just another of your own wallets.
Check out our guide on how to send a Bitcoin transaction.
You can also watch this video to get an idea of what the process is like.
Who is Buying Most of the Bitcoin in Brazil?
Bitcoin is popular in Brazil and the country is the largest market for cryptocurrency in South America. In April 2019, Brazil set the record for most Bitcoin traded in a single day in Latin America, with over 100,000 BTC changing hands.
According to Coin.Dance analytics, between 1.5 and 2.5 million BRL worth of Bitcoin is traded each week on the peer-to-peer exchange LocalBitcoins.
Due to Bitcoin's pseudonymous nature, it's difficult to tell exactly who is purchasing most of the Bitcoin in Brazil, but it's clear that there is strong demand for the cryptocurrency. This may be due to the recent economic slump Brazil has been experiencing, which drives demand for harder currencies than the national fiat.
