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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.
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.
Buda Buy Now Buda is a Bitcoin exchange for Chile, Peru, Argentina and Colombia, backed by investors from the United States. You can fund your exchange account using online bank transfer in all four countries. Cash can be used in Peru and Colombia. Funds are usually available within 3 hours if the transfer is made during the week during working hours.
Paybis Buy Now Paybis is a popular & cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.
Yaykuy Buy Now Yaykuy is a Bitcoin broker based in Chile. The service is easy to use: you create an order for however many bitcoins you want, Yaykuy will then quote a price for your purchase. You then make an online transfer to their bank account. Once the deposit is confirmed, which usually happens within 24 hours, you'll receive your bitcoins.
Airtm 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.
Bitex 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.
SatoshiTango Buy Now 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.
Bitcoin ATMs Buy Now 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%.
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Chile is exceptional in South America due to its high level of economic freedom and relatively stable economy. In 2010, Chile even joined the OECD, boasting the highest nominal GDP per capita in all of Latin America.
It's no wonder then why it is a major Bitcoin and crypto hub in South America. Due to Chile's independent judicial system, startups feel comfortable doing business and headquartering in Chile, which has been crusical for firms looking to jump into Bitcoin.
If you yourself live in Chile and have been wanting to dip your toes into the Bitcoin and crypto waters, then this is the page for you!
One of the easiest ways to buy Bitcoin in Chile is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Chile, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.
Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.
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Another way to buy Bitcoins in Chile is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin. You can locate Bitcoin ATMs in Chile using our Bitcoin ATM Map.
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Chile has access to many large Bitcoin and cryptocurrency exchanges.
Have a look at our favorites below:
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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There are three main types of Bitcoin wallet and all of them are supported in Chile:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.
Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.
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Buda.com, a Chilean crypto exchange, was accused by Itau bank of fraud. The bank accused Buda.com of creating a fake account in a person's name and withdrawing $26,000 for buying cryptocurrencies. Buda.com replied that it didn’t understand the accusations brought against it, since the identity theft took place within the bank.
In its defense, Buda.com also said that it shoudn't be responsible in any way just because the one who fraudulently withdrew the money from the bank wanted to purchase cryptocurrencies.
The Chilean Tribunal for the Defense of Free Competition ruled in favor of the cryptocurrency exchange.
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Citizens of Chile can convert and buy cryptocurrencies with fiat. Supported payment methods are:
Chile offers only two ATMs for its citizens to buy Bitcoins with Cash.
The current price of Bitcoin in Chile is CLP25,296,214.95, however this amount changes every minute, so always check the value on your local exchange.
Any exchange with a Chilean peso trading pair will allow you to sell your Bitcoin for fiat currency. Coinmama has CLP trading pairs for many popular coins.
Another way to sell Bitcoins in Chile is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private. You can locate Bitcoin ATMs in Chile using our Bitcoin ATM Map.
LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.
You could also use a service like eGifter to sell your Bitcoin for gift cards.
Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.
He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.
To learn more about Jordan, see his full bio.
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