Buy Crypto & Bitcoin in Venezuela

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  • Popular Exchanges to Buy Crypto & Bitcoin in Venezuela
  • Coinmama exchange logo
    Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
    BUY NOW at Coinmama's Secure Site
  • cexio exchange logo
    CEX.io
    • Support for many countries and regions
    • SEPA & credit card supported
    • Trusted exchange around since 2013
    BUY NOW at CEX's Secure Site

eToroeToro
Buy Now at eToro's Secure Site

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

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.

Pros
  • Offers unique copy trading feature
  • Trusted exchange that has been active in traditional finance
  • Interface is clean and easy to use
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
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Buy Now at Coinmama's Secure Site

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Now Read Review

Buy Now at Paybis's Secure Site

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.

Pros
  • 24/7 live support
  • Extremily high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods
Cons
  • No traditional orderbook for advanced traders
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now

Buy Now at Kraken's Secure Site

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. Users can buy bitcoin, ethereum, dogecoin and dozens of other coins.

Pros
  • 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
Cons
  • Requires ID verification, so not private
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now

Buy Now at LocalBitcoins's Secure Site

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.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • 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
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Ease of Use
Hard
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Privacy
High
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
Average
Buy Now Read Review

Buy Now at Bitcoin Venezuela's Secure Site

To buy bitcoins with Bitcoin Venezuela, find a trade partner in the Bitcoin Venezuela Facebook group. Venezuela's Bitcoin exchanges are often shut down by the government so trading in person can be a good option.

Pros
  • Trading privately in person, not online via bank transfer
Cons
  • Due to Venezuela's economic situation, fees may be high or rates bad
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Ease of Use
Easy
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Privacy
High
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Now

Buy Now at SurBitcoin's Secure Site

SurBitcoin was the first Bitcoin exchange in Venezuela. It now facilitates and secures private trades between bitcoin buyers and sellers. The only payment method is to deposit funds to a bank account.

Pros
  • Payments from the same bank can clear within a few hours
  • Trusted and verified traders may receive bitcoins without waiting for deposit confirmation
Cons
  • Government may shut down exchange or halt trading unpredictably
  • Payments from different banks can take up to 2 working days to clear
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now

Buy Now at CryptoBuyer's Secure Site

Cryptobuyer is a Bitcoin exchange in Venezuela which lets you buy bitcoins online via national bank transfer, credit card, or national debit card. They also allow you to buy Amazon Gift Cards or top up your phone's airtime with bitcoin.

Pros
  • Possible to buy bitcoin online in Venezuela
  • No limits on bitcoin sales
Cons
  • Government may shut down exchange or halt trading unpredictably
  • Not private; identity verification required
  • Buying limit of 50,000 VEF for credit/debit cards
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Ease of Use
Average
privacy icon
Privacy
Low
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Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now

AirtmAirtm
Buy Now at Airtm's Secure Site

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.

Pros
  • Many payment methods available
  • Low fees for South American countries
Cons
  • Not private since identity verification is required
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Bitcoin ATMs's Secure Site

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%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Now

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Bitcoin & Cryptocurrency Trading in Venezuela


Venezuela is one of the most talked about countries in the world of Bitcoin. That is because Venezuela exemplifies everything that Bitcoin was created to protect against. It's no secret that Venezuela has experienced a tremendous amount of financial and societal instability over the past 20 years.

So what does this have to do with Bitcoin?

Bitcoin was created to limit the power that governments have over its people through the use of its money printing powers. While Bitcoin cannot stop governments from changing their constitutions or throwing its citizens in jail, it can give them an escape hatch when government spending and programs become insolvent and out of control.

In the past, if your government printed the economy into oblivion, there wasn't much you could do about it, except wait, hope the pain ended quickly, and that eventually the country would need to give up its own currency and adopt the currency of another country. Historically, this has meant the US dollar or the British Pound Sterling. However, if those currencies are no longer reliable or your government is delaying the inevitable, there was nothing you could do.

Today, however, Venezuelans have another option - Bitcoin. And increasingly, they are turning to it. Many stores and shops accept it openly, despite its illegality to do so. Many citizens mine it or buy it across the border in Colombia and Brazil at Bitcoin ATMs or on exchanges headquartered in other countries but targeting Venezuelans specifically.

If you want a good idea of how dire the situation is, you can see hundreds of people illegally crossing the border to Colombia below.


country image

Therefore, one of the easiest ways to buy Bitcoin in Venezuela is through cryptocurrency exchanges like SurBitcoin. 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.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $145
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $72
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $189
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $79

Another way to buy Bitcoins in Venezuela 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.


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Top Bitcoin & Cryptocurrency Exchanges in Venezuela


Venezuela has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Crypto & Bitcoin in Venezuela
  • Coinmama exchange logo
    Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
  • cexio exchange logo
    CEX.io
    • Support for many countries and regions
    • SEPA & credit card supported
    • Trusted exchange around since 2013

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Best Bitcoin Wallets for Venezuela



There are three main types of Bitcoin wallet and all of them are supported in Venezuela:

  • 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

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

zengo wallet logo

Zengo

Best for storing crypto for short period of time

More About
Zengo

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

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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Ethereum How to Buy Ethereum in Venezuela


Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Venezuela that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.


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Dogecoin How to Buy Dogecoin in Venezuela


Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

  • Exchanges in Venezuela that Support Dogecoin
  • eToro
    • Supports Dogecoin buying & selling
    • Coins supported:
    • Dogecoin btc eth ltc
    BUY Dogecoin NOW at eToro's Secure Site
  • Kraken
    • Supports Dogecoin buying & selling
    • Coins supported:
    • Dogecoin btc eth ltc
    BUY Dogecoin NOW at Kraken's Secure Site
  • Airtm
    • Supports Dogecoin buying & selling
    • Coins supported:
    • Dogecoin btc eth ltc usdt
    BUY Dogecoin NOW at Airtm's Secure Site

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.


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Litecoin How to Buy Litecoin in Venezuela


Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Venezuela that allow you to buy litecoin and other crypto assets for good exchange rates.


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Bitcoin Mining in Venezuela


For most of us, Mining Bitcoin just isn't profitable, or at least it is more profitable just to buy Bitcoin. However, if you live in a country where electricity is completely paid for by the government, then you can mine Bitcoin profitably at almost any price.

This is especially true if Bitcoin is an appreciating asset relative to your country's fiat money - which is very much so the case in Venezuela. In fact, despite Bitcoin's volatility, it is nothing compared to the waning purchasing power experienced by the Bolivar every single day.

For this reason, many Venezuelans are (and have been) mining Bitcoin if they can (whethor at home or at work or anywhere else). They risk going to jail, as it is illegal to mine Bitcoins or other cryptocurrencies in Venezuela, especially if you are using state-funded electricity to do it.


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Exchange Hacks and Crypto Scams in Venezuela


The Petro

venezuelan petro crypto logo

Not surprisingly in a country like Venezuela, the biggest scams are not run by small groups of sales teams in offices like in other countries. In Venezuela it is actually the government running the biggest crypto scam.

That scam is called the 'Petro'.

As you are probably aware of by now is that the Venezuelan Bolivar has experiences massive inflation over the years, especially in the time period that Maduro, the country's current president, has taken control. The result has been unprecedenteed civil unrest in a country that was, not long ago, considered the wealthiest nation in all of South America.

After printing Bolivars to point of being nearly worthless, with inflation rates exceeding 40,000% year-over-year in 2019, the Maduro regime wanted a fresh start to their currency. In 2017, the regime announced that they would not only be slashing 5 zeroes off of each Bolivar billin circulation (a move that had been tried before by Maduro's predecessor, Hugo Chavez), but they would also be offering a new 'cryptocurrency' called the Petro, backed by the countries oil reserves.


venezuela petro logo

The international community (and the people of Venezuela themselves) balked at the idea that such a cryptocurrency would ever work or that the maduro regime would ever make good on a crypto "backed by oil". No one actually believed that if one bought these Petros, he could exchange them in return for delivery of crude.

And that is really what this scam (and all the other Maduro regime ploys) are all about. Make promises to raise money today and that the regime has no plan on keeping tomorrow.

The Petro, predictably, was a huge flop, and it did nothing to relieve the desperate situation that Venezuelans find themselves in today. As Wired writer Katia Moskvitch put it:

[The Petro is] a currency backed by a cryptocurrency backed by petroleum. To put it bluntly: it’s a scam on top of another scam.

katia moskvitchKatia Moskvitch Writer, Wired

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FAQ


Does Coinbase work in Venezuela?

Coinbase does NOT support customers in Venezuela as of September of 2020.


Where Can I Find a Bitcoin ATM in Venezuela?

There is only 1 Bitcoin ATM in Venezuela, and it is located in th Traki Store in the Venezuelan Capital of Caracas on Casanova Avenue.

Use our Bitcoin ATM finder tool to get more info on that ATM.

What is the price of Bitcoin in Venezuela?

Calulating the Bitcoin price in Bolivars is difficult since there is the govenrment mandated exchage rate to US dollars and the real exchange rate that the market actually demands. If you look at the image below, you will see the 'official' exchange rate, but no one will acutally accept it if you want to buy bitcoin. The real number is in the millions of Bolivars. The best way to find the real exchange rate is to use something like Localbitcoins.com and see what the sell offers are.

For an accurate USD price of bitcoin, check out our Bitcoin price page.

How do I cash out of Bitcoin in Venezuela?

Any exchange with a Euro trading pair will allow you to sell your Bitcoin for fiat currency. Bitpanda has EUR trading pairs for many popular coins.

As mentioned previously, you can also use automated teller machines (ATMs) to buy Bitcoin.

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.

About the Author: Jordan Tuwiner

author

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.