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When choosing a cryptocurrency exchange, it is crucial to consider factors surrounding security, supported assets, fees, and payment methods.

Therefore, for someone who is entirely new to the crypto market, finding the right provider can be an overwhelming task.

In this guide, we compare the overall best crypto exchanges in Brazil to ensure that an informed decision can be made.

The Best Crypto Exchanges in Brazil for 2022

After evaluating the many different providers in this space, we found the following platforms to be the best Brazil crypto exchanges for 2022:

  1. eToroOverall Best Crypto Exchange in Brazil
  2. Crypto.com – Open a Crypto Savings Account in Brazil
  3. Bitstamp – Crypto Exchange in Brazil for Experienced Traders
  4. Coinbase – Top Bitcoin Exchange for Newbies
  5. Binance – Best Crypto Exchange for Trading
  6. Mercado Bitcoin – Largest Brazilian Crypto Exchange
  7. Gemini – Top Crypto Exchange for Advanced Trading
  8. Nox Bitcoin – Invest in Crypto Baskets in Brazil

We have included detailed reviews of the above Brazilian Bitcoin exchanges below – so that our readers can make an informed decision on which platform to select. 

The Top Bitcoin Exchanges in Brazil Reviewed 

When searching the internet for the best crypto exchange in Brazil, dozens of options will be listed.

After all, the cryptocurrency market has skyrocketed in recent years, and an increasing number of platforms have started offering access to digital assets.

So, to make things easier, below we offer reviews of the best Brazil crypto exchanges that offer well-rounded services to investors and traders of all budgets and skill levels.

1. eToro – Overall Best Crypto Exchange in Brazil

eToro logo

eToro is not only one of the safest Bitcoin exchanges in Brazil, but it is also very cost-effective for those looking to buy Bitcoin in Brazil. This broker has over a decade of experience in the online investment space and is regulated by top-tier financial authorities. It holds licenses from governing bodies in the US, UK, Australia, and Cyprus. 

Moreover, eToro facilitates both crypto-to-crypto and crypto-to-fiat trading in Brazil. Users of this brokerage platform can fund their accounts by carrying out a bank transfer or with a credit/debit card. eToro also accepts e-wallets like PayPal and Skrill.

One of the most appealing aspects of eToro is that it offers access to Copy Trading. This feature allows customers to trade passively, by copying another investor’s positions on the platform. Additionally, eToro has also set up fully-managed baskets of digital assets – which makes it possible for investors to diversify easily, without having to do any of the leg work.

etoro crypto

eToro lays out a collection of over 60 cryptocurrencies for its users. The broker also lists other financial assets – which include international stocks, ETFs, commodities, indices, and forex. The fee for buying and selling cryptocurrencies via eToro is only 1% plus the market spread.

Furthermore, users will be able to start investing in cryptocurrencies via eToro with just $10 (about 50 BRL). This makes it incredibly affordable for investors to create a diversified portfolio of digital assets. The crypto exchange also comes with its own proprietary mobile app, which can be downloaded for free.

eToro is also the best crypto exchange in Brazil for beginners. It offers a wealth of resources, including what’s called the eToro Academy, to help novices learn the ropes of crypto trading. Moreover, eToro is a social trading platform, meaning, users can interact with each other and share their thoughts on the market.

Number of cryptocurrencies 60+
Debit card fee 0.5%
Fee to trade crypto 1% + market spread
Minimum deposit $200 (about 1,000 BRL)

Pros

  • Global crypto exchange regulated on multiple fronts
  • Transparent and low fee structure
  • Minimum investment to buy crypto is only $10
  • Passive investment tools including a Copy Trading feature
  • 60+ tokens supported
  • Accepts debit/credit cards and e-wallets

Cons

  • Not support for third-party trading platforms like MT4

Cryptoassets are a highly volatile unregulated investment product.

2. Crypto.com – Open a Crypto Savings Account in Brazil

crypto.com logo

Crypto.com is another exchange that offers multiple layers of security. It has a solid infrastructure and employs different techniques such as offline cold storage for crypto and regulated custodial bank accounts for fiat currencies.

It also allows its users to enable multi-factor authentication with a smartphone, email, and biometric verification. Security is not the only strong suit of Crypto.com. The platform comes with a wide selection of over 250 cryptocurrencies.

Its web-based crypto exchange also features real-time order books, support for derivatives such as futures, and offers leverage of up to 10x. Users will only pay up to 0.40% in commissions, depending on the volume they trade. To offer incentives, Crypto.com has launched its own native coin, the CRO token.

Crypto.com

Those who hold this token can benefit from lower fees and higher interest rates on Crypto.com’s savings accounts. This way, investors can generate a passive income of up to 14.5% on stablecoins, and 6% on Bitcoin. Other noteworthy features of this platform include crypto loans, prepaid Visa cards, and an NFT marketplace.

Crypto.com also has a non-custodial Defi wallet, which is compatible with 690 digital assets. Those who wish to buy cryptocurrencies directly can do so via Crypto.com’s mobile app. The platform accepts deposits via a bank transfer and credit/debit cards. However, bear in mind that the latter payment method comes with a fee of 2.99%.

Number of cryptocurrencies 250+
Debit card fee 2.99%
Fee to trade crypto Up to 0.40%
Minimum deposit $20

Pros

  • Over 250 cryptocurrencies to choose from
  • 100+ trading pairs with BTC
  • Low commission and trading fees
  • Staking and interest-earning options on cryptocurrencies

Cons

  • Need CRO to maximize interest rate on savings accounts 

Cryptoassets are a highly volatile unregulated investment product.

3. Bitstamp – Crypto Exchange for Experienced Traders

Bitstamp logo

Bitstamp is a Luxembourg-based company, with crypto trading options for both beginners and advanced traders. It is easy to use for novices, with a straightforward interface to buy digital assets. Professional traders can turn to Bitstamp’s TradeView integration, which offers real-time insights into the markets.

This also comes with a range of analytical tools, and multiple order types. What makes Bitstamp most attractive to users is its simple pricing structure. The platform charges up to 0.50% for trading, with a minimum stake requirement of just $10 (around 50 BRL). This fee can be brought down further by increasing the trading volume.

However, users who want to fund their crypto purchases with a debit/credit card are looking at a hefty fee of 5%. Moreover, international wire transfers from Brazil are also charged a deposit fee of 0.05%.

Bitstamp

Bitstamp also supports crypto staking on its platform. At the time of writing, this service is offered only for Ethereum 2.0 and Algorand – with APRs of 4.39% and 5%, respectively. The platform is also accessible via its dedicated mobile app, which comes integrated with all the features we discussed here. 

In terms of security, Bitstamp has implemented a multi-sig technology for its hot wallet. However, it keeps the majority of the clients’ digital funds offline, in cold storage systems. In total, Bitstamp lists over 70 digital assets on its exchange, which translates into 155 tradable markets.

Number of cryptocurrencies 70+
Debit card fee 5%
Fee to trade crypto Up to 0.50%
Minimum deposit $10

Pros

  • Trading fee of up to 0.50%
  • Advanced trading platform for seasoned pros

Cons

  • High fee to buy crypto with a credit card

Cryptoassets are a highly volatile unregulated investment product.

4. Coinbase – Top Bitcoin Exchange for Newbies

coinbase logo

Coinbase offers more than 170 cryptocurrencies, which include Bitcoin, Ethereum, Litecoin, plenty of stablecoins, and many popular DeFi tokens. It packs tons of features for investors and traders, including Bitcoin loans, Visa cards, and one of the best self-hosted wallets.

There is even a Coinbase account that lets users collect crypto rewards in return for taking online investment courses. For this reason, Coinbase is perhaps the best crypto exchange in Brazil for beginners. Additionally, this platform is extremely user-friendly and offers several learning resources for newcomers.

However, the platform also features another option, Coinbase Pro, for professional traders. Coinbase Pro users can take advantage of advanced features such as charting tools and real-time order books, as well as automated trading. The platform is also available in the form of a mobile app, downloadable on both Android and iOS devices.

Buy Crypto on Coinbase

It also has a range of services for institutional traders, such as crypto custody, and direct access to the exchange. Coinbase also offers users in Brazil a few different ways to buy crypto. Customers can choose between a debit/credit card or a bank account transfer.

With that said, Coinbase is also infamous for its high fees – the platform charges 3.99% for investments processed via credit/debit cards. Moreover, Coinbase is also expensive when it comes to trading commissions. It levies a standard fee of 1.49% for buying and selling cryptocurrencies.

However, the platform also has top-notch security, holding 98% of its customers’ funds in cold storage – meaning, they are held offline, away from the reach of hackers.

Number of cryptocurrencies 170+
Debit card fee 3.99%
Fee to trade crypto 1.49%
Minimum deposit $50 recommended by the platform

Pros

  • One of the best Brazil crypto exchanges for beginners
  • Good selection of supported coins
  • High security

Cons

  • High fees for trading cryptocurrencies 

Cryptoassets are a highly volatile unregulated investment product.

5. Binance – Best Crypto Exchange for Trading 

While the likes of eToro and Crypto.com are great choices for investors, Binance might be the best Bitcoin exchange in Brazil for day traders. This is because the platform gives access to over 600 cryptocurrencies and more than 1,000+ trading markets.

On top of this, Binance also charges the lowest trading commissions in Brazil – at just 0.10% per slide. With that said, Binance is perhaps still suitable for HODLers. This is because the platform offers multiple ways for investors to buy cryptocurrencies in Brazil. Binance lets its customers top up their Binance wallet directly with Brazilian real.

Alternatively, users can fund their purchases with a credit/debit card – however, this can cost up to 2% in fees. On the other hand, depositing funds via a bank transfer is processed fee-free. Binance also has a P2P marketplace where customers can purchase cryptocurrencies with a variety of payment methods, including AirTm, Tinkoff, bank slips, and more.

Binance home

The platform also offers traders access to futures, leveraged tokens, and other advanced products. Some of the other services offered by Binance include crypto staking, yield farming, loans, and lending services. It also facilitates margin and strategy trading on its exchange.

All that aside, Binance is certainly not the best Brazilian crypto exchange for beginners. The platform is not particularly user-friendly, especially when compared to eToro or Coinbase. It can also be a bit complicated to use for those who do not have any experience in trading digital assets. 

Number of cryptocurrencies 600+
Debit card fee Averages 2%
Fee to trade crypto Up to 0.10%
Minimum deposit Depends on payment type

Pros

  • Over 600 cryptocurrencies supported
  • Low commission and trading fees
  • Offers crypto futures and options

Cons

  • Not suitable for beginners

Cryptoassets are a highly volatile unregulated investment product.

6. Mercado Bitcoin – Largest Brazilian Crypto Exchange

Logo Mercado Bitcoin

Established in 2013, Mercado Bitcoin has emerged as one of the most trusted exchanges in Brazil. The platform comes with a long list of digital assets, including cryptocurrencies, utility coins, and fan tokens. It has also integrated an NFT marketplace for Brazilians.

The main advantage of Mercado Bitcoin is that it allows users to fund their account with Brazilian real. The payment can be made via a bank transfer. Moreover, there are no deposit fees levied for fiat currency transfers.

Mercado Bitcoin features two different interfaces for beginners and traders. Novices will appreciate the simple dashboard, allowing them to buy and sell cryptocurrencies without any unnecessary bells and whistles. On the other hand, experienced users can access the advanced trading platform that comes with order books and margin trading.

Mercado Bitcoin

As with most other exchanges, Mercado Bitcoin follows a maker-taker fee structure. The fee for takers can go up to 0.70% per slide, and for makers, it comes to 0.30%. The charges can be reduced by up to 95% by increasing the trading volume.

For those who are new to the crypto market and need some guidance, Mercado Bitcoin has also set up a sister platform called MezaPro to offer personalized support. It also comes with a handy mobile app, that can be protected by adding two-factor authentication with biometrics.

Number of cryptocurrencies 120+
Debit card fee N/A
Fee to trade crypto Up to 0.70%
Minimum deposit 50 BRL

Pros

  • Advanced trading tools
  • Access to fan tokens
  • Supports local deposits via bank transfer

Cons

  • Does not support credit/debit card payments

7. Gemini – Top Crypto Exchange for Advanced Trading 

Gemini

Gemini is another crypto exchange in Brazil that offers a wide variety of services for individuals as well as institutions. For traders, it features multiple platforms, including the Gemini web exchange and ActiveTrader. These come with useful trading tools, indicators, and charts.

On the other hand, long-term investors can set up recurring purchases of their favorite digital tokens via automated tools. The platform supports over 75 cryptocurrencies and even has its own native stablecoin, the Gemini dollar. Furthermore. Gemini takes the security of its exchange seriously.

It has a separate cold storage system for cryptocurrencies and encourages users to implement two-factor authentication. This crypto exchange also offers staking facilities with an APY of up to 8.05% on digital assets. Some of the other useful features of this platform include Gemini Custody, Gemini Pay, and a Visa Card.

Gemini

The latter allows users to pay for goods and services with crypto and receive cashback rewards. Gemini allows its users to fund their account with a credit/debit card and bank transfer. Debit/credit card transactions come with an added cost of 3.49%. In addition to this, customers will also have to pay trading fees – which vary depending on the stake amount.

The fee structure on Gemini can be very confusing. For instance, charges change depending on whether investors are using the web platform, the mobile app, or ActiveTrader. However, it doesn’t have an account minimum for fiat deposits.

Number of cryptocurrencies 75+
Debit card fee 3.49%
Fee to trade crypto Varies for trades under $200, 1.49% for trades over $200
Minimum deposit $0

Pros

  • Advanced trading tools
  • Very secure wallet service
  • Regulated in the US – so safety is assured

Cons

  • Complex fee structure
  • High fees to buy crypto

8. Nox Bitcoin – Invest in Crypto Baskets in Brazil 

logo nox

Those who prefer a Brazilian crypto exchange might be attracted to Nox Bitcoin, for its simplicity and innovation. This platform provides its services via the Nox app and supports 27 different cryptocurrencies. It also accepts payments directly in Brazilian real, making it a convenient platform for users in the country. 

There are a few aspects that make Nox Bitcoin one of the best crypto exchanges in Brazil. Unlike other providers, Nox Bitcoin does not act as an intermediary. This means that it does not seek liquidity from its users. This means that the listed price of cryptocurrencies on the platform includes the commission.

Hence, there are no additional trading fees that investors need to be concerned about. In other words, users will receive exactly what they pay for. Similarly, customers do not have to pay any deposit fees for funding their account with cryptocurrency or Brazilian real.

Nox Bitcoin

Furthermore, Nox Bitcoin features crypto baskets for altcoins, gaming, and DeFi tokens. Users simply have to choose the amount they wish to invest alongside the preferred basket, and Nox Bitcoin will handle the rest. Crucially, investors will be able to specify the risk exposure they are comfortable with.

Nox Bitcoin has gone above and beyond to offer excellent customer support, accessible via email and Whatsapp. That being said, one of the significant disadvantages of Nox Bitcoin is that it does not support credit/debit card payments. If this is something that the user requires, eToro supports Visa and MasterCard deposits at a fee of just 0.5%.

Number of cryptocurrencies 27
Debit card fees N/A
Fee to trade crypto Built into the exchange rate
Minimum deposit 50 BRL

Pros

  • Supports crypto investment baskets
  • Local Bitcoin exchange for domestic users

Cons

  • Supports only 27 cryptocurrencies 
  • No support for debit/credit cards

The Best Brazil Crypto Exchanges Compared

Below, we have compiled the key points to keep in mind when choosing the best Brazil crypto exchange from our above reviews. 

Crypto Exchange Number of Cryptos Debit Card Fee Fee to Trade Crypto Min Deposit Accepted Payment Methods
eToro 70+ 0.5% 1% + Market Spread $200 Credit/debit cards, bank transfers, e-wallets
Crypto.com 250+ 2.99% Up to 0.40% $20  Credit/debit cards, bank transfers
Bitstamp 73 5% Up to 0.50% $10  Credit/debit cards, bank transfers
Coinbase 170+ 3.99% 1.49% $50 Debit/credit cards, bank wire
Binance 600+ Averages 2% Up to 0.10% Depends on the payment type Debit/credit card, bank wire, AirTm, Tinkoff, and others
Mercado Bitcoin 120+ N/A Up to 0.70% 50 BRL Bank transfers
Gemini 75+ 3.49% Varies for trades under $200, 1.49% for trades over $200 $0 Credit/debit cards, bank transfers
Nox Bitcoin 27 N/A N/A 50 BRL Bank transfers

How to Choose the Best Brazil Cryptocurrency Exchange for You

Many new investors do not realize that the crypto exchange they choose will impact how easily they can buy and sell digital assets as well as the profitability of their trades. Crucially, the chosen provider will also determine the safety of the investment.

In other words, selecting the best Bitcoin exchange in Brazil should be one of the crucial steps on the agenda of a crypto trader.

Here are some metrics that will help beginners pick the right platform. 

Regulation

Security is, by far, the most important concern when selecting a crypto exchange in Brazil. If a platform does not take its security seriously, users might be risking the safety of not only their funds but also their personal data.

In this regard, we would suggest that investors stick with a regulated broker. From our research, eToro fits this bill perfectly, as it is licensed by multiple financial authorities – including the SEC and the FCA.

Tradable Cryptos 

Investors should also explore what crypto markets are supported by an exchange. For example, for those who wish to diversify, it is best to use a provider that gives access to lots of digital assets.

eToro crypto

Similarly, crypto traders should also consider what pairs are available at their disposal. For instance, the majority of the best cryptocurrency exchanges discussed today allow traders to swap digital assets for Bitcoin or stablecoins such as USDC or USDT.

All in all, eToro is the best platform for diversifying. Not only is the minimum stake just $10 per trade, but eToro supports 70+ cryptocurrencies at low fees.

Sign-up Offers

Users might also want to consider whether they are eligible for any sign-up bonuses offered by crypto platforms. However, if doing that, be sure not to compromise on other factors such as security and fees for a small reward in return.

Instead, look for credible platforms that offer other incentives such as referral bonuses. Top crypto exchanges in Brazil – such as eToro, offer rewards for bringing in new users to the platform.

Fees

Fees should also be a major key consideration when choosing the best crypto exchange in Brazil.

  • Those who are hoping to make investments with fiat currency should compare the charges for debit/credit card transactions and bank transfers.
  • This is of utmost importance since fees on fiat currency payments can go as high as 5% on Brazilian Bitcoin exchanges.
  • That being said, there are also brokers such as eToro that charge only 0.5% for fiat deposit methods.

Moreover, traders will also want to evaluate the fees for swapping cryptocurrencies. We found Crypto.com to offer one of the lowest trading commissions in Brazil, at a maximum of 0.40% per slide.

Tools & Features

For investors merely looking to buy cryptocurrencies and HODL, the priority might go to low deposit fees and user-friendliness.

However, advanced traders will want to look for charting tools, different order types, technical indicators, and other features.

eToro copy trading

eToro offers a good combination of both, providing features for beginners as well as experienced traders. It also has other useful tools such as Copy Trading and Smart Portfolios that can make the process of investing easier.

Payment Methods

The most common payment methods accepted by cryptocurrency exchanges include debit/credit cards and bank transfers.

Users should consider which mode of payment they prefer and whether their chosen provider supports it.

  • For instance, Nox Bitcoin is one of the most popular cryptocurrency exchanges to accept Brazilian real via bank transfers.
  • However, it does not support credit/debit card payments, which makes it challenging to make instant purchases.

With that said, some exchanges that support credit/debit card payments also charge a hefty processing fee. For example, Bitstamp charges 5% on Visa and MasterCard payments.

In comparison, a platform like eToro offers a variety of payment methods, including e-wallets, and charges a standard deposit fee of 0.5% across all options.

Customer Service

The crypto markets are active 24/7. Therefore, it is best to choose an exchange that offers customer support around the clock.

Some of the best Brazil crypto exchanges discussed today provide customer support via email and live chat. Users might also be able to connect to the platform via social media – such as Facebook.

How to Use a Brazilian Crypto Exchange 

To conclude this guide, we offer a step-by-step breakdown of buying digital assets with the best crypto exchange in Brazil – eToro.

Step 1: Open a Free Account at eToro

Opening an account on eToro should take no more than a couple of minutes.

New users can head over to eToro’s website and get started by clicking on the ‘Join Now’ button. The first step is to provide an email address and a chosen username, along with a password for the account.

etoro review

After confirming the email address, users will also have to submit some personal information – such as a first and last name, date of birth, address, and phone number.

Step 2: Upload ID

eToro also requires its users to supply a copy of their identity document. This can be a copy of a valid passport or driver’s license.

Additionally, eToro also needs a copy of a bank statement or utility bill that can verify the address of the user. The verification process is automated and will be completed near-instantly.

Step 3: Deposit Funds

The minimum deposit for Brazilian uses is $200 on eToro. This comes to around 1,000 BRL.

To deposit money into the eToro account, users can transfer funds from their bank, or provide their credit/debit card details.

eToro deposit

eToro also partners will e-wallets such as PayPal for added convenience.

Moreover, bear in mind that the primary currency on eToro is US dollars. Therefore, when funding an account with Brazilian real, users will have to pay a 0.5% FX fee.

Step 4: Find Crypto 

Users can now use the search box at the top of the screen to find the trading page of their chosen cryptocurrency.

Simply enter the name or symbol of the crypto and eToro will instantly display the result.

buy Bitcoin on etoro

Click on the ‘Trade’ button to populate an order box.

Those who wish to gather more information on the specific crypto can simply tap on the result, and eToro will bring up the market statistics and news feed related to the digital asset.

Step 5: Buy Crypto 

Next, an order box will appear on the screen – as in the image below.

Here, the ‘Amount’ box is for investors to enter the size of the crypto investment. As noted earlier, the minimum investment is $10 (around 50 BRL).

buy bitcoin etoro

Click on the ‘Open Trade’ button to place the buy order. The tokens will then be transferred into the secure eToro web wallet.

Are Crypto Exchanges Legal in Brazil?

There are lots of cryptocurrency exchanges operating in Brazil. And up until recently, there was no regulatory framework in Brazil for digital assets or crypto providers.

However, in April 2022, Brazil passed a bill to regulate cryptocurrencies in the country. The guidelines for regulation are not yet formulated, but this might have implications for the current crypto arena in Brazil.

Nevertheless, the country has adopted a welcoming attitude towards cryptocurrencies. For instance, it plans on exempting Bitcoin miners from import taxes on the required hardware to encourage them to choose Brazil for their business.

Crypto Tax in Brazil

As of May 2022, those who hold cryptocurrencies in Brazil are liable to pay capital gain taxes. This applies to all investors who trade more than 35,000 BRL (approximately $7,100).

Moreover, investors will have to pay tax even if there was no conversion to the Brazilian real. For instance, swapping Bitcoin for Ethereum, or Litecoin to Tether would incur a tax.

Crypto taxes in Brazil are complex. And therefore, we urge investors to consult a tax professional before coming to any conclusions.

Conclusion

Cryptocurrencies are emerging as one of the most popular investment assets in Brazil. Today, there are dozens of platforms offering access to digital assets – however, only a few offer a secure and reliable service.

In our view, the best option to buy cryptocurrencies in Brazil is eToro.

This online broker lets users get started in a couple of minutes and supports a variety of payment methods. Moreover, users will be able to buy and sell cryptocurrencies in fractional quantities from just $10 (50 BRL).

etoro logo

Cryptoassets are a highly volatile unregulated investment product.

FAQs

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