Exchange Brazilian Real / BRL to Bitcoin and vice versa

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Compare your Top 3 Bitcoin Exchanges
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Provider
Pro and Contra
Has been hacked?
Fees
Security
Trading
Many Altcoins
80 80
Pro
  • Very low Fees
  • A myriad of coins to exchange with
  • No lags experienced with website
Contra
  • Does not accept bank payment methods
  • Customer support lacks phone
  • US customers are restricted
Has been hacked? Yes (on 7. May 19) Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
0.10%
Security Ok Trading
Futures? None
Derivatives? No
Margin Trading? No
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Easy to use
76 76
Pro
  • High liquidity
  • Integrated debit and credit cards
  • Newbie friendly
Contra
  • Major violations of users privacy
  • High Trading Fees for < $50k Trading / Month
  • Segwit still not supported ( = high TX fees )
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.50%-0.05%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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84 84
Pro
  • Safe and decentralized trading
  • Arbitrators
  • 2-out-of-3 multisig security in trades
  • Wide selection of FIAT and Crypto Currencies
Contra
  • They need more aggressive advertising
  • More active development
  • They need to team up with other companies
  • High fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.001% - 0.009%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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90 90
Pro
  • - many coins and payment method supported
  • - fee sharing model
  • - transparency about company background
Contra
  • - reliability of service is depending on the sellers on the platform
  • - too many options to choose from can paralyze users
  • - high crypto prices
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Free
Trading Fees:
0.70%-1.00%
Security Medium Trading
Futures? No
Derivatives? No
Margin Trading? No
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82 82
Pro
  • Low fees
  • A wide variety of payment methods and currencies accepted, at least in theory
  • Easy to join and get going
Contra
  • Mixed reviews
  • Slow customer support
  • High commissions charged (by the seller) for buying Bitcoin with uncommon methods or in non-mainstream currencies
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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Supports PayPal
78 78
Pro
  • Easy to get verified ( 2 factor authentication)
  • Accepts Credit Card and PayPal
  • 24 hr expected resolution through their help-desk
  • Referral program
Contra
  • Website is too plain (there are no charts and no transparency)
  • A good number of negative reviews about how they operate
  • Was hacked
Has been hacked? Yes, around January 2017 Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.10%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Easy to use website
  • Great features
Contra
  • Verification process is long
  • Focused on Argentinean market
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
$20
Trading Fees:
0.50%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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Easy & Private
64 64
Pro
  • Private and fast
  • Easy to Use
Contra
  • Need to keep an eye for scams
  • Not suitable for large buyers
  • Now ID verification is required
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • “Real” Decentralized Exchange
  • Anonymous
  • Account creation is fast and very easy (not required to complete KYC/AML)
  • Accepts Fiat payments
Contra
  • In Business only since 2016
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
Yes
Security Excellent Trading
Futures? None
Derivatives? No
Margin Trading? None
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80 80
Pro Contra
  • Problems with creating account (for people outside BR)
  • High trading fees
  • Account tiers
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
R$ 9.50
Trading Fees:
0.25% up to 0.50%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • Wallet Service
  • Reasonable deposit fees
Contra
  • Focused on the Brazilian market
  • High trading fees
  • No leveraged trading
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
1.99% + R$ 2.00
Trading Fees:
0.30%-0.70%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • Accepts Fiat and BTC deposits
  • Hot and Cold wallets
Contra
  • Unregulated
  • Only for Venezuelan Market
  • High fees
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
N/A
Trading Fees:
0.99% up to 1.59%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
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Best BRL / Bitcoin Exchanges

Brief History of BRL/BTC trading pair

South-America is not among the most bitcoin friendly zone in the world. Although currently, only four countries expressed explicitly that bitcoin itself is illegal, two of these: Bolivia and Ecuador are located in the Southern American continent. Brazil, in contrast, does not have a strong view on bitcoin. Moreover, the volume of BRL/BTC trading pair is growing month by month on the market.

BRL/BTC tradingThe daily trading volume of  BRL/BTC is about 150BTC per day. Although this might seem a relatively small amount compared to the global bitcoin trading volume, the number is growing continually during the past months due to the increasing interest towards cryptocurrencies. Currently, most of the trading activity is happening on the biggest local bitcoin exchange Mercado Bitcoin. Additionally users also frequently find traders on Local Bitcoins when engaging into selling and buying coins.

The Brazilian real is the official currency of Brazil. Brazil has the world’s ninth largest economy by nominal GDP. Between 2000 and 2012, Brazil was one of the fastest-growing economies in the world, with an average annual GDP growth rate of over 5%.

Exchange BRL to Bitcoin

Exchange BRL to bitcoinIf someone wants to exchange BRL to bitcoin, Mercado Bitcoin is usually the most popular place in the country where users turn to. The biggest Brazilian cryptocurrency exchange has over 300000 registered users. Founded in 2011 by now Mercado Bitcoin has been grown into an international exchange over the past couple of years.

Another option for users who wants to trade BRL against bitcoin is to use the Local Bitcoins platform. Traders from all over the country are available 24/7 to execute orders through cash, bank wire transfers or third party payment providers. Further bitcoin exchanges also exist on the market, however the liquidity and trading volume is relatively low compared to Mercado Bitcoin and Local Bitcoins.

 

BRL/BTC Country Specific Regulation: Bitcoin in Brazil

Trade Brazilian Real against BitcoinAccording to an official communication announced by the Brazilian Central Bank in 2014, bitcoin is not regulated in Brazil. That time they have explicitly stated that virtual currencies, as such they considered bitcoin are not treated the same way as electronic currencies. They have warned the general public that there is no issuing authority behind cryptocurrencies and the price volatility can be extremely high which involves significant trading risk. Nevertheless, the Brazilian Central Bank said they do not see bitcoin or other cryptocurrencies as a threat to the financial system of the country. This view is going against to the regulation applicable in other South American countries.

Recently, however, Brazil drafted a new regulation on online gambling that has been a gray area in the country so far. In his bill, Senator Nogueira proposes that the Central Bank of Brazil introduces mechanisms to prevent Brazilian-based gamblers from transacting with offshore gambling sites by credit card, debit card or other electronic transfer. The gambling ban imapcts both deposits and withdrawals. Those Brazilian players who want to continue playing online will be probably switching to those platforms which accept bitcoin deposits. As technically speaking due to the current regulation of cryptocurrencies bitcoin would be exempt from the proposed gambling ban. This could increase significantly the volume of BRL/BTC trading pair in the future if the law is approved in the coming months.

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