Bitcoin, known for its wild price swings, remains a popular choice for many Brazilians because they can make money from it. They follow a simple strategy: they buy Bitcoin when its price is low, and then sell it when it climbs to a higher value. This method of buying low and selling high allows them to take advantage of Bitcoin’s price fluctuations.
People also find Bitcoin useful for making transactions across different countries. Buying Bitcoin in Brazil is just like buying Bitcoin anywhere else. But there might be some platforms where you can buy and sell Bitcoin that might not work in Brazil, and the same can happen in other countries too. This can make it a bit tricky sometimes.
Here are some ways to buy Bitcoin in Brazil:
Bitcoin ATM
Just like regular ATMs where you can get cash, these machines let you buy or sell Bitcoin. It’s a bit like exchanging money, but instead of physical coins, you deal with digital Bitcoin. These Bitcoin ATMs can be found in some places like shopping centers. They make it easier for people to get into Bitcoin without needing a computer.
Bitcoin ATM in Brazil
Cities in Brazil with Bitcoin ATMs include:
- Balneário Camboriú
- Belo Horizonte
- Brasília
- Campo Grande
- Curitiba
- Goiânia
- Jaboatão dos Guararapes
- Petrópolis
- Rio de Janeiro
- São Paulo
How to Use Bitcoin ATM in Brazil
- First, locate a Bitcoin ATM near you in one of the cities that has one, like Balneário Camboriú, Belo Horizonte, Brasília, and others.
- Before you go, make sure you have a Bitcoin wallet set up on your phone. This is where your bought Bitcoin will be stored.
- Bring Brazilian real (BRL) cash with you. Bitcoin ATMs usually accept cash for Bitcoin purchases.
- At the ATM, choose the option to “Buy Bitcoin.” The ATM screen will guide you through the process.
- The ATM might ask you to scan the QR code of your Bitcoin wallet. This helps the ATM know where to send your purchased Bitcoin.
- Enter the amount of Brazilian real you want to spend on Bitcoin. The ATM will calculate how much Bitcoin you’ll get for that amount.
- Put the cash you brought into the ATM. The machine will verify it.
- The ATM will show you a summary of your purchase. If everything looks right, confirm the transaction.
- After confirming, the ATM will process your transaction.
- Once the transaction is complete, check your Bitcoin wallet on your smartphone. You should see the Bitcoin you bought in your wallet.
Crypto Exchange
Getting Bitcoin in Brazil is also possible through crypto exchanges. These online platforms allow you to trade your Brazilian real (BRL) for Bitcoin. Here’s how it works:
First, you need to find a reliable crypto exchange that operates in Brazil. Then, you’ll create an account on the exchange and complete any necessary verification steps. After that, you can deposit Brazilian real into your exchange account.
Once your account is funded, you can place an order to buy Bitcoin. The exchange will automatically match your order with someone who wants to sell Bitcoin. Once the trade is complete, the Bitcoin you bought will be transferred to your exchange account. You can choose to keep it there or transfer it to Bitcoin wallet for added security. Crypto exchanges provide a way to buy Bitcoin in Brazil without needing to use a physical ATM.
Popular Crypto exchanges in Brazil are:
- Mercado Bitcoin
- Foxbit
- BitcoinTrade
- Braziliex
- FlowBTC
- Coinext
Does Coinbase Work in Brazil?
Coinbase is available in Brazil. Coinbase is known for providing a user-friendly platform for buying, selling, and managing various cryptocurrencies, including Bitcoin. Brazilian users can create accounts on Coinbase, verify their identity, and trade cryptocurrencies.
P2p Exchanges
Buying Bitcoin through peer-to-peer (P2P) exchanges is another way people in Brazil can get into cryptocurrency. In P2P exchanges, people can trade Bitcoin directly with each other.
It’s like an online marketplace where you can find someone who wants to sell Bitcoin for Brazilian real. You both agree on the terms of the trade, and once everything is set, you can send your payment to the seller. Once the seller confirms receiving the payment, they will send the Bitcoin to your digital wallet.
P2P exchanges offer a more direct way to buy Bitcoin, allowing you to negotiate prices and terms with other people, giving you more control over your transactions.
Best Bitcoin Wallet in Brazil
In Brazil, you can find different types of Bitcoin wallets. These wallets are like digital pockets where you can store your Bitcoin. One common type is a “software wallet,” which you can install on your computer or smartphone. Then there are “online wallets,” which you can access through the internet. These are handy for quick transactions but might be less secure than other types. “Hardware wallets” are physical devices that provide strong security by keeping your Bitcoin offline.
Here are five popular Bitcoin wallets in Brazil:
- Trust Wallet: Trust Wallet is a widely used mobile wallet that offers a user-friendly experience for managing various cryptocurrencies, including Bitcoin. It provides a secure environment for storing, sending, and receiving Bitcoin.
- Coinbase Wallet: Coinbase Wallet is another mobile wallet option that has gained popularity due to its integration with the Coinbase exchange. It offers an easy way to link your Coinbase account, making it convenient for buying and selling Bitcoin.
- Ledger Nano S: Ledger Nano S is a hardware wallet known for its strong security features. It stores your Bitcoin offline. It is a popular choice for those who prioritize the utmost security for their Bitcoin holdings.
- Blockchain.com: Blockchain wallet is an online wallet that offers both web and mobile versions. It’s known for its user-friendly interface and accessibility.
Where to Sell Bitcoin For Naira
Out of all the places to sell Bitcoin in Nigeria, there’s one that stands out – Cardvest. They give the best rates, making them the top choice for getting the most out of your Bitcoin. Cardvest stands out not only for offering the best rates but also for a host of other advantages which include:
- Fast Payout: One of Cardvest’s strengths is its swift payout system. When you sell your cryptocurrency, you can expect to receive your funds in four minutes or less.
- Multiple Cryptocurrencies: Dart Africa goes beyond just Bitcoin. They support a range of cryptocurrencies, giving you the flexibility to sell various digital assets in addition to Bitcoin.
- Payout in Naira and Cedis: With Cardvest, you have the convenience of receiving your payment in your local currency. Whether you’re in Nigeria or Ghana, you can easily get your funds in Naira or Ghanaian Cedis.
- Excellent Customer Support: Cardvest values its users. If you have any questions or need assistance, their dedicated support team is there to help you every step of the way.
