Page Summary
In this article, we share our insights about the best crypto exchanges in Brazil. We have tested and evaluated 133 crypto exchanges in 8 categories. We analyzed all characteristics of their service, including costs, apps, assets, liquidity, security, deposits & withdrawals, and customer service.
Cryptocurrency trading platforms with the highest scores are in the following list.
Top 6 Crypto Exchanges In Brazil
- Binance – Well-established cryptocurrency trading platform with large trading volumes and liquidity.
- Coinbase – Great trading platform and low fees.
- eToro – Great copy trading tool, regulated by top tier one authorities.
- Cash App – Best toolset for beginners.
- Crypto.com – Excellent portfolio and trading app.
- Gemini – In-house hot wallet, access to different coins.
Best Crypto Exchanges In Brazil – List
| Exchange | Overall Score | General info | Fees (Maker/Taker) | Spot Volume (BTC) | |
| #1 | Binance | 4.6 | Best altcoin portfolio | 0.1% /0.1% | $806,899,070 |
| #2 | Coinbase | 4.8 | Best crypto trading platform | 1.99%/1.99% | $451,706,550 |
| #3 | eToro | 4.9 | Best copy trading tools | 1%/1% | $2,739,612 |
| #4 | Cash App | 4.8 | Best for beginners | 1.8%/2.75% | $68,571 |
| #5 | Crypto.com | 4.3 | Excellent portfolio and trading app | 1.99%/1.99% | $451,706,550 |
| #6 | Gemini | 4.5 | In-house hot wallet, access to different coins. | 0.01%/0.00% | $808,571 |
This section below breaks down the best crypto trading platforms in Brazil, beginning with the best rated…
1. Binance – Best Overall Exchange To Buy Cryptos In Brazil
Binance is a popular crypto exchange with secure services and an excellent reputation. It offers advanced trading platforms for traders in Brazil. Binance has a low fee structure with no hidden costs. It offers rewards and bonuses depending on the coin you hold in your account. Traders earn between 1 to 10% for holding popular assets over time.
Binance has an excellent mobile trading app. It has advanced features, including OTC trading and staking rewards. It is a good fit for traders searching for a good coin selection and high spot trading volumes.
Pros
- The best daily trading volume for both spot Crypto trading and for Crypto derivatives
- The best choice of different assets to trade
- Great choice of saving and stalking options
- Very competitive trading fees
- Very good trading platform with lots of advanced features
- Easy sign-up process
- Very good choice for mobile trading
- Great deposit and withdrawal options
Cons
- Exchange has been hacked in the past
- Considerable withdrawal fees
- Customer support is sometimes hard to
Key features
- Spot and derivative crypto trading
- P2P (Peer-to-peer) crypto trading available
- Trading platform integrated with tradingview; automated trading available
- Savings, staking, crypto loans, Binance smart pool
- Binance liquid swap
- Binance Visa Card
2. Coinbase – Best Exchange With A Beginner-Friendly Interface
Coinbase is a reputable exchange with secure services for traders in Brazil. It offers a good asset selection, fast trade execution, and rewards for trading. Coinbase has average customer support, but it offers access to a good FAQ section.
This exchange has two platforms. The standard Coinbase platform is a good fit for inexperienced traders. It has a user-friendly interface and access to simple buy, sell, and exchange solutions. Coinbase Pro offers a lower fee structure, professional crypto trading tools, and advanced orders.
Pros
- Strong selection of supported digital currencies
- Great trading volume
- Easy to use trading platform
- Great security standards
- Very good deposit and withdrawal options
- Great option for mobile trading
Cons
- No margin trading (Crypto derivatives)
- Customer service is sometimes hard to reach
- Fees are higher than average
- Your account can be closed depending where you send your cryptos
Key features
- Spot crypto trading
- Opportunity to earn cryptocurrencies through crypto learn
- Saving, staking, crypto borrow
- Coinbase Visa Card
- Built their own stable coin (USDC)
3. eToro – Best Exchange With Top-Tier Licenses
Min Deposit: $200
Fees: 4.8
Assets available: 4.8
Total Fees:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD
eToro is a leading brokerage firm with premium social trading services and access to a crypto exchange platform.
eToro is a trustworthy provider with top-tier licenses. It has a clear track record of users’ stored funds for over a decade. eToro has a minimum deposit of $200 and low withdrawal fees.
Pros
- Access to over 4000+ tradable symbols
- Great overall market coverage
- Easy to use mobile trading app and platforms
- Industry leading social/copy trading app
- Great cryptocurrency trading features
- Responsive customer support
Cons
- Algorithmic trading not available
- Forex and CFD fees above industry average
- Education and research tools missing
Key features
- Sophisticated social-copy trading features
- Multiple different payment options
- Crypto exchange and brokerage services on the same dashboard
- Super fast registration and KYC on-boarding process
- Zero commission stock trading
- Great ease of use level
4. Cash App – Best Crypto Exchange App
Cash App is a popular crypto trading app with straightforward financial services. It is a simple peer-to-peer money transfer system that offers flexible solutions. It is a top choice for exchanging popular coins from mobile devices.
Cash App has a versatile portfolio with access to Bitcoin, Ripple, Ethereum, Shiba Inu, and most altcoins. This trading app is interactive and has average fees. It doesn’t offer professional features like crypto staking or storage solutions.
Pros
- Easy to use, beginner freindly
- High security standards
- Simple sign-up process
- Instant payments
Cons
- Bitcoin is only crypto available
- Bitcoin trading fees are above industry average
- Not suitable for advanced Crypto traders
- This cannot be considered as an crypto exchange rather than application to buy bitcoin
Key features
- This is not an classical Crypto exchange rather an application form making payments and for investing in bitcoin and stocks
- Paying service
- Investing in stocks
- Credit card
5. Crypto.com – Best App With A Comprehensive Portfolio
Crypto.com is a top crypto trading app with an excellent portfolio. It is a secure crypto exchange with access to e-wallets, a proprietary credit card, staking, and NFTs. Crypto.com has average trading fees and no hidden costs. It has a good asset portfolio with access to 250 different crypto coins.
This app is available on iOS and Android devices. It is intuitive and easy to use by traders at all levels. Crypto.com is a leading app with industry-leading services. All users receive extra bonuses for holding specific crypto assets.
Pros
- Highest security standards
- Great offer of crypto trading instruments
- Very good trading platform
- Very good research and educational tools
- Very good mobile trading application
- Very good wallet
Cons
- Slow customer service
- Very complex fee schedule (if you do not hold Cronos tokens fees are high)
- Difficult to navigate
Key features
- Spot and margin crypto trading
- Crypto payments
- Crypto.com Visa Credit Card
- Staking, crypto loans
- Proprietary Cronos tokens
6. Gemini – Best In-House Hot Wallet
Gemini is a trustworthy exchange with a good reputation and impressive security features. It has access to different coins, including popular cryptos like Bitcoin and Ethereum.
This exchange has a leading in-house hot wallet. It protects users’ funds in case of any security problem. Gemini has a powerful mobile app with average trading fees. It is a good choice for traders at all levels.
Pros
- Well regulated
- Highest security standards
- Trading platform is easy and intuitive to use
- Very good crypto wallet
- Very good mobile application
Cons
- Derivatives are not available
- Trading fees are above industry average
- Slow customer support
Key features
- Spot crypto trading
- It an online crypto wallet where you can buy, sell, store and exchange most popular cryptocurrencies
- Automated trading
- Gemini pay service
- Provide set of services for corporations, wealth and asset managers and hedge fund managers
- Proprietary Gemini USD token
How To Select A Crypto Exchange?
To select a crypto exchange, you have to focus on fees, assets, apps, platforms, deposits & withdrawals, liquidity, customer support, and security.
Fees: You shouldn’t use an exchange service with overnight fees, high fees on trades, and hidden costs.
Trading Platforms: We recommend you select an exchange with an intuitive design and access to many tools. You should prioritize fast executing trading platforms.
Mobile Trading: Mobile apps should provide access to the same tools and charts as their web versions.
Deposit & Withdrawal: Select a crypto exchange that offers different funding methods and withdrawal solutions with low costs.
Assets: Look for the best coverage of both popular and less popular asset classes. You should avoid exchanges that don’t offer the most popular altcoins.
Customer Support: New crypto traders need to choose a platform with responsive and experienced support available in their language.
Liquidity: High trading volumes and liquidity ensure you will sell your crypto assets. Choose platforms with a long track record in the industry.
Security: Trustworthy exchanges have top-tier licenses and offer proof of funds and penetration tests. Choose a regulated exchange with a good reputation.
*Safety Risks For Brazilian Citizens
Trustworthy cryptocurrency exchanges for Brazilian citizens are government-regulated and have trading licenses. Larger exchanges are on a stock exchange and have banking histories.
Regulation Of Cryptocurrency Exchanges in Brazil
The National Financial System and the Brazilian Central Bank (BACEN) offer the regulation for cryptocurrency exchanges in Brazil. These are the main regulatory bodies in the country that oversee all financial activities. Exchanges with headquarters in Brazil need to request authorization from both entities.
Is Cryptocurrency trading legal in Brazil?
Cryptocurrency trading in Brazil is legal. Brazil’s Federal Reserve (RFB) states that traders in the crypto-asset market must pay tax on transactions such as cryptocurrency exchanges. Tax tiers differ depending on the coin you trade and the profit you generate.
How To Start Trading With – Binance
Binance is a top exchange with advanced platforms and a secure crypto trading app. It offers many bonuses and rewards based on the cryptos you hold in your account. The main steps you have to follow to trade with Binance are below:
Step 1: Access the Binance official website
Go to the Binance website under this link here – https://www.binance.com/en.
Step 2: Click on the “Register” button
Search for the “Register” button and click on it. Binance has different methods to open a new account, including an email or phone number.
Step 3: Verify your account
Binance follows strict rules and requests all account holders to verify their accounts. You’ll have to upload a copy of your official ID and personal information.
Step 4: Buy cryptos with Binance
You don’t need to buy the whole crypto-coin to own it. You can start by buying, selling, or holding fractions of an asset.
Conclusion
We recommend Binance as the best exchange for Brazilian crypto traders. It offers excellent exchange services with zero commission fee trades and user-friendly platforms. Coinbase is our second choice based on its overall low fees and versatile portfolio.
FAQ
What Is A Centralized Exchange?
A centralized exchange is a private company that offers a trustworthy platform for crypto trading activities. Centralized exchanges are secure and follow strict rules. These exchanges request identification and verification under the Know Your Customer rule.
What Is A Decentralized Exchange?
A decentralized exchange (DEX) is a crypto exchange services provider with no central control point. It functions as a server, and it keeps an exact copy of the whole exchange on different devices. DEXes function with an “automated market maker protocol.” These use liquidity pools offered by users and are risky. DEXes don’t need a central trading desk and don’t follow the rules of a regulatory body.
How To Buy Cryptos Through An Exchange?
Centralized exchanges let you buy cryptos with fiat money deposits from a credit/debit card or bank account. These exchanges provide tools for swapping fiat money into crypto coins. A centralized exchange either stores or transfers your coins to a digital wallet.
Is Crypto Trading Legal In Brazil?
Yes, Brazil is the largest South American country to regulate cryptocurrencies.
Are There Bitcoin Mining Operations In Brazil?
Brazil has many Bitcoin mining operations. They can be found in all the major cities like São Paulo and Rio de Janeiro.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.