How to Buy Bitcoin in Brazil: A Step-by-Step Guide (2024)

How to Buy Bitcoin in Brazil: A Step-by-Step Guide (2024)

Bitcoin has become a popular investment and payment method in Brazil, with growing adoption across exchanges, retailers, and individuals. Whether you’re new to crypto or looking to expand your portfolio, this guide will walk you through how to buy Bitcoin in Brazil safely and efficiently.

1. Choose a Bitcoin Exchange or Platform

Start by selecting a reputable platform that operates in Brazil. Top options include:

• Binance: Largest global exchange with BRL deposits via PIX.
• Mercado Bitcoin: Brazil’s largest local exchange, regulated by the CVM.
• Foxbit: Brazilian platform with instant PIX transactions.
• LocalBitcoins: Peer-to-peer (P2P) marketplace for direct trades.

Key factors to consider:

• Fees (trading, withdrawal, deposit)
• Payment methods (PIX, TED, credit card)
• Security features (2FA, insurance)

2. Create and Verify Your Account

Follow these steps:

1. Sign up with your email/phone number.
2. Complete KYC verification by submitting:
   • CPF (Cadastro de Pessoas Físicas)
   • Government-issued ID (RG or CNH)
   • Proof of address (e.g., utility bill)
3. Enable two-factor authentication (2FA).

3. Deposit Brazilian Reais (BRL)

Most platforms support these methods:

• PIX: Instant, fee-free transfers (most recommended)
• TED/DOC: Bank transfers (1-2 business days)
• Credit/Debit Cards: Faster but higher fees (3-7%)

4. Buy Bitcoin

1. Navigate to the “Buy Crypto” section.
2. Select Bitcoin (BTC) and enter the BRL amount.
3. Choose between:
   • Market Order: Buy instantly at current price
   • Limit Order: Set your desired price
4. Confirm the transaction.

5. Store Your Bitcoin Securely

Options for storage:

• Exchange Wallets: Convenient for frequent trading (higher risk)
• Hardware Wallets: Ledger or Trezor for long-term storage
• Software Wallets: Exodus or Trust Wallet for mobile access

FAQ: Buying Bitcoin in Brazil

Is Bitcoin legal in Brazil?
Yes. Bitcoin is recognized as a digital asset and regulated by the CVM (Securities Commission).

What are the taxes on Bitcoin?
Profits exceeding BRL 35,000/month are subject to 15-22.5% capital gains tax.

Can I buy Bitcoin with less than BRL 100?
Yes. Most exchanges allow purchases as low as BRL 10-50.

How long does it take to buy Bitcoin?
With PIX: Instant. Bank transfers: 1-2 business days.

Can I sell Bitcoin for BRL?
Yes. The process mirrors buying – sell via exchanges or P2P platforms.

Conclusion

Buying Bitcoin in Brazil is straightforward with PIX-enabled exchanges like Mercado Bitcoin or Binance. Always prioritize platforms with strong security measures and transparent fees. Start with small amounts, use secure wallets, and stay informed about regulatory updates to navigate the crypto market confidently.