Our team reviewed 50+ crypto exchanges to find the best options for Brazilian traders. We focused on BRL support, local payment methods, ease of use, and included tips to help you choose confidently.
Exchange | Ranking | Taker/Maker | Available Crypto | Accepts Fiat | Payment Methods | KYC |
---|---|---|---|---|---|---|
Binance | 4.6 Read Review | 0.1% / 0.1% | 408 | Yes | +1 | Yes |
MEXC | 4.2 Read Review | 0.01% / 0% | 1968 | Yes | +3 | No |
Bybit | 4.6 Read Review | 0.1% / 0.1% | 524 | Yes | +2 | Yes |
Coinbase Exchange | 4.0 Read Review | 1.2% / 0.6% | 302 | Yes | +6 | Yes |
Bitso | 3.1 Read Review | 0.099% / 0.095% | 58 | Yes | +2 | No KYC Required |
Remitano | No Rating Read Review | 0.25% / 0.25% | 0 | No | +5 | Yes |
Binance is the world’s largest exchange by trading volume. It offers a complete crypto ecosystem that includes trading, staking, launchpads, and lending. Following its acquisition of Brazilian brokerage Simpaul, Binance has a strong presence in Brazil.
MEXC is a rapidly growing exchange, known for offering some of the lowest trading fees in the industry. It’s also home to one of the largest selection of cryptos, with over 2,000 spot tokens. MEXC is expanding its LATAM presence, offering South American users strong liquidity for niche and emerging assets.
Bybit is a Dubai-based exchange known for its strong reputation as a leading derivatives trading platform. With over 70 million users and a consistent spot in the top five for futures trading volume, it offers a robust suite of features for advanced traders.
Coinbase is a US-based exchange and publicly traded company, known for being one of the most beginner-friendly platforms. It offers easy onboarding, an intuitive interface, and solid regulatory compliance.
Bitso is a Mexican exchange that operates in Brazil and Latin America. It offers crypto payments, remittances, and access to stablecoins. Bitso works closely with local financial institutions and partners with leading companies like Mastercard to offer innovative crypto-related services tailored to Latin America.
Remitano is a Seychelles-based P2P exchange in emerging markets like Africa, Asia, and Latin America. It supports various fiat currencies with escrow-protected transactions for security. The platform offers a wallet, investment tools, and fiat gateways for emerging market needs markets.
Brazil’s crypto market is regulated under the Legal Framework for Virtual Assets, which took effect in June 2023. The law recognizes cryptocurrencies as digital assets and gives oversight to two main regulators:
Exchanges in Brazil must follow KYC/AML rules, report suspicious activity, and register with regulators. These rules aim to protect users and create a safer, more transparent crypto environment.
In Brazil, capital gains tax applies to crypto profits. If your monthly profit from crypto sales exceeds BRL 35,000, you must pay tax at rates between 15% and 22.5%, depending on the amount gained.
Crypto traders must report their holdings and transactions through the Receita Federal’s e-CAC platform, using the GCAP program. Some exchanges provide tax reports to help, but it’s ultimately the user’s responsibility to file correctly and on time.
When selecting a crypto exchange in Brazil, look for the following:
Choosing an exchange with these features helps reduce the risk of hacks, scams, and blocked withdrawals.
Most exchanges support the following BRL payment methods:
Payment Method | Transaction Fees | Processing Time |
PIX | Regulated and supports AED deposits | Near instant |
Bank Card | Offers fast card-based purchases | Instant |
Local Methods (P2P) | Typically zero platform fees, but spreads will vary by merchant | 15mins – 60 mins |
Yes, P2P is a popular on/off-ramping method in Brazil. It allows users to buy and sell crypto directly with BRL using local payment methods that aren’t directly supported by the exchange, often with lower fees.
However, since it involves individual buyers and sellers, it’s important to choose exchanges that offer escrow services, verified user ratings, and strong dispute resolution systems.
Fee Type | Description | Typical Range / Notes |
Trading Fees | Maker and taker fees for placing or matching orders (spot, margin, futures) | 0.1%-0.2% (spot), often lower for futures or with VIP discounts |
Interest / Funding Fees | Charged for margin loans or holding futures positions overnight | Varies by asset and platform |
Spread Fees | Hidden costs in “Quick Buy/Sell” or instant trades | Less favorable exchange rates, around 1-5% |
Deposit/Withdrawal Fees | Applies to BRL or crypto transfers | Commonly free for BRL via PIX; crypto withdrawal fees vary by asset |
Currency Conversion Fees | Fee for converting BRL to other fiat or crypto assets | Up to 1.5% |
Leading exchanges like Binance, Bybit, and MEXC provide leverage trading in Brazil. Binance and Bybit offer up to 10x margin trading and up to 100x on futures, while MEXC provides up to 500x on futures.
When choosing an exchange, we recommend avoiding those that display one or more of the following red flags:
Shennon Hewa is a crypto trader and crypto journalist based in London. Active in the crypto space since 2017, he specializes in scalping, derivatives day trading, and swing trading. At FXEmpire, he has reviewed dozens of crypto exchanges and has extensive knowledge of platform strengths and weaknesses.
At FXEmpire, we strive to provide unbiased, thorough, and accurate exchange reviews by industry experts to help our users make smarter financial decisions.