After analyzing over 50 platforms this year, our experts selected the best crypto exchanges for users in Peru. This guide highlights key features, pros and cons, and includes practical tips for buying and trading crypto with PEN.
Exchange | Ranking | Taker/Maker | Available Crypto | Accepts Fiat | Payment Methods | KYC |
---|---|---|---|---|---|---|
Binance | 4.8 Read Review | 0.1% / 0.1% | 430 | Yes | +1 | Yes |
Bybit | 4.6 Read Review | 0.1% / 0.1% | 519 | Yes | +2 | Yes |
Uphold | No Rating Read Review | 0.25% / 0.25% | 250 | No | +4 | Yes, including Source of Wealth |
Paybis | No Rating Read Review | 4.5% / 4.5% | 0 | No | +6 | Yes |
Bitget | 4.7 Read Review | 0.1% / 0.1% | 675 | Yes | +2 | Yes |
Kraken | 4.2 Read Review | 0.4% / 0.25% | 532 | Yes | +3 | Yes |
Blofin | 3.8 Read Review | 0.6% / 0.6% | 412 | No | +8 | No |
Binance is the world’s largest cryptocurrency exchange by trading volume and user count. It offers a combination of unmatched liquidity, wide coin selection, and comprehensive trading features, making it the best platform for Peruvian users.
Bybit offers professional-grade spot and derivative (100x leverage on futures) trading and deep liquidity across a range of markets, making it a perfect choice for advanced traders.
Uphold is a US-based platform known for its simplicity and “Anything-to-Anything” interface, allowing users to easily trade between crypto, forex, and metals. It’s a strong option for first-time investors seeking a transparent and easy-to-use platform.
Paybis is a global fiat-to-crypto platform that simplifies on/off-ramping by aggregating quotes from multiple providers to offer the best rates for crypto purchases and swaps.
Bitget has a significant presence in Latin America and is expanding its focus on P2P trading. It offers Peruvian users a strong P2P market with PEN support and a wide range of trading products that cater to both beginners and experienced traders alike.
Founded in 2011, Kraken is one of the most secure and reliable crypto exchanges, with a flawless record and no history of breaches or lost funds. While it doesn’t support PEN directly, it remains the top choice for users prioritizing safety.
Blofin is a derivatives-focused exchange that has a strong emphasis on privacy and anonymity. It offers competitive trading fees, a comprehensive trading platform, and third-party insurance coverage on user deposits. It also allows users to buy and trade crypto without requiring full KYC verification.
Peru currently has no dedicated legal framework specifically regulating cryptocurrencies. However, trading and holding crypto is fully legal. The Central Reserve Bank of Peru does not recognize crypto as legal tender, but classifies it as a digital asset. This means you cannot use crypto to pay for goods or services, but you’re free to buy, sell, and hold it.
The Peruvian government is actively working on a regulatory framework for virtual assets. The initiative is being led by the Superintendencia de Banca, Seguros y AFP (SBS), which oversees traditional financial institutions.
While crypto exchanges are not yet licensed financial entities, they are still required to comply with international AML (Anti-Money Laundering) regulations when dealing with fiat transactions involving Peruvian Soles (PEN).
Yes. Although crypto is not considered legal tender in Peru, profits from cryptocurrency activities are taxable under the country’s general income tax framework. Income Tax applies to crypto earned through staking, mining, airdrops, and payments, while Capital Gains Tax applies to profits made from selling crypto for fiat. All crypto-related income must be reported and is subject to the same tax rules as traditional financial activities.
Peru’s main entity in charge of taxation is the Superintendencia Nacional de Administración Tributaria (SUNAT). Rates will vary based on income, with Income Tax rates ranging from 8-30% and Capital Gains Tax varying between 5-30%.
Since Peru has no local regulator to license exchanges, we suggest looking at the following:
Converting Peruvian Soles to crypto can be a challenge on many exchanges. However, there are a few commonly accepted payment methods:
Payment Method | How It Works | Pros | Cons |
Bank Card | Use your debit or credit card via Quick Buy features on supported exchanges. | Instant purchases; widely supported | High fees (often up to 4%); limits apply |
Bank Transfer (via P2P) | Transfer PEN directly to another user’s bank account in a P2P marketplace. | Lower fees; supports local banks | Requires using a verified merchant |
Digital Wallets (via P2P) | Use local e-wallets like Yape and Plin to pay P2P merchants. | Fast; supports local, popular payment methods | Only available via P2P; user-dependent |
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 PEN or crypto transfers | Up to 5% for card transactions, or free via P2P trades |
Currency Conversion Fees | Fee for converting PEN to other fiat or crypto assets | Up to 1.5% |
Yes, P2P trading is one of the most common and accessible ways to convert Peruvian Soles (PEN) into crypto. Major exchanges like Binance, Bybit, and Bitget offer P2P platforms that support local payment methods such as Yape and Plin. However, it’s essential to use exchanges that provide escrow protection and to only transact with verified merchants to reduce the risk of fraud.
Peruvian users are often targeted by several types of crypto scams, including:
Always verify the legitimacy of platforms and merchants, and be cautious of offers that seem too good to be true.
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.