Buying Bitcoin with Reals in Brazil
As the Brazilian Real bounces up and down on the global market, many Brazilians are dropping the currency for bitcoin and alt-coins. With the central banks raising their inflation forecast once again, Brazilians that want to avoid the games they’ve played for years are storing their wealth in bitcoin.
The IMF has warned about the “rapid rise of bitcoin” while noting the global trade forecasts for Argentina, Brazil, Turkey and other countries were being lowered from previous expectations earlier in the year. This is one of many reason Brazilians and all South American’s are buying bitcoin anonymously more than other countries.
Best Bitcoin Exchanges in Brazil
The most trusted bitcoin exchanges for Brazilians to buy bitcoins and altcoins, are also at risk of the central banks closing their bank accounts to serve customers. While bank wires and credit cards are extremely convenient ways to buy crypto currencies, it is always good to use a wallet not connected to an exchange, as it’s the only way to truly own your bitcoin.
The best (most trusted) bitcoin exchanges Brazilians are using currently are:
| Trusted Exchanges in Brazil | Type | KYC | Currencies | ||
|---|---|---|---|---|---|
 | Satoshi Tango | Exchange / Trading | Yes | ARS, USD, EUR, RapiPago, PagoFacil | |
 | Ripio | Exchange / Trading platform | Yes | BRL, ARS, Rapipago, Easy Payment | |
 | FlowBTC | Exchange / Trading Platform | Yes | BRL, BTC, ETH, LTC | |
 | LakeBTC | Exchange / Trading Platform | Yes | All National Currencies, BTC, ETH, LTC | |
 | Binance | Trading Platform | No (under 2BTC) | BTC, ETH, LTC, Hundreds of Alt-coins | |
 | Mercado Bitcoin | Exchange / Trading Platform | Yes | BRL, BTC, XRP, LTC | |
 | FoxBit | Exchange | Yes | BRL, BTC, LTC | |
 | Kraken | Exchange / Trading Platform | Yes | EUR, CAD, USD, JPY, BTC, ETH, XMR, XRP, many more | |
 | CEX.IO | Exchange / Trading Platform | Yes | USD, EUR, GBP, RUB, BTC, ETH, LTC + more |
Anonymous Bitcoin Purchasing Options in Brazil
The person to person options for buying bitcoin in Brazil are quite well known, even with some KYC requests Localbitcoins have added, the volume of trades is quite high. HodlHodl is offering a similar service without the identification requirements that many Brazilians want to avoid.
Bisq has a lot of traders but requires software and wait times that some may not enjoy. Coinmama is known for gift card visa’s being used for purchasing small amounts of bitcoin around the world.
The Anonymous Exchanges Brazilians are Buying Bitcoin from are:
| Anonymous Exchanges in Brazil | Type | KYC | Currencies | ||
|---|---|---|---|---|---|
 | HodlHodl | Anonymous Person to Person Trading | No | AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR (More) | |
 | BISQ | Anonymous Person to Person Trading | No | AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR (More) | |
 | Local Coin Swap | Anon P2P Exchange | No | ARS, AUD, INR, USD | |
 | Changelly | Anonymous Bitcoin and Altcoin Buying | No | BTC, ETH, LTC and Hundreds of Altcoins | |
 | Paxful | Anonymous Bitcoin Purchases | No | Western Union, MoneyGram, Visa Prepaid Cards, Amazon Gift Cards | |
 | CoinMama | Exchange | Under $150 No | Visa, MasterCard, AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR | |
 | Wall of Coins | Peer to Peer Exchange | No | USD, CAD, MXN | |
More Options to Buy Bitcoin in Brazil
Bitcoin ATM’s are popular in a lot of countries but Brazil isn’t one of them apparently. With only two bitcoin ATM’s in São Paulo Brazil, it isn’t the most convenient method available.
One of the hundreds of bitcoin meetup groups in Brazil will have more than a few people willing to trade Real for Bitcoin. There is also the bitcoin brasil facebook group with a few thousand members keen on digital gold.
You could also check out to the Brasil Bitcointalk forum. Although it can be full of spam, there are some of most passionate bitcoiners on the board Satoshi started years ago.