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How to Buy Crypto with Nubank

How to Buy Crypto with Nubank

Adrian Graham
Fact Checked
Jan 17, 2023

Summary: Nubank does not directly offer cryptocurrency trading services for customers in Brazil. Instead, customers will need to deposit Brazillian Real (BRL) into digital-asset trading platforms from their Nubank accounts.

Our top pick for investors in Brazil is OKX. Their platform offers instant and cheap bank transfers (PIX) via Nubank to safely trade over 300 cryptocurrencies with low fees. OKX is licensed & regulated and offers secure staking services that have a real-time audited proof of reserves.

Table of Contents

Best Crypto Exchange for Nubank

Platform Highlights

  • Fast and cheap Brazilian Real (BRL) deposits from Nubank and other Brazilian Bank accounts.
  • Trade & Stake over 300 Cryptos with low fees and tight spreads.
  • Feature-rich platform with Staking, an NFT Marketplace, OKX Chain, OTC Support & more.
OKX - Nubank
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Audited Proof of Reserves
Audited Proof of Reserves

Can I buy Bitcoin or Crypto with Nubank?

Similar to most major Brazilian and South American banks, Nubank does not offer a cryptocurrency feature through their online platform. Nubank also doesn't provide any custodial services for Brazilian and South American investors to securely hold their coins with the bank.

However, Nubank is a crypto-friendly bank in Brazil and they allow their customers to deposit and withdraw Brazillian Real's (BRL) into platforms that are licensed and regulated by the Central Bank of Brazil. Nubank can deposit BRL to exchanges like OKX via Bank Transfer and Credit/Debit Card.

How to buy Bitcoin with Nubank in Brazil

The easiest way to buy Bitcoin and Crypto with Nubank in Brazil is through a crypto trading platform like OKX. They offer fast and cheap BRL deposits from Nubank via Pix, Credit Card, Debit Card, Bank Transfer, Mercadopago, PicPay, Google Pay or Maestro. Follow the below steps to get started.

  1. Create an account on OKX and complete your verification.
  2. Select the 'Buy Crypto' tab in the navigation menu and click 'Third-party Payment'.
  3. Select BRL and the token you want to buy, then choose 'Foxbit' as your Service Provider.
  4. Input the amount you want to buy and finalise your PIX bank transfer. The crypto will arrive in your OKX wallet in 2-10 minutes.
Buy Crypto with Nubank
Buy Crypto with Nubank.

Is Nubank Crypto Friendly?

Nubank is a leading fintech company in Latin America that is forward-thinking when it comes to digital banking and related technologies. Despite not offering crypto-related products on their app, they are positive towards the asset class and are ultimately a crypto-friendly bank.

This means that Nubank customers will have no issues transferring Brazilian Real (BRL) from their account onto licensed and regulated trading platforms. That said, we recommend avoiding off-shore exchanges that do not have regulatory clarity like Binance and stick to highly regarded exchanges like OKX.

What is Nubank?

Nubank is a Brazilian financial technology company founded in 2013. The firm has over 30 million customers and is the largest neobank in Latin America. It's headquartered in São Paulo, Brazil. Nubank has received over $1 billion in funding from investors such as Sequoia Capital, DST Global, Tencent Holdings, Ribbit Capital, and TCV.

Nubank's services are available through its app, which can be downloaded from the App Store or Google Play. Nubank does not have physical branches. Nubank is licensed and regulated by the Central Bank of Brazil.

Nubank
Nubank Mobile App.

How Nubank Works

Nubank's no-fee credit card works like any other credit card, but it doesn't have any of the traditional fees associated with credit cards. This means that Nubank doesn't charge annual fees, late payment fees, or foreign transaction fees. Instead, Nubank makes money by charging interest on outstanding balances and by earning revenue from the merchants who accept Nubank cards.

Its mobile app is designed to help users manage their finances and understand their spending patterns. The app gives users real-time insights into their spending, shows them where they can save money, and helps them stay on top of their bills. Nubank also has a program called Nubank Rewards, which gives cash back rewards for shopping at certain stores.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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