Summary: Despite being a leading fintech player in Brazil, Nubank does not offer cryptocurrency trading on its digital portal. However, customers can transfer Brazilian Real (BRL) to a secure and trusted digital asset trading platform. The chosen platform must have an impeccable safety track record to protect your investments.
After a detailed inspection of various platforms, our crypto experts identified Bybit as the best alternative for Nubank customers looking to invest in crypto. This exchange is available in English and Portuguese, among many other languages, with 24/7 Portuguese-speaking customer support. It boasts a dynamic NFT marketplace and more than 400 digital currencies.
Top Crypto Platform for Nubank
Platform Highlights
- Fast and free Brazilian Real (BRL) deposits from Nubank
- Trade and stake over 400 cryptocurrencies with lowest fees starting at 0.1% per trade.
- Feature-rich platform with Staking, Derivatives Trading, Copy Trading and more.
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Can I Buy Bitcoin with Nubank?
As a Nubank customer, you cannot buy Bitcoin or any other cryptocurrency with the bank’s digital application. The most viable crypto investment option for Nubank clients is finding a safe and trustworthy digital asset exchange in Brazil. Brazilian traders simply need to deposit BRL to the exchange in order to buy, sell, hold and stake digital currencies.
How to Buy Bitcoin and Crypto with Nubank
The smoothest way to get into crypto trading for Nubank clients is Bybit, an easy-to-use and secure trading platform with hundreds of tokens. There are many simple and quick ways to deposit BRL, including bank transfer, bank card, Google Pay, Maestro, Mercadopago, Advcash Wallet, and Itau Brazil.
Here is a simple step-by-step guide to purchasing crypto for Nubank customers:
- Create an account on Bybit and verify your email/phone number.
- Click on ‘One-Click Buy’ and choose the payment method and currency.
- Enter the BRL amount you want to deposit from your Nubank account.
- Select the cryptocurrency you want to purchase and click ‘Buy.'
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Is Nubank Crypto-friendly?
Nubank is a leading fintech company in Latin America with progressive values. Despite not offering crypto assets on its app, the bank has a positive stance on digital currencies. It has launched its own token, Nucoin, as part of its customer reward program. This indicates that the bank may introduce crypto on its platform soon.
What Is Nubank?
Nubank, founded in 2013 in Brazil, is a frontrunner in the digital banking space in the country and Latin America's largest neo-bank (digital bank), with over 30 million customers. With groundbreaking products like no-fee credit cards and digital savings accounts, the bank has become the preferred choice for cost-conscious customers.
Nubank is licensed and regulated by the Central Bank of Brazil, with its headquarters in Sao Paulo. The bank distinguishes itself from traditional financial institutions by taking a customer-centric approach and consistently implementing user feedback. Their smart strategy, coupled with an easy-to-use interface, has driven rapid user growth.
Final Thoughts
To wrap up, Nubank does not currently offer crypto assets like Bitcoin or Ethereum on its banking application. However, it does not restrict its customers from investing in digital assets through a secure trading platform operating in Brazil. Bybit, according to our experts, is the best platform to buy and sell crypto, as it has the lowest fees of 0.1%. More importantly, it is transparent about its assets and provides proof-of-reserves showing users funds are held 1:1.
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Author
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
