Crypto Banks
Buy Crypto with Banco Do Brasil

Buy Crypto with Banco Do Brasil

Summary: Banco Do Brasil (BB) does not offer any Bitcoin or Cryptocurrency investing services through its online banking platform or the BB App. However, they do allow customers to transfer funds from their bank account to an exchange that is regulated by Brazilian financial authorities.

We recommend Bybit for Banco Do Brasil customers because they offer instant BRL deposits and low trading fees. Their platform allows you to trade over 300 cryptocurrencies with low fees on their secure, audited and regulated platform.

Table of Contents

Best Crypto Exchange in Brazil

Platform Highlights

  • Fast and cheap Brazilian Real (BRL) deposits from any Brazilian Bank or Payment Method.
  • Trade 300+ Cryptocurrencies with low fees starting at 0.1% for Spot and 0.075% for Futures.
  • Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Bybit - Brazil
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Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Bitcoin or Crypto with Banco Do Brasil

As mentioned above, the best platform to buy and sell cryptocurrencies with Brazilian Real (BRL) from your BB Bank account is the Bybit exchange. They are a regulated platform by the Securities and Exchange Commission of Brazil (CVM) to provide crypto brokerage services for investors in the country.

You can get started with our simple 4-step guide below:

  1. Create a free account on Bybit with your email address (ID verification not required).
  2. Find the fiat currency you want to use (BRL) and the crypto you want to buy (BTC).
  3. Select the deposit method you want to deposit Brazilian Real with.
  4. Complete the transaction and the funds will arrive in your account immediately.
Buy USDT with BRL from a Banco Do Brasil Bank Transfer.
Buy USDT with BRL from a Banco Do Brasil Bank Transfer.

Is Banco Do Brasil Crypto-Friendly?

Yes, Banco do Brasil is crypto-friendly. Their platform allows customers to buy and sell Bitcoin and other digital assets from licensed and regulated brokers.  You can also use their platform to store your digital assets in a secure wallet if you are an institutional investor. Banco do Brasil is one of the largest banks in Brazil and is one of the few banks that offer this service.

Will BB Bank App offer Cryptos?

At this time, Banco do Brasil does not offer cryptos. However, the bank has been exploring the possibility of offering such services in the future. In October of 20202, Banco do Brasil partnered with blockchain startup Mercado Bitcoin to develop a platform that would allow the bank to offer cryptocurrency services. The project is still in development, and it is not clear when or if Banco do Brasil will offer crypto services to its customers.

About Banco Do Brasil

Banco do Brasil is the largest bank in Brazil, founded in 1808. It serves over 102 million clients, providing banking products and services to individuals, businesses, and government agencies through a network of 5,000 branches and 12,500 ATMs. BB is active in the wholesale banking and capital markets, and has a market capitalization of over US$50 billion. Its major shareholders are the Brazilian government (62%) and foreign institutional investors.

Banco Do Brasil
Banco Do Brasil.

Final Thoughts

In conclusion, Banco do Brasil currently does not offer cryptocurrency investing services through its online banking platform or app. However, customers can transfer funds from their bank account to regulated exchanges such as Bybit to buy and sell over 300 cryptocurrencies with low fees. The bank is exploring the possibility of offering crypto services in the future through its partnership with Mercado Bitcoin, but there is no clear timeline for this yet. Overall, Banco do Brasil is crypto-friendly and offers a secure platform for investors to trade and store their digital assets.

Andrew Chen

Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.

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