Is PIX Crypto-Friendly in Brazil?
Yes, PIX transfers are crypto-friendly and do not block or prevent transactions involved with Bitcoin and other cryptocurrencies. As long as a regulated exchange is used, customers in Brazil can buy, sell, store, & withdraw digital assets without any problems.
How to Buy Crypto and Bitcoin with PIX
The best way to purchase digital assets with PIX in Brazil is through OKX. Their platform offers instant and cheap BRL deposits from all Brazilian banks via PIX transfer to trade and stake over 350 crypto assets.
You can get started in 4 simple steps with our guide:
- Create an account on OKX and complete your verification.
- Select the 'Buy Crypto' tab in the navigation menu and click 'Third-party Payment'.
- Select BRL and the token you want to buy, then choose 'Foxbit' as your Service Provider.
- 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.
What are the fees?
The fees to buy and sell digital assets on the OKX platform are 0.1% per trade. This makes them the cheapest platform for Brazilian investors compared to local alternatives like Mercado Bitcoin or Coinbase which charge over 2% to deposit & trade.
What is PIX?
PIX is a new real-time payment system in Brazil that was launched in November 2020 by the Central Bank of Brazil. It is designed to improve the speed, convenience, and security of electronic payments in the country. With PIX, individuals and businesses can make and receive payments instantly, 24 hours a day, 7 days a week, using a variety of methods, including QR codes, phone numbers, and email addresses. PIX is expected to help increase the use of electronic payments in Brazil and reduce the reliance on cash.
PIX is a great way for investors in Brazil to safely buy and sell crypto with BRL. By using OKX, customers can deposit Brazilian Real (BRL) via PIX transfer to buy and sell digital assets with low fees. The platform also offers staking rewards & instant withdrawals plus 24/7 customer support.