Buy Crypto with PIX

How to Buy Bitcoin and Crypto with PIX

As outlined above, the best way to buy Bitcoin and digital assets with a PIX transfer in Brazil is with a platform that supports that payment method and accepts Brazilian Real (BRL) deposits. Based on our analysis, we found that Binance was the only exchange that supports instant and free 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:

1. Sign Up: Create an account on Binance and complete the identity verification process.
2. Select Crypto: Choose Brazilian Real (BRL as your currency and select the cryptocurrency you wish to acquire.
3. Transfer Funds: Select 'PIX' as your transfer method and complete the BRL transfer from your bank account.
4. Purchase Crypto: Click 'Buy', and the tokens will be instantly credited to your account.

Is PIX Crypto-Friendly in Brazil?

Yes, Pix is crypto-friendly, allowing users in Brazil to engage seamlessly with regulated cryptocurrency exchanges. Customers can freely deposit and withdraw funds using PIX transfers from any bank account, making transactions with digital assets more accessible and efficient.

As an instant payment system, PIX allows for real-time transactions 24/7, reducing the waiting time associated with traditional banking methods. This feature is particularly beneficial for the cryptocurrency market, where swift and efficient transactions are crucial.

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What are the fees?

The fees to buy and sell digital assets on the Binance 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.

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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.

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Final Thoughts

In conclusion, for Brazilian investors looking to buy Bitcoin and other cryptocurrencies using PIX bank transfers, Binance is the top choice. It supports instant, free BRL deposits from all Brazilian banks via PIX, enabling seamless transactions with over 350 digital assets. As a crypto-friendly platform, PIX allows for efficient, real-time transactions, making it an ideal choice for trading digital currencies. Moreover, Binance's low 0.1% trading fees make it the most cost-effective option compared to local alternatives. Sign up, verify your identity, transfer funds via PIX, and purchase crypto with ease on Binance.