Latin America is one of the regions with the fastest growing interest in crypto assets. Because of this rising interest, several crypto exchanges keep springing up in the region as demands for crypto trading platforms continue to soar.
At this time when cryptocurrencies are making a name with events such as Ripple victory against the securities and exchange commission, it is only natural that more people in Latin America will be more interested in digital assets.
If you’re one of those looking to buy Bitcoin or any other crypto asset for that matter, you need a crypto exchange to do that. However, not every crypto exchange is good or reliable enough for you to use. Every region and exchange has the best exchanges that crypto investors from such a region or country can use.
The following are some of the best crypto exchanges you can use within Latin America to buy your crypto assets or even trade them. We’ll examine their main features so that you can decide right away if you wish to use any of them or not.
Bitso isn’t one of the top cryptocurrencies in the world, but it’s definitely one of the best in Latin America. The platform was designed specifically to cater to investors in Latin America, and to make access to crypto easier for them.
You can deposit cash in local currencies of Latin American countries such as Argentine pesos, Mexican pesos, and Brazilian reals. Even though it only supports 9 cryptocurrencies including Bitcoin, this fiat deposit feature makes it ideal for South Americans to use.
Although designed for local use, Bitso allows its users to send and receive cryptocurrencies globally. You can access it on the web as well as on your mobile phone since it has a mobile app that is easy to use for both Android and iOS devices.
What’s more? Bitso has low trading fees that get lower as your trading volume increases, so you should check it out if you’re looking for an exchange in South America.
Volabit
Volabit is a crypto exchange particularly built for Mexicans, so you should check it out if you live in Mexico. It allows deposits in Mexican Pesos, which you can use to trade your favorite assets. The platform exchanges currencies for you, allowing you to buy and sell assets at a fixed price.
There are multiple ways to deposit funds on the platform, giving you several options to choose from when it comes to making a deposit. One of the ways is to add crypto from other wallets to your Volabit wallet if you don’t want to deposit Mexican pesos.
A major downside is that it doesn’t allow you to withdraw crypto assets directly. Instead, you’ll need to convert your assets to USD and transfer them to your Mexican bank account. Fees on Volabit are reasonable, charging 0.8% on any buy or sale order.
Panda Exchange
Panda Exchange is developed entirely in Latin America, making it a tailored platform for traders in the region. You can buy and sell top cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin using Colombian Pesos.
It also has an easy to use platform that nearly anyone can use to buy crypto assets within minutes. Panda Exchange is known for its round the clock support for customers, which means you’ll be attended to at any time you have an issue.
All you have to do is sign up on the website and complete KYC and you’re ready to trade. Like the others, Panda Exchange charges reasonable fees that you can afford, even though it doesn’t support so many assets.
Conclusion
If you’re in Latin America, these are crypto exchanges you can easily try using. Either you try Bitso which is for multiple Latin American countries, or any of the other two if you’re in the respective countries.
You’ll surely find one of them perfect for your use as you try to buy or trade crypto assets in the region.
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