Top Crypto Exchanges in South America: A Comparative Guide
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Kraken - Best for trading crypto-fiat pairs (supports 7 fiat currencies, simple trading platform)
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OKX - Best automated trading solutions (copy trading, easy bot integration)
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BTCC - Multi-regulated exchange supporting copy trading, spot cryptocurrency trading, and derivatives with leverage up to 1:500.
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Coinbase - Highest level of security (multiple regulations, high data protection standards)
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Nebeus - Crypto platform registered with the Bank of Spain supporting 30+ cryptocurrencies, staking, crypto-backed loans, and a wallet with IBAN for euro transactions.
At Traders Union, we evaluate cryptocurrency exchanges in South America to help traders find safe, reliable, and feature-rich platforms while avoiding unregulated options.
To recommend the top exchanges for South America, we analyzed 100+ platforms using 140 measurable data points, focusing on security, fees, regulation, usability, and advanced trading tools.
Our transparent Methodology ensures data-driven recommendations, helping both beginners and professionals choose the best crypto trading platforms in South America
Risk warning: Cryptocurrency markets are highly volatile, with sharp price swings and regulatory uncertainties. Research indicates that 75-90% of traders face losses. Only invest discretionary funds and consult an experienced financial advisor.
Comparison of leading crypto trading platforms in South America
We compared crypto exchanges based on key factors:
- Supported in most countries of South America
- Minimum deposit
- Range of supported cryptocurrencies
- Spot maker fee rates
This analysis highlights the top exchanges in South America, ensuring they meet the needs of both novice and experienced traders.
| Kraken | |||
|---|---|---|---|
| Accepts residents of South America |
Yes
|
Yes
Yes
Yes
Yes
|
Yes
Yes
Yes
Yes
|
| Minimum deposit, USD | 10 | 10 10 10 5 | 10 10 10 5 |
| Coins Supported | 278 | 329 399 249 30 | 329 399 249 30 |
| Spot maker fee | 0.25 | 0.08 0.2 0.5 Not available | 0.08 0.2 0.5 Not available |
| Study review | Study review | Study review Study review Study review Study review | Study review Study review Study review Study review |
We have thoroughly evaluated the strengths and weaknesses of the top cryptocurrency exchanges in South America, providing overall ratings based on our proprietary, data-driven methodology.
| TU Overall Score 9.2 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
7.6
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
6.2
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
9.8
/10
|
- convenient, intuitive terminal with one-click trading;
- all major cryptocurrencies, as well as seven fiats;
- margin trading, as well as futures and indices trading ;
- large leverage (x5 for margin, x50 for futures trading);
- an extensive database of information and training materials;
- large trading volumes on the exchange provide high liquidity;
- some of the lowest fees in the cryptocurrency market.
- no investment programs;
- no call center.
| TU Overall Score 8.9 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
7.2
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
9.3
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
7.5
/10
|
- The availability of various investment programs.
- Proprietary educational academy with useful materials.
- Wide range of cryptocurrencies.
- The exchange is multilingual and available in 20 languages.
- A mobile app is available.
- The exchange uses cold and hot wallets with a high-security level.
- The company offers cryptocurrency listing services.
- Trading and depositing in fiat currencies are not available.
- Few ways to contact client support
- The company is unlicensed and unregulated.
| TU Overall Score 7.8 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
5.5
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
5.2
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
10
/10
|
- Registered and regulated in the United States (FinCEN), Canada (FINTRAC), and Europe.
- Cold wallet asset storage with multisignature protection and two-factor authentication (2FA).
- Spot trading for more than 300 cryptocurrencies and futures with up to 1:500 leverage.
- Mobile apps and TradingView integration for advanced chart analysis.
- No staking or passive income options beyond copy trading.
- Fewer trading pairs than some other exchanges.
| TU Overall Score 7.7 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
7.3
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
5.1
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
9.5
/10
|
- you can trade a vast array of cryptocurrencies on the exchange;
- hassle-free registration and verification;
- all assets are in offline storage;
- the exchange ensures the security of users’ assets;
- available are a free e-wallet and a virtual card;
- complex solutions for individuals, businesses, and developers;
- powerful analytical base and unique training guides.
- there are no passive earning options;
- some of the information is available in English only.
| TU Overall Score 7.6 /10 | |
|---|---|
|
User Satisfaction score
Overall user experience and feedback based on ease of use, customer support, and platform reliability.
|
7.8
/10
|
|
Commissions and fees score
Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
|
7.8
/10
|
|
Regulation and safety score
Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
|
10
/10
|
- Registration in several jurisdictions as a provider of custody and digital asset operations services.
- Crypto-backed loans without selling assets.
- Loan interest rates from 4% per year.
- Support for more than 30 cryptocurrencies.
- Staking with yields up to about 7.5% per year on selected assets.
- Nebeus Wallet for storing, sending, and receiving cryptocurrencies.
- Vault storage for long-term asset protection.
- Personal IBAN for euro transactions and bank transfers.
- Insurance coverage up to $250 million for BTC and ETH.
- No full exchange-style trading functionality.
- A smaller range of cryptocurrencies compared to major crypto exchanges.
Why trust us
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What are the cheapest crypto exchanges in South America
To determine the cheapest cryptocurrency exchanges in South America, we analyzed trading fees of the leading platforms in the region. Specifically, we evaluated maker and taker fees for both spot and futures trading and compared these values against market averages based on an analysis of over 100 exchanges.
Additionally, we reviewed deposit and withdrawal fees to provide a comprehensive assessment of the most cost-effective options for cryptocurrency trading in South America.
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Trading fees:
We compared base-level fees for spot and futures trading, including maker and taker fees. However, exchanges in South America offer significant discounts for traders as their trading volume increases.
Kraken Market average Based on comparing fees across more than 200 cryptocurrency exchanges. Spot maker fee, % 0.25 0.08 0.2 0.5 Not available 0.194 Spot taker fee, % 0.4 0.1 0.3 0.5 Not available 0.157 Futures maker fee, % 0.02 0.02 0.025 0.04 Not available 0.024 Futures taker fee, % 0.05 0.05 0.045 0.02 Not available 0.053 -
Deposit and withdrawal fees and payment options
We also compared crypto exchanges deposit and withdrawal fees, as well as the payment methods available in South America.
Kraken Deposit fee NoNoNoNoNoNoNoNoNoWithdrawal fee 0.0005 BTC 0.0004 BTC
2.6 USDT 0.0004 BTC
0.005 ETH
6%. if there was no futures trading Fixed fee - 25 USD
PayPal - 1.5%
USDC - 10 USD Varies0.0004 BTC
2.6 USDT 0.0004 BTC
0.005 ETH
6%. if there was no futures trading Fixed fee - 25 USD
PayPal - 1.5%
USDC - 10 USD VariesBank Wire YesNoYesYesYesNoYesYesYesBank cards YesYesYesYesYesYesYesYesYesPayment services YesYesYesYesYesYesYesYesYesP2P NoYesNoYesNoYesNoYesNo
What are the safest exchanges in South America
The safety of exchanges in South America was assessed based on Tier-1 regulation Tier-1 regulation refers to the highest level of financial oversight provided by globally recognized regulatory authorities, ensuring strict compliance with security, transparency, and user protection standards. , security measures (e.g., 2FA, cold wallets), and the absence of successful hacking incidents. Exchanges with Tier-1 regulation are the most reliable, as they comply with strict international standards.
| Kraken | |||
|---|---|---|---|
| Tier-1 regulation |
Yes
|
No
Yes
Yes
Yes
|
No
Yes
Yes
Yes
|
| Government-regulated |
Yes
|
Yes
Yes
Yes
Yes
|
Yes
Yes
Yes
Yes
|
| 2FA |
Yes
|
Yes
Yes
Yes
Yes
|
Yes
Yes
Yes
Yes
|
| Cold wallet storage |
Yes
|
Yes
Yes
Yes
Yes
|
Yes
Yes
Yes
Yes
|
| Investor protection fund |
No
|
Yes
No
Yes
No
|
Yes
No
Yes
No
|
Is crypto market regulated and taxable in South America
Crypto regulation in South America
In South America, cryptocurrency regulations vary widely. Brazil legalized crypto as a payment method in 2022, requiring exchanges to register with the Central Bank of Brazil. AML/KYC compliance is mandatory, but cryptocurrencies are not recognized as legal tender. Argentina treats crypto as property but bans financial institutions from facilitating crypto-related transactions. In Colombia, the Superintendencia Financiera prohibits banks from handling cryptocurrencies, although trading is allowed. Bolivia initially banned crypto in 2014, but restrictions have eased, and its legal framework remains unclear. Ecuador prohibits crypto as a payment method but allows possession and trading. Venezuela legalized crypto assets and introduced the state-backed “petro,” though its use is limited and heavily regulated. Restrictions often include bans on foreign exchanges, mandatory registration, and strict AML compliance. Deposit insurance for crypto is absent across the region, leaving investors unprotected.Taxation of cryptocurrencies in South America
Taxation policies are evolving. Brazil applies capital gains tax to crypto transactions exceeding BRL 35,000, with progressive rates up to 22.5%. Argentina taxes crypto profits as part of income, with rates ranging from 5% to 35%. Chile considers cryptocurrencies as assets, subjecting gains to capital gains tax, while Colombia taxes crypto profits under income tax laws. In Venezuela, crypto transactions are taxed at rates between 2% and 20%, depending on the payer’s status. Ecuador and Bolivia do not have specific crypto tax policies but apply general income tax rules. Lack of harmonized regulations and vague definitions create compliance challenges, but reporting requirements are increasing as governments seek to close regulatory gaps.The information on cryptocurrency taxation in South America is provided for informational purposes only. Be sure to consult a professional for accurate guidance.
Crypto exchanges in South America offering sign-up bonuses
We’ve analyzed and compared the registration bonuses offered by international platforms available in South America. Discover the key benefits and conditions of these bonuses to find the exchange that suits your needs best.| OKX | Coinbase | Bybit | |
|---|---|---|---|
| Bonus/promotion name | OKX Welcome Bonus | Spin the Wheel | $5,000 in Welcome Rewards |
| Bonus Size ($, %) | Up to $50 in crypto | $3 - $200 | Up to 5,000 USDT |
| Expiration date | Unlimited | Unlimited | Unlimited |
| Referral code or referral link to the bonus page | Claim your bonus | Claim your bonus | Claim your bonus |
What are the best crypto exchanges for beginners in South America?
The best crypto exchanges for beginners in South America offer:
| OKX | Coinbase | Crypto.com | |
|---|---|---|---|
| Education | 7.1 | 7.7 | 8 |
| P2P account |
Yes
|
Yes
|
Yes
|
| Demo account |
Yes
|
No
|
No
|
| Staking |
Yes
|
Yes
|
Yes
|
| Copy trading |
Yes
|
No
|
No
|
| Beginner friendly app |
Yes
|
Yes
|
Yes
|
How choose the best crypto exchange in South America?
When choosing a crypto exchange in South America, consider these essential factors:
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Supported Cryptocurrencies
Ensure the exchange supports a wide range of coins, including altcoins and stablecoins, especially if you plan to diversify beyond Bitcoin. A broader selection offers greater flexibility for both trading and investment.
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Local Payment Options
Opt for platforms that support local payment methods in South America, such as bank transfers, mobile money, or local e-wallets. This simplifies deposits and withdrawals while reducing currency conversion fees.
-
Transparent Fees
Compare trading fees, withdrawal charges, and any hidden costs. Lower fees mean higher profits, so look for exchanges with competitive pricing structures that clearly display all costs upfront.
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Robust Security
Prioritize exchanges with strong security measures, including two-factor authentication (South America), cold storage for funds, and regular audits. Review the platform's history to ensure no major hacking incidents.
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Educational Resources
For beginners, exchanges with demo accounts, tutorials, and a strong educational section can help you learn trading strategies and reduce risks.
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Customer Support
Reliable customer service is essential, especially for troubleshooting technical or account issues. Choose platforms with 24/7 support and multiple contact methods.
Expert advice for traders in South America
Having witnessed exchange hacks and scams, I always recommend platforms that store assets in cold wallets and offer multi-signature protection. Features like two-factor authentication (2FA) and withdrawal whitelists add extra security layers. Avoid exchanges lacking clear security protocols, as they put your capital at risk. A strong security track record and regular audits indicate a platform's commitment to protecting user funds.
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Team that worked on the article
Anastasiia has 17 years of experience in finance and content marketing. She believes that the support of information and expert opinion is very important for the success of investors and new traders.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets.