How to Trade on Mercado Bitcoin: A Guide for the Brazilian Crypto Trader

How to Trade on Mercado Bitcoin: A Guide for the Brazilian Crypto Trader

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Brazil is the third-largest market for Google search in the world, which is a sign of the internet being used by millions of Brazilians to learn and research things they are interested in. For crypto traders, this means that Brazil has a massive potential audience for virtual currencies. There are many barriers to entry when it comes to investing in cryptocurrencies. The majority of people who find out about them don’t know how to buy them or where to do so. This article will walk you through how you can trade on Mercado Bitcoin as well as other exchanges like Cnova and B2W VENDAS that have integrated with the Mercado Bitcoin exchange.

What is Mercado Bitcoin?

Mercado Bitcoin is the largest cryptocurrency exchange in Brazil. It has been around for quite a few years now, and it has many advantages over other exchanges that operate in the country. The exchange offers traders a wide array of virtual currencies to purchase, as well as a wide range of different payment methods that can be used to buy these cryptocurrencies. You can use Brazilian Reals, USD, EUR, and even Bitcoin to purchase most of the listed cryptocurrencies. The exchange works very similarly to other popular exchanges like Binance and Coinbase. The Mercado Bitcoin exchange is owned by a company called Foxbit. Foxbit is a tech company that specializes in the development of internet-based solutions. One of their biggest and most important ventures is the Mercado Bitcoin exchange.

Why should you trade on Mercado Bitcoin?

- Secure exchange - The exchange has never been hacked, which is a rare occurrence in the crypto world. - Great customer support - If you ever experience any difficulties while setting up an account, trading, or withdrawing funds, Mercado Bitcoin has a very helpful customer support team. - Massive liquidity - With a daily trading volume exceeding $100 million, the exchange has a large amount of liquidity. - Wide array of payment methods - You can fund your account with a wide array of payment methods. This includes cash, bank transfers, and even gift cards that can be redeemed with Bitcoin. - 24/7 trading - You can trade on the exchange at any time of the day or night. - Wide array of altcoins - You can purchase a wide array of different altcoins on the exchange. - Low fees - Mercado Bitcoin has very low fees, especially when you compare it to other exchanges in the region.

How to sign up for a trading account on Mercado Bitcoin?

To sign up for an account on Mercado Bitcoin, you first need to visit their official website and click on the “Sign Up” button. You will then be guided through the account creation process, which is quite simple. Once you have created an account, you will be required to verify your personal information. This will happen through a document verification process. The exchange will send you a document with a Mercado Bitcoin watermark on it and a code. You will need to take this document to a public notary and get it verified. When you return the document to the exchange, you will be fully verified and ready to start trading.

How to buy and sell using the Mercado Bitcoin platform?

Once you have set up an account and verified your identity, you can start trading on the Mercado Bitcoin exchange. This is a very simple process, and you don’t need any special knowledge. You can find a detailed explanation of the buying and selling process here.

Final Words: Was this guide useful?

If you are a Brazilian crypto trader, Mercado Bitcoin is the best place for you to trade and exchange your virtual currencies. This exchange has many advantages over other exchanges operating in the country, and it is the best place to trade your crypto coins. If you enjoyed this article and would like to learn more about trading on Mercado Bitcoin and other Brazilian exchanges, we recommend you follow up on our website and you can also comment in the comments section below any of the questions you could have

 

CoinSmart Review (May 2022): Canada’s #1 Crypto Exchange

Founded in 2018, CoinSmart is one of Canada’s fastest-growing and most trusted cryptocurrency platforms. It’s an easy way for Canadians to buy and sell digital currencies like Bitcoin, Ethereum and more, making it the ideal exchange for Canadians who want to invest in the booming cryptocurrency markets. Once you’ve opened and verified your CoinSmart account, you can fund your account using INTERAC e-Transfer, wire transfer, bank draft, cryptocurrency, or your credit or debit card. CoinSmart’s SmartGuarantee guarantees that all deposits are credited to your account the same day CoinSmart receives them, all cash withdrawals are processed within 5 business days, and all account verifications are processed same day. To start off this CoinSmart review, let’s look a bit deeper at CoinSmart’s pros, cons and features so you can get a better feel for what they have to offer.

What Is CoinSmart?

CoinSmart is Canada’s leading cryptocurrency exchange. It’s an online platform where you can buy and sell digital currencies like Bitcoin and Ethereum. Digital currencies are a fast-growing asset class where you can make money both when the prices are rising and falling. If you buy low and sell high, you make a profit. If you buy high and sell low, you lose money. Because there is so much uncertainty involved in trading cryptocurrencies, many newcomers are hesitant to get involved. That’s where CoinSmart comes in.

CoinSmart Pros

Before we dive into the nitty-gritty of this CoinSmart review, let’s look at the features that are going to make this the number one choice for many Canadian crypto traders. Pros

Features

This Canadian exchange has been rated one of the best in the country because of a few key features.

Bank-Level Security

CoinSmart’s security features are top-notch. They’ve partnered with McAfee and use VISA’s security protocol to keep your assets safe. You can rest assured knowing the team behind your online financial security will do everything in their power to protect your assets from fraud.

Excellent Customer Support

This is an area where CoinSmart really stands out. Getting support for your concerns, questions or issues is extremely easy. First, you can connect with the team 24/7 through email or live chat. You can also reach them by phone from 8 am to 10 pm EST daily. You can also find a wealth of information on their website.

Instant Account Verification

Unlike other Canadian cryptocurrency exchanges, CoinSmart makes it easy to get verified and start trading. Their automated verification process takes a few minutes and doesn’t require you to send them a bunch of documents.

Cryptocurrencies On CoinSmart

CoinSmart lets you trade more than just Bitcoin. You can also buy and sell Ethereum, Litecoin, Bitcoin Cash and a handful of other popular altcoins.

CoinSmart Fees

When you trade on CoinSmart, you’ll pay competitive fees. When you buy cryptocurrency, you’ll pay a fee of 1.49% of your total purchase. When you sell cryptocurrency, you’ll pay a fee of 0.25% of your total sale. CoinSmart’s fees are lower than what you’ll likely find in the U.S. But they are a bit higher than what you’d find in Europe.

Excellent Mobile App

You can access your CoinSmart account 24/7 on the go via the mobile app. The app is simple and easy to navigate, making it a great option for beginner and veteran traders alike.

Conclusion

All in all, CoinSmart is an easy-to-use platform that makes it easy to buy and sell cryptocurrencies. It’s got a host of security features and excellent customer support to back it up. If you’re ready to start investing in cryptocurrencies like Bitcoin and Ethereum, then you’ll want to sign up for CoinSmart today. It’s one of the easiest and most secure ways to get started trading digital currencies.