How to Trade on Mercado Bitcoin: A Guide for the Brazilian Crypto Trader
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.
.jpeg)
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?
.png)
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.
.jpeg)
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
