How to Buy Cryptocurrency in Argentina

Buying cryptocurrency in Argentina

Buying cryptocurrency in ArgentinaAlthough Bitcoin is not a legal currency in Argentina, people are using it more than ever. The crypto industry in Argentina saw record-breaking trading volumes in 2020 when Ripio, one of the largest crypto exchanges in the country, officially crossed the 400 000 users milestone. At the end of the year, Ripio had over 1 million users, which shows how significant 2020 has been for the development of the crypto industry in Argentina. Argentina's population turned to cryptocurrencies because of the economic struggles the country has been going through lately - including massive debts and high inflation. Crypto turned out to be the best alternative for storing wealth while the rest of the country's economy is on thin ice. It's easy to obtain cryptocurrencies in Argentina as there are a couple of popular exchanges to choose from. In fact, Argentina was one of the earliest adopters of cryptocurrency in Latin America where many businesses accept Bitcoin as a valid payment method.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Argentina. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below

Open a eToro Account

eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged.

eToro

eToro is a social trading platform that allows you to buy into cryptocurrencies, international stocks and shares and more complex financial assets. It also has an innovative Copy Trader feature where you can choose to follow other successful traders and automatically copy their trades to hopefully share in their success

Pros
  • Fully regulated financial institution
  • Trade crypto, stocks and other financial assets
  • Follow and copy the trades of expert traders
Cons
  • Fees (spreads) are high
  • Only USD as base currency
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Bybit

Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.

Pros
  • Advanced and secure technology
  • Anonymous accounts
  • Attractive trading bonuses
  • Very low fees
Cons
  • Limited asset coverage
  • No option instruments
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Kraken

Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan

Pros
  • It can be used to trade against fiat options
  • Robust security measures
  • Free SEPA deposits in Europe
Cons
  • Not a very beginner-friendly interface.
  • No card deposit options
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