How to Buy Cryptocurrency in Peru

Buying cryptocurrency in Peru

Buying cryptocurrency in PeruWitnessing the growth of cryptocurrencies such as Bitcoin in countries like Peru is very captivating. Like in many other countries during the pandemic, the crypto trade realm has blossomed in Peru. There seems to be a growing interest of the population to continue developing in the realm of asset digitization and online trading. Even though the pandemic has stunted the growth of many spheres, it has served to encourage blockchain audiences to invest funds and to think about further engagement in crypto. In 2020, the government of Peru made the decisive step of legitimizing cryptocurrency regulation. Thanks to this, the country’s citizens will be able to get to their virtual assets in a short time, since the government deemed electronic payments one of the most important necessities for citizens. Something like this is crucial in terms of Bitcoin (BTC), as it encourages people to consider it a form of investment.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Peru. 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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