Buy Crypto & Bitcoin in Peru

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  • Popular Exchanges to Buy Crypto & Bitcoin in Peru
  • Coinmama exchange logo
    Coinmama
    BUY NOW at Coinmama's Secure Site
    Fees
    2.93% - 3.90%
    Account Minimum
    $30
    Promotion
    30% Referral Commission
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
  • cexio exchange logo
    CEX.io
    BUY NOW at CEX's Secure Site
    Fees
    0.10% - 0.25%
    Account Minimum
    $20
    Promotion
    Earn 30% Fees
    • Support for many countries and regions
    • SEPA & credit card supported
    • Trusted exchange around since 2013

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High

PaybisPaybis

Paybis is a popular cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

Pros
  • 24/7 live support
  • Extremily high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods
Cons
  • No traditional orderbook for advanced traders
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

CEX.ioCEX.io

CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately. CEX.io works in the United States, Europe, and certain countries in South America.

Pros
  • Support for many countries and regions
  • Low 0.2% trading fee
  • Established and trusted exchange
Cons
  • Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
  • GBP market lacks liquidity
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Ease of Use
Average
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
Average
Read Review

LocalBitcoinsLocalBitcoins

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
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Ease of Use
Hard
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Privacy
High
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
Average

AirtmAirtm

Airtm offers a peer community. You can buy and sell dollars or crypto in exchange for other forms of value. The platform provides trust and transparency by authenticating users and establishing a higher degree of identity validation to the peers who facilitate the transactions. Airtm provides an escrow system, so that value exchanges are fair and are completed as agreed.

Pros
  • Many payment methods available
  • Low fees for South American countries
Cons
  • Not private since identity verification is required
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

BitexBitex

Bitex.la is a Bitcoin exchange and broker which services many South American countries, including Brazil, Mexico, Argentina, Chile, Peru and Uruguay. You can fund your exchange account with cash or AstroPay.

Pros
  • Many payment methods available
  • Low fees for South American countries
  • Bitex brokers the sale of large amounts of bitcoin
Cons
  • Not private since identity verification is required
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

BudaBuda

Buda is a Bitcoin exchange for Chile, Peru, Argentina and Colombia, backed by investors from the United States. You can fund your exchange account using online bank transfer in all four countries. Cash can be used in Peru and Colombia. Funds are usually available within 3 hours if the transfer is made during the week during working hours.

Pros
  • Fast way to buy bitcoins
  • Good liquidity, meaning prices are good
  • High limit of $10,000 per month for those who complete full verification
Cons
  • Not private since identity verification is required
  • Very low limit of $100 per month for basic verification level (which includes ID number)
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Varies
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Reputation
Trusted
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Limits
High

SatoshiTangoSatoshiTango

SatoshiTango is a South American Bitcoin exchange. Users in Brazil, Colombia, Chile, Peru, Uruguay, Argentina, Costa Rica, Ecuador, El Salvador, Honduras, Panama and Nicaragua can use SatoshiTango to buy bitcoin.

Payment methods include bank transfer, bank wire, cash deposit in Buenos Aires or through a coupons from PagoFacil, RapiPago, BaproPagos, CobroExpress or ProvinciaPagos.

Pros
  • One of the best ways to buy bitcoins in the countries it covers
  • Allows for the payment of utility bills and the purchase of airtime with bitcoin
Cons
  • Not private since identity verification is required
  • Due to regulations, a separate account is needed for each fiat currency SatoshiTango accepts; USD, EUR and ARS
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Ease of Use
Hard
privacy icon
Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase

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Bitcoin & Cryptocurrency Trading in Peru


Peru is not really one of the first countries one thinks of when talking about Bitcoin. While Peru has a somewhat developed and stable economy compared to its neighbors in South America, it is not really considered a Bitcoin or tech hub and there is not much active development or startup culture to speak of in the country.

But with the recent 2021 presidential election of Pedro Castillo, many Peruvians are trying to protect their assets by purchasing cryptocurrency. It is expected that President-elect Castillo may attempt to nationalize several industries in the country. This has created fears that a currency devaluation will follow, and citizens may be turning to cryptocurrency as a refuge from those losses. It has been reported that trading volumes of cryptocurrency increased by over 20% in the week of the election and the weeks before and after the election.

Álvaro Castro Lora, a lawyer and founder of the Peruvian Blockchain Association said, “There are two reasons for the increasing crypto adoption in Peru, inflation, which has made people lose confidence in the Peruvian sol, and concerns regarding the government.”

If you want to invest as well, this post will explain just how easy it is to get Bitcoin in Peru.


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Shoppers in Lima, the capital of Peru

One of the easiest ways to buy Bitcoin in Peru is through cryptocurrency exchanges, outlined above. There are several exchanges offering Bitcoin in Peru, allows you to select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet).

Another way to buy Bitcoins in Peru is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private.


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Best Bitcoin Wallets for Peru



There are three main types of Bitcoin wallet and all of them are supported in Peru:

  • Software (desktop or mobile - iOS and Android wallets
  • Hardware wallet
  • Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Exchange Hacks and Crypto Scams in Peru


Bitcoin Phishing Attacks on Peruvian Banks

In August of 2018, a series of phishing emails targeting Peruvian bank employees was making the rounds.

The emails offered readers two links: the first to an exchange to invest in "new technology" with the second taking the reader to a video that explains investing in cryptocurrency.

This is what that email looked like:



However, the links in the email take the user to what look like malicious pages that download adobe flash files (their purpose is not clear) and then redirects the user to obvious phishing sites like this one:



Some users who had clicked the links also reported being affected by ransomware, and had to pay the hijacker Bitcoins in order to get their system unlocked.


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FAQ


Does Coinbase work in Peru?

Coinbase ONLY allows crypto-to-crypto conversions for Peruvian residents as of September of 2020.


Where Can I Find a Bitcoin ATM in Peru?

Unfortunately, there are only 3 Bitcoin ATMs in Peru, and they are all in the capital, Lima.

One in Case and Covers, one in La Tiendita de Nakamoto, and one in the Crypto Market, which is open for use 24 hours a day, 7 days a week.

You can use our Bitcoin ATM finder tool to find the one nearest you.

What is the price of Bitcoin in Peru?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in Peru?

Any exchange with a Sol trading pair will allow you to sell your Bitcoin for fiat currency. CambistaBitcoin has PEN trading pairs for many popular coins.

As mentioned previously, you can also use automated teller machines (ATMs) to buy Bitcoin.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

About the Author

jordan tuwiner
Jordan Tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.

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