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Residents, visitors and investors looking for where to buy and sell bitcoin in Paraguay already have a wide variety of options. From P2P exchanges to exchange houses for advanced traders. Those who venture into emerging cryptocurrency markets have fertile ground in Guaraní lands for their growth and economic independence.

According to the World Bank, Paraguay’s economy grew slowly between 2010 and 2019, which placed the country close to the top 10 economies in the region by GDP. After the global recession generated by the pandemic, it is estimated that it will be one of the least affected by the crisis in Latin America.

The country has also started to be seen in its potential to receive the boost from bitcoin and cryptocurrency-focused finance. The birth of local exchange houses, the financing by the government of projects involving blockchain technologies, and the development of an industry for Bitcoin mining, prove this perception.

In fact, Paraguay is the largest producer and exporter of clean renewable electricity in the world and this has served to start up mining farms. These allow their traders to make a profit by running teams that collaborate to protect the Bitcoin ledger.

Whether you want to rent mining power in the cloud or buy your own equipment, Paraguay can be an opportunity because it produces about 60,000 GWh / year and only 17% of that capacity is used by the domestic market.

If you want buy or sell bitcoin in ParaguayCheck out this list of P2P exchanges and cryptocurrency exchanges to trade like an expert or learn from scratch.

P2P exchanges to buy and sell bitcoin in Paraguay

P2P exchanges are a web environment for trading cryptocurrency exchanges with other people. The P2P exchanges that operate in Paraguay allow you to compare offers to buy and sell bitcoin from traders across the country. Through these platforms, people post ads so that others find the payment method that suits them best. For example, PayPal payments, Amazon gift cards, Paraguayan Guarani (PYG) bank transfers, and more.

You have options to choose different security features between P2P exchanges that operate in Paraguay. The alternatives range from exchange houses with guarded purses (that is, that keep the private keys to your coins) to exchanges that allow you to create wallets from scratch. In many cases, you will be able to link external wallets or hardware wallets such as Ledger and Trezor. You also have options to protect operations through smart contracts.

If you still don’t know which exchange house is best suited to your needs, in this CriptoNoticias article you can study the security features of 5 P2P cryptocurrency exchanges.

LocalBitcoins

LocalBitcoins is a P2P exchange that has been operating since 2012 and has reached more than 140 countries. Here you can find traders looking to sell or buy bitcoin in Paraguay through advertisements. If you don’t know how to create your own offer, in this CriptoNoticias tutorial we explain it to you in a simple way. LocalBitcoins accepts operations in exchange for bank transfers with guaraníes, PayPal balance, Amazon gift cards and international payment gateways such as Western Union.

Cryptocurrencies and fiat currencies: BTC / PYG. Commissions: 1% of the amount traded in each announcement of purchase or sale / transfers between LocalBitcoins wallets do not charge commissions / external wallet deposit 0.00015 BTC; Shipping to external wallet 0.00005 BTC Trade volumes: Between USD 3,000 and USD 9,000 per week (Useful Tulips) Mobile App: Expected in 2021.

Buy and sell bitcoin on LocalBitcoins

LocalCryptos

LocalCryptos is a P2P exchange that has been growing and already operates in more than 100 countries. It emerged in 2017 under the name LocalEthereum and over time it has been adopting cryptocurrencies to expand its markets. With this CriptoNoticias tutorial you can learn how to buy and sell bitcoin on LocalCryptos.

In addition, this exchange allows you to create your own wallet or link others such as Ledger, MetaMask or Trust, so that you can log in without entering a username or password on the website, thereby increasing your security. You also have the option to import your reputation from LocalBitcoins and Paxful.

Cryptocurrencies and fiat currencies: BTC, ETH, LTC, DASH / PYG Commissions: 0.25% to whoever publishes (maker) and 0.75% to who responds to the offer (taker). Trade volumes: 100 BTC and 6,000 ETH stored in LocalCryptos wallets (mid-2020) Mobile app: Does not own.

Buy and sell bitcoin on LocalCryptos

Binance P2P

Binance P2P emerged in 2019 as an App for traders who prefer to make peer-to-peer exchanges, although its appearance on the exchange’s website occurred in 2020. Since then it has reached almost every country in Latin America and in the Currently, its volume of trade in the region competes with other P2P services to exchange cryptocurrencies.

This exchange allows you to create advertisements for the purchase or sale of bitcoin in Paraguay in exchange for bank transfers with guaraníes, USD, Neteller, Amazon giftcard and other cryptocurrencies. We explain in this CryptoNews tutorial how to buy and sell bitcoin on Binance P2P.

Cryptocurrencies and fiat currencies: BTC, ETH, USDT, BNB, BUSD, DAI / PYG Commissions: According to the volume of trade, between 0.02% and 0.1% (maker) and 0.04% and 0.1% (taker) Trade volumes: 782,855 / $ 14,850 million (global, includes all Binance trading markets) Mobile app: Click here for Android and here for iOS.

Buy and sell bitcoin on Binance P2P

Centralized exchanges to buy and sell BTC in Paraguay

Centralized cryptocurrency exchanges (CEX) are platforms that allow you to buy bitcoin with cards, transfers with Paraguayan guaraníes and other cryptocurrencies. They are designed, too, so that anyone can trade with automated tools and use digital desktops that monitor the market.

Some of these centralized exchange houses allow leverage, staking or PoS, lending with cryptocurrencies and even trading bitcoin futures or DeFi markets. It does not matter if you are an advanced trader (or want to learn), in several of these exchanges you will find alternatives to trade with cryptocurrencies like in traditional stock markets. Consider that, in all cases, these platforms offer guarded wallets (that is, where the company keeps the private keys) but they offer liquidity and different forms of investment.

Binance

Binance is an exchange that started operations in 2017 and has 36 million traders around the world. This platform allows you to make staking or PoS, loans with cryptocurrencies, margin trading, OTC and derivatives operations, as we explain in our tutorial. Its P2P (person-to-person) service reached the Latin American market in 2020.

Binance offers a trading desk that allows you to trade at the expert or novice level. It can be downloaded on MAC and Windows operating systems, with the advantage that you can install it on versions prior to Windows 10. It also offers two versions to download on Linux systems.

Cryptocurrencies and fiat currencies: BTC, ETH, LTC, BCH, +184 / PYG Commissions: There are 9 levels for trading. Free deposits and varied commissions for other operations Trade volumes: 483,119 BTC / more than $ 4,435 million (global) Mobile app: Click here for Android, here for iOS and here for the Android APK.

Buy and sell bitcoin on Binance

Coinbase

Coinbase brings together 30 million users who trade in more than 100 countries. It was founded in 2012 in San Francisco, United States, where it is based. This exchange offers trading operations, OTC trading for companies and capital investment. Your users have the option to enable 2-factor authentication for their security. It also has technical support. To prevent the possibility of a hack, they indicate that all your funds are kept in cold wallets or offline.

More than 30 million users trade on Coinbase in 100 countries around the world. Source: Coinbase / wikipedia.org Cryptocurrencies and fiat currencies: BTC, ETH, USDT, +14 / PYG Commissions: 1.49% in purchases and sales / 3.99% credit cards / others depend on the type of operation. Trading: Coinbase Pro 26,332 BTC / Over $ 242 Million Mobile App: Click here for Android and here for iOS.

Buy and sell bitcoin on Coinbase

Bit2Me

Bit2Me is an exchange that emerged in 2015 and already has more than 700,000 users in 180 countries, supporting more than 20 currencies. In Paraguay, it supports different payment methods to buy bitcoin and has multiple products to facilitate exchanges with cryptocurrencies. In addition, it offers an API to integrate payments with cryptocurrencies in commercial applications, OTC purchases and technical support in Spanish for its users.

Bit2Me has support for more than 20 currencies in 180 countries. Source: bit2me / bit2me.com Cryptocurrencies and fiat currencies: BTC, ETH, BCH, LTC, XRP, DASH / PYG Commissions: buy 3% with cards and 2.5% with Tikebit / sale up to 1% plus fixed commission according to method Payment Trade volumes: No public data Mobile app: Click here if you use Android and here if you use iOS.

Buy and sell bitcoin on Bit2Me

Bitex

Bitex emerged in 2014 and already brings together more than 34,000 users in 50 countries. It has processed more than 200,000 transactions with a volume of USD 670 million. This exchange has options for advanced trading, sending remittances in the countries where it operates, a system to admit payments with cryptocurrencies in businesses and an OTC purchase service for companies in local currency.

sale BTC Uruguay exchange houseBitex offers a system to integrate payments with bitoin in businesses. Source: Bitex. Cryptocurrencies and fiat currencies: BTC, BCH / PYG Commissions: 0.5% deposits and 0.75% withdrawals (plus 0.6% for credit or debit cards) Trade volumes: No public data Mobile app: Does not have .

Buy and sell bitcoin on Bitex

Cripex

Cripex is an exchange of Paraguayan origin that hit the market in 2018 and has more than 2,000 users. The platform offers sending remittances with cryptocurrencies or guaraníes, OTC purchases for wholesalers and a platform for storage and exchange of cryptocurrencies that receives deposits with bank transfers. The company also has a cloud mining service and imports mining equipment.

Cryptocurrencies and fiat currencies: BTC, ETH, LTC, BCH, XRP / PYG Commissions: Between 1% and 5% per operation Trade volumes: No public data Mobile app: Does not have.

Buy and sell bitcoin at Ciprex

Buy and sell bitcoin on social networks in Paraguay

Social media groups for buy or sell bitcoin in Paraguay they seem to be little spread. In our search through Telegram we found three prospects, but they ended up being outdated or spam channels. The way to recognize them is by noting the absence of interaction in Spanish and the abundance of posts that only offer profit figures in no order.

On Facebook we weren’t very lucky either. We did not find public channels to buy and sell cryptocurrencies and only a few offer services of this type, but it seems that only the administrator makes publications and offers. Regarding the channels for the dissemination of information, the fate was similar. Only a few offer quality data and the volume of information is scarce (once a month on average) or is out of date. The best way to find out about market movements without a doubt it will be to visit the CriptoNoticias markets section.

Remember that if you find a group to exchange cryptocurrencies on Telegram, Facebook or WhatsApp, even if it is private, you must take precautions and verify the identity or reputation of your counterpart.

If you know a group and want to share it with the rest of the world, you can write to our emails or send us a message through our networks.


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