We have never had so many people who own crypto as now in our country: there are a little more than 4.1 million people, according to a recent report from the Federal Revenue. To give you an idea, this number is very close to the 5 million who have CPF in B3 and represents just over a quarter of the number of people who are in fixed income, which is 17 million.
With a market of non-negligible size, it is important to observe which are the best existing platforms, to know where new people are likely to place their resources to invest in the crypto market.
The selection criteria for these five exchanges (brokers) was based on a Proteste study published at the end of March of this year and talked about the exchanges responsible for about 90% of all negotiations carried out on centralized exchanges (CEX) in Brazil.
In addition, the presentation of the five exchanges will be done briefly telling about the origin and also a curiosity about them. Let's go there!
Binance
Founded in 2017, the company of Asian origin is the largest exchange in the world, being present in more than 140 countries and having more than 190 million users around the planet.
Only considering physical offices, Binance is in just over 40 countries, including Brazil.
A notable differential aspect of the company is that it has a native token, Binance Coin (BNB). With this, in addition to all the cryptocurrencies present on its platform, those who use this exchange can also have in their portfolio a currency that could accompany the growth of the company, almost as if it were a share of the company.
And since it is the largest exchange in the world, that doesn't seem like a bad idea.
Bitcoin Market
The Brazilian 2TM group that runs the company began its activities in 2013, making this exchange one of the veterans in operation in Brazil. The start actually occurred in 2011, but the potential as a business was realized two years later.
Another important milestone for the company was an investment received in 2021 from Softbank: R$ 200 million that served to expand the business ecosystem itself.
Mercado Bitcoin's differential has to do precisely with this set of its own businesses that gained traction after Softbank's investment: custody, tokenization, digital account, balcony market for large clients and even an equity crowdfunding platform, all operated by the company. company.
Foxbit
The start of this Brazilian company occurred in 2014, making it the second oldest in operation on this list. In 2019, according to the Deloitte/Exame ranking, it was considered the company that grew the most in Brazil, considering the universe of small and medium-sized businesses.
An interesting differential aspect to note about Foxbit is the fact that it has a specialized customer service team. Probably the origin of this approach has to do with a trajectory that will complete a decade in 2024: knowing users of all types and their doubts, they decided to implement an active help center.
NovaDAX
Started in 2018 and led by Abakus Group, which is a group of companies of Chinese origin, NovaDAX emerged in Brazil to continue a project here that, globally, has already attracted more than US$300 million in investments and focuses on action in the technology sector.
Its sister companies are Wecash and Abakus Tech.
An interesting differential aspect of this exchange is the focus on the security of internal transactions and the resources left on the platform itself: the company invests in its own blockchain to record the transactions carried out, the assets that remain in it They are stored in "cold wallets" with multiple signatures and, in addition, the platform has SSL A+ certification.
BityPrice
This is the first case on this list of an exchange marketplace. This is a company a little different from the previous ones: this business, born in 2018, places various exchanges in one place, allowing those who use it to find the best token prices even more directly.
The difference that this platform brings is directly related to the fact that it is an exchange marketplace. Through the associations that BityPreço has with various exchanges, it manages to reduce operating rates precisely due to the financial flows that lead to them.
That is to say: the client with the most options wins and the associated exchanges also win, as they have more money under management.
Criteria for choosing an exchange
In addition to knowing a little more about the cryptocurrency exchanges that have the most presence in Brazilian transactions, it is worth keeping an eye on some characteristics in all of them:
Security: Transactions must be secure, this aspect is essential.
Available platforms: It is important to know, both for ease of use and for understanding the resources, if you can access the exchange only through a computer/laptop or also through mobile applications.
Fees involved: Check, before starting to operate on an exchange, what fees are charged for each transaction you make (and, also, if there are charges to keep your account active).
User experience and perception: Understanding all the technical aspects announced by the company is one step, but confirmation of these lies in verifying with those who already use the platform if everything is really fulfilled.
By knowing the peculiarities of the five largest exchanges in Brazil and taking some additional tips, you now have a better chance of trading safely in this market. It's time to start!
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Image by proilya174, available on Freepik
