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cryptop770 (OP)
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June 14, 2020, 10:13:53 AM
Last edit: June 14, 2020, 07:03:17 PM by cryptop770
 #1

This post will cover the various options available to buy Bitcoin, as well as other currencies, in Argentina.

We will review different methods of purchasing the cryptocurrency in Argentina. Some are anonymous and some require identification. Here you can find more information about maintaining your privacy when you purchase Bitcoin and Alts.


First get a Bitcoin wallet

As always, before buying any currency, we caution that it is not advisable to keep your crypto in trading broker sites/exchanges which sometimes close, hacked or may freeze or delete the user account for various reasons. Crypto coins should only be stored in a reliable wallet. Here you can read about common Bitcoin wallets and how to protect your holdings.

Bitcoin's popularity in Argentina

Bitcoin is very popular in Argentina and is a real alternative to the local currency, the Argentine peso. The Central Bank of Argentina's 2019 restrictions on buying dollars and buying Bitcoin with credit cards has increased the popularity of crypto even more. Bitcoin's November 2019 rate was almost 40 percent (!) higher than the average price of Bitcoin on stock exchanges around the world. This is a testament to Bitcoin's strength over the local peso that suffers from hyperinflation for years.


Crypto exchanges and P2P sites

Coinmama

One of the oldest Bitcoin exchanges, and one of the first that accepted credit cards. Coinmama has a simple user interface, and within minutes you can get approved and complete the transaction. The purchase fee is high, partly because of the complex clearing approval process. But the stock exchange is considered to be one the most reliable and stable. Click here for a complete registration guide.
Pros: Veteran and reliable stock exchange, available in dozens of countries around the world, allows Bitcoin to be purchased with credit and debit cards.
Cons: High fees, identification required.

CEX.io

Another reliable Bitcoin exchange, that is also operating in several South American countries, including Argentina. CEX.io enables purchasing of Bitcoin by credit or wire transfer AstroPay / ACH / SEPA. The interface is more complex than CoinMama and may not be suitable for inexperienced users. Click here for a complete registration guide. Click here for a registration guide.
Pros: Reliable stock exchange, good customer service, fees are very low.
Cons: The process of getting to know the customer is long and comprehensive, including pictures.

LocalBitcoins

LocalBitcoins is a P2P (person-to-person or peer-to-peer) exchange. It was one of the first P2P Bitcoin exchanges, and is the largest one today. LocalBitcoins is an escrow service. The seller and the buyer meet at the virtual trading arena and agree on the terms. The site itself serves only as an intermediary between the two parties. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer. Click here for the full review.
Pros: privacy, flexibility, most transactions are made in cash.
Cons: Most deals are on small amounts.

Wall of CoinsWall

Wall of Coins is another decentralized peer to peer cryptocurrency exchange in which users connect with one another. It operates since early 2017 in the US. Wall of Coins is not regulated, but that it very common when it comes to cryptocurrency exchanges. Wall of Coins has a good reputation and is considered a reliable exchange. It was never hacked and it has a large client base. The exchange doesn’t have a lot of trading possibilities, but that is a good thing since the trading process is simple and straightforward. Deposit and withdrawal options are wire transfer. Click here for the full review.
Pros: privacy (only your phone number is required), flexibility, low fees.
Cons: Most deals are on small amounts.

Bitcoin ATM
A Bitcoin ATM (automatic teller machine) is a kiosk that allows the exchange of Bitcoin or Alts for cash. A Bitcoin ATM is the fastest way to buy (and sell) bitcoins, and the process can be completed in minutes. Almost all ATMs have the same basic process:
You scan the QR code of your Bitcoin address.
You feed bank notes into the machine.
You click Send and wait for the Bitcoin to appear on your wallet address.

Here you can find ATM locations in Argentina, according to Coinatmradar.


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June 14, 2020, 12:03:08 PM
 #2

It looks like the article you shared forgot about the ATM. Argentine residents can also buy Bitcoin through ATMs, which until June 14 (based on coinatmradar.com data) are in 11 locations in Buenos Aires, or not change since March 2020.

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June 14, 2020, 01:11:46 PM
 #3

Sometimes this type of publication can bring confusion, since Bitcoin can be bought in many Fiat currencies, that is, it does not matter where in the world you are, it is very possible that you always get someone to sell you bitcoin in any currency and mainly the currency of greater use dollar.

Now, the importance of knowing which exchange working with licenses in your regions, lies in a legal issue of tributes or tax payments, business of purchase and sale, etc.

Argentina has an important advance in this matter acceptance of bitcoin, since it sees all kinds of businesses, ATM`s , Exchange.

This also brings the use of what in trade is called arbitration, it is a complex trade that sometimes times you have not only dollars, and the different exchanges that can produce benefits, passing in this case by the Argentine peso , then the dollar and BTC, being the order of how you do these operations those that leave profits.

Finally, as you can see various exchanges, the important thing is to know which ones have licenses approved by the Argentine government, if that is what you need for a legal process.

_________________

link : https://www.buybitcoinworldwide.com/argentina/


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cryptop770 (OP)
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June 14, 2020, 06:59:42 PM
 #4

Thanks for all the helpful comments!
ATM is definitely an excellent option. You can read about it here.

The post will be upgraded...
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June 15, 2020, 12:34:48 AM
 #5

...
Actually when you want to promote your website you should do it in another way, not in the background.
12 publications and in 6 he has placed a link to his website, if he is the owner or not his attitude is directly relates it. In the OP he placed 8 links.

My goal is always to help and when I offer a link it is usually a site that I use and that I have confidence in, as much as possible I try to make it not full of advertising, etc.

A link to visit is a great responsibility, although it seems simple, so I always seek to help over and above the commitments made by third parties.

If you can't buy a copper membership to use the features that will help you promote your website or the alliance you have with it, at least look for the appropriate section here in the forum and promote your website.

Excuse me, now On Topic

Please, I hope the information provided in this thread really helps to understand how to buy Argentine pesos (Fiat), which can be applied to any country in which bitcoin is considered a digital asset and has no restrictions.

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June 15, 2020, 03:55:29 AM
 #6

...
Actually when you want to promote your website you should do it in another way, not in the background.
12 publications and in 6 he has placed a link to his website, if he is the owner or not his attitude is directly relates it. In the OP he placed 8 links.

My goal is always to help and when I offer a link it is usually a site that I use and that I have confidence in, as much as possible I try to make it not full of advertising, etc.

A link to visit is a great responsibility, although it seems simple, so I always seek to help over and above the commitments made by third parties.

If you can't buy a copper membership to use the features that will help you promote your website or the alliance you have with it, at least look for the appropriate section here in the forum and promote your website.

Excuse me, now On Topic

Please, I hope the information provided in this thread really helps to understand how to buy Argentine pesos (Fiat), which can be applied to any country in which bitcoin is considered a digital asset and has no restrictions.

Nice catch, I wouldn't even have realized that this was his site. I also agree, the OP must stop advertising his site excessively. There are other ways to promote your site, like in your signature (which you can get after just one merit), instead of just promoting it in this way  Wink
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June 15, 2020, 04:25:10 AM
 #7

at the end of the day I stand behind the content and I believe the content can help. Additionally, when you enter the site, the first line of each article contains a message that the article may contain affiliate links. What's more decent than that.
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June 16, 2020, 06:23:33 AM
 #8

LocalBitcoins

LocalBitcoins is a P2P (person-to-person or peer-to-peer) exchange. It was one of the first P2P Bitcoin exchanges, and is the largest one today. LocalBitcoins is an escrow service. The seller and the buyer meet at the virtual trading arena and agree on the terms. The site itself serves only as an intermediary between the two parties. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer. Click here for the full review.
Pros: privacy, flexibility, most transactions are made in cash.
Cons: Most deals are on small amounts.
There is a competitor of LocalBitcoins, Paxful. You can check the Paxful P2P marketplace at https://paxful.com/. On Paxful, people have many payment methods to buy and sell their bitcoins.

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June 16, 2020, 11:43:59 AM
 #9

<…>
Incidentally, Paxful surpassed LocalBitcoins in trades worldwide last week, although it’s strength in LATAM is still weak in comparison to LocalBitcoins:

https://www.europeworldnews.com/paxful-outperformed-localbitcoin-for-the-first-time-in-weekly-bitcoin-exchanges/
https://www.usefultulips.org/Latin%20America_Page.html
https://www.usefultulips.org/paxful_Latin%20America_Page.html
-> mind the USD scale when comparing the above charts.

Paxful is growing, although its main market is in the USA. LATAM is an area where it could grow (not in Venezuela though: https://www.archyde.com/paxful-eliminates-operations-with-banco-de-venezuela-due-to-sanctions/).
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June 16, 2020, 11:53:23 AM
Merited by DdmrDdmr (1)
 #10

The changes in marketshare among Localbitcoins, Paxful and Bisq are as below.
The growth of Paxful is so fast in the last one year, from May 2019 to May 2020. Its marketshare has increased from about 34% to 48%.

Source: https://twitter.com/raw_avocado/status/1270386078982320129/photo/1

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June 16, 2020, 01:08:50 PM
 #11

Bitcoin is bought and sold in several ways in each country or in several countries However, in Argentina the link is employed to shop for bitcoin they need a link to their own site within the country and that we can easily buy bitcoin by registering in it. it's also possible to shop for bitcoin through peer to peer see transactions.

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