How to Buy Cryptocurrency Using PIX in Brazil
Introduction
For many Brazilians, crypto offers a very useful tool to interact with investments and payments in the thriving South American nation. Brazil is currently one of the top five countries with the largest number of crypto investors, with over 16 million users, which is approximately 7.8% of the population.
What is PIX?
With this rising interest in cryptocurrency, the payment infrastructure to enable fiat on-ramps is vital for the market. That is where PIX comes in. Launched in 2020, PIX is an instant payment platform created and managed by the monetary authority of Brazil, the Central Bank of Brazil, which enables the quick execution of payments and transfers.
It is a structured ecosystem that allows payments to be made instantly using users' PIX keys i.e. such as their CPF number, e-mail address, cell phone number, random keys (a randomly generated UUID), and a QR code (static or dynamic). Companies will typically have to use their CNPJ number to make PIX payments connected to the specific transaction account.
How to use PIX on Bitget
How to deposit BRL on Bitget
Step 1: Log in to your Bitget account and click [ Buy Crypto] - [Bank Deposit].
Step 2: Select [BRL] under [Select Currency] and choose to pay with [Bank Transfer (PIX)], Click [Next].
Step 3: Confirm the CPF number of your personal account and wait for CPF verification. Please note If you have not verified your identity before, you will need to verify your identity before CPF confirmation. If your CPF has been verified in Identity Verification or if you have successfully deposited it to Bitget before, you will not see this pop-up.
Step 4: Enter the amount you want to deposit. You will see the transaction fee (if any), then click [Next].
Step 5: Follow the instructions on the screen to transfer BRL from your bank to your Bitget account.
Please wait patiently for your bank to process your order. You can go to [Fiat Transaction History] to check the order status.
When you have deposited BRL you can now easily swap BRL for whatever cryptocurrency i.e. USDT on the spot BR L/USDT trading pair, instantly.
How to withdraw BRL on Bitget
Step 1 - Log in to your Bitget account and click [Bank Deposit] - [Fiat Withdraw].
Step 2 - Enter the amount you want to withdraw, and click [Next].
Step 3 - Review the withdrawal confirmation and click [Confirm].
Note: The bank account that will receive the withdrawal must be owned by the same person as the Bitget account from which the funds are being withdrawn. Your withdrawal orders will be processed as soon as practicable if your order is placed during banking hours. If you make a withdrawal order outside banking hours, it will be processed on the next business day.
Step 4. Complete 2FA and click [Next].
Step 5. Click [View History] to confirm the withdrawal is successful.
Simply create an account, and start exploring the incredible Bitget-Verse today!
- Bitget P2P Introduction2024-11-07 | 5m