Mercado Bitcoin Market is a Brazilian exchange situated in Sao Paulo that was established at the beginning of 2011 as the country’s first bitcoin exchange. With almost 1.5 million registered customers, it has become Brazil’s top cryptocurrency exchange, making it simple for locals to purchase and trade bitcoins. It is utilizing technology to grow and offer its users a better user experience and services. The exchange upholds three core values: Security, transparency, and freedom. Currently, Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin, and Ethereum are all traded on Mercado (ETH). The desire for a more decentralized financial system and interest in cryptocurrencies have grown significantly in South America. Brazil is one of the more well-known nations, therefore the requirement for a cryptocurrency exchange started before Bitcoin became a household name.

How to create a user account

1. You must first visit the website to sign up for an account.
2. On the website’s upper right-hand side, click the “Register” button.
3. You must supply an active email address. Give your birthdate and any identifying information.
4. As confirmation of identity for Brazilian residents, you must select between the CPF and CNPJ.
5. Select the “2-Step Authentication” option from the menu in the top right corner of the account screen to proceed.

How to get your password back

Go to the “Login” tab for Mercado Bitcoin and select “Forgot Password”. You can reset your password after providing your user ID and personal details.

Purchase of tokens

1. Go to the formal website and log in to your account.
2. Select “Trade” from the menu’s upper left corner, followed by the “Buy” option.
3. Click “New Order” after choosing the market you want to trade in.
4. Fill out the field with the value you want to swap for bitcoins.
5. Next, select “Submit Order”.

How to trade In tokens

1. Go to the formal website and log in to your account.
2. Click “Trade” in the menu’s upper left corner, followed by the “Sell” option.
3. Click “New Order” after choosing the market you want to trade in.
4. Fill out the field with the value you want to swap for bitcoins.
5. Next, select “Submit Order”.

How to fund your account

1. Go to the formal website and log in to your account.
2. Access the menu for the fund. Select “Deposit” from the menu.
3. Carefully read through our deposit checklist and all further instructions on the deposit page.
4. Use your bank to send a wire transfer and include the funding instructions.

How to get your money 

1. Go to the formal website and log in to your account.
2. Access the menu for the fund. Select “Withdraw” from the menu.
3. Carefully read through our deposit checklist and all further instructions on the deposit page.
4. Make the withdrawal using a wire transfer from your bank by following the financing steps.
5. You will be notified through email that a withdrawal from your account has been requested.

Fee and accepted payment methods

Along with deposits in fiat currency, the platform now takes BTC, LTC, and BCH from your wallet. For deposits made in fiat, the deposit fee is 1.99% plus R$ 2.00. Cryptocurrencies don’t have a deposit fee, but if you transfer them to another wallet outside of the service, there is a withdrawal fee.

At this cryptocurrency exchange in Brazil, taker trading costs are 0.70%. The fees are significantly more significant than the norm for the sector. At the same time, the maker trading charge on this exchange is approximately 0.30 percent.

Developed currencies

The following is a list of the cryptocurrencies that are accepted by Mercado Bitcoin:

• Bitcoin (BTC) (BTC).
• Litecoin (LTC) (LTC).
• A Bitcoin Cash (BCH).
• Ripple (XRP) (XRP).
• Ethereum (ETH) (ETH).

App for mobile

To manage your alternative currencies and exchange while on the go, check out the fantastic Mercado Bitcoin app available in the App store and play store.

Mercado Bitcoin trustworthiness

The level of security is very good. They offer a withdrawal whitelist option and two-factor authentication. They use a flexible multi-stage wallet technique that secures and keeps between 80 and 90 percent of assets offline. The upgraded withdrawal verification process requires users to provide evidence of the legitimacy of their identification documents.

Conclusion

One of the pioneers in the Brazilian cryptocurrency market is Mercado Bitcoin. The business facilitates trading in a handful of the most well-known coins and takes Real (BRL) deposits. For active traders, this is not a preferred location due to the price of trading, but it is a respectable entry-level organization. It is a special website available only to Brazilian citizens, not just a typical exchange market in Brazil. They provide newcomers to the Bitcoin game a good opportunity by allowing currency deposits.