{"id":390,"date":"2019-06-20T14:16:24","date_gmt":"2019-06-20T14:16:24","guid":{"rendered":"https:\/\/paybis.com\/blog\/?page_id=390"},"modified":"2023-07-21T15:16:11","modified_gmt":"2023-07-21T15:16:11","slug":"mercado-bitcoin-alternatives","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/mercado-bitcoin-alternatives\/","title":{"rendered":"Best Mercado Bitcoin Alternative – to Buy & Sell Bitcoin"},"content":{"rendered":"

In this post, we take a look at<\/span> ‘Mercado Bitcoin’ Alternatives and offer alternative solutions for those who want to buy Bitcoin in a convenient and cost-effective way.<\/strong><\/em><\/p>\n

The South-American continent has seen a tremendous rise in its interest towards cryptocurrency and a more decentralized financial system.<\/span><\/p>\n

Especially for bigger countries like Brazil, the need for a cryptocurrency exchange arose before Bitcoin became a household name. <\/span><\/p>\n

For that reason, Mercado Bitcoin was created. The Exchange\u2019s name, which stands for Bitcoin Market, is considered to be the biggest cryptocurrency exchange in Brazil. \u00a0\u00a0<\/span><\/p>\n

In order to create an account, you will need to have a Brazilian ID. Therefore, we are unable to get a first-hand experience of its key features and purchase process.<\/span><\/p>\n

Nevertheless, we did our research and read a large number of reviews on the web, to help us get a better understanding of the exchange\u2019s pros and cons. <\/span><\/p>\n

We also reached out to a number of different people in our network who do have an account on Mercado Bitcoin and asked them for an opinion.<\/span><\/p>\n

So, if you are thinking about using Mercado Bitcoin, or looking for the best Bitcoin alternative exchange, this post is a must-read.<\/span><\/p>\n

Why choose a ‘Mercado Bitcoin’ Alternative?<\/span><\/h2>\n

If you are comparing exchanges hoping to find an exchange with lots of payment options and ease of use, you may need to start looking for alternatives.<\/span><\/p>\n

While Mercado Bitcoin is currently the mainstream option for the Brazilian public, it does have several drawbacks that need to be addressed:<\/span><\/p>\n

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  1. Only Brazilian citizens<\/strong> can sign up on the platform<\/span><\/li>\n
  2. Account verification is often slow<\/strong><\/span><\/li>\n
  3. The exchange does not accept credit cards<\/strong><\/span><\/li>\n
  4. There is a very limited amount of payment methods<\/strong><\/span><\/li>\n<\/ol>\n

    Having said that, let’s take a look at these drawbacks in more detail:<\/p>\n

    1. Only Brazilian citizens allowed<\/span><\/h3>\n

    \"Mercado<\/path><\/svg><\/a><\/picture><\/p>\n

    The main disadvantage of many locally specialized exchanges is the fact they don\u2019t accept foreign clients. <\/span><\/p>\n

    Of course, this is not an issue for Brazilians. <\/span><\/p>\n