Summary
Cryptocurrency is legal in Argentina, with growing adoption despite economic challenges. Popular payment methods include bank transfers and credit cards. The Argentine peso (ARS) is supported by major exchanges. The Central Bank of Argentina (BCRA) and the National Securities Commission (CNV) are key regulatory bodies overseeing crypto activities. While there’s no comprehensive crypto law, existing regulations apply to digital assets. Here are the best crypto exchanges in Argentina:
- Binance – Extensive crypto selection, competitive fees
- Bybit – User-friendly platform, diverse trading options
- SatoshiTango – Local exchange, ARS support
- MEXC – High liquidity, wide range of altcoins
- Gate.io – Advanced trading features, extensive asset listings
Best Crypto Exchanges in Argentina
This article examines the top crypto exchanges available to Argentine investors, focusing on platforms that support the local currency (ARS) and offer suitable payment methods. We’ll evaluate exchanges based on their features, fees, and regulatory compliance to help you make an informed decision in the Argentine crypto market.
For Argentine users, bank transfers and credit card payments are widely supported methods for funding accounts. However, it’s essential to consider factors such as fees, processing times, and any restrictions that may apply when choosing a deposit method.
1. Binance
Users:
200m
Free Demo:
Mobile App:
Bonus:
$100
Cryptos:
400+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.05%
Pros
- Most comprehensive crypto exchange
- Most advanced features and products
- 24/7 customer support
- 400+ cryptocurrencies
- Reputable with over 200 million users
- Best liquidity
Cons
- Not beginner friendly
- Restricted in many regions due to regulations
- EU traders must use BNFCR for futures trading
Overview
Reaching over 200 million registered users in 2024, Binance is by far the largest crypto exchange in the world. The platform is incredibly comprehensive, offering crypto traders all the tools they need to make a profit in the crypto market.
With over 400 cryptocurrencies to trade, leverage of up to 125x, directly integrated charts from TradingView with tons of technical analysis tools, and many more features, Binance has secured its spot as one of the best crypto exchanges.
Binance offers a wide variety of products, including spot, margin, futures, and options trading, staking, lending, P2P, automated bot trading, copy trading, and even an NFT marketplace. It is safe to say that crypto geeks will find everything they are looking for on Binance.
The trading fees on Binance are very affordable. Binance charges 0.1% trading fees on the spot market (makers and takers alike), which is the industry standard. Where Binance excels is the futures market with fees of only 0.02% for makers and 0.05% for takers.
2. Bybit
Users:
40m
Free Demo:
Mobile App:
Bonus
$30,000
Cryptos:
600+
Leverage:
100x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.055%
Pros
- Low fees
- 600+ supported crypto assets
- 100x leverage and deep liquidity
- Advanced order types and additional features
- Great 24/7 customer support
- Automated copy trading
Cons
- Regulatory uncertainty in Europe and USA
- May be confusing for beginners
- Cryptocurrency investments carry high risks
Overview
Bybit stands out as one of the most advanced crypto exchanges with deep liquidity and low fees. Bybit users can trade Spot, Futures, Options, NFTs, and even Inscriptions. Additionally, Bybit offers copy trading and bot trading to automate your income streams. Bybit copy trading is one of the best in the crypto industry.
Where Bybit excels is its derivatives platform with 320+ perpetual futures contracts and up to 100x leverage. With advanced order types such as TWAP or Iceberg orders, Bybit caters to experienced traders seeking the best options.
On the spot market, Bybit supports over 500 cryptos and up to 10x margin, making Bybit a versatile crypto exchange.
With low fees of 0.1% maker and 0.1% taker for spot trading and 0.02% maker and 0.055% taker for futures trading, Bybit has highly competitive fees. To top it all off, Bybit offers fee discounts based on your 30-day trading volume. The more you trade, the more you save.
3. SatoshiTango
Users:
Unknown
Free Demo:
Mobile App:
Bonus:
None
Cryptos:
15+
Leverage:
Not Supported
Spot Fees:
0.50%/0.50%
Futures Fees:
Not Supported
Pros
- User-friendly interface that makes it easy for beginners to navigate and trade.
- Competitive low fees that make trading more cost-effective for users.
- Offers a free crypto VISA card, allowing users to easily spend their cryptocurrencies in everyday transactions.
Cons
- As a relatively new exchange, it may lack some features and credibility compared to established platforms.
- Limited selection of cryptocurrencies available for trading, which may restrict users looking for a wider variety of options.
SatoshiTango Overview
SatoshiTango is a relatively new cryptocurrency exchange that offers a straightforward trading experience. The platform supports over 15 digital assets and provides spot trading with a flat fee structure of 0.50% for both makers and takers. While the exchange does not offer futures trading, it compensates with a user-friendly mobile app and a free crypto VISA card, enhancing its appeal for everyday crypto users.
The exchange implements KYC procedures, ensuring compliance with regulatory standards. However, SatoshiTango’s limited cryptocurrency selection may not satisfy traders seeking a diverse portfolio. The platform’s simplicity and low fees are counterbalanced by its nascent status in the market, which may raise concerns about liquidity and long-term stability.
SatoshiTango’s focus on ease of use and practical features like the crypto VISA card positions it as a potential option for beginners. However, advanced traders might find the lack of sophisticated trading options and the limited number of supported cryptocurrencies restrictive.
4. MEXC
Users:
15m
Free Demo:
Mobile App:
Bonus
$20,000
Cryptos:
2400+
Leverage:
200x
Spot Fees:
0.02%
Futures Fees:
0%/0.02%
Pros
- Lowest Trading Fees
- 2000+ supported crypto assets
- 200x leverage and deep liquidity
- 24/7 customer support
- Best for altcoin and leverage trading
Cons
- Not available in the US
- Newly launched coins pose high risk
- May request KYC in the future
Overview
MEXC is known as the crypto exchange with the lowest fees. What makes MEXC stand out is its 0% maker fee offer, meaning you can trade without any fees. However, the spot and futures taker fees start at 0.02%. No crypto exchange can compete with the MEXC fee structure.
If you are a day trader seeking high leverage, MEXC may be one of your best options. With 200x leverage over 400 futures contracts and by far the lowest fees, MEXC is truly a day trading heaven.
Even if you are not interested in leverage trading, MEXC has you covered with over 2000 supported cryptocurrencies on the spot market. While MEXC offers tons of new altcoins, we recommend being cautious as the legitimacy of newly listed projects may be questionable.
All in all, MEXC is arguably the best option for high-frequency traders seeking low fees to get the best value for money.
5. Gate.io
Users:
30m
Free Demo:
Mobile App:
Bonus:
$200
Cryptos:
2100+
Leverage:
150x
Spot Fees:
02%
Futures Fees:
0.015%/0.05%
Pros
- 2100+ supported cryptos
- Very comprehensive crypto exchange
- Copy trading allowed
- 150x leverage
- Fiat deposit methods
Cons
- Lacks advanced features
- Very high spot trading fees
- Poor liquidity
- Very complicated to use
Gate.io Overview
Gate.io is a true powerhouse for altcoin traders with its massive support for over 2100 cryptocurrencies. If you are an altcoin trader, Gate.io will be your new home.
Founded in 2013, Gate.io has established itself as a trusted name in the crypto industry, serving millions of users across more than 130 countries.
With a wide array of trading options, including spot, futures, options, and decentralized finance (DeFi) products, Gate.io caters to both novice and experienced traders. The exchange supports over 2000 cryptocurrencies and consistently ranks among the top exchanges by trading volume.
Beyond trading, Gate.io offers additional services like staking, lending, and an NFT marketplace. With its user-friendly interface, competitive fees, and commitment to compliance with global regulations, Gate.io continues to be a go-to destination for cryptocurrency enthusiasts worldwide.
Spot trading fees on Gate.io start at 0.2% for makers and takers, while futures fees start at 0.02% for makers and 0.05% for takers.
Is Crypto Legal and Regulated in Argentina?
Cryptocurrency is legal in Argentina, but the regulatory landscape is still evolving. The Central Bank of Argentina (BCRA) and the National Securities Commission (CNV) are the primary regulatory bodies overseeing crypto-related activities.
In May 2021, the BCRA issued a statement warning about the risks associated with cryptocurrencies. However, this didn’t prohibit their use. The Financial Information Unit (UIF) has also implemented measures to prevent money laundering through crypto transactions.
In 2022, the city of Buenos Aires announced plans to allow residents to pay some taxes using cryptocurrencies, signaling a move towards greater acceptance. However, there’s no comprehensive crypto law in Argentina yet. Existing financial regulations are applied to crypto activities where relevant.
Crypto exchanges operating in Argentina must comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. Users are required to provide identification and proof of address when registering on these platforms.
Is Crypto taxable in Argentina?
Cryptocurrency is subject to taxation in Argentina, although the tax framework is still developing. The Federal Administration of Public Revenue (AFIP) considers cryptocurrencies as assets and requires them to be declared for tax purposes.
As of 2021, crypto holdings are subject to the personal assets tax (Impuesto sobre los Bienes Personales) if their total value exceeds the minimum threshold. The tax rate ranges from 0.5% to 1.25%, depending on the total value of assets.
Capital gains from cryptocurrency trading are generally subject to income tax. For individuals, the tax rate can range from 5% to 35%, depending on the profit amount and the individual’s tax bracket. Companies engaged in crypto trading may be subject to a 30% corporate income tax rate.
In 2021, the AFIP implemented new reporting requirements for crypto exchanges and payment service providers, mandating them to report monthly transactions involving cryptocurrencies.
Disclaimer:
Tax laws are subject to change, and individual circumstances may vary. It is strongly advised to consult with a qualified tax professional or financial advisor for personalized guidance on cryptocurrency taxation in Argentina.
How to Buy Crypto in Argentina
Buying cryptocurrency in Argentina has become increasingly accessible. This guide will walk you through the process, focusing on using Binance, our top recommended exchange for Argentine users. Binance offers a user-friendly platform, competitive fees, and supports the Argentine peso (ARS).
Whether you’re looking to buy Bitcoin, Ethereum, or other popular cryptocurrencies, follow these steps to get started:
- Choose a Crypto Exchange: Start by selecting a trustworthy exchange that accommodates ARS and provides appropriate payment options. We recommend Binance for its robust features and reliability. Make sure you understand the exchange’s KYC requirements before you move forward.
- Create an Account and Verify Your Identity: Sign up on the exchange of your choice. For Binance, you will need to fill in personal details and complete the verification process, which usually requires a government-issued ID and proof of residence.
- Fund Your Account: After verification, you can deposit funds using ARS. Binance offers several payment methods for users in Argentina, including bank transfers, credit/debit cards, and local payment options like Mercado Pago. Select the method that aligns best with your preferences, taking into account fees and processing times.
- Pick Your Cryptocurrency: Determine which cryptocurrency you want to buy. Bitcoin (BTC) and Ethereum (ETH) are excellent starting points for newcomers, while stablecoins like Tether (USDT) can help mitigate volatility during trading.
- Place Your Order: Go to the trading interface for your selected cryptocurrency pair (for example, BTC/ARS). Enter the quantity you wish to purchase and review all transaction details, including any fees involved. Once you’re satisfied with everything, confirm your order.
- Secure Your Assets: After your purchase, think about moving your cryptocurrency to a secure wallet. While it’s convenient to keep smaller amounts on the exchange for trading purposes, it’s advisable to store larger holdings in a personal wallet for added safety.
Always keep yourself updated on market conditions and invest only what you can afford to lose, as cryptocurrency markets can experience significant volatility, especially in economically unstable regions like Argentina.
Best Crypto Wallets in Argentina
Selecting a secure wallet is crucial for Argentine crypto investors. Here are some top options:
Hardware Wallets: Ideal for long-term asset storage due to their robust security.
- Ledger Nano X: A feature-rich option with Bluetooth capability for easy connectivity.
- Trezor Model T: Known for its intuitive touchscreen interface, making it user-friendly.
Software Wallets: Convenient for regular transactions and easy access.
- Trust Wallet: A mobile wallet that includes a DApp browser and staking features for added versatility.
- Exodus: Available on both desktop and mobile, it comes with a built-in exchange for seamless trading.
Web Wallets: Best for smaller amounts and frequent trading.
- MetaMask: A popular browser extension wallet tailored for Ethereum and ERC-20 tokens, widely used in the DeFi space.
When choosing a wallet, consider factors such as security features, supported cryptocurrencies, and ease of use. Hardware wallets are recommended for storing large amounts, while software or web wallets can be more convenient for day-to-day transactions. Always ensure you’re downloading wallets from official sources and keep your recovery phrases secure.
Bottom Line
For Argentine investors seeking the best crypto exchanges, Binance stands out as the top choice, offering a wide range of cryptocurrencies, competitive fees, and robust security measures. Bybit follows closely as our second recommendation, providing a user-friendly platform and diverse trading options. These exchanges cater well to the Argentine market, supporting local payment methods and offering features tailored to both novice and experienced traders. Always conduct thorough research and consider your individual needs when selecting a platform for your cryptocurrency investments.
