3 Best Crypto Exchange Platforms in Argentina in 2023

Picture this: You finish the registration process at a crypto exchange platform, including KYC, only to discover that you can't buy or sell the altcoin you're interested in. Or, whenever purchasing assets, you incur high currency exchange costs because the platform doesn't support Argentine Pesos or local payment methods. It's definitely a difficult situation to be in.

While there are numerous crypto exchange platforms on the market, the one you choose will significantly impact your overall trading or investing experience. Some factors you should consider include payment methods, fees, supported currencies, compliance with laws, security, personal goals, and user experience.

So, we compared different offerings with all these factors in mind and identified Argentina's top three crypto exchange platforms. Read on to see why they made the cut.

1. Paybis

Establishment and Offering

Paybis is one of the first well-established crypto exchanges for people from Argentina. The UK-based exchange was founded in 2014, giving it a long history in the crypto space. On this platform, users can buy around 50 different cryptos using one of the supported 47 fiat currencies, including Argentine Pesos (ARS).

Fees

You can expect to pay a 2.49% fee for every transaction and a 4.5% payment processing fee when using credit cards.

Pros and Cons

Paybis is an excellent choice for beginners that are buying crypto with a credit or debit card in ARS and keeping them. If you don’t want to store your crypto at Paybis, you can instantly send the purchased assets to another wallet of your choice as Paybis allows for easy and simple transfers.

Additional benefits include 24/7 online customer support, a platform available in Spanish, high limits of up to $20,000-$50,000 per week for credit or debit card purchases, and up to $200,000 weekly for bank wire transfers.

However, Paybis isn’t heavy on advanced trading features, so we wouldn’t recommend it to those seeking to trade frequently. Paybis also has limits for each transaction depending on the payment method and fees are on the higher end.

2. Satoshi Tango

Establishment and Offering

Satoshi Tango markets itself as one of the first brokers in Latin America. The platform has more than 8 years of experience in the market and allows users to easily buy, sell, swap, and margin trade 15+ cryptos.

The platform is not just amazing for Argentinians, but also for other crypto enthusiasts from South America. In addition to ARS, Satoshi Tango also features Peruvian Sol, Brazilian Real, and Chilean Pesos.

Fees

Satoshi Tango charges a fixed 1% transaction fee every time you buy or sell crypto. But if it's a crypto-crypto purchase, you'll pay a 0.5% fee instead.

Pro and Cons

Regarding the user experience, we believe Satoshi Tango offers one of the best there is. You can expect 24/7 customer support, nearly 20 popular cryptos on offer, and margin trading with a 5x leverage. The platform even has a feature to help you pay utility bills using the crypto in your account.

While Satoshi Tango might appear perfect, it still has some downsides. The platform charges relatively high withdrawal fees, which vary depending on the method used. However, the fee structure is clear so you can determine if it'll work well for you before getting started with the platform. Additionally, their variety of cryptos is quite limited, so we wouldn’t recommend it if you plan on investing in altcoins.

3. Binance

Establishment and Offering

Binance is one of the largest crypto exchanges along with Coinbase and FTX. It's available in Argentina and allows Argentinians to buy crypto with their native currency through Binance's P2P (peer-to-peer) network to trade with other users.

Fees

Binance has low trading fees, which are set at 0.1%.

Pros and Cons

Binance provides advanced trading features for both new and experienced traders, including advanced trading tools, high levels of security, 24/7 chat support, and resourceful learning materials. You can also obtain the Binance Argentina Card, which allows you to spend your crypto in both online and brick-and-mortar stores. You'll get 1% to 8% back in BNB on every purchase you make with the card, depending on how much BNB you're holding in your card.

On the downside, some users may find the Binance identity verification process lengthy. Unfortunately, this could scare some newbies away, as they’ll find it overwhelming. Still, this is for the greater good, as Binance wants to ensure that you’re using the platform's services safely and fairly.

Conclusion

While there are numerous crypto exchanges for Argentinians interested in crypto, not all of them are created equal. So, before joining and depositing money at any exchange, it’s essential to exercise due diligence and consider various factors. Do your own thorough research regarding fees, payment methods, customer support, and security to match your trading goals.

» Looking to invest abroad? Explore the best crypto exchange platforms in the US and crypto trading platforms in the UK