Three Cryptocurrency “P2P Exchanges”
P2P (person-to-person) exchanges allow you to buy or sell different cryptocurrencies through bank transfers with Argentine pesos (ARS), exchanges by PayPal, Zelle, Amazon giftcards or cash.
P2P exchange houses are also present, offering different models to protect and care for cryptocurrencies in Argentina: from guarded wallets (whose private keys remain protected by the exchange that offers it) to the possibility of creating a wallet from scratch.
In this context, there are several markets in Argentina that average a volume of 10 BTC per day:
LocalBitcoins
It was founded in 2012 and the platform registers a weekly volume of USD 18 million in more than 200 countries where it operates with USD 5.5 million in Latin America alone. Nearly 4,500 new users they add each day to the purchase and sale of bitcoin on a platform that puts you in contact with other merchants and that ensures operations with smart contracts or escrow.
LocalCryptos
It was born in 2017 as LocalEthereum and in 2019 it changed to its current name. This P2P exchange allows you to create your own self-custodial wallet from scratch, or link a Ledger, Metamask or Trust wallet to enter without entering password or user.
BinanceP2P
It started operating in 2019 focusing on users looking to do their cryptocurrency trades with a method peer to peer (from peer to peer). Its markets spread throughout Latin America, and today its volume of trade in Argentina it competes with the P2P Exchanges that have been in the ecosystem for longer.
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Three “Centralized Exchanges”
Centralized Exchanges, better known as “CEX”, They are platforms especially dedicated to trading crypto. These options allow you to buy or sell Bitcoin in exchange for pesos or dollars. In addition, these houses offer the possibility of programming automatic operations and using digital desks to measure some market parameters in real time.
goodbit
It was founded in 2018 as a platform focused on buying and selling cryptocurrencies. In this exchange houses you can make a holding with up to 11% yield. Buenbit has quite low commissions compared to other Exchanges.
LemonCash
It’s about a Argentine broker that gives the possibility of buying and selling through its own application (Lemon CashApp). Users can receive and send pesos through any bank or virtual wallet that works in the country. The app is available on Android for all users.
ArgentinaBTC
It was founded in 2014 and is dedicated trading of Bitcoins for Argentine pesos. Accept bank transfers, RapiPago and PagoFácil. ArgenBTC has 3 physical exchange points in Rosario, Santa Fe and to operate you need a bitcoin wallet to get Argentine pesos.
Source: Ambito
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