Step-by-step guide to buy crypto with Pix in Brazil
Great news for all crypto enthusiasts in Brazil. Switchere now allows users to exchange fiat for cryptocurrencies with Pix.
In this guide, we have highlighted the step-by-step process to do so.
What Is Pix?
Pix is a payment system created by Banco Central Do Brasil (Central Bank of Brazil) to provide Brazilians with a secure, instant, and zero-cost solution to all transactions (transfers, payments, purchases, etc).
Launched in 2020, Pix gives Brazilians an advantage because it contains features that make payment safer and faster. Here are some of them:
- 24/7 availability: With Pix, transactions can be done around the clock, making it excellent for emergencies and convenience.
- Unique identifiers: Pix users are required to provide information that confirms their identity. This includes; emails, phone numbers, tax IDs (Cadastro de Pessoas Físicas for individuals and Cadastro Nacional da Pessoa Jurídica for businesses), randomly generated keys, and QR codes. These unique identifiers serve as “addresses” used to receive payments. Thus, protecting users from sending their bank accounts or revealing sensitive info.
- Instant transactions: Pix is one of the fastest payment systems in the world with transfers and payments completed within 10 seconds, making it almost instantaneous.
How to use Pix to buy crypto on Switchere:
First, create a Switchere account and then use Pix to buy any cryptocurrency of your choice. Here is a step-by-step process to do so:
1. Create an Account on Switchere.com
You can sign up automatically for free on Switchere with your email, Facebook or Google account. Next, you verify your account to confirm your identity.
2. Select Cryptocurrency to Buy
From bitcoin to Dogecoin, Switchere offers a wide variety of cryptocurrencies to choose from. Select whichever coin you want to buy.
3. Choose Pix as Your Payment Method
Switchere offers multiple payment methods including card payments, Google Pay, Paypal, and so on. For Brazilian users, one of these payment methods includes Pix. Select it as your preferred payment method.
4. Enter Transaction Details
Before you can proceed to buy any coin, you need to provide your wallet address–this is where the coin goes after purchase. So, input the amount you intend to buy in crypto with Brazilian Real (BRL) and then enter your wallet address.
5. Complete Payment via Pix
Provide your Pix account details to authorize and approve payment.
6. Receive Your Crypto
The cryptocurrency will immediately be available in your crypto wallet.
Advantages of using Switchere and Pix for crypto exchange
Pix + Switchere is the ideal choice for crypto beginners and experts alike, and here are some reasons why:
- Synchronized user experience: The integration of Pix into Switchere’s platform improves user satisfaction because payments can be made directly.
- 24/7 customer service: Switchere and Pix both offer continuous customer support to users whenever they need it.
- Security: Switchere protects users from fraud through a vetted KYC process, a 3D secure protocol, SSL / TLS encryption, and so on. Pix also implements top-notch security protocols to safeguard users’ information and enable secure transactions.
- Minimal charges: Pix offers little to no charges for individuals who use the payment system and Switchere’s exchange fees are some of the lowest in the crypto space.
Bonus tips to make your crypto transactions frictionless
Follow these tips to help you buy crypto with Pix and Switchere without hassle:
- Input a correct wallet address which is where the crypto will be deposited into.
- Confirm the transaction limits and fees.
- Always be vigilant with your security details for both your Pix and Switchere accounts.
Conclusion
Switchere is a safe, secure, and well trusted platform for exchanging cryptocurrencies and Pix is an instant and financially efficient payment solution for making payments in Brazil.
By combining the two, Brazilians are given the best of both worlds in crypto exchange and payment services.
Sign up to Switchere and use Pix to make your next crypto purchase.
Please be advised, that this article or any information on this site is not an investment advice, you shall act at your own risk and, if necessary, receive a professional advice before making any investment decisions.
