The best Mercado Bitcoin Alternative offer and solution – to Buy & Sell Bitcoin online

In this post, we take a glance at ‘Mercado Bitcoin’ Alternatives and offer alternative solutions for those that want to shop for Bitcoin during a convenient and cost-effective way.

The South-American continent has seen an incredible rise in its interest towards cryptocurrency and a more decentralized economic system .

Especially for bigger countries like Brazil, the necessity for a cryptocurrency exchange arose before Bitcoin became a household name.

For that reason, Mercado Bitcoin was created. The Exchange’s name, which stands for Bitcoin Market, is taken into account to be the most important cryptocurrency exchange in Brazil. 

In order to make an account, you'll got to have a Brazilian ID. Therefore, we are unable to urge a first-hand experience of its key features and buy process.

Nevertheless, we did our research and skim an outsized number of reviews on the online , to assist us get a far better understanding of the exchange’s pros and cons.

We also reached bent variety of various people in our network who do have an account on Mercado Bitcoin and asked them for an opinion.

So, if you're brooding about using Mercado Bitcoin, or trying to find the simplest Bitcoin alternative exchange, this post may be a must-read.

Why choose a ‘Mercado Bitcoin’ Alternative?

If you're comparing exchanges hoping to seek out an exchange with many payment options and simple use, you'll got to start trying to find alternatives.

While Mercado Bitcoin is currently the mainstream option for the Brazilian public, it does have several drawbacks that require to be addressed:

Only Brazilian citizens can check in on the platform
Account verification is usually slow
The exchange doesn't accept credit cards
There is a really limited amount of payment methods
Having said that, let’s take a glance at these drawbacks in additional detail:

1. Only Brazilian citizens allowed

The main disadvantage of the many locally specialized exchanges is that the fact they don’t accept foreign clients.

Of course, this is often not a problem for Brazilians.

But what if you can’t check in thanks to your ID?
What if you're a resident but not a citizen?
In this case, Mercado Bitcoin isn't your most suitable option and you ought to start trying to find Mercado Bitcoin alternatives.

2. Slow account verification

While performing our research, we found many individuals who complained about the processing speed of verification documents.

These individuals fulfill all the registration criteria and still didn't manage to finish their registration process. Upon posing for help from the support team, they received no answer to their emails.

As we can’t test the service for ourselves, it's impossible to offer you a transparent answer and you'll need to perform your own research.

3. doesn't accept credit cards

Mercado Bitcoin doesn't accept credit or debit cards on its exchange.

When watching the present relationship between Brazilian financial institutions and cryptocurrency, we will easily see why the exchange has decided to impose this measure.

4. Limited amount of payment methods (and currencies)

Bitcoin Mercado allows its users to get cryptocurrencies using either Wire Transfers or other cryptocurrencies.

If you opt to choose a wire transfer, confine mind that the sole supported currency is that the BRL.

If it’s clear to you that it’s time to hunt Mercado Bitcoin alternative – we got you covered.

Just keep reading.

What do you have to Choose Instead?

There are many exchanges that assist you purchase and sell your cryptocurrency during a fast and personal manner.

However, the simplest exchanges are those that provide fast transactions, leave complete control over your funds and support an outsized number of nations .

And the exchange that matches these criteria, is Paybis.

What makes Paybis a far better exchange?
Paybis has recently taken the spotlight together of the simplest cryptocurrency exchanges available. And with the title come many benefits for users of this exchange.

Here they're in short:

Paybis allows registrations from over 180 countries.
ID verification takes only a couple of minutes
Allows purchases with credit cards (with high limits)
Paybis features a great support team.
Funds are sent on to your wallet
It is easy to use
So, having said that, let’s explain these facts in further detail:

1. Allows for worldwide registrations
Paybis supports 180+ countries and allows users to exchange cryptocurrencies with more payment methods than the other exchange (14, including mastercard , several digital wallets, and bank transfers).

2. Fast ID verification
When trying to form a sale that needs ID verification, Paybis users will undergo KYC process. This usually takes 10-20 minutes to finish .

If users have already verified their identity, or if they complete transactions that don't require ID verification, transactions will usually take 5 minutes to finish .

3. Allows purchases with credit cards (with high limits)

Verified mastercard purchases on Paybis leave higher buying volumes. you're allowed to get $20 000 per day or $50 000 per month just by verifying your governmental ID.

For more information on the bounds and therefore the verification process, click here.

4. Responsive support team

Paybis features a strong, multilingual support team that works round the clock (24/7) to support all of the exchange’s users.

With a customer satisfaction rating of 9.3, consistent with Trustpilot, it's probably the foremost trusted exchange within the World, always able to solve any problem which will arise.

5. Sends funds on to your external wallet

Furthermore, Paybis won't hold your funds on its exchange after a sale is completed.

Instead, funds are sent on to the wallet address you provided. This step is different at Mercado Bitcoin, where users need to request a withdrawal and pay a further fee for it.

6. Beginner-friendly

Paybis has an easy-to-use interface which will be employed by investors of all levels.

On top of that, there's tons of data in multiple languages (English, Spanish, Brazilian Portuguese, Italian, German, French, Russian), to assist you understand the buying process.

In case you continue to have questions after attempting to put an order, Paybis’ customer support can walk you thru the method step by step.