Ready to purchase Bitcoin and USDT directly from Binance's order book? The exchange now accepts deposits in Brazilian Real (BRL).
In a recent update, Binance enabled Real deposits for Brazilian users, allowing them to transfer BRL via TED to trade Bitcoin or USDT (Tether) directly on the platform. This guide provides a step-by-step walkthrough on how to buy Bitcoin and USDT using BRL efficiently and securely.
Key Features of Binance’s BRL Deposit Service
- Direct FIAT-to-crypto trading: Skip P2P/OTC and trade directly on Binance’s order book.
- No deposit fees: Transfers via TED are currently fee-free.
- Portuguese interface: The platform and app support Brazilian Portuguese (PT-BR).
Step-by-Step Guide to Depositing BRL on Binance
1. Verify Your Account
- KYC requirement: Upload a selfie and a valid ID (RG, CNH, or passport).
- Tip: Use the Binance app for faster identity verification.
2. Initiate a Deposit
- Navigate to Wallet > Deposit > FIAT.
- Select BRL (Brazilian Real) and enter the deposit amount (minimum R$10; maximum R$100,000 for basic verification).
- Copy the intermediary bank details provided.
3. Complete the TED Transfer
- Transfer the exact amount via TED from your bank account.
- Important: The sending account must match the verified Binance account name (third-party transfers are blocked).
Post-Deposit: Trading Bitcoin and USDT
- Once funds arrive (usually within hours), trade BRL for BTC or USDT directly on Binance’s spot market.
- Monitor liquidity and order depth for optimal pricing.
Tax and Compliance Notes
- No IN 1.888: Binance, as an overseas exchange, doesn’t report to Brazilian tax authorities.
- Self-reporting: Transactions exceeding R$30,000/month must be declared manually via RFB’s e-CAC portal.
FAQs
1. Can I withdraw BRL from Binance?
- Not yet. Withdrawals in BRL are expected soon.
2. Are there deposit limits?
- Yes: R$10–R$100,000 per transaction for Level 1 verification.
3. How long do deposits take?
- TED transfers typically process within 2–4 business hours.
4. Is Binance available in Portuguese?
- Yes! The platform and app fully support Brazilian Portuguese.
5. What if my transfer is rejected?
- Ensure the sending account matches your verified Binance name and the amount is exact.
6. Do I pay taxes on crypto trades?
- Brazil exempts Bitcoin trades under R$35,000/month. Higher volumes require reporting.
👉 Start trading Bitcoin and USDT on Binance today
👉 Learn how to optimize your crypto taxes in Brazil