How To Buy Bitcoin In Argentina?

Want to know how to buy Bitcoin in Argentina? This blog will tell you everything you need to know in order to make a purchase.

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Introduction

Cryptocurrencies have been a hot topic of discussion in recent years. With the rise of Bitcoin, Ethereum and other altcoins, there has been an increasing demand for these digital assets. In this article, we will guide you on how to buy Bitcoin in Argentina.

Argentina is one of the countries that have seen a great interest in cryptocurrencies. The country has a population of over 44 million people and a GDP of $609 billion. The Argentine peso has been devalued by over 50% in the last few years and this has led to a loss of faith in the traditional financial system. This has made Argentines turn to Bitcoin and other cryptocurrencies as an alternative store of value.

The Argentine government has also shown a positive attitude towards cryptocurrencies. In 2017, the country’s tax authority recognized Bitcoin as a currency and began to accept it as payment for taxes. This move was seen as a way to encourage the use of cryptocurrencies in the country.

There are a few exchanges that allow you to buy Bitcoin in Argentina. We will guide you through the process of buying Bitcoin on one of these exchanges.

What is Bitcoin?

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin

How to buy Bitcoin in Argentina?

Argentina is one of the few countries where Bitcoin is booming. The South American country has seen a surge in Bitcoin trading volume in recent months, as more and more people look to the digital currency as a way to protect their savings from inflation.

If you’re looking to buy Bitcoin in Argentina, there are a few things you need to know. In this article, we’ll cover how to buy Bitcoin in Argentina, as well as some of the challenges you may face when doing so.

Argentina has a few different exchanges that allow you to buy Bitcoin. The most popular of these is LocalBitcoins, which allows you to buy Bitcoin using a variety of payment methods, including cash.

Other popular exchanges include Coinbase, Bitstamp, and Kraken. However, it’s important to note that not all of these exchanges offer service in Argentina. For example, Coinbase only offers service to a handful of Latin American countries, and Kraken does not offer service to Argentina at all.

One challenge you may face when buying Bitcoin in Argentina is finding a reputable exchange. This is because there have been a number of scams and hacks targeting Bitcoin exchanges in recent years. As such, it’s important to do your research and only use an exchange that has a good reputation.

Another challenge you may face is dealing with high fees. This is because many exchanges charge high fees for buying Bitcoin with fiat currencies like the Argentine peso. To avoid paying high fees, you may want to consider using an exchange that allows you to buy Bitcoin with another cryptocurrency like Ethereum or Litecoin.

Finally, it’s also worth noting that Argentine laws and regulations around cryptocurrency are still being developed. This means that the legal status of Bitcoin in Argentina is still somewhat uncertain. As such, it’s important to keep up-to-date on any changes in the law before buying or selling Bitcoin in Argentina.

LocalBitcoins

LocalBitcoins is available in most countries of the world. The site allows you to buy Bitcoin with a credit card in a simple and secure way. The service is designed for simplicity, so there is no registration or approval process. You can buy Bitcoin with Argentine Peso either using cash deposit or credit card.

Paxful

Paxful is a people-powered marketplace that matches buyers with sellers to trade Bitcoin fast and securely. Founded in 2015, we’ve built a global peer-to-peer financial platform that allows millions of users from over 190 countries to buy, sell and trade Bitcoin. Paxful is on a mission to empower the world’s unbanked and underbanked with the power of peer-to-peer finance.

Argentina is one of the most active countries on Paxful with thousands of peers buying and selling bitcoin. The most popular payment methods for Argentine pesos (ARS) are bank transfer, gift cards, and airtm.

Here’s a step by step guide on how to buy bitcoin on Paxful:

1.Create an account
2.Verify your identity
3.Choose your payment method
4.Enter your payment details
5.Receive bitcoins directly into your Paxful wallet

ATM

The easiest way to buy Bitcoin in Argentina is through a Bitcoin ATM. There are currently two Bitcoin ATM’s in Argentina, both located in Buenos Aires.

To use a Bitcoin ATM, you will need to have a Bitcoin wallet installed on your smartphone. Once you have a wallet installed, you can use the ATM to buy Bitcoin by scanning your QR code from your wallet and selecting the amount of Bitcoin you want to buy. The ATM will then dispense cash, which you can use to purchase goods and services with Bitcoin.

Another popular way to buy Bitcoin in Argentina is through LocalBitcoins. LocalBitcoins is a peer-to-peer marketplace that allows buyers and sellers to trade Bitcoins for fiat currencies like Pesos.

To use LocalBitcoins, simply create an account andthen find a seller that’s willing to accept Pesos in exchange for Bitcoin. Once you’ve found a seller, you can enter into a trade with them and pay them using Pesos. Once the trade is complete, the Bitcoin will be deposited into your LocalBitcoins wallet.

Online Exchanges

In order to buy bitcoins, you’ll need to exchange your local currency, like Pesos, for bitcoin. Here are the most popular ways to do that:

1. Use an online exchange that accepts Argentine Pesos (ARS).
2. Find a Bitcoin ATM in Argentina and deposit cash into a public wallet. You can then use this wallet to buy bitcoins.
3. Meet someone in person and trade cash for bitcoins.

Conclusion

Argentina is a very interesting case when it comes to Bitcoin. The country has been through a lot of economic turmoil in recent years, which has led many people to look for alternative ways to store their money. Bitcoin is seen as a good investment by many Argentinians, as it is seen as a way to hedge against inflation.

However, buying Bitcoin in Argentina can be a bit tricky. There are not many exchanges that operate in the country, and the ones that do tend to have high fees.

The best way to buy Bitcoin in Argentina is probably through a peer-to-peer exchange such as LocalBitcoins. This allows you to find someone who is willing to sell you Bitcoin for a good price, and you can also avoid having to pay high fees.

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