Cryptocurrencies have become increasingly popular in Chile, and among them, Bitcoin is the most widely used digital currency in the country. Although cryptocurrencies lack specific legal status in Chile, it is important to note that trading and transactions involving cryptocurrencies operate independently from regulation or supervision by the monetary authority.
Additionally, the Central Bank of Chile has provided guidance stating that crypto-assets do not possess the status of legal tender or foreign currency. For users interested in buying Bitcoin or any other cryptocurrency within Chile, many reputable online exchanges are available. We look at important things like value for money, whether you can pay with your local currency, supported products, and security.
Top Crypto Exchanges in Chile reviewed
We explore prominent cryptocurrency exchanges in Chile where traders can easily buy and sell cryptocurrencies. These exchanges are suitable to both newcomers and experienced users, providing a wide range of features and tools tailored to meet specific needs. Start this journey to find the best exchange for trading cryptocurrency in Chile.
- Bitget – Overall Best Crypto Exchange in Chile
- Binance – Widest Range of Cryptocurrencies in Chile
- Kraken – Oldest Cryptocurrency Exchange in Chile
- Bybit – The Most Advanced Crypto Exchange in Chile
- Kucoin – User-Friendly Platform for Chilean Traders
- OKX – Secure and Reliable Crypto Exchange in Chile
1. Bitget – Overall Best Crypto Exchange in Chile
Bitget is the overall best crypto exchange in Chile for several reasons. With a massive user base of 20 million worldwide and a daily trading volume of $10 billion, Bitget proves its dominance in the market. What sets Bitget apart is that it can be used in many different ways and is very reliable, making it a good choice for traders with various needs and preferences. Whether you’re looking for copy trading, derivatives trading, passive income products, or seeking user-friendly features tailored for beginners, Bitget has got you covered.
Bitget stands out for incorporating a popular feature known as copy trading. This innovative function allows users to replicate the positions taken by experienced traders directly. Additionally, Bitget offers various products, features, and trading options tailored to diverse preferences and needs.
Bitget offers a variety of tailored features, including the world’s leading copy trading platform, futures and spot trading for various cryptocurrencies, and support for quantitative trading. It also provides contract products, one of the first exchanges supporting stablecoin and coin-margined contracts. Additionally, Bitget runs various promotions to enhance user engagement.
With support for more than 500 cryptocurrencies and over 300 future contracts with a maximum leverage of 125X, Bitget provides extensive opportunities for cryptocurrency enthusiasts. Moreover, Bitget has an intuitive user interface, robust security measures, and 24/7 customer support. Bitget exchange does not support transactions involving the Chilean Peso (CLP). Users cannot deposit, make direct purchases, or engage in P2P trading using CLP on Bitget.
If you want to learn more about the platform, you can read our full Bitget review.
Supported Cryptos: Over 500+ cryptocurrencies
Futures Contracts: 300+ Futures contracts
Max. Leverage: 125x
Spot Trading Fees: 0.1% maker / 0.1% taker
Futures Trading Fees: 0.02% maker / 0.06% taker
Deposits & Withdrawals: You can purchase through credit/debit cards
Licensed & Regulated: Regulated by ACRA, ASIC, and FinCEN with MSB license.
Bitget Pros & Cons
| 👍 Bitget Pros | 👎 Bitget Cons |
|---|---|
| ✅ Low trading fees | ❌ Not fully regulated |
| ✅ User-friendly Interface | ❌ Advanced tools confusing for beginners |
| ✅ Fiat deposits & withdrawals | ❌ USA not allowed |
| ✅ Passive Income Products | ❌ Requires KYC |
| ✅ 500+ cryptocurrencies | |
| ✅ Copy Trading | |
| ✅ Full Proof of reserves |
2. Binance – Widest Range of Cryptocurrencies in Chile
Binance is the leading cryptocurrency platform in Chile, offering a wide range of over 380 crypto currencies for buying, selling, and trading. Binance has 120 million users in 180 countries, making it the largest exchange globally. This high level of activity means a lot of money flows through it, which makes it easy to buy and sell and offers many chances to invest.
Binance is well-known for its advanced trading features designed for experienced traders. With a wide range of products, features, and trading options, Binance effectively meets the diverse needs and preferences of every user. Whether interested in futures, options, margin, or spot trading, Binance provides all the required tools. Additionally, they offer passive income opportunities like staking, lending, and Binance Earn.
Binance offers Chilean peso (CLP) users the convenience of purchasing cryptocurrencies using cards, bank transfers, and third-party payment via Banxa and Simplex. The platform charges a standard trading fee of 0.10% and an Instant Buy/Sell fee of 0.50%. When it comes to peer-to-peer (P2P) trading, takers utilizing existing ads enjoy zero fees, while makers face market and pair-dependent fees ranging from 0% to 0.35%
This secure platform ensures efficient connections between local buyers and sellers. Furthermore, it boasts a robust security system that includes measures like SAFU insurance and the Secure Asset Fund for Users program.
If you want to learn more about the platform, you can read our complete Binance review.
Supported cryptocurrencies: 380+
Futures contracts: 250+
Maximum leverage: 125x
Spot trading fees: 0.10% maker / 0.10% taker
Futures trading fees: 0.02% maker / 0.04% taker
Deposits and withdrawals: Deposit fiat through Credit/Debit Cards, Bank Transfers, Banxa, and Simplex.
License and regulation: Regulated by OAM, FIU, AMF, FinCEN, and in multiple countries.
Binance Pros & Cons
| 👍 Binance Pros | 👎 Binance Cons |
|---|---|
| ✅ Most comprehensive crypto platform | ❌ Not very user-friendly |
| ✅ Low spot and futures trading fees | ❌ Slow during high volatility phases |
| ✅ $1 billion security fund | ❌ Regulatory issues in europe |
| ✅ 350+ digital assets | ❌ Not available in US and CA |
| ✅ 24/7 live chat support | |
| ✅ Best passive income products |
3. Kraken – Oldest Cryptocurrency Exchange in Chile
Kraken, the oldest cryptocurrency exchange in Chile, was founded in 2011. With a user base that exceeds 9 million across 190 countries and a daily trading volume of $1 billion, Kraken offers its users a wide range of trading options. These options include spot, margin, futures, and options trading. Furthermore, Kraken supports over 200 cryptocurrencies.
The Kraken exchange is renowned for its exceptional commitment to security and trust. It established itself as one of the few platforms with licenses and adheres to regulations across multiple countries. Kraken employs advanced protocols, including two-factor authentication, cold storage, and SSL encryption to ensure robust security.
Kraken offers various passive income products, including staking and lending. These features allow users to earn rewards by holding their crypto assets. With its user-friendly interface and advanced tools, Kraken caters to both beginners and experienced traders. However, it’s important to note that Kraken does not support the Chilean peso (CLP). Nevertheless, users have the option to purchase cryptocurrencies using debit/credit cards or digital wallets.
If you want to learn more about the platform, you can read our full review of Kraken.
Supported cryptocurrencies: 200+
Futures contracts: 90+
Maximum leverage: 50x
Spot trading fees:0% maker / 0.26% taker
Futures trading fees: 0.02% maker / 0.05% taker
Deposits and withdrawals: credit cards, debit cards or digital wallet
Licensed and regulated: Regulated in multiple countries
Kraken Pros & Cons
| 👍 Kraken Pros | 👎 Kraken Cons |
|---|---|
| ✅ Low futures fees | ❌ High spot fees |
| ✅ Full proof of reserves | ❌ Lacks advanced features |
| ✅ Secure and reliable | ❌ Poor liquidity |
| ✅ Passive income products | |
| ✅ Full proof of reserves |
4. Bybit – The Most Advanced Crypto Exchange in Chile
Bybit is Chile’s most advanced derivatives cryptocurrency exchange, with a global user base of over 10 million. It offers many products, features, and trading options and caters to diverse traders’ needs. Whether you are into derivatives trading, copy trading, or seeking passive income opportunities, Bybit is your go-to platform with its beginner-friendly usability and much more.
Bybit is known for its advanced future trading features. The platform offers users the best tools for advanced trading with competitive fees 0.02% for makers and 0.055% for takers. Additionally, Bybit provides leverage of up to 100x on derivatives and perpetual contracts.
Bybit doesn’t allow direct fiat deposits in Chilean pesos (CLP). Instead, you can deposit CLP through One-Click Buy partners (Banxa, XanPool, MoonPay, Mercuryo, Neofi) with varying fees.
Bybit does support P2P trading in CLP, which is fee-free for buyers and sellers on the platform. However, payment providers may charge fees, e.g., a 0.5% fee for bank transfers.
If you want to learn more about the platform, read our complete review of Bybit.
Supported cryptocurrencies: 400+
Futures contracts: 200+
Maximum leverage: 100x
Spot trading fees: 0.1% maker / 0.06% for taker.
Futures trading fees: 0.02% maker / 0.055% taker
Deposits and withdrawals: For purchases, you can use credit/Debit cards, Banxa, XanPool, MoonPay, Mercuryo, and Neofi.
Licensed and regulated: MVP license, Regulated by Dubais Virtual Assets Regulatory Authority (VARA)
Bybit Pros & Cons
| 👍 Bybit Pros | 👎 Bybit Cons |
|---|---|
| ✅ Low trading fees | ❌ Extremely advanced (confusing for beginners) |
| ✅ High liquidity | ❌ Not available in the United States |
| ✅ Advanced trading options | |
| ✅ Copy trading | |
| ✅ Passive income products | |
| ✅ Full proof of reserves |
5. Kucoin – User-Friendly Platform for Chilean Traders
Kucoin serves as a user-friendly platform tailored for Chilean traders seeking access to an extensive range of crypto products and features. With over 25 million users worldwide, Kucoin offers diverse trading options, including spot, margin, futures, perpetual contracts, and options trading.
KuCoin is widely recognized for its reputation as a dependable, user-friendly, and highly secure platform catering to crypto investors. Additionally, it supports over 700 crypto assets. KuCoin proves ideal for traders seeking passive income opportunities through staking and lending activities and the added benefits of low fees and swift transactions.
Kucoin facilitates the use of the Chilean peso (CLP) as a local fiat currency. Individuals can conveniently deposit or withdraw CLP through bank transfers, credit cards, or trusted third-party payment services like Simplex and Banxa.
Users can purchase and trade cryptocurrencies directly using CLP through a P2P trading platform. This platform connects verified merchants with buyers and sellers. The fees associated with fiat transactions may differ depending on the payment method and transaction amount. However, they generally remain competitive and transparent.
If you want to learn more about the platform, you can read our full Kucoin review.
Supported Cryptos: 700+
Futures Contracts: 60+
Max. Leverage: 100x
Spot Trading Fees: 0.1% (maker/taker)
Futures Trading Fees: 0.02% maker / 0.06% taker
Deposits & Withdrawals: Purchase CLP via bank transfer, credit card, or third-party payment services
Licensed & Regulated: Kucoin is not regulated
Kucoin Pros & Cons
| 👍 KUCOIN Pros | 👎 KUCOIN Cons |
|---|---|
| ✅ 700+ supported cryptos | ❌ It doesn't operate in the US. |
| ✅ Low fees | ❌ Limited staking options |
| ✅ Automated trading bots | ❌ Regulatory issues in some areas |
| ✅ Accepts card payments |
6. OKX – Advanced Derivatives Exchange in Chile
OKX is a secure and reliable crypto exchange in Chile, with a global user base exceeding 50 million. Renowned as the top exchange within the country, OKX offers traders access to a wide range of products, features, and trading options.
These include spot trading, margin trading, futures trading, perpetual swaps, options trading, DeFi services, and NFTs. OKX supports over 400 crypto assets. OKX offers copy trading, derivatives trading, passive income products, and beginner-friendly tools.
OKX facilitates deposits and withdrawals in Chilean peso (CLP) using bank transfers, credit cards, and third-party payment platforms. The fees for these services may vary depending on the chosen method and transaction amount. Additionally, OKX offers a P2P trading platform that enables users to buy and sell crypto with CLP directly. Notably, this feature carries zero fees and provides escrow protection.
If you want to learn more about the platform, you can read our full OKX review.
Supported Cryptos: Over 400+
Futures Contracts: 220+
Max. Leverage: 100x
Spot Trading Fees: 0.08% maker / 0.10% taker
Futures Trading Fees: 0.02% maker / 0.5% taker
Deposits & Withdrawals: CLP supported via bank transfer, credit card and third-party payment platforms
Licensed & Regulated: Regulated by CySEC and VASA with MVP license
OKX Pros & Cons
| 👍 OKX Pros | 👎 OKX Cons |
|---|---|
| ✅ Low trading fees | ❌ Extremely advanced, not very user-friendly |
| ✅ Very reliable | ❌ No live chat support, only e-mail |
| ✅ Great copy trading feature | |
| ✅ Advanced order options |
Is Crypto Legal in Chile?
The legal status regarding crypto assets in Chile is both complex and changing. Although the Central Bank of Chile does not recognize them as legal tender or foreign currency, they are now regulated by the Fintech Law, which was enacted in January 2023. This law defines crypto-assets as digital representations of value, goods, or services (excluding money) and empowers the Financial Market Commission and the Central Bank to establish regulations for providers offering crypto-related services.
The Fintech Law introduces changes to banking regulations. These changes include using distributed ledger technology or similar methods to record digital representations as a payment type. Additionally, Chile’s tax agency, the Servicio de Impuestos Internos (SII), has expressed its intention to enforce capital gains tax on investments related to cryptocurrencies.
In addition, there is a bill introduced in December 2021 to officially recognize Bitcoin as a legal form of payment and promote its use to enhance financial inclusion. This particular bill is currently under discussion within Congress. Therefore, it can be understood that the status of crypto assets in Chile is not deemed illegal but rather subject to a complex framework of regulations that vary depending on the specific type of cryptocurrency, its intended purpose, and the entities involved.
How to buy Bitcoin and other Crypto assets in Chile?
Cryptocurrency adoption is on the rise worldwide, and Chile is no exception. As digital assets like Bitcoin gain popularity, understanding how to buy and manage cryptocurrencies in Chile is becoming increasingly important.
- Select a Reputable Exchange: In Chile, it is important to carefully select a reputable exchange when you want to buy and trade digital assets. Look for a trusted cryptocurrency exchange that provides a secure and user-friendly platform. This will ensure smooth transactions and a positive trading experience.
- Complete Verification and Compliance: Preparing yourself for the necessary identity verification process is crucial. This step is often required by Chilean regulations. Additionally, ensure you fully comply with all local laws and specific policies.
- Secure Storage with a Wallet: When it comes to securing your investments, prioritize their safety by setting up a reliable cryptocurrency wallet. For long-term storage, consider utilizing hardware wallets.
- Fund Your Account: Deposit Chilean pesos (CLP) into your exchange account through various payment methods, including bank transfers and cards.
- Execute Your Orders: You can place orders to buy Bitcoin and other cryptocurrencies after funding your account. Choose between market and limit orders based on your preferences.
Final Thoughts
The legal status of cryptocurrencies in Chile is complex and constantly changing. While they are not officially recognized as legal tender, they are now subject to regulations under the Fintech Law. Our comprehensive review of the top crypto exchanges in Chile for 2023 has identified Bitget as the leading choice.
It is notable for its extensive support of various cryptocurrencies, user-friendly interface, and acceptance of the local currency the Chilean peso. However, the choice of the right exchange depends on individual needs and preferences. It is crucial to stay updated about evolving regulations and make a wise selection when choosing an exchange.
