9 Exchanges to Buy Bitcoin in Argentina (2024) (2024)

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Buying bitcoin in Argentina is simple. Just find an exchange (below), sign up, deposit funds and then purchase coins. In our discussions and testing, we found the following exchanges below to be worthy.

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Argentina was once one of the more prosperous South American countries, but now faces massive default due to currency manipulation and massive inflation.

In October 2022, the year-over-year inflation rate is over 80% and is expected to reach 90% by year-end. Marcos Buscaglia, an economist in Buenos Aires, states it this way, “Money here is like ice cream, If you keep a peso for too long, it melts in terms of how much you can buy with it.” Even with the drop in the price of bitcoin Argentines see it as a less risky choice than their own currency.

In May 2022, within just a few days of banks offering cryptocurrency services to customers, the central bank of Argentina (BCRA) stopped financial institutions from offering crypto services. This quick change is due to the $44 billion extended debt plan by the International Monetary Fund (IMF) to Argentina to prevent bankruptcy of the country. The language included in the plan required Argentina to “discourage the use of cryptocurrencies.”

In April of 2020, it came to light that the Argentinian government may default on $65 billion worth of foreign debt. And with this news came massive pumps in the Bitcoin market as citizens attempted to dump Argentinian Pesos for harder, more reliable money like Bitcoin.

(1/2) Argentines are dumping record amounts of pesos for #bitcoin on LocalBitcoins, as the government is about to default on its debt (https://t.co/rSYFq8gDSD) and the currency is suffering from inflation. pic.twitter.com/oTFYadike4

— Arcane Research (@ArcaneResearch) April 23, 2020

With the inflation rate in Argentina around 50%, many people are trying to dump their Pesos for Bitcoin. If you are one of them then this is the guide for you!

One of the easiest ways to buy Bitcoin in Argentina is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in Argentina, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet.

Another way to buy Bitcoins in Argentina is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private.

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We maintain our own database of Bitcoin ATMs. Here are the ATMs we've found in Argentina. You can submit an ATM to use by using our contact form.

List of ATMs in Argentina

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Monero Ransomware Attack

In July of 2020, Argentina's largest telecom company, Telecom SA, experienced a ransomware attack, wherein hackers gained access to the Telecom companies network and encrypted all files, thereby locking out employees. The hackers demanded that Telecom SA pay the hackers $7.5 million in the form of the privacy coin Monero.

Argentina's major telephone company, Telecom, just got hacked. Hackers requesting a ransom of $7.5 million in Monero. $XMR pic.twitter.com/AGNvAXh1cg

— Alex Krüger (@krugermacro) July 19, 2020

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Does Coinbase work in Argentina?

Coinbase ONLY allows crypto-to-crypto conversions for Argentinian residents as of September of 2020.

Where Can I Find a Bitcoin ATM in Argentina?

You can find 12 Bitcoin ATMs in spread out across Buenos Aires as well as one in Rosario.

You can use our Bitcoin ATM finder tool to find one near you.

What is the price of Bitcoin in Argentina?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

Which stores accept Bitcoin in Argentina

Bitcoin is accepted at lots of stores and service providers all over Argentina. So many, in fact, that we couldn't possibly list them all here. However, you can find specific kinds of services and goods filterable on a map over at coinmap.org.

The colored sections indicate areas where there is heavier acceptance of Bitcoin