Best Crypto Exchanges in Argentina

Best Cryptocurrency Exchanges in Argentina

After reviewing the 17 cryptocurrency exchanges available in Argentina, we've identified the top choices for traders. Our team considered several key factors, such as regulatory compliance with the National Securities Commission (CNV), fee structures, supported cryptocurrencies and ARS deposit methods. Below is a comparison of the top 5 exchanges for Argentinian users.

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1. Bybit

Bybit is the top crypto exchange in Argentina, home to over 32 million users. It has a daily trading volume of $25 billion, making it one of the most liquid exchanges worldwide. There are more than 1,200 digital assets to trade with up to 100x leverage on spot and futures markets. It provides instant account verification and supports free ARS deposits. 

Beyond trading, Bybit offers a variety of investment opportunities, including staking, lending, and borrowing services that provide up to 260% APY. The platform is accessible in Spanish and features 24/7 customer support in the language, making it easy for local traders. Additional features include an NFT marketplace, copy trading services and a crypto debit card.

• Fees: Maker fee of 0.02%, taker fee of 0.055% for futures, and 0.1% for spot trading.
• Supported Assets: Over 1,300 digital assets.
• Regulation & Licensing: Complies with CNV regulations and globally licensed.‍
• ARS Deposit Methods: Bank transfer, credit card, debit card, Apple Pay, Google Pay, Lemon Cash and more.

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2. MEXC

MEXC is the go-to platform for futures trading, offering up to 200x leverage, one of the highest in the industry. This exchange is ideal for experienced traders looking to maximize their potential returns. It supports over 800 cryptocurrencies available for trading on spot and derivatives markets, and features a user-friendly interface tailored to both beginners and advanced traders.

It also offers competitive fees, a variety of staking options, and advanced charting tools to enhance the trading experience. With free and instant ARS deposits and withdrawals, MEXC is a top choice for Argentinian traders focused on futures trading.

• Fees: Maker fees from 0.02% to 0.06% and taker fees between 0.06% and 0.08%.
• Supported Assets: Over 800 cryptocurrencies.
• Regulation & Licensing: Operates under an Estonian license and available in Argentina.‍
• ARS Deposit Methods: Bank transfer, credit card, and debit cards.

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3. OKX

OKX is a great choice for institutional investors in Argentina, offering a comprehensive suite of services tailored to high-volume traders. Known for its deep liquidity and advanced trading features, OKX supports a wide range of 350 digital assets. The platform provides advanced tools, including API access, advanced order types, and a secure custody service.

The platform offers margin trading with up to 100x leverage and a range of staking options for those looking to earn passive income. It also provides access to DeFi through its Web3 portal that has an NFT marketplace, on-chain staking, a crypto wallet - OKX wallet and a native token, OKB Coin, which powers the exchange’s blockchain, OKT Chain.

• Fees: 0.08% fee for spot trading.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Complies with CNV regulations and registered in Argentina.‍
• ARS Deposit Methods: Bank transfers and credit card options.

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4. Uphold

Uphold is the best choice for beginners, offering a simple platform for trading cryptocurrencies and other assets. It supports over 200 digital currencies, plus 27 fiat currencies and 4 precious metals, including Gold, Silver, Palladium and Platnium. The platform is known for its transparent fee structure and asset reserves, undergoing regular audits to show funds are held 1:1.

There are unique features like the ability to trade between multiple asset classes all within one account and earning opportunities, allowing investors to earn up to 25% APY on 30 tokens. The platform is available in Spanish and provides comprehensive customer support, making it an excellent starting point for Argentinian users.

• Fees: A trading fee of 1% and a spread fee of 1%.
• Supported Assets: Over 250 digital assets, 4 precious metals, and 27 fiat currencies.
• Regulation & Licensing: Regulated by the FCA and available in Argentina.‍
• ARS Deposit Methods: Apple Pay, Google Pay, bank transfers, credit cards and debit cards.

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5. Gate.io

Gate.io is the leading platform for altcoin trading, offering access to over 2,100 cryptocurrencies, including many emerging memecoins, dog coins, NFT tokens and Metaverse coins. This exchange is ideal for traders looking to diversify their portfolios. It provides advanced trading features, including margin trading, futures contracts with 100x leverage, lending, and staking.

Gate.io also offers competitive fees of 0.1% for spot trading and high liquidity, making it a preferred choice for altcoin traders. Free ARS deposits and withdrawals through local payment methods further enhance the user experience.

• Fees: Maker fees starting at 0.1% and taker fees at 0.2%.
• Supported Assets: Over 2,100 digital assets.
• Regulation & Licensing: Globally regulated and available in Argentina.
• ARS Deposit Methods: Bank transfers, debit cards, credit cards and more.

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Is Crypto Regulated in Argentina?

Yes, cryptocurrency is legal in Argentina, and the country has recently introduced significant regulations affecting digital assets. As part of the new fiscal framework outlined in the Omnibus Law, Argentinians can now declare previously undeclared digital assets valued at under $100,000 without paying taxes, provided these assets are held in registered Virtual Asset Service Providers (VASPs). 

To qualify for these benefits, the declared cryptocurrencies must be held in VASPs registered with the National Securities Commission (CNV), which launched a VASP registry in June 2024. Unregistered international exchanges are not eligible, but funds can be transferred to a registered exchange to meet the requirements. 

The Argentine government’s evolving stance on cryptocurrency reflects a broader effort to regulate the market, enhance transparency, and ensure compliance with international standards. While the Central Bank of Argentina prohibits banks from offering crypto services, the country’s regulatory environment continues to develop.

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How Is Crypto Taxed in Argentina?

In Argentina, cryptocurrency transactions are subject to taxation managed by the Federal Administration of Public Revenue (AFIP). When cryptocurrencies are sold or traded, they are considered assets subject to capital gains tax. Profits from these activities must be reported as taxable income, and the applicable tax rates can vary depending on the individual's overall income.

Taxpayers benefit from a tiered flat tax rate on declared crypto assets: 5% until March 2024, 10% from April to June 2024, and 15% from July to September 2024. Additionally, a decree allows debt payments in non-legal tender currencies, showcasing the government's progressive stance on cryptocurrency.

While the specific rates are still being refined, capital gains taxes on crypto generally align with those on other financial assets. Additionally, Argentina has recently introduced regulations allowing taxpayers to declare previously undeclared crypto assets under certain conditions, with some tax exemptions available for assets valued under $100,000 if held in registered VASPs.

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How to Buy Bitcoin in Argentina

For Argentinian investors new to cryptocurrency, understanding the process of purchasing Bitcoin through a digital asset exchange is recommended. Follow this guide to get started:

1. Create an Account: Visit a reputable Argentinian exchange and sign up for an account. Complete the verification process by providing a photo ID and, if required, a selfie or proof of address.
2. Deposit Argentine Pesos (ARS): Navigate to the deposit section of your account, select ARS as your deposit currency, and enter the amount you wish to transfer. Complete the transaction using a bank transfer, local payment methods, or a credit card.
3. Choose Bitcoin: In the trading section, search for Bitcoin (BTC). Select the ARS/BTC trading pair to view the current market rate. Review the available trading options, such as market and limit orders.
4. Execute the Trade: Click 'buy' or 'trade' to purchase Bitcoin. Enter the amount of Bitcoin you want to buy or the ARS amount you're willing to spend. Review the order details, including price and fees, and execute the trade.

This guide provides a step-by-step approach for users in Argentina to start trading Bitcoin, covering every aspect from account creation to completing a trade.

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Bottom Line

In conclusion, Argentina's expanding crypto market is well-served by a range of exchanges that cater to different needs. Bybit, MEXC, OKX, Uphold, and Gate.io are the best platforms available, each offering unique features that make them suitable for various types of traders. Whether you're looking for multiple trading options or high-leverage futures, these exchanges provide secure access to digital assets.