Peru is catching the cryptocurrency wave, with a growing number of citizens diving into the digital asset market. This surge has sparked the emergence of numerous trading platforms. To help you navigate this exciting landscape, this guide breaks down the top five crypto exchanges available for Peruvians today.
How to Pick the Right Crypto Exchange
When selecting a crypto exchange in Peru, consider these key factors:
- Security Measures: Look for platforms that offer robust security features like two-factor authentication (2FA) and cold storage for funds.
- Fees and Costs: Compare the trading, deposit, and withdrawal fees across different exchanges to find the most cost-effective option.
- Available Cryptocurrencies: Make sure the exchange lists the specific digital assets you are interested in buying, selling, or trading.
- User Experience: Choose a platform with an interface that you find easy to navigate, whether you are a beginner or an experienced trader.
- Customer Support: Confirm that the exchange provides responsive and helpful customer service to address any potential issues.
List of the Top 5 Crypto Exchanges in Peru
1. Binance
As the world's largest crypto exchange by trading volume, Binance offers an extensive selection of over 350 cryptocurrencies. It stands out with low spot trading fees of 0.10% and advanced options like margin trading with up to 10x leverage, catering to both new and experienced traders.
Key Trading Details
- Trading Fees: Regular users are charged a 0.10% fee for spot trading.
- Taker Fee: The taker fee for spot trading is 0.10%.
- Maker Fee: The maker fee for spot trading is also 0.10%.
- Number of cryptocurrencies offered: The exchange provides access to over 350 cryptocurrencies.
Reviews
User feedback for Binance is largely positive, earning it an impressive overall score of 9.8 out of 10. Traders frequently praise its low fees, robust security, and vast selection of cryptocurrencies, though some find the platform complex for newcomers and have noted occasional difficulties with depositing funds. You can read more reviews here.
2. Bybit
Serving over 60 million users, Bybit is the world's second-largest crypto exchange by trading volume. It has a strong focus on Web3, offering a diverse marketplace with over 100 tokens and advanced products like derivatives with up to 100x leverage, bridging the gap between traditional and decentralized finance.
Key Trading Details
- Trading Fees: The exchange operates on a tiered fee model, where standard users are charged 0.10% for spot trades.
- Taker Fee: For non-VIP users, the spot trading taker fee is set at 0.10%.
- Maker Fee: The spot trading maker fee for non-VIP users is also 0.10%.
- Number of cryptocurrencies offered: You can trade over 100 different crypto tokens on the platform.
Reviews
Bybit earns a strong 4.7 out of 5 rating from users, who frequently praise its good integration with TradingView, quick trade execution, and general ease of use. On the other hand, some traders note areas for improvement, such as the need for better pricing for beginners and the lack of MetaTrader 5 integration. You can read more reviews here.
3. Kraken
A pioneer in the industry, Kraken is a US-based exchange established in 2011. It stands out with its leading euro volume and liquidity, offering over 120 cryptocurrencies and 7 fiat currencies. Users can access spot and margin trading, futures, and earn rewards through coin staking.
Key Trading Details
- Trading Fees: The platform uses a maker-taker model for Kraken Pro, with fees varying based on 30-day trading volume.
- Taker Fee: Taker fees for Kraken Pro range from 0.10% to 0.26%.
- Maker Fee: Maker fees for Kraken Pro range from 0.00% to 0.16%.
- Number of cryptocurrencies offered: The exchange supports trading for over 120 different cryptocurrencies.
Reviews
Users give Kraken a high overall score of 9.6 out of 10. While many praise the platform's strong security and useful mobile app, others mention that it can be difficult for beginners to get started and that customer support can be slow to respond. You can read more reviews here.
4. OKX
OKX is a global exchange that goes beyond standard trading by offering a comprehensive Web3 portal. It provides access to over 350 cryptocurrencies, derivatives with up to 125x leverage, and an integrated wallet that serves as a gateway to NFTs, DApps, and its native X Layer blockchain.
Key Trading Details
- Trading Fees: The exchange uses a tiered maker-taker model where fees decrease based on your trading volume or OKB token holdings.
- Taker Fee: The taker fee for spot trading is 0.05%.
- Maker Fee: The maker fee for spot trading is 0.02%.
- Number of cryptocurrencies offered: The platform provides access to over 350 cryptocurrencies.
Reviews
With an overall user rating of 8.1 out of 10, OKX is often praised for its strong security, low fees, and wide selection of cryptocurrencies, but its advanced features can be overwhelming for newcomers. You can read more reviews here.
5. MEXC
MEXC is a global crypto exchange established in 2018, recognized for its user-friendly interface and exceptionally low fees. It provides access to over 3,000 cryptocurrencies, giving traders an edge with early listings of new tokens and advanced products like futures trading with up to 500x leverage.
Key Trading Details
- Trading Fees: The exchange offers very low fees, with frequent zero-fee promotions and discounts for high-volume traders.
- Taker Fee: The taker fee for spot trading is 0.02%.
- Maker Fee: The maker fee for spot trading is 0%.
- Number of cryptocurrencies offered: The platform provides access to over 3,000 cryptocurrencies.
Reviews
User feedback on MEXC is sharply divided. While some traders praise the platform for its user-friendly interface and quick live support, a significant number report serious issues such as frozen accounts, withdrawal problems, and unhelpful customer service, resulting in an overall rating of 2.0 out of 5. You can read more reviews here.
Why Businesses Choose OneSafe for Crypto-Friendly Banking
OneSafe is the financial operating system designed for Web3 innovators. We provide the infrastructure to bridge your digital asset operations with traditional banking, all from one unified platform.
- Unified Treasury: Manage both fiat and crypto assets from a single, intuitive dashboard.
- Global Accounts: Hold, send, and receive funds in multiple currencies to support your international operations.
- Direct Crypto Conversion: Instantly move between crypto and fiat with built-in on and off-ramps.
- Smart Corporate Cards: Issue physical and virtual cards with advanced spending controls for your team.
- Flexible Payments: Send and receive payments worldwide via ACH, wire transfers, and other major rails.
- Fortified Security: Operate with confidence, knowing your assets are protected by enterprise-grade security, including Fireblocks and mandatory MFA.
Ready to simplify your crypto-friendly business banking? Sign up with OneSafe.
