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Where to Buy and Sell Bitcoin in Chile (Updated Guide)

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Despite economic uncertainties and regulatory challenges, Chile remains one of Latin America’s most active cryptocurrency markets. This guide explores trusted platforms, peer-to-peer options, and Bitcoin ATMs for trading BTC with Chilean Pesos (CLP).

Top Cryptocurrency Exchanges in Chile

Buda.com

👉 Visit Buda.com for secure BTC/CLP trading

  • Founded: 2015 (formerly SurBTC)
  • Services: BTC, BCH, ETH, LTC trading with CLP; operates in Chile, Colombia, Peru, and Argentina.
  • Features: Lightning Network integration, institutional backing (Digital Currency Group, CORFO).
  • Fees: 1.2% for instant orders, 1.5% for limit orders.
  • Volume: ~$825,310 daily (CoinMarketCap).

Mobile Apps: Android | iOS

CryptoMarket

  • Founded: 2017
  • Services: BTC, ETH, EOS, XLM/CLP pairs; licensed digital asset custody.
  • Fees: 1.5% for basic trades; variable for advanced orders.
  • Volume: ~$399,070 daily.

Mobile Apps: Android | iOS

Orionx

  • Key Feature: Direct buy/sell and advanced trading interface.
  • Challenges: Account freezes by banks (resolved via legal action).
  • Fees: 0.20%–0.66% per transaction.

Peer-to-Peer (P2P) Platforms

LocalBitcoins

👉 Trade BTC/CLP on LocalBitcoins
– Global Reach: Operating in Chile since 2012.
– Security: Escrow system and user reputation scores.
– Fees: 1% per transaction.
– Volume: 364 million CLP (2020 data).

LocalCryptos

  • Supports: BTC, ETH, LTC with CLP.
  • Advantage: Wallet integrations (Ledger, MetaMask).
  • Fees: 1% (0.25% for makers, 0.75% for takers).

Paxful

  • Payment Methods: Gift cards, bank transfers, Mercado Pago.
  • Fees: 0.5% (bank transfers) to 1% (other methods).

Bitcoin ATMs in Santiago

Chile hosts 4 Bitcoin ATMs (all in Santiago), though availability fluctuates.

Operator Cryptos Supported Fees Location
Bitcoin Teller BTC, BCH, ETH, LTC ±0.29% Santo Domingo 979, Local 11
Trovemat BTC, BCH, ETH, LTC Not disclosed Santo Domingo 979, Local 11
Bitcoin DAVE BTC ±2% Av. Vitacura 4380, Vitacura
Lamassu BTC, ETH Not disclosed José Arrieta 85, Providencia

Alternative Options

  • Facebook Groups: Informal trading (e.g., Bitcoin Chile).
  • Crypto Kiosks: Rare but growing (e.g., Paxful’s virtual kiosks).

Regulatory Landscape

Chile’s crypto regulations remain unclear. In 2018, banks froze exchange accounts, but court rulings later restored access. Users should prioritize platforms with legal compliance.

FAQ

1. Is Bitcoin legal in Chile?
Yes, but unregulated. Exchanges operate in a legal gray area.

2. Which platform has the lowest fees?
Buda and Orionx offer competitive rates (under 1%).

3. Can I buy Bitcoin anonymously?
LocalCryptos and P2P platforms allow minimal KYC.

4. Are Bitcoin ATMs safe?
Yes, but verify fees and limits beforehand.

5. What’s the best wallet for Chileans?
Hardware wallets (e.g., Ledger) or non-custodial apps like Trust Wallet.

6. How do I avoid scams?
Use escrow services on P2P platforms and avoid unofficial Facebook deals.

👉 Explore secure crypto trading options today

Last Updated: 2024

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