Purchasing bitcoin and other cryptocurrencies in El Salvador is easy, and the setup time is typically under 10 minutes.
As a crypto trader in El Salvador, you will enjoy the freedom President Nayib Bukele created around digital assets in the North American country.
Bukele is a known big fan of bitcoin who bought bitcoins worth millions of US dollars for his country, so, if you’ve been searching for platforms to exchange crypto assets to another in El Salvador, here are the five best crypto exchanges in El Salvador.
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Note: You have to look out for the factors that determine a good cryptocurrency exchange platform.
AvaTrade
Users can trade cryptocurrencies alongside stocks, commodities, currency, market indices, ETFs, and more on Avatrade without paying any trading commissions.
Users can trade up to 20x leverage on cryptocurrencies, which supports hundreds of cryptocurrencies (up to 200x leverage on other assets).
Because Avatrade’s tight spreads range from 0.1% to 0.3% (depending on the asset), using the platform costs very little overall (0% trading commissions plus 0.1% to 0.3% spreads).
It features an entirely functional PC platform, a mobile app that is highly regarded (4.3/5 on iOS and Android), and an excellent demo account where you can practice trading with tangible assets in real-time.
AvaTrade is a safe and secure platform because it has licenses from the Central Bank of Ireland in Europe and the Australian Securities and Investments Commission (ASIC).
One of the factors contributing to Avatrade’s customer care team’s stellar reputation is that every user gets direct access to their account manager via phone, email, and live chat.
With Avatrade, deposits and withdrawals are always free, and whether you use spot orders or limit orders, you’ll never have to pay trading commissions.
Capital
Capital enables users to trade cryptocurrencies alongside stocks, commodities, currency, market indexes, ETFs, and more without paying any trading commissions.
Users can trade with 2x leverage on cryptocurrencies, supporting over 100 coins (up to 500x leverage on other assets).
Capital is a safe and secure platform because it has licenses from the Australian Securities and Investments Commission (ASIC) and the UK’s Financial Conduct Authority (FCA).
Every user is assigned a personal account manager whom they may contact by phone or email at any time, contributing to the good feedback Capital’s customer service staff consistently receives.
Capital never charges fees for deposits or withdrawals; regardless of whether you use spot or limit orders, you’ll never be charged a trading commission.
Crypto.com
Crypto.com is one of the best crypto exchanges in El Salvador, and of course, it is an international player in the digital assets space.
Crypto.com offers seasoned cryptocurrency investors access to a reliable exchange. Its support for over 100 cryptocurrencies makes it the perfect choice for anyone wishing to buy undiscovered altcoins before the general public.
Users can trade futures and options contracts, stake their coins to earn interest, and use up to 10x leverage when they are incredibly confident in a particular coin.
This provides stakeholders with opportunistic earnings from cryptos that have yet to be widely adopted.
Yet, Crypto.com offers various services that enable users to earn, spend, and borrow against cryptocurrencies, making it more than just a trading site.
SpectroCoin
One of the first cryptocurrency exchanges was SpectroCoin, established in 2013. It supports 49 popular cryptocurrencies, including Polkadot, Polygon, and Bitcoin (BTC) (POL).
Also, it accepts 14 of the most popular payment options, such as SEPA, Skrill, and Neteller.
El Salvador crypto traders who use SpectroCoin can enjoy up to 0.1% for putting their cryptocurrency on the market.
Takers, on the other hand, are charged a fixed price of 0.1% for each deal. Cryptocurrency deposits are 100% free, while all withdrawals are subject to network fees (0.0005 BTC for Bitcoin).
Collateralized loans from SpectroCoin are supported with competitive APRs (8.55% for BTC) and up to 75% LTV.
You can therefore think about making other investments without ever having to give up your long position in crypto assets.
Kraken
Kraken handles 87+ cryptocurrencies and several order types (including stop-loss and stop-limit orders).
For El Salvadorians, Kraken is a safe exchange for them provided they are ready to adhere to strict security regulations.
Those who are intermediate or advanced can trade futures contracts and use the leverage of up to 5x to more than 30 cryptocurrencies.
It has a Global Settings Lock (GSL) and Master Key system that prevents unauthorized modifications to your account even if your password and 2FA are stolen.
It maintains 95% of its cryptocurrency holdings offline in cold storage.
Kraken consistently ranks among the top 10 cryptocurrency exchanges globally for Bitcoin and trading volume across all cryptocurrencies.
It has the enormous euro volume of Bitcoin trading of any exchange. Also, it was the first cryptocurrency exchange whose trading volumes and prices were integrated into the Bloomberg Terminal.
On Kraken, security is typically regarded as being at an extremely high level.
Uphold
Crypto trading is permitted for Salvadorans by Uphold, and trading there is 100 per cent secure and safe.
You can trade Forex, cryptocurrencies, stocks, and metals from one account, schedule automatic trades to buy or sell using AutoPilot, get a debit card to pay with cryptocurrencies or gold and get CashBack, and Uphold publishes their holdings and obligations.
You only need to enter the bare minimum of personal data to join up for Uphold, such as your email address, home nation, and nationality.
To trade crypto on Uphold in El Salvador, users must also upload a legitimate government-issued photo ID, such as a driver’s license or passport, to prove their identification.
Allowing one-step payments for El Salvadorians is another way Uphold helps customers save time.
On other sites, you must first deposit money into your account to trade, so you must wait until it does.
When using Uphold, you complete the transaction immediately using the associated payment option.
Conclusion:
In conclusion, Buying cryptocurrency in El Salvador can be easy by choosing the right exchange.
To be sure a cryptocurrency exchange is right for you, you should compare its features and fees versus similar competitors. We hope the above list of best Crypto Exchanges Iin El Salvador would help you make the right decision.
You should also research the background of each exchange before deciding to trust your money with it.
