UPDATE 1 November 2021: When trying to access the website of Braziliex today, we received the following message in Portuguese stating that the company has closed down the exchange's operations:
Accordingly, we have decided to mark the exchange as "dead" and move it to our Exchange Graveyard.
To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.
Braziliex is a cryptocurrency exchange headquartered in the land of football and beaches – Brazil. You might already have guessed that based on the name Braziliex. The land of samba and football (“soccer” for you Americans) is actually also a wasp nest of crypto exchanges.
Braziliex does not forbid US-investors from trading on its exchange. Regardless, all US-investors should do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges that would otherwise have been the best cryptocurrency exchange site for them.
Payment Service for Merchants
Braziliex is maybe even more known for its merchant payment service – Braziliex Pay. Through this service, your customers can pay with Bitcoin and you as a merchant receive the Brazilian currency (BRL) – just like that! All you need to do is to register and download an app.
Braziliex Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at Braziliex:
Braziliex Trading fees
Now to the fun part: the fees. There are also a number of top crypto exchanges who don’t charge different fees between takers and makers. Usually, we say that such exchanges’ trading fees are “flat”. This exchange is one of those exchanges. They offer a flat trading fee of 0.50%. Accordingly, they do not care about whether you are a taker or a maker. For investors who prefer to pick-up existing orders from the order book, this is a more attractive fee model. Its trading fees for takers are 0.50% and this fee is above the industry average which is around 0.25%. One should consider whether the exchange has a strong offering to investors in other respects that outweighs the disadvantage of this somewhat higher trading fee.
Braziliex Withdrawal fees
Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of cryptocurrency units withdrawn), and varies from cryptocurrency to cryptocurrency. The global industry average withdrawal fee is arguably around 0.0006 BTC when you withdraw BTC, but we see more and more changes that have started charging 0.0005 BTC per withdrawal. 0.0005 BTC is thus establishing itself as the new industry average.
Here, at Braziliex, the withdrawal fees are dynamic. The most recent time we checked these fees (10 April 2021), they were 0.00102961 BTC per BTC-withdrawal. This is way above the global industry average, being around 0.000643 BTC per BTC-withdrawal as mentioned above.
Braziliex offers wire transfer as a deposit method, but you can’t deposit via credit card. This might of course be disadvantageous if you want to flex your credit card for any reason.