In Chile, the best five cryptocurrency exchanges are Bybit, MEXC, Gate.io, Kraken, and Uphold. Learn about these top platforms and compare their fees, features, security, customer support options, and more.
Summary of 5 Best Crypto Exchanges in Chile:
In Chile, experts advise opting for exchanges regulated by the Chilean Financial Market Commission (CMF) for purchasing and trading Bitcoin and other cryptocurrencies. By utilizing bank transfers, online payment services, or credit/debit cards to deposit Chilean Pesos (CLP), individuals can legally buy, stake, and trade digital assets.
For novices embarking on their crypto ventures in Chile, we’ve assessed the top 5 trading platforms prevalent in the region:
- Bybit – Best Overall Crypto Exchange in Chile
- MEXC – Best for High Leverage Traders
- Gate.io – Best Exchange in Chile for Altcoins
- Kraken – Top Choice for Institutional Investors
- Uphold – Best Platform for Beginners
| Exchange | Cryptocurrencies | Trading Fees | Deposit Methods | Key Features |
| Bybit | 1,000+ | Maker: 0.01%, Taker: 0.06% | Bank Transfer, Debit/Credit Card, Google Pay | Staking, Options, Futures, Lending |
| MEXC | 300+ | Maker: 0.02%, Taker: 0.06% | Bank Transfer, Debit/Credit Card | 200X Leverage, Staking, Options |
| Gate.io | 1,700+ | 0.08% Trading Fee, 0.1% Spread | Bank Transfer, Debit/Credit Card | Widest Altcoin Variety, Futures, Options |
| Kraken | 250+ | Maker: 0.016%, Taker: 0.26% | Bank Transfer, Debit/Credit Card | Spot Trading, Futures, Staking |
| Uphold | 250+ | 1% Trading Fee, 1% Spread | Debit/Credit Card, Google Pay, Apple Pay | Staking, Gold & Silver Investing |
Bybit Overview:
Rated as the premier crypto exchange in Chile, Bybit is known for its extensive cryptocurrency selection, low trading fees, and user-friendly interface. The platform offers free and instant CLP deposits, allowing users to trade over 1,000 digital assets seamlessly.
Best features
- Over 1,000 cryptocurrencies available for trading
- Low trading fees: 0.01% for makers and 0.06% for takers
- Free deposits and withdrawals
- Supports bank transfers, credit/debit cards, PayPal, and other payment methods
- Staking, options, futures, and lending services available
- No KYC required for deposits and withdrawals up to 2 BTC daily
Why we like it
Bybit stands out as the best overall crypto exchange in Chile due to its comprehensive features, low fees, and wide selection of digital assets. The platform caters to both beginners and experienced traders, offering a user-friendly interface and advanced trading tools. With free deposits and withdrawals, along with various payment options, Bybit makes it easy for Chilean investors to enter the world of cryptocurrency trading.
Key Metrics
- Trading fees: 0.01% for makers, 0.06% for takers
- Supported cryptocurrencies: 1,000+
- Daily deposit limit without KYC: 2 BTC
- Daily withdrawal limit without KYC: 2 BTC
- Minimum deposit: No minimum
- Minimum withdrawal: 0.001 BTC
- Leverage: Up to 100x
- Staking APY: Up to 30%
- Futures trading: Yes
- Options trading: Yes
MEXC Overview:
Emerging as a security-focused crypto trading platform, MEXC offers high leverage trading and a wide selection of digital assets. The exchange is licensed in Estonia and adheres to strict regulatory standards, ensuring a secure environment for its users.
Best features
- Over 300 cryptocurrencies available for trading
- High leverage trading up to 200x
- Competitive trading fees: 0.02% for makers and 0.06% for takers
- Supports bank transfers and debit/credit card deposits
- Staking, options, and IEO participation available
- User-friendly interface and mobile app
Why we like it
MEXC is an excellent choice for Chilean traders looking for high leverage trading and a diverse selection of cryptocurrencies. The platform’s focus on security, with its Estonian license and strict regulatory compliance, provides users with peace of mind. MEXC’s competitive fees and various deposit options make it an attractive choice for both novice and experienced traders.
Key Metrics
- Trading fees: 0.02% for makers, 0.06% for takers
- Supported cryptocurrencies: 300+
- Daily trading volume: Over $2 billion
- Leverage: Up to 200x
- Staking: Yes
- Options trading: Yes
- IEO participation: Yes
- Mobile app: Yes
- Regulation: Licensed in Estonia
- Headquarters: Seychelles
Gate.io Overview:
Gate.io is a top choice for Chilean investors seeking a wide variety of altcoins. Although not directly regulated by the CMF, the platform remains accessible to Chilean users and offers an impressive selection of over 1,700 cryptocurrencies.
Best features
- Extensive altcoin selection with over 1,700 cryptocurrencies
- Competitive trading fees starting at 0.1% for makers and 0.2% for takers
- Supports bank transfers, debit, and credit card deposits
- Automated trading bots and startup section for unique market opportunities
- High liquidity with over $5 billion in daily trading volume
Why we like it
Gate.io is an excellent platform for Chilean traders looking to diversify their portfolios with a wide range of altcoins. The exchange’s high liquidity and substantial global user base ensure a smooth trading experience. With features like automated trading bots and a dedicated startup section, Gate.io offers unique opportunities for traders to explore new markets and strategies.
Key Metrics
- Trading fees: 0.1% for makers, 0.2% for takers
- Supported cryptocurrencies: 1,700+
- Daily trading volume: Over $5 billion
- Global user base: Over 14 million
- Deposit methods: Bank transfers, debit/credit cards
- Automated trading bots: Yes
- Startup section: Yes
- Regulation: Not directly licensed by CMF
- Headquarters: Seychelles
- Exclusive trading events and competitions: Yes
Kraken Overview:
Kraken is a well-established crypto exchange with a global presence, serving over 9 million users across 190 countries. The platform offers a diverse selection of over 200 cryptocurrencies and a user-friendly interface for Chilean investors.
Best features
- Wide selection of over 200 cryptocurrencies, including Bitcoin, Ethereum, Celestia, and Solana
- Low minimum deposit of just $10
- Competitive trading fees: 0.01% for makers and 0.02% for takers
- Supports bank transfers and credit card deposits
- Mobile apps for iOS and Android
- Staking services with up to 24% annual returns
- Kraken Pro for experienced traders with low spreads and high liquidity
Why we like it
Kraken’s user-friendly interface, low minimum deposit, and wide selection of cryptocurrencies make it an attractive choice for Chilean investors of all levels. The platform’s commitment to user convenience, evident in its mobile apps and staking services, enhances the overall trading experience. For advanced traders, Kraken Pro offers a professional environment with low spreads and high liquidity.
Key Metrics
- Trading fees: 0.01% for makers, 0.02% for takers
- Supported cryptocurrencies: 200+
- Margin markets: 100+
- Global user base: Over 9 million
- Quarterly trading volume: $207 billion
- Minimum deposit: $10
- Staking returns: Up to 24% annually
- Mobile apps: iOS and Android
- Regulation: Compliant with international standards
- Deposit methods: Bank transfers, electronic payments, debit/credit cards
Uphold Overview:
Uphold is a globally accessible cryptocurrency platform serving over 10 million users in more than 150 countries. The exchange offers a comprehensive portfolio of over 250 digital assets, making it a solid choice for Chilean investors.
Best features
- Broad selection of over 250 digital assets, precious metals, and fiat currencies
- Attractive staking options with up to 25% APY on 30 cryptocurrencies
- Transparent and reliable, adhering to European regulatory standards
- Audited proof-of-reserves ensuring 1:1 backing for digital assets
- Smooth trading experience across web and mobile platforms
- Supports bank transfers, credit/debit cards, and mobile payments (Google Pay and Apple Pay)
Why we like it
Uphold’s extensive portfolio of digital assets, precious metals, and fiat currencies offers Chilean investors a diverse range of investment opportunities. The platform’s commitment to transparency and security, evident in its adherence to European regulations and audited proof-of-reserves, instills confidence in users. With attractive staking options and a seamless trading experience across web and mobile, Uphold caters to the needs of both novice and experienced investors.
Key Metrics
- Trading fee: 1%
- Spread fee: 1%
- Supported assets: 250+ digital assets, precious metals, and fiat currencies
- Staking APY: Up to 25%
- Staking options: 30 cryptocurrencies
- Global presence: Over 150 countries
- User base: More than 10 million
- Regulation: Meets European standards
- Audited proof-of-reserves: Yes
- Deposit methods: Bank transfers, credit/debit cards, Google Pay, Apple Pay
Also read:
How to Purchase Cryptocurrencies in Chile:
For beginners aiming to invest in digital currencies within Chile, adhere to this detailed, step-by-step guide for lawful and secure transactions:
- Select a reliable exchange: Choose a platform that is approved by Chile’s regulatory authorities, as highlighted in our guide. Bybit is our top recommendation for the best overall crypto exchange in Chile.
- Registration: Use your email for registration, establish a strong password, and complete any necessary KYC (Know Your Customer) procedures.
- Deposit Chilean Pesos (CLP): Fund your account using domestic bank transfers, credit/debit cards, or digital wallets.
- Buy Crypto: Select the desired cryptocurrency and quantity, then confirm the purchase.
- Secure Your Assets: Transfer your digital currencies to a secure crypto wallet to enhance security.
Legality and Regulation of Crypto Investing in Chile:
In Chile, the regulation of cryptocurrencies is still in its early stages, with no comprehensive legal framework specifically governing digital assets. The Central Bank of Chile has stated that cryptocurrencies are not considered legal tender or foreign currency, although they are widely used. The Supreme Court of Chile recognized cryptocurrencies as “intangible assets” in 2018, influencing their treatment under tax laws but not fully integrating them into the financial regulatory system.
Is Crypto legal in Chile?
Yes, cryptocurrencies are legal in Chile, although they are not considered legal tender or foreign currency. The Supreme Court of Chile recognized cryptocurrencies as “intangible assets” in 2018, and the Fintech Law enacted in 2023 defines and regulates crypto-assets.
How is Crypto taxed in Chile?
In Chile, cryptocurrency gains are taxed under the income tax framework, following the guidelines set by the Servicio de Impuestos Internos (SII). Profits from cryptocurrency sales are subject to income tax, with rates ranging from 0.4% for lower income brackets to 35% for higher earnings. Cryptocurrency transactions are exempt from the 19% Value Added Tax (VAT) but must be accompanied by invoices and receipts. For companies, the corporate tax rate is set at 27%, with a reduced 25% rate for SMEs under a special regime.
Conclusion:
Navigating the cryptocurrency market in Chile is made significantly more accessible and secure through regulated exchanges that align with the Chilean Financial Market Commission’s guidelines. Our top 5 recommended platforms – Bybit, MEXC, Gate.io, Kraken, and Uphold – stand out for their compliance, diverse cryptocurrency offerings, and user-friendly experiences. By choosing a reliable exchange and following the step-by-step guide for purchasing cryptocurrencies, Chilean investors can confidently enter the world of digital assets while adhering to the country’s evolving regulatory and tax landscape.
FAQs:
Are cryptocurrencies legal in Chile?
Yes, cryptocurrencies are legal in Chile, but they are not considered legal tender or foreign currency. The Supreme Court of Chile recognized them as “intangible assets” in 2018, and the Fintech Law of 2023 defines and regulates crypto-assets.
Is KYC required on Chilean crypto exchanges?
KYC requirements may vary depending on the exchange and the level of account verification. Some platforms, like Bybit, allow users to deposit and withdraw up to a certain amount without KYC, while others may require full verification for all users.
Can I buy cryptocurrencies with Chilean Pesos (CLP)?
Yes, most crypto exchanges serving the Chilean market support CLP deposits through various methods, such as bank transfers, credit/debit cards, and digital wallets.
