Bitcoin (BTC) inaugurated the cryptoasset market in 2009 and has been the most popular decentralized digital currency ever since. With this cryptocurrency, the first foundations for new payment systems with digital assets were laid.

In 2024, one bitcoin is equivalent to more than 60,000.00 dollars, a huge figure compared to the price in its launch year: 0.00076 dollars. The exponential increase in the value of bitcoin and the possibility of buying fractions of this cryptocurrency (Satoshis) makes more and more people see it as a viable option to increase their capital.

If you want to start investing in BTCs, but you still don’t know how, keep reading. This guide explains how to buy bitcoin in Peru in the easiest way. Let’s get started!

How to buy bitcoin in Peru: step by step

Buying bitcoin in Peru is simple, in general, only two steps are required: creating an account in an exchange and choosing a secure wallet to store BTC. Each step is explained in detail below.

Choose an exchange

Exchanges facilitate the purchase of cryptocurrencies in the digital market. The most notable function of these platforms is that they provide the greatest protection to users. On the other hand, they promote the sale of cryptoassets from those who store their tokens in the site’s wallet.

It is important to choose a secure and recognized exchange, such as Fluyez, the most popular Peruvian platform to buy cryptocurrencies. Also, consider these criteria when choosing:

The needs of each investor: each fintech has benefits and features aimed at a specific audience. For example, the investment time (short, medium, long term) and the type of buy and sell participation.
Exchange company experience: the exchange’s track record is crucial to determine whether it has robust security ratings. In addition, the longer it has been around, the easier it will be to assess its reputation.
Payment methods: the way users pay to buy bitcoin also corresponds to the regulations of each country. It is essential to verify whether the exchange supports payments from an account or bank in the region where the purchase will be made.

Crypto exchange platforms work through different operations. According to each of them, the bitcoin purchase can be more expensive or with lower commission fees. They even determine the waiting time before the transaction is carried out. These operations are: brokers, the use of trading or P2P. See the characteristics of each one:

Brokers

Cryptocurrency brokers are in charge of simplifying the buying and selling of tokens for users. They are intermediaries that set prices according to different sources derived from exchanges.

For those looking for a simpler experience, platforms with brokers are more recommendable. They even guarantee personalized attention and guide inexperienced users on how to invest in the digital market. In other words, they avoid resorting to technicalities when implementing trading to buy or sell cryptos.

However, exchanges with brokers tend to handle the highest commissions in the market. This is due to the services they offer users to facilitate obtaining BTC.

Trading

Trading consists of buying cryptocurrencies to sell them at a more opportune moment or when their value increases. It is possible to make this type of transactions from a digital asset exchange platform. Commission rates range from 0.1% for each purchase/sale process.

Experts in the field recommend the following:

Educate yourself on how trading works and how bitcoin behaves in the digital market.
Do not invest in a risky way.
Expand the wallet with other cryptocurrencies.
Pay attention to the news about the fluctuations and birth of other cryptocurrencies.

Cryptocurrency trading can be both short-term and long-term. In the first case, tokens are stored for a short time in order to make quick profits. The long-term trading mode provides for coins to be held for 1 or 2 years. This is a safe option in the face of the volatility of cryptos in the market.

Peer-to-peer (P2P)

Trading cryptocurrencies with an exchange that operates with P2P transactions allows users to buy and sell among themselves. It is a more direct method compared to the previous two. Now, peer-to-peer is a technology that establishes the connection if between investors there is a file exchange. This type of transfer is possible with a USB device.

The transaction is secure and fair for those who buy or sell. It is a decentralized market that increases privacy and avoids fraud.

Proceed to checkout

The last step of how to buy Bitcoin in Peru is to make the purchase from the exchange. This depends on the type of digital asset exchange platform:

Exchange with broker: only the amount of bitcoin to be obtained is added. After that, the company transfers the BTC tokens to the user’s wallet.
Exchange that works with trading: money is deposited to the wallet funds to make the search for BTC available on the market.
P2P Exchange: allows you to canvass the offers to get the best price. Generally, sellers have reputation indexes or reviews from other buyers. Once the most reliable user has been selected, he is contacted through the platform’s chat.

Where to buy bitcoin in Peru?

The Lima Stock Exchange has allowed the entry of bitcoin. This has led to the opening of 19 brokerage houses where BTC can be purchased. The purchase of this cryptocurrency is safe, however, it is a medium regulated by the ETF.

However, there are other ways to buy bitcoin in Peru with simple and fast procedures that are also secure.

Bitcoin ATMs

In addition to online stores, every day there are more and more physical stores that support BTC as a payment method. Therefore, there are establishments and ATMs where buying cryptocurrencies in Peru is possible.

People in Lima have access to BTC from stores that have these ATMs. The most recognized are: PlazaTec (Garcilaso de la Vega), La Tiendita de Nakamoto (Miraflores) and La Alborada (Santiago de Surco).

To use Bitcoin ATMs, it is necessary for the user to have a BTC wallet. The steps to perform the transaction are simple, the whole procedure is displayed on the ATM screen.

Exchange platforms

Today, cryptocurrency exchange platforms abound. Some offer more competitive rates than others. It is advisable to opt for exchanges with better reviews and a wide variety of cryptos available.

Fluyez is a recognized fintech in Peru with a commission percentage of 1%. On the other hand, it has good ratings from its users. Transactions are fast and efficient thanks to its intuitive interface.

Another favorable option is the Buda platform, since it is available for several Latin American countries. However, unlike Fluyez, which has 200 types of cryptocurrencies, in Buda there are only 3 options to choose from.

Bit2Me is a very popular exchange in Europe. From the wallet of this platform it is possible to send, store and receive cryptos or money. The wallet is free and easy to access.

Binance is also a viable option to buy Bitcoin in Peru. It is the fintech that has been in the market for the longest time, ideal for those who have extensive knowledge about cryptos.

Factors influencing the price of bitcoin

BTC, like other cryptocurrencies, has values that change frequently. To know how to buy Bitcoin in Peru, it is crucial to pay attention to the volatility of cryptoassets. This allows you to determine when is the right time to invest. The factors that determine the price of bitcoin in the digital market are the following:

Supply and demand

Depending on the supply and demand of bitcoin, its price tends to vary. For example, in case the purchase of this crypto increases, the price will rise considerably. However, if supply grows in the market, but demand stagnates, the price falls.

Both trend updates and investor buying interest are key to determining when to buy BTC. Financial news and sites specializing in cryptocurrency price predictions help establish buying strategies.

Government regulations

Countries around the world have expressed varied positions regarding the circulation of bitcoin and other alternative currencies. While some governments accept and legalize the inclusion of cryptocurrencies in their economy, others limit or restrict them. What is certain is that cryptos have become a safe and promising source of investment.

Now, it is necessary to turn attention to the government’s stance on bitcoin regulations. The demand for this digital currency may be extinguished in a country that bans the use of BTC. Therefore, its price would drop considerably.

It is recommended to follow updates on the Peruvian government’s decisions regarding the purchase and sale of bitcoin.

Global events

Part of the investment sector tends to protect its capital by acquiring cryptocurrencies. In this sense, buying bitcoin in Peru is a favorable option to protect individual assets.

In the face of global economic crises, the demand for BTC increases, as it is considered a safe saving against currency changes and devaluations. This implies that its price would increase on a large scale.

To make an efficient purchase requires a global assessment of the demand for bitcoin and the contexts of the world economy.

Are cryptocurrencies legal in Peru?

Cryptocurrencies are not regulated by the Central Bank of Peru. In 2018, this financial entity issued a statement in this regard. The announcement stated that the Peruvian government does not support the use of digital currencies. They also warned about the risk involved in investing in cryptoassets.

However, in 2021, a law was postulated to monitor the circulation of cryptocurrencies in Peru. According to this law, companies using cryptos must be registered with the Superintendence of Banks, Insurance and AFP. It is a mandatory registration that has the purpose of monitoring transactions with cryptocurrencies to prevent money laundering.

By 2022, this law was repealed due to the Superintendency’s inability to enforce these regulations.

Now, buying cryptocurrencies in Peru is not illegal, but an identity verification is required. In fact, it is a common procedure among the different exchanges.

Recommendations before buying BTC in Peru

The bitcoin brings with it several advantages, among them, providing a secure savings method. This does not mean that there are no risks for the invested capital, especially if it is a long-term investment.

Before buying Bitcoin in Peru, it is essential to follow some recommendations that help to increase the investor’s security:

Investments should not exceed the limit of what you are willing to lose. In these scenarios, bitcoin fluctuations can play against you. It is possible that the price on the day of purchase will be higher than on the day of sale.
Scams and frauds are the order of the day, as transactions are anonymous and irreversible. Relevance plays an important role before finalizing the investment process. Checking the seller’s reviews and the credibility of the platform before buying is an essential point.
Storing BTC in secure wallets is achieved through passwords and two-factor verification. This method helps to keep cryptocurrencies safe from unauthorized access.

Buying bitcoins in Peru opens the doors to a universe full of financial opportunities, since it is a global economy with many benefits. However, security is paramount when buying bitcoins, so be sure to participate in a reliable exchange to avoid risky transactions.

Complete guide on where and how to buy bitcoins in Peru