As Bitcoin adoption continues to grow in Peru, there are now more ways than ever to buy and sell cryptocurrency. From established peer-to-peer (P2P) platforms to physical Bitcoin ATMs, Peruvian users have multiple options depending on their needs and experience level.
P2P trading has become especially popular in the country. Recent data shows that over $25.5 million worth of Bitcoin was traded within just six months using platforms like LocalBitcoins and Paxful.
Where to Sell Bitcoin in Peru: Available Platforms
Several trusted platforms facilitate Bitcoin sales in Peru. Each offers distinct features, fees, and payment methods.
LocalBitcoins
Founded in 2012, LocalBitcoins has established itself as a leading P2P marketplace and is widely used by Peruvians for buying and selling Bitcoin. The platform is user-friendly and supports direct transactions between users.
Trading volume in Peru reached $25.5 million in the last 180 days.
Key Details for LocalBitcoins
- Supported currencies: BTC and Peruvian Sol (PEN)
- Fees: 1% per trade; internal wallet transfers are free; external wallet deposits cost 0.00015 BTC; external withdrawals cost 0.00005 BTC
- Weekly trade volume (2020–2021): Between PEN 2.7 million and PEN 3.7 million
- Mobile app: Available
Paxful
Paxful is a P2P cryptocurrency exchange launched in 2015. It operates similarly to LocalBitcoins, enabling users to trade directly with one another.
Key Details for Paxful
- Supported currencies: BTC and PEN
- Fees: No fees for buyers; sellers pay 1% per transaction
- Weekly trade volume (2020–2021): PEN 2.7 million to PEN 3.7 million
- Mobile app: Not available
9780 Bitcoin
9780 Bitcoin is a Peru-based exchange that allows users in Lima, Arequipa, and Cusco to buy and sell Bitcoin. It offers an automated quoting system and requires an external wallet.
Key Details for 9780 Bitcoin
- Supported currencies: BTC, ETH, BCH, LTC, USDC, and PEN
- Fees: $3 flat fee per transaction
- Trade volume: No public data available
- Mobile app: Not available
Fluyez
Fluyez is a cryptocurrency exchange that supports buying and selling digital assets with competitive fees. Users can withdraw funds directly to major Peruvian bank accounts, including BCP, Interbank, and Scotiabank.
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Key Details for Fluyez
- Supported currencies: 100+ cryptocurrencies
- Fees: 1% swap fee
- Minimum purchase: As low as $1
- Mobile app: Currently in development
Steps to Sell Bitcoin in Peru Using Fluyez
The process of selling Bitcoin is similar across most exchanges. Below is a general guide using Fluyez as an example.
Step 1: Log Into the Platform
Access your account using your login credentials. Click on the “Swap” or “Trade” option to begin selling your Bitcoin. Ensure you have completed registration and verification beforehand.
Step 2: Execute the Trade
Select the amount of Bitcoin you wish to sell and choose your desired output currency (e.g., PEN or USD). Confirm the transaction.
Once the trade is complete, you can withdraw the funds to your bank account. Transfers typically take less than 24 hours.
Bitcoin ATMs in Lima, Peru
Bitcoin ATMs offer a convenient way to buy and sell cryptocurrency in person. Lima currently hosts three such machines.
Transactions usually require ID verification and QR code scanning. Fees range from 3% to 10%.
- La Tiendita de Nakamoto: Galería del Cine Romeo Calle Porta 115, Tienda 8, Miraflores. Supports buying and selling BTC for PEN and USD.
- Crypto Market: Avenida Alfredo Benavides 5487, Lima. Only supports Bitcoin purchases. No verification needed for transactions between PEN 100–10,000 or USD 20–3,000.
- Case & Covers: Avenida Garcilaso de la Vega 1358, Lima. Only supports Bitcoin purchases with the same limits as Crypto Market.
Bitcoin Cards and Kiosks in Peru
While Bitcoin debit cards are not yet widely available in Peru, international options such as Binance Card, Uphold, and Bit2Me can be used by travelers or those with international shipping access. Companies like SpectroCoin and CryptoBuyer also serve the Latin American market.
Buying and Selling Bitcoin via Social Media in Peru
Some traders use social media platforms like Telegram, WhatsApp, and Facebook to buy and sell Bitcoin. However, this method carries significant risks due to the lack of oversight and prevalence of scams.
Examples of Telegram groups include:
- “Venta de bitcoin en Perú” (35 members, recent activity)
- “Perú Bitcoin” (19,000+ subscribers, but mostly spam)
Exercise extreme caution when trading in social media groups. Always verify the legitimacy of the other party and use escrow services when possible.
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Frequently Asked Questions
What is the best platform to sell Bitcoin in Peru?
LocalBitcoins and Paxful are among the most popular P2P platforms due to their high liquidity and user-friendly interfaces. Fluyez is also a reliable option for direct bank withdrawals.
Are Bitcoin transactions legal in Peru?
Yes, buying and selling Bitcoin is legal in Peru. However, cryptocurrencies are not considered legal tender and are not regulated by the central bank.
What documents do I need to sell Bitcoin?
Most regulated platforms require ID verification. Bitcoin ATMs may allow smaller transactions without verification, but larger trades will require a valid ID.
How long does it take to withdraw money to a bank account?
Withdrawals usually take less than 24 hours on most exchanges, though processing times can vary depending on the platform and bank.
Can I sell Bitcoin for cash in person?
Yes, through P2P platforms or Bitcoin ATMs. Always meet in safe public locations and take precautions to avoid fraud.
What fees can I expect when selling Bitcoin?
Fees vary by platform. P2P sites often charge around 1%, while ATMs may charge between 3% and 10% per transaction.