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Under the motto of “promoting equitable financial access in Latin America,” El Dorado has introduced itself in the region to offer a dynamic and modern P2P marketplace that has gained traction among communities.
In addition to being an option to buy Bitcoin in Venezuela, the gateway also operates in Argentina, Panama, Peru and Colombia. However, data from SimilarWeb reviewed at the time of writing this note shows that 80% of its users are of Venezuelan origin.
In addition to being able to use El Dorado to buy Bitcoin in Venezuela, the platform allows you to purchase the stablecoins USDT and USDC. Among the options used to acquire and/or sell Bitcoin in Venezuela are the fintechs Zinli, PayPal, Revolut and Skrill, as well as bank transfers in the United States via Zelle. #venezuela #binance #Bitcoin #btc #USDT。
Beyond being one of the largest exchanges in the world in terms of volume, Binance also has an important space within the Venezuelan market. In fact,
To buy Bitcoin with bolivars, its P2P market started in 2020 by opening pairs with the local Venezuelan currency. At the time of writing, beyond BTC, it is possible to use bolivars to purchase the stablecoins USDT, DAI, and FDUSD, as well as the altcoins BNB, ETH, XRP, DOGE, and ADA.
Foreign exchanges and local platforms offer alternatives to acquire bitcoin and other cryptocurrencies in Venezuela
For Venezuelans, cryptocurrencies became an alternative to protect their assets from the inflation that the country has been going through for years. Until recently, Venezuela topped the Chainalysis list as one of the countries with the greatest adoption of cryptocurrencies, however there are still many people who have questions about where and how to buy Bitcoin or cryptocurrencies?
Venezuela, officially the Bolivarian Republic of Venezuela, is a federal state in northern South America. The country has built its economy on oil, as Venezuela has the largest oil reserves in the world. In terms of digital currencies, Venezuela was the first country to issue its own cryptocurrency. Its value depends directly on national oil reserves. The cryptocurrency, created to improve the country's weak economy, was issued against the decision of parliament. $USDC $BTC $BNB