Top 7 Best Crypto Exchanges to Buy Bitcoin in Uruguay for 2025

Our panel of crypto analysts, experts, and traders periodically test 50+ leading exchange services in order to find the best crypto exchange in Uruguay.
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Updated on Jun 4, 2024
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To create this list our expert panel performs a series of tests to identify the strengths and weaknesses of the best cryptocurrency exchanges. The tests include creating an account, placing trades, and transferring money to a secure crypto wallet.

We then research the specific needs of Uruguayan users, such as which payment methods are available, which currencies you can deposit, and the trading fees for buying Bitcoin in Uruguay, and surveyed those users to find out what they think about each service.

Each expert assigns a score, which is combined with the results of the further research to create a final ranking in order to answer the question: what are the best crypto exchanges in Uruguay for Uruguayan users? 

Learn more about our panel and how we rate and review platforms. Or read on to find out what is the best Uruguay crypto exchange.

What is the best crypto exchange Uruguay in 2025?

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Our expert rankings reveal that eToro is the best cryptocurrency exchange in Uruguay.

The list below shows the three best Uruguay crypto exchanges that excelled in our tests, by combining low transaction fees, high security, and ease of use.

We found 26 crypto platforms for users based in

eToro review
4.6
eToro
Min. Deposit $100
Fees 1%
No. assets 50+
Demo account Yes

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Kraken review
4.0
Kraken
Min. Deposit $10
Fees 0.10% – 0.26%
No. assets 200+
Demo account Yes

Kraken review

Kraken review
4.0
Kraken
Min. Deposit $10
Fees 0.10% – 0.26%
No. assets 200+
Demo account Yes

Kraken review

Top 7 best Uruguay based crypto exchanges & apps, reviewed

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We found 26 crypto platforms for users based in

1. eToro. Best for beginners, copy-trading & demo-account

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4.5
Ratings

$100

Min. deposit

0% commission

Fees

50

No. assets

Yes

Demo account

Overview

We love eToro because it’s a trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of more than 5,500 stocks, ETFs, and crypto tokens, includes big names like Apple, Tesla, and Bitcoin, as well as smaller companies or tokens with high growth potential. You can start trading with as little as $10 using fractional shares if you’re on a tight budget.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. This is a great way to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across stocks, crypto, and options trading markets.

Highlights

Fees & Costs

Pros & Cons

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2. Kraken: Best for simple, global cryptocurrency trading from your phone

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4
Ratings

$10

Min. deposit

0.10% – 0.26% (volume dependent)

Fees

200

No. assets

Yes

Demo account

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around. 

With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available. 

Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go. 

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

Fees & Costs

Pros & Cons

3. Uphold. Best for building long term wealth

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4
Ratings

$1

Min. deposit

$0

Fees

300

No. assets

Yes

Demo account

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies. 

Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention. 

Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies. 

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

Fees & Costs

Pros & Cons

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

4. AvaTrade. Best regulated broker for secure trading

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Avatrade_logo
4
Ratings

$100

Min. deposit

From 0.13%

Fees

500

No. assets

Yes

Demo account

Overview

We love AvaTrade because it is a reliable CFD broker, that gives users access to a wide range of markets. As a CFD broker, AvaTrade lets you speculate on the price movements of various crypto markets without owning the underlying assets. AvaTrade is a multi asset brokerage firm and includes CFDs on many of the biggest cryptos including Bitcoin, Ethereum, Dogecoin, and more. 

AvaTrade is also highly regarded for its strong regulatory framework and commitment to security. AvaTrade is regulated in multiple jurisdictions, including Europe, Australia, Japan, South Africa, and the British Virgin Islands, which means it must adhere to stringent regulatory standards across the world. 

AvaTrade isn’t just well regulated, it also employs advanced security measures to protect client funds and personal information, including segregated accounts and robust encryption technology. 

The fees: There is no commission on any trading. AvaTrade makes money from the Bid/Ask spread instead. Crypto spreads start from 0.13%. Positions left overnight are charged a swap fee that varies depending on size. An inactivity fee of £/€/$50 per month is applicable if you don’t log in to your account for three consecutive months.

Highlights

Fees & Costs

Pros & Cons

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

5. KuCoin. Best social trading altcoin exchange

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4
Ratings

$-

Min. deposit

Fees

No. assets

No

Demo account

Overview

We love KuCoin because it’s a great place for beginners to trade more than 700 altcoins. Kucoin offers a vast range of cryptocurrencies including all the big names like Bitcoin and Ethereum, together with hundreds of altcoins and newly released tokens. 

The exchange gives you multiple ways to trade and invest in crypto, including spot trading, futures trading, margin trading, and staking. This choice allows you to choose the method that best suits your trading strategies and risk tolerance. 

Kucoin is a top platform for both beginners and experienced traders. Its intuitive interface is easy to get to grips with and its advanced trading features mean even high volume traders can make use of it. Kucoin also offers an earn feature, where you can generate passive income through staking and lending, making it one of the best all round crypto exchanges. 

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

Pros & Cons

6. Vantage FX: Trade 1,000+ CFDs with a top-tier broker

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Vantagemarkets_logo
4
Ratings

$50

Min. deposit

Fees

1,000

No. assets

Yes

Demo account

Overview

We love Vantage because you can trade thousands of CFDs across all the major asset classes, with a broker that’s safe, secure, and well-respected across the industry.

You can link your Vantage account to MT4 or MT5 and start trading with all the power of that software behind you. And it’s a great broker for beginners, with copy trading features and a free demo account available.

Highlights

Fees & Costs

Pros & Cons

7. FP Markets. Best for low spread & 0-pip trading

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fp markets logo
4
Ratings

$-

Min. deposit

Fees

No. assets

No

Demo account

Overview

We love FP Markets because it uses cutting-edge technology to ensure all crypto trades are executed at lightning fast speed. It’s an award-winning broker and offers 11 CFDs on digital assets, including Bitcoin, Ethereum, and Dogecoin. All of its crypto CFDs are traded against the USD. 

FP Markets has zero restrictions and allows all trading styles, including scalping and running expert advisors. It integrates with the popular MetaTrader 4 platform and has its own technology-driven charting package. For beginners, FP Markets offers a free copy trading service where you can mirror profitable users’ trades directly in your own account. 

The fees:  FP Market makes its money from the Bid/Ask spread and charges zero commissions for any crypto CFD trades. Its spreads are variable however the average for BTC/USD is 10.1089.

Highlights

Pros & Cons

CFDs are derivatives and can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading CFDs you do not own or have any rights to the CFDs underlying assets.

What do I need to buy Bitcoin in Uruguay?

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As long as you have a phone or an internet connection you can invest in Bitcoins in Uruguay. However, to make your experience as quick and seamless as possible, these are the things you need to get started.

  • A crypto exchange account. Choose a crypto exchange and set up an account in advance. Then you’re primed to invest in Bitcoin when the price reaches a level you’re happy with.
  • A way to pay. Many people in Uruguay buy Bitcoin with a bank account or card payment. You can also buy crypto with PayPal or another e-wallet. Make sure you have the details of the account you want to use, whether that’s your credit card, PayPal, or a different service.
  • Copy of your photo ID. You usually have to provide ID when you’re buying Bitcoin in Uruguay. Uruguayan crypto brokers ask for ID verification in order to comply with KYC (Know Your Customer) regulations, which are in place to prevent fraud. 
  • A personal crypto wallet (optional). Once you’ve purchased your Bitcoin, you can choose to either leave it on the exchange or move it to a personal crypto wallet for extra security. To save time, set up a wallet on a popular wallet like MetaMask in advance.

It is possible to buy cryptocurrency in Uruguay without providing ID through a P2P exchange, but these are a bit less secure and more challenging to use, so we suggest only experienced crypto investors go down this path. Most people, on most exchanges, need to provide some form of ID.

How to buy crypto on the best Bitcoin broker in Uruguay

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Follow this short guide to learn how to buy Bitcoin in Uruguay. This method is simple, and is the same process whether you want to buy and sell Bitcoin, or whether you prefer to trade crypto instead. 

Step 1. Sign up to eToro

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We recommend eToro as the best crypto exchange in Uruguay for Uruguayan users.

Step 2. Create an account

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You need to supply some personal contact details, such as your name and email address, in order to set up an account. Many Uruguayan crypto exchanges require a form of photo ID as verification before you can use your account to buy cryptocurrency in Uruguay.

Step 3. Deposit funds in your chosen currency

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Go to the bank or deposit section of your crypto trading platform account. Here, you can enter the amount you wish to deposit, choose your preferred payment method, such as a bank account, credit or debit cards, and transfer the money you want to use to buy crypto onto the exchange.

Step 4. Search your favourite crypto

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You purchase Bitcoin and other cryptocurrencies by first typing the coin name or symbol into the search box. For example, to buy crypto online, search for the symbol, BTC. Then you enter the details of the trade. 

Step 5. Buy cryptocurrency in Uruguay

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Finally, to buy Bitcoin or any other crypto asset, hit the ‘buy’ or ‘trade’ button. Fill in how much cryptocurrency you want to buy, and execute the trade.

 

Step 6. Transfer your cryptocurrency to a crypto wallet (optional)

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Your crypto assets will show up in your exchange wallet once the trade goes through. You can leave them there, or you can move them to a dedicated crypto wallet. 

With a wallet, you have more control over your money, but it’s a bit more inconvenient if you plan on trading regularly. You can learn more about how to find the best Bitcoin wallet in Uruguay below.

What is the best Bitcoin wallet in Uruguay?

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Wallets are private and unregulated, so they are available everywhere, to everyone, rather than being restricted according to where you live. MetaMask and Trust Wallet are a couple of the best crypto wallets and they are available all over the world. 

However, there’s a trend towards crypto services operating as all-in-one platforms, where you can use one account that acts as both your exchange and wallet. The best option for most beginners is to sign up for a service like Binance or OKX, where you can buy crypto on the exchange and then store it on the same platform.

How to choose the best Uruguay crypto app

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Choosing where to buy Bitcoin in Uruguay is important, and the right Uruguayan crypto platform can save you a lot of time, stress, and money. Things like the exchange fees, storage facilities, and range of altcoins available should all impact your choice.

Here’s some advice on how to find the best way to buy crypto in Uruguay.

1. How much does the exchange charge to trade?

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There can be a big difference in the trading fees charged by each Uruguay based crypto exchange. While all exchanges generally offer low cost cryptocurrency trading, what they charge may vary widely. Taking the time to compare them can save you money. Below is a summary of the different types of fees crypto exchanges in Uruguay charge.

Fee eToro fees Kraken fees Finansero fees
Trading fees Yes, on certain assets Yes Yes
Inactivity fees Yes No Yes
Rollover/overnight fees Yes, on CFDs No Yes
Withdrawal fees Yes No No
Spreads Yes, on certain assets Yes Yes
Conversion fees Yes, for non-USD currencies Yes Yes
View more > eToro > Kraken > Finansero >

Trading fees are usually charged as a percentage of the trade. The best crypto exchange in Uruguay with low fees will charge 1% or less of the trade amount. Some services charge a lot higher. Here’s a look at the specific trading fees each of the top Uruguayan crypto trading platforms charge.

Asset eToro fees Kraken fees Finansero fees
Crypto 1% 0.10% – 0.26% (volume dependent) Spread only
Commodities From 2 pips Spread only
Forex From 1 pip
Index prices From 0.75 pts Spread only
Stocks 0% commission Spread only
Stock CFDs 0.15%
ETF CFDs 0.15%
View more > eToro > Kraken > Finansero >

You may also have to pay deposit and withdrawal fees. You rarely have to pay for depositing fiat currency via a bank account or credit or debit card, but you may be charged a flat withdrawal fee. There’s often a significant charge for withdrawals made in digital currency.

2. How does the exchange store customer funds?

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Crypto exchanges are available widely, but the important question is whether they are regulated in Uruguay. The Central Bank of Uruguay (BCU) is the financial body that decides whether crypto exchanges in Uruguay have a license to operate, and decides what type of crypto assets are permitted in Uruguay.

It’s the regulation that provides protection in the event that something happens to the exchange and you lose the money you hold on there. Crypto regulation varies around the world, and in many cases crypto platforms are based outside of Uruguay and licensed to operate internationally by their local regulator. Here are the top Uruguayan crypto exchanges and the financial bodies that regulate them around the world.

Region eToro regulators Kraken regulators Finansero regulators
Africa
Asia FSA
Australasia ASIC AUSTRAC
Europe FCA, CySEC FCA, MiFID II CySEC
International
North America FinCEN FinCEN, FINTRAC
South America
View more > eToro > Kraken > Finansero >

In addition to the regulation, you want to pick a reputable exchange that stores its customers’ funds safely. The best Bitcoin exchanges in Uruguay should store your funds in segregated accounts and, ideally, in cold storage (offline). Choosing a Uruguay crypto exchange that has been audited by a reputable accountancy firm can give you extra peace of mind.

3. Is the platform easy to use?

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A good user experience means more than being able to navigate around the website with ease. Think about how you plan to trade: are you going to trade from your phone? How are you going to manage your crypto portfolio? Are you after particular analysis tools, charts, or software integrations?

For new users, the focus should be on educational tools, like a demo account, trading tutorials, and walkthrough guides. Here’s a comparison of the resources available from each top Uruguayan exchange.

Educational resource eToro resources Kraken resources Finansero resources
Demo/virtual account Yes Yes No
Video tutorials/webinars Yes Yes Yes
Walkthrough guides Yes Yes Yes
Copy trading Yes No No
Trading academy Yes Yes Yes
View more > eToro > Kraken > Finansero >

For more advanced crypto investors, your focus might be on the additional trading tools on offer. These tools can be things like adjustable charts that you can use to track specific technical indicators or identify patterns, or it might be more analysis based, making it easier to assess the state of the crypto market as a whole.

Trading tool eToro tools Kraken tools Finansero tools
Charts Yes Yes Yes
News feeds Yes Yes No
Analyst recommendations Yes No Yes
Fundamental analysis No No Yes
Financial calendar Yes No No
MetaTrader integration No No No
View more > eToro > Kraken > Finansero >

Armed with that information you can start to narrow down your shortlist by considering if the exchange suits you. For instance, if you plan to do a lot of trading on the go, then you should focus on the platform that offers the best crypto app in Uruguay.

4. What is the account verification process?

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When you create an account, you’ll often be asked to supply some personal details and a form of ID to verify your identity. It’s normally a prerequisite for any crypto exchange to be regulated in Uruguay.

It’s a good idea to check what the verification process is before you sign up. That way, you can have the relevant documents to hand to create a seamless sign up process. Or, if you want to avoid supplying personal details, you can filter out the crypto exchanges in Uruguay that demand verification in order to use them.

5. How many cryptocurrencies are available?

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You can buy Bitcoin in Uruguay through any cryptocurrency exchange, but beyond that the number of available coins can vary. If you want to trade altcoins, look for a Uruguay crypto exchange that offers a large number of coins and ‘crosses’, where you can swap from one crypto to another. 

6. Which currencies can you deposit?

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For most people, a crypto exchange in Uruguay is a means to transfer local fiat currencies into cryptocurrency. However, lots of crypto exchanges in Uruguay only accept US dollar deposits, which can be an issue if that is not your primary currency.

If you don’t have access to US Dollars, then it might be best to choose a large exchange like Binance or a local exchange that’s specifically designed for crypto traders in Uruguay. 

7. Which payment methods are accepted?

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Decide how you want to pay for your crypto. If you want to fund an account with the best Uruguay crypto exchange using bank transfers or debit card payments, then most Uruguayan crypto exchanges accept deposits from bank accounts and you don’t need to worry.

A cryptocurrency exchange in Uruguay is less likely to accept alternative payment methods, like PayPal and other e-wallet services. The larger ones, such as Binance, do accept a wide variety of payment methods, but it’s still a good idea to check whether you can pay how you want before signing up.

8. Does it offer additional features, like staking or lending?

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Think about what you might want to use the exchange for and use that to influence your decision. Do you want to store or stake your coins? Lend them to earn interest, or borrow crypto yourself?

You can buy crypto in Uruguay through any Uruguay based crypto exchange that’s regulated, but not all platforms offer all these services. You may be happy to juggle multiple logins and use different exchanges, but it’s normally easier to use one service, at least to start with.

9. What’s the customer service like?

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One final point to consider is how the exchange deals with its customers and how well it responds to any queries you may have. One way to judge this is by assessing how easy it is to contact them. An extensive help centre or FAQ section is useful, but you should also consider whether there’s a live chat feature or another convenient way to speak to customer support, such as WhatsApp or Telegram.

Support type eToro customer support Kraken customer support Finansero customer support
Help Centre/FAQs Yes Yes Yes
Email Yes Yes Yes
Live chat Yes Yes Yes
WhatsApp Platinum, Platinum+, and Diamond members only No No
Telephone No No No
View more > eToro > Kraken > Finansero >

Another way to judge how well an exchange treats its customers is to read what those customers have to say about them. There are many third-party review platforms where regular users can rate the service. Use their feedback to help you judge whether a Uruguayan crypto exchange is for you.

Review source eToro rating Kraken rating Finansero rating
Trustpilot 4.4 1.5 4.3
Google Play Store 4.1 4.4 4
App Store 3.8 4.7 5
View more > eToro > Kraken > Finansero >

What type of Uruguayan crypto exchanges are there?

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Most crypto investors use a centralised, global exchange, like Binance or Coinbase. But cryptocurrency exchanges in Uruguay come in different forms. Here is a breakdown of the most common types:

  • Centralised. In a centralised exchange, there is an authority – in this case a company – that operates the service. You create an account and deposit money, and the funds are held by the entity in the middle. When you make trades, they go through the central authority. The biggest crypto exchange, Binance, is an example of this type of platform.
  • Decentralised. On decentralised exchanges there is no central authority. Instead, buyers and sellers deal with each other directly, and the crypto trading platforms are just the mechanism for connecting them. You can’t create an account, the crypto is sent from one wallet to another when a transaction takes place
  • Peer-to-peer (P2P). A peer-to-peer exchange operates like a decentralised exchange, but there’s still a central body that acts as the intermediary. Each side in a transaction makes the payment, and the central body releases the funds as soon as both sides have sent money.

Can I buy traditional financial assets on a crypto exchange in Uruguay?

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On some platforms you can, but a better option is to sign up for a dedicated service that offers the specific assets you want to trade. The best trading platforms in Uruguay allow you to buy and sell stocks, while the best forex brokers in Uruguay is best for currency trading. The best forex brokers in Uruguay offer a mixture of all these assets.

Which crypto exchange in Uruguay has the best user reviews?

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We surveyed our Uruguayan users to find out which crypto exchange provided the best service to everyday people, just like you. Below we’ve summarised their findings, with each exchange ranked out of five.

Review source eToro rating Kraken rating Finansero rating
Trustpilot 4.4 1.5 4.3
Google Play Store 4.1 4.4 4
App Store 3.8 4.7 5
View more > eToro > Kraken > Finansero >

To summarise

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To invest in cryptocurrency in Uruguay, whether that’s Bitcoin, Ethereum, or something else, you need to sign up to a crypto exchange or app. Preferably one that’s regulated in Uruguay by the Central Bank of Uruguay (BCU), so that your funds are protected online.

This guide explains how to buy cryptocurrency in Uruguay using a top crypto exchange in a simple, straightforward way. You can invest in Bitcoin as a means to find a long term store of value or short term speculation. Consider which approach you want to take when choosing the best app to purchase Bitcoin in Uruguay, then choose a low-cost, intuitive platform to start your crypto journey.

FAQs

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01

Is cryptocurrency legal in Uruguay?

02

Can I buy Bitcoin in Uruguay?

03

Is it safe to buy Bitcoin in Uruguay?

04

What is the best Uruguay crypto app to buy Bitcoin?

05

What’s the best crypto broker for beginners in Uruguay?

06

What’s the cheapest crypto exchange with the lowest fees in Uruguay?

07

What’s the safest crypto exchange in Uruguay?

08

Which Bitcoin wallet is best in Uruguay?


Sources & references

James Knight

James Knight

Editor of Education

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...