How to Trade Toncoin with Bank Transfer in Brazil: A Step-by-Step Guide (2023)

What Is Toncoin and Why Trade It in Brazil?

Toncoin (TON) is the native cryptocurrency of The Open Network, a high-speed blockchain known for its scalability and low fees. With Brazil’s growing crypto adoption and the popularity of bank transfers like PIX, trading Toncoin via local payment methods offers a fast, cost-effective way to enter the market. This guide explains how to buy/sell TON securely using Brazilian bank transfers.

Step 1: Choose a Cryptocurrency Exchange Supporting Toncoin and Bank Transfers

Select a platform that:

• Lists Toncoin (TON)
• Accepts BRL deposits via PIX, TED, or DOC
• Is regulated by the Brazilian Central Bank (e.g., Binance, Mercado Bitcoin, or Foxbit)

Step 2: Verify Your Account

Prepare these documents:

• CPF (Cadastro de Pessoas Físicas)
• Government-issued ID (RG or CNH)
• Proof of address (less than 90 days old)

Step 3: Deposit BRL via Bank Transfer

Follow these steps:

1. Navigate to the ‘Deposit BRL’ section on your exchange
2. Select ‘Bank Transfer’ and choose your bank
3. Enter the amount (minimum R$10–R$50 typically)
4. Confirm the transaction via your banking app

Step 4: Buy or Sell Toncoin

For buying TON:

• Go to the TON/BRL trading pair
• Choose ‘Market Order’ for instant purchase at current prices
• Enter the BRL amount you wish to spend

For selling TON:

• Select ‘Sell TON’ in your exchange wallet
• Input the amount to sell
• Withdraw BRL to your bank account

Step 5: Secure Your Toncoin

Move TON to a private wallet like Tonkeeper or Trust Wallet for long-term storage. Avoid leaving large amounts on exchanges.

Top 3 Tips for Safe Toncoin Trading in Brazil

1. Enable two-factor authentication (2FA) on your exchange account
2. Verify wallet addresses before transactions
3. Monitor tax obligations – report trades to Receita Federal

FAQ: Trading Toncoin with Bank Transfers in Brazil

Q: Is Toncoin legal in Brazil?
A: Yes – cryptocurrencies are legal but subject to capital gains tax.

Q: How long do bank transfers take?
A: PIX transfers are instant. TED/DOC take 1–2 business days.

Q: Are there transaction limits?
A: Exchanges often impose daily limits (e.g., R$10,000–R$100,000) based on account tier.

Q: Can I use credit cards instead?
A: Some exchanges allow credit card purchases, but fees are higher (3%–7%).

Q: What’s the best wallet for Toncoin?
A: Use official wallets like Tonkeeper or hardware wallets like Ledger for maximum security.