From its beginnings, Bitcoin was thought of as a borderless cryptocurrency. A financial instrument that could be used by anyone anywhere in the world, without any type of discrimination. And now, when the massification of crypto assets advances by leaps and bounds, it seems that this goal is close to being met. For this reason, today we will talk about exchanges, and above all about Binance Argentina and how to invest in Bitcoin from the South American country.
Why the exchanges?
But first of all, let’s talk a little bit about exchanges and their role in Bitcoin’s expansion. Well, although it is not something generally recognized, exchanges are the backbone of the development of the crypto world. As it is the means through which citizens from all over the planet can acquire the cryptocurrencies of their choice, from any country simply with Internet access.
In this way, exchanges become the center of interaction between users and cryptocurrencies. Allowing their value to be determined through the dynamics between supply and demand. Reflecting not only the price of virtual currencies, but the value perceived by the community of the projects that they carry out.
Thus, in the case of cryptocurrencies such as Ethereum or Tron, whose Blockchains have essentially become tools for the development of smart contracts and decentralized applications. The price of the purchase-sale on the exchanges is a sign of the confidence that users have in the future of their technological capabilities.
Of course, this value-fixing process would be useless if it were not global. And, although a priori cryptocurrencies do not establish geographical criteria for their use. Without platforms like Binance, it would be very difficult for inhabitants in developing countries to acquire virtual currencies like Bitcoin. Participating in the interactions that shape the crypto market.
Invest in Bitcoin from Argentina
In this way, the importance of exchanges for the crypto world is twofold. Not only being spaces for interaction between buyers and sellers, which leads to pricing. But also the mechanism through which the inhabitants of any country in the world can participate in the crypto market.
And in the case of countries such as Argentina or Venezuela, this participation can become a matter of financial survival. Well, in nations where the controls exercised by governments can be suffocating. Cryptocurrencies like Bitcoin become an escape valve with which the inhabitants can protect their capital.
Thus, when facing double-digit inflation, as in the Argentine case. The purchase of Bitcoin has become a means for Argentines to save in a currency that is harder than the Argentine peso. And even as an additional source of income, for those inhabitants of the southern country who have the capacities and willingness to dedicate themselves to crypto asset trading.
Using Binance from Argentina
But of course, before you can save or make a profit with Bitcoin. Argentines must first acquire the cryptocurrency, and for this there is no better option than to use Binance. The world’s largest cryptocurrency exchange, which offers a platform for buying and selling virtual currencies like Bitcoin.
And it is that, unlike other cryptocurrency exchanges that only offer operations in the main currencies of the world. Binance has gone one step further, opening two alternatives for citizens of countries like Argentina to acquire their Bitcoin.
The first of them is a fiat money cryptocurrency purchase interface, through which Argentines will be able to directly acquire from Binance not only Bitcoin, but also other currencies such as BNB, Tether, Tron, Ethereum, among others. Paying for the purchase with your Visa or Mastercard debit or credit card, all in Argentine pesos.
On the other hand, there is also the option to acquire cryptocurrencies using Argentine pesos through Binance’s P2P (peer to peer) market. Where you will not buy your crypto assets from the exchange, but directly from other users who put them for sale in exchange for fiat money. Being able to buy Bitcoin, Tether, Binance USD, Binance Coin, Ethereum and EOS in this way.
Thus, thanks to the Binance platform, it is very easy for any inhabitant of Argentina to acquire Bitcoin using Argentine pesos. Just needing to register on the Binance page, complete the identity verification steps required by the exchange, and voila. You can start acquiring Bitcoins or other virtual currencies of your choice in just minutes.