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Where to Buy and Sell Bitcoin in Guatemala (2021)

In Guatemala, you have multiple options to buy and sell bitcoins using Guatemalan quetzales, dollars, and various payment methods. Residents and travelers alike have P2P exchanges, centralized exchanges, and even Bitcoin ATMs to tap into the emerging world of cryptocurrency financing.

Guatemala is the tenth largest economy in Latin America, the first in Central America and represents a third of the GDP of this region, with an average growth of 3.5% in the last five years.

However, it is a country with a certain level of social inequality that, like many others, has been affected by the economic crisis caused by the pandemic. This is exactly what prompted Unicef ​​to allocate funds in cryptocurrencies for projects that contribute to the fight against the corona virus in Latin American countries, including Guatemala.

In terms of the volume of cryptocurrency trading, Guatemala is a country that is taking the first steps. In accordance with Useful tulipsDuring 2021, between $20,000 and $65,000 in bitcoins were traded on P2P exchanges.

See where you can buy and sell bitcoin in Guatemala in this guide. Here you will find P2P exchanges and centralized trading exchanges that will open up a range of opportunities for your financial development.

P2P exchanges to buy and sell bitcoins in Guatemala

P2P exchanges provide you with a specific digital environment to buy or sell bitcoins directly with other people in Guatemala. These exchanges allow you to trade with a number of payment options, including bank transfers in Guatemalan quetzals, PayPal, Neteller, Zelle, Moneygram or Amazon gift cards. You just need to place an ad for your offer or search for the one that suits you best on the exchange you choose.

In Guatemala you will find P2P exchanges that offer different options to protect your cryptocurrencies. Those with custodial wallets will have relative control over the private keys. However, in some cases you have the option to create a wallet from scratch or connect external wallets that will give you access to different levels of security. Check out this CriptoNoticias article where you can analyze 5 P2P cryptocurrency exchanges and their security and privacy options.

Note that some of these exchanges allow operations with smart contracts or, what is the same, escrow.

LocalBitcoins

LocalBitcoins began operations in 2012, bringing together bitcoin traders in a P2P network that is present in 180 countries. Through this exchange, you can sell or buy bitcoin in Guatemala by looking for ads from other traders or by creating your own, as we explain in this CriptoNoticias guide. Here you have the option to exchange bitcoins for PayPal, Amazon gift cards, Guatemala Quetzal bank transfers, Moneygram and many other options.

LocalBitcoins mobile app is expected in 2021. Source: Localbitcoin

  • Cryptocurrencies and fiat currencies: BTC / GTQ.
  • Commissions: 1% of the amount traded in each buy or sell announcement / transfers between LocalBitcoins wallets no commissions / external wallet deposit 0.00015 BTC; Sending to external wallet 0.00005 BTC.
  • Trade Volume: Between $40,000 and $75,000 per week in 2021 (Useful tulips)
  • Mobile app: Expected in 2021.

Buy and sell bitcoin on Localbitcoins

LocalCryptos

LocalCryptos is a P2P exchange that was founded in 2017 under the name LocalEthereum and already enables business in more than 100 countries. Over time, it adopted cryptocurrencies to expand its offering.

With this exchange, you can create your own wallet from scratch or connect others such as Ledger, MetaMask or Trust, to log in without entering a password or username. You can also import your reputation from LocalBitcoins and Paxful. With this CriptoNoticias tutorial you can learn how to easily buy and sell bitcoin on LocalCryptos.

  • Cryptocurrencies and fiat currencies: BTC, ETH, LTC, DASH/GTQ.
  • Commissions: 0.25% to the person who publishes (maker) and 0.75% to the person who responds to the offer (taker).
  • Trade volume: 100 BTC and 6,000 ETH stored in LocalCryptos wallets (as of mid-2020).
  • Mobile app: None.

Buy and sell bitcoin on LocalCryptos

Paxful

Paxful is a P2P exchange with over 3 million cryptocurrency wallets registered on its platform. It started operating in 2015 as an alternative to other exchanges focused on person-to-person exchanges. On Paxful, you can buy or sell bitcoin in Guatemala through ads and offers that you can create yourself. This platform accepts numerous payment methods, such as PayPal balance, Amazon gift cards, Western Union, bank transfers in Guatemalan Quetzals and many other options.

Globally, Paxful exchanges USD 40 million every week. Fountain: paxful.com

Through this exchange they exchange 40 million dollars per week, globally, as of May 2020, according to CoinDance.

  • Cryptocurrencies and fiat currencies: BTC/GTQ.
  • Commissions: 0.5% for buying and selling with bank transfer. 1% for other methods.
  • Trade Volume: Between $700 and $2,000 per week in 2021 (Useful tulips)
  • Mobile app: click here for Android and here for iOS.

Buy and sell bitcoin on Paxful

Centralized exchanges to buy and sell BTC in Guatemala

Centralized Exchanges (CEX) are digital platforms where you can buy and sell bitcoin in Guatemala and performing financial operations with automated tools. On some exchanges, you can even use digital desks to measure different parameters of different cryptocurrency markets, getting what you need to trade like an expert. Check out the best exchanges for cryptocurrency trading in this CriptoNoticias guide.

With centralized exchanges, you’ll have options to invest, leverage, trade cryptocurrency credits on DeFi markets, or invest in bitcoin futures contracts. These platforms have custodial wallets (since they manage the private keys), but have the advantage of having more liquidity in their markets, due to currently higher trading volumes.

Abra

Abra is a cryptocurrency mobile app or wallet that has exchange features, allowing investment company InBestGo to integrate it into its platform. This partnership, which began in March 2020, allows you to make deposits using quetzales at two banks in Guatemala that are converted into balances in your Abra wallet. To perform any buying or selling bitcoins in guatemala With this multi-functional wallet, you first need to register on the Abra platform and then make a deposit to any of them bank accounts by InBestGo. It also supports wallet funding with Visa or Mastercard cards through Simplex.

Abra gives you access to hundreds of cryptocurrencies on your mobile phone. Fountain: abta.com

Learn how to use this all-in-one wallet, which doubles as an exchange, with this CriptoNotcias guide.

  • Cryptocurrencies and fiat currencies: BTC, ETH, LTC, BCH, XRP, +100 /GTQ.
  • Commissions: Between 2% and 5% for deposits with transfer or cards. Network commission must be added to payouts.
  • Trade volume: No public data.
  • Mobile app: click here for Android and here for iOS.

Buy and sell bitcoin with Abra

BITPoint Wide

BITPoint is an exchange of Japanese origin that started operations in Panama in 2018. In July 2019, the platform had its servers in Japan hacked, which meant the theft of 32 million USD in XRP at that time. In less than a week, more than 50,000 affected users received refunds for their losses.

In Panama, BITPoint allows you to buy cryptocurrencies through bank deposits in quetzals via bank local and leveraged trade. Also You can take advantage of their trading rates and weekly market reports. In addition, you have bilingual support through several channels.

BITPoint Latam is one of the few exchanges that allow buying quetzales in Guatemala. Source: BITPoint.

  • Cryptocurrencies and fiat currencies: BTC, ETH, XRP, LTC, BCH/GTQ.
  • Commissions: Deposits and withdrawals with cryptocurrencies 0.5%; fiat deposit USD 5 + 0.5%; fiat payouts USD10 + 1%; spot trading 0.99%; margin trade 0.15%.
  • Trade volume: no public data.
  • Mobile app: Japanese only.

Buy and sell bitcoin on BITPoint Latam

Binance

Binance is an exchange that appeared in 2017 and already gathers 36 million traders around the world. Here You will not be able to shop directly with Guatemalan Quetzals, but if you have dollar accounts or already have cryptocurrencies, you can switch to Binance to exchange for other cryptocurrencies and use their trading tools. You can do investing, margin trading, OTC operations, investing with loans, buying derivatives that you can learn to manage by following the explanations in this CriptoNoticias guide.

Binance exchange has a digital desktop to perform automated operations and minute-by-minute market analysis. It can descargar this tool on MAC and Windows operating systems (also in previous versions) Linux systems.

You can trade cryptocurrencies on Binance as an expert or a beginner. Source: Binance.

  • Cryptocurrencies and fiat currencies: BTC, ETH, LTC, BCH, XRP, +185/USD.
  • Commissions: There are 9 levels for trading. Free deposits and various commissions for other operations.
  • Trade volume: 1.6 million BTC / more than 92 billion USD, according to CoinMarketCap (global).
  • Mobile app: click here for Android, here for iOS and here for Android APK.

Buy and sell bitcoin on Binance

At first glance, social networks do not seem like the most options if you want to buy or sell bitcoin in Guatemala. However, through Facebook, Telegram or WhatsApp groups, you can arrange with another person to exchange cryptocurrencies, place offers or find someone selling what you want.

If you find the right deal, It is important to check your colleague’s reputation as soon as possible. or avoid offers that look suspicious. For example, those that offer large short-term earnings.

There is a group on Facebook called Bitcoin Guatemala which has almost 400 members where you can post offers or search for options to buy and sell bitcoins. We only found spam channels on Telegram, so we don’t recommend them for now. There are only private seller accounts on Instagram which would not be useful for posting your offers.

In any case, you can write to us through our email or network if you know of interesting groups or channels to buy or sell bitcoins in Guatemala.

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