Negocie Coins is a Brazilian cryptocurrency exchange founded in 2013 and owned by the Negociecoins Intermediação E Serviços Online Ltd. Its headquarters are situated in Curitiba, Parana (Brazil). Since the moment of its founding, the company is targeted almost exclusively for local market. It attracts users allowing them to trade popular cryptocurrencies against the local fiat currency called Brazilian Real (BRL). Other fiat currencies are not available. This feature reduces the platform’s attractiveness for users from other countries. The inability to trade cryptocurrencies vs cryptocurrencies is another distinctive feature of the service.
In spite of the above-mentioned disadvantages for foreigners, the ability to trade and withdraw funds using BRL has made Negocie Coins one of the most popular cryptocurrency exchanges in Brazil. Local residents can deposit and withdraw their funds using Brazilian bank transfers. The withdrawal fee is quite high: 0.9% + 8.90 BRL per withdrawal.
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