Cryptocurrencies on Mercado Pago – Discover the latest fintech news

THE Mercado Pago, one of the best fintechs today, has innovated once again, now it also offers the functionality of buying and selling cryptocurrencies in its App.

The new feature is not yet available to all users, but it is being released gradually, so it is important to stay informed.

So, be sure to read it and see how it works. cryptocurrencies on Mercado Pago.

What are cryptocurrencies?

Cryptocurrency is a virtual currency, despite its economic value, it was developed only to be used on the internet, or digitally.

Blockchain technology is what makes the magic happen. It is based on cryptography, which also guarantees security and agility in operations.

Among the main characteristics of cryptocurrencies, we can highlight first of all the security.

This is because there are no people involved in the transaction process with these currencies. Only mathematics and technology.

The second characteristic is that they are decentralized, that is, there is no absolute financial power that controls them, for example, the government.

In this case, the information is not saved on a central server, instead, it is shared by everyone, but is at the same time protected and transparent.

Finally, a big difference between cryptocurrencies and physical money is that they are volatile, that is, variable.

Its price can change suddenly, in fact, in a matter of seconds, up or down.

If you buy cryptocurrencies on Mercado Pago, you can monitor these variations in real time in the application.

Plus, you can check when they're worth more than you paid for them and sell them.

Some cryptocurrencies are designed to be less volatile than others, but whether this is advantageous is relative.

How do cryptocurrencies work on Mercado Pago?

There are currently three options cryptocurrencies on Mercado Pago: Bitcoin, Ethereum and USDP.

You can choose to invest in one of the three options, or even all three options.

Open your Mercado Pago app and click on the “Crypto” option. If this option is not yet available to you, don’t worry, it will be soon.

The app's new functionality is being gradually released to users.

When you click on the option mentioned above, you will see the three options and the percentage of each of them.

If you have already invested in an option, your cryptocurrency balance will appear. In addition, you can track your balance using this same icon.

As you check, you will notice that the values change every moment, that is, they go up and down.

Below this table there is the option to sell or buy more cryptocurrencies on Mercado Pago.

Therefore, if you want to perform any of these actions, click on the desired option, then on the cryptocurrency you want to buy or sell.

If you are going to buy, choose the desired amount, check how much you will pay and how much you will receive in cryptocurrencies (value at the time you made the transaction) and complete the operation.

Of course, you need to have a balance in your account for this investment, but you can buy it with just R$1.00.

Mercado Pago charges a fee of 2% on the purchase and sale of cryptocurrencies, certainly a small disadvantage to highlight.

Conclusion

We know that this type of investment has a certain risk, because, in the same way that the value increases, it can also fall, as a result, you can lose money.

Therefore, it is important to know the market to know how to invest and reduce risks.

If you are a beginner, buy cryptocurrencies on Mercado Pago It is a great option because it is simple, easy to execute, transparent and safe.

So, don't miss out on this new feature in Mercado Livre's digital wallet!

Contact: 0800 637 7246

 United Nations Avenue, No. 3,003, Bonfim, Osasco/SP – ZIP Code 06233-903

*Research Source: https://www.mercadopago.com.br/