×
Interested in our Partner Program for businesses or our Local Guide Program for experienced expats and digital nomads? Click here to learn more.
Expat Exchange
Free MembershipSign In

Trading Bitcoin in Argentina

4 years ago
I am considering taking a trip to Argentina, but I know I should talk to some expats first.

I was an expat in China for about eight years and that is where I got acquainted with Bitcoin because exchange rates and wire transfers are tightly limited and controlled.

Argentina is in a similar situation.

I understand that there is an official and unofficial exchange rate as demonstrated by sites like bluedollar

The exchange rates make it complicated for me to know if I should take a trip because the purpose would be business related. I am considering the feasibility of selling bitcoin directly, person to person, in exchange for ARS.

I did some reading on the forum and I can see that people have difficulty sending ARS by bank wire and traditional methods (the official exchange rates would kill your value)

There are Bitcoin exchanges serving Argentina, but there are strict and low limits on how much you can buy each month. The result is that the demand for Bitcoin is actually quite high and people will pay more for it in person if you allow larger purchases.

Then there's still the problem of converting ARS into something that I can convert back to USD. I see that Argentina is famous for agricultural exports, although I've never been an import/export business man. I would want to stick to something that's hassle free.

Perhaps you have some ideas or you can give me some feedback and let me know that what I'm considering is a terrible idea or not. Maybe you personally are in the market for some Bitcoin. I'm not working with really large amounts, just a few years of savings. I want to test the waters.

For anyone that has been struggling with moving money around, but thinks Bitcoin is too unstable, I recommend that you look into stablecoins like Tether (USDT), which are pegged directly to the US dollar at a one to one exchange rate.

William Russell
William Russell

AGS Worldwide Movers
AGS Worldwide Movers

AGS Worldwide Movers can move you to and from anywhere in the world.
Get Quote

AGS Worldwide MoversAGS Worldwide Movers

AGS Worldwide Movers can move you to and from anywhere in the world.
Get Quote

Living in Argentina GuideLiving in Argentina Guide

Expats in Argentina share tips for living in Argentina - from advice about inflation, employment contracts, finding a home and more.

Argentina Forum Argentina Forum
Join our Argentina forum to meet other expats and talk about living in Argentina.

Contribute to Argentina Network Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Argentina.

Best Places to Live in Argentina Best Places to Live in Argentina

If you're dreaming about living in Argentina, here are the 15 Best Places to Live in Argentina in 2023.

Expat Healthcare Advice in Argentina120 Expats Talk about Healthcare & Health Insurance in Argentina

Expats living in Argentina talk about their own experiences with healthcare, hospital visits, emergencies, finding a doctor, buying health insurance in Argentina and more.

Cost of Living in ArgentinaCost of Living in Argentina

Expats offer insight into the cost of living in Argentina.

Moving to ArgentinaMoving to Argentina Guide

Our guide to moving to Argentina with lots of advice from expats on the ground.

Real Estate in ArgentinaReal Estate in Argentina

Real estate listings in popular cities and towns in Argentina.

Pros Cons of Living in ArgentinaPros & Cons of Living in Argentina

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Argentina.

Retiring in ArgentinaRetiring in Argentina

Advice for people retiring in Argentina.

10 Tips for Living in Argentina10 Tips for Living in Argentina

If you've recently arrived in Argentina, here are 10 tips for digital nomads living in Argentina.

AGS Worldwide Movers
AGS Worldwide Movers

AGS Worldwide Movers can move you to and from anywhere in the world.
Get Quote

AGS Worldwide MoversAGS Worldwide Movers

AGS Worldwide Movers can move you to and from anywhere in the world.
Get Quote

Contribute to Argentina Network Contribute
Help others in Argentina by answering questions about the challenges and adventures of living in Argentina.

William Russell
William Russell

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal Partners & Local Guides