Braziliex Crypto Exchange Review: Why It’s No Longer Operational

Don’t use Braziliex - it’s offline and has been for years

If you’re searching for a Brazilian crypto exchange that lets you trade Bitcoin or Ethereum with BRL, you might have come across Braziliex. But here’s the hard truth: Braziliex is not just struggling - it’s completely inactive. As of early 2025, every major crypto data source, including Cryptowisser and CryptoCompare, lists it as shut down. No deposits. No withdrawals. No customer support. Just a dead website.

What Braziliex actually offered (when it was alive)

Braziliex launched with a simple goal: let Brazilians trade crypto using their local currency, the Real (BRL). It wasn’t trying to compete with Binance or Mercado Bitcoin. It was aiming to be a small, local option. But even at its peak, it had serious flaws.

Its trading fee was 0.50% for both buyers and sellers. That’s more than double what top exchanges charge today. Binance, Bybit, and Mercado Bitcoin all run at 0.1% to 0.25%. On a $1,000 trade, you’d pay $5 in fees on Braziliex - compared to just $1 or $2 elsewhere.

Withdrawals were even worse. To send Bitcoin out, you paid 0.00102961 BTC per transaction. In 2021, that was about 60% higher than the global average. For someone moving small amounts, that fee could eat up half your profit.

And you couldn’t deposit with Pix - Brazil’s instant, free, and wildly popular payment system used by nearly every adult. Braziliex only accepted bank wire transfers. That meant deposits took days, not seconds. Meanwhile, Mercado Bitcoin and Bybit let users deposit BRL in under 10 seconds using Pix, credit cards, or debit cards.

Why Braziliex failed in Brazil’s booming crypto market

Brazil’s crypto market exploded between 2020 and 2025. By 2025, 34% of Brazilian adults owned crypto - up from just 12% in 2020. The market value hit $500 billion. But only a handful of exchanges survived.

Braziliex didn’t adapt. It didn’t build a mobile app. It didn’t offer Portuguese-language support. It didn’t integrate with Pix. It didn’t even bother with two-factor authentication beyond the bare minimum.

Meanwhile, competitors like Mercado Bitcoin and Binance invested heavily. They hired local teams. They trained customer support staff in Brazilian Portuguese. They added educational content about Brazil’s CVM regulations. They built APIs so traders could automate strategies. They got registered with Brazil’s Securities and Exchange Commission (CVM) - something Braziliex never did.

By 2023, the top five exchanges - Bybit, Binance, Mercado Bitcoin, OKX, and Gate.io - controlled over 85% of Brazil’s trading volume. Braziliex didn’t even make the top 10. It vanished quietly.

No user reviews. No community. No trace

Want to know what users thought of Braziliex? You can’t. There are only two Trustpilot reviews - one dated October 1, 2025. That’s in the future. It’s clearly fake or auto-generated data. No real users left feedback.

Search Reddit, Bitcointalk, or Brazilian crypto forums like CryptoBrasil. Nothing. No threads. No complaints. No praise. Just silence. That’s not because users loved it. It’s because almost no one used it.

Compare that to Mercado Bitcoin, which has over 15,000 reviews across platforms. Or Binance, where Brazilians post daily about deposits, withdrawals, and new coin listings. Braziliex had no presence. No buzz. No life.

Regulatory pressure killed small players

Brazil’s CVM started cracking down on unregistered exchanges in 2022. Provisional Measure 1,085/2021 required all platforms to follow strict KYC and AML rules. That meant verifying identities, reporting suspicious activity, and keeping detailed records.

Big exchanges like Binance and Bybit spent millions to comply. Small ones like Braziliex didn’t have the money or team. They either shut down or got forced out.

Today, if you try to sign up for a new crypto exchange in Brazil, the CVM website lists only registered platforms. Braziliex isn’t there. Not even as a former licensee. It’s gone.

What to use instead of Braziliex

If you’re in Brazil and want to trade crypto with BRL, here are your real options:

• Mercado Bitcoin - Brazil’s oldest and most trusted local exchange. Full Pix support, 24/7 Portuguese support, and CVM-registered.
• Bybit - Offers 1,700+ coins, 0.1% trading fees, and instant BRL deposits via Pix and cards.
• Binance - Global giant with a dedicated Brazilian interface, low fees, and P2P trading in BRL.
• Bitso - Strong in Latin America, supports BRL, and has excellent mobile apps.

All of these platforms have mobile apps, real customer service, and active communities. None of them charge 0.50% fees. None of them block Pix.

Final verdict: Avoid Braziliex completely

Braziliex was never a strong player. It had high fees, no modern features, and no plan to grow. By 2022, it was already irrelevant. By 2025, it was officially dead.

There’s no reason to check its website. There’s no reason to try to contact support. There’s no reason to hope it’ll come back. The Brazilian crypto market is growing fast - but it’s not waiting for failed startups.

If you’re looking to buy Bitcoin, Ethereum, or any stablecoin with BRL, pick one of the active, regulated exchanges. Your money - and your peace of mind - will thank you.