IMG FROMThe diversity of Bitcoin's quotation in many countries is incredible. It is sometimes can be very advantageous for some people these types of international transactions. Not only is it very advantageous for us Brazilians to get Bitcoin out of Brazil and bring them here and sell it here as it can be very advantageous for you that usually make your conversion between Dollar / Real (BRL) when you decide to visit this country.
Let's see a simple example, only comparing prices, excluding taxes.
Let's start with the quote Bitcoin / USD and Bitcoin / BRL.
- 1 Bitcoin / USD - $ 4134.22 (According to the CoinmarketCap website)
- 1 Bitcoin / BRL - R $ 15870.03 (According to the exchange FoxBit from Brazil)
Now the most interesting for you that has Dollars and want to travel to Brazil, but for some reason does the conversion directly by Dollar / BRL and not by Dollar / Bitcoin and then Bitcoin / BRL. Let's see how much of BRL you could get converting through the dollars that would cost in 1 bitcoin.
- 1 Dollar / BRL - R $ 3.09 (According to the Dolarhoje website)
- $ 4134.22 x R $ 3.09 = R $ 12.774.73
So, you would not make a profit of about R$ 3,076.00 if you convert directly to the USD / BRL pair. That is, if you want to come to Brazil, it is much more advantageous to buy Bitcoin, sell them in a Brazilian exchange and enjoy its greater purchasing power.
It is important to say that the post I made does not consider taxes, the different types of quotation especially related to the USD / BRL pair, so the final value may vary.
It is also important to say that it would be necessary to have an account in a Brazilian exchange to transfer the Bitcoins and to sell them to BRL and to have a current account in some bank in Brazilian territory, but there are many different options for such a transaction.