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When you hear the name Negocie Coins, you probably picture a Brazilian platform promising easy BRLâtoâcrypto trades. The promise sounded great, but the reality turned out to be a mixed bag of convenience, limited options, and eventually a redâflag shutdown. This review unpacks what the exchange offered, how it measured up against rivals, and why itâs now considered a scam.
Key Takeaways
- Negocie Coins only supported four cryptocurrencies - Bitcoin, Litecoin, Bitcoin Cash and Bitcoin Gold - all paired with the Brazilian Real (BRL).
- It offered a Basic tier for casual traders and a Premium tier that required a hefty BRL 30,000 or 50 BTC deposit.
- Security basics like 2FA and SSL were present, but lack of transparent volume data raised serious trust concerns.
- Competing Brazilian exchanges (e.g., NovaDAX, BitcoinTrade) offered more coins and clearer volume reporting.
- By December 2020 the platform went offline and was labeled a scam by multiple watchdogs; it is no longer usable.
What Is Negocie Coins?
Negocie Coins is a Brazilian cryptocurrency exchange founded by Grupo Bitcoin Banco (GBB) that allowed trading of four crypto assets against the Brazilian Real (BRL). The company was registered under CNPJ 20.692.244/0001â90 and operated from Curitiba, Brazil. Its core promise was to let Brazilians buy crypto without dealing with foreign exchanges or converting to USD/EUR first.
How the Platform Worked
When the exchange was live, the user experience revolved around simple BRL deposits and direct crypto purchases. The supported trading pairs were:
- BTC (Bitcoin) / BRL
- LTC (Litecoin) / BRL
- BCH (Bitcoin Cash) / BRL
- BTG (Bitcoin Gold) / BRL
There was no coinâtoâcoin trading and no support for Ethereum, stablecoins or other popular assets. Deposits could only be made in BRL via local bank transfers; crypto deposits were not accepted.
Two account tiers existed:
- Basic: Open to anyone with a standard KYC verification, but trading limits were relatively low (BRL 5,000 per day).
- Premium: Required either a BRL 30,000 cash deposit or 50 BTC. In return, users got higher daily limits (up to BRL 200,000) and priority support.
Security features included twoâfactor authentication (2FA) and SSL encryption for all web traffic. While these are baseline expectations, the exchange never published an external audit or proof of reserves.
Pros and Cons
| Aspect | Pros | Cons |
|---|---|---|
| Local Fiat Integration | Direct BRL deposits avoid conversion fees. | Only BRL accepted - no USD/EUR. |
| Supported Coins | Focus on four Bitcoinâfamily assets. | Missing major coins like ETH, USDT. |
| Account Types | Premium tier offers high limits. | High entry barrier for Premium. |
| Security | 2FA and SSL present. | Lack of transparency on reserves. |
| Liquidity | BTC/BRL pair reported decent depth. | No public volume data; redâflag for trust. |
How It Stacks Up Against Other Brazilian Exchanges
To see where Negocie Coins really stood, compare it with three of the most popular domestic platforms: NovaDAX, BitcoinTrade, and MercadoBitcoin. All three still operate in 2025 and provide broader coin selections.
| Exchange | Supported Coins | Fiat Options | 2FA | Public Volume Data | Status (2025) |
|---|---|---|---|---|---|
| Negocie Coins | 4 (BTC, LTC, BCH, BTG) | BRL only | Yes | No (absent from CoinMarketCap/Coingecko) | Shut down - labeled scam |
| NovaDAX | ~25 (incl. ETH, USDT) | BRL, USD | Yes | Yes (visible on CoinMarketCap) | Active |
| BitcoinTrade | ~15 (incl. ETH) | BRL only | Yes | Yes (partial data) | Active |
| MercadoBitcoin | ~20 (incl. ETH, BNB) | BRL, USD, EUR | Yes | Yes (high volume) | Active |
The table makes it clear: Negocie Coins was a niche player with the narrowest offering. Its lack of transparent volume data is a major differentiator - all the competitors publish daily trade numbers, which helps users gauge liquidity and trust.
Red Flags and the Scam Designation
Several independent sources flagged serious concerns:
- CryptoWisser reported that as of March 30 2020 the exchange had no listed 24âhour volume on major aggregators, a "big red flag" for legitimacy.
- In December 2020 CryptoWisser updated its entry, stating the site was inaccessible and marking it as a scam.
- Revain.org posted a mixed review in July 2021, but the timing suggests it was referencing a legacy snapshot rather than an active service.
- User sentiment on platforms like Cryptogeek showed a 4.3/5 rating from only nine reviews - too small a sample to be reliable.
Combined, these signals point to poor transparency, possible liquidity shortfalls, and a rapid shutdown that left users scrambling.
Current Status - Can You Use Negocie Coins Today?
As of today (October 2025) the domain no longer resolves, and none of the major exchange ranking sites list it. The consensus among watchdogs is that the platform is defunct and was likely a fraud. If you still see any links promising âNegocie Coins loginâ, treat them as phishing attempts.
For Brazilian traders looking for a reliable BRLâcentric exchange, stick with active platforms that publish their trading volumes, hold thirdâparty security audits, and support a broader range of assets.
Tips for Choosing a Safe Crypto Exchange (General Guidance)
- Check public volume data. Exchanges listed on CoinMarketCap or Coingecko provide measurable liquidity.
- Look for regulatory compliance. In Brazil, the Central Bankâs Circular 3.922 sets standards for KYC and reporting - reputable exchanges quote their compliance.
- Security matters. Mandatory 2FA, coldâstorage of assets, and regular security audits are nonânegotiable.
- Asset variety. Even if you only need BTC, a platform that supports ETH, USDT, and stablecoins offers flexibility for future trades.
- Customer support. Quick response times and clear help centers reduce frustration when issues arise.
Apply these criteria and youâll avoid the pitfalls that plagued Negocie Coins.
Frequently Asked Questions
Is Negocie Coins still operating?
No. The platform went offline in late 2020 and has been labeled a scam by multiple monitoring sites. The domain is no longer reachable.
What cryptocurrencies could I trade on Negocie Coins?
Only four Bitcoinâfamily coins: Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH) and Bitcoin Gold (BTG), all paired with the Brazilian Real (BRL).
How did Negocie Coins handle security?
It offered twoâfactor authentication (2FA) and SSL encryption for the website. However, the exchange never published audit reports or proofâofâreserves, which raised trust issues.
Why was Negocie Coins labeled a scam?
Watchdogs like CryptoWisser noted the absence of any public trading volume data and the sudden loss of access to the site. Combined with an inability to verify asset holdings, the platform was flagged as a scam in December 2020.
What should Brazilian users look for in a replacement exchange?
Choose an exchange that supports multiple fiat options (BRL, USD), lists its 24âhour volume on reputable aggregators, provides clear KYC compliance with Brazilâs Central Bank guidelines, and offers a wide range of cryptocurrencies beyond just the Bitcoin family.
Comments
Manish Gupta
October 26, 2025 AT 09:48 AMNegocie Coins was an early attempt to localize crypto in Brazil, but its limited coin list and opaque volume data made it a risky choice đ. The platform's focus on Bitcoinâfamily assets meant many traders missed out on Ethereum and stablecoins, which were already booming.
Gabrielle Loeser
November 6, 2025 AT 21:00 PMWhile the review correctly highlights the platformâs shortcomings, it is also important to acknowledge the broader context of regulatory development in Brazil, which has gradually improved consumer protection standards.