Buy and Sell ETH in Venezuela

1. Check the list of ads

See below for the list of offers in Venezuela. You can filter the list by payment method and location.

The most popular payment method in Venezuela is a bank transfer via popular banks including Banesco, Mercantil, Movil or BDV.

You can find a wider range of traders by using an international payment method such as Skrill or PayPal.

2. Choose an ad to buy or sell ETH

Pick an ad from the list, enter the amount you want to trade (in ETH or Bs.S), then write a short message to the trader. Once you click “Open Trade”, the ETH/VES exchange rate is locked in.

3. Begin the transaction

After the ETH is sent by the seller to the escrow contract, the buyer pays bolívares externally according to the chosen payment method. Messages exchanged about payment details are protected by encryption.

Once the buyer verifies the payment of VES, the ETH is autonomously released to the buyer.


LocalCryptos in Venezuela

The popularity of Ethereum in Venezuela, combined with projected hyperinflation of 10,000,00% by the end of 2019, has made Ether (or ETH—Ethereum's currency) an excellent option for saving and investing for tens of thousands of Venezuelans. The ease of Ethereum mining and the low price of graphics cards in the country has caused the number of Venezuelan miners to grow rapidly since the genesis block four years ago.

Before LocalCryptos, Venezuelans had to convert their Ether to Bitcoin and then exchange BTC for bolivars using LocalBitcoins. In that tedious process, ETH owners lost both time and money. Money had to be spent on commissions for conversions between the cryptocurrencies, fees to transfer Bitcoin, and unfavourable prices on LocalBitcoins. In addition, valuable time was lost that could adversely affect traders due to the volatility in Bitcoin prices, increasing costs yet again.

After the launch of LocalCryptos in October 2017, known as LocalCryptos at the time, merchants in Venezuela could change their precious ETH quickly and economically. In only a few months, Venezuela became the most popular country in the number of trades on the platform, and the country has maintained its first-place ranking to date. Although the volume of ETH traded weekly is only a small fraction of what is exchanged at LocalBitcoins, the proportion is expected to change as Ethereum's popularity increases globally.

Foreign exchange controls established in the country since 2003 have progressively limited the ability of Venezuelans to acquire stable money, while punishing participants in the black exchange market. With the exacerbation of a financial crisis in the country, the size of foreign exchange in informal markets has also decreased.

Why Venezuelans are using LocalCryptos

The emergence of cryptocurrencies and sites like LocalCryptos offers the possibility for merchants to acquire Ether not only as an investment, but as a way to access the increasingly limited supply of dollars and euros. However those are not the only reasons that Venezuelans use ETH.

Due to the terrible financial situation that plagues Venezuela, millions of citizens have had to leave the country in search for better life opportunities. It is estimated that by the end of 2019, the number of emigrants will reach 5 million, according to projections of the UN Refugee Agency. Many people are forced to leave family members behind, and must send them remittances for their support.

Given this, LocalCryptos also represents an option for the Venezuelan diaspora to send remittances much more economically, privately, and at a better rate than the alternatives offered by the Venezuelan government.


Buy ETH from these sellers

~350 trades
Bank transfer
"MERCANTIL - BANESCO"
Venezuela
Caracas
Bs.S 2M to 70M
BUY ETH @
Bs.S 20,77M
7.2% above market
~150 trades
Bank transfer
"MERCANTIL BANESCO 100% A1"
Venezuela
Valencia
Bs.S 1,20M to 3,40M
BUY ETH @
Bs.S 19,68M
1.6% above market
~130 trades*
Bank transfer
"Banesco, BOD, Rápido"
Venezuela
Maracaibo
Bs.S 15,40M only
BUY ETH @
Bs.S 19,67M
1.5% above market
~200 trades
Bank transfer
"provncial mercantil"
Venezuela
Puerto La Cruz
up to Bs.S 2,7K
BUY ETH @
Bs.S 20,34M
5% above market
~60 trades
Other
"T de video MSI RX 470 GDDR5"
Venezuela
Barquisimeto
$100 to $580
BUY ETH @
$259.29
2.2% above market
~250 trades*
Bank transfer
"ACTIVO EN EL PC MERCANTIL PM"
Venezuela
Santa María de Ipire
Bs.S 520K to 700K
BUY ETH @
Bs.S 21,24M
9.6% above market
~625 trades
Bank transfer
"PagoMovil-Provincial-Venezuela"
Venezuela
Maracay
up to Bs.S 1M
BUY ETH @
Bs.S 19,82M
2.3% above market
~350 trades*
Bank transfer
"Mercantil Corriente y Banesco"
Venezuela
Valencia
Bs.S 1M to 10M
BUY ETH @
Bs.S 24,30M
25% above market
~625 trades
Bank transfer
"PROVINCIA-VENEZUELA-BANESCO"
Venezuela
Rubio
up to Bs.S 30M
BUY ETH @
Bs.S 25,27M
30% above market
~650 trades*
Bank transfer
"Banes/Merc/BDV/BBVA PagoMóvil"
Venezuela
Carrizal
Bs.S 1M to 9,50M
BUY ETH @
Bs.S 22,23M
15% above market

Sell ETH to these buyers

~2,100 trades*
Bank transfer
"BOFA ZELLE BOFA."
Venezuela
Caracas
$500 to $1K
SELL ETH @
$230.49
7.3% below market
~1,600 trades*
Bank transfer
"ACTIVO 2:50 PM-MARTES 25"
Venezuela
Caracas
Bs.S 1M to 180M
SELL ETH @
Bs.S 17,19M
9.5% below market
~1,600 trades*
Bank transfer
"BANESCO-BDV-MERCANTIL-PROV"
Venezuela
Caracas
Bs.S 1M to 145M
SELL ETH @
Bs.S 17,19M
9.5% below market
~900 trades
Bank transfer
"R2D2 NO PAGA SI ETH$ BAJA"
Venezuela
Caracas
$100 to $150
SELL ETH @
$349.28
40% above market
~65 trades
Bank transfer
"Rig Minero 4 GTX 1060 6Gb"
Venezuela
Maracay
$700 only
SELL ETH @
$261.96
5.3% above market
~110 trades
Other
"Compro ETH pago ZELLE"
Venezuela
San Felipe
$20 to $50
SELL ETH @
$229.24
7.8% below market
~90 trades
Bank transfer
"Selling ANT MINER S9 13 THash"
Venezuela
Coro
$900 only
SELL ETH @
$318.96
28% above market
~40 trades
Bank transfer
"BANESCO PANAMA / CITIBANK"
Venezuela
Caracas
$100 to $500
SELL ETH @
$199.59
20% below market
~50 trades
PayPal
"PAYPAL ASAP NO ID"
Venezuela
Barquisimeto
$50 to $100
SELL ETH @
$229.53
7.7% below market
~200 trades
Bank transfer
"Zelle email telefono"
Venezuela
Caracas
$1 to $2.5K
SELL ETH @
$237.52
4.5% below market