What is PIX?
PIX is Brazil's instant payment system, launched by the Central Bank of Brazil (Banco Central) in November 2020. It allows users to make instant, 24/7 transfers between bank accounts, digital wallets, and businesses β for free for individuals. Since its launch, PIX has become one of the most widely adopted real-time payment systems in the world, processing over 3 billion transactions per month.
Why PIX Matters for Crypto
Before PIX, buying cryptocurrency in Brazil involved slow bank transfers (TED/DOC) that could take hours or even days to settle. PIX changed everything by enabling instant settlement, making it the perfect on-ramp for crypto purchases. When you buy crypto using PIX, the funds arrive at the exchange instantly, and your purchase is executed immediately.
How Crypto On-Ramps Work
An on-ramp is any service that converts fiat currency (like BRL, EUR, or USD) into cryptocurrency. The process typically involves:
- Creating an account on a regulated exchange or platform
- Completing identity verification (KYC)
- Depositing fiat via bank transfer, credit card, or instant payment (like PIX)
- Purchasing your chosen cryptocurrency
ON3X provides seamless PIX integration for Brazilian users, enabling instant deposits with zero fees for buying crypto. The entire process from deposit to holding crypto can take under a minute.
On-Ramps Around the World
Different regions have their own preferred on-ramp methods: SEPA transfers in Europe, Faster Payments in the UK, and various mobile money systems in Africa. The trend globally is toward instant settlement β making crypto more accessible to everyone.
Security and Regulation
Reputable on-ramp providers like ON3X are regulated and implement strict KYC/AML procedures. This protects users from fraud and ensures compliance with local financial regulations.