Braziliex Crypto Exchange Review: Why It's Inactive and What to Use Instead

When you search for a crypto exchange in Brazil, you’re likely looking for fast deposits, low fees, and support for the Brazilian Real (BRL). But if you’ve come across Braziliex, you need to know one thing upfront: it’s not operational anymore. Despite appearing in some outdated search results, Braziliex has been inactive since at least early 2025, according to Cryptowisser’s latest review. This isn’t a case of slow service or minor glitches - it’s a complete shutdown.

What Happened to Braziliex?

Braziliex was launched with a clear goal: to make it easier for Brazilians to trade crypto using BRL. But it never caught on. While competitors like Mercado Bitcoin and Binance were adding Pix - Brazil’s instant bank transfer system - Braziliex stuck with slow, expensive wire transfers. That alone was a death sentence. By 2023, nearly every major Brazilian exchange supported Pix. Braziliex didn’t. That meant users had to wait days to deposit money, while everyone else could send funds in seconds.

Its fee structure made things worse. A flat 0.50% trading fee for both makers and takers was nearly double the industry average of 0.25%. Withdrawal fees were even worse: sending Bitcoin cost 0.00102961 BTC per transaction. At the time, the global average was 0.000643 BTC - meaning Braziliex charged over 60% more just to move your crypto out. For active traders, those fees added up fast.

There was no mobile app. No two-factor authentication beyond the basics. No Portuguese-language customer support team available 24/7. And no API for automated trading - something even small exchanges started offering by 2022. Meanwhile, Binance, Bybit, and Mercado Bitcoin were rolling out educational content, regulatory compliance tools, and local payment options. Braziliex didn’t adapt. It just faded away.

Why It Never Gained Traction

Brazil’s crypto market exploded between 2020 and 2025. Adoption jumped from 12% of adults to 34%. That’s over 70 million people. But the market didn’t grow evenly. It became a winner-takes-most situation. The top five exchanges - Binance, Bybit, OKX, Gate.io, and Mercado Bitcoin - now control over 85% of trading volume. Braziliex never cracked the top 10.

Why? Because it ignored the real needs of Brazilian users. Pix isn’t just a payment method - it’s the default. If you don’t support it, you’re invisible. Braziliex also failed to build trust. No regulatory registration with Brazil’s Securities and Exchange Commission (CVM) was ever confirmed. CVM’s rules tightened in 2022, requiring strict KYC and AML procedures. Smaller exchanges without the resources to comply either shut down or got acquired. Braziliex did neither - it just disappeared.

User feedback is almost non-existent. Trustpilot lists a 3.8/5 rating, but only two reviews - one dated October 1, 2025, which is in the future. That’s a red flag. No meaningful discussions on Reddit, Bitcointalk, or Brazilian crypto forums. Zero mentions on social media since late 2022. When an exchange has no users talking about it, it’s usually because it has no users left.

What You Should Use Instead

If you’re in Brazil and want to trade crypto with BRL, here are the only exchanges worth your time in 2025:

• Mercado Bitcoin - Brazil’s oldest and most trusted local exchange. Fully compliant with CVM, supports Pix, credit cards, and debit cards. Offers over 100 cryptocurrencies and a simple mobile app.
• Bybit - Global giant with strong Brazil focus. 1,700+ cryptocurrencies, 0.1% spot trading fees, Pix integration, and 24/7 Portuguese support. Popular for both beginners and pros.
• Binance - The world’s largest exchange. Has a dedicated Brazil portal with BRL deposits via Pix, bank transfer, and credit card. Low fees, strong security, and full regulatory compliance in Brazil.
• Bitso - Though based in Mexico, Bitso is widely used in Brazil. Offers Pix, low fees, and a clean interface. Good for users who want cross-border access.

All of these platforms have mobile apps, real-time customer support in Portuguese, and transparent fee structures. None charge 0.50% to trade. None block Pix. And none are listed as inactive by any credible source.

Red Flags to Watch For

If you’re considering any new exchange - especially one that sounds local or niche - watch for these warning signs:

• No support for Pix or other instant Brazilian payment methods
• Trading fees above 0.25%
• No mobile app or outdated website design
• No clear regulatory status or CVM registration
• Zero user reviews or only fake-looking ratings
• Website not updated in over a year

Braziliex checked every single one of these boxes. It’s not an isolated case. Several small Brazilian exchanges tried to enter the market between 2020 and 2023 and failed for the same reasons. The market is too competitive, too regulated, and too fast-moving for platforms that don’t prioritize user experience.

Is There Any Chance Braziliex Will Come Back?

Almost certainly not. The platform hasn’t been listed on CoinGecko, CoinMarketCap, or CryptoCompare since early 2024. No GitHub activity since late 2022. No press releases. No social media updates. Even Binance’s February 2025 list of top P2P exchanges in Brazil - which includes dozens of smaller players - doesn’t mention Braziliex. That’s the final nail in the coffin.

Brazil’s crypto market is growing at 28.7% per year through 2030, according to Statista. There’s plenty of room for new players - but only if they build with the local market in mind. Braziliex didn’t. It tried to be a crypto exchange without understanding Brazil.

Final Thoughts

Don’t waste your time on Braziliex. It’s gone. Searching for it now is like looking for a landline phone in 2025 - you might find the name, but you won’t find a working service. If you’re looking to buy Bitcoin, Ethereum, or any other crypto in Brazil, use one of the established platforms. They’re secure, fast, cheap, and built for real users - not outdated ideas.

The lesson here isn’t just about one failed exchange. It’s about what it takes to survive in Brazil’s crypto market: local payment integration, low fees, regulatory compliance, and constant improvement. If an exchange doesn’t do those things, it won’t last - no matter how catchy the name sounds.