When you're looking to buy Bitcoin or Ethereum in Brazil, you don't need to check five different apps. BityPreço was built to solve that exact problem - and it still is, even after merging into a bigger company. But here's the thing: it's not a traditional exchange. It doesn't hold your coins. It doesn't match your buy orders with sell orders. Instead, it searches across 28 global exchanges to find the best price for you. Think of it like a flight aggregator, but for crypto. And in Brazil, that made it the second-largest platform in the market.

How BityPreço Actually Works

BityPreço doesn't have its own order book. That's unusual. Most exchanges - like Binance or Coinbase - hold your funds and match trades internally. BityPreço is different. It connects you directly to other exchanges. When you click "Buy Bitcoin," it checks prices on Kraken, Bitfinex, Binance, and others. Then it routes your order to the one offering the lowest price. You get the best deal without having to compare manually.

This model works because Brazilian traders care about price. Taxes, bank fees, and slow transfers make every cent count. BityPreço removes the hassle. It also supports over 20 cryptocurrencies: Bitcoin, Ethereum, Solana, Cardano, USDT, USDC, and even niche tokens like AXS and SLP. You can buy them all through one interface.

The platform runs on two main tools: the bitypreco.com website and the Bitybank app. The app is where things get serious. It has real-time charts, stop-loss orders, limit orders - features you'd expect from a pro trading platform. But it's still easy enough for someone who just bought their first Bitcoin last month.

Fees? Zero. Deposits? Free.

One of the biggest draws? No trading fees. Ever. That’s rare. Most exchanges charge 0.1% to 0.5% per trade. BityPreço makes money by routing your order through partner exchanges - not by taking a cut from you.

Deposit and withdrawal fees? Also gone - if you use Solana or Binance Smart Chain. For Brazilian users, depositing Reais (BRL) via bank transfer is completely free. No hidden charges. No surprise costs. That’s huge in a market where fees can eat into small investments.

There’s also a feature called Bix. It lets you buy Bitcoin directly from your banking app - no need to log into BityPreço. If your bank supports it (like Nubank or Itaú), you can tap "Buy Crypto" inside your banking app, and the transaction happens through BityPreço’s backend. It’s seamless. And it’s why the platform became so popular in Brazil.

The Merger: BityPreço Is Now Part of Bity

In July 2022, BityPreço merged with another Brazilian platform, Biscoint. The result? A new company called Bity. Today, you still use bitypreco.com. Your account still works. Your coins are still there. But now, you’re part of a bigger ecosystem.

Bity offers three services:

• BityPreço - the original price-aggregating platform
• Bitybank - a crypto banking app with debit cards, savings, and spending tools
• Biscoint - the former marketplace, now integrated as a trading option

So if you used BityPreço before 2022, you didn’t lose anything. You gained more. Bitybank, for example, lets you spend crypto like cash. You can load a debit card with Bitcoin or USDC and use it at stores. It’s a step beyond trading - it’s about using crypto in daily life.

Regulation: The Big Red Flag

Here’s where things get risky.

BityPreço has no valid regulatory license. According to WikiBit, a crypto platform monitoring service, it’s classified as having "medium potential risk" and "suspicious regulatory license." That means: no oversight from Brazil’s central bank or securities commission. No legal protection if the platform crashes. No insurance for your funds. No audit trail.

Compare that to Crypto.com or Coinbase. They’re licensed in multiple countries. They follow strict security and reporting rules. BityPreço doesn’t. It operates in a gray zone. And while it’s still running - and even growing - that could change overnight. Regulatory crackdowns in Brazil are increasing. Exchanges without licenses are being shut down.

There’s no public data on user complaints, no Trustpilot reviews, no Reddit threads. Only one user rating exists on WikiBit. That’s not normal for a platform with millions of users. Either people aren’t talking - or they’re leaving quietly.

Who Is This For?

BityPreço is perfect if:

• You live in Brazil and want the cheapest Bitcoin price
• You hate switching between apps to compare rates
• You want to buy crypto with your bank account - no credit card needed
• You’re comfortable with a platform that doesn’t have government oversight

It’s NOT for you if:

• You want regulatory protection or insurance on your funds
• You need to trade hundreds of altcoins (it only supports ~20)
• You’re worried about long-term safety - what happens if Bity shuts down?

If you’re just starting out and want to dip your toes into crypto, BityPreço makes it easy. But if you’re holding large amounts, or plan to hold for years, you should consider moving to a regulated exchange - even if it costs a little more.

Final Thoughts

BityPreço isn’t just another exchange. It’s a smart solution for a specific market: Brazil. It solved a real problem - price fragmentation - and did it with zero fees and deep banking integration. The Bity merger gave it more tools, more features, and more reach.

But none of that matters if the platform gets shut down tomorrow. Without regulation, it’s built on sand. The convenience is real. The risk is real too.

If you use it, keep only what you’re okay losing. Don’t store life savings here. Use it to buy, trade, or spend small amounts. Then, move the rest to a licensed exchange. That’s the smart way to play it.