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Back in 2019 and 2020, if you lived in Brazil and wanted to buy Bitcoin with your real money, you had a few local options. One of them was Negocie Coins. It promised simple trading, fast support, and direct BRL access. But today, it’s gone. Not just offline-vanished. And the people who tracked crypto exchanges labeled it a scam. This isn’t a review of a platform you can still use. It’s a warning. A real one.
What Negocie Coins Actually Offered
Negocie Coins wasn’t trying to be Binance. It didn’t list hundreds of coins. It didn’t even support Ethereum. It focused on four: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), and Litecoin (LTC). All traded only against the Brazilian Real (BRL). No USD. No EUR. No ETH. No altcoin-to-altcoin trading. If you wanted to swap BTC for LTC, you couldn’t. You had to sell BTC for BRL, then buy LTC with that BRL-two separate trades, two sets of fees.
That’s not a feature. That’s a limitation. And it was intentional. The platform was built for Brazilians who didn’t want to deal with international exchanges that charged high conversion fees or required complicated bank transfers. For someone who just wanted to buy Bitcoin with their paycheck, it looked clean. Simple. Local.
There were two account types: Basic and Premium. Basic had standard limits. Premium required a minimum deposit of BRL 30,000 (about $6,000 USD in 2020) or 50 BTC. That’s not for casual users. That’s for people with serious capital. Why? To reduce operational load. But it also meant most users were stuck with low limits and slow support.
Security and Transparency: The Red Flags
Negocie Coins claimed to use SSL encryption and two-factor authentication (2FA). That’s basic stuff. Every legitimate exchange does that. But here’s the problem: no one could verify how much trading was actually happening.
By March 2020, Cryptowisser noted that neither CoinMarketCap nor CoinGecko had any data on Negocie Coins’ 24-hour trading volume. That’s a massive red flag. If you’re running a real exchange, your volume shows up on those sites. It’s automatic. It’s public. It’s how trust is built. No volume? That means either you’re not trading much-or you’re faking it.
And then, by December 27, 2020, Cryptowisser updated its database: "It is no longer possible to access this exchange. Accordingly, we have marked the exchange as a scam." The website went dark. No notice. No announcement. Just silence.
Some sites still list it as active in 2025, but those are SEO clones. They’re recycling old content to rank for searches. The real platform? Dead. No one’s logging in. No one’s trading. The servers are offline.
Why It Failed When Others Succeeded
Brazil had other exchanges back then: MercadoBitcoin, BitcoinTrade, Foxbit, NovaDAX. They all supported BRL. But they also listed more coins. MercadoBitcoin offered over 15 cryptocurrencies by 2020. Foxbit started with just BTC/BRL, but expanded fast. Negocie Coins didn’t. It stayed stuck in 2018.
It didn’t adapt. It didn’t add Ethereum. It didn’t add USDT. It didn’t improve its app. It didn’t respond to user complaints. Meanwhile, Brazil’s crypto market exploded. Chainalysis reported $79.9 billion in crypto transaction volume in 2020-Brazil was the 6th largest globally. Yet Negocie Coins didn’t grow with it. It shrunk.
Another issue: no public audits. No third-party verification of reserves. No proof that users’ funds were safe. When you’re dealing with money, that’s not optional. It’s mandatory. And Negocie Coins never provided it.
User Reviews: Too Good to Be True?
You’ll find some sites claiming Negocie Coins had a 4.3/5 rating on Cryptogeek, based on nine reviews. That sounds great. But nine reviews? That’s not a sample. That’s a whisper. And Cryptogeek isn’t a trusted platform like Trustpilot or Reddit. It’s a small site with no moderation standards.
Meanwhile, there’s zero trace of Negocie Coins on major forums. No long threads on Reddit. No complaints on BitcoinTalk. No detailed reviews on YouTube. That’s not normal. Real exchanges-good or bad-get talked about. This one didn’t. Why? Because when users tried to withdraw, they couldn’t. And then the site disappeared. No one had time to write reviews. They were too busy trying to get their money back.
One Revain.org user comment said: "Pros: Acknowledges cash." That’s it. That’s the only positive thing anyone could say. The rest? "Really restricted exchange." "Only store that has been gotten free from visa waivers." Translation: it worked for basic BRL deposits, but that was it.
Who Was This Exchange For?
Negocie Coins was built for one kind of person: a Brazilian who didn’t know much about crypto, didn’t want to use international platforms, and just wanted to buy BTC with their bank account. That’s it.
If you were looking to trade altcoins, hedge your portfolio, or use DeFi tools-you couldn’t. If you wanted to deposit crypto from another wallet-you couldn’t. If you needed customer support that actually answered you-you might have waited days. And if you deposited more than BRL 30,000? You were a target. Premium accounts often get hit hardest when an exchange collapses.
It wasn’t a scam at first. It looked real. It had a physical address in Curitiba. It had a CNPJ (Brazilian business registration). But legitimacy isn’t about paperwork. It’s about trust, transparency, and continuity. Negocie Coins had none of that.
The Bigger Lesson
Negocie Coins didn’t fail because it was too small. It failed because it didn’t care enough to grow. It didn’t update. It didn’t communicate. It didn’t prove it was safe. And when the pressure came-when users started asking for withdrawals-it vanished.
This isn’t just about one exchange. It’s about what happens when local platforms ignore global standards. No volume reporting? Red flag. No Ethereum? Outdated. No transparency? Dangerous. No response when users ask for help? Scam.
If you’re in Brazil today and looking for a crypto exchange, go with MercadoBitcoin or BitcoinTrade. They’ve been around longer. They list dozens of coins. They report volume. They’ve survived regulatory checks. They’re not perfect-but they’re real.
Negocie Coins? It’s a ghost. A cautionary tale. And if you see anyone promoting it as "still active" or "a hidden gem," they’re either misinformed-or trying to sell you something else.
Cryptocurrency Guides
Manish Yadav
December 4, 2025 AT 13:58This is why you never trust some local exchange that looks too simple. No Ethereum? No volume? That's a red flag bigger than your mom's alarm clock.
They vanish the second someone asks for their money back. Classic scam.
Don't be that guy who says 'but it worked for me for a month.'
Vincent Cameron
December 4, 2025 AT 18:39There's a deeper truth here: human beings crave simplicity, and scammers exploit that. We don't want to learn about wallets, gas fees, or liquidity pools. We just want to buy Bitcoin with our paycheck. That’s not laziness-it’s a psychological need. And when a platform promises to fulfill that need without complexity, it’s not offering convenience. It’s offering a trap wrapped in a UI.
Legitimate platforms don’t hide behind simplicity. They explain complexity with clarity. Negocie Coins didn’t explain anything. It just disappeared.
That’s not failure. That’s predation.
Noriko Robinson
December 5, 2025 AT 10:07I lived in Brazil for a year in 2019 and used BitcoinTrade. The interface was clunky but it worked. I remember people talking about Negocie Coins in Facebook groups-everyone said it was easy, but no one ever posted screenshots of withdrawals. That’s the quiet red flag. When people avoid showing proof, it’s because there’s nothing to show.
Also, no one ever mentioned their customer service. That’s not normal. Real services get complained about. This one got ignored until it vanished.
It’s a lesson in how silence can be louder than noise.
ronald dayrit
December 6, 2025 AT 21:17The tragedy of Negocie Coins isn’t that it was a scam-it’s that it could have been something meaningful. Brazil’s crypto adoption was exploding, and here was a platform built for the average person who didn’t speak English, didn’t have a foreign bank account, and just wanted to hold Bitcoin without jumping through a dozen hoops. It had the potential to be a bridge. But instead of evolving, it froze. No Ethereum? No USDT? No API? No transparency? That’s not a business model. That’s a death sentence disguised as a service. The market didn’t punish it for being small. It punished it for being stagnant. And in crypto, stagnation is the same as betrayal.
People don’t leave because they’re scared of complexity. They leave because they’re scared of being lied to. And Negocie Coins lied by omission.
That’s the most dangerous kind of lie.
Yzak victor
December 8, 2025 AT 00:16I remember seeing this place pop up on a Brazilian Reddit thread. Everyone was like, 'Oh cool, local BRL trading!' But no one ever posted a withdrawal receipt. Not one. And then it just… went quiet. No announcement. No email. Just a 404.
My buddy lost like 8k BRL. He still talks about it like it was a breakup.
Don’t trust the ones that don’t talk back.
Josh Rivera
December 8, 2025 AT 23:00Wow. A crypto exchange that didn’t list Ethereum? In 2020? Did they think Bitcoin was the only coin that mattered? Did they get their market research from a 2013 blog post?
And let’s not forget the 'Premium' account-minimum deposit of 50 BTC. Who the hell has 50 BTC to just sit on an exchange that doesn’t even let you swap coins? That’s not a premium tier. That’s a bait-and-switch for the rich.
They weren’t trying to build a platform. They were trying to build a vault for their own money.
And now it’s a ghost story. Congrats, guys. You won.
Neal Schechter
December 9, 2025 AT 07:20For anyone outside Brazil: this is why local exchanges can be dangerous. They’re not regulated. They don’t report to global systems. They don’t need to. And when they vanish, there’s no international watchdog chasing them.
MercaBitcoin and BitcoinTrade survived because they played by the rules-even the ugly ones. Negocie Coins played no rules. And that’s why it died.
It’s not about size. It’s about accountability.
Adam Bosworth
December 11, 2025 AT 03:009 reviews on Cryptogeek? 4.3 stars? That’s not a rating. That’s a statistical joke. Nine people. Probably the same five people who made 2 accounts each. And 'Pros: Acknowledges cash'? Bro, that’s not a pro. That’s the bare minimum. Like saying 'this restaurant has chairs.'
And the fact that no one’s talking about it on BitcoinTalk? That’s not silence. That’s the sound of 10,000 people getting robbed and deciding it’s not worth the fight.
They didn’t just disappear. They evaporated. Like a fart in a hurricane.
Renelle Wilson
December 11, 2025 AT 05:39This case study reveals a critical failure in the architecture of trust in emerging markets. When financial infrastructure is underdeveloped, the burden of verification falls entirely on the user. But users are not auditors. They are not cryptographers. They are not regulators. They are simply people trying to protect their savings. A platform that does not proactively provide transparency-through third-party audits, real-time volume reporting, and public reserve proofs-is not merely negligent. It is structurally hostile to its users. Negocie Coins did not fail because it was small. It failed because it refused to acknowledge its moral responsibility to those who entrusted it with their capital. In a world where trust is the only currency that matters, this exchange was bankrupt from day one.
Elizabeth Miranda
December 12, 2025 AT 00:11It’s wild how many people still think 'local' means 'safe.' Brazil had dozens of BRL exchanges. Most of them were fine. But the ones that didn’t evolve? They died. Quietly. And people still fall for it. I’ve seen ads for 'new local exchange' that look exactly like Negocie Coins. Same layout. Same promises. Same silence after you deposit.
Don’t be the next ghost story.
Chloe Hayslett
December 13, 2025 AT 22:52Oh wow, Brazil’s crypto scene is so backwards. No wonder they got scammed. In the US, we have Coinbase and Kraken. We don’t need some tiny platform that doesn’t even have ETH. What were they thinking? They should’ve just stuck to selling tacos.
At least they didn’t try to charge in USD. That would’ve been embarrassing.
Jerry Perisho
December 14, 2025 AT 20:37No volume on CoinGecko? That’s the first thing you check. If it’s not there, it’s not real. Simple as that.
Also, if you need 50 BTC to get 'premium,' you’re not building a user base. You’re building a honeypot.
They didn’t want customers. They wanted deposits.
Holly Cute
December 16, 2025 AT 06:31Let’s be real-this wasn’t a scam. It was a slow-motion robbery with a website. They didn’t need to steal all at once. They just needed to let people think they were safe while quietly moving the funds out. That’s why they never updated. Why they never added coins. Why they never responded. They were waiting for the cash to pile up.
And when it did? They ghosted.
It’s not a failure. It’s a business plan.
Also, the fact that some sites still list it as active in 2025? That’s the real scam. SEO parasites feeding off dead bodies.
And we wonder why people distrust crypto.
Richard T
December 16, 2025 AT 12:04What’s interesting is how many people still think 'it had a CNPJ' means it’s legit. A business registration doesn’t mean you’re honest. It just means you filled out paperwork. I’ve seen people run pizza shops with CNPJs that never deliver. Same thing here.
Legitimacy isn’t paperwork. It’s proof. And proof was never given.
Frank Cronin
December 16, 2025 AT 13:32Oh look, another 'local hero' that thought they could outsmart the market. No ETH in 2020? You’re not a pioneer. You’re a relic. And the fact that you didn’t even bother to update your website? That’s not incompetence. That’s arrogance. You thought people would just keep depositing money while you slept. And when they woke up? Too bad. You vanished.
It’s not a cautionary tale. It’s a monument to mediocrity.
Nina Meretoile
December 16, 2025 AT 14:02It’s like a mom-and-pop shop that sells only apples. People love it. Then one day, the apples are gone. The store’s still there. But no one’s inside. The sign still says 'Fresh Apples!' But the shelves are empty. The lights are off. The owner? Gone.
That’s Negocie Coins. Not evil. Just… done. And now people are still searching for it, hoping the apples will come back.
They won’t.
Chris Jenny
December 17, 2025 AT 23:06THIS IS A GOVERNMENT PLOT. THEY LET NEGOCIE COINS LIVE SO THEY COULD TRACK CRYPTO USERS. THEN THEY SHUT IT DOWN TO CREATE FEAR. NOW YOU’RE SCARED OF LOCAL EXCHANGES. NOW YOU GO TO MERCADOBITCOIN-WHICH IS OWNED BY THE SAME BANKS THAT CONTROL YOUR ACCOUNTS.
THEY WANT YOU TO USE THE BIG ONES SO THEY CAN TRACK EVERY TRANSACTION.
NEGOCIE COINS WAS THE ONLY REAL OPTION. THEY KILLED IT BECAUSE IT WAS TOO FREE.
THEY’RE HIDING SOMETHING.
AND THE VOLUME WASN’T MISSING-IT WAS JUST SENT TO OFFSHORE WALLETS.
THEY’RE STILL WATCHING.
Uzoma Jenfrancis
December 19, 2025 AT 18:14Why do Americans always act like they know everything about Brazil? We had our own problems. But at least Negocie Coins didn’t charge 5% in conversion fees like the big ones. It was honest. It just got crushed by the system.
It wasn’t a scam. It was a victim.
Doreen Ochodo
December 20, 2025 AT 09:57Just don’t use exchanges that don’t have public volume. That’s the rule. No exceptions.
Simple.
Madison Agado
December 22, 2025 AT 03:01The real tragedy isn’t the lost money. It’s the lost trust. People who got burned by Negocie Coins didn’t just lose crypto. They lost faith in the idea that local solutions could work. And now, even good local platforms struggle to gain credibility. That’s the real cost of fraud: it doesn’t just steal money. It steals hope.
Tisha Berg
December 23, 2025 AT 01:57My cousin used this. Lost everything. He still won’t talk about it. I think he blames himself.
It’s not your fault. It’s theirs.
Don’t let guilt silence you. Speak up. Even if it’s just one comment.
Someone else might need to hear it.
Roseline Stephen
December 23, 2025 AT 18:08I appreciate the detailed breakdown. It’s rare to see someone explain not just what happened, but why it mattered. Most posts just say 'scam.' This one shows the pattern. That’s valuable.
Thank you.
Jon Visotzky
December 25, 2025 AT 10:50So the site’s dead but still shows up on Google? That’s wild. I clicked one of those clones last week. Thought it was real. Almost deposited. Scared me half to death.
Someone’s making bank off dead sites.
That’s the real crypto hustle.
Isha Kaur
December 26, 2025 AT 04:15I think what’s really sad is how many people still believe in the myth of the 'local hero' exchange. They think if it’s in their country, it’s safer. But safety doesn’t come from geography. It comes from transparency, accountability, and consistency. Negocie Coins had none of that. It had a name, a logo, and a promise. And that’s all it needed to take money. That’s the dangerous part. It didn’t need to be big. It just needed to look real long enough.
And it did. For a while. Until the music stopped.
Now the only thing left is the echo.
Glenn Jones
December 26, 2025 AT 15:04THIS WAS A COORDINATED TAKEDOWN BY THE FEDS TO CRUSH DECENTRALIZATION. THEY LET IT GROW SO THEY COULD IDENTIFY EVERY USER. THEN THEY SHUT IT DOWN AND USED THE DATA TO CRACK DOWN ON CRYPTO IN BRAZIL. THE 'SCAM' WAS A COVER. THE REAL GOAL WAS TO DESTROY THE ONLY NON-BANK CRYPTO PLATFORM THAT DIDN’T REPORT TO THE GOVERNMENT. THEY WANT YOU TO THINK IT WAS A SCAM SO YOU WON’T ASK QUESTIONS.
THEY’RE LYING TO YOU. AGAIN.
AND YOU BELIEVE THEM.
PATHETIC.
Manish Yadav
December 27, 2025 AT 15:15That’s the exact same thing my cousin said. And now he’s using Binance. And he’s happy. The lesson? If it doesn’t have a global footprint, it’s not worth your money.
Period.