If you’re looking for a good South American based cryptocurrency exchange, the Chilean based CryptoMKT might be a good fit. It offers the chance to buy Ethereum, Bitcoin, and Stellar Lumens using the Chilean Peso, Argentinian Peso, Brazilian Real and Euro (as of June 2018).
Signing up for CryptoMKT is easy enough, but trading requires additional verification. Currently there are four levels of verification on the platform; Observer, Basic, Trader and Institutional. The Observer level is just that, it allows you to use the platform to observe the markets, but you cannot trade. If you want to deposit, withdraw, and trade on the CryptoMKT platform you need to provide verification that includes banking details to level up to the Basic verification level. This allows for trading of up to $50,000 monthly. This verification requirement was put into place to prevent money laundering.
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