How to Send Euros to Argentina
You can send euros to Argentina from any European bank and have the recipient spend in pesos at over 1,000,000 Mercado Pago merchants. Deposit via SEPA (free, 90% arrive in under 20 minutes), and the money converts to pesos at the cripto dólar rate, which is typically 5-10% better than what cards and banks offer on the EUR to ARS corridor.
Why the EUR to Argentina Corridor Matters
Spain to Argentina is one of the highest-priority corridors for Peanut. Tourists, digital nomads, and families with ties between the two countries all need a fast, affordable way to move euros into Argentine pesos. Traditional options (bank wires, cards, remittance services) lose 5-20% of the value to poor exchange rates and fees. Peanut closes that gap.
The same flow works from any country in the SEPA zone, not just Spain. If you have a European bank account, you can deposit euros and send to Argentina.
How the Conversion Works
Your euros go through two conversion steps, both handled automatically:
- EUR to digital dollars via a banking partner (the rate tracks the Morningstar EUR/USD rate)
- Digital dollars to ARS via a local banking partner at the cripto dólar rate
The cripto dólar rate bypasses the regulated MEP rate that credit cards use. Instead of EUR to USD to ARS through regulated channels, your money converts at the free market rate. The result is typically 5-10% more pesos per euro compared to cards and bank exchanges (estimate, as of 2026).
The rate locks at the moment of payment. What the recipient sees on the confirmation screen is exactly what gets charged.
How to Send EUR to Argentina with Peanut
- 1
Deposit euros via SEPA
Open the app, tap Deposit, and select bank transfer. Copy the IBAN and reference number provided. Go to your European banking app and send a SEPA transfer using those details. 90% of SEPA deposits arrive in under 20 minutes.
- 2
Your balance updates in digital dollars
Once the deposit clears, your balance shows in digital dollars. No action needed on your part for the conversion.
- 3
Send to your recipient in Argentina
Your recipient can use Peanut to pay at any Mercado Pago QR merchant in Argentina, or you can send money directly to their Peanut account.
- 4
Recipient pays with Mercado Pago
The recipient opens the app, scans any Mercado Pago QR code at checkout, and pays in pesos at the cripto dólar rate. Over 1,000,000 merchants accept Mercado Pago across Argentina.
What You Need
Sender (Europe):
- A Peanut account verified with your passport or national ID
- A bank account in any SEPA zone country
- No Argentine DNI or documents needed
Recipient (Argentina):
- A Peanut account verified with their passport
- No DNI needed on either end. Spain's DNI (Documento Nacional de Identidad) is a completely different document from Argentina's DNI, despite sharing the same abbreviation.
Info
Speed and Cost
| Item | Detail |
|---|---|
| SEPA deposit | Free, 90% under 20 minutes |
| EUR to digital dollar conversion | Included in the rate |
| Digital dollar to ARS conversion | Included in the rate |
| Peanut fees | None |
| Rate advantage vs. cards | ~5-10% better (estimate, as of 2026) |
Peanut charges no fees on deposits, conversions, or payments. The displayed rate includes the provider conversion costs, which are already factored into the rate you see. Even with those costs included, the effective rate beats cards and banks by 5-10% on this corridor.
You can see the full corridor page for Spain to Argentina for a detailed comparison. If you are sending from another European country, see the send money to Argentina guide.