How much does it cost to send money from Colombia to Argentina with Peanut?

$0 in fees. Network deposits are free, sending is free, and your recipient pays nothing to receive or spend via MercadoPago. The rate you see is the rate you get — no additional charges, and it's already factored into the cripto dólar rate displayed. This rate is still approximately 5-8% better than traditional bank transfers or remittance services (estimate, as of 2026).

How long does it take?

Deposits from Colombia via supported networks take minutes. Once in your Peanut account, sending to Argentina is instant — your recipient can spend via MercadoPago immediately. Peanut-to-Peanut transfers are always instant (milliseconds).

How do I deposit from Colombia?

Send USDC or USDT from your Colombian exchange account (Binance, Coinbase, or local exchanges) on Polygon, Arbitrum, Solana, Tron, or Base. Deposits arrive in minutes and are completely free. Peanut covers all gas fees.

Does the recipient need a DNI or bank account?

No. Your recipient doesn't need a DNI or Argentine bank account. They just verify with their passport in under 2 minutes and can immediately spend via MercadoPago, withdraw to any bank, or get cash from ATMs.

What exchange rate does Peanut use?

Peanut uses the cripto dólar rate — a direct USDC-to-ARS market conversion that bypasses the regulated MEP rate. This gives your recipient approximately 5-8% more pesos compared to Western Union, wire transfers, or credit card conversions (estimate, as of 2026).

Is Peanut cheaper than Binance P2P for Colombia to Argentina?

Yes. Binance P2P has no direct spending integration — you trade digital dollars with strangers, then need another tool to spend in Argentina. Peanut eliminates the counterparty risk, manual negotiation, and multi-step process. You get instant MercadoPago payments at a predictable market rate instead of variable peer-negotiated spreads.

Can I send to myself (e.g., as a traveler in Argentina)?

Yes. Many users deposit from Colombia and spend directly in Argentina without sending to another person. Just deposit via a supported network and use your Peanut balance for MercadoPago QR payments, bank withdrawals, or cash ATM withdrawals.

What if I don't have a Colombian exchange account?

You can deposit via any global exchange or wallet that supports USDC or USDT on the supported networks. Your location doesn't restrict which supported networks you can use — as long as you have digital dollars, you can deposit to Peanut.

Send Money from Colombia to Argentina

Send from Colombia to Argentina instantly. Recipient spends via MercadoPago with no DNI needed. Free network deposits from Colombia.

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Send Money from Colombia to Argentina — Fastest & Cheapest Way

Send money from Colombia to Argentina in seconds — your recipient can spend immediately via MercadoPago, withdraw to a bank, or get cash from ATMs. You'll get the cripto dólar rate (approximately 5-8% better than traditional bank transfers, estimate 2026) without the high fees charged by Western Union or wire services. Deposit via supported networks from any Colombian exchange for free, or send USDC on Polygon, Arbitrum, Solana, Tron, or Base. Your recipient doesn't need a DNI or Argentine bank account.

Get early access to Peanut — skip the waitlist and start sending today.

Why Peanut Is the Best Way to Send from Colombia to Argentina

Better Exchange Rate

Peanut uses the cripto dólar rate — a direct USDC-to-ARS conversion that bypasses the regulated MEP rate. This means your recipient gets approximately 5-8% more pesos compared to traditional bank transfers or remittance services (estimate, as of 2026). While banks and services like Western Union convert through multiple steps (USDC → USD → ARS), Peanut converts USDC → ARS directly at the market rate.

For cross-border LATAM transfers like Colombia to Argentina, this matters. A $500 transfer gives your recipient approximately 625,000 ARS at the cripto dólar rate, compared to around 575,000 ARS through traditional channels. That's 50,000 pesos more — enough for groceries, utilities, or a week of expenses in Argentina.

No Fees

Unlike Western Union (which charges $5-15 per transfer) or wire transfers ($25-45 flat fees), Peanut charges $0. Network deposits from Colombia are free — Peanut covers all gas fees. Sending is free. Your recipient pays nothing to receive or spend via MercadoPago.

The rate you see is the rate you get. No hidden fees, no percentage charges, no surprise deductions.

Instant

Send from Colombia — your recipient in Argentina can spend immediately via MercadoPago QR, withdraw to their bank, or get cash from ATMs. No waiting 1-3 days like wire transfers or Western Union. Once you send, the money arrives in their Peanut account in milliseconds, and they can use it right away.

This is critical for urgent situations — medical expenses, rent payments, or family emergencies. When time matters, traditional remittance services can't compete.

No Local Account Needed

Your recipient doesn't need a DNI or Argentine bank account. Just verify with your Colombian passport or national ID in under 2 minutes. They can spend immediately using their own passport verification — no paperwork, no residency requirements, no waiting for local ID approval.

Best Way to Deposit from Colombia

The easiest way to fund your Peanut account from Colombia is via network deposit. Send USDC or USDT on Polygon, Arbitrum, Solana, Tron, or Base — all deposits are free and arrive in minutes. Peanut covers gas fees.

Most Colombians with exchange accounts (Binance, Coinbase, local exchanges) can send digital dollars directly to Peanut in under 2 minutes. This is the fastest and most cost-effective method for Colombia-to-Argentina transfers.

Timing:

Network deposit (recommended): Minutes
All deposits are free from Peanut's side

You'll need to verify your account with your Colombian passport or national ID — it takes under 2 minutes for 90% of users.

See the Polygon deposit guide and Solana deposit guide for step-by-step instructions.

How It Works

1
Sign up and get verified
— Passport or national ID verification takes under 2 minutes for 90% of users. Identity verification is required for fiat operations.
2
Deposit via supported network
— Send USDC or USDT from your Colombian exchange account on Polygon, Arbitrum, Solana, Tron, or Base (minutes)
3
Recipient gets money instantly
— Funds arrive in their Peanut account in milliseconds
4
Recipient spends locally
— Via MercadoPago QR payments, withdraw to bank, or get cash from ATMs

If you're sending to yourself (e.g., a Colombian digital nomad or traveler in Argentina), steps 3-4 simplify: just deposit and spend directly.

Where the Money Goes

Your recipient in Argentina has multiple ways to use the funds:

MercadoPago QR Payments

Pay at over 1,000,000 merchants across Argentina by scanning QR codes. Works at supermarkets (Carrefour, Dia, Coto, Jumbo), restaurants, cafes, street food vendors, kiosks, clothing stores, electronics shops, and pharmacies. The merchant receives pesos instantly in their MercadoPago account — they see a normal MercadoPago payment regardless of how you funded it.

No DNI required. Just scan, review the amount in ARS, and confirm. Payment arrives instantly.

See how MercadoPago payments work with Peanut

Bank Withdrawal

Withdraw to any Argentine bank account. The recipient doesn't need a local account — they can withdraw to any bank that accepts transfers. Processing typically takes 1-2 business days.

Cash Withdrawal

Get cash from Red ATM machines across Argentina. Available 24/7 in major cities including Buenos Aires, Córdoba, Mendoza, Rosario, Bariloche, Salta, and Ushuaia. Generate a QR code in the app and scan at the ATM. Cash availability varies by location and time.

How Much Does It Cost?

Cost breakdown:

Deposit fee (network): Free
Peanut fee: None — the rate you see is the rate you get
Spending via MercadoPago: Free
Total: $0 in fees

Comparison table (sending $500 from Colombia to Argentina):

Provider	Exchange Rate	Fees	Recipient Gets	You Save with Peanut
Peanut	Cripto dólar (1,250 ARS/USD)	$0	625,000 ARS	—
Binance P2P	Peer-negotiated (~1,200 ARS/USD)	0.15-0.35% maker fee + spread	~600,000 ARS	~25,000 ARS
Bank transfer	MEP (~1,150 ARS/USD)	$15-30	~560,000 ARS	~65,000 ARS
Wire transfer	MEP (~1,150 ARS/USD)	$25-45	~545,000 ARS	~80,000 ARS

Note: Exchange rates fluctuate. Cripto dólar rate advantage typically ranges from 5-8% compared to MEP rate used by traditional services.

Common Use Cases: Colombia to Argentina

Cross-Border Travelers

Moving between Colombia and Argentina for work or lifestyle? Peanut gives you one balance that works in both countries. Hold dollars between trips and convert only when you spend. Pay rent, utilities, and groceries in Buenos Aires at the cripto dólar rate while keeping your funds in a stable currency. No need to juggle multiple local bank accounts or pay additional charges every time you cross borders.

Sending Money to Family

Send money from Colombia to family in Argentina instantly. They receive it in their MercadoPago account, can withdraw to their bank, or get cash from ATMs — all at the cripto dólar rate. No fees on either side. No waiting days for Western Union or wire transfers. Perfect for monthly family support, emergencies, or helping with rent and bills.