How long does it take?

Deposits from Colombia via supported networks take minutes. Once in your Peanut account, sending to Brazil is instant — your recipient can spend via Pix immediately. Pix is instant 24/7/365. 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 CPF or bank account?

No. Your recipient doesn't need a CPF or Brazilian bank account. They just verify with their passport in under 2 minutes and can immediately spend via Pix or withdraw to any bank.

What is IOF and why does it not apply to Peanut?

IOF (Tax on Financial Operations) is a Brazilian tax on financial transactions. Moving money into or out of Brazil via traditional channels triggers IOF — 0.38% on inbound transfers and up to 3.5% on most outbound transfers. Digital dollar transactions are not covered by IOF legislation, so Peanut's USDC → BRL flow is not subject to IOF.

What exchange rate does Peanut use?

Peanut uses the cripto dólar rate — a direct USDC-to-BRL market conversion. This gives your recipient the real market rate without IOF deductions or bank markups.

Is Peanut cheaper than Binance P2P for Colombia to Brazil?

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

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

Yes. Many users deposit from Colombia and spend directly in Brazil without sending to another person. Just deposit via a supported network and use your Peanut balance for Pix QR payments or bank 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 Brazil

Send from Colombia to Brazil instantly. Recipient spends via Pix with no CPF needed. Save on IOF tax. Free network deposits.

Get Early Access

Send Money from Colombia to Brazil — Fastest & Cheapest Way

Send money from Colombia to Brazil in seconds — your recipient can spend immediately via Pix, withdraw to a bank, or use it anywhere in Brazil. You'll save on the IOF tax (up to 3.5% savings on outbound transfers) and get the cripto dólar rate. 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 CPF or Brazilian 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 Brazil

IOF Tax Savings

Moving money into or out of Brazil normally triggers the Tax on Financial Operations (IOF) — 0.38% on inbound transfers and up to 3.5% on most outbound transfers. Traditional bank transfers, credit card foreign transactions, and remittance services all pay IOF.

Digital dollar transactions are not covered by IOF legislation. Peanut converts USDC → BRL directly via the cripto dólar mechanism, so IOF does not apply. On a $1,000 transfer, that saves up to $35 in IOF alone — before even comparing exchange rates.

Better Exchange Rate

Peanut uses the cripto dólar rate — a direct USDC-to-BRL conversion at the real market rate. Combined with IOF savings, your recipient gets significantly more reais compared to traditional bank transfers or remittance services.

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 Pix.

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 Brazil can spend immediately via Pix QR payments or send Pix transfers. 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. Pix is instant 24/7/365 — works on weekends and holidays.

No Local Account Needed

Your recipient doesn't need a CPF or Brazilian 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 CPF 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-Brazil 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 Pix QR payments, Pix transfers, or withdraw to bank

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

Where the Money Goes

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

Pix QR Payments

Pay at virtually every business in Brazil by scanning Pix QR codes. Works at restaurants, supermarkets, gas stations, online stores, ride-hailing apps (Uber, 99), hotels, hostels, street vendors, and markets. The merchant receives reais instantly in their Pix-enabled account — they see a normal Pix payment regardless of how you funded it.

No CPF required. Just scan, review the amount in BRL, and confirm. Payment arrives in seconds. Pix is instant, 24/7/365 — works on weekends and holidays.

See how Pix payments work with Peanut

Bank Withdrawal

Withdraw to any Brazilian 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.

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 Pix: Free
IOF tax: $0 (not subject to IOF)
Total: $0 in fees

Comparison table (sending $1,000 from Colombia to Brazil):

Provider	IOF Tax	Exchange Rate	Fees	Recipient Gets	You Save with Peanut
Peanut	$0 (exempt)	Cripto dólar (~5.8 BRL/USD)	$0	~5,800 BRL	—
Binance P2P	$0 (exempt)	Peer-negotiated (~5.6 BRL/USD)	0.15-0.35% maker fee + spread	~5,560 BRL	~240 BRL
Bank transfer	~$3.50 (0.38% inbound)	Market (~5.7 BRL/USD)	$15-30	~5,370 BRL	~430 BRL
Wire transfer	~$3.50 (0.38% inbound)	Market (~5.7 BRL/USD)	$25-45	~5,350 BRL	~450 BRL

Note: Exchange rates fluctuate. IOF tax rates as of mid-2025. Outbound IOF (up to 3.5%) would apply if the recipient tries to send money back out of Brazil via traditional rails.

Common Use Cases: Colombia to Brazil

Cross-Border Travelers

Moving between Colombia and Brazil 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 São Paulo or Rio at the cripto dólar rate while saving on IOF taxes. 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 Brazil instantly. They receive it in their Peanut account and can spend via Pix, withdraw to their bank, or pay bills online — all without paying IOF tax. 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.

FAQ

Disclaimer

The information on this page is for general informational purposes only and does not constitute tax, legal, or financial advice. Tax treatment of digital asset transactions varies by jurisdiction and may change. Consult a qualified professional for advice specific to your situation.

Skip the waitlist and get early access to Peanut. Start sending from Colombia to Brazil today.