Send Money from Mexico to Brazil — Fastest & Cheapest Way
Send money from Mexico 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 Mexican 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 Mexico 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 Mexico 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 Mexico — 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 Mexican 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 Mexico
The easiest way to fund your Peanut account from Mexico is via network deposit. Send USDC, USDT, or DAI on Polygon, Arbitrum, Solana, Tron, or Base — all deposits are free and arrive in minutes. Peanut covers gas fees.
Most Mexicans with exchange accounts (Bitso, Binance, Coinbase) can send digital dollars directly to Peanut in under 2 minutes. This is the fastest and most cost-effective method for Mexico-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 Mexican 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
- 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.
- Deposit via supported network — Send USDC, USDT, or DAI from your Mexican exchange account on Polygon, Arbitrum, Solana, Tron, or Base (minutes)
- Recipient gets money instantly — Funds arrive in their Peanut account in milliseconds
- Recipient spends locally — Via Pix QR payments, Pix transfers, or withdraw to bank
If you're sending to yourself (e.g., a Mexican 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 Mexico 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: Mexico to Brazil
Cross-Border Travelers
Moving between Mexico 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 Mexico 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
How much does it cost to send money from Mexico to Brazil with Peanut?
$0 in fees. Network deposits are free, sending is free, and your recipient pays nothing to receive or spend via Pix. The rate you see is the rate you get — no additional charges. Plus, IOF does not apply — saving up to 3.5% on outbound transfers.
How long does it take?
Deposits from Mexico 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 Mexico?
Send USDC, USDT, or DAI from your Mexican exchange account (Bitso, Binance, Coinbase) 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 Mexico 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 Mexico 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 Mexican exchange account?
You can deposit via any global exchange or wallet that supports USDC, USDT, or DAI 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.
Related Pages
- Send Money to Brazil
- Brazil Country Hub
- Mexico Country Hub
- Pay with Pix
- Deposit via Polygon
- Deposit via Solana
- Deposit via Tron
- Pricing
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 Mexico to Brazil today.