Send Money from Argentina to Brazil
Instant & no fees. Save on IOF tax. Recipient spends instantly via Pix without CPF. Perfect for cross-border travel and paying friends.
Sending money from Argentina to Brazil with Peanut is instant and is not subject to the IOF tax that hits traditional transfers. Your recipient gets money in their Peanut account immediately and can spend via Pix at over 150 million users' merchants across Brazil — no CPF or Brazilian bank account needed.
Why Peanut for Argentina to Brazil Transfers
Save on the IOF Tax
Traditional transfers from Argentina to Brazil trigger Brazil's IOF (Tax on Financial Operations) — 0.38% on inbound transfers, up to 3.5% on outbound. Peanut's digital dollar-based flow is not subject to IOF, saving you up to 3.5% on every transfer. This is the biggest cost difference compared to traditional bank transfers or remittance services.
Instant Spending with Pix
Your recipient can spend immediately at over 150 million Pix users across Brazil — restaurants, supermarkets, gas stations, online stores, ride-hailing, hotels, and street vendors. Pix works 24/7/365, even on weekends and holidays. No waiting for bank transfers or dealing with withdrawal delays.
No CPF or Local Bank Required
Peanut doesn't require a CPF (Brazilian tax ID) or a Brazilian bank account. Your recipient verifies with their passport in under 2 minutes and can start spending via Pix right away. Perfect for travelers, expats, or anyone moving between Argentina and Brazil.
No Fees
Deposits are free. Pix payments are free. The rate you see is the rate you get — no hidden fees or markups.
How to Send Money from Argentina to Brazil
- 1
Sign up for Peanut
Create an account and verify with your passport or national ID. Verification takes under 2 minutes for most users.
- 2
Deposit funds
Deposit via a supported network (Solana, Arbitrum, Base, Tron, etc.) to fund your account. Deposits are free and confirm in minutes.
- 3
Send to recipient
If they have Peanut, send instantly via their username or phone. If not, create a Peanut Link they can claim with one tap.
- 4
Recipient spends in Brazil
They receive digital dollars in their Peanut account and can spend immediately via Pix QR payments at merchants across Brazil. Or they can withdraw to a Brazilian bank account if they have one.
Where the Money Goes in Brazil
Pix Payments
Pix is Brazil's instant payment system with over 150 million users. Your recipient scans a merchant's Pix QR code with the Peanut app, confirms the payment, and the merchant receives reais instantly. Works everywhere — restaurants, cafes, supermarkets, gas stations, online stores, Uber, 99, hotels, and street vendors.
Pix is instant, 24/7/365. No business day restrictions. The merchant sees a normal Pix payment — they don't know Peanut is involved.
For details on using Pix with Peanut, see the Pix payment guide.
Bank Withdrawal
If your recipient has a Brazilian bank account, they can withdraw their balance via bank transfer. They'll need to provide their bank details (IBAN or account information).
Cash Pickup
Recipients can hold their balance in digital dollars and spend when ready. Pix QR payments work everywhere, so cash pickup is rarely needed in Brazil.
Cost Comparison: Argentina to Brazil
Peanut Total Cost
- Deposit fee: Free (network deposit)
- Peanut fee: None — the rate you see is the rate you get
- Pix payment fee: Free
- IOF tax: Does not apply (digital dollar transactions are not subject to IOF)
Total for a $500 transfer: ~$504 (0.8% spread only)
Competitor Comparison
| Service | Transfer Fee | Exchange Rate Markup | IOF Tax | Total Cost ($500) |
|---|---|---|---|---|
| Peanut | $0 | 0.8% spread | $0 | ~$504 |
| Wise | $4–$7 | 0.4–1.5% | $1.90 (0.38% inbound) | ~$512–$519 |
| PayPal | 3–4% ($15–$20) | 3–20% markup | $1.90 | ~$535–$615 |
| Western Union | $5–$15 | 5–10% spread | $1.90 | ~$540–$575 |
Savings with Peanut: $8–$111 on a $500 transfer compared to traditional services.
The IOF tax alone costs $1.90 on a $500 inbound transfer with traditional services (0.38%). For outbound transfers from Brazil, the IOF is up to 3.5% ($17.50 on $500), making Peanut's savings even more significant for recipients sending money back to Argentina.
Common Use Cases for Argentina to Brazil
Cross-Border Travel
Traveling between Argentina and Brazil is common in LATAM, whether for work, tourism, or visiting family. Peanut lets you hold your balance in digital dollars and spend locally in both countries — Mercado Pago QR in Argentina, Pix in Brazil. No need to convert at airports or carry multiple cards with bad rates.
See: Cross-Border Travel with Peanut
Tourists Visiting Brazil
If you're an Argentine tourist heading to Brazil, Peanut gives you instant access to Pix from day one — no CPF or Brazilian bank account needed. Avoid the terrible exchange rates at airports and the hassle of finding ATMs. Pay like a local from the moment you arrive.
Paying Friends in Brazil
Splitting bills, covering shared expenses, or sending money to friends in Brazil is instant with Peanut. They receive digital dollars in their account and can spend immediately via Pix or withdraw to their bank. No recipient fees, no app required on their end if you send via Peanut Link.
Sending Money to Family
If you're sending money to family in Brazil, Peanut is not subject to the IOF tax that eats into traditional remittances. Your family receives the full amount instantly and can spend via Pix or withdraw to their bank account. Much cheaper than Western Union or PayPal.
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.
