Send Money from Brazil to Argentina
Convert BRL at the cripto dólar rate — 5-8% better than Wise. Recipient spends instantly via Mercado Pago. No fees.
Sending money from Brazil to Argentina with Peanut converts your reais to pesos at the cripto dólar rate — 5-8% better than the MEP rate used by traditional services. Recipients get funds instantly in their Peanut account and can spend immediately at over 1,000,000 merchants via Mercado Pago QR, or withdraw cash from Red ATMs across Argentina. No DNI required. No fees.
Why Peanut for Brazil to Argentina Transfers
Traveling between Brazil and Argentina is common — whether for tourism, work, or family — but moving money across the border has always been expensive and slow. Peanut changes that.
Better Exchange Rate
Peanut uses the cripto dólar rate, which converts digital dollars directly to Argentine pesos at the real market rate. Traditional services like Wise and credit cards use the MEP rate (a regulated financial market rate), which gives you 5-8% fewer pesos per dollar. Banks and cards often add another 3-20% markup on top of that. Peanut doesn't.
When you send money from Brazil to Argentina through Peanut, your reais convert to digital dollars, then to pesos at this superior market rate — no multi-step conversions eating into the amount.
Easy Deposits from Brazil
Deposit funds into Peanut using Pix or digital dollar transfers from any Brazilian exchange. Pix is instant — send from your Brazilian bank account or fintech app, and your Peanut balance updates within seconds. Alternatively, if you hold USDC on a supported network like Solana, Arbitrum, or Tron, you can deposit directly with no fees and confirmation in under a minute.
No CPF required for Peanut verification — your passport or national ID card is sufficient.
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No Fees
Peanut charges zero fees on deposits, payments, and withdrawals. Deposit via Pix: free. Send to a recipient in Argentina: free. They spend via Mercado Pago or withdraw cash: free. The exchange rate is the rate — no hidden fees, no percentage charges, no monthly account fees.
Instant Spending in Argentina
Once your recipient receives the funds in their Peanut account (which happens instantly), they can spend immediately at any of Argentina's 1,000,000+ Mercado Pago merchants — supermarkets, restaurants, kiosks, street vendors, cafes, pharmacies. They scan the merchant's QR code, confirm the payment in pesos, and the merchant receives the money instantly. No waiting for bank transfers. No need for a DNI or local bank account.
Alternatively, they can withdraw pesos as cash from Red ATMs using a cardless QR withdrawal. The cash is available 24/7 across major Argentine cities.
How to Send Money from Brazil to Argentina
- 1
Sign up for Peanut
Create an account in the Peanut app using your email or phone number. Complete identity verification — upload a photo of your passport or national ID card plus a selfie. Most users pass verification in under two minutes. No local ID (CPF or DNI) is required at any stage.
- 2
Deposit from Brazil
Choose your deposit method: Pix (instant, from your Brazilian bank or fintech app) or digital dollar transfer (USDC on Solana, Arbitrum, Base, Tron, Polygon, or Ethereum — confirms in under a minute). All deposits are free.
- 3
Send to recipient
Enter the recipient's phone number or email. If they don't have a Peanut account yet, they'll receive an invite link to claim the funds. The transfer happens instantly — it's an internal ledger update within Peanut, not a traditional cross-border wire.
- 4
Recipient spends in Argentina
They open their Peanut app and scan any Mercado Pago QR code at 1,000,000+ merchants, or generate a QR for cash withdrawal at any Red ATM. No DNI required — just a passport for verification.
Where the Money Goes in Argentina
Mercado Pago QR Payments
Mercado Pago is Argentina's dominant QR payment system. When your recipient scans a merchant's QR code with Peanut, the app converts their digital dollar balance to pesos at the cripto dólar rate and pays the merchant instantly. The merchant sees a normal Mercado Pago payment — Peanut is invisible on their end.
Coverage includes:
- Supermarkets: Carrefour, Dia, Coto, Jumbo
- Restaurants, cafes, and street food vendors
- Kiosks and convenience stores
- Clothing, electronics, pharmacies
Over 1,000,000 merchants across Argentina accept Mercado Pago QR.
For details, see the Mercado Pago payment guide.
Cash Withdrawals
If your recipient needs physical pesos, they can withdraw cash from Red ATMs using a cardless QR code generated in the Peanut app. The process takes about 30 seconds at the ATM — select "Retiro sin tarjeta" (cardless withdrawal), scan the QR from the app, and collect the bills.
The ATM network operator may charge a small fee (typically a few hundred pesos), but Peanut charges nothing for the withdrawal. Limits and denominations are set by the ATM operator, not by Peanut.
Bank Transfers (Future)
Peanut does not currently support direct bank transfers to Argentine bank accounts. Recipients must use Mercado Pago or cash ATM withdrawals.
Cost Comparison: Brazil to Argentina
Sending R$1,000 (approximately $200 USD equivalent) from Brazil to Argentina:
| Provider | Total Cost | Exchange Rate Used | Recipient Gets (ARS) | Savings vs Peanut |
|---|---|---|---|---|
| Peanut | Free | Cripto dólar | ~ARS 180,000 | — |
| Wise | 0.4-1.5% fee | MEP-equivalent | ~ARS 168,000 | -ARS 12,000 |
| PayPal | 3-4% cross-border fee | MEP + 3-20% markup | ~ARS 150,000 | -ARS 30,000 |
| Western Union | $5-15 fee + 5-10% rate spread | Fixed spread | ~ARS 155,000 | -ARS 25,000 |
On a R$1,000 transfer (about $200 USD equivalent), Peanut saves you approximately ARS 12,000-30,000 compared to alternatives — enough to cover several meals or a day of local transport in Argentina.
Common Use Cases for Brazil to Argentina
Cross-Border Travel
Brazilians frequently travel to Argentina for tourism, shopping, and seasonal trips. Ski resorts in Bariloche and Ushuaia attract Brazilian visitors every winter. Buenos Aires is a weekend destination for São Paulo and Rio residents. Peanut lets you convert your reais to pesos instantly when you arrive — no need to carry cash or deal with unfavorable exchange rates at the border.
You can also send funds to yourself before you travel, so your money is ready to spend the moment you land.
See the cross-border travel guide for more details.
Tourists
If you're visiting Argentina from Brazil, you'll find that most local businesses accept Mercado Pago QR — often more readily than credit cards, especially at smaller vendors and street markets. Peanut gives you access to this local payment system without needing an Argentine DNI or bank account. You pay the same way locals pay, at a better rate than your Brazilian credit card would give you.
See the Argentina country guide for more details.
Remittances
Brazilians with family in Argentina can send money instantly through Peanut. The recipient doesn't need to visit a Western Union office or wait days for a bank transfer — they get the funds in their Peanut account immediately and can spend or withdraw cash as needed. The rate is better than any remittance service, and there are no fees on either end.
Digital Nomads
If you're working remotely in Argentina but earning in Brazilian reais (or being paid by Brazilian clients), Peanut lets you move money into Argentina without losing a chunk to additional charges. Deposit via Pix in Brazil, spend via Mercado Pago in Argentina. Your balance stays in digital dollars until you spend it, so you're not exposed to peso volatility between the time you transfer and the time you use the money.
See the digital nomad guide for Argentina for more details.
