Brazilians support Bitcoin adoption and legalization

A recent poll conducted by Sherlock Communications found that nearly half of Brazilians agree thatthat bitcoin should be accepted as the country's official currency, as El Salvador did.

Valor Investe reports that 48% of Brazilianssupport bitcoin as a national currency (17% support it without any doubt, 31% with some tolerances). Among the respondents, only 21% rejected this idea (9% categorically, 12% moderately). The remaining 30% of respondents adhere to a neutral position.

The survey was conducted using a researchToluna online platform to explore support for bitcoin and cryptocurrencies in Central and South America. These include Argentina, Chile, Colombia, Costa Rica, El Salvador, Venezuela, and Mexico. Of all the aforementioned regions, Brazil has shown the greatest support for the main cryptocurrency.

"Brazilians are the most vocal supporters of cryptocurrency recognition in the region, with 56% supporting El Salvador's decision and 48% saying they want Brazil to also adopt the digital currency.", - says the study.

It is noteworthy that the interest of the Brazilians, judging byeverything, focused exclusively on bitcoin. BTC is by far the most famous cryptocurrency among the respondents, 92% of respondents said so, Ethereum and Litecoin were chosen by only 31% and 30% respectively. By the way, these are the two most popular altcoins on the market.

Despite the fact that the mediabitcoin is often portrayed as a "risky" investment, the support of the Brazilians is based on a completely opposite perception. When asked about the purpose of investing in cryptocurrencies, 39% of respondents said they did it to "protect against inflation and financial instability", diversify investments (55%) and follow trends in technology (37%).

This is in line with the government's viewsEl Salvador, which has repeatedly acquired hundreds of bitcoins over the past few days. President Nayib Bukele remains confident that his decision to invest in Bitcoin and accept it as legal tender will benefit his people and move the country forward. Of course, this contradicts the views of banking giant JP Morgan and the World Bank.

Luis Eduardo Abreu Haddad, a Yuank consultant at Sherlock Communications, recognizes the importance of El Salvador's first step in determining neighboring countries' bitcoin policies:

"The experiment in El Salvador could be a great example for Latin American countries on how to incorporate blockchain and cryptocurrencies into their economies and ensure the well-being of citizens."

If Brazilians are open to the idea of ​​accepting BTC, Americans have the opposite opinion. Another recent study found that only 27% are willing to support the legalization of bitcoin in the United States.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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