Exchanges reviewed without the hype: security, reserves and P2P with your local currency
At AR4 we review each exchange with verifiable criteria: security and incident history, published proof of reserves, a P2P market to buy and sell with your local currency (soles, Colombian pesos, Mexican pesos, Argentine pesos), and real fees with no fine print. Our promise is simple: each platform's drawbacks take up the same space as its advantages, and nobody here promises you profits. Just clear information so you can decide where to trade with the full data on the table. If you receive prop firm payouts in crypto, read how to convert USDT to soles or pesos safely.
Ranking by Trust Score
Detailed comparison table
The same exchanges, side by side: what fee they charge on spot, how long they have been operating and whether they publish proof of reserves.
Fears before getting started? That's normal — let's be straight
Frequently asked questions
What is proof of reserves and why does it matter?
It is a periodic publication in which the exchange shows that it holds its customers' funds in custody. It does not guarantee full solvency, because it usually does not cover liabilities, but an exchange that publishes it is more verifiable than one that does not. The comparison table on this page shows which ones publish it.
Binance appears as a sponsor. Does that change the ranking?
Binance is a sponsor of AR4 Mercados and is declared as such in its own block, separate from the Trust Score ranking. The ranking order is calculated with the same public formula for everyone: the five components and the weight of each are published in Methodology and transparency, and each exchange's breakdown, score by score, appears in its review. The sponsor's links carry the corresponding label.
What fees will I pay?
Each exchange's spot fee is in the comparison table. Keep in mind that besides spot there are usually withdrawal costs, price differences between platforms and, on purchases with local currency, a margin on the exchange rate.
Do I have to verify my identity to trade?
Large exchanges require identity verification to trade and withdraw, under anti-money-laundering regulations. Requirements and limits vary by country of residence: check them on the exchange itself before depositing.
Can I buy crypto with my local currency (soles, Colombian pesos, Mexican pesos)?
Yes, through the person-to-person (P2P) market, where buyers and sellers agree on the price and the local payment method: soles with Yape or Plin in Peru, Colombian pesos with Nequi or Bancolombia, Mexican pesos via SPEI, and the equivalent in each country. The available payment methods vary by exchange and your country of residence: check them on the platform itself before depositing. Apart from that, this page shows the price of the AR4 Mercados USDT/soles exchange: a direct exchange with AR4, outside any platform, with the two prices that AR4 sets and that are locked when you confirm the reservation. If one side has no price, the box says so.
Is it safe to keep my crypto on the exchange?
It is convenient but means entrusting custody to a third party: if the exchange fails, your funds depend on it. For significant amounts, the usual practice is to use your own wallet. This site does not provide financial advice; the decision is yours.