What is Brazilian Digital Token (BRZ)?
Brazilian Digital Token is the first Brazilian-Real-pegged stablecoin on the market. It can be exchanged at the rate of 1:1 with the fiat. The stablecoin was created in 2019 and has since become one of the most traded stablecoins. BRZ is available on most popular blockchains, such as Ethereum, BSC, Algorand, Solana, Stellar, Polygon, etc.
How Brazilian Digital Token (BRZ) Works
The mechanism of BRZ works quite simila rly to USDC. New BRZ is minted when you send a certain amount of fiat to buy BRZ, either through a Teller or directly with a Reserve Manager. Whichever way, the deposited fund will go to the Reserve Manager, who will then create and send a mint order to the Administrator. The Administrator is the only one with the authority to mint new tokens and send the tokens to your wallets. Likewise, when you sell BRZ to get fiat, the Administrator will receive and burn the tokens, as well as send a payment order to the Reserve Manager so the Reserve Manager can send fiat to you.
The Reserve Managers of BRZ, who are solely responsible for managing the reserves that back the value of the token. That being said, information regarding the assets and the reserves securing BRZ is rather limited.
How Many Brazilian Digital Token (BRZ) Tokens Are in Circulation?
BRZ does not have a max cap on supply as that is decided by the reserves. There are 1,000,000,000 BRZ tokens in circulation.
How to Buy Brazilian Digital Token (BRZ)
Consider investing in Brazilian Digital Token (BRZ)? It only takes 2 minutes to create an account on Bitget and start trading BRZ.
Check out the available BRZ trading pairs on Bitget!
Spot market
Brazilian Digital Token (BRZ) Resources
Simple 3-step guide to buying BRZ today in Ethiopia
Create your free Bitget account
Select a funding method
Complete your Brazilian Digital Token purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Brazilian Digital Token using a payment method of your choice:
Buy Brazilian Digital Token with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Brazilian Digital Token order.
How to buy crypto with credit/debit cardBuy Brazilian Digital Token with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Brazilian Digital Token is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Brazilian Digital Token order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Brazilian Digital Token order.Buy Brazilian Digital Token with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Brazilian Digital Token order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Brazilian Digital Token in your Bitget spot wallet
Bitget—where the world trades Brazilian Digital Token
How to buy Brazilian Digital Token for free
- Learn how to earn Brazilian Digital Token for free through the Learn2Earn promotion
- Earn free Brazilian Digital Token by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Brazilian Digital Token airdrops by joining On-going challenges and promotions
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FAQ
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