Trade Silver in Uruguay

Silver (SILVER) is tradable as a perpetual from Uruguay: the legal status, working funding rails and the practical route are below.

Is silver trading legal in Uruguay?

Uruguay put virtual assets inside its ordinary financial-supervision perimeter. Ley N° 20.345, titled 'REGULACION DE LOS ACTIVOS VIRTUALES', was promulgated on 19 September 2024 and published on 27 September 2024; it works by amending existing statutes.

Its article 1 rewrote article 37 of the Banco Central del Uruguay's charter (Ley N° 16.696) so that the list of entities making up the financial system - the entities the BCU regulates and supervises through its Superintendencia de Servicios Financieros - now includes issuers of stable virtual assets and providers of services on virtual assets. That article was rewritten again, keeping both categories, by article 693 of Ley N° 20.446 of 16 December 2025, so the current text differs from the 2024 original.

What the contract is

The contract itself does not change by geography: a SILVER perpetual settles in USDC everywhere.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→Robinhood Chain

Open SILVER-PERP

Pick SILVER in the markets list. The ticket shows the live price, the current funding rate and max leverage 20x .

SILVER-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of SILVER at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

Individual cryptocurrency gains in Uruguay are taxed at 12% under the IRPF personal income tax; businesses pay 25% IRAE.

Trading Silver from Uruguay: legal.

From Uruguay, you can fund a Silver position using Bank Transfer, Credit/Debit/Prepaid Card and Crypto Deposit.

Uruguay residents can trade Silver on 22 platforms, including Aevo, ApeX and Aster.

Canborsa offers up to 20x leverage on Silver for traders based in Uruguay.

Canborsa charges 0.07% per side (0.14% round trip) on Silver.