How to Trade Solana (SOL) in Brazil

From Brazil, exposure to Solana runs through a USDC-settled perpetual.

Is Solana trading legal in Brazil?

Owning, buying and selling spot crypto is lawful in Brazil and there is no restriction on individuals holding virtual assets. Leveraged derivatives are a separate question and sit with a different regulator.

Under the securities law, Law 6.385/1976, a security includes “other derivative contracts, regardless of the underlying assets”, which captures perpetual futures and CFDs referenced to crypto; the same law makes distributing and intermediating securities dependent on prior authorisation from the Comissão de Valores Mobiliários. So perps and CFDs are not banned as a product for Brazilians, but they are lawful only when offered through a CVM-authorised intermediary, and an offshore venue that markets them to Brazilian retail without that authorisation is offering them irregularly.

What the contract is

A perpetual on SOL tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.

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 SOL-PERP

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

SOL-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of SOL 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.

15% IRPF, assessed annually, on income and gains from financial applications held abroad — a category that Law 14.754/2023 defines as expressly including virtual assets and digital wallets. This is the rate that reaches a Brazilian resident trading on an offshore venue. A separate domestic regime for crypto held in Brazil, with progressive capital-gains rates and a small-disposal exemption, is not confirmed here.

Trading Solana from Brazil: legal.

Regulator for Solana trading in Brazil: Banco Central do Brasil regulates virtual asset service providers, and the Comissão de Valores Mobiliários (CVM) regulates derivatives and securities.

For Brazil residents trading Solana: 15% IRPF, assessed annually, on income and gains from financial applications held abroad — a category that Law 14.754/2023 defines as expressly including virtual assets and digital wallets.

Full identity verification is standard.

From Brazil, you can fund a Solana position using PIX, Bank transfer (TED) and Boleto bancário.