Cash to crypto, in person.
Panama's crypto exchange, in person. Walk in with cash or a wire, walk out with BTC or stablecoins. Or the other way around.
Your number before you walk in
Estimated fee 0%, you pay $10, you receive about $990.
+ $10 operational fee
You pay $10
for under $20,000
in the coin you choose, settled at the desk
Fees can move slightly with the market. In a good market, or for larger volumes, we may offer an even better rate.
The full ladder
The step is decided by the amount, not by a membership. A step starts at its lower bound: at $50,000 you are in the $50,000 step.Tap any step to see that rate.
How a visit goes
- 01
Message the desk
Tell us the amount and which way it goes. We confirm a number and a time.
- 02
Walk in
PH El Embajador, Calle 50, Obarrio. Ground-floor entrance, paid parking right in front.
- 03
Settle the same visit
Cash counted in front of you, crypto confirmed on chain before you leave.
What you bring, what you take away
Crypto and stablecoinsBTC, ETH, USDT, USDC, XRP, SOL, AVAX, TRX and more
or practically any coin with enough liquidityBTC, USDC and USDT every day, and practically any coin with enough liquidity. For a less common coin, message the desk first so it is ready.
Stablecoins settle 1:1 with the dollar.
Good to know
- MinimumCash to crypto is 0% plus a $10 operational fee under $20,000. Crypto to cash under $200 is the same $10; from $200 the percentage ladder applies. There is no minimum.
- None. Any amount, either way.
- Bank deposit
- Up to $10,000 we can deposit to your bank account instead of paying cash: the same rate plus a $10 operational fee.
- VerificationSmaller amounts need no verification. For larger amounts, moving funds into a bank account, or international wires, you verify once in the client area.
- No KYC for smaller amounts.
- Settlement
- Settled the same visit.
Questions about the desk
Can I buy Bitcoin with cash in Panama?
Yes. Torero Coin is a physical exchange desk in Panama City. Bring US dollars and walk out with Bitcoin, USDC or USDT, or the other way around. Stablecoins settle one to one with the dollar.
How much does it cost to exchange?
You pay a fee that depends on how much you exchange and in which direction. Bringing cash for crypto is 0% plus a $10 operational fee under $20,000 and a small percentage above that; bringing crypto for cash starts at 5% for smaller amounts and falls to 3% from $8,000, and under $200 it is the same $10 operational fee. There is no minimum. The calculator and the full ladder are on this page, and fees can move slightly with the market.
Do I need to do KYC?
The desk operates without KYC up to defined limits, which covers most everyday exchanges. For larger amounts, moving funds into a bank account, or international wires, you verify once in the client area.
Which coins do you exchange?
Bitcoin, USDC and USDT every day, and practically any coin with enough liquidity, in both directions. You can bring cash for crypto or bring crypto for cash; for a less common coin, message the desk first so it is ready.
How fast is settlement?
The same visit, in person. Cash is counted in front of you and crypto is confirmed on chain before you leave.
Panama City.
PH El Embajador, Calle 50, Obarrio
Panama City, Republic of Panama
Ground-floor entrance. Paid parking directly in front.
Open in Google Maps- Mon to Fri, 10:00 to 18:00 (walk in)
- Weekends, holidays and off-hours by appointment
Same number on WhatsApp and Signal. We usually reply within minutes during desk hours.