Latin America’s cryptocurrency landscape is rapidly evolving, and local exchanges are stepping up to meet global standards. At the forefront of this transformation is Bitso, the region’s leading crypto exchange, which has officially launched its self-developed Web3 wallet. This strategic move positions Bitso as a key player in bridging the gap between centralized finance (CeFi) and decentralized finance (DeFi), offering users a seamless gateway into the expanding world of blockchain-based financial services.
The new Web3 wallet empowers Bitso’s growing user base with secure, self-custodial control over their digital assets—while maintaining the ease of use associated with traditional exchanges. By integrating advanced technology and multi-chain support, Bitso is lowering the barriers for everyday users to explore DeFi, NFTs, and decentralized applications (dApps).
A Trusted Gateway to Decentralized Finance
One of the biggest hurdles for mainstream crypto adoption is complexity. Many users find managing private keys, interacting with smart contracts, or navigating different blockchain networks intimidating. Bitso addresses these concerns by building a trusted on-ramp from its centralized platform directly into Web3.
Users can now purchase cryptocurrencies through Bitso’s familiar interface and instantly transfer them to their non-custodial Web3 wallet—without leaving the ecosystem. This hybrid model mirrors strategies adopted by major global platforms like Binance, OKX, and Bybit, but with a localized focus tailored to Latin American markets.
According to Daniel Vogel, CEO of Bitso, the exchange is uniquely positioned at the intersection of CeFi and DeFi. “Bitso is a special participant because we have one foot in the centralized world and one foot in the decentralized world,” Vogel explained in an interview with Valor Económico. This dual presence allows Bitso to offer regulated, secure trading while also enabling innovation in self-custody and decentralized access.
Built on MPC Technology for Enhanced Security
Security remains a top concern for users exploring self-hosted wallets. To address this, Bitso’s Web3 wallet leverages Multi-Party Computation (MPC) technology—an industry-leading approach that eliminates single points of failure by distributing key shards across multiple secure environments.
Unlike traditional wallets that rely on seed phrases (which can be lost or stolen), MPC splits cryptographic keys into parts, ensuring no single entity ever holds full control. This significantly reduces the risk of theft or human error while streamlining recovery processes.
With this foundation, Bitso delivers a user experience that prioritizes both security and accessibility, making self-custody less daunting for newcomers without compromising on robustness for experienced users.
Multi-Chain Support for Seamless Asset Management
The Bitso Web3 wallet supports five major Ethereum Virtual Machine (EVM)-compatible networks:
- Ethereum
- Polygon
- Arbitrum
- Base
- Optimism
This broad compatibility enables users to interact with thousands of decentralized protocols across layers 1 and 2 solutions. The wallet also includes built-in swapping functionality, allowing instant exchanges between more than 2,000 tokens across supported chains—all within a single interface.
Such integration reduces friction for users who want to participate in yield farming, stake tokens, trade NFTs, or engage with dApps without juggling multiple wallets or complex bridging procedures.
This level of interoperability reflects Bitso’s commitment to creating a unified financial experience that evolves with the needs of its community.
Learning from Global Trends While Forging a Local Path
As global exchanges like Coinbase explore launching their own app chains to enhance performance and user experience, Bitso is closely monitoring these developments. While Vogel did not confirm plans for Bitso to launch its own blockchain, he acknowledged the potential benefits.
“We’ve done some good things around user experience,” Vogel noted, adding that the company is actively exploring how emerging tools can make crypto interactions “more interesting and easier” for its users.
Rather than chasing every technological trend, Bitso appears focused on incremental innovation—delivering practical solutions that solve real-world problems for Latin American users, such as high transaction fees, slow settlement times, and limited access to DeFi opportunities.
👉 See how next-gen wallets are redefining security and usability in the evolving Web3 ecosystem.
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These terms reflect high-intent search queries related to cryptocurrency accessibility, security innovations, and regional market growth—all central themes in understanding Bitso’s latest offering.
Frequently Asked Questions (FAQ)
Q: What is a self-custodial wallet?
A: A self-custodial wallet gives users full control over their private keys and funds. Unlike custodial services (like exchanges), no third party holds or manages your assets—increasing security and financial autonomy.
Q: Is the Bitso Web3 wallet available to all users?
A: Yes, the wallet is being rolled out to all Bitso customers across Latin America. Users can access it via the mobile app or web platform after completing standard verification steps.
Q: Can I connect my Bitso Web3 wallet to external dApps?
A: Absolutely. The wallet supports connections to popular decentralized applications across supported EVM chains, enabling interaction with DeFi protocols, NFT marketplaces, and gaming platforms.
Q: Does Bitso charge fees for using the Web3 wallet?
A: There are no additional fees from Bitso for using the wallet itself. However, standard network gas fees apply when conducting transactions on supported blockchains.
Q: How does MPC technology improve wallet security?
A: MPC eliminates the need for seed phrases by splitting private keys into encrypted fragments stored separately. This prevents single-point breaches and makes recovery easier without sacrificing decentralization.
Q: Will Bitso expand support to non-EVM blockchains?
A: While current support focuses on EVM-compatible networks, future updates may include additional chains based on user demand and ecosystem development.
Final Thoughts: Bridging Two Worlds for Mass Adoption
With its new Web3 wallet, Bitso isn’t just launching a product—it’s advancing a vision where centralized reliability meets decentralized freedom. By combining MPC-based security, multi-chain functionality, and an intuitive user experience, the exchange is paving the way for broader Web3 adoption in emerging markets.
As Latin America continues to embrace digital finance, platforms like Bitso play a crucial role in educating users, reducing complexity, and providing trusted infrastructure. The launch of this Web3 wallet marks a significant milestone—not only for the company but for the entire region’s journey toward financial inclusion and innovation.