Where Does Peanut Work?

Peanut is available everywhere — there is no country list to check. Deposits and withdrawals in digital dollars work in every country except a short list of restricted ones. What varies by region is which local rails are available: bank deposits and withdrawals, and local QR spending. The US and Europe have no hard limits, while Latin America has a $2,000/month limit that can be increased. No local ID is required anywhere — a passport or national ID from any country is accepted.

Full Local Spending

These countries have local payment methods for spending at merchants:

Argentina

• Mercado Pago QR — pay at 1M+ merchants instantly
• Exchange rate: cripto dólar (direct digital-dollar-to-ARS, typically 2–11% better than MEP rate)
• Rate locks at moment of payment — no slippage
• Monthly limit: $2,000 USD (can be increased)
• No DNI required — foreign passport accepted

Brazil

• Pix QR — pay at any Pix-accepting business, 24/7/365
• Works at restaurants, supermarkets, gas stations, online stores, Uber, 99, hotels, and street vendors
• Exchange rate: market rate (digital dollar transactions avoid the IOF tax, saving 0–3.5% vs traditional methods*)
• Monthly limit: $2,000 USD for locally verified users (can be increased)
• Foreign users without local verification: $2,000 per transaction
• No CPF required — foreign passport accepted

Tax notes on this page are general information, not tax advice — consult a tax professional about your own situation.

Bank Deposits & Withdrawals

United States

• ACH — 1–3 business days, free
• Wire — deposits only, 1–5 business days, free from Peanut (your bank may charge $25–80); wire withdrawals are not supported
• No hard limit; transactions above $100,000 may trigger additional review

Europe (the SEPA Zone)

• SEPA — EUR only, 90% of transfers arrive in under 20 minutes, free
• Covers Germany, France, Spain, Portugal, Italy, the Netherlands, Austria, Belgium, Ireland, Finland, Greece, and the rest of the SEPA zone
• No hard limit; transactions above $100,000 may trigger additional review

United Kingdom

• Faster Payments — GBP, settles in seconds 24/7/365 (sort code + account number)
• SEPA — UK banks retain SEPA membership for EUR transfers; same terms as the rest of Europe
• No hard limit; transactions above $100,000 may trigger additional review

Mexico

• SPEI bank deposits and withdrawals in MXN, settles in seconds 24/7/365 (CLABE-based)
• No hard limit; transactions above $100,000 USD trigger manual review
• CoDi QR merchant payments coming soon

Argentina, Brazil & Rest of Latin America

• Bank deposits and withdrawals available via our banking partners
• Combined monthly limit: $2,000 USD across all fiat operations
• Limit can be increased with additional documentation — contact support
• Countries: Argentina, Brazil, Colombia, Peru, Costa Rica, and more

Crypto — Worldwide

Crypto deposits and withdrawals work everywhere with no limits and no verification required.

Supported networks: Solana, Arbitrum, Base, Tron, Polygon, Ethereum

Accepted for deposit:

• USDC — primary currency, 1:1 on Arbitrum, market rate on other networks
• USDT — auto-converted to USDC at market rate
• ETH — auto-converted to USDC at market rate; accepted on major EVM networks (Arbitrum, Base, Ethereum, Polygon, Optimism, BNB, Katana)

BTC, SOL, and DAI are not supported — unsupported tokens are not credited to your balance (contact support; some can be recovered).

Gas fees are covered by Peanut. No minimum deposit. Minimum withdrawal: $1.

Local Spending on the Roadmap

Digital dollar deposits and withdrawals already work in these countries, like everywhere else. Local spending methods are planned:

Peanut Card

Peanut Card — a virtual card, accepted wherever Visa is accepted. Spend your Peanut balance online, in apps, or in person by adding the card to Apple Pay or Google Pay. The card is currently in closed beta and is rolling out gradually through a waitlist. Some users may be eligible to skip the waitlist — check your eligibility at peanut.me/shhhhh. Identity verification is required, and the card is subject to eligibility requirements.

Verification

• Not required for crypto deposits, crypto withdrawals, or browsing the app
• Required for bank deposits, bank withdrawals, QR payments, and the Peanut Card (all cardholders)
• Photo ID + selfie via Sumsub — takes under 2 minutes
• Any nationality accepted — no local ID needed (no DNI, CPF, etc.)
• You must be 18+ and an individual (no business accounts)

Restricted Countries

Peanut is not available in: North Korea, Iran, Cuba, Syria, Crimea, Russia, Belarus, and Myanmar.