Where is the best crypto exchange in Mexico?
Before choosing a cryptocurrency exchange, it's important to consider a few items including fees, security, support, features and assets. Popular exchanges like Coinbase charge high fees on the platform like a 3% trading fee. It's important to ensure that you choose an affordable and secure crypto exchange.
The best cryptocurrency investing platform in Mexico is hands down Bybit as it offers low fees, multiple cryptocurrencies and doesn't require KYC (verification). Bybit offers over 10 types of cryptocurrency staking options including single and double sided staking, flexible and fixed term staking plus liquidity pools and mining.
How to buy Bitcoin and Crypto in Mexico
Buying cryptocurrencies like Bitcoin and Ethereum is an easy and quick process when you use the Bybit exchange. On the Bybit platform users can deposit over 40 fiat currencies via Credit/Debit Card, Bank Transfer, SEPA, Revolut, Transferwise and Google Pay. Follow the steps below to get started.
- Sign up to the Bybit exchange with your email address and create a password.
- Go to the 'Buy Crypto' tab and select 'Fiat Deposit', then deposit funds to Bybit.
- Type ‘Bitcoin’ in the search bar, input the amount you want to buy and tap 'Buy BTC'.
Buying Bitcoin & Crypto Fees
When you buy cryptocurrencies through a cryptocurrency exchange, you will typically be charged two fees, the deposit & trading fee. Most exchanges will charge around $10USD to deposit funds and some exchanges like eToro charge 1% in trading fees. However on Bybit the fees are virtually non-existent.
This is because Bybit is currently offering zero trading fees to buy cryptocurrencies. There are fees to trade futures but to invest in crypto it is completely free. Additionally, there are no fees to deposit or withdraw from the Bybit platform. You can visit Bybit's fees here.
Can I buy crypto legally in Mexico?
Yes, it is perfectly legal to buy and sell cryptocurrencies in Mexico, there are many Mexican cryptocurrency exchanges like Bitso. However, these exchanges have limited cryptocurrencies available to trade and aren't considered very secure, that's why we recommend using Bybit.
In Mexico, Cryptocurrencies such as Bitcoin and Ethereum are recognized as a legitimate means of payment and transmission of value. This is according to the official notices issued by the Condusef (the National Commission for the Protection of Users of Financial Services) and the Bank of Mexico.