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How to Buy Bitcoin and Crypto in Mexico

How to Buy Bitcoin and Crypto in Mexico

Adrian Graham
Fact Checked
Sep 23, 2022

Key Takeaways: There are many reputable cryptocurrency exchanges to choose from in Mexico. But we recommend not using a Mexican exchange and using a global cryptocurrency investing platform instead. The reason being that they're more secure and tend to offer more tokens through the platform.

This guide outlines the easiest and most affordable way for Mexican investors to buy Bitcoin and other cryptocurrencies. If you want to purchase cryptocurrencies in Mexico you need to go through a secure cryptocurrency exchange like Bybit. Bybit is the largest futures trading exchange in the world and offers 100x leverage on derivatives trading.

Table of Contents

Best Exchange in Mexico

Platform Highlights

  • Trade over 700 Cryptos with up to 100x leverage.
  • Instant Mexican Pesos (MXN) Deposits with zero trading fees.
  • NFT Marketplace, IDO Launchpad & other features.

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.

Bybit Exchange Welcome Offer.
Bybit Exchange Welcome Offer.

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.

  1. Sign up to the Bybit exchange with your email address and create a password.
  2. Go to the 'Buy Crypto' tab and select 'Fiat Deposit', then deposit funds to Bybit.
  3. Type ‘Bitcoin’ in the search bar, input the amount you want to buy and tap 'Buy BTC'.
How to buy Bitcoin and Crypto in Mexico.
How to buy Bitcoin and Crypto in Mexico.

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.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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