Summary: This guide outlines the easiest way for Mexican investors to buy Bitcoin and other cryptocurrencies in Mexico. If you want to purchase cryptocurrencies in Mexico you need to go through a secure cryptocurrency exchange like eToro.
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Where is the best crypto exchange in Mexico?
The best cryptocurrency investing platform in Mexico is hands down eToro as it offers low fees, multiple asset classes and is a secure exchange. eToro supports multiple digital assets including cryptocurrencies, stocks, indices, ETFs, currencies & commodities. It is regulated in a number of countries including the UK, Cyprus, Australia, and is widely regarded as one of the safest cryptocurrency platforms.
How to buy Bitcoin and Crypto in Mexico
Buying Bitcoin and cryptocurrencies is an easy and quick process when you use eToro. In the example below we will deposit USD via Credit/Debit card but you can also use PayPal, Bank Transfer, Neteller, Skrill, & Rapid Transfer. Follow the steps to get started.
- Sign up to the eToro exchange and complete the verification
- Select ‘Deposit Funds’ on the home page and Click ‘Credit/Debit Card’
- Fill in your details and the amount of USD you wish to invest
- Type ‘Bitcoin’ in the search bar, enter the amount you want to buy and click ‘Open Trade’
Buying Crypto & Bitcoin Fees
When you buy cryptocurrencies through a cryptocurrency exchange, you will typically be charged two fees, the deposit & trading fee. eToro does not charge Mexican users any fees when they deposit funds onto the platform. Mexican users will only need to pay the trading fee which is a flat 1% of every trade you make.
Most exchanges will charge around $10USD to deposit funds and some exchanges like Coinbase charge up to 3.5% in trading fees. In addition to low trading fees, eToro offers 0% commission on stocks & ETFs.
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 eToro.
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.
Is eToro safe?
Yes, eToro is considered a safe exchange and is regulated in multiple countries by the Cyprus Securities & Exchange Commission (CySEC), Financial Conduct Authority (FCA), Markets in Financial Instruments Directive (MiFID) and Australian Securities and Investments Commission (ASIC).
The exchange has been operating since 2007 and is the oldest cryptocurrency investing platform in the world, it has never been subjected to any cyber attacks. All users funds are stored offline in cold storage and are insured by tier 1 banks.