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How to buy Crypto or Bitcoin with Banamex

How to buy Crypto or Bitcoin with Banamex

Andrew Chen
Fact Checked
Oct 21, 2022

Summary: Banamex does not offer cryptocurrency investing on its online banking platform Bancanet. This means you cannot log in to your Banamex account and buy Cryptos like Bitcoin and Ethereum directly.

Banamex customers will need to register with a licensed crypto broker like eToro to invest in 80 digital assets and thousands of Stocks & ETFs with Mexican Peso (MXN).

Table of Contents

Best Crypto Exchange for Banamex Bank

Platform Highlights

  • Fast and Cheap MXN deposits from Banamex Bancanet and debit cards or credit cards
  • Licensed and Regulated in Mexico to provide crypto brokerage services
  • 80+ Cryptos and over 8,000 Stocks, ETFs and more with low fees

Can I buy Cryptocurrencies with Banamex Bancanet?

The Banamex Bancanet banking platform does not support cryptocurrency trading or cryptocurrency wallets. This is because Banamex has not built the infrastructure that is necessary to support digital asset trading within their bank.

However, Banamex customers in Mexico can still buy cryptocurrencies with their bank account, but they will need to find a National Banking and Securities Commission Mexico licensed exchange to get started.

How to buy Bitcoin or Crypto with Banamex

The best way to buy cryptocurrencies in Mexico with a Banamex account is with the eToro trading platform.  eToro is a social trading and investment platform that allows users to trade stocks, ETFs, forex pairs, and over 70 cryptocurrencies. eToro is licensed by the National Banking and Securities Commission in Mexico and offers Banamex customers the ability to deposit and withdraw Mexican Pesos (MXN) from their eToro account.

You can get started with this simple guide:

  1. Create an account: Sign up to the eToro platform and verify your identity (personal or company).
  2. Fund your account: Select the 'Deposit Funds' button on the bottom of your screen to deposit funds from Klarna or an alternative method.
  3. Find Crypto: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
  4. Execute your trade: Input the fiat amount you want to buy and execute your trade.
Invest in digital assets from Banamex Bancanet with eToro.

Banamex Cryptocurrency Policy

Banamex has not made an official statement about its policy on cryptocurrencies. However, it is safe to assume that Banamex supports cryptocurrency trading because they do not ban their customers from withdrawing MXN into digital asset trading platforms.

About Banamex

Banamex is one of the largest banks in Mexico and Latin America. Banamex offers a wide range of banking products and services to retail, corporate and institutional clients. Banamex has a long history dating back to 1884 when it was founded as Banco Nacional de Mexico. In 2000, Banamex was acquired by Citigroup, one of the world’s leading financial services companies.

Banamex Crypto

Banamex has a strong focus on providing excellent customer service, and its branches are located across Mexico. The bank also has an extensive network of ATMs, as well as online and mobile banking platforms.

In addition to its traditional banking products and services, Banamex also offers investment products, such as mutual funds and brokerage services. It also has a credit card division, which offers a variety of different credit cards with different rewards programs. Today, Banamex is a strong and stable institution that is well-positioned to continue serving its clients and contributing to the economic development of Mexico.

Andrew Chen

Former Bitcoin Maximalist turned multi-chain enjoyer. I hunt down the best yields across AVAX, Solana, Fantom and other networks.

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