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How to buy Crypto with Banorte Bank

How to buy Crypto with Banorte Bank

Karen Tren
Fact Checked
Nov 6, 2022

Summary: Banco Banorte does not directly offer cryptocurrency trading and investing through its online banking platform.  However, clients can utilize their online banking login credentials to set up an account with a third-party crypto broker or exchange to deposit Mexican Peso (MXN).

We recommend eToro because they offer fast and cheap MXN deposits for Banorte account holders to trade over 70 Cryptos and over 7,000 Stocks, ETFs and more.

Table of Contents

Best Crypto Exchange for Banco Banorte

Platform Highlights

  • Fast and Cheap Mexican Peso (MXN) deposits from Banco Banorte accounts.
  • Globally licensed and regulated crypto exchange with over 18 million users.
  • Trade 80+ Cryptos and over 8,000 Stocks, ETFs, Currencies and Commodities.

Does Banco Banorte offer Crypto?

Banorte Bank in Mexico does not currently support cryptocurrency wallets, or crypto buying and selling through their platform. This is because Banco Banorte does not have the necessary banking infrastructure required to support digital asset trading features.

That said, Banco Banorte does allow its customers to create an account with a National Banking and Securities Commission Mexico regulated cryptocurrency exchange to buy crypto. Through this method, customers will withdraw Mexican Peso (MX) from their Banorte Bank account to the crypto broker account to invest in digital assets.

How to buy Crypto with Banorte Bank?

The best way to buy Crypto in Mexico with Banorte Bank is with the eToro trading platform.  eToro is a fully regulated broker which offers fast and cheap MXN deposits for Banorte account holders to trade thousands of assets with low fees.

To get started, follow this simple 4 step 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.
Banco Banorte Crypto
Buy Stocks, ETFs and more with eToro via Banorte Bank.

Banorte Bank Crypto Policy

Banco Banorte's position on cryptocurrency has been made clear in their online banking terms and conditions. The bank has not banned any type of cryptocurrency transaction whether it be buying, selling, transferring, or receiving digital assets.

About Banco Banorte

Banco Banorte is a Mexican bank founded in 1899. It is one of the oldest and most prestigious banks in Mexico. Banco Banorte has a long history of serving the Mexican people and is one of the largest banks in the country. The bank offers a wide range of banking products and services to its customers, including savings and checking accounts, loans, credit cards, and investment products. Banco Banorte is a publicly traded company listed on the Mexican Stock Exchange.

Banorte Bank

Banorte Bank is one of the leading banks in Mexico with a strong focus on providing excellent customer service. The bank has a wide network of branches and ATMs across the country. Banco Banorte also has a robust online banking platform that offers a wide range of features and services to its customers.

Banco Banorte is committed to helping its customers reach their financial goals. The bank offers a wide range of financial products and services that can help its customers save for their future, buy a home, finance their education, and more. Banco Banorte is a trusted partner for Mexicans looking to build a better future for themselves and their families.

For more information about Banco Banorte, please visit their website at www.bancobanorte.com.mx.

Karen Tren

Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.

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