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How to buy Crypto with BBVA Bancomer

How to buy Crypto with BBVA Bancomer

Dylan Matthews
Fact Checked
Oct 14, 2022

Summary: BBVA Bancomer does not directly offer cryptocurrency trading and investing through its online banking platform. Customers will need to sign up to a regulated trading platform in Mexico to deposit MXN and buy crypto assets like Bitcoin and Ethereum.

We recommend a broker like eToro which offers fast and cheap MXN deposits from Bancomer Bank to trade over 70 cryptos and thousands of Stocks, ETFs and more.

Table of Contents

Best Crypto Exchange for BBVA Bancomer

Platform Highlights

  • Fast and Cheap MXN deposits from BBVA Bancomer online banking
  • Licensed and Regulated in Mexico to provide crypto brokerage services
  • 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities with low fees

Can I buy Crypto with BBVA Bancomer?

The short answer is no, BBVA Bancomer bank customers cannot buy Cryptocurrencies like Bitcoin, Ethereum and Solana directly through their online banking account. This is because BBVA Bancomer has not built the necessary bank infrastructure to support digital asset wallets and a secure trading environment.

That said, BBVA Bancomer does allow its customer to withdraw Mexican Peso (MXN) from their accounts to National Banking and Securities Commission Mexico (CNBV) regulated cryptocurrency platforms.

How to buy Crypto with a Bancomer account online?

The safest and easiest way to buy Cryptocurrencies from Mexico with a BBVA Bancomer account is with eToro. Their platform is available in Spanish and English and offers fast, cheap and secure MXN deposits from BBVA Bancomer. Customers can buy over 70 cryptos including BTC, ETH, SOL, DOGE, AVAX and many others.

You can get started with 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 Bancomer Bank 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.
Buy Crypto, Stocks and more with BBVA Bancomer via eToro.

BBVA Bancomer Digital Assets Policy

BBVA Bancomer in Mexico does not have any cryptocurrency policies which prohibit its customers from engaging in the digital asset ecosystem.  However, we recommend that customers check with their account manager before making any large withdrawals or deposits of over USD 100,000 to a cryptocurrency exchange.

About BBVA Bancomer

BBVA Bancomer is a Mexican financial institution and one of the largest banks in Mexico. The bank was founded in 1932 as Banco de Comercio. In 1993, it merged with Banco Bilbao Vizcaya, and adopted its current name in 2002. As of March 2014, BBVA Bancomer has 1,716 branches and 4,868 ATMs across Mexico. The bank also has a presence in Spain, the United States, and China.

BBVA Bancomer

The bank offers a wide range of banking products and services for individuals, small businesses, and large corporations. These include checking and savings accounts, credit cards, loans, mortgages, and investment products. The bank also has a number of digital channels through which clients can access their accounts and conduct transactions, such as online banking, mobile banking, and ATMs.

Bancomer is committed to helping its clients achieve their financial goals. The bank offers a number of programs and services that aim to educate and empower clients to make sound financial decisions. These include free financial literacy seminars, one-on-one counselling sessions with experts, and a dedicated team of financial advisors.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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