Crypto Banks
How to Buy Crypto with BBVA Bancomer

How to Buy Crypto with BBVA Bancomer

Fact Checked
March 9, 2023
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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.

Based on our analysis of over 30 platforms, we found that Bybit was the best exchange for MXN deposits from Bancomer Bank. Their platform offers instant MXN transfer to trade over 400 cryptocurrencies with low fees on their trusted and regulated exchange. Bybit is one of the largest platforms in the world with over 10 million users.

Table of Contents

Best Platform for BBVA Bancomer

Platform Highlights

  • Instant MXN deposits from BBVA Bancomer via Bank Transfer, Debit Card, Credit Card, BBVA & STP.
  • Buy, sell and trade 400+ Cryptocurrencies for low fees via Spot, Futures & Options trading.
  • Non-KYC exchange with audited proof-of-reserves that show customer funds are backed 1:1.
Bybit - BBVA Bancomer
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Audited Proof of Reserves
Audited Proof of Reserves

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?

As outlined above, safest and easiest way to buy Cryptocurrencies from Mexico with a BBVA Bancomer account is with Bybit. Their platform is available in Spanish,English and 20 other languages and offers fast, cheap and secure MXN deposits from BBVA Bancomer. Customers can trade and stake over 400 cryptocurrencies with industry-leading fees starting at 0.1% per trade.

You can get started with this simple 4 step guide:

  1. Create a free account on Bybit and complete the sign up process.
  2. Tap 'Buy Crypto', then 'One-Click Buy' and select 'MXN' as your currency.
  3. Select a deposit method and the crypto you want to invest in.
  4. Input the amount you want to buy and click 'Buy'.
Buy Crypto BBVA Bancomer
Buy Crypto BBVA Bancomer.

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.

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.

BBVA Bancomer
BBVA Bancomer Online Banking.

Final Thoughts

In conclusion, BBVA Bancomer customers cannot directly purchase cryptocurrencies through their online banking platform. However, they can withdraw Mexican Peso (MXN) to a regulated cryptocurrency exchange. Bybit is a recommended platform to buy and trade digital assets with fast and secure MXN deposits from BBVA Bancomer. While BBVA Bancomer has not made an official statement regarding its cryptocurrency policy, there are no restrictions on its customers engaging in the digital asset ecosystem. It's recommended that customers consult their account manager before making large withdrawals or deposits to a cryptocurrency exchange.

Dylan Matthews

Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.

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