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