A detailed review outlining the best crypto exchanges in Mexico. Learn about the leading platforms and compare their fees, features, security, customer support, and more to determine which is best for your crypto trading and investing needs.
Summary of 5 Best Crypto Exchanges in Mexico
In Mexico, experts recommend using exchanges regulated by financial authorities for legally and securely buying, selling, and trading Bitcoin and other cryptocurrencies. By depositing Mexican pesos via bank transfers, debit/credit cards, or other payment methods, individuals can invest in digital assets.
For beginners starting their crypto journey in Mexico, we’ve assessed the top 5 platforms:
- Bitso – Best Overall Crypto Exchange in Mexico
- Bitfinex – Most Secure Exchange
- Crypto.com – Best for Beginners
- Coinbase – Top Institutional Exchange
- Binance – Lowest Trading Fees
Bitso Overview
Rated the top crypto exchange in Mexico, Bitso offers a smooth user experience alongside robust security. It supports 59 cryptocurrencies with competitive fees:
- Maker fees: 0.10%
- Taker fees: 0.17%
Bitso allows fast Mexican peso deposits and withdrawals through:
- SPEI bank transfers
- Debit/credit cards
- P2P trading
It has beginner-friendly purchase limits of $25,000 MXN daily. Additional features include:
- Secure 97% cold storage system
- User-friendly mobile app (iOS, Android)
- 24/7 live chat and email support
Why we like Bitso:
- Great all-around crypto trading platform in Mexico
- Regulated Mexican exchange with strong security
- Low fees and purchase limits suitable for beginners
- Multiple fiat currency options for Mexican users
Bitfinex Overview
Emerging as one of the most security-focused exchanges, Bitfinex requires full KYC verification and two-factor authentication. It supports 140+ cryptocurrencies with competitive fees:
- Taker fees: 0.10% – 0.20%
- Maker fees: 0.00% – 0.10%
Bitfinex allows swift Mexican peso deposits and withdrawals through domestic bank transfers. Additional features include:
- Dedicated account managers
- 24/7 customer support
- 100% cold storage backed by insurance
Why we like Bitfinex:
- Robust security protocols and features
- Insurance protection for crypto assets
- High liquidity from institutional trading volumes
- Advanced tools for seasoned investors
Crypto.com
Exchange Known as an ideal exchange for beginners, Crypto.com offers a straightforward platform and educational resources for new investors. It supports 250+ coins with variable fees:
- Taker fees: 0% – 0.40%
- Maker fees: 0% – 0.20%
Fees are based on 30-day trading volume. Crypto.com allows Mexican peso deposits/withdrawals through domestic bank transfers. Additional features include:
- Beginner-focused mobile apps
- 24/7 customer support availability
- Allow-listing tools for coin discovery
Why we like Crypto.com:
- Easy-to-use exchange tailored for beginners
- Educational crypto resources for new users
- Growing altcoin support as platform expands
- Solid security features including cold storage
Coinbase Exchange
Used widely among institutional crypto investors, Coinbase provides advanced trading tools, high liquidity, and insurance protection for cash balances. It supports 100+ coins with fixed fees:
- Taker fees: 0.50%
- Maker fees: 0.50%
Coinbase accepts Mexican peso deposits/withdrawals through domestic bank transfers. Additional features include:
- Comprehensive documentation
- Phone support availability
- iOS and Android apps
Why we like Coinbase:
- Leading exchange for professional crypto investors
- Robust features for complex analysis and trades
- Responsive account management for institutions
- Strong backing from trusted American exchange
Binance Exchange
Known for having some of the lowest global trading fees, Binance charges a flat 0.10% per buy/sell trade. It offers fast deposits/withdrawals of Mexican pesos through domestic bank transfers. Additional features include:
- Leading spot and derivatives exchange
- Supports 600+ cryptocurrencies
- Secure Asset Fund for Users (SAFU)
Why we choose Binance:
- Very low 0.10% trading fee rate
- Support for 600+ altcoins and tokens
- Advanced trading features for active investors
- Strong track record as top global exchange
How to Buy Crypto in Mexico
Follow this beginner’s guide for legally and securely purchasing cryptocurrencies in Mexico:
- Select a reliable, regulated exchange (e.g. Bitso)
- Register an account and complete KYC verification
- Deposit Mexican pesos via bank transfer, cards, etc.
- Buy desired crypto coins/tokens
- Withdraw to a secure wallet for optimal safety
Legality and Regulation of Crypto Investing in Mexico
Cryptocurrency adoption and investment is fully legal for Mexican citizens. However, crypto exchanges and related financial institutions fall under regulations enacted by Mexico’s financial authorities. There are also important Mexican tax policies that crypto investors must understand.
Is Crypto Legal in Mexico?
Yes, cryptocurrency is completely legal in Mexico. While not considered an official currency, there are no restrictions under Mexican law for citizens buying, selling, holding, or trading cryptocurrencies like Bitcoin and Ethereum. Major global exchanges operate legally in the country.
How is Crypto Taxed in Mexico?
In Mexico, capital gains from crypto investing are subject to Mexico’s capital gains tax law. Gains made from selling/trading crypto are taxed at an individual’s income rate, up to 35% based on net profits.
These taxes in Mexico apply to crypto trades sold for more than initial purchase cost in pesos. Recording investing activity is necessary for accurate tax reporting and payments owed on investment income.
Smaller personal crypto transactions may fall under tax-exempt thresholds. Understanding exact obligations per Mexico’s crypto tax policies prevents penalties for non-compliance.
Conclusion
Using secure, regulated crypto exchanges is vital for Mexicans to safely access the market’s potential. Compare our top recommendations to determine the optimal platform for your investing approach, coin preferences, and fee tolerance. Adhering to laws and taxation policies allows you to tap crypto’s upside without legal repercussions.
FAQs:
Which crypto exchange is best to use in Mexico?
The top overall exchange for most investors in Mexico is Bitso for its strong security, low fees, smooth user experience, and support for 59+ coins.
Does Mexico allow Binance?
Yes, Binance operates legally in Mexico. It charges some of the lowest global trading fees at just 0.10%, making it ideal for active crypto traders.
Is cryptocurrency legal in Mexico?
Yes, cryptocurrency is completely legal for Mexican citizens. While not considered legal tender, there are no restrictions on investing or trading crypto assets within Mexico’s regulated exchanges.
Does Coinbase accept customers from Mexico?
Yes, the Coinbase exchange is available to users in Mexico. It accepts domestic bank transfers for fast Mexican peso deposits and withdrawals.
