Buy Bitcoin & Crypto in Mexico
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Mexico is not one of the first countries to come to mind when one thinks about Bitcoin and cryptocurrency. However, due to its onerous banking restrictions, especially with regard to international remittance, many are turning to Bitcoin. Many Mexican residents have family in the US or Canada who send money back home to them. When that becomes difficult with fiat, Bitcoin is an obvious choice.
LocalBitcoins daily trading volume in Mexico is .... The current price of Bitcoin is .... There are ... Bitcoin ATMs available to Mexico residents. And ... businesses accept Bitcoin in Mexico.
Most Popular Exchanges in Mexico
Coinmama
Founded 2013
Coinmama allows users to easily and quickly make bitcoin purchases from almost anywhere in the world using many different payment methods, including credit cards.
Kraken
Founded 2011
Started in 2011, Kraken was one of the first Bitcoin exchanges. Founder Jesse Powell started the exchange after helping with MTGOX's 2011 crisis/hack. It was during this experience that Jesse realized the importance of security for a bitcoin exchange. Determined to do better, Jesse started what would become Kraken later that year. As a testiment to the focus on security, Kraken has never been hacked and remains of the of top Bitcoin exchanges in the world.
Binance
Founded 2017
Binance's US arm has fewer currency pairs than thier main exchange, but still has a solid offering. They offer fiat on and off ramps as well, allowing you to get new money into the market quickly.
Bitcoin & Cryptocurrency Trading in Mexico
The cryptocurrency exchange you use will depend on what your goals are. Some people buy only bitcoin, while some buy many cryptos. Some trade, while some buy and hold.
We'll outline some of the best options for each type of buyer and trader.
Top Cryptocurrency & Bitcoin Exchanges in Mexico
Founded 2013
Coinmama Popular
Founded 2013Coinmama Popular
Coinmama allows users to easily and quickly make bitcoin purchases from almost anywhere in the world using many different payment methods, including credit cards.
Visit Site MorePROS
CONS
Supported Fiat:Yes
Payment methods include:Credit Card Debit Card Wire Transfer
Headquarters: Israel
Ease of Use
Super easy
Privacy
Low
Speed
Super fast
Fees
Medium
Reputation
Excellent
Limits
-
Founded 2011
Kraken Popular
Founded 2011Kraken Popular
Started in 2011, Kraken was one of the first Bitcoin exchanges. Founder Jesse Powell started the exchange after helping with MTGOX's 2011 crisis/hack. It was during this experience that Jesse realized the importance of security for a bitcoin exchange. Determined to do better, Jesse started what would become Kraken later that year. As a testiment to the focus on security, Kraken has never been hacked and remains of the of top Bitcoin exchanges in the world.
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CONS
Supported Fiat:Yes
Payment methods include:Debit Card Bank Transfer Cash BACs Chaps
Headquarters: San Francisco, USA
Ease of Use
Super easy
Privacy
Low
Speed
Slow
Fees
Low
Reputation
Excellent
Limits
Medium
Founded 2017
Binance Popular
Founded 2017Binance Popular
Binance's US arm has fewer currency pairs than thier main exchange, but still has a solid offering. They offer fiat on and off ramps as well, allowing you to get new money into the market quickly.
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CONS
Supported Fiat:Yes
Payment methods include:Credit Card Debit Card Bank Transfer Wire Transfer
Headquarters: San Francisco, USA
Ease of Use
Easy
Privacy
Low
Speed
Super fast
Fees
Low
Reputation
Average
Limits
High
Best Bitcoin Wallet for Mexico
Bitcoin wallets are just software or hardware, so the truth is that wallets can work in any country.
However, we've highlighted some Bitcoin wallets we think would be good for Mexico users here.
Trezor Model T
Secure storage with high res color touch screen
Read ReviewThe Trezor Model T is perfect for long term holders of many coins. It's full color high resolution touch screen makes it easy to navigate and advanced features make it the most secure hardware wallet
Ledger Nano X
Secure Storage with Bluetooth Functionality
Read ReviewThe Ledger Nano X is great for traders who need to access their coins on the go. The on-board bluetooth functionality allows you to access your coins on your mobile device.
Electrum
Multi-feature desktop wallet that works with hardware wallets.
Visit WebsiteElectrum is a Bitcoin-only desktop wallet that offers many advanced features for higher level users. It is best paired with a hardware wallet.
More Bitcoin Exchanges in Mexico
Most Popular Exchanges in Mexico
Coinmama
Founded 2013
Coinmama allows users to easily and quickly make bitcoin purchases from almost anywhere in the world using many different payment methods, including credit cards.
Kraken
Founded 2011
Started in 2011, Kraken was one of the first Bitcoin exchanges. Founder Jesse Powell started the exchange after helping with MTGOX's 2011 crisis/hack. It was during this experience that Jesse realized the importance of security for a bitcoin exchange. Determined to do better, Jesse started what would become Kraken later that year. As a testiment to the focus on security, Kraken has never been hacked and remains of the of top Bitcoin exchanges in the world.
Binance
Founded 2017
Binance's US arm has fewer currency pairs than thier main exchange, but still has a solid offering. They offer fiat on and off ramps as well, allowing you to get new money into the market quickly.
Founded 2013
Cex.io
Founded 2013Cex.io
Since its founding in 2013, CEX.io has never lost any user funds. As a pioneer in credit card payments for crypto, CEX has kept it easy to access and buy coins. Since it supports 99% of all counties,you can use CEX no matter where you are to buy and sell your favorite crypto assets
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CONS
Supported Fiat:Yes
Payment methods include:Credit Card Debit Card Bank Transfer SEPA SWIFT
Headquarters: London, GBR
Ease of Use
Easy
Privacy
Low
Speed
Slow
Fees
Medium
Reputation
Good
Limits
High
Founded 2014
BitMEX
Founded 2014BitMEX
Started by commodities trader Arthur Hayes in 2014, BitMEX quickly became the leading place to make leveraged bets on the price of bitcoin. Thier unique Bitcoin only depoist/withdraw system, along with top notch security have continued to set it apart from challengers.
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CONS
Supported Fiat:No
Payment methods include:Bitcoin
Headquarters: SYC
Ease of Use
Easy
Privacy
Low
Speed
Super fast
Fees
Low
Reputation
Excellent
Limits
Unlimited
Founded 2011
BTCC
Founded 2011BTCC
As the oldest exchange in China, BTCC has a good reputation that only longevity can earn. Easy fiat on and off ramps and many cryptocurriencies to trade continue to make BTCC China's premere exchange
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CONS
Supported Fiat:Yes
Payment methods include:Credit Card Debit Card Coin Payments Wire Transfer
Headquarters: Hong Kong, China
Ease of Use
Easy
Privacy
Low
Speed
Slow
Fees
Low
Reputation
Good
Limits
High
Founded 2012
LocalCryptos
Founded 2012LocalCryptos
LocalCryptos is a Peer to Peer exchange that escrows funds, allowing two parties to trade cryptocurriences with no prior knowledge of each other.
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CONS
Supported Fiat:Yes
Payment methods include:Credit Card Debit Card Bank Transfer Coin Payments Cash
Headquarters: Richmond, Australia
Ease of Use
Average
Privacy
High
Speed
Slow
Fees
Low
Reputation
Good
Limits
-
Founded 2006
eToro
Founded 2006eToro
eToro was started before bitcoin existed, however it recently has added bitcoin and cryptocurrency trading to its platform. Now it is one of the most trusted places to buy, sell and trade various cryptocurriencies. It's large platform allows it to have low fees and spreads.
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CONS
Supported Fiat:Yes
Payment methods include:Bank Transfer
Headquarters: UK
Ease of Use
Easy
Privacy
Low
Speed
Slow
Fees
Low
Reputation
Excellent
Limits
Unlimited
Founded 2014
Bittrex
Founded 2014Bittrex
Founded in 2014, Bittrex was a mainstay of crypto trading during the 2017 bull market. It has many cryptocurrency paiirs and now even allows Fiat on boarding.
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CONS
Supported Fiat:Yes
Payment methods include:-
Headquarters: Seattle, Washington, USA
Ease of Use
Average
Privacy
Low
Speed
-
Fees
Low
Reputation
Good
Limits
Medium
Founded 2015
Bitit
Founded 2015Bitit
EU based exchange supporting 15 different fiat trading pairs and dozens of coins beyond Bitcoin. This is one of the more established exchanges with a long track record and a clean UI that is easy for newbies and veterans alike.
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CONS
Supported Fiat:Yes
Payment methods include:Credit Card Bank Transfer Cash Cash Libs Wire Transfer
Headquarters: Paris, FRA
Ease of Use
Easy
Privacy
Low
Speed
Slow
Fees
Low
Reputation
Average
Limits
Medium
Founded 2011
Paymium
Founded 2011Paymium
Paymium is one of the oldest exchanges in Europe. It is compliant with all EU regulations and is extremily well trusted. Paymium is based in France and supports several payment methods, including SEPA transfers and credit card purchases.
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CONS
Supported Fiat:-
Payment methods include:Credit Card Bank Transfer SEPA SWIFT Apple Pay
Headquarters: Paris, FRA
Ease of Use
Easy
Privacy
Low
Speed
Super fast
Fees
Low
Reputation
Good
Limits
High
Founded 2007
BestChange
Founded 2007BestChange
BestChange is a specialized online e-currency exchange service that monitors rates for dozens of popular conversion pairs in near real-time and offers one-click access to lists of reliable e-currency exchangers capable of helping you complete your transaction quickly and efficiently.
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CONS
Supported Fiat:Yes
Payment methods include:-
Headquarters: RUS
Ease of Use
Average
Privacy
High
Speed
-
Fees
High
Reputation
Excellent
Limits
-
The history of Bitcoin in Mexico
As of 2017, Bitcoin is legal in Mexico. However, it didn’t start out that way.
Over the years, Bitcoin has gained popularity as hundreds of thousands of Mexican citizens have been actively investing in the cryptocurrency as a result of the high returns it has offered since its introduction to the country.
Currently, Mexican legislation places some restrictions on Bitcoin use, but overall, the Bank of Mexico has stated that it allows cryptocurrencies as a means of payment, but not as legal tender––which is similar to most other countries accepting of Bitcoin.
The current status of Bitcoin in Mexico
With the rising popularity of crowdfunding companies and cryptocurrency payment platforms in Mexico, the National Banking and Securities Commission (CNBV) enacted the Fintech Law in order to reduce fraud, scams, and money laundering events that may occur within these technologies.
In 2018, Mexico took things one step further by enacting a new law that sought to regulate all financial technology companies specializing in the buying or selling of Bitcoin and other virtual assets to the general public. The legislation basically states that it is up to the discretion of the Bank of Mexico (Banxico) to determine what constitutes a ‘virtual asset’, ensuring that trading and mining only occurs via authorized platforms that are supervised by the CNBV.
Since the Bank of Mexico does not recognize Bitcoin and other cryptocurrencies as legal tender, nor does it support Bitcoin’s value the way it does with the Mexican peso, it also, interestingly, chooses not to interfere with Bitcoin’s general operations. However, the State does maintain the right to classify and de-authorize any operation that is found to be doing so illegally.
Some of the most popular exchanges for buying Bitcoin in Mexico include Bitso, Volabit, and Coinmama.
