How to Buy Cryptocurrency in Mexico

Buying cryptocurrency in Mexico

Buying cryptocurrency in Mexico Cryptocurrencies are so popular because they offer an easy way to transfer money, which is becoming increasingly more difficult to do in Mexico. The country has a long track record of struggling with tax evasion and money laundering, which is why the government implemented new fintech laws to supervise financial service providers in banking and private capital sectors. According to this law, financial institutions were banned from issuing or transferring cryptocurrencies to customers in any way. In reality, the regulations sounded worse than they were, as the government didn�t outright ban cryptocurrencies or deem them illegal. The trend of cryptocurrencies is rapidly gaining momentum in Mexico. Between September 2019 and May 2020, the trading volume of Bitso, Mexico�s lead crypto exchange, went up by 342%, according to Bitso reports. Earlier in 2020, Bitso reported that it had exceeded 1 million users on the platform, 92 % of them being Mexican.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Mexico. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below

Open a Bybit Account

Bybit

Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.

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