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You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
- Popular Exchanges to Buy Bitcoin in Mexico
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Coinbase- High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- "Instant Buy" option available with debit card
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Coinmama- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
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eToro- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Your capital is at risk.
We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Coinbase Popular Buy Bitcoin Read Review
Coinbase is the world's largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe (besides Germany), UK, Singapore, Canada, and Australia.
Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.
We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.
- High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- "Instant Buy" option available with debit card
- Purchases made with bank transfer can take up to 5 days to complete
- Coinbase may track how and where you spend your bitcoins
Coinmama Popular Buy Bitcoin Read Review
Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
- Some of the highest fees among credit/debit card bitcoin brokers
CEX.io Buy Bitcoin Read Review
CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately. CEX.io works in the United States, Europe, and certain countries in South America.
We may receive compensation when you use CEX.io. Please visit CEX.io for its exact pricing terms.
- Support for many countries and regions
- Low 0.2% trading fee
- Established and trusted exchange
- Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
- GBP market lacks liquidity
LocalBitcoins Popular Buy Bitcoin Read Review
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.
- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit
- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Kraken Buy Bitcoin Read Review
Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.
- Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
- Very low maker fee, falling to 0% with sufficient trading volume
- Highly-rated for security and data protection
- Requires ID verification, so not private
Airtm Popular Buy Bitcoin
Airtm offers a peer community. You can buy and sell dollars or crypto in exchange for other forms of value. The platform provides trust and transparency by authenticating users and establishing a higher degree of identity validation to the peers who facilitate the transactions. Airtm provides an escrow system, so that value exchanges are fair and are completed as agreed.
- Many payment methods available
- Low fees for South American countries
- Not private since identity verification is required
Bitex Popular Buy Bitcoin
Bitex.la is a Bitcoin exchange and broker which services many South American countries, including Brazil, Mexico, Argentina, Chile, Peru and Uruguay. You can fund your exchange account with cash or AstroPay.
- Many payment methods available
- Low fees for South American countries
- Bitex brokers the sale of large amounts of bitcoin
- Not private since identity verification is required
Bitso Buy Bitcoin
Bitso is a Bitcoin exchange based in Mexico. You can fund your account with SPEI Transfer or via cash deposit using Oxxo or any 7-Eleven in Mexico. They offer additional withdrawal methods.
- Trusted exchange; backed by investors in the United States
- Multi-sig security measures SPEI payment method is fast and without fees
- Not private since identity verification is required
- Offers a web wallet but this is not ideal for bitcoin storage
Volabit Popular Buy Bitcoin
Volabit is a Bitcoin exchange based in Mexico. You can fund your account via online bank transfer or by cash deposit at any 7-Eleven, Farmacias Benavides, Farmacias del Ahorro, or Extra.
- Volabit fees are low at 0.8%, although the deposit methods all come with various fees
- Popular option with over 35,000 Mexican users
- Not private since identity verification is required
- Offers a web wallet but this is not ideal for bitcoin storage
Bitcoin ATMs Buy Bitcoin
You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.
- Our map makes it super easy to find a Bitcoin ATM near you
- Bitcoin ATMs often have 5-10% fees per purchase
Bitit Buy Bitcoin Read Review
Bitit lets you purchase bitcoin online with a 3DS-enabled credit/debit cards or with cash via Neosurf, Flexepin (coming soon) and Cashlib vouchers, available in over 150,000 local stores across Europe.
We may receive compensation when you use Bitit. Please visit Bitit for its exact pricing terms.
- Unique way of purchasing offers extra privacy over other methods
- 8% Neosurf fee is slightly better than Coinhouse's 10%
- Available in 50 countries
- €10,000 initial weekly Neosurf cash payment limit
- Bitcoin gift cards also available; more expensive than other options
- In-person buying methods offer more privacy but can be confusing
- Identity verification required for buying amounts over €25
- €500 initial weekly credit/debit card limit
Mycelium Local Trader Buy Bitcoin
Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.
- Easy and cheap way to buy bitcoins with cash
- Private way to buy bitcoins, no personal information required beyond cellphone number
- Users in sparsely populated areas will have trouble finding sellers
How to Buy Bitcoin in Mexico
Before you buy Bitcoin in Mexico, do yourself a favor and invest in a hardware wallet to store your cryptocurrency.
Mexico is known to have one of the largest problems with cybersecurity in South and Central America, making it a prime target for hackers to steal your Bitcoin.
And yes, the Bitcoin network is immutable, safe from any malicious intent (aside from a 51% attack). However, the centralized exchange from which you buy your Bitcoin is not secure.
Furthermore, some exchanges don't even have built-in wallets, in which case you'll need a wallet anyway. There are tons of wallets out there, ranging from desktop software wallets to apps for IOS devices.
But if you want the most secure form of storage to protect your Bitcoin, we recommend a trusted hardware wallet like the Ledger Nano S or a Trezor wallet.
Once you have your wallet, you can choose from one of the popular exchanges listed above. While you could use a popular exchange like Coinbase or Coinmama, it may be best to choose an exchange based in Mexico like Bitso or Volabit that focuses on Central and South American users.
Mining Bitcoin in Mexico
While most people opt to buy Bitcoin from an exchange or directly from someone else, some instead choose to mine their Bitcoin.
All Bitcoin in circulation was created by miners, although the supply of Bitcoin is running out as the rate of new Bitcoin created per block is halving.
Mining is more cumbersome than buying it from an exchange, as you need powerful hardware, an understanding of blockchain, and patience.
Unfortunately, mining profitability is not what it used to be thanks to increasing block difficulty, not to mention Bitcoin's retracement from its all-time high in 2017.
However, Bitcoin mining in Mexico is far more profitable than in the United States and Canada thanks to their extremely cheap electricity.
Mexicans pay roughly 1.6 Pesos per kWh (0.07 USD), nearly half of United States' electricity prices. If you use a profitability calculator, you'll see that using the same mining hardware is more profitable in Mexico than in the US.
Despite having cheap electricity, mining in Mexico may use more power than mining in colder climates, effectively negating the advantage of lower electricity costs in the first place.
This increase in power consumption is due to Mexico's climate, which is hot. Using a lot of ASIC miners will create a ton of heat, on top of the already arid Mexican climate. An advanced cooling system will likely be necessary, using even more electricity than usual.
If you just want to acquire Bitcoin without the hassle of setting up and running mining hardware, buying Bitcoin from a Mexican-friendly exchange is the easiest and fastest way.
