Buy Bitcoin & Crypto in Mexico

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

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 & Crypto in Mexico
  • 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.

  • Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
  • Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card

eToroeToro Buy Bitcoin Read Review

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

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.

We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.

Pros
  • Offers unique copy trading feature
  • Trusted echange that has been active in traditional finance
  • Interface is clean and easy to use
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

CoinmamaCoinmama 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.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

CoinbaseCoinbase 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.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

CEX.ioCEX.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.

Pros
  • Support for many countries and regions
  • Low 0.2% trading fee
  • Established and trusted exchange
Cons
  • Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
  • GBP market lacks liquidity
Ease of Use
Average
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

KrakenKraken 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.

Pros
  • 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
Cons
  • Requires ID verification, so not private
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

LocalBitcoinsLocalBitcoins 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.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • 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
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

AirtmAirtm 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.

Pros
  • Many payment methods available
  • Low fees for South American countries
Cons
  • Not private since identity verification is required
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

BitexBitex 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.

Pros
  • Many payment methods available
  • Low fees for South American countries
  • Bitex brokers the sale of large amounts of bitcoin
Cons
  • Not private since identity verification is required
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

BitsoBitso 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.

Pros
  • Trusted exchange; backed by investors in the United States
  • Multi-sig security measures
  • SPEI payment method is fast and without fees
Cons
  • Not private since identity verification is required
  • Offers a web wallet but this is not ideal for bitcoin storage
Ease of Use
Average
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

VolabitVolabit 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.

Pros
  • Volabit fees are low at 0.8%, although the deposit methods all come with various fees
  • Popular option with over 35,000 Mexican users
Cons
  • Not private since identity verification is required
  • Offers a web wallet but this is not ideal for bitcoin storage
Ease of Use
Average
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

Bitcoin ATMsBitcoin 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%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Bitcoin

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Bitcoin & Cryptocurrency Trading in Mexico


Mexico is at the forefront of financial tech innovation in Latin America, coming in at number one with 238 fintech-related startups. Brazil (219) and Colombia (124) round out the top three.

Recently, the fintech sector in Mexico has seen official regulation. In 2018, the Ley Fintech, as it was called, was passed with the support of the Comisión Nacional Bancaria y de Valores (CNBV). The CNBC came out in favor of the law, which simplified and updated regulation around online financial services including crowdfunding services and cryptocurrency trading platforms.

In addition to a clear legal framework, Bitcoin enthusiasts in Mexico enjoy a wide range of available services. There are a number of international exchanges available locally (including Coinbase) and some solid homegrown offerings such as Bitso and Bitlem (see below for our reviews).

As Bitcoin's popularity and acceptance grows, the cryptocurrency could fulfill a number of important roles in Mexican industries, from the cutting edge of financial technology to remittance payments.


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Top Bitcoin & Cryptocurrency Exchanges in Mexico


Mexico has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Bitcoin & Crypto in Mexico
  • 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.

  • Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
  • Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card

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Best Bitcoin Wallets for Mexico



There are three main types of Bitcoin wallet and all of them are supported in Mexico:

Best for Security

Ledger Nano X

Secure storage for any cryptocurrency

Visit Website

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

Atomic Wallet

Best for storing crypto for short period of time

Learn More

Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.

Best for Desktop

Electrum

Simple yet powerful desktop wallet

Learn More

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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More Bitcoin Exchanges in Mexico


Bitso

Bitso is the largest Mexican exchange, serving over 80,000 customers in Mexico and more than half a million across Latin America. Bitso offers a full suite of trading products, including a beginner-focused offering as well as Bitso Alpha, which is targeted to advanced and professional traders.


bitso alpha
Bitso Alpha

With 206 BTC of 24 hour trading volume on the BTC/MXN pair, there is ample liquidity for small to medium sized traders and investors.

As proof of its commitment to broadening its services across Latin America, Bitso also has a Bitcoin/Argentine Peso (ARS) trading pair.

Bitso allows you to fund your trading account via bank (SPEI) transfers, or via OXXO Pay.



Bitso's mobile app is available on the Apple App Store as well as the Google Play Store.

Depending on the specific trading pair, Bitso's fees range from very competitive to relatively high.

Fees for Mexican peso (MXN) markets - i.e. BTC/MXN, ETH/MXN, etc. - start at 0.65% for taker orders on accounts with less than 1,500,000 MXN 30 day trading volume.

BTC market - i.e. ETH/BTC - fees start at 0.098% and go as low as 0.05% for traders with >950 BTC 30 day trading volume.

Taker fees on Argentine Peso (ARS) markets start at 0.6% for taker orders and 0.3% for maker orders.

Cryptocurrency deposits are free of charge. Withdrawals can be somewhat pricey - withdrawing DAI to an external wallet currently incurs a fee of 4.56 DAI - though this is not far above the industry average.

See here for a full breakdown of Bitso's fees.

Bitlem

Bitlem is a Mexico City based exchange.

Bitlem's head office, which also houses a physical over-the-counter trading desk, is just across the road from the Mexican stock exchange (la Bolsa Mexicana de Valores). Clients can walk in and buy Bitcoin in a face to face transaction with a real person, something which the company says is appreciated by many first time Bitcoiners.


What the majority of new people to the Bitcoin ecosystem want are security, trust and customer support. This is why we decided that it was important to launch our company with an office and telephone lines open to the public. This way, our clients come to our office or call us to ask questions or to find help to solve their doubts and problems; and above all, buy and sell Bitcoins with the confidence that they will always have a human face willing to help them.

Jorge Chavez Martinez General Director, Bitlem

With 0.1% fees on all trades, telephone support, and a professional traders' platform, Bitlem is going after all corners of the market.




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FAQ


Does Coinbase work in Mexico?

Coinbase is available in Mexico.

Mexican users can buy cryptocurrencies and convert between them. Credit and debit cards are the only supported payment methods, meaning no bank transfers or PayPal.

Where Can I Find a Bitcoin ATM in Mexico?

Bitcoin ATMs are a convenient way to buy and sell Bitcoin and other cryptocurrencies for cold hard cash. This method usually incurs relatively high (5-10%) fees, but that's the price to be paid for the convenience of getting cash for your Bitcoin in less than half an hour.

Many ATM operators publish live prices for their machines, so you can see the exact rate you'll get before even visiting the ATM.

Some will require you to complete identity verification, though for many this is as simple as confirming a phone numer.

Our Bitcoin ATM Locator lists 10 Bitcoin ATMs in Mexico. Mexico City is home to four Bitcoin ATMs, Culiacán two, and Guadalajara, Monterrey, Santiago de Querétaro and Tijuana one each.



What Is the Price of Bitcoin in Mexico?

The best way to check the price of Bitcoin in Mexico is to go the your exchange of choice and check the price in your local currency that Bitcoin last sold for. The price of an asset is just this - the value of the compensation for which it was most recently exchanged. This price differs across markets, i.e. one exchange may have a slightly lower or higher price depending on varying barriers to entry and liquidity. So, the price that most matters is the one you can actually trade at. This is most likely to be the price on the exchange you use the most.



See above for a list of the best Bitcoin exchanges in Mexico.

There are also a range of websites such as CoinMarketCap and Nomics that list the prices of hundreds of digital assets, drawn from a range of exchanges and averaged out.

Can I Buy Bitcoin in Mexico Using PayPal?

Yes, there are a number of ways to buy Bitocin in Mexico using Paypal.

However, there are a number of things to take into account when buying Bitcoin with PayPal.

PayPal is notorious for payment disputes, meaning sellers often add large markups to offset the risk of having the payment reversed. Also, varying slightly depending on you and the counterparty's countries of origin, there will be a roughly 3% fee to take into consideration.

Peer-to-peer marketplaces such as Local Bitcoins, Paxful, and LocalCryptos all support PayPal as a payment method.



Sellers' terms of trade are often more restrictive for buyers using PayPal than other payment methods.



That sums up the major P2P marketplaces where you can buy Bitcoin using PayPal. Be sure to thoroughly read the terms of trade before opening one, and check the seller's price of Bitcoin vs the spot price as the markup can sometimes be drastic.




eToro is another option for those in Mexico looking to buy Bitcoin using PayPal. eToro is an online stocks and crypto brokerage which allows you to fund your account using PayPal, as well as Skrill and Netteller. Once your account is funded, you're free to trade all supported assets on the platform, including Bitcoin, Ethereum, XRP, and Litecoin.

Can I Buy Bitcoin With Cash In OXXO Stores?



Yes, you can buy Bitcoin using cash in OXXO stores.

OXXO is a non-bank post-payment platform that allows users to pay for online services at any of the 18,000 OXXO stores in Mexico. At checkout, a customer can select OXXO and receive a barcoded document that represents the balance owed. This voucher is valid for three days, and can be paid in cash at any OXXO store.

The simplest way to buy Bitcoin using an OXXO invoice is to create an account with Bitso, a Mexico-based exchange with more than half a million customers in Latin America.



Once you've opened an account, you can deposit pesos to your balance using OXXO. Then, purchase Bitcoin or any other supported asset (ETH, BAT, MANA, TUSD, XRP, LTC, BHC, and GNT).

Deposits using Oxxo take less than a minute to appear in your account and are subject to a 2.6% fee by Bitso plus IVA.



If for whatever reason you do not wish to open an exchange account, there are other ways to buy Bitcoin using OXXO.

Paxful is a peer-to-peer (P2P) marketplace where you can buy and sell Bitcoin with other individuals.



There are a number of people selling Bitcoin for OXXO Pay.



When using P2P exchanges, be sure to always read the counterparty's terms of trade, and always use the platform's escrow service.

How Do I Send Money to Mexico Using Bitcoin?

Bitcoin - as an unconfiscatable digital asset that is accessible wherever there is internet - is ideal for remittances.

The process of sending Bitcoin from one address to another is identical regardless of where the sender and recipient are located. There are no extra steps required that make sending Bitcoin internationally any different to sending it next door.

Likewise, the blockchain fee you will need to pay in order to have your transaction sent is the same, whether you're sending to the other side of the world or just another of your own wallets.

Check out our guide on how to send a Bitcoin transaction.

Are There Any Bitcoin Debit Cards Available in Mexico?

Bitcoin debit cards are a very convenient product born from the combination of the crypto world and legacy finance. They allow you to load crypto (almost always Bitcoin, and often with other supported assets like ETH or DAI) and spend it anywhere that debit cards are accepted. If the crypto is not automatically converted to fiat at the time of payment, you will need to pre-convert it, usually within your card provider's app.

Most cards issued are Visas, though recently MasterCard has been accelerating its offerings in the space and in July partnered with Wirex - a well-established crypto card service.

There are a range of providers out there, and most of their products are relatively similar. As card issuers generally take the same cut of transaction fees - with their share called the interchange - there is little room for much difference on pricing, fees, etc. Differences arise more often based on the country in which the parent company is located.

This means that it's mostly a matter of picking which provider best serves your locality.

That said, not all card issuers serve Mexico. Options are more limited than in the US or EU, with Europe especially being spoiled for choice with options like non-custodial decentralized payment providers.

Available in Mexico

Bitpay Coming soon
Cryptopay No
MCO No
Revolut No
Uquid Available to existing Uquid customers in Mexico
Wirex No

Bitpay's offering will be hard to beat once it is released, while Uquid's debit card is the only option in Mexico right now. With Revolut's recent expansion into the U.S., it's worth keeping your fingers crossed that Mexico will be the next market for the fintech pioneer.

How Do I Cash Out Of Bitcoin in Mexico?

The abovementioned Bitcoin debit cards allow you to withdraw cash from any ATM.

Bitcoin ATMs are another way to exchange your BTC for fiat currency.



Perhaps the most straightforward way is to use any exchange that has a BTC/MXN trading pair, such as Bitso or Bitlem, which are reviewed above. You can sell your Bitcoin for pesos, and then cash out those pesos to your bank account.

Local Bitcoins and other P2P exchanges are another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.



As selling Bitcoin for fiat currency is usually considered a taxable event, you'll want to make sure you comply with local regulations regarding taxation of capital gains. Check out our guide to the best cryptocurrency tax software to help you maximize your profits.