I will list the 7 best crypto exchanges in Mexico. We will also provide a brief overview of each exchange and discuss its benefits and drawbacks.
If you utilize cryptocurrencies, Mexico is a good location to be. The weather is fantastic, and there are several choices for traveling in and out of the Bitcoin environment.
Latin America, along with Southeast Asia and Africa, is a crucial Bitcoin adoption region for real-world use cases. While bitcoin is mostly utilized as a speculative investment in the Western world, Mexican individuals may go down to their local 7-11 to participate in the true Bitcoin revolution.
Key Takeaways
- What to look for in an excellent Mexican crypto exchange
- 7 Best Crypto Exchanges In Mexico
- Answers to some of the frequently asked questions on Crypto Exchanges In Mexico
What To Look For In An Excellent Mexican Crypto Exchange
In my hunt for the most acceptable Mexican crypto exchange, I consider various aspects. Here are a handful of the more notable ones:
Currencies supported:
The most acceptable Mexican crypto exchanges support at least 20 or 30 coins containing all significant currencies, such as Dogecoin, Ethereum, and Bitcoin.
Platforms that routinely launch new coins are more customer-focused, making this a vital sign of a forward-thinking exchange.
User interface:
Novices must select a platform with an easy-to-use trading interface. For tax purposes, a seasoned crypto investor should seek exchanges that include more complex features, such as advanced order types and transaction exporters.
Fees:
All cryptocurrency exchanges impose costs (in the form of trading commissions and bid-ask spreads), which vary widely. I’ve intentionally picked low-cost platforms to assist you in maximizing your revenues.
Regulation:
Trading on a well-regulated exchange is far safer than trading on an uncontrolled one, especially when markets are not moving in your favor.
Some exchanges also provide depositors’ insurance, which protects your assets even if the platform itself experiences liquidity concerns.
Deposit and withdrawal methods:
The exchange you pick should have a range of payment methods (bank transfers, debit/credit cards, PayPal, and so on) to allow you to move funds into and out of your account effortlessly. The more alternatives you have, the better.
Protection:
Look for a trading platform that rigidly enforces many levels of security, such as two-factor authentication and at least 95% cold storage.
Additional security features, including daily offsite backups, third-party security audits, and transaction email confirmations, increase the security of your account.
Customer service:
The most significant cryptocurrency exchanges take pride in having well-trained, responsive support staff that can assist users with any issues. I pay close attention to the channels each transaction provides assistance, response times, thoroughness, and helpfulness.
7 Best Crypto Exchanges In Mexico
Something you may not understand is that the bitcoin exchange you select is essential.
Your decision will influence your transactions’ success, how readily you can buy and sell coins, and if you can use them in Mexico. Here are my top suggestions for the most delicate cryptocurrency exchanges in Mexico.
1. Liquid
The liquid is ahead of many exchanges in terms of fees; for example, it does not charge fees for depositing any of the 10 accepted fiat currencies or the 100+ supported cryptocurrencies.
You pay network fees for crypto withdrawals (0.0005 BTC for Bitcoin), while the charge for currency withdrawals ranges from 0.1% to 0.55%, depending on your chosen method.
Liquid has a volume-based tiered maker/take fee scheme. The taker’s fee begins at 0.30% and can fall as low as 0.03%. (or even lower if you pay using QASH).
Maker’s costs start at 0.20%, and users may earn up to a 50% rebate by referring friends – when combined with the trading volume rebate, it’s pretty simple to list your cryptocurrency without paying fees.
Features
- Trading on margin
- Supports more than 100 cryptocurrencies
- Supports over ten fiat currencies
- Customer service is available 24/7.
- Leverage of up to 25x
- Policy for 95% cold storage
- Multi-party computation (MPC) protocols are used to secure the system.
Cost
- Maker’s Fees: 0.20% – 0.0% (based on 30-day trading volume)
- Fees for takers range from 0.30% to 0.03%. (based on 30-day trading volume)
- Crypto Deposit Fees: None
- Withdrawal Fee (Crypto): This varies depending on the cryptocurrency (0.0005 BTC for Bitcoin)
- Deposit Fees (Fiat): No Fee for Withdrawal (Fiat): ranging from 0% to 0.55% (depending on the method)
2. Gate.io
GateToken is an innovative incentive system on Gate.io (GT). GateToken, like Binance’s BNB Coin, may be acquired from any exchange, and if you hold GateTokens when buying or selling crypto, you get a big discount on the costs. The most significant value is obtained if you have 500 GT in your wallet.
As a new Gate.io customer, you can get a 30%-50% discount on all costs. You may join their ambassador program and recommend friends to get extra prizes if you have a large following.
Keep in mind that this incentive stacks with your GateTokens discount, and it’s worth noting that Gate.io does not accept fiat deposits.
Best for
- Existing crypto investors searching for a spot trading platform.
Features
- By holding GateToken, you may get discounts (GT)
- 1200+ coins are supported.
- Wallet storage, both cold and hot
- 2FA authentication and a password for withdrawal
Cost
- Makers’ fees range from 0.2% to 0.155%.
- Maker’s Fees (*If you own GT tokens): 0.15% to 0.116%
- Fees for takers range from 0.2% to 0.165%.
- Fees for Takers (*Holding GT tokens): 0.15% to 0.124%
3. OKCoin
OKCoin does not impose trading fees; instead, it employs a volume-based fee scheme in which makers pay 0.1% – 0.0% (depending on the previous 30-day trading volume), and takers pay 0.2% – 0.02% (also dependent on volume).
OKCoin is available globally and allows SEPA payment deposits in Europe and electronic cash transfers (through the ACH network) in the United States.
OKCoin’s staking platform is one of its most significant features, allowing investors to lock in one of the supported cryptos (for a specific duration) and earn up to 17% APY, depending on the asset (10% for BTC).
Fiat deposits made using debit cards are expensive – you might wind up paying up to 3.99% – therefore, it’s best to utilize an alternative deposit method if feasible.
Features
- Supports more than 70 coins
- Rapid verification procedure
- Set up dollar-cost averaging automated purchases.
- Android (4.1/5 rating) and iOS (4/5 rating) versions are available.
- OKCoin Earn (up to 10% annual percentage yield on BTC deposits)
Cost
- Trading costs nothing.
- 1% – 1.5% spread
- Makers’ fees range from 0.1% to 0.0%. (based on trading volume)
- Fees for takers range from 0.2% to 0.02%. (based on trading volume)
- Deposit Fees for Debit Cards: 3.99%
4. Changelly
It does not provide wallet services (you must link a wallet before you can acquire crypto) but instead seeks the best bargains for your crypto by indexing a variety of exchanges.
Changelly has over 3 million monthly users, is associated with crypto titans such as Binance, and crypto wallets like Trezor and Exodus, and provides very cheap fees beginning at 0.25%.
It supports 200 popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. You don’t need to complete a KYC verification to start trading, so that you can join up with only your email address.
Changelly accepts Visa, Mastercard, Apple Pay, and bank transfers as payment options. If you refer a friend, you may earn 2% on all fiat-to-crypto transactions and 0.125% on all crypto-to-crypto transactions.
Ideal For
- Investors seeking the best crypto offers with no KYC verification requirements.
Features
- Integration with a variety of cryptocurrency wallets
- 200 cryptocurrencies are supported.
- Customer service is accessible 24 hours a day, seven days a week, by live chat or email.
- Visa, Mastercard, Apple Pay, and bank transfers are all accepted.
Cost
- Account Registration:
- 0.25% Floating Rate Fee
- Fee for Fixed Rate: 0.25%
- Fees for Withdrawals: None
- Account management fees are waived.
5. Crypto.com
It is an excellent option for anyone looking to buy new altcoins before the masses do because it supports over 100 cryptocurrencies.
There are several features on Crypto.com that no other cryptocurrency exchange has. Users may trade options and futures contracts, earn interest by staking their money, and, when they are sure in a currency, utilize up to 10x leverage.
Crypto.com has also spent significantly on platform security, making dealing with them incredibly safe. The exchange is swift (prices update hundreds of times per second), giving day traders an advantage over the rest of the market.
Overall, Crypto.com is a reliable exchange for investors hoping to profit from the launch of new cryptocurrencies.
Ideal For
- Investors aim to buy altcoins and other emerging crypto assets before becoming famous.
Features
- Trading commissions on average (0.4%)
- Supports more than 100 cryptocurrencies
- Allows for up to ten times leverage.
- Trade cryptocurrency derivatives (futures and options contracts)
- Stake your coins to get daily interest.
- Buy newly listed coins at up to 50% discount.
- All cryptocurrencies are eligible for free deposits.
Cost
- Account creation is completely free.
- Fees for trading: 0.4%
6. CoinSmart
CoinSmart charges only 0.2% in trading fees. It supports 16 cryptocurrencies, promptly verifies accounts, takes pride in its professional customer care representatives, and offers a gorgeous, well-rated interface.
Multiple Canadian financial agencies authorize CoinSmart as a Canadian exchange, protecting your money safely and securely. CoinSmart is also a publicly listed business on Toronto’s NEO stock market, which means it is subject to annual third-party financial and security audits.
I’ve been using CoinSmart for over a year and have had nothing but positive experiences with them. I’ve used several other cryptocurrency exchanges on this list, and I believe CoinSmart is the greatest platform for most crypto investors.
Ideal For
- Investors wishing to trade stablecoins or altcoins with the lowest fees in the industry.
Features
- Trading costs are incredibly minimal (just 0.20% for each deal).
- Seven days a week, 24-hour customer assistance is offered by phone, live chat, or email.
- Account verification occurs immediately.
- 16 cryptocurrencies are supported.
- Instant deposits and withdrawals
- It is user-friendly for both new and seasoned traders.
- The 95% cold storage policy keeps your cryptocurrency extra safe.
Cost
- Account creation is completely free.
- Fees for trading: 0.20%
7. Capital
Every user is assigned a dedicated account manager who can be reached by email or phone at any time, which is one of the reasons Capital’s customer service team earns such high marks.
With Capital, deposits and withdrawals are always free, and trading commissions are never charged, whether you place spot or limit orders. Capital is ISO 27001 accredited for satisfying stringent information security requirements, making it a very secure trading platform.
The major disadvantage of Capital is that it might take several days to have your account validated because their verifications staff is currently overburdened with signups
Ideal For
- Investors seek the most pleasing overall cryptocurrency trading experience with no trading fees.
Features
- There are no trading commissions.
- Spreads are narrow (0.1% – 0.3%).
- Supports more than 100 cryptocurrencies
- Up to 500x leverage is possible (2x leverage on crypto)
- Fully functioning paper trading demo account
- Deposits and withdrawals are free using debit/credit cards, bank transfers, POLi, PayPal, Apple Pay, and other methods.
- You may contact your dedicated account manager at any time.
- Outstanding desktop trading platform
- Mobile app with a high rating (4.7/5 on both Apple and Google)
- The Australian Securities and Investments Commission has granted us a license (ASIC)
- ISO 27001 certification for exceedingly high information security requirements
Cost
- Fees for trading: 0%
- Spreads range from 0.1% to 0.3%.
- Deposits and withdrawals are both free.
Read also:
7 Best Crypto Exchanges In Germany
7 Best Crypto Exchanges In The Czech Republic
Top 10 Chinese Crypto Exchanges in 2022
Conclusion
Choosing the best cryptocurrency exchange in Mexico is difficult, considering the numerous alternatives available and the various services each provides. As ardent cryptocurrency traders, we closely monitor the movements of Mexico’s leading exchanges.
Competent Mexican crypto investors favor Capital due to its high degree of security and ease of usage. Capital’s costs are also exceptionally cheap, so if you’re searching for a safe, low-cost option to buy and sell cryptocurrency in Mexico, I can’t suggest Capital more.
FAQS
Which Crypto App Is Best In Mexico?
Coinbase makes buying, trading, and keeping bitcoin simple and secure. Sign up with Coinbase to effortlessly and securely manage your cryptocurrency. Now available in Mexico and over 100 countries worldwide.
Can You Trade Crypto In Mexico?
All of the standard cryptocurrency exchange services in Mexico, such as Coinbase and Kraken, are available.
Where Can Mexicans Buy Crypto?
In Mexico, Coinbase is available. Mexican users can buy cryptocurrencies and convert them. Only credit and debit cards are accepted as forms of payment; therefore, no bank transfers or PayPal.
Is Binance Allowed In Mexico?
On Buy Crypto with Credit/Debit Cards, Binance has introduced the Mexican Peso (MXN), Chilean Peso (CLP), Colombian Peso (COP), and Peruvian Sol (PEN). Users may purchase cryptocurrency on Binance.com using MXN, COP, CLP, and PEN using Credit/Debit Cards.
Can I Use Kraken In Mexico?
All of the standard cryptocurrency exchange services in Mexico, such as Coinbase and Kraken, are available.
Is Bitso Available In Mexico?
Bitso is the most prominent Mexican exchange, with over 80,000 clients in Mexico and over 500,000 in Latin America.
You can learn more from the video below:
About Author
- I am a professional article and e-book writer with 4 years of experience, I write on well research content on cryptocurrency, stocks, loans and finances.
Latest entries
- Credit/Debit CardsNovember 17, 202310 Best Virtual Credit Card Generators Online
- Credit/Debit CardsNovember 17, 2023How to Get and Activate UBA Dollar Card
- Credit/Debit CardsNovember 13, 2023How to Get, Activate and Use Opay Virtual Dollar Card
- Credit/Debit CardsNovember 13, 2023How to Get a Free Virtual Credit Card With Money
