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6 Best Crypto Exchanges in Mexico
Want to buy or trade crypto in Mexico using MXN? After extensive testing, we selected the best crypto exchanges for Mexican users. This article covers platform features, pros and cons, and expert tips to help you get started.
By:
Reviewed By:
Updated: Oct 5, 2025
Mexico’s leading regulated exchange, deep MXN liquidity via SPEI transfers, and seamless local on- and off-ramping.
Trusted U.S. exchange with flawless security, direct MXN deposits and withdrawals via SPEI, and a full-featured Pro platform.
Instant fiat-to-crypto aggregator supporting MXN cards, bank transfers, and digital wallets.
Global derivatives leader with 700+ cryptos, up to 100x leverage, and advanced TradingView tools, now supporting MXN via bank and P2P.
Regulated U.S. platform with 100 million+ users, intuitive one-click buys, and rich educational tools for first-time Mexican investors.
Privacy-focused derivatives platform with 150x leverage, low fees, and advanced charting tools, allowing trading without mandatory verification.
How FXEmpire Chose the Best Crypto Platforms in Mexico?
- Regulation and Legal Status: We prioritized exchanges registered with Mexico’s CNBV and compliant with the Fintech Law. This ensures stronger legal protection and adherence to AML/KYC standards.
- MXN Support: We evaluated each exchange’s support for Mexican Pesos, prioritizing those that offer seamless deposits and withdrawals via local bank transfers (SPEI), bank cards, and digital wallets.
- Local user support: We looked at platforms that offer their platforms in Spanish, support KYC with local documents, and have features that cater directly to Mexican users. This makes onboarding smoother and ensures a better experience for Mexican traders.
- Security and Transparency: We evaluated security features like cold storage, two-factor authentication, anti-phishing codes, and Proof of Reserves to ensure strong asset protection and platform reliability.
- Trading Tools and Interface: We considered the availability of Lite Modes for beginners, along with advanced trading tools and features for experienced traders. This ensures suitability for first-time investors and experienced traders alike.
- Crypto Selection: We evaluated security features like cold storage, two-factor authentication, anti-phishing codes, and Proof of Reserves to ensure strong asset protection and platform reliability.
- Low Fees: We reviewed maker-taker fees, fiat transfer costs, and spreads, ranking platforms with low, transparent pricing the highest.
- Tax Reposting Tools: We checked if each exchange offers downloadable trade histories, automated summaries, and integration with local tax programs, simplifying Mexican tax compliance and saving users time.
Best Crypto Exchanges in Mexico Comparison Table
| Exchange | Ranking | Taker/Maker | Available Crypto | Accepts Fiat | Payment Methods | KYC |
|---|---|---|---|---|---|---|
Bitso | 3.1 Read Review | 0.099% / 0.095% | 60 | Yes | +2 | No KYC Required |
Kraken | 4.2 Read Review | 0.4% / 0.25% | 472 | Yes | +3 | Yes |
Paybis | No Rating Read Review | 4.5% / 4.5% | 0 | No | +6 | Yes |
Bybit | 4.6 Read Review | 0.1% / 0.1% | 519 | Yes | +2 | Yes |
Coinbase Exchange | 4.1 Read Review | 1.2% / 0.6% | 314 | Yes | +6 | Yes |
Blofin | 3.8 Read Review | 0.6% / 0.6% | 412 | No | +8 | No |
Best Overall
- 60Available Crypto
- Payment Methods
- FeesLow
Why We Picked It
Bitso, launched in 2014, is Mexico’s first crypto exchange and the leading regulated platform in Latin America. Built for Latin American users, it offers seamless onboarding and a trusted environment for trading. Its strong local integration makes it the top choice for Mexican users.
- Direct MXN Support: Bitso directly supports MXN deposits via bank transfer (SPEI), offering users fast and fee-free funding. Users can also withdraw MXN free of charge via SPEI, debit card, or mobile phone transfer.
- Deep MXN Liquidity: As the most popular local exchange, Bitso offers the deepest liquidity for MXN trading, which ensures minimal slippage when converting between MXN and crypto. It also offers MXN stablecoins, letting users store their funds digitally with minimal friction.
- Regulatory Compliance: Bitso is fully licensed by Mexico’s financial authorities, as well as regulatory authorities across the Latin American region.
Pros and Cons
Pros
- 130+ spot markets
- Supports MXN (bank transfer, bank card)
- Low trading fees (0.1% spot)
- Offers staking & free deposits
- Licensed in Mexico
Cons
- No leverage trading
- $6,000 monthly withdrawal limit
- Fewer markets than global exchanges
Best for MXN Deposits and Withdrawals
- 472Available Crypto
- Payment Methods+1
- FeesHigh
Why We Picked It
Kraken is one of the oldest and most trusted crypto exchanges, with no security breaches since its launch in 2011. Popular in the US and Europe, it now supports Mexican pesos, allowing users in Mexico to deposit and withdraw in MXN without high card or currency conversion fees.
- Direct MXN Support: Kraken directly supports MXN deposits and withdrawals using SPEI, offering Mexican users fast transfers with much lower fees compared to deposits via bank card.
- Dedicated Basic & Pro Platforms: Kraken offers dedicated Basic and Pro platforms. Beginners can use the basic Kraken platform to easily start investing in crypto, while Kraken Pro is built for serious traders with a range of advanced tools.
- Security & Trust: Kraken holds 95% of assets in cold storage, publishes regular Proof of Reserves, and meets high security standards through third-party audits and certifications.
Pros and Cons
Pros
- 600+ spot & 340+ futures markets
- Supports MXN via SPEI and a bank card
- Deep liquidity across trading pairs
- Transparent Proof of Reserves
- Industry-leading safety & security
Cons
- Not directly licensed in Mexico
- No P2P, bot, or copy trading
Best for Quick Buy
No Rating Available
- -Available Crypto
- Payment Methods+4
- Fees-
Why We Picked It
Paybis is a global platform that simplifies buying crypto with fiat. Unlike traditional exchanges, it is an instant exchange aggregator focusing on simplicity and fast fiat-to-crypto transactions rather than advanced trading features. Operating since 2014, it is popular among beginners making their first crypto purchase purchase.
- Direct MXN Support: Paybis supports MXN transactions using Bank Transfer (SPEI), Bank Card, Revolut Pay, and Paysafe Card. This offers greater flexibility for users to choose a convenient payment method that might not be supported on traditional exchanges.
- Beginner Friendly: Paybis allows users to make their first purchase without completing a full registration. This speeds up the process for first-time buyers, as well as making it easier for beginners.
Pros and Cons
Pros
- 90+ spot markets
- Supports MXN (bank transfer, bank card, digital wallets)
- Non-custodial service
- Transparent fees
Cons
- Higher trading fees
- No crypto-to-crypto trading
- Limited crypto selection
Best for Advanced Trading
- 519Available Crypto
- Payment Methods
- FeesLow
Why We Picked It
Bybit is one of the most popular exchanges in the world, popular for providing professional-grade derivatives trading, deep liquidity, and advanced trading tools. It offers a wide range of spot and futures markets, with up to 100x leverage, making it perfect for advanced Mexican traders.
- Professional-Grade Platform: Bybit offers an advanced trading platform with TradingView integration, a range of conditional order types, and up to 100x leverage.
- Robust API & Copy Trading: Bybit provides a powerful API that supports algorithmic and high-frequency traders, while also offering a comprehensive copy trading platform for less experienced traders to copy top-performing traders.
- MXN On-Ramping: Bybit directly supports MXN deposits via bank transfer, as well as through its One-Click Buy and P2P platforms, which enable deposits and withdrawals using bank cards, local banking apps, and digital wallets.
Pros and Cons
Pros
- 740+ spot & 620+ futures markets
- Supports MXN (bank transfer, bank card & P2P)
- Deep liquidity across trading pairs
- Low trading fees (0.1% spot)
- Transparent Proof of Reserves
Cons
- No free deposit options
- Not directly licensed in Mexico
Best for Beginners
- 314Available Crypto
- Payment Methods+4
- FeesHigh
Why We Picked It
Coinbase is a US-based, publicly traded company and one of the world’s most well-known crypto exchanges. Its bank card feature allows users to quickly and easily make their first purchase without needing to enter bank details or wait for deposits, making it ideal for beginners.
- Beginner-Friendly Interface: The Coinbase mobile app and website are designed for simplicity, offering features like one-click purchases, recurring buys, and an intuitive interface that is easy to navigate.
- Educational Resources: Coinbase offers a range of tutorials, guides, and quizzes to help beginners learn the fundamentals of cryptocurrency in an engaging and informative manner. It also offers short videos that make it even easier for new users to learn about crypto.
- Regulation & Trust: Coinbase is one of the most recognizable names in crypto, offering security measures including FDIC insurance on USD balances, 2FA, biometric authentication, and regulations in the US and Europe.
Pros and Cons
Pros
- 320+ spot & 180+ futures markets
- Beginner-friendly interface
- Offers staking and a range of educational resources
- Leading regulatory compliance & trust
Cons
- Doesn’t directly support MXN
- No public Proof of Reserves
Best Non-KYC Exchange
- 412Available Crypto
- Payment Methods+6
- FeesLow
Why We Picked It
Founded in 2019, Blofin has quickly gained popularity as a leading derivatives platform and one of the few exchanges that doesn’t require identity verification. This makes it a top choice for privacy-focused users and active traders looking to trade without KYC.
- No Mandatory KYC: Blofin lets users deposit, trade spot, derivatives, and even make fiat-to-crypto transactions without having to submit any identity verification documents. This makes it perfect for Mexican traders who focus on privacy and want to remain anonymous.
- Advanced Trading Platform: Blofin offers up to 150x leverage, advanced order types, and TradingView charting, catering to experienced users and technical traders.
- Low Trading Fees: Blofin charges 0.1% on spot trades and 0.02%/0.06% maker/taker fees on futures.
Pros and Cons
Pros
- 600+ spot & 440+ futures markets
- Supports MXN (bank card)
- Low trading fees (0.1% spot)
- Transparent Proof of Reserves
- No mandatory KYC
Cons
- No Lite Mode for beginners
- No P2P trading
- No P2P trading
How to Choose the Best Crypto Exchange for Mexican Traders?
What Are Mexico’s Crypto Regulations?
Cryptocurrencies are legal in Mexico. However, they are not recognized as legal tender. The regulation of digital assets is centered around Mexico’s Fintech Law, which came into force in 2018. This law defines what constitutes digital assets and explains how they are regulated. It also permits licensed platforms to offer digital asset services, similar to VASPs in other regions.
Crypto regulation in Mexico is handled by several agencies:
- CNBV (Comisión Nacional Bancaria y de Valores): Grants licenses to financial institutions and exchanges.
- Banxico (Bank of Mexico): Oversees the definition and classification of digital assets.
- Ministry of Finance (SHCP): Responsible for taxation, financial oversight, and enforcing AML/CTF compliance.
As of 2025, Mexico is also working on updating its fintech framework to align with global best practices, though crypto remains largely unregulated for retail usage beyond trading and investment.
What Crypto Taxes Do I Need to Pay in Mexico, and How?
Yes, crypto profits are taxable in Mexico. The Servicio de Administración Tributaria (SAT) treats crypto profits as part of an individual’s annual income, meaning:
- Capital gains from trading, selling, or converting crypto to fiat must be reported.
- Tax rates range from 20% to 35%, depending on your total income bracket.
There is no fixed crypto-specific tax rate yet, but profits are classified as miscellaneous income under current SAT guidance.
Which Exchanges Support MXN Deposits?
| Payment Method | Transaction Fee | Processing Time | Supported Exchanges |
| Bank Transfer (SPEI) | Free | Instant | Bitso, Bybit, Kraken |
| Bank Card | Up to 4% | Instant | Paybis, Bybit, Blofin |
| Apple/Google Pay | Up to 4% | Instant | Paybis, Bybit, Blofin |
| Digital Wallets | Free | 15mins (via P2P) | Bybit |
Not all exchanges offer direct MXN deposits, but many support P2P trading with local payment methods like SPEI, OXXO, or digital wallets.
How Do I Choose a Safe Crypto Exchange in Mexico?
Safety and security should be top of your list when looking for an exchange. We suggest looking for the following features:
- Regulation: Choose exchanges licensed in Mexico or other major regions globally.
- Reputation: Research past security breaches and the exchange’s transparency practices.
- Asset Custody: Choose platforms that offer insurance coverage, hold assets in cold storage, and hold third-party security certifications (such as ISO or SOC).
- Proof of Reserves: Look for exchanges with transparent Proof of Reserves, and those that publish regular security audits to verify solvency.
- Security Tools: The platform should support 2FA, biometric login, withdrawal whitelisting, and real-time activity alerts.
What Are the Typical Trading Fees on Major Platforms in Mexico?
Trading fees vary, with leading global exchanges charging the lowest rates. Local exchanges like Bitso use a spread-based fee structure on their basic platform, which is less transparent and more costly than their Pro platform.
| Exchange | Spot Fees (Maker/Taker) | Derivatives Fees (Maker/Taker) |
| Bitso | Spread-based (varies) | Not supported |
| Bitso Pro | 0.25% / 0.30% | Not supported |
| Bybit | 0.10% / 0.10% | 0.01% / 0.06% |
| Blofin | 0.10% / 0.10% | 0.02% / 0.05% |
| Kraken | 0.16% / 0.26% | 0.02% / 0.05% |
| Paybis | No trading, only buy/sell | Not supported |
What Should I Avoid When Choosing a Crypto Exchange in Mexico?
When choosing a platform to buy or trade crypto, we suggest staying away from exchanges with any of these red flags:
- Exchanges that are unlicensed or unregulated in Mexico or any other major region.
- Exchanges promising unrealistic returns.
- Exchange without transparent Proof of Reserves or security audits
- Exchanges with a long history of past security breaches and loss of customer funds
- Poor customer support or unresolved complaints
FAQ
Are Crypto Exchanges Legal in Mexico?
Yes, crypto exchanges are completely legal in Mexico. However, they must be regulated with local authorities and comply with global AML/KYC laws.
Which Crypto Exchanges Are the Best in Mexico?
Bitso is the best overall exchange in the area, with features that cater directly to Mexican users. There is also a range of top global exchanges operating in Mexico, including Bybit, Kraken, Coinbase, and Blofin.
Can I Access Derivatives (Futures and Options) From Mexico?
Mexican regulations restrict local platforms from offering derivatives. However, global platforms like Bybit offer futures and options trading in Mexico.
Can I Use Mexican Pesos (MXN) to Trade on Crypto Exchanges?
Yes, exchanges like Bitso, Kraken, and Bybit support direct MXN deposits via SPEI transfer. Many platforms also offer P2P marketplaces where users can trade using various local payment methods.
Can I Use My Mexican Debit or Credit Card to Buy Crypto?
Yes, exchanges like Bybit, Paybis, and Blofin support bank card transactions, but fees are higher than using SPEI transfer.
Is P2P Trading Available in Mexico?
Yes, P2P is one of the most popular ways for Mexican users to buy and sell crypto for fiat currency. Exchanges like Bybit have active P2P marketplaces with hundreds of merchants that support a wide variety of payment methods.
Which Exchanges Are Best for Beginners in Mexico?
Bitso and Coinbase are ideal for beginners. Bitso offers local features and full Spanish support, while Coinbase provides a simple interface and smooth onboarding for first-time users.
Do I Need to Complete KYC to Use Crypto Exchanges in Mexico?
Yes, all regulated exchanges will require you to verify your identity before you deposit and start trading. However, exchanges like Blofin offer services without requiring identity verification, and it even lets you make fiat-to-crypto transactions without full KYC verification.
Can I Earn Interest With Crypto In Mexico?
Yes, Bitso and global exchanges provide earn products to users in Mexico, allowing them to stake or earn yield on crypto. Bitso offers “Earnings,” a flexible yield product ideal for beginners. Global platforms like Bybit offer a broader range of earn products designed for both beginners and experienced users.
About the Author
Shennon Hewaauthor
Shennon Hewa is a crypto trader and crypto journalist based in London. Active in the crypto space since 2017, he specializes in scalping, derivatives day trading, and swing trading. At FXEmpire, he has reviewed dozens of crypto exchanges and has extensive knowledge of platform strengths and weaknesses.
Why you can trust FXEmpire
At FXEmpire, we strive to provide unbiased, thorough, and accurate exchange reviews by industry experts to help our users make smarter financial decisions.
Why you can trust FXEmpire
Table of Contents
- List of Top Crypto Trading Platforms in Mexico
- How FXEmpire Chose the Best Crypto Platforms in Mexico?
- Best Crypto Exchanges in Mexico Comparison Table
- Best Overall
- Best for MXN Deposits and Withdrawals
- Best for Quick Buy
- Best for Advanced Trading
- Best for Beginners
- Best Non-KYC Exchange
- How to Choose the Best Crypto Exchange for Mexican Traders?
- FAQ