How to Buy Bitcoin in Mexico

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

We've listed the top crypto exchanges in Mexico. These exchanges offer the ability to buy crypto and Bitcoin in Mexico.

Key Takeaways

  • There are dozens of exchanges to buy bitcoins in Mexico.
  • Bitso, eToro and Coinmama are three of the best exchanges.
  • Coinbase does support receiving and sending crypto in Mexico, but NOT buying and selling.

CoinbaseCoinbase

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, UK, Singapore, and Canada.

Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.

Get $5 in free bitcoin after you sign up on Coinbase and make your first trade.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
  • Purchases made with bank transfer can take up to 5 days to complete
  • Coinbase may track how and where you spend your bitcoins
ease icon
Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
High

CEX.ioCEX.io

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.

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
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Ease of Use
Average
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Privacy
Low
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Speed
Average
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Fees
Average
reputation icon
Reputation
Trusted
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Limits
Average

PaybisPaybis

Paybis is a popular cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

Pros
  • 24/7 live support
  • Paybis has extremely high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods
Cons
  • No traditional order book for advanced traders
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

AirtmAirtm

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
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

BitexBitex

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 icon
Ease of Use
Hard
privacy icon
Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
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Limits
High

BitsoBitso

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
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Ease of Use
Average
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

VolabitVolabit

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 icon
Ease of Use
Average
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

Bitcoin ATMsBitcoin ATMs

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%. View Bitcoin ATMs

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

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Bitcoin ATMs in Mexico


We maintain our own collection and database of Bitcoin ATM machines in Mexico. Here is a list of the ATM machines we've collected. You can submit a Bitcoin ATM teller to us by using our contact form.


Find a Bitcoin ATM
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  • ATM
  • List of ATMs in Mexico

    Cryptomex
    address
    Calle Teniente Mate O Mauri No.19 Int B
    Fraccionamiento Costa Azul 39850
    Acapulco De Juarez, Guerrero
    Mexico
    hours
    Mon-Fri 10:00 am - 6:00 pm
    bitcoin ethereum litecoin
    buy Buy
    sell Sell
    Hostal Venado 8
    address
    Venado 8 No.67, Manzana 18, lote 8
    Cancun, Quintana Roo, 77500
    Mexico
    hours
    Mon-Sun 8:00 am - 8:00 pm
    bitcoin
    buy Buy
    sell Sell
    Fantastico Comic Guadalajara
    address
    Pedro Moreno No.1775
    Col. Americana, Guadalajara, Jalisco CP. 44160
    Mexico
    hours
    Mon-Sat 10:00 am - 8:00 pm
    Sun 12:00 pm - 7:00 pm
    bitcoin litecoin
    buy Buy
    sell Sell
    BorealGas
    Parking availability - ATM Inside office of BorealGas
    address
    Carretera a los Altos 1436-D
    Tlaquepaque, Jalisco, 45620
    Mexico
    hours
    Mon-Fri 9:00 am - 5:00 pm
    Sat 9:00 am - 2:00 pm
    bitcoin litecoin
    buy Buy
    sell Sell
    Embassy Bar
    address
    Medellín 191
    Roma Nte.
    Cuauhtémoc
    06700 Ciudad de México, CDMX
    Mexico
    hours
    Wed-Sun 2:00 pm - 10:00 pm
    bitcoin litecoin
    buy Buy
    sell Sell
    Medicina Alta especialidad
    Parking available
    address
    Avenida San Fernando 193
    CDMX, 14050
    Mexico
    hours
    Mon-Sat 8:00 am - 8:00 pm
    bitcoin litecoin
    buy Buy
    sell Sell
    The High Club (Polanco)
    address
    Lope de Vega 318
    Polanco
    Miguel Hidalgo
    Ciudad de Mexico, 11560
    Mexico
    hours
    Mon-Fri 8:00 am - 9:00 pm
    Sat-Sun 11:00 am - 8:30 pm
    bitcoin
    buy Buy
    sell Sell
    Fantastico Comics
    address
    Félix Cuevas 835, Col del Valle Sur, Benito
    Juárez, 03100 Ciudad de México, CDMX
    Mexico
    hours
    Mon-Thu 10:00 am - 5:00 pm
    bitcoin
    buy Buy
    sell Sell
    Barrio Alameda (Centro)
    Inside the plaza Barrio Alameda on the second floor.
    address
    Calle Dr Mora 9
    Centro, Cuauhtémoc, 06000
    Mexico City
    Mexico
    hours
    Mon-Sun 8:00 am - 10:00 pm
    bitcoin
    buy Buy
    sell Sell
    Galerías Hipódromo
    address
    Blvd Agua Caliente 11999
    Hipódromo Agua Caliente
    Tijuana, B.C., C.P. 22024
    Mexico
    hours
    24/7
    bitcoin
    buy Buy
    sell Sell
    La Catedral Fitness
    address
    Fernando de Magallanes 3
    Fraccionamiento Costal Azul
    Acapulco, Guerrero CP 39850
    Mexico
    hours
    Sat 1:00 pm - 12:00 am
    bitcoin ethereum litecoin
    buy Buy
    sell Sell
    Forum By The Sea
    ATM is located at Forum By The Sea mall next to the Hard Rock Café
    address
    Blvd. Kukulcan
    Punta Cancun
    Zona Hotelera, 77500
    Cancún, Q.R.
    Mexico
    hours
    Mon - Sun 8:00 am - 10:00 pm
    bitcoin
    buy Buy
    sell Sell
    Las Plazas Outlet
    ATM is located at Las Plazas Outlet in Cancun Centro
    address
    Av. Andrés
    Quintana Roo 39 Cancun, 77500
    Mexico
    hours
    Mon - Sun 8:00 am - 10:00 pm
    bitcoin
    buy Buy
    sell Sell
    Forum Tlaquepaque
    ATM is located in the Forum Tlaquepaque mall close to TImberland
    address
    Blvd. Gral. Marcelino García Barragán 2077
    Guadalajara, 44840
    Mexico
    hours
    Mon-Sun 8:00 am - 10:00 pm
    bitcoin litecoin
    buy Buy
    sell Sell
    Cryptomex
    address
    Blvd. Gral. Rodolfo Sanchez Taboada No 9951. Int. 502 Col.
    zona urbana rio Tijuana
    Tijuana Baja California, C.P. 22010
    Tijuana, B.C., C.P. 22010
    Mexico
    hours
    Mon-Fri 10:00 am - 6:00 pm
    Sat 10:00 am - 2:00 pm
    bitcoin litecoin
    buy Buy
    sell Sell
    Magnocentro
    ATM located at the Magnocentro (Interlomas).
    address
    Blvd. Magnocentro 26
    La Herradura, 52760 Naucalpan de Juárez
    Mexico
    hours
    Mon-Sun 7:00 am - 10:00 pm
    bitcoin
    buy Buy
    sell Sell
    Portal San Angel
    ATM located at the Portal San Angel in Mexico City.
    address
    Av. Revolución 1267
    Álvaro Obregón, 01040
    Mexico
    hours
    Mon-Sun 8:00 am - 10:00 pm
    bitcoin
    buy Buy
    sell Sell
    Samara Shops
    ATM located at in Samara Shops between MINISO and Roberts stores.
    address
    Antonio Dovali Jaime 70
    Álvaro Obregón, 01219
    Mexico
    hours
    Mon-Sun 7:00 am - 10:30 pm
    bitcoin
    buy Buy
    sell Sell

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    Bitcoin & Cryptocurrency Trading in Mexico


    Fintech Ranking in Latin America

    1. Mexico: 238 startups
    2. Brazil: 219 startups
    3. Colombia: 124 startups

    Remittance Highlights

    • U.S. accounts for 95% of remittances to Mexico.(2)
    • Mexicans in Canada sent $231 million in Q2 2022.(3)
    • Expectation of rising numbers due to migration trends.
    • Predicted rise in crypto usage for transfers.

    Mexican Peso and Crypto Adoption

    • Decline of peso and strong dollar influence.
    • Distrust in banks catalyzing crypto adoption.
    • Crypto remittances gaining traction.

    how to buy bitcoin in mexico

    Official Regulation in Mexico

    • 2018: Introduction of Ley Fintech.(4)
    • Supported by Comisión Nacional Bancaria y de Valores (CNBV).
    • CNBC praises law for modernizing online financial services, crowdfunding, and crypto platforms.

    Bitcoin in Mexico

    • Availability of various international and local exchanges.
    • Notable local exchanges: Bitso and Bitlem.
    • Bank of Mexico Governor’s 2021 stance: Bitcoin likened to “a dimension of precious metals”.
    • Approximately 2.5% of Mexico's population owned Bitcoin by end of 2021.(5)

    Guidelines for Buying Bitcoin in Mexico

    • Several exchange options to choose from.
    • Considerations: transaction fees, limits, payment methods, verification.
    • Recommendation: Use a personal wallet for security, preferably a hardware wallet.

    -

    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.

    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.

    bitlem logoJorge 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.


    -

    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.

    Can I Buy Bitcoin in Mexico Using PayPal?

    Yes, there are a number of ways to buy bitcoin 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 LocalBitcoins, and LocalCrypto all support PayPal as a payment method.

    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.

    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.


    bitso fund

    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.


    paxful oxxo partnership

    And 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 un-confiscatable 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.

    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 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

    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 above-mentioned Bitcoin debit cards allow you to withdraw cash from any ATM.

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

    You can use our Bitcoin ATM finder tool to find the one nearest you.

    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.

    LocalBitcoins 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. LocalBitcoins 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.

    Article Sources

    BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

    1. Wikipedia - Mexico, https://en.wikipedia.org/wiki/Mexico
    2. Wilson Center - Infographic | Remittances in Mexico Reach a Historic High, https://www.wilsoncenter.org/article/infographic-remittances-mexico-reach-historic-high
    3. DataMexico.org - Canadian Remittances to Mexico, https://datamexico.org/en/profile/country/canada
    4. Deloitte - Decree Enacting the Financial Technology Institutions Law ('Fintech Law'), https://www2.deloitte.com/content/dam/Deloitte/mx/Documents/legal/2018/Fintech-Law-Decree.pdf
    5. Triple A - Mexico | 2021, https://triple-a.io/crypto-ownership-mexico-2021/

    About the Author

    jordan tuwiner

    Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University and holds an online degree in trading & cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.



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