Top Crypto Trading Platforms in Mexico

Mexico has a number of exchanges that operate under the framework of the National Banking and Securities Commission (CNBV), ensuring oversight and consumer protection. Many platforms support Mexican peso (MXN) deposits, offer competitive fees, and are accessible in Spanish. Below is a detailed comparison of the five best digital asset exchanges for Mexican investors.

1. Bybit

Bybit, launched in 2018, is one of the world's leading crypto exchanges, serving over 65 million users across 160 countries. Known for its fast execution speeds, deep liquidity, and robust security, it is a top choice for traders in Mexico seeking advanced derivatives, spot trading, and Web3 services. 

The platform is designed for both retail and institutional traders, offering seamless access to a wide range of cryptocurrency markets, automated trading tools, and earning opportunities. Users can trade over 1,700 digital assets for spot trading and more than 400+ perpetual contracts.

It also features AI-powered analytics with TradeGPT, a copy trading platform where users can follow expert traders, and a variety of trading bots, including Grid, DCA, and Futures Combo bots. Additionally, Bybit Earn offers staking, savings plans, flexible investment products and crypto loans.

• Fees: 0.1% for spot trading, 0.02% maker or 0.055% taker fees for derivatives.
• Supported Assets: Over 1,700 cryptocurrencies.
• Regulation & Licensing: Globally licensed and accessible in Mexico.‍
• MXN Deposit Methods: SPEI, bank transfer, credit card, debit card, Apple Pay, Google Pay, Samsung Pay, Mercadopago and more.

‍2. Kraken

Kraken, founded in 2011 by Jesse Powell, is one of the most established crypto exchanges in the world. With over 10 million users across Mexico and 180 other countries, it has built a strong reputation for institutional-grade security, deep liquidity, and compliance with financial regulations.

It provides many trading options, including spot trading, margin trading, futures contracts, and OTC (Over-the-Counter) trading for institutions. The platform supports over 350 tokens, with access to staking services that allow users to earn rewards on their crypto holdings. 

Kraken Pro offers advanced trading tools, such as customizable order types and in-depth market analysis. Security is a major priority for Kraken, with 95% of funds stored in offline cold wallets, industry-leading encryption, 2FA, global regulatory compliance and Proof-of-Reserves audits. 

• Fees: Maker fees start at 0.16%, while taker fees begin at 0.26%.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Registered as a Money Services Business with FinCEN and available in Mexico.
• MXN Deposit Methods: ACH, bank transfers, credit cards and debit cards.

3. OKX

OKX is one of the world's leading cryptocurrency platforms, offering spot and derivatives trading, a Web3 ecosystem, and cutting-edge financial products. With over 50 million users across Mexico and 180+ countries, it is popular for its OKX wallet, NFT trading, and DeFi integrations.

The exchange offers a comprehensive trading suite, including spot trading, margin trading, perpetual contracts, and options trading, with over 350 cryptocurrencies available. The platform features low-latency matching technology, ensuring seamless trade execution for both retail and institutions. 

Users can also benefit from OKX Earn, which provides staking, savings, and DeFi yield farming options. Additionally, OKX’s AI-powered trading bot allows for automated strategies such as grid trading and DCA. Mexican users can deposit MXN via P2P trading, credit/debit cards, and third-party options.

• Fees: Spot trading fees start from 0.1%.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: OKX operates under OKX Bahamas FinTech Company Limited and is licensed in Mexico.
• MXN Deposit Methods: Credit card, debit card, Apple Pay, and Google Pay.

4. Binance

Binance, created in 2017 by Changpeng Zhao, is the largest exchange in the world, serving over 250 million users globally. Known for its high liquidity, extensive trading options, and low fees, it has cemented itself as a top choice for traders in Mexico looking for a comprehensive crypto ecosystem. 

The platform supports various services, from spot and derivatives trading to staking, lending, and a Web3 infrastructure. Binance offers over 350 cryptocurrencies, with access to spot trading, margin trading, perpetual futures, and options contracts, supporting 50x leverage. 

It features high-speed trade execution, institutional-grade liquidity, and a user-friendly interface. Binance Earn allows users to stake and lend crypto for passive income, while Binance Launchpad provides access to new token sales and exclusive investment opportunities.

• Fees: Trading fees start at 0.1% with additional discounts for using BNB.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Binance operates under Bmex Techfin, S. de R.L. de C.V., registered with the Tax Administration Service (SAT) for Vulnerable Activity.
• MXN Deposit Methods: Debit and credit cards.

5. Bitso

Bitso, based in Mexico City, is the country’s largest exchange, with over 7 million users. As one of the first exchanges in Mexico to be regulated under the country’s Fintech Law, Bitso has established itself as a secure and compliant platform for buying, selling, and storing digital assets. 

The exchange is particularly popular among remittance users, retail traders, and institutional investors, providing a seamless fiat-to-crypto experience with full MXN support. Bitso offers a wide range of services, including spot trading, staking, remittance services, and crypto savings accounts. 

Users can trade over 50 cryptocurrencies, including Bitcoin, Ethereum, Solana, and stablecoins. Bitso Plus, a savings feature, allows users to earn interest on crypto holdings without locking up funds. Bitso also provides instant cross-border payments, allowing workers to send remittances from the U.S.

• Fees: Competitive trading fees start at 0.1%.
• Supported Assets: Over 50 cryptocurrencies.
• Regulation & Licensing: Licensed and regulated locally in Mexico.
• MXN Deposit Methods: Bank transfers, debit and credit cards, and SPEI.

Is Crypto Regulated in Mexico?

Mexico has taken a structured approach to cryptocurrency regulation, with oversight primarily governed by the Fintech Law enacted in 2018. This law provides a legal framework for financial technology institutions, including exchanges and other crypto-related services, ensuring compliance with anti-money laundering (AML) and consumer protection standards.

The National Banking and Securities Commission (CNBV), in coordination with the Bank of Mexico (Banxico) and the Financial Intelligence Unit (UIF), oversees the sector to prevent illicit activities while allowing innovation in digital asset services.

Additionally, exchanges operating in Mexico must register with the government and comply with reporting obligations, particularly for transactions exceeding a specified threshold in Mexican pesos (MXN). While the regulatory environment continues to evolve, Mexico remains a key player in Latin America's digital asset landscape.

How is Crypto Taxed in Mexico?

Mexico’s tax authority, the Servicio de Administración Tributaria (SAT), considers cryptocurrency taxable, even though it is not recognized as legal tender. Individuals and businesses engaging in crypto transactions must comply with tax obligations, including reporting gains and income derived from digital assets.

Key Crypto Tax Considerations in Mexico:

• Income Tax (ITAX): When individuals exchange crypto for fiat currency or other assets, they incur ITAX of up to 35% on any capital gains. For businesses, crypto income is generally taxed on a monthly accrual basis and can be up to 30%.
• Value-Added Tax (VAT): In some cases, crypto transactions—particularly those involving goods and services—may be subject to Mexico’s 16% VAT, though enforcement varies.

Failure to declare crypto-related income can lead to penalties, audits, or fines. Investors and businesses operating in the sector should maintain accurate records and stay updated on regulatory changes to ensure compliance with SAT’s evolving stance on digital assets.

Cryptocurrency Adoption in Mexico

Mexico’s cryptocurrency market is experiencing rapid growth, with projected revenue expected to reach $985.5 million by the end of 2025. An estimated 15.66 million users are expected to be involved in crypto transactions by the end of the year, making up 12.02% of the population.

Several factors contribute to this expansion, including the accessibility of digital assets through local and international exchanges, the popularity of stablecoins for cross-border payments, and the increasing use of blockchain technology in financial services. 

While Mexico does not recognize cryptocurrency as legal tender, local platforms like Bitso and international exchanges, such as Binance and Kraken, provide secure trading environments, high liquidity, and convenient MXN deposit options.

How to Buy Bitcoin in Mexico

Purchasing Bitcoin in Mexico is straightforward, with several reliable exchanges offering Mexican peso (MXN) deposits and secure trading options. Follow these steps to buy Bitcoin safely:

1. Choose a Trusted Exchange: Select a reputable crypto platform that supports MXN deposits and operates within Mexico’s regulatory framework. Leading options include Bitso, Binance, and Kraken, which offer secure transactions and competitive fees.
2. Verify Your Account: Sign up on your chosen exchange using your email address and a strong password. To comply with Know Your Customer (KYC) regulations, you must verify your identity by submitting a government-issued ID.
3. Deposit Funds: Once your account is verified, fund it using bank transfers (SPEI), credit or debit cards, or supported payment methods. Some exchanges also accept cash deposits via partner services, though fees and limits may vary.
4. Buy Bitcoin: Navigate to the trading section, select the BTC/MXN trading pair, and enter the amount of Bitcoin you wish to purchase. Double-check the transaction details before confirming the trade.

‍With the right platform and proper security measures, buying Bitcoin in Mexico is simple, making it easier than ever to participate in the growing digital asset economy.

Final Thoughts

Mexico’s cryptocurrency market continues to expand, offering investors a range of secure and user-friendly exchanges for trading digital assets. 

Whether you're looking for low fees, institutional-grade security, or access to Web3 services, platforms like Bybit, Kraken, OKX, Binance, and Bitso provide reliable options for Mexican traders.