Buy Crypto with Banorte

Summary: Banorte does not offer integrated banking services for customers to directly deal with digital currencies through its online banking platform. Therefore, investors are required to sign up with a crypto exchange regulated by Banco de México, allowing MXN transfers for cryptocurrency acquisitions.

After an extensive review of over 20 authorized exchanges, Bybit emerges as our leading recommendation. Bybit is one of the most secure trading platforms in Mexico, providing swift and cost-effective MXN deposits from Banorte bank accounts or cards to trade a broad spectrum of digital assets with industry-leading fees and liquidity.

Can I Buy Crypto with Banorte?

Yes, customers can invest in Bitcoin, Ethereum, stablecoins, and other digital currencies via Banorte. Transactions can be facilitated in Mexican Peso (MXN) directly from your Banorte bank account or Banorte Debit or Credit Card, targeted towards a regulated Mexican cryptocurrency exchange. Prospective crypto investors need to register with a certified digital currency exchange, which functions under the guidelines of Banco de México or an analogous financial institution, conforming to key regulatory standards.

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How to Buy Bitcoin and Crypto with Banorte

The safest way to invest in digital currencies like Bitcoin through Banorte is by utilizing a regulated cryptocurrency exchange. A platform that stands out for its stringent security measures and dependability is Bybit, offering a wide array of cryptocurrencies. Bybit accepts many MXN deposit options from Banorte, encompassing Bank Transfer (SPEI), Credit Card, Debit Card, and more.

Here's an easy-to-follow guide to get you started:

1. Firstly, navigate to Bybit's website and create your account. 
2. Then, select the 'Buy Crypto' option present in the navigation menu. 
3. Select 'Fiat Deposit' and 'MXN' as your currency, then  choose your payment method (e.g Bank Transfer) to transfer funds from Banorte. 
4. Upon a successful deposit, utilize the search feature to locate and purchase your chosen crypto asset.

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What are the Fees?

The fees involved in purchasing Bitcoin and other digital assets via a Banorte account can fluctuate based on the selected cryptocurrency exchange. Important costs to take into account include deposit fees, withdrawal expenses, spread rates, and trading charges.

We endorse Bybit as the most economical choice for Banorte clients, given its free MXN deposits and competitive trading fees. The main cost when investing in digital assets on Bybit is a trading fee, generally less than 0.1% per transaction. This positions it as a more budget-friendly option in comparison to other platforms like Bitso, notorious for levying fees significantly higher, frequently exceeding 1% per transaction.

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Is Banorte Crypto-Friendly?

Banorte fully supports its clients' exploration into cryptocurrencies by permitting transactions with approved external trading platforms that abide by the regulations established by Banco de México (Banxico). This position empowers Banorte customers to make MXN transfers from their accounts to platforms that meet national standards designed to prevent financial misdeeds, such as fraud and money laundering.

To that end, when interacting with these compliant platforms, Banorte clients can confidently venture into cryptocurrency investments, secure in the knowledge that their activities are not only safe but also fully compliant with all necessary legal requirements.

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Bottom Line

In conclusion, Banorte is indeed a crypto-friendly banking institution, allowing its clients to engage in the purchase of cryptocurrencies like Bitcoin, Ethereum, and more. Through Banorte, users can conduct transactions directly using their bank accounts or credit/debit cards.

‍Bybit stands out as a recommended, regulated cryptocurrency exchange that offers competitive trading fees and free MXN deposits. As long as clients use platforms complying with regulations set by Banco de México, they can safely and securely invest in digital currencies with confidence.