Best Crypto Exchange In Mexico

Page Summary

This article shares our insights about the  best crypto exchanges in Mexico. We evaluated and tested 133 crypto exchanges in 8 categories. We focused on all aspects of their offering, including crypto costs, platforms, apps, assets, deposits & withdrawals, customer service, liquidity, and security.

Crypto exchanges with the highest scores are in the list below. 

Top 6 Crypto Exchanges In Mexico

  1. OKX – Best For Low Trading Fees
  2. eToro – Great copy trading tool, regulated by top tier one authorities.
  3. Kraken – Sophisticated trading tools for experienced investors.
  4. Coinmama – Offers high-security standards. Excellent platform with an intuitive interface.
  5. Binance – Well-established cryptocurrency trading platform with large trading volumes and liquidity.
  6. Crypto.com – Excellent portfolio and trading app.

Best Crypto Exchanges In Mexico – List

ExchangeOverall ScoreGeneral infoFees (Maker/Taker)Spot Volume (BTC)
#1OKX3.1Best For Low Trading Fees0.8% /0.8%$790,030,092
#2eToro4.9Great copy trading tool1%/1%$2,739,612
#3Kraken4.5Most trusted exchange0.16%/0.26%$53,964,331
#4Coinmama2Excellent platform with an intuitive interface0.01%/0.00%$808,571
#5Binance4.3Best altcoin portfolio0.1% /0.1%$806,899,070
#6Crypto.com4.3Excellent portfolio and trading app1.99%/1.99%$451,706,550

This section below breaks down the best crypto trading platforms in Mexico, beginning with the best rated…

1. OKX – Best For Low Trading Fees

OKX logo

Rating: 3,1/5

Min Deposit:

Fees: 4.7

Assets available: 4.7

Total Fees:

OKX is a Malta-based cryptocurrency exchange established in 2014 that offers users access to crypto spot, futures, and derivatives trading. Besides offering access to over 600 cryptocurrencies, OKX users can trade with NFT’s and various crypto 2.0 products including crypto perpetuals, crypto swaps, and crypto options. Users can also generate a passive income using high yield crypto savings accounts, stablecoin staking, and liquidity farming.

OKX charges competitive trading fees of 0,08% maker/taker, that can be further reduced by up to 0,02% by holding OKT tokens. This makes them one of the cheapest crypto exchanges in the industry.

OKX also has a deep liquidity (currently ranked 5 in trading volume) and a slippage score of 500 that guarantees order execution even on the smallest altcoins.

Pros

  • Competitive fees (0.8% maker/taker)
  • Great availability of coins (600+)
  • Simple trading features for beginners
  • Advanced trading features and charting tools
  • Great passive income options (staking, liquidity mining)
  • Access to NFTs, perpetuals, swaps and options

Cons

  • Low liquidity for certain coins

Key features

  • 600+ available digital assets
  • Industry lowest trading fees (0.08-0.10% maker/taker fee)
  • Deep liquidity levels
  • Passive income options (staking, and liquidity farming, high yield crypto saving)
  • Integrated NFT trading platform
  • Beginner to advanced trading features

2. eToro – Best Exchange With Copy Trading Tools

eToro logo

Rating: 4,9/5

Min Deposit: $200

Fees: 4.8

Assets available: 4.8

Total Fees:

Open account Read review

79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD

eToro is an industry-leading brokerage firm with crypto trading as CFDs and access to the eToroX exchange. This broker has an in-house e-wallet and many crypto trading features. The eToroX exchange offers margin trading and APIs. 

This broker has advanced copy trading tools and access to 41 different assets. It has top-tier licenses and a simple account opening process. eToro has a competitive fee structure and a minimum deposit of $200.

Pros

  • Access to over 4000+ tradable symbols
  • Great overall market coverage
  • Easy to use mobile trading app and platforms
  • Industry leading social/copy trading app
  • Great cryptocurrency trading features
  • Responsive customer support

Cons

  • Algorithmic trading not available
  • Forex and CFD fees above industry average
  • Education and research tools missing

Key features

  • Sophisticated social-copy trading features
  • Multiple different payment options
  • Crypto exchange and brokerage services on the same dashboard
  • Super fast registration and KYC on-boarding process
  • Zero commission stock trading
  • Great ease of use level

3. Kraken – Best Exchange With Secure Services 

Kraken logo

Rating: 2,6/5

Min Deposit:

Fees: 3.9

Assets available: 4.5

Total Fees:

Kraken is a popular global exchange with an excellent reputation. It uses industry-leading technology and offers great security for all account holders. Kraken is a good fit for intermediate and professional crypto enthusiasts. It offers low trading costs and futures trading. 

Their proprietary platform has the lowest fees in the industry. Kraken offers many valuable learning tools and order types. It offers a quick buy feature and intuitive services. 

Pros

  • Great offer of different crypto trading instruments
  • Very competitive trading fees
  • Very good trading platform
  • Highest security standards
  • Very good trading volumes
  • Very good mobile trading application
  • Wide range of educational materials

Cons

  • Not beginner friendly
  • Slow customer support

Key features

  • Spot and margin crypto trading
  • Crypto earn, staking, crypto bank
  • Kraken account management
  • Serve corporations, wealth managers, investment funds

4. Coinmama – Best Exchange With An Intuitive Interface

Coinmama-logo

Rating: 0,0/5

Min Deposit:

Fees:

Assets available:

Total Fees:

Coinmama has a good reputation and offers intuitive services and high-security standards. Its platform is straightforward and provides an excellent user experience. Coinmama has beginner-friendly services to buy and sell crypto coins. 

Professional traders will miss advanced tools and features. Coinmama doesn’t offer e-wallets and has high trading fees. 

Pros

  • Well regulated and licensed
  • Easy to use trading platform
  • Very good choice of deposit and withdrawal methods
  • Good mobile application
  • High levels of security
  • Very good crypto wallet

Cons

  • Limited number of crypto trading instruments
  • Margin trading is not available
  • Higher trading fees
  • Not convenient for active traders
  • No phone customer support
  • Lacking some advanced features (savings, staking… )

Key features

  • Spot crypto exchange for crypto investors (not traders)
  • It an online crypto wallet where you can buy, sell, store and exchange most popular cryptocurrencies

5. Binance – Best Altcoin Portfolio 

binance-logo

Rating: 3,1/5

Min Deposit:

Fees: 4.9

Assets available: 5.0

Total Fees:

Binance is a leading crypto exchange with an attractive altcoin portfolio. It is a top choice for professional traders who want access to popular and less popular coins. Binance offers rewards and incentives to high-volume traders. 

This exchange offers premium account features, including OTC trading. Binance has low trading fees and access to professional trading tools. It has limited learning tools for new traders. 

Pros

  • The best daily trading volume for both spot Crypto trading and for Crypto derivatives
  • The best choice of different assets to trade
  • Great choice of saving and stalking options
  • Very competitive trading fees
  • Very good trading platform with lots of advanced features
  • Easy sign-up process
  • Very good choice for mobile trading
  • Great deposit and withdrawal options

Cons

  • Exchange has been hacked in the past
  • Considerable withdrawal fees
  • Customer support is sometimes hard to

Key features

  • Spot and derivative crypto trading
  • P2P (Peer-to-peer) crypto trading available
  • Trading platform integrated with tradingview; automated trading available
  • Savings, staking, crypto loans, Binance smart pool
  • Binance liquid swap
  • Binance Visa Card

6. Crypto.com – Best Crypto Trading App

Crypto.com logo

Rating: 2,5/5

Min Deposit:

Fees: 3.2

Assets available: 3.8

Total Fees:

Crypto.com is a modern crypto exchange with access to an industry-leading trading app. It has access to staking, NFTs, e-wallets, and a proprietary credit card. Crypto.com has an intuitive trading app with a user-friendly design. 

Crypto.com has an interesting fee structure. It offers bonuses for holding specific coins. Crypto.com has a versatile portfolio with 258 cryptocurrencies. 

Pros

  • Highest security standards
  • Great offer of crypto trading instruments
  • Very good trading platform
  • Very good research and educational tools
  • Very good mobile trading application
  • Very good wallet

Cons

  • Slow customer service
  • Very complex fee schedule (if you do not hold Cronos tokens fees are high)
  • Difficult to navigate

Key features

  • Spot and margin crypto trading
  • Crypto payments
  • Crypto.com Visa Credit Card
  • Staking, crypto loans
  • Proprietary Cronos tokens

How To Choose An Exchange? 

When choosing a crypto exchange, the main criteria to consider are trading costs, platforms, apps, asset portfolios, deposits & withdrawals, customer service, and safety. 

Fees: You should choose an exchange with a transparent fee structure. Avoid providers with high trading fees, overnight fees, and hidden costs. 

Trading Platforms: Search for intuitive, user-friendly platforms with fast executing trades. 

Mobile Trading: Mobile trading offers many advantages for traders at all levels. An app should provide the same tools and charts as their web versions. 

Deposit & Withdrawal: Select an exchange with access to your preferred deposit and withdrawal methods with low or no fees. 

Assets: Crypto exchanges need to offer access to a versatile portfolio. Search for coverage of popular asset classes and avoid providers that don’t provide popular altcoins. 

Customer Support: All crypto traders should choose an exchange with responsive and knowledgeable customer support available in their language. 

Liquidity: High trading volumes and liquidity ensure you will sell your crypto assets at competitive costs. 

Security: Choose a centralized exchange with a clean history of hack attacks. Avoid exchanges that don’t offer proof of funds and penetration tests. 

*Safety Risks For Mexican Citizens

Trustworthy cryptocurrency exchanges for Mexican citizens are government-regulated and have a trading license. Larger exchanges have a banking history.

Regulation Of Cryptocurrency Exchanges In Mexico 

The National Banking and Securities Commission (CNBV) offers regulation under the FinTech law in Mexico. The government issued many laws to create a regulatory framework for virtual assets. Officials advise against trading crypto assets in the country, but many traders embraced this activity. We recommend you use a secure exchange service for crypto trading activities. Unregulated providers are risky and might lead to money loss.

Is Cryptocurrency Trading Legal In Mexico? 

No clear regulatory status allows or prohibits cryptocurrency trading in Mexico. It is a permitted activity with exchanges that have their headquarters outside the country. For example, Kraken is available in Mexico. Mexican traders buy and convert crypto coins with this exchange. There is no tax rule in Mexico for crypto coins, and traders aren’t allowed to use digital coins to purchase physical goods.

How To Start Trading With – OKX

OKX is the leading crypto exchange in Mexico. It offers secure services and trading platforms for traders at all levels. Here are the steps you need to take to trade with OKX. 

Step 1: Create an account on OKX’s official website 

Access the link to the OKX platforms

Step 2: Click on the “Register Now” button 

Submit your email address and set up a password. Agree with the terms and conditions required to open a OKX account. 

Step 3: Verify your account 

After registering a new account, you should check your email address. There you’ll find a confirmation email. Click on the link and verify your account. 

Step 4: Buy Cryptocurrencies 

OKX account holders buy, sell, and hold fractions of many crypto assets. To own a crypto coin, you don’t have to buy the whole coin.  

Conclusion

We recommend OKX as the best crypto exchange overall for Mexican traders. It is a secure crypto exchange with low trading fees, industry-leading safety protocols, and transparent services. eToro comes in second place with powerful social trading platforms, secure exchange services, and a versatile portfolio.  

FAQ

What Is A Centralized Crypto Exchange? 

A centralized exchange is a company that follows strict rules. It offers access to secure platforms to trade digital coins. These exchanges request identification and registration, known as the Know Your Customer rule.

What Is A Decentralized Crypto Exchange? 

A decentralized crypto exchange (DEX) represents a provider with no central control point. It functions as a server and has a backup copy of the exchange on several devices. This type of exchange uses an “automated market maker” protocol. DEXs rely on liquidity pools offered by users to enable trading between traders without a central trading desk. 
Decentralized exchanges are risky, and you should use their services carefully. DEXs don’t follow KYC rules and are subject to many safety risks. If you use this type of exchange, you risk losing all your funds.

How To Buy Cryptos Through An Exchange? 

You can buy cryptos through an exchange with a centralized exchange. It allows users to deposit fiat money from a credit/debit card or bank account. These exchanges offer valuable tools for swapping the currency into the coin you choose.

Is Crypto Legal Tender In Mexico? 

Based on the current legal regulation in Mexico, Bitcoin and other cryptocurrencies cannot be used for commercial reasons and are not considered legal tender.

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Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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