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
- Volabit – Best overall crypto exchange.
- eToro – Great copy trading tool, regulated by top tier one authorities.
- Kraken – Sophisticated trading tools for experienced investors.
- Coinmama – Offers high-security standards. Excellent platform with an intuitive interface.
- Binance – Well-established cryptocurrency trading platform with large trading volumes and liquidity.
- Crypto.com – Excellent portfolio and trading app.
Best Crypto Exchanges In Mexico – List
|Exchange||Overall Score||General info||Fees (Maker/Taker)||Spot Volume (BTC)|
|#1||Volabit||3.7||Best overall crypto exchange|
|#2||eToro||4.9||Great copy trading tool||1%/1%||$2,739,612|
|#3||Kraken||4.5||Most trusted exchange||0.16%/0.26%||$53,964,331|
|#4||Coinmama||2||Excellent platform with an intuitive interface||0.01%/0.00%||$808,571|
|#5||Binance||4.3||Best altcoin portfolio||0.1% /0.1%||$806,899,070|
|#6||Crypto.com||4.3||Excellent portfolio and trading app||1.99%/1.99%||$451,706,550|
This section below breaks down the best crypto trading platforms in Mexico, beginning with the best rated…
01. Volabit: Best Crypto Exchange Overall
Volabit is a trusted crypto exchange in Mexico. It offers Bitcoin-based financial services and has an excellent reputation. Volabit has a simple fee structure with no hidden costs and an average withdrawal fee of $11. It offers access to online payments, money transfers, and many funding options.
Volabit offers a secure platform with industry-leading safety protocols. It has powerful protocols to protect all account holders from unauthorized access. Volabit’s platform is technical, which might be challenging for inexperienced crypto traders.
02. eToro: Best Exchange With Copy Trading Tools
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.
03. Kraken: Best Exchange With Secure Services
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.
04. Coinmama: Best Exchange With An Intuitive Interface
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.
05. Binance: Best Altcoin Portfolio
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.
06. Crypto.com: Best Crypto Trading App
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.
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 – Volabit
Volabit 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 Volabit.
Step 1: Create an account on Volabit’s official website
Access the link to the Volabit’s platforms under this link here: https://www.volabit.com/
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 Volabit 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
Volabit 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.
We recommend Volabit 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.
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.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
eToro is a multi-asset platform that offers both investing in stocks and crypto assets, 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.75% 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. Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.
- 1 Top 6 Crypto Exchanges In Mexico
- 2 Best Crypto Exchanges In Mexico – List
- 3 How To Choose An Exchange?
- 4 Conclusion