Which is the best crypto exchange in Mexico?

best crypto exchange in Mexico

The best crypto exchange in Mexico is Bitso, no doubt about it. Starting with the highest security standards for users, a wide variety of cryptocurrencies on the platform and some innovative ways to generate profits like Bitso+

Cryptocurrencies have gone from a trend to becoming a part of global reality. For this reason, more and more people are looking to buy Bitcoin, Ethereum and other digital currencies not only as an investment, but also as a way of avoiding the inflation existing in many countries that can affect them directly. 

For example, Bitcoin reached a historic price of 69 thousand dollars in November 2021, showing the market was very interested in this cryptocurrency that has since seen its value reduced. In the best crypto exchange in Mexico you can buy Bitcoin and other digital currencies.

There are more than 400 million people in the world who own cryptocurrencies and it is becoming more and more common. In Mexico, more than 3 million have one and take advantage of the various uses it has, such as paying in establishments or for services. It is also the second highest country in the world where remittances are most widely used. 

What is an exchange?

A crypto exchange is a platform that allows you to buy and sell cryptocurrencies. You can also make exchanges and transactions with the main digital currencies that exist such as Bitcoin, Ethereum, Litecoin, Cardano, Dogecoin and also Stablecoins

In order to use an exchange you must register on the platform, provide the necessary information and make a deposit, either from a debit or credit card or you can also put cryptocurrencies in your wallet. 

For example, to use Bitso, the best crypto exchange in Mexico, you must follow these simple steps described above. In addition, Bitso has an important advantage over some platforms: it has an app that you can download on both iOS and Android.

One of the advantages of using the best crypto exchange in Mexico is that you can find real-time information on the prices of the different cryptocurrencies currently in existence. You can review graphs to see their evolution over the hours, days or months to know what the trends have been and make a good decision.

What are the advantages of an exchange?

If you are new to the world of cryptocurrencies, it is best to look for the best crypto exchange in Mexico, which is Bitso. Its platform is very easy to use and its application  intuitive, allowing you to buy and sell cryptocurrencies quickly and securely. 

In the exchange you can find all the cryptocurrencies that the platform possesses, helping you to decide which is a good option and thus diversifying your portfolio of digital assets. Bitso, the best crypto exchange in Mexico, comprises more than 48 cryptocurrencies so you can choose your best option.

It is always important to know that the exchanges, including the best crypto exchange in Mexico, have the necessary liquidity to be able to handle all the operations that are carried out and also to be able to withdraw the money if necessary. 

In addition, to be able to analyse the market, several platforms also have real-time analysis to know the price of cryptocurrencies. Bitso, the best crypto exchange in Mexico, has all this and much more.

How can you recognize the best crypto exchange in Mexico?

The best crypto exchange in Mexico is Bitso, because you can buy with Mexican pesos, the national coin. This is a great advantage as Mexicans can have a better control of their finances and can better understand the prices of the different cryptocurrencies.

In addition, Bitso has a DLT licence which was granted by the Gibraltar Financial Services Commission (GFSC), known to be one of the most innovative financial regulators in the world. This means that the funds are secure and go through audits and other assessments. Security is guaranteed.

Monitoring and eliminating vulnerabilities is another of their strengths in avoiding problems with their platform. Accounts have an insurance policy for their funds, which is considered good practice in the industry. 

As well as this, for all users of Bitso, the best crypto exchange in Mexico, users are sent daily analyses on the performance of cryptocurrencies in order to find out their maximum value the previous day or if the number of cryptocurrencies in circulation has increased. These charts can make all the difference when you are thinking about investing your money.

Bitso, the best crypto exchange in Mexico, is not only an option for individuals, but also for companies. However, they will have to provide extra information such as company statute, proof of company address and may also need to provide financial statements.

What’s the story of Bitso, the best crypto exchange in Mexico?

Bitso, the best crypto exchange in Mexico, was founded in 2014. It is approaching ten years after having created a large community of people and companies involved with cryptocurrencies. It currently has more than 6 million users and has always held security highly as a priority. 

From the beginning, security and the correct application of technology were the main priorities of Bitso, the best crypto exchange in Mexico. In addition, transparency in its communications with its users has made it highly valued. 

Considered a unicorn – a term used for companies that reach a value of more than $1 billion – the first in Latin America in the blockchain and cryptocurrency market, it was also the first company in this part of the world to have a crypto licence to trade cryptocurrencies. 

Bitso, the best crypto exchange in Mexico, also created Bitso+, which differentiates itself from its competitors. With this option within the platform, users can earn up to 2% annually with stablecoins. Profits are distributed on a weekly basis and there is no obligation to keep the digital coins for a certain period of time. 

Bitso+ does not have any additional cost and only needs to be activated from the online platform or from the app. 

How is crypto regulated in Mexico?

The law to regulate financial technology institutions was implemented in 2021 and cryptocurrencies were recognised in the country. There are three institutions that started to play a role in the regulation, such as the Bank of Mexico, the Mexican Financial Reporting Standards Board (CINIF) and the Procurators Office for the Defence of the Taxpayer (Prodecon). This affects everyone, including the best crypto exchange in Mexico

While the Bank of Mexico establishes which cryptocurrencies fintech companies and different credit institutions can operate with, the CINIF establishes guidelines for their value in the financial statements of operations. While the Prodecon notes that cryptocurrencies are not legal tender, they do establish them as an alternative means of payment. 

Bitso, the best crypto exchange in Mexico, complies with the regulations provided by the Fintech Law, which require the registration of companies with the National Banking and Securities Commission (CNBV), as well as the correct measures to identify and also verify users, as this way virtual crimes are avoided. 

The protection of funds, such as the insurance policy that all users have, and the disclosure of information in a clear manner are other points of the Fintech Law, which, like any law, can always be modified in the future. 

How can you use cryptocurrencies?

Cryptocurrencies are becoming more and more accepted worldwide, so using them nowadays has an advantage over using physical money. For example, you can now pay with cryptocurrencies in many shops in Mexico and other countries. That is why having an account on Bitso, the best crypto exchange in Mexico, is a great idea. 

It is also useful for sending remittances to other countries. This is because it has the advantage of being much faster than sending them through a traditional agency or bank.

It is practically instantaneous and the commission is much better than the channels that were used up until a decade ago. In some parts of the world they can also now pay you a part of your salary in crypto or make a payment such as taxes and many others. All this you can do with Bitso, the best crypto exchange in Mexico

Now that you know about the best crypto exchange in Mexico, if you still do not have an account in Bitso, you can create one in a few minutes and use it from your computer via its online platform or through the application that you can easily download on your mobile phone.

Whether it be to buy cryptocurrencies, stablecoins and thus being able to invest in digital assets to try to escape inflation or generate money in an alternative way.