Mexico is quickly becoming a hotbed for crypto and blockchain activity, so it comes as no surprise that a brand-new crypto exchange just opened up its doors to the Mexican market. Bitso is one of the sleekest crypto exchanges that we’ve seen in recent months and it’s super easy to get an account – perfect for people looking to join the crypto revolution. Packing low fees and a range of cryptocurrency and Peso trading pairs available, there is a cryptocurrency available for every type of crypto trader!
Trade from Your Phone or Desktop
It takes a handful of minutes to create and fund your account, whether you’re planning to trade from your phone, desktop or both – one account to rule them all. It’s quick and easy to deposit funds as well as withdraw your brand new crypto to your hardware wallet. Bitso also boasts top-notch security and follows best practices to keep your cryptocurrency safe when it’s living on the exchange, but as always remember the saying – not your keys, not your crypto. All wallets are multi-sig, further adding to the security of your funds on the exchange. Once you’re all set up and ready to go, you can trade Pesos with Bitcoin, Ether, XRP, Litecoin, Bitcoin Cash, TrueUSD, Basic Attention Token, Golem and Decentraland. There are also a number of Bitcoin pairings, including: Ether, XRP, Litecoin, Bitcoin Cash, TrueUSD, Decentraland, Basic Attention Token and Golem.
Tough Rules Coming in for Crypto Exchanges
Late last year, the Mexican government introduced a wave of tough new crypto regulations. All exchanges looking to operate in the country need to obtain a permit from Banxico or face the penalties. After battling with illicit crypto usage, the new regulations were designed to help regulate the market and prevent illegal crypto activity – including money laundering by the cartels. These new regulations mean that you have to wait 24 hours before you can start trading once you create your account, but that’s a small price to pay for access to the crypto world,
Bitcoin trade volume has been spiking in Mexico ever since Trump announced that the US government will be closely monitoring the US-Mexico remittance systems. This means that now is the perfect time for crypto exchanges to begin opening up, helping the huge amounts of demand for crypto markets get their orders filled by savvy crypto traders. The features of Bitso are top quality and the exchange doesn’t feel clunky or hard to use – perfect for beginners!