On this page
- How we built this ranking
- A quick note for foreigners
- Ranking: coins by peso access
- The two workhorses: Bitcoin and USDT
- Altcoins with a peso pair: ETH, XRP, SOL, LTC and TRX
- No peso pair: DOGE, SHIB and PI
- MXNB: the peso on a blockchain
- Meme coins without their own page: PEPE and friends
- So which coin should you buy?
- All our coin guides
Search "best crypto to buy" and you get price predictions written for nobody in particular. If you live in Mexico, retire here or spend half the year in Tulum, the question that actually matters is different: can I buy this coin with pesos, and what does it cost me if I can't? A coin with a peso market saves you a currency conversion, a hidden spread and one more chance to send funds on the wrong network.
So we ranked coins by something you can check. Our starting point is the public list of order books on Bitso, the Mexican exchange with the most peso markets. We split coins into those with a direct MXN pair and those that are popular but force a detour through dollars or USDT.
How we built this ranking
Three filters. First, whether the coin has a peso pair, meaning a market where it trades directly against MXN. Second, how many platforms that work for people in Mexico offer it without workarounds. Third, what it is used for here: saving, sending money, paying, or speculation.
Peso pairs matter more than they seem. If a coin only trades against the dollar, the platform converts your pesos first and charges for that conversion, sometimes without telling you. On Bitso's order bookThe public list of buy and sell offers for a coin. You pick the price and pay a small percentage fee instead of the markup built into instant buys., by contrast, buying bitcoin with pesos costs 0.78% as a takerA taker fills an order already sitting on the book and executes instantly. A maker posts an order and waits for someone to fill it, usually paying less. at the entry tier, falling with volume.
A quick note for foreigners
Before the table, the catch most expats hit. Mexican peso accounts on exchanges require a CURP, the national population ID. Temporary and permanent residents get one with their residency card; tourists don't. Peso deposits by SPEI also have to come from a Mexican bank account in your own name. Kraken, for example, accepts SPEI deposits from 150 MXN with a 0.5% fee, but converts them to US dollars and requires the CLABE to match your identity.
If you're a tourist, the practical options are a card purchase on an international platform (your US bank may add a foreign transaction fee) or the exchange you already use at home. If you're a resident with a Mexican bank account, the peso routes below open up.
Ranking: coins by peso access
The first rows have a direct peso market; the last rows don't, and we note the realistic route.
| Coin | Peso pair | Where to buy | Main use in Mexico |
|---|---|---|---|
| 1. Bitcoin (BTC) | Yes, BTC/MXN | Bitso, Mercado Pago, Kraken, ATMs, card | Long-term holding |
| 2. Tether (USDT) | Yes, USDT/MXN | Bitso, Binance/Bybit/OKX P2P, Bitget | Digital dollars, remittances |
| 3. Ethereum (ETH) | Yes, ETH/MXN | Bitso, Mercado Pago, Kraken | Apps, layer-2 networks |
| 4. XRP | Yes, XRP/MXN | Bitso, global exchanges | Fast, cheap transfers |
| 5. Solana (SOL) | Yes, SOL/MXN | Bitso, Binance, Bybit | Low-fee apps and payments |
| 6. Dollar tokens (USD, PYUSD, RLUSD, TUSD) | Yes, each vs MXN | Bitso | Holding dollars inside the app |
| 7. Litecoin (LTC) | Yes, LTC/MXN | Bitso | Small, cheap transfers |
| 8. Tron (TRX) | Yes, TRX/MXN | Bitso | Paying fees for USDT on Tron |
| 9. Decentraland (MANA) | Yes, MANA/MXN | Bitso | Niche: gaming and metaverse |
| 10. Dogecoin (DOGE) | No; DOGE/USD only | Bitso (convert), Binance, Bybit | Meme coin, tipping |
| 11. USD Coin (USDC) | Yes: Bitso shows it as “digital dollars” (USD/MXN book); Binance lists USDC/MXN | Bitso, Binance | Business payments in dollars |
| 12. Shiba Inu (SHIB) | No | Binance, Bybit via USDT | High-volatility meme coin |
| 13. Pi Network (PI) | No, anywhere | OKX, Bitget, Kraken via USDT | Phone-mining community |
| 14. MXNB | No public book | Conversion in the Bitso app | Peso stablecoin for payments |
Two caveats. The Bitso app offers more coins through "convert" than it lists as public books, so you may see DOGE priced in pesos even without an open MXN market; you pay a conversion spread there. And a peso pair doesn't make a coin a better investment: MANA has one and is a niche token, while DOGE has none and is one of the most searched.
The two workhorses: Bitcoin and USDT
Bitcoin is the entry point in Mexico because it has the most routes: SPEI on Bitso, Mercado Pago balances, card purchases, ATMs in Mexico City and Cancún, and even US-listed ETFs through Mexican brokers. You can buy fractions worth a few pesos. Details, including withdrawals and Lightning, are in our guide to buying bitcoin in Mexico.
USDT is Tether's stablecoinA cryptocurrency designed to hold a stable value, usually pegged 1:1 to the US dollar. and, in practice, Mexico's digital dollar. Locals use it to save in dollars and to trade P2P; expats use it to move money from US accounts without a wire. The real risk is picking the wrong network, which our USDT guide covers with current fees.
Open an account, verify your ID and buy with a debit or credit card. Works with many US and Mexican cards.
Altcoins with a peso pair: ETH, XRP, SOL, LTC and TRX
Ethereum is the network behind most apps and many stablecoins, and ETH is also sold inside Mercado Pago. If you want to understand layer-2 networks like Arbitrum, where MXNB was born, start with the Ethereum guide.
XRP and Solana are known for fast, cheap transfers. XRP has a local angle too: Bitso also lists RLUSD, Ripple's dollar stablecoin, against the peso. When depositing XRP to an exchange you usually need a destination tagAn extra number that identifies your account inside an exchange's shared address. Leave it out and your deposit can go missing for weeks.; both have their own guides in the cards below.
Litecoin and Tron are less exciting but useful. Litecoin moves small amounts cheaply. TRX is what your own wallet needs to pay for sending USDT on the Tron network, and a peso pair saves you a step.
No peso pair: DOGE, SHIB and PI
Dogecoin trades against the dollar on Bitso, not the peso. Shiba Inu was listed by Bitso in early 2022 but is not in today's public books. Pi Network has no peso pair on any exchange we checked; it trades against USDT on OKX, Bitget, Kraken and others. USDC is the confusing one: Bitso doesn't show a book under that name, but the balance its fee page calls “USDC (Digital Dollars)” trades on the USD/MXN book, and Binance lists USDC/MXN directly. We compare them in USDT vs USDC vs MXNB.
The route for all of them is the same: buy USDT with pesos, move it to an exchange that lists the coin and swap. Each step adds a fee, so batch your conversions. If you mined Pi and want pesos out of it, the Pi Network guide walks through mainnet migration to SPEI withdrawal.
MXNB: the peso on a blockchain
MXNB is a stablecoin pegged 1:1 to the peso, issued within the Bitso group and launched on Arbitrum in 2025. It's not for speculation; one MXNB should always be worth one peso. Its use is in business payments, remittances and treasury. We found no public MXNB/MXN book, though Bitso's help center describes converting pesos to MXNB in the app. The full story, including a pending Senate bill on peso stablecoins, is in the MXNB guide.
Meme coins without their own page: PEPE and friends
Beyond Dogecoin and Shiba Inu, there's a rotating cast of meme coinsCoins born from internet memes or jokes. Prices move almost entirely on social media sentiment and can drop more than 90%. such as PEPE. On Bitso, PEPE has a dollar book, not a peso one; elsewhere it trades against USDT. We don't give them dedicated pages because the story changes weekly and their only real use is speculation.
If you still want to try, cap the amount, check you are buying the official token contract, and be wary of Telegram groups promising "the next PEPE". That script powers many of the schemes in our crypto scams guide.
So which coin should you buy?
Think in terms of use, not promised returns:
- Long-term exposure: most people start with bitcoin for its liquidity and peso routes.
- Holding dollars or sending money home: USDT on the right network; see sending money to Mexico with crypto.
- Cheap transfers between wallets: USDT on Tron, XRP, Litecoin or Solana.
- Pesos on a blockchain: MXNB, with the limits explained in its guide.
- Speculation: meme coins, knowing most lose nearly all their value.
Then decide how your money gets in. Residents with a Mexican account usually pay least with a SPEI bank transfer to an exchange with peso pairs. Visitors are often better off with a card purchase. Anything you plan to hold for long belongs in a wallet you control.
Run the full cycle with the equivalent of 25 dollars: buy, send to your wallet, sell. You'll see every fee before moving more.
All our coin guides
Each guide covers where to buy the coin from Mexico, which network to use, what withdrawals cost and the main risks.
Frequently asked questions
What is the best crypto to buy in Mexico?
There is no single answer, and nobody can promise which coin will rise. Most people start with bitcoin for long-term exposure, use USDT to hold digital dollars or move money across the border, and look at MXNB only if they need pesos on a blockchain. Starting with coins that have a direct peso pair saves you a conversion step and a spread.
Which cryptocurrencies can I buy with Mexican pesos?
Bitso's public order books list peso pairs for BTC, ETH, USDT, XRP, SOL, LTC, TRX, MANA and several dollar-linked tokens (USD, PYUSD, TUSD and RLUSD). DOGE and PEPE trade only against the dollar there. Everything else is usually bought by getting USDT first and swapping on an international exchange.
Can a tourist buy crypto with pesos in Mexico?
Usually not directly. Mexican exchanges ask for a CURP to operate in pesos, and peso deposits must come from a bank account in your name. Tourists typically buy with a card on an international platform or use the exchange they already have back home. Residents with a temporary or permanent residency card can get a CURP and open a peso account.
Is Dogecoin available with pesos in Mexico?
There is no public DOGE/MXN order book on Bitso; DOGE trades against the dollar and may appear in the app as a conversion. The universal route is to buy USDT with pesos and swap it. See our Dogecoin guide.
Do I pay tax in Mexico on crypto gains?
Mexican tax residents report gains when they sell or swap crypto, in the annual return. Non-residents are usually taxed where they are resident, but the details depend on your situation. Our crypto tax guide covers both cases. This page is not investment or tax advice.