Bitso review

Bitso is the gateway to crypto for Latin America. Founded in Mexico in 2014, it was the first platform to let users buy Bitcoin directly with Mexican pesos, and it now serves more than 9 million people across Mexico, Brazil, Argentina, Colombia and, more recently, Chile and Peru. In its core markets it is the default on-ramp.

Its standout is regional rails. Bitso connects to local banking systems like SPEI in Mexico, so deposits and withdrawals in pesos, reais and other local currencies are fast and cheap, where global exchanges often force users through cards or stablecoins. Through its Juno arm it has launched MXNB, a fully-backed Mexican peso stablecoin aimed at cross-border payments.

On trust, Bitso has a strong record: it holds a DLT licence from Gibraltar's Financial Services Commission alongside Mexican regulatory registration, completed a full security audit in late 2025, and says it has never been hacked in over a decade of operation. Fees are competitive, with the USD market starting around 0.05% taker and the local peso market running roughly 0.36% to 0.60%.

Bitso has broadened beyond crypto, adding commission-free US stock and ETF trading through a partnership with Alpaca. The catch for some readers: Bitso does not serve the United States and restricts access from several jurisdictions, so it is built for Latin American users rather than a global audience.