DESK RESEARCH
Bitso review
LATAM's largest crypto exchange + banking infrastructure
The verdict
7.5 / 10 · CONSIDER
Bitso (founded 2014) operates Mexico's largest licensed crypto exchange and a banking-as-a-service product across Mexico, Brazil, Argentina, and Colombia. Mexican CNBV-supervised, Brazilian fintech licence. Bitso Business handles ~10% of US-Mexico remittance flow via crypto rails.
◆ BUY IT IF
- LATAM-leader by volume
- Multi-jurisdiction regulated — strongest in Mexico
- Bitso Business handles ~10% US-MX remittance corridor via crypto
- Free local-rail deposits (PIX, SPEI)
◇ SKIP IT IF
- Trading fees on small orders 0.65–1% (above Bitvavo/Kraken)
- Higher spreads in thin local markets
- Customer support quality varies by country
- No native debit card (Bitso Card limited rollout)
§ 01 SCORE BREAKDOWN
Eight axes, weighted.
DIMENSION WEIGHT RATING SCORE
Regulatory safety
CNBV-registered (Mexico). Operating under Mexican Fintech Law (Ley Fintech 2018). Bacen-supervised + CVM-licen
Card & IBAN
No card, no IBAN
Yield
Up to 7% APY
Coin selection
60 coins supported
App UX
Transparency
Proof of Reserves, public filings, incident history
Fees & spreads
Support
§ 02 THE FIELD TEST
How we tested Bitso.
Drafted from public sources — regulatory licences verified against issuing-authority registers (NYDFS, FCA, MAS, VARA, FSCA, etc.); fees verified from current published rate cards. Not yet field-tested.
DATE STEP TIME NOTES
— Account opened — KYC completed end-to-end
— First deposit — Not yet field-tested — record drafted from public sources; first-hand testing scheduled for the next review cycle.
— First withdrawal — Not yet field-tested — record drafted from public sources; first-hand testing scheduled for the next review cycle.
— Card activated — Card not supported / not ordered
— Last hands-on check — Drafted from public sources — regulatory licences verified against issuing-authority registers (NYDFS, FCA, MAS, VARA, FSCA, etc.); fees verified from current published rate cards. Not yet field-tested.
§ 03 SPECIFICATIONS
Everything, in one table.
Regulation
- Regulatory status
- CNBV-registered (Mexico). Operating under Mexican Fintech Law (Ley Fintech 2018). Bacen-supervised + CVM-licensed broker (Brazil). CNV-registered (Argentina). Colombian Superintendencia Financiera supervised.
- FDIC insurance
- No
- MiCA compliant
- No
- Founded
- 2014
- HQ
- Mexico City + São Paulo + Buenos Aires
Fees
- Monthly account fee
- Free
- Trading fee
- —
- Withdrawal fee
- Variable
Yield & products
- Earn yield
- 3–7% on USDC + USDT
- Max APY
- 7%
- Staking
- Yes
- Crypto-backed loans
- No
- Supported coins
- 60
Banking
- IBAN
- No
- Debit card
- No
- DeFi access
- No
- NFT support
- No
Regions
- Regions available
- LatAm, BR, MX, AR
- Markets served
- —
Support
- Trustpilot
- N/A
§ 04 FAQ
Frequently Asked Questions
Is Bitso safe? +
Bitso has a regulatory status of: CNBV-registered (Mexico). Operating under Mexican Fintech Law (Ley Fintech 2018). Bacen-supervised + CVM-licensed broker (Brazil). CNV-registered (Argentina). Colombian Superintendencia Financiera supervised.. Always verify current regulatory status directly with the platform before depositing.
What is the maximum APY on Bitso? +
Bitso currently offers up to 7% APY. Rate as of 2026-04-29. Rates change — always check the platform for current rates before depositing.
Where is Bitso available? +
Bitso is available in: LatAm, BR, MX, AR. Markets served: .
Does Bitso have a debit card? +
No, Bitso does not currently offer a debit card.