This article provides a step-by-step guide on how to deposit Mexican peso (MXN) into your BingX account via SPEI and how to use your MXN balance to buy crypto. Whether you are new or experienced, this guide will help you complete the entire process from fiat deposit to crypto purchase.

SPEI deposit

Step 1: Log in to the BingX app. On the homepage, tap "Deposit" and select "Deposit MXN" to open the deposit page. Before buying cryptocurrency via "Fiat Deposit", you need to complete KYC verification (BingX Tutorial | How to Complete KYC or Identity Verification).

Step 2: Select the fiat currency to deposit, enter the payment amount, choose the desired payment method and rate, then tap "Continue."

Note: CURP verification is required. You can attempt verification up to 3 times per day.

Step 3: Carefully verify your order information and fees.

Step 4: Carefully check the remittance information. The transfer amount must match the order amount. Otherwise the funds cannot be credited to your account, and you will be responsible for any related fees.

Notes:

1. The name used for payment must match the information provided during identity verification. Any mismatch in account information may result in a failed deposit. If all required information has been provided, the refund process typically takes 7-14 business days.

2. Ensure the remittance information and amount match what is shown on the platform. Otherwise, the funds cannot be credited to your account, and you will be responsible for any related fees.

Step 5: After completing the transfer, tap "Transferred" and wait for the funds to arrive. Arrival time depends on your bank's processing time.

Buy crypto with MXN

Step 1: Tap "Account" - "Fiat Account" - tap "MXN"

Step 2: Enter a payment amount and click "Convert".

Note: Minimum exchange amount is 20 MXN

Step 3: Click "Assets" - "Asset Records" to view your conversion records.

Convert USDT to MXN

Step 1: Tap "Account" - "Convert" - tap "Fiat"

Step 2: Confirm the conversion direction is correct, enter the payment amount, and tap "Convert"

Note: Minimum exchange amount is 10 USDT

Step 4: Tap "Convert". After the conversion is complete, you can tap "View Details".

SPEI withdrawal

Step 5: Tap "Withdraw" - select a fiat currency

Step 6: Select the fiat currency and payment method for your withdrawal

Step 6: Select an added bank account, then tap "Submit"

Please Note:

1. The platform only supports withdrawals to verified deposit source accounts. The bank account you use for withdrawal must have been used to complete a deposit before.

2. If you have not completed any MXN deposits, you cannot add or use the withdrawal function.

Please Note:

1. You can link up to 5 deposit accounts.

2. Only bank accounts under your name are supported. All deposit and withdrawal operations must use a bank account that matches your identity information (CURP).

3. CURP verification is limited to 3 attempts per day.

4. Withdrawal processing may take 1-3 business days, depending on your bank.

MXN deposit fees and minimums

MXN withdrawal fees and minimums