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 crypto via "Fiat Deposit", complete KYC verification (BingX Tutorial | How to Complete KYC or Identity Verification).

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

Note: CURP verification is required. You can verify 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. Ensure the name used for payment matches 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 working 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 accounts. The bank account you use for withdrawals must be an account that was previously used for deposits.

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 personal bank accounts are supported. All deposit and withdrawal operations must use bank accounts that match your identity information (CURP).

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

4. Withdrawals may take 1-3 business days to process, depending on your bank.

MXN deposit fees and minimums

MXN withdrawal fees and minimums