I live in Mexico and found a great way to buy and sell bitcoin. You may have read the post I made about my BitPay card account being closed on me. If you didn't you can get the whole story at [My Bitpay Debit Card Account Was Closed And I Need An Alternative Asap](https://steemit.com/bitcoin/@luzcypher/my-bitpay-debit-card-account-was-closed-and-i-need-an-alternative-asap)

This left me with no access to cash and not able to pay bills. Luckily my friend @mithrilweed had a BitPay card and was good enough to come to my house and help me out.

I transferred some bitcoin to his card and pulled some cash out of an ATM to get some cash in my pocket until I figure out what to do. *Thanks @mythrilweed! You are a true friend.*

One option was to sell bitcoins through [LocalBitcoins.com](https://localbitcoins.com/) which I have used once to [buy some bitcoin from the local OXXO store](https://steemit.com/bitcoin/@luzcypher/my-first-time-using-localbitcoins-com-to-buy-bitcoins) (*like 7-Eleven*) but am not verified to sell bitcoin there yet. It would take a while to do that so I found another way.

[Bitso.com](https://bitso.com/?ref=yafn) is the largest exchange in Mexico and I started an account there which links up with my Mexican bank account. Now I can sell bitcoin and transfer it right to my bank account to pay bills and with my debit card can order things online and use ATMs.

<center>[![bitso_exchange.png](https://s1.postimg.org/7kcntang0f/bitso_exchange.png)](https://postimg.org/image/7yj3k5vqvf/)</center>

<center>[Image credit](http://www.newsbtc.com/2016/04/28/bitso-raises-us1-85m-boost-mexican-bitcoin-remittance/)</center>


It worked great when I used it for the first time today. With reasonable fees to trade and no fees to transfer money in or out of my account, I'm very pleased with how it works. 

Bitcoin was selling today for just over $80,000 pesos for 1 bitcoin!

They also have a tab to translate the site to English. The video tutorials on how to set it all up is in Spanish though, but even without the tutorial, it was pretty intuitive and easy to figure out how it worked.

<center>[![bitso_logo.png](https://s1.postimg.org/1bm88fxdhr/bitso_logo.png)](https://postimg.org/image/182maq4arv/)</center>

<center>[Image credit](https://www.linkedin.com/company/bitso-sapi-de-cv)</center>

There is a 5300 peso per day limit once I verified with my cell phone (*about $286 USD*) but I will be able to lift that soon. I just need to send them a picture of my ID, a copy of my recent water or electric bill, and make a transfer from my bank to the exchange one time.

Then they will lift my limits to 150,000 pesos per day (*$8112 USD*/day) with a monthly max of 480,000. (*$25959 USD/month*) They do have a higher level than that but it's more than I will ever need.

<center>[![bitso_account_levels.png](https://s1.postimg.org/1jt087n8r3/bitso_account_levels.png)](https://postimg.org/image/34ir7okg7f/)</center>

So, not only is the problem fixed but I can pay all my bills automatically now. Viva Mexico!

Someone without a bank account could still fund it by depositing cash at a local store like OXXO and buying bitcoin just to have some crypto so you don't need to be banked if you're only going to buy bitcoin.

Bitcoin, Ripple, and Ethereum are the only coins they have on the exchange at the moment and they can all be bought and sold both with pesos and with the coins as well. Once you turn them into pesos though, you must either buy some coins or transfer the pesos to your bank within 24-hours. 

<center>[![bitso_wallet.png](https://s1.postimg.org/5hldow6u1b/bitso_wallet.png)](https://postimg.org/image/3wvmpf9mkr/)</center>

Crypto can be held in your accounts longer but pesos must be used or transferred within 24-hours because they are not a bank. You can also fund your account with cash deposited at any OXXO and a few other popular stores in Mexico, and once in your [Bitso account](https://bitso.com/?ref=yafn) you can use it to buy crypto.

If you're in Mexico and you're looking to trade Bitcoins, Ethereum, or Ripple for Mexican pesos or visa versa then I recommend trying [Bitso.com](https://bitso.com/?ref=yafn)

http://i.imgur.com/ecWyGYy.png

### Related Posts ###

[My Bitpay Debit Card Account Was Closed And I Need An Alternative Asap ](https://steemit.com/bitcoin/@luzcypher/my-bitpay-debit-card-account-was-closed-and-i-need-an-alternative-asap ) --- by @luzcypher<br/>

[My First Time Using LocalBitcoins.Com To Buy Bitcoins ](https://steemit.com/bitcoin/@luzcypher/my-first-time-using-localbitcoins-com-to-buy-bitcoins ) --- by @luzcypher<br/>


http://i.imgur.com/ecWyGYy.png

<center>[![luzcypher-emoji-verified-2.png](https://s16.postimg.org/fg72y0snp/luzcypher_emoji_verified_2.png)](https://steemit.com/@luzcypher)</center>

<center>Learn more about [Basic Universal Income here](http://steem.link/GRTCoin)</center>