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BTC/MXN
 

Trade Bitcoin / Mexican Peso - BTC/MXN CFD

1m
5m
15m
30m
1H
4H
1D
1W

Trader sentiment

% Buyers % Sellers
  • Long position overnight fee -0.0500%
    Margin $1,000.00
    Overnight feeCharges from borrowed part ($-0.50) -0.0500 %
  • Short position overnight fee 0.0140%
    Margin $1,000.00
    Overnight feeCharges from borrowed part ($0.14) 0.0140 %
  • Overnight fee time 22:00 (UTC)
  • Min traded quantity 0.01
  • Currency MXN
  • Margin 50%
  • Trading hours (UTC)
    Mon - Thu: 00:00 - 22:00
    22:05 - 00:00
    Fri: 00:00 - 22:00
    Sun: 22:05 - 00:00
  • Commission on trade 0%

Bitcoin to Mexican peso: trade BTC to MXN pair and track its real-time price.

The Bitcoin to Mexican peso pair tracks the relationship between the world’s most popular digital currency, Bitcoin, which serves as the base, and Mexico’s official currency, the Mexican peso, which acts as the counter currency of the pair. The value of BTC/MXN reflects how many Bitcoins it takes to purchase one MXN or how many Pesos are required to purchase one Bitcoin.

Mexico is the 15th largest economy in the world while the Mexican peso is among the 10 most traded currencies, making it a suitable partner for a crypto-to-fiat pair such as BTC/MXN. Mexico’s key commercial partner is the United States and its economy largely relies on the demand from this North American neighbour considering that 80 per cent of the Central American country’s exports go to the US.

Given the high demand that both Bitcoin and the Mexican Peso usually get on the forex market, the BTC to Mexican peso pair should provide a narrower spread resulting from higher liquidity. This benefits traders who wish to conduct operations with BTC/MXN vith lower transaction costs.

Meanwhile, traders can benefit from potential price swings in BTC/MXN by using Contracts for Different (CFDs), which are instruments that provide an alternative to holding the underlying financial assets as they are often cheaper and more easily accessible, providing the possibility to conduct leveraged operations.

After Bitcoin was first presented to a small community of cryptology enthusiasts in 2009 it has progressively gained popularity and attracted the interest of investors, banks, traders, and society as a whole due to the interesting features that come with a digital, non-regulated cryptocurrency.

The blockchain technology is the cornerstone of Bitcoin’s credibility and it relies on a set of decentralised distributed ledgers that record and verify all the transactions made with this cryptocurrency to ensure the transparency and accuracy of the operations conducted with it.

Moreover, Bitcoin has evolved to become not just a popular payment method, but also an attractive financial asset that has turned the eyes of successful financial institutions due to its potential to become a suitable addition to their portfolios.

The New Mexican peso, which is the modern peso, was introduced in 1993 and its value by the time it was presented was 1,000 MXP, which was the country’s previous official currency, also known as the old peso.

The value of the Mexican peso fluctuates based on the market’s supply and demand and it is also affected by the country’s central bank monetary policy decisions. One of the key pairs used to analyse the evolution and strength of the value of the Mexican peso is the USD/MXN pair, considering the importance of the United States for the country’s economy.

The Mexican peso has lost territory against the US dollar recently due to a flight-to-safety reaction triggered by the global coronavirus outbreak. Nevertheless, before the health emergency took place, the peso traded at relatively stable levels that ranged from 18 to 19 USD/MXN for the last 12 months.

Traders can follow a real-time price chart of BTC/MXN provided by Capital.com to analyse trends and identify potential trading signals to take either long or short positions in the Bitcoin to Mexican peso pair.


Trade cryptocurrencies with leverage

Cryptos are available to trade with up to 2:1 leverage. Start trading with as little as $100 to control a position of $200

Crypto CFD’s

  • Trade 24/7 on a wide range of cryptos

  • Buy and sell cryptos to take advantage of rises and falls in price

  • No need to setup crypto wallets and private keys

Profit and loss control

You can easily define Stops and Limits to request positions to close at a specified price.

Set up price alerts to be informed of big moves.

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