Crypto Trading Tax Mexico: What You Need to Know in 2025

When you trade crypto in Mexico, the crypto trading tax Mexico, the tax obligation on profits from buying, selling, or swapping digital assets under Mexican law. Also known as cryptocurrency income tax, it’s not optional—crypto gains are treated as taxable income by the SAT, Mexico’s tax authority. Unlike some countries that ignore crypto, Mexico requires you to report every trade, even if you didn’t convert to pesos. If you bought Bitcoin for $10,000 and sold it for $15,000, that $5,000 profit is taxable—even if you used it to buy ETH or a NFT.

The Mexican crypto taxes, the rules enforced by the Servicio de Administración Tributaria (SAT) on digital asset transactions follow the same logic as stocks or foreign currency: capital gains apply. You’re taxed on the difference between what you paid and what you got when you disposed of the asset. This includes trades between cryptocurrencies. So swapping SOL for AVAX? That’s a taxable event. The SAT doesn’t care if you didn’t cash out to fiat—you still owe tax. And yes, they’re catching up. In 2024, the SAT started requiring exchanges operating in Mexico to report user transactions. Even if you use a foreign exchange like Binance or Kraken, you’re still legally required to report.

What about airdrops and staking? The crypto regulations Mexico, the legal framework governing digital asset use, reporting, and taxation in Mexico treat airdropped tokens as income at their fair market value on the day you receive them. Staking rewards? Also income. If you got 100 tokens worth $200 in June and sold them in August for $300, you pay tax on $200 as income and $100 as capital gain. No gray area. No exceptions. And if you’re a freelancer paid in crypto? That’s salary. You report it as regular income.

Reporting isn’t complicated, but it’s easy to mess up. You need to track every transaction: date, asset, amount bought, price in MXN, amount sold, price in MXN. No spreadsheets? You’ll get hit with penalties. The SAT doesn’t accept estimates. They want proof. Most people use free tools like Koinly or CoinTracker to auto-import their wallets and exchanges. These tools calculate your gains, generate the SAT’s required Form 11, and even help you file.

Here’s the catch: Mexico doesn’t have a capital gains tax rate. Instead, crypto profits go into your overall income tax bracket. If you make over 500,000 MXN a year, you could be paying up to 35% on your crypto gains. That’s higher than many other countries. But here’s the good part: you can deduct losses. If you lost money on a trade, you can offset it against your gains. That’s how smart traders reduce their tax bill—by timing losses to balance out wins.

You don’t need to be a tax expert to get this right. But you do need to be honest. The SAT is watching. And if you’re caught hiding crypto income, you could face fines, interest, or even criminal charges. This isn’t theoretical—there have been audits. People who ignored crypto taxes are now paying back taxes with penalties. You don’t want to be one of them.

Below, you’ll find real reviews and breakdowns from traders who’ve been through this. Some got lucky. Others got burned. All of them learned the hard way. Whether you’re swapping tokens on a DEX, earning yield on a new protocol, or just holding through volatility—this is the info you need to stay compliant, not scared.