Cryptocurrency Capital Gains Mexico

When you sell or trade cryptocurrency capital gains, the profit you make from selling crypto after buying it at a lower price. In Mexico, this profit is treated as taxable income under the capital gains tax rules. Unlike some countries that ignore crypto gains, Mexico’s tax authority, SAT, considers any sale, trade, or exchange of crypto a taxable event—even if you didn’t convert it to pesos.

That means if you bought Bitcoin at $30,000 and sold it later at $45,000, you owe taxes on the $15,000 gain. The same applies if you traded Ethereum for Solana, or used BNB to buy an NFT. The value is calculated in Mexican pesos at the time of the transaction. You’re not taxed on holdings—you’re taxed when you move or spend them. This is different from countries like Portugal or Singapore, where holding crypto is tax-free. In Mexico, every trade leaves a paper trail.

Mexican crypto regulations, the legal framework governing digital asset use and taxation. While crypto isn’t legal tender, it’s recognized as a financial asset. The SAT requires individuals to report crypto transactions in their annual tax return (Declaración Anual). If your total crypto gains exceed 400,000 pesos in a year, you must pay income tax at progressive rates—up to 35%. There’s no exemption for small trades. Even if you made $500 in profit from a single swap, it’s reportable. Many people assume small gains are ignored, but SAT uses blockchain analysis tools and partners with exchanges operating in Mexico to track activity. And if you use a foreign exchange like Binance or Kraken? You’re still required to report it. Mexico doesn’t care where the transaction happened—only that you’re a tax resident.

crypto income tax Mexico, the specific tax applied to profits from digital asset transactions. The key is keeping records: date, amount, value in pesos, and purpose of each transaction. Wallet addresses, transaction IDs, and exchange statements matter. No receipts? You risk penalties. Some people try to mix transactions or use privacy coins to hide activity, but that’s risky. SAT has been auditing high-volume traders since 2023, and fines for undeclared gains can reach 75% of the evaded tax. The system isn’t perfect—many still don’t file—but the pressure is growing. Banks now ask about crypto holdings when opening accounts, and crypto platforms are required to share data with SAT under international agreements.

What about mining or staking rewards? Those count as income when you receive them, not when you sell. If you earned 0.5 ETH from staking and it was worth 120,000 pesos at the time, that’s your taxable income. Later selling it triggers another capital gain on top. There’s no step-up in basis. No loopholes. No special treatment for DeFi.

You don’t need to be a millionaire to be affected. A student who bought Dogecoin in 2021 and sold it for a 20,000-peso profit in 2024 has to report it. A freelancer paid in USDT who converted it to pesos for rent also owes tax. The rules apply to everyone. The real question isn’t whether you’re taxed—it’s whether you’ve kept the records to prove what you owe.

Below are real cases, scams, and regulatory updates that show how crypto taxes play out in Mexico. You’ll find guides on how to track your trades, what exchanges report to SAT, and how to avoid costly mistakes. No theory. No guesswork. Just what’s happening on the ground in 2025.