If you are looking to send crypto from the US to Mexico, then this is the right place.
You will learn:
- How to send crypto from the US
- Receive the crypto in Mexico
- Cash-out your crypto on several locations
US customers can now safely send crypto to the recipients in Mexico.
The good news is, that recipients can instantly convert their crypto to cash and pick up the cash from a convenient location of their choice in Mexico.
What do you need to send crypto from US to Mexico?
Both users [sender-reciever] need to have Coinbase accounts and verify them.
The sender will send the crypto to the recipient’s email address[which is used for the Coinbase account].
The recipient will get an email that funds [crypto] were sent to them.
However, both need to have an account on Coinbase. Without creating an account and verifying it, you will not be able to send funds.
More than 20000 locations allow recipients to receive crypto and convert it into cash instantly.
There are a few things to keep in mind before sending, and receiving your funds such as verifying your account by providing:
- Legal name
- Date of birth
- Home address
Verifying your identity on Coinbase helps protect you from fraud and allows Coinbase to offer you all of its services and products.
How To Send Crypto From US To Mexico Using Coinbase?
To send crypto from the US to Mexico, follow the step below;
Step 1- Log In to your Coinbase account
The first step is to log in to our Coinbae account. If you do not have one yet, you can create an account on Coinbase here.
Step 2- Send crypto from Coinbase
The next step is to send crypto to the recipient.
Before sending your crypto…
Make sure that you have the following ready:
- Verified account on Coinbase
- Coinbase email address of the recipient
- The cryptocurrency that you want to send
If you do not have only one of the above, you will not be able to send crypto from the US to Mexico.
Let’s start the process. The process is almost the same both on the Coinbase website and Coinbase mobile app.
Click on send crypto [ or tap if you are on the app]
Step 3- Enter the amount
Now choose your asset and enter the amount of crypto you’d like to send.
For example, if you want to send Bitcoin, then select it in the assets field and enter the amount of bitcoin you want to send.
Tap Continue to go to the next step.
Step 4- Enter the recipient’s information
Enter the recipient’s information (either their mobile or email address) and an additional note which is optional, then tap Preview send to check the details once again.
Step 5- Click on Send
Once you have confirmed the transaction details, tap Send now to complete the transfer.
You’ll receive a confirmation in a few minutes when your crypto is successfully sent.
How to receive crypto in Mexico
As I mentioned earlier, as a receiver, you will need to create a coinbase account and verify your identity in order to receive and cash out the funds sent to you.
You will be informed in multiple ways when you are funds are received such as:
- You will receive an email from coinbase
- A notification in the Coinbase app
Step 1- Click on the Notification
When your funds are received, you will get a notification on the Coinbase app.
Open the notification and click on Get My Cash.
Step 2- Enter the amount and pickup location
Now enter the amount you want to cash out and choose the pickup location where you would like to cash out your funds in fiat currency.
Confirm the details and click on Cash out now.
Step 3- Get your receipt
After completing step 2, you’ll receive a receipt with a tracking code and network ID.
Save this receipt because it is necessary to cash out your funds.
Step 4- Tap on View pickup Location
Tap View pickup location to find your nearest location for pick up.
- For example, if you selected BanCoppel as your pickup location, then you’ll see the nearest BanCoppel locations for you to pick up your cash.
Step 5- Cash out your funds
Once you have found the nearest pickup location, it is time to go there and cash out the funds.
Bring your government-issued ID, tracking code, and network ID that you got in step 3 when you pick up your cash
You are done!
If you have any issues with picking up your cash or any withdrawal issues, please visit Remitly’s Help Center for further assistance.
Will this feature be available in more regions?
According to Coinbase, they are working to make this feature available in more regions.
For now, only US customers can send funds to friends and family in Mexico for instant withdrawals.
And only recipients in Mexico can cash out their funds and immediately pick it up.