Cryptocurrency Capital Gains Mexico

When you sell Bitcoin, Ethereum, or any other crypto for profit in Mexico, you’re dealing with cryptocurrency capital gains, taxable profits from selling digital assets that have increased in value. Also known as crypto income tax, this is not optional—it’s enforced by the SAT, Mexico’s tax authority. Unlike some countries that ignore crypto, Mexico treats it like any other asset: if you made money, you owe taxes.

The key thing to understand is that crypto tax Mexico, the legal requirement to report profits from selling or trading digital currencies, applies to every sale, trade, or exchange—even if you swapped Bitcoin for Solana instead of cash. There’s no minimum threshold. Even a $10 profit counts. You must track every transaction: what you bought, when, for how much, and what you sold it for. The SAT doesn’t care if you used Binance, Bitso, or a peer-to-peer app. They care about the outcome: did you gain value?

Reporting is done through your annual income tax return (Declaración Anual). You don’t file separately for crypto, but you must include it under capital gains. The tax rate isn’t fixed—it’s based on your total income, ranging from 1.92% to 35%. If you’re a regular worker and your crypto gains push you into a higher tax bracket, you’ll pay more. No deductions for losses unless you’re a registered business. And yes, the SAT can request transaction history from exchanges operating in Mexico, especially Bitso and Binance MX, which are required to report large or suspicious activity.

Many people think holding crypto means they’re safe. Not true. Holding is tax-free. Selling or trading is not. If you bought 0.1 BTC for $3,000 and sold it later for $5,000, you have a $2,000 gain. That’s taxable. If you used that $5,000 to buy NFTs or stablecoins, that’s another taxable event. Each step creates a new calculation. No one is auditing every small trade—but if you’re making consistent profits, the risk grows. The SAT has tools to cross-check bank deposits with known exchange withdrawals. If your bank account suddenly shows $15,000 and you never reported it, you’ll get a notice.

What about airdrops or staking rewards? Those count as income when you receive them, not when you sell. If you got 100 tokens worth $50 in January and sold them in June for $200, you owe income tax on the $50 when you received them, and capital gains tax on the $150 profit when you sold. It’s two separate taxes. Most users miss this. They only track sales, not receipt.

There’s no official crypto-friendly software in Mexico yet, so most people use spreadsheets or third-party tools like Koinly or CoinTracker, which can export reports in formats the SAT accepts. Keep records for at least five years. If you’re audited and can’t prove your cost basis, the SAT will assume your entire sale amount is profit—and tax you on it.

There’s a big gap between what people think and what the law says. Some believe crypto is unregulated, so it’s tax-free. Others think only large amounts matter. Neither is true. Mexico’s rules are clear: crypto gains are taxable, reporting is mandatory, and penalties for non-compliance can include fines up to 100% of the unpaid tax plus interest. You don’t need to be rich to get caught. One profitable trade is enough.

Below you’ll find real guides, case studies, and warnings from people who’ve been through this. Some learned the hard way. Others found legal ways to minimize their burden. Whether you’re new to crypto or have been trading for years, the rules haven’t changed. What you do next matters.