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Buying Real Estate in Mexico with Crypto

Purchasing real estate in Mexico with cryptocurrencies is possible, but still new and full of unique challenges. It’s been done—Jonathan and his team successfully closed a property purchase in Mexico City using crypto directly, without converting to pesos or dollars. Legally, these transactions are treated as an exchange of assets, and Mexico’s civil code supports that framework. The real obstacle is education. Buyers, sellers, notaries, attorneys, banks, and even local governments are still learning how crypto transactions fit into real estate. The law is clear enough, but the confidence and know-how to carry out these deals aren’t widespread. That’s why transactions usually require specialized professionals and often multiple conversations with notaries and authorities before everyone feels comfortable. For foreigners, structure matters. Using a fideicomiso (bank trust) is difficult when crypto is involved, since banks’ compliance departments rarely approve it. A safer route is setting up a Mexican corporation, which allows you to bypass the bank trustee and close the deal more smoothly—though this comes with ongoing accounting obligations. There are still gaps. The most pressing is the lack of a crypto escrow service in Mexico. Without one, there’s no neutral third party to hold funds during the deal, creating risk for both sides. Discussions with fintech companies are ongoing, but for now, it’s a weak point. Another issue is commissions: should brokers or agents be paid in Bitcoin, and how would that be taxed or regulated? Those answers aren’t standardized yet. One practical approach is a blended payment model: about 75% in crypto and 25% in USD or pesos. This allows crypto to be recognized in the deal while ensuring there’s enough traditional currency to cover essentials like escrow deposits, broker commissions, closing costs, acquisition tax, and capital gains. Since those can’t be paid in crypto, maintaining a portion in fiat is necessary. This balance benefits both sides. Buyers can leverage their crypto, while sellers receive immediate liquidity to cover taxes and expenses without having to convert crypto themselves. It also avoids the risk of a 100% Bitcoin sale, where sellers might be forced to liquidate at an unfavorable exchange rate. At this stage, crypto deals make sense only if the seller genuinely wants to be paid in cryptocurrency. If the seller plans to convert immediately, closing in cash is usually simpler and more tax efficient. Crypto transactions aren’t mainstream yet—they’re complex, require the right team, and still face unresolved issues like escrow and commission handling. But they are possible, and with Bitcoin trading near all-time highs and younger buyers driving demand, they’re likely to grow in popularity. For help with buying real estate in Mexico with cryptocurrencies: Fletcher Wheaton – [email protected] Jonatan Espinosa – [email protected]