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How to buy digital dollars on Bitsave using SPEI

Equipo BitsaveAuthor
May 7, 20263 mins de lectura min read
How to buy digital dollars on Bitsave using SPEI

What can you buy on Bitsave?

Currently, on Bitsave you can convert Mexican pesos to:

  • USDC (digital dollars)

  • USDT

  • Bitcoin

  • Other assets available within the app


What is USDC and USDT?

USDC and USDT are digital assets that aim to maintain a value close to the US dollar.

Many people use them to:

  • Save in digital dollars

  • Protect yourself from devaluation

  • Move money internationally

  • Maintain stable digital balance


How to buy via SPEI on Bitsave

Step 1: Enter the app

Open Bitsave and log in to your account.

If you don't have an account yet:

  • Download the app

  • Sign up

  • Complete your verification process


Step 2: Select “Deposit”

Within the app you will find the option to deposit Mexican pesos.

Bitsave will show you:

  • Account number

  • receiving bank

  • CLABE

  • Reference (if applicable)


Step 3: Make the SPEI transfer

From your mobile banking or banking application:

  1. Add the account provided by Bitsave

  2. Make the SPEI deposit

  3. Confirm the transfer

You can send pesos from practically any bank in Mexico.


What happens after the deposit?

Once the system detects your SPEI transfer:

  • Mexican pesos are automatically converted to the selected asset

  • The purchase is executed using the exchange rate reflected within the app at the time of the operation

  • The balance is credited to your Bitsave account

Depending on the configuration selected, you can receive:

  • USDC

  • USDT

  • Bitcoin

  • Other assets available in the app


Automatic conversion to digital dollars

One of the advantages of Bitsave is that the process is automatic.

You don't need:

  • Do manual trading

  • Convert currencies step by step

  • Use complex platforms

You deposit Mexican pesos and the system automatically executes the conversion to the selected asset.


How long does it take?

The time may vary depending on the bank and the schedule, but normally:

  • SPEI are reflected in minutes

  • Accreditation of the asset is usually quick


What options do I have when receiving USDC or USDT?

Once the funds are credited, you can:

  • Keep them in digital dollars

  • Convert them back to pesos

  • Withdraw them to your bank

  • Send digital assets

  • Buy other assets available within the app


Why do many people use digital dollars?

Many people use USDC or USDT because they are looking for:

  • Less exposure to peso devaluation

  • A digital way to hold dollar value

  • Fast and global transfers

  • Simple access to digital assets


Security

Bitsave uses verification processes and security measures to protect user accounts and operations.

Furthermore, digital asset custody uses institutional infrastructure.


Quick summary

  1. You enter Bitsave

  2. You get the deposit data

  3. You send a SPEI

  4. The system detects the payment

  5. Weights are automatically converted

  6. You receive USDC, USDT or other available assets


References

[1] Bank of Mexico. “Interbank Electronic Payment System (SPEI).”https://www.banxico.org.mx/spei/

[2] Circle. “USDC Transparency and Reserves.”https://www.circle.com/transparency

[3] Tether. “What is USDT?”https://tether.to/

[4] BitGo. “Digital Asset Custody.”https://www.bitgo.com/


Important notice

This content is informational and does not constitute financial, tax or legal advice.

Digital assets may involve risks, including volatility, regulatory changes and technological risk.

Before making financial decisions, consult a professional.

Virtual assets are not legal tender in Mexico and are not backed by the Federal Government.