Send Money from Mexico to Argentina

Fund Peanut from your Mexican bank via SPEI in seconds, or with USDC. Your recipient spends instantly via MercadoPago — no DNI required.

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Send Money from Mexico to Argentina — Fastest & Cheapest Way

Send money from Mexico to Argentina in seconds. If you have a Mexican bank account, deposit MXN to Peanut via SPEI — funds arrive within seconds, 24/7, using just a CLABE. If you already hold USDC or USDT, deposit those over Solana, Arbitrum, Base, Polygon, Tron, Avalanche, or Ethereum in minutes. Either way, your recipient in Argentina can spend immediately via MercadoPago, withdraw to a bank, or grab cash from a Red ATM — all at the cripto dólar rate, which is meaningfully better than the regulated MEP rate that Western Union, banks, and credit cards use. Your recipient doesn't need a DNI or an Argentine bank account.

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Why Peanut Is the Best Way to Send from Mexico to Argentina

Better Exchange Rate

Peanut uses the cripto dólar rate — a direct USDC-to-ARS market conversion that bypasses the regulated MEP rate banks and Western Union use. If you fund in USD (or hold USDC already), the corridor stack is just the 80bps Manteca leg on the ARS side, so the cripto dólar advantage flows through almost completely. If you fund from a Mexican bank account in MXN, the MXN→USDC leg through Bridge adds a small cross-currency spread on top of that 80bps — still cheaper than MEP-based bank or remittance services, but a little less than a USD-funded transfer.

A $500 transfer typically lands around 625,000 ARS at the cripto dólar rate, versus roughly 575,000 ARS through bank or remittance channels — about 50,000 pesos more on a single $500.

No Hidden Fees

Peanut charges no per-transaction fee on deposits, sends, or withdrawals. SPEI deposits from a Mexican bank are free on Peanut's side (your bank may charge MXN 0–11 — most digital banks like Nu, Klar, and Hey Banco charge nothing). USDC and USDT deposits across all supported networks are free; Peanut covers the gas.

The only cost lives in the exchange rate you see at confirmation — the rate you see is the rate you get, locked at the moment of payment. No hidden percentages, no surprise deductions.

Instant on Both Sides

SPEI settles in seconds, 24/7/365 — including weekends and holidays. Crypto deposits arrive in minutes. Once your balance is funded, sending to Argentina is instant: your recipient can scan a MercadoPago QR, request a Red ATM withdrawal, or push the money to an Argentine bank account in milliseconds.

When time matters — rent due, a medical bill, an emergency — neither side waits 1–3 business days.

No Local Account Needed on the Argentine Side

Your recipient doesn't need a DNI or an Argentine bank account. They verify once with a passport (under 2 minutes for 90% of users), then spend via MercadoPago at over a million merchants, withdraw at Red ATMs, or push pesos to a friend's bank account.

Best Ways to Fund Peanut from Mexico

You have two live deposit paths from Mexico. Pick whichever matches what you already hold.

1. SPEI Bank Deposit (MXN) — Simplest if You Have a Mexican Bank Account

Peanut shows you a CLABE inside the app. You send a normal SPEI transfer from your Mexican bank — BBVA, Santander, Banorte, Nu, Klar, Hey Banco, anyone on the SPEI network. Funds settle in seconds, 24/7/365.

• Speed: seconds (Banxico's scheme target is under 30 seconds)
• Hours: 24/7/365 — no business-day cutoff
• Limits on the Mexican side: SPEI itself caps individual transactions at MXN 8,000,000; your bank's app may have a lower default. No Peanut-imposed cap below standard Bridge review thresholds (~$100k triggers manual review).
• Cost: free on Peanut's side. Your bank may charge MXN 0–11 — most fintechs and digital banks are free.
• KYC: required for SPEI deposits (passport or national ID, under 2 minutes for 90% of users).

This is the fastest, simplest path for any Mexican-resident sender who already banks domestically.

2. Network (Crypto) Deposit — Best if You Hold USDC/USDT

If you already hold digital dollars on Bitso, Binance, Coinbase, or a self-custody wallet, deposit USDC or USDT directly to Peanut on Solana, Arbitrum, Base, Polygon, Tron, Avalanche, or Ethereum. Funds arrive in minutes, Peanut covers gas, and there's no KYC requirement to deposit, hold, or withdraw crypto.

• Speed: minutes (network-dependent — Solana is fastest, Ethereum slowest)
• Cost: free; Peanut covers gas
• KYC: not required for crypto deposits/withdrawals

A USD-funded transfer (including USDC) skips the Bridge MXN leg, so you pay only the 80bps Manteca spread on the ARS conversion at the moment your recipient spends. A SPEI/MXN-funded transfer adds the Bridge cross-currency leg on top.

See the Solana deposit guide, Polygon deposit guide, or Tron deposit guide for step-by-step instructions.

How It Works

1. 1

   Sign up and get verified

   Passport or Mexican national ID verification takes under 2 minutes for 90% of users. KYC is required for SPEI deposits, MercadoPago payments, and bank withdrawals — not for crypto.

2. 2

   Fund Peanut from Mexico

   SPEI transfer in MXN to your assigned CLABE (seconds), or send USDC/USDT on Solana, Arbitrum, Base, Polygon, Tron, Avalanche, or Ethereum (minutes). Both are free on Peanut's side.

3. 3

   Recipient receives instantly

   Once your balance reflects the deposit, sending to the recipient's Peanut account is instant — milliseconds.

4. 4

   Recipient spends locally

   Via MercadoPago QR at 1M+ merchants, cash from Red ATMs, or withdraw to any Argentine bank account.

If you're sending to yourself — a Mexican digital nomad or traveler heading to Buenos Aires — steps 3 and 4 collapse: just deposit and spend directly from your own balance.

Where the Money Goes in Argentina

MercadoPago QR Payments

Pay at over 1,000,000 merchants across Argentina by scanning a QR code. Works at supermarkets (Carrefour, Dia, Coto, Jumbo), restaurants, cafes, kiosks, street food vendors, clothing stores, electronics shops, and pharmacies. The merchant receives pesos instantly in their MercadoPago account and sees a normal MP payment — they don't see how you funded it.

No DNI required for the recipient. Scan, review the ARS amount, confirm.

See how MercadoPago payments work with Peanut

Bank Withdrawal

Withdraw to any Argentine bank account using the cripto dólar rate. Processing typically settles within a business day.

Cash at Red ATMs

Get cash from Red ATMs across Argentina, 24/7, without an Argentine card — generate a QR in the app and scan at the machine. Available in Buenos Aires, Córdoba, Mendoza, Rosario, Bariloche, Salta, Ushuaia, and most major cities. Cash availability varies by location and time of day.

A note on Argentine-side limits: Argentina caps QR/ATM activity for foreign-passport accounts at roughly $2,000 per transaction or per month combined. Most personal transfers and family support sit well below this; residents with a DNI face higher limits.

How Much Does It Cost?

Cost breakdown:

• SPEI deposit (Mexico → Peanut): free on Peanut's side; your bank may charge MXN 0–11
• USDC/USDT deposit on any supported network: free; Peanut covers gas
• Peanut per-transaction fee: none
• Spending via MercadoPago, bank, or ATM: free
• All Peanut costs are embedded in the exchange rate at confirmation — no line items

Be straight about the corridor stack: if you fund in USD or USDC, you pay only the 80bps Manteca leg on the ARS side. If you fund from a Mexican bank in MXN via SPEI, you add the Bridge cross-currency leg on the MXN→USDC step (Bridge 50bps + Peanut's 50bps dev fee), so the end-to-end stack is closer to ~180bps. Either path still beats MEP-based bank and remittance services on a typical $500 transfer.

Comparison table (sending $500 from Mexico to Argentina):

Note: rates fluctuate. The cripto dólar advantage versus MEP typically lands between 2% and 11% on this corridor.

Common Use Cases: Mexico to Argentina

Cross-Border Travelers

Moving between Mexico and Argentina for work, family, or lifestyle? One Peanut balance works in both countries. Hold dollars between trips and convert only at the moment of payment. Pay rent, utilities, and groceries in Buenos Aires at the cripto dólar rate without juggling local bank accounts or eating MEP-rate markups every time you cross the border.

Sending Money to Family

Send to family in Argentina instantly. They receive in their Peanut account and spend via MercadoPago, withdraw to their bank, or pull cash from a Red ATM — all at the cripto dólar rate. The fastest path: a SPEI transfer from your Mexican bank that settles in seconds, hits Peanut, and is spendable in Argentina the moment it arrives. No Western Union queues, no 1–3 day wires.