You can now buy and sell eUSD balance using your local bank account in pesos instantly.
A benefit for those who send dollars from the U.S. to Mexico and for those who receive them.
In addition to receiving eUSD balances from the U.S. and Latin America with no fees and instantly, you can now:
✅ Sell eUSD balance for Mexican pesos and receive them in your local bank account.
✅ Buy eUSD balance using Mexican pesos from your local bank account, and send it to 13 Latin American countries instantly and without fees.
How does it work?
To buy eUSD:
You just need to register the “CLABE” (Mexican bank account number) of your bank account in pesos in UGLYCASH, and that’s it — you’ll be able to carry out all your transactions easily.
To sell eUSD:
Request your MXN bank account details, and share them with the person who will make the transfer. Voilà! 🥐 Once the funds are received, you’ll get your eUSD.
⚠️ Important note: All funds received through this method are automatically converted into eUSD in your UGLYCASH balance. This is called a purchase of eUSD with Mexican pesos.
When sending funds through this method, an automatic sale of eUSD is executed: you're selling eUSD to buy Mexican pesos.
Sell eUSD for Mexican pesos
Here’s how to sell eUSD for pesos. Follow these simple steps:
In the UGLYCASH app, tap the “Withdraw” button.
Choose the option “MXN Bank Transfer”.
Enter the CLABE of the destination account, the bank name, and the recipient’s name.
Enter the amount of eUSD you want to sell, and the app will calculate the amount you'll receive based on the current exchange rate. Then, select “Withdraw”.
The app will show you the transaction details. After pressing “Confirm”, just wait a few moments for the bank to complete your transaction.
Done! You've just completed your crypto asset sale in minutes and the most convenient way ✅
👉 Remember: You can only send to local physical bank accounts in Mexico.
Buy eUSD with Mexican pesos
To buy eUSD using Mexican pesos, follow these steps:
In the UGLYCASH app, tap the “Deposit” button.
Select the option “MXN Bank Transfer”.
If you don't have a Virtual Account in Mexico, request one by accepting the terms and conditions.
Then simply share the details of your Virtual Account in Mexico with the person making the transfer from a local Mexican bank.
👉 Remember: You can only receive from local physical bank accounts in Mexico.
Limits
For now, there are no maximum limits for buying or selling eUSD with Mexican pesos! 🤑