Other than North America, Middle, and South America just discovered Bitcoins some years ago, mostly in 2014/2015. Most exchanges are relatively new, and due to the lower volume and smaller liquidity, buyers have to pay more in fees and for the spread.
Several exchanges are available in some countries of South and Middle America: Satoshi Tango is a direct vendor for Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, and Peru; Bitex.la offers services in Argentina, Chile, Colombia, and Uruguay.
The P2P-market local bitcoins is available in most countries of Latin America.
- Gift Cards: With the app of Chip-Chap.com you can buy Bitcoin gift cards at more than 5.000 shops.
- Direct: Volabit.com allows people to buy Bitcoin with MXN by bank transfers or depositing cash at OXXO, 7-Eleven, Banamex branches and ATM.
- Exchange: Bitso.com is an exchange for Mexico. Fees are rapidly decreasing with trade volume to as low as 0,1 percent; the spread is relatively small.