How to buy MEP Dollars step by step, the simple way

Aug 18•2 min read

Summary: Learn how to deposit MEP dollars easily, quickly, and 100% legally. Find out how to credit your dollars instantly from your bank account.

Buying MEP dollars today is one of the most popular ways for Argentines to legally acquire dollars.
If you don't yet know exactly what this exchange rate is, we recommend starting with our article What is the MEP Dollar and how does it work in Argentina?

Steps to buy MEP Dollars

  1. Open an investment account with an authorized bank or platform.
  2. Deposit the pesos you want to convert into dollars.
  3. Buy a bond that can be traded both in pesos and dollars.
  4. Wait the required time for the transaction to be completed (parking period).
  5. Sell the bond in dollars.
  6. Receive the dollars in your account and decide whether you want to keep them, invest them, or transfer them to your bank.

Recommendations before trading

  • Always verify that the entity or platform is authorized and regulated.
  • Compare exchange rates and fees before deciding where to trade.
  • If it's your first transaction, start with a small amount to get familiar with the process.
  • Keep the receipts for each transaction.

Beyond the traditional stock-market circuit, there is an alternative designed to simplify the management of your dollars: MEP USD (USDMx), the feature Nexo developed specifically for the Argentine market.

With Nexo, verified users can:

  • Withdraw MEP dollars directly to their local bank account through Banco Industrial.
  • Have those funds credited automatically, 1:1, with no deposit fee, and available instantly as a dollar balance within their account.
  • Use that dollar balance to operate within the Nexo ecosystem: convert it into stablecoins, access savings products (Earn) with daily interest of up to 13% annually, or keep it available as a reserve.
  • Compare Nexo's exchange rate on independent market comparison tools to check the competitiveness of the rate before trading.

In summary

Buying MEP dollars through the traditional stock-market circuit still requires a bond transaction and a settlement period. MEP USD (USDMx) from Nexo offers an alternative for managing and using those MEP dollars within the platform, with 1:1 crediting and access to Nexo's ecosystem of products.

If you'd also like to understand how this exchange rate compares to other dollar rates, you might be interested in our article MEP Dollar vs. Blue vs. CCL: What Are the Differences?

Buy and manage your MEP dollars instantly. Find out how MEP USD (USDM) works on Nexo.
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