ObjectiveThis article reports on a qualitative study, phenomenological approach, with a sample of Latinx fathers of transgender and gender‐diverse people.BackgroundResearch shows that acceptance by parental figures is crucial for the development and well‐being of transgender and gender diverse people. However, little research has focused on the experiences of fathers. Specific to Latinx fathers, cultural values, beliefs, and traditions might be instrumental in their journey toward accepting their transgender and gender diverse child.MethodsA descriptive, phenomenological approach was used in this study with Latinx fathers (N = 8). In‐depth, semistructured interviews were completed to explore the lived experiences of the fathers.ResultsQualitative analysis yielded seven main themes: (a) fear of safety and desire to protect child; (b) difficulties adjusting to child's identity; (c) seeking out information and support from other Latinx families; (d) understanding, respect, and empathy; (e) increased sense of involvement and responsibility on LGBTQ+ issues; (f) positive transformation at multiple levels; and (g) influence of Latinx cultural values and beliefs.ImplicationsFindings provide important clinical implications for practitioners, such as creating room for Latinx fathers to process and explore how different Latinx cultural values (e.g., familismo, machismo, caballerismo, religion and spirituality) might facilitate or hinder acceptance of their transgender and gender diverse child.