MEXC Available and Restricted Countries

MEXC Restricted Countries

MEXC does not provide services in certain regions due to legal and regulatory restrictions. Users from these locations cannot register, trade, or access the platform.

• North America: United States and Canada
• Europe: United Kingdom and Russian-controlled regions of Ukraine (Crimea, Donetsk, Luhansk, Sevastopol)
• Asia: Mainland China, Hong Kong, Singapore, Iran, and North Korea
• Middle East & Africa: Syria and Sudan
• Caribbean: Cuba

Misrepresenting your location can result in account termination and liquidation of open positions. Always review the latest policies before using the platform.

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What Countries Is MEXC Available?

MEXC serves over 30 million users across 170+ countries, making it one of the most widely used crypto exchanges. According to Similarweb data, the highest user engagement comes from:

• Asia: Japan (6.01%), Philippines (5.31%)
• South America: Brazil (5.39%)
• Africa: South Africa (3.81%)
• Europe: Russia (3.35%)

MEXC’s popularity in these regions is driven by support for local fiat deposit options like JPY, PHP, RUB, BRL, and others, making it more accessible to traders worldwide.

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Is MEXC Licensed and Regulated?

No, MEXC is not licensed or regulated in major financial jurisdictions. Regulators in Hong Kong, Japan, Germany, Canada, Austria, and Estonia have warned against the platform for operating without authorization.

In November 2023, Estonia’s FIU revoked MEXC Estonia OÜ’s license, which handled payments for the exchange. Hong Kong’s SFC, Germany’s BaFin, Australia’s ASIC and Japan’s FSA have also flagged MEXC for unlicensed operations.

Users should be aware of the risks of trading on an unregulated exchange, including potential legal restrictions and lack of consumer protections.

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Does MEXC Require KYC?

MEXC allows users to trade without KYC, but verification is required for higher withdrawal limits and access to certain features.

• No KYC: Limited to 10 BTC in daily withdrawals with no OTC trading access.
• Primary KYC: Requires basic personal details and ID verification, increasing the withdrawal limit to 80 BTC.
• Advanced KYC: Adds facial recognition, raising the withdrawal cap to 200 BTC and enabling full OTC trading.
• Institutional KYC: Designed for businesses, offering a 400 BTC withdrawal limit.

Some regions impose additional restrictions on non-KYC users. If you prefer a platform with higher limits and no KYC requirements, check out our best no-KYC exchanges available worldwide.

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About MEXC

MEXC is a cryptocurrency exchange that offers spot, futures, and margin trading for a wide range of digital assets. Since launching in 2018, it has grown to serve over 30 million users across 170+ countries, providing deep liquidity and fiat on-ramp support. The platform has faced regulatory warnings in multiple regions, so traders should check local rules before using it.

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Final Thoughts

MEXC offers global crypto trading but is restricted in the U.S., Canada, the U.K., China, and several other regions due to regulatory issues. It operates without major licenses, posing risks like legal uncertainty and limited consumer protections. 

While no-KYC trading is available, users should weigh accessibility against security and compliance before choosing the platform.