Navigating MEXC Exchange: Supported Countries and Beyond
Introduction: Decoding MEXC's Geographic Reach
Curious about the countries MEXC Exchange caters to? Wondering if it's available in the US and Europe? This breakdown provides an overview of MEXC's supported and restricted countries, shedding light on its global accessibility.
MEXC's Global Footprint
Founded in 2018, MEXC Global has evolved into a prominent global exchange boasting approximately 10 million users worldwide. With a workforce exceeding 500 professionals, the exchange has expanded its reach, securing licenses in Canada, Australia, Estonia, and the United States.
The platform's success is underscored by a user base surpassing 6 million individuals, and its mobile application has witnessed over a million downloads. Offering a diverse range, MEXC hosts over 1000 cryptocurrencies, 2000 trading pairs, and stands out with competitive trading fees.
Inclusivity Across 170 Countries
MEXC Global extends its arms to over 170 countries globally, fostering a truly inclusive environment. Residents of Europe, South America, Asia, and numerous other regions can sign up and engage with the exchange without KYC restrictions.
Restricted Territories: The Exceptions
While MEXC is available across most countries, there are exceptions. The platform is not accessible in the United States, Canada, China, and OFAC countries like North Korea, Iran, and Cuba.
For US-based users seeking regulated exchanges, eToro or Uphold are recommended. These user-friendly platforms enable secure deposits and investments in a multitude of digital assets.
Canadian residents, restricted from MEXC, can consider Uphold—a FINTRAC-regulated platform offering a wide array of over 300 cryptocurrencies.
Regulatory Status: MEXC's Legitimacy
MEXC, headquartered in Seychelles, is not currently regulated by financial authorities. While this may raise questions, the platform has proven its legitimacy over its five-year tenure, accumulating a substantial user base.
Geographic Accessibility: Key Questions Answered
Is MEXC Available in the US?
No, MEXC is not accessible in the United States, lacking an official license from FinCEN. American users visiting the MEXC website receive a restriction notice.
Can I Use MEXC in the UK?
As of now, UK residents can use MEXC services even without FCA regulation. For those preferring FCA-regulated platforms, eToro and Uphold are recommended choices.
Can I Use MEXC in Canada?
Unfortunately, Canadians are currently restricted from using MEXC. VPN usage might be necessary for those wishing to bypass these restrictions.
In Conclusion: MEXC's Legitimacy and Reach
In essence, MEXC stands as a legitimate global exchange, providing access to a vast array of cryptocurrencies. While geographical restrictions apply, its widespread accessibility makes it a significant player in the cryptocurrency trading landscape. Whether you're a seasoned investor or a novice, understanding MEXC's supported countries is crucial for navigating the ever-evolving world of digital assets.