Many cryptocurrency traders are limited by regional blocks that prevent them from accessing top-tier exchanges like MEXC. With its fast and efficient order matching and 0% fees on maker orders in spot and futures markets, MEXC is famous amongst crypto traders. The only downside is it is affected by regional blocks. Bummer!
To avoid regional issues, consider using a VPN to virtually transport to a region where the platform is fully operational and meets all the regulatory requirements. In this guide, we will discuss the reasons for choosing MEXC as your crypto exchange, bypassing restrictions that might affect you.
MEXC is a centralized cryptocurrency exchange that offers efficient digital asset trading. The exchange serves over 10 million users across more than 170 countries and supports 2,700+ cryptocurrencies and 3,000+ trading pairs with 0% maker fees on spot and futures markets.
MEXC is restricted in many countries but can be accessed through a VPN.
Here’s what you need to do:
MEXC is unavailable in numerous countries, including:
Crypto exchanges face bans in various countries. MEXC is also restricted to use in some regions due to the following reasons:
In some countries, MEXC doesn't meet specific local laws and financial authority requirements. The exchange also does not have a service license and doesn't meet regulations in some countries.
Some countries are put under international sanction programs, so MEXC can't operate there. When it comes to political instability, it becomes challenging for citizens who have invested money in various exchanges to manage crypto transactions.
BREAKING:
— WF (@WhaleFUD) December 23, 2024
MEXC, the only major exchange listing HEX and PulseChain, will delist both tokens due to founder Richard Heart being on Interpol’s Most Wanted list. pic.twitter.com/3PAh94Ihpp
Many countries have scrutinized MEXC as it has originated from a region with easy-to-comply financial regulations. The platform has also faced warnings by Germany's BaFin and the British Columbia Securities Commission.
You need to make an account on MEXC to start your trade.
Register an account on a website and app. You can also use Google, Apple, MetaMask, or Telegram for quick access. Verify your account through an email or SMS.
Now, you will have to buy crypto by linking your account. Select your fiat currency and choose a payment method to credit your account with some funds.
If you are willing to sell your coins now, select the cryptocurrency you want to sell and the desired fiat currency. Choose a payment method for the buyer. After the order is processed, the buyer will pay using the selected cryptocurrency.
MEXC offers trading without KYC. As the process can make you credible on the platform, you must comply as it increases the withdrawal limit too.
With an attractive feature set, MEXC is the choice of many traders. Some of the benefits you get while trading are:
MEXC has the most extensive collection of digital assets and is famous for listing new altcoins and meme coins.
Trading and making an account non-MEXC is effortless. The process is fast and only needs an email address. You can start trading immediately once you add the verification code to your email.
Demo trading is one of the promising features that the MEXC people love. You can use the Demo Trading interface to practice before you start and receive a $50,000 test account that gives you a simple, risk-free way to try futures trading and other trading options on the MEXC Exchange.
If you are someone who is not willing to trade every day, MEXC offers plenty of options such as savings, simple earnings, and new token mining with fixed and flexible terms in exchange for rewards.
You can experience Launchpad investing in new blockchain projects through a selection process. Earn airdrops by holding MX tokens. Also, you can use Kickstarter to vote on new projects and earn rewards.
MEXC is unregulated in many countries due to non-compliance with local and international financial standards. In the US, Canada, and Germany, MEXC has faced many licensing issues. There have been complaints about MEXC locking users' funds without reason and never responding when they reached out.
Also, as the platform works without KYC (Know Your Customer), it is considered a red flag for many as they prefer privacy-focused authorization when it comes to financial trading.
People also feel that, although the platform has an extensive user base and many trusted investors, it is not safe for Futures Trade.
Some Reddit users also feel that as MEXC lists too many coins, some do not exist or are just scams to facilitate every investor, regardless of funds' security.
People on Twitter feel that MEXC will stop trading in trustworthy coins without any notice and for no valid reason, so they are making their reputation shaky.
🚨Stay Away From MEXC - An Absolute Disaster! 🚨
— ⎔ Brownie'ᔕ - MIDLIFE ADVENTURE ⎔ (@RobBrow22393477) December 28, 2024
I cannot stress this enough: MEXC is NOT a trustworthy platform! Their recent actions against the PulseChain community prove they are nothing but a cowboy rogue outfit with zero regard for their users or the broader crypto… https://t.co/Vv3JvgS0ER pic.twitter.com/iGXj6vQw9A
It isn't easy to maintain a reliable reputation in the market. Specific indicators can help investors turn down the crypto platforms. MEXC is also facing a backlash as people feel it is hyped and manipulates the market with its freezing and stealing tactics.
Crypto trading is risky! Phishing attempts, identity theft, and loss of finances are common if you have not taken any measures to protect your privacy. Keep your data safe with PureVPN's 256-bit AES encryption, obfuscated servers, and internet kill switch.
Yes. Using a free VPN would work, but might expose your identity to the banned platforms, resulting in account suspension or blacklisting. You must always use premium VPN services to access financial platforms, including banks, crypto, and other online applications.
Moreover, free VPNs have limited server access, and they collect your sensitive data and sell it to others. Plus, they might install malware and viruses into your devices in exchange for money.
A VPN helps bypass regional restrictions that may block access to MEXC in certain countries. It protects your online privacy through encryption of internet traffic and secure sensitive trading data.
Absolutely! PureVPN supports Windows, macOS, iOS, and browser extensions. This ensures you can access MEXC securely on your preferred device.
Yes! PureVPN can help you access a wide range of cryptocurrency platforms, ensuring unrestricted, secure, and private trading on multiple exchanges.
If you value privacy, want to stay protected on risky exchanges, and wish to bypass region locks without any bans, PureVPN can be your best bet. You get the best value for money with an internet kill switch, high-speed servers, and 256-bit AES encryption.
MEXC is available globally in 170+ countries except in Singapore, the US, the UK, Canada, Sevastopol, and Russian-controlled regions of Ukraine, North Korea, Cuba, Sudan, Syria, Hong Kong, Iran, and Mainland China.
Yes. You can access MEXC in the US with a reliable VPN service. MEXC is banned in the US as it does not comply with regulatory requirements. However, using a VPN helps change your IP address to a region where MEXC is fully allowed to operate.
Here's how:
Get a PureVPN subscription & download the app.
Sign in and connect to the country where MEXC isn't banned.
Your location has changed from the US to another country & you can now trade on MEXC!
MEXC offers a robust platform for crypto trading with many coins and amazing features. The platform has faced restrictions due to non-compliance with legal laws, so you can't access it in all countries. PureVPN can bypass region restrictions for you, keeping your data secure so that you can trade & invest without the hassle of being locked.