MEXC is one of the world’s largest crypto exchanges where users can trade over 2,800 coins and tokens. The popular platform has over 30 million users worldwide, so you might be wondering, “Can I use MEXC in Canada?”
No, MEXC is not available in Canada. But the good news is that there are several legit exchanges that make it easy for Canadians to buy and sell cryptocurrency.
Check out our list below for five popular MEXC exchange alternatives in Canada.
MEXC is a crypto exchange that offers trading services in over 170 countries and regions. Founded in 2018 and headquartered in the Seychelles, it offers users the following features.
One of MEXC’s standout features is the huge range of coins and tokens it supports. You can trade over 2,800 cryptocurrencies on the platform, including majors like Bitcoin and Ethereum, as well as newer coins like Kaspa. You can buy using credit, debit or a range of other payment options, and P2P trading also available.
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If you want to trade crypto futures, MEXC offers access to over 600 futures trading pairs. You can trade with up to 400x leverage and take advantage of real-time market data. Exclusive rates are also available for MEXC Futures VIPs.
MEXC Copy Trade allows you to make the same moves as experienced traders on the platform. When the person you follow initiates a trade, an order will automatically be placed on your behalf. Users can get started by transferring funds to their Copy Trade account, filling in their details and selecting a trader to follow.
On most spot trading pairs, MEXC offers a maker fee of 0% and a taker fee of 0.05%. If you’re trading crypto futures, the maker fee is 0.01% and the taker fee is 0.04% (as of February 2025). Crypto deposits are free, but withdrawal fees apply and vary depending on the currency.
MEXC’s fees are quite competitive when compared to the alternative exchanges listed above. Kraken Pro users pay maker and taker fees of 0.23% and 0.40%, respectively, but high-volume traders can take advantage of fee discounts.
The MEXC app is free to download from the App Store and Google Play. You can use the app to access over 3,000 trading pairs, buy and sell crypto quickly and access spot, futures and P2P trading. You can also access 24/7 online customer service through the app.
Multiple provincial securities administrators in Canada have issued investor warnings about MEXC.
So, if you’re searching for a crypto exchange in Canada, you’ll need to consider other, properly regulated options.
In MEXC’s user agreement, the following locations are listed as prohibited countries:
Depending on where you live, it may be possible to access MEXC without completing KYC. The MEXC website lists multiple tiers of KYC verification:
MEXC withdrawal limits and account permissions vary depending on the level of KYC verification you complete, as outlined in the table below.
| Verification level | 24-hour withdrawal limit | Other trading permissions |
|---|---|---|
| No KYC | 10 BTC | No OTC transactions |
| Primary KYC | 80 BTC | Limited access to OTC transactions |
| Advanced KYC | 200 BTC | Unlimited access to OTC transactions |
| Institutional KYC | 400 BTC | No OTC transactions |
MEXC was founded in 2018 to offer crypto trading to users around the world. However, multiple provincial securities regulators in Canada issued investor warnings about the platform in 2023, flagging the fact that MEXC is not properly registered to operate as a crypto exchange in those provinces.
Canada is listed as a prohibited country in MEXC’s terms and conditions, so Canadian residents will need to use other crypto exchanges.
If you live in a country where MEXC operates and if you need to access your MEXC account while visiting Canada, the platform is accessible.
You can’t use MEXC in Canada, but there are several other legit crypto exchanges you can use. Compare MEXC exchange alternatives to find a platform that lets you trade the crypto pairs you want with competitive fees and a high level of security.
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