MEXC exchange alternatives in Canada

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?”

Is MEXC available 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 exchange alternatives in Canada

Finder Score	Cryptocurrencies	Fiat currencies	FINTRAC registered
Coinbase
9.7Excellent Coinbase Finder Award	9.7Excellent	288	1		Go to site Capital at risk More info Compare product selection Compare	loading	Why we like it Coinbase is one of the largest crypto exchanges in the world by trading volume. You can deposit funds for free via Interac e-Transfer, and instantly purchase crypto via debit. It offers a user-friendly platform and highly-rated mobile app. Coinbase also offers the option to earn crypto rewards by watching learning videos and completing quizzes. Pros & cons Pros Easy signup process Trade 280+ cryptos Free e-transfer deposits Instant withdrawals to most banks Discounted volume pricing with Coinbase Advanced Registered with the Canadian Securities Administrators (CSA) and Ontario Securities Commission (OSC) Cons Only hold CAD in Canadian accounts No credit card purchases in Canada No margin, futures or options trading in Canada
Kraken
8.8Great Kraken	8.8Great	381	7		Go to site Capital at risk More info Compare product selection Compare	loading	Why we like it Kraken is a well-known name in the crypto world, having been first established in 2011. This global platform lets you trade over 300 cryptocurrencies, offering a simple trading platform for crypto beginners as well as Kraken Pro for advanced traders. There's also a user-friendly mobile app available if you want to trade from your smartphone. Pros & cons Pros One of the world's oldest crypto exchanges Access a wide range of cryptos 24/7 customer support Good for beginners as well as advanced traders Cons Low Trustpilot user ratings You'll find lower fees on other platforms
Paybis
7.7Great Paybis	7.7Great	83	50		Go to site Capital at risk More info Compare product selection Compare	loading	Why we like it If you're searching for a platform that makes it quick and easy to buy crypto as a newbie, Paybis is worth a closer look. This global exchange offers a simple user interface that allows you to buy crypto with fiat currency, and you can also buy via a highly rated mobile app. With 24/7 support available, help is at hand if you have any questions. Pros & cons Pros Beginner friendly Supports a wide range of deposit methods Quick and easy to use Multiple payment options available Cons You can only sell a limited range of cryptos Other platforms have lower fees Paybis Wallet is not available in Canada
VirgoCX
7.3Great VirgoCX	7.3Great	45	2		Compare product selection Compare	loading	Why we like it Founded in 2018, VirgoCX is a Canadian crypto trading platform based in Toronto. This user-friendly platform offers free cash deposits and withdrawals and is designed to offer a quick and easy crypto buying experience for users. There are over 85 cryptos to trade on VirgoCX, and the platform is authorized to do business with Canadians by the CSA. Pros & cons Pros Canadian crypto exchange User-friendly platform Free deposits and withdrawals Multilingual support Cons Spreads of 0.95% to 1.60% Watch out for fees for credit and debit card deposits Not as many cryptocurrencies as some other platforms

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What is the MEXC exchange platform?

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.

What coins does MEXC support?

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.

MEXC futures

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 trading

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.

MEXC fees

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%-0.25% (Pro account) and 0.1%-0.4% (Pro account), respectively, but high-volume traders can take advantage of fee discounts.

MEXC app

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.

Is MEXC legal in Canada?

Multiple provincial securities administrators in Canada have issued investor warnings about MEXC.

• The BC Securities Commission added MEXC to its Investment Caution List due to the fact that the platform has not been recognized or registered in BC as an exchange or dealer.
• The Autorité des marchés financiers (AMF) warned that MEXC is not registered with the AMF and is not authorized to solicit investors in Québec.
• The Nova Scotia Securities Commission added MEXC to its Investor Cautions List.

So, if you’re searching for a crypto exchange in Canada, you’ll need to consider other, properly regulated options.

MEXC restricted countries

In MEXC’s user agreement, the following locations are listed as prohibited countries:

Is KYC required on MEXC?

Depending on where you live, it may be possible to access MEXC without completing KYC. The MEXC website lists multiple tiers of KYC verification:

• No KYC verification. Limits apply to your account if you haven’t completed any KYC verification.
• Primary KYC verification. You can complete this step by submitting your name, ID number and date of birth and then uploading photos of your proof of ID.
• Advanced KYC verification. To reach this tier, you will need to provide advanced personal information, upload photos of your ID and complete facial recognition.
• Institutional KYC verification. You’ll need to submit information about your business to reach this tier, including your company operating details and board authorization documents.

MEXC withdrawal limits and account permissions vary depending on the level of KYC verification you complete, as outlined in the table below.

When did MEXC come to Canada and why did it leave?

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.

Does MEXC work in Canada?

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.

Bottom line

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.

Frequently asked questions about MEXC

• Which organizations regulate crypto in Canada?

  FINTRAC regulates crypto exchanges in Canada as money services businesses. Exchanges are required to report large transactions to FINTRAC and confirm the identities of their customers to satisfy Know Your Customer (KYC) requirements.

  The Canadian Securities Administrators (CSA) also regulates the crypto sector. It issues guidance about crypto regulation, while provincial regulators like the Ontario Securities Commission (OSC) and BC Securities Commission ensure that exchanges operating in Canada comply with that guidance.

• Which countries is MEXC allowed in?

  MEXC offers its services to users in over 170 countries and regions around the world. However, the platform is not available to users in Canada, North Korea, Cuba, Sudan, Syria, Iran, Mainland China, Singapore, the United States, the United Kingdom, Hong Kong, Russian-controlled regions of Ukraine (which currently includes the Crimea, Donetsk, and Luhansk regions) or Sevastopol.

• Where can I download the MEXC app?

  For users living in eligible regions, the MEXC app is available to download from the App Store for iOS devices and Google Play for Android devices. The app can also be downloaded for Windows from the MEXC website.

To make sure you get accurate and helpful information, this guide has been edited by Stacie Hurst as part of our fact-checking process.

Written by

Tim Falk

Writer

Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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