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.
Established back in 2011, Kraken is one of the oldest crypto exchanges around. It provides access to over 270 cryptocurrencies and combines a user-friendly interface for beginners with a range of tools to suit more advanced traders. Kraken also provides the convenience of 24/7 support.
Pros
Established platform
Easy to use
Multiple deposit options
User-friendly mobile app
Cons
Waiting time to get verified for a Pro account
Some platforms have cheaper fees
Poor user reviews on Trustpilot
Deposit methods
Credit card, Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer, Apple Pay, Google Pay
Deposit fees
Interac e-Transfer: 0.5% Apple Pay/Google Pay: variable Crypto: Free for most cryptos Wire transfers: $0-$3 Canada Post cash/debit: $1.25+0.25%
Uphold is a crypto exchange designed to make it easy to trade from one crypto asset to another. There are hundreds of cryptocurrencies available, and you can deposit funds via credit or debit card, bank transfer, crypto or Apple Pay. For added security, the platform publishes real-time details of its assets and liabilities.
Use code Finder25 to get a 25% discount on all commission for 1 transaction. T&Cs apply.
Founded in 2014, Paybis is a global crypto exchange where you can buy over 80 cryptocurrencies. It's easy to buy bitcoin and other cryptos with your credit or debit card, and the user-friendly platform is well suited to beginner traders. However, you can only sell a limited range of coins and tokens on Paybis.
Pros
User-friendly online and mobile platforms
Buy crypto directly with CAD
Supports multiple deposit methods
24/7 support
Cons
Doesn't support anywhere near as many cryptos as MEXC
Higher fees than some other platforms
No Paybis Wallet in Canada
Deposit methods
Bank transfer, Credit card, Debit card, Neteller, Skrill, Apple Pay
Deposit fees
Bank transfer: 0.99% Debit / credit card: 2.49% Neteller: 2.95% Skrill: 4.95% Processing fee (additional to other fees): 4.5% - 6.99%
Withdrawal fees
Bank transfer: 0.99% Debit / credit card: 2.49% Neteller: 2.95% Skrill: 4.95% Processing fee (additional to other fees): 4.5% - 6.99%
Toronto-based VirgoCX offers a user-friendly website and mobile app where you can buy and sell over 70 cryptocurrencies. You can take advantage of free deposits and withdrawals via multiple payment methods, and the platform makes it easy for beginners to break into the world of crypto.
Pros
Canadian platform
24/7 live support
User-friendly interface
Supports several deposit methods
Cons
Small range of cryptos compared to MEXC
Watch out for fees
Low withdrawal limits for some transfer methods
Deposit methods
Credit card, Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer
Sign up and receive a 6,200 USDT newcomer's gift package.
Like MEXC, Bitget provides access to a wide range of cryptocurrencies. You can trade over 800 coins and tokens on the platform, and spot, margin and futures trading are all available. There's also a copy trading feature that allows you to follow the moves of other traders on the platform, and you can buy crypto directly with your credit or debit card if you wish.
Pros
Large range of cryptos available
Copy trading feature
Competitive fees
Staking opportunities available
Cons
Mixed user reviews
Some customers complain of poor customer service
Deposit methods
Bank transfer, Credit card, Cryptocurrency, Debit card
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.
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. Bitget charges maker and taker fees of 0.10%, but there are fee discounts for VIP members. 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:
Canada
North Korea
Cuba
Sudan
Syria
Iran
Mainland China
Singapore
United States
United Kingdom
Hong Kong
Russian-controlled regions of Ukraine (currently including the Crimea, Donetsk and Luhansk regions)
Sevastopol
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
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.
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.
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.
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To make sure you get accurate and helpful information, this guide has been edited by Stacie Hurst as part of our fact-checking process.
Tim Falk is a freelance writer for Finder. Over the course of his 15-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
Changelly is a crypto-to-crypto exchange that lets you trade over 900 cryptocurrencies.
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