can mexc be used in uk

Yes, MEXC is accessible in the UK, offering trading for various cryptocurrencies, but it operates outside FCA regulation while adhering to industry standards.

Oct 27, 2024 at 09:58 pm

Can MEXC Be Used in the UK?

Yes, MEXC can be used in the UK. MEXC Global is a centralized cryptocurrency exchange registered in the British Virgin Islands that supports trading in over 1,200 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).

Steps to Use MEXC in the UK:

1. Create an Account: Visit the MEXC website or download the mobile app and click on "Sign Up." Provide your email address, create a password, and agree to the terms and conditions.
2. Verify Your Identity (KYC): To meet regulatory requirements, MEXC requires new users to complete Know-Your-Customer (KYC) verification. This involves submitting your personal information, such as your full name, address, and date of birth, and providing a government-issued ID (e.g., passport or driver's license).
3. Deposit Funds: Once your account is verified, you can deposit funds into your wallet using a variety of methods, including bank transfer, credit/debit card, or cryptocurrency.
4. Buy Crypto: Select the cryptocurrency you want to purchase from the available trading pairs (e.g., BTC/USDT) and enter the number of coins or tokens you wish to buy. Click on the "Buy" button to complete the transaction.
5. Withdrawals: To withdraw your crypto assets, go to the "Wallet" section and select the "Withdraw" option. Choose the cryptocurrency you want to withdraw, enter the withdrawal address, and confirm the transaction.

Is MEXC Legal in the UK?

MEXC Global is not regulated by the Financial Conduct Authority (FCA), the primary financial regulator in the UK. However, it adheres to industry standards and practices, including KYC verification, anti-money laundering (AML) measures, and data protection protocols.

Fees and Limits

MEXC charges competitive trading fees based on your trading volume and MEXC Token (MX) holdings. Deposit and withdrawal fees vary depending on the chosen method.

The daily withdrawal limit for unverified users is 10 BTC. Verified users have a maximum daily withdrawal limit of 100 BTC.

Conclusion

Yes, you can use MEXC in the UK to buy, sell, and trade cryptocurrencies. While not FCA-regulated, MEXC follows industry best practices and provides a user-friendly platform to access the cryptocurrency market.