7 minute read
Is MEXC Available in Greece? What You Need to Know
from MEXC
by Exness_India
Yes, MEXC is available in Greece. Greek residents can access the MEXC cryptocurrency exchange platform, create accounts, trade digital assets, and use most of its features without restrictions. As of now, there are no national bans or specific prohibitions preventing Greek citizens from using MEXC.
But while the platform is technically accessible from Greece, there are important considerations you should know regarding its regulatory standing, features, risks, and alternatives. This article breaks it all down.
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What Is MEXC?
MEXC is a centralized cryptocurrency exchange that launched in 2018. It offers a wide range of services including spot trading, futures trading, margin trading, staking, launchpads, and access to over 1,500 cryptocurrencies. MEXC is known for being one of the most altcoin-rich exchanges in the world and is often favored by traders looking for early-stage tokens.
The platform serves millions of users worldwide and is operated by MEXC Global, with registration and operational teams in various global jurisdictions. While not as heavily regulated as platforms like Coinbase or Binance in certain markets, MEXC maintains compliance where required.
Can You Access MEXC From Greece?
Yes, you can. MEXC is not geo-blocked in Greece, and the platform can be accessed through both desktop and mobile applications. Greek users can:
Sign up for a free account
Pass identity verification (KYC)
Deposit crypto assets
Trade crypto pairs
Use advanced trading tools and features
As of the time of writing, there is no restriction from MEXC’s side that prohibits Greek IP addresses from registering or trading on the platform.
Is MEXC Regulated in Greece?
No, MEXC is not locally regulated by the Hellenic Capital Market Commission (HCMC). The HCMC is the primary financial regulatory body in Greece. As of now, MEXC does not hold a license or registration issued by this authority.
However, this is common for many global exchanges that operate internationally. MEXC serves users in various countries under general international compliance rules, such as anti-money laundering (AML) and know-your-customer (KYC) standards.
Despite the lack of local licensing, using MEXC is still legal in Greece — just like accessing any other unregulated global online platform. Users simply need to be aware that they are not protected under Greek financial laws when using it.
What Services Can Greek Users Access on MEXC?
Once signed up, Greek users can access nearly all features MEXC offers globally, including:
Spot Trading: Trade major and emerging crypto pairs.
Futures Trading: Up to 200x leverage on some derivatives (use caution).
Margin Trading: Amplify trades using borrowed funds.
Staking & Earn: Earn rewards on certain token holdings.
Launchpad & Kickstarter: Participate in early-stage token sales.
Copy Trading: Follow strategies of professional traders.
The only limitations might come from local financial laws restricting specific practices, but MEXC itself does not apply regional blocks or feature reductions for Greek users.
Is It Safe to Use MEXC in Greece?
MEXC is generally regarded as a reliable platform among crypto traders. However, since it's not licensed in the EU or Greece, the level of safety is tied to your own risk tolerance.
Key Points to Consider:
Regulatory Risk: Lack of local regulation means you're not protected by Greek or EU consumer laws if MEXC halts withdrawals or faces issues.
Exchange History: MEXC has not suffered major hacks, but it operates in a less transparent manner than some top-tier regulated exchanges.
Security Features: Offers 2FA, withdrawal whitelist, cold storage, and KYC compliance.
Withdrawal Limitations: Without KYC, withdrawals are limited. Full identity verification increases security and access.
Support: Customer service is 24/7 via live chat and email, but response times may vary.
Overall, MEXC is safe for experienced users who understand the trade-offs of using an exchange that prioritizes global reach over strict regulation.
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How to Use MEXC from Greece – Step-by-Step
If you're based in Greece and want to start using MEXC, here’s a quick guide:
Step 1: Register
Go to mexc.com and create a new account using your email or phone number.
Step 2: Enable 2FA
Set up Google Authenticator or SMS verification for added account security.
Step 3: Complete KYC
Upload your ID (passport or national ID card) and complete facial verification. This helps lift withdrawal limits and access all features.
Step 4: Deposit Funds
You can deposit cryptocurrencies directly or use a third-party fiat gateway (like Banxa or MoonPay) to buy crypto using your debit or credit card.
Step 5: Start Trading
Access the spot or futures markets, explore trading pairs, and place orders.
Can Greek Residents Use Euros (EUR) on MEXC?
MEXC does not offer direct EUR trading pairs or EUR-based wallets. However, you can still use EUR indirectly in the following ways:
Third-party Fiat Onramps: MEXC partners with fiat gateways that accept EUR for crypto purchases.
Bank Cards: Greek users can buy crypto using debit/credit cards issued by Greek banks.
P2P Platform: MEXC has a peer-to-peer trading feature, but it's more active in Asia. European users may find limited liquidity here.
So while MEXC does not natively support EUR deposits like Kraken or Bitstamp, you can still fund your account using EUR through external services.
Are There Any Legal Risks Using MEXC in Greece?
No, there are no known legal risks as of now for using MEXC in Greece. Crypto trading is legal in the country, and citizens are allowed to use foreign platforms.
However, here are a few things to keep in mind:
Tax Reporting: All crypto gains must be reported to the Greek tax authority. Failure to report may result in fines or audits.
Capital Gains Tax: Crypto profits are taxed under capital gains or income tax, depending on activity frequency.
Self-Responsibility: Since you're using an unregulated platform, it’s your responsibility to secure your funds and stay compliant.
Pros and Cons of Using MEXC in Greece
Pros:
Access to over 1,500 cryptocurrencies
Low trading fees (as low as 0.1%)
No geo-restrictions in Greece
Advanced tools for professional traders
Multiple funding options using EUR
Cons:
Not regulated in Greece or the EU
No EUR fiat wallet
Limited support for Greek language
Less transparency compared to EU-based exchanges
Higher risk in case of dispute or platform failure
Alternatives to MEXC in Greece
If you're not comfortable with MEXC’s unregulated status, consider these regulated alternatives:
Kraken – EU-friendly, EUR deposits, licensed in several jurisdictions
Bitstamp – Based in Luxembourg, one of the oldest regulated exchanges
Binance – Available in Greece but under regulatory pressure in several EU countries
Coinbase – Fully regulated in multiple countries but offers fewer altcoins
Each alternative comes with trade-offs in terms of coin variety, fees, and ease of use, but they offer more regulatory protection for Greek users.
Final Verdict: Should You Use MEXC in Greece?
Yes, you can use MEXC in Greece, and many traders do. It offers a wide selection of crypto assets, modern trading tools, and access to emerging tokens. If you’re looking for flexibility, altcoin exposure, and low fees, MEXC is a solid option.
However, it's essential to understand the regulatory gap. MEXC is not overseen by Greek authorities, meaning there's less legal protection if issues arise. Therefore, it's best suited for users who:
Understand the risks of using offshore exchanges
Use strong security measures
Are confident in managing their crypto assets independently
Are compliant with local tax laws
For new investors or those seeking more safety, regulated platforms may be a better fit. But for active traders comfortable with global exchanges, MEXC remains a powerful and accessible tool — including for those based in Greece.
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Read more: Is MEXC available in Dubai?
