Is MEXC Available in Cyprus? What You Need to Know

Yes, MEXC is available in Cyprus.

If you’re a resident or visitor in Cyprus wondering whether you can use MEXC, the answer is clear: Cyprus is not on MEXC’s restricted countries list. You can sign up, deposit funds, and trade a wide variety of crypto assets on the platform legally and without the use of VPNs or location masking tools.

Let’s break down what this means, how it works, and what you should be aware of as a user in Cyprus.

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What Is MEXC?

MEXC, also known as MEXC Global, is a centralized cryptocurrency exchange established in 2018. It’s known for its wide selection of crypto assets, low trading fees, deep liquidity, and aggressive expansion into global markets. MEXC offers:

·        Spot trading

·        Futures and margin trading

·        ETF tokens

·        Launchpads and staking

·        High-yield DeFi products

It supports over 1,500 cryptocurrencies, which makes it one of the most diverse crypto exchanges in the world.

Headquartered in Seychelles, MEXC operates globally and caters to users in most countries, with a few exceptions due to regulatory restrictions.

Is MEXC Regulated in Cyprus?

MEXC is not regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this does not mean that it’s illegal to use MEXC in Cyprus. The CySEC mainly supervises investment firms, brokers, and exchanges operating from within Cyprus. MEXC, being an offshore platform, falls outside the direct jurisdiction of CySEC.

Despite the lack of local regulation, MEXC can be legally accessed and used by individuals in Cyprus, provided they comply with Cypriot laws, especially around taxation and KYC (Know Your Customer) practices.

In simpler terms: You can use MEXC in Cyprus, but you do so as an individual choosing an international platform, not one registered under Cypriot law.

Do You Need a VPN to Use MEXC in Cyprus?

No. You do not need a VPN to access MEXC from Cyprus.

The platform is fully accessible from Cypriot IP addresses, and the registration, login, deposit, and trading processes function normally. MEXC only restricts users from countries like the United States, Canada (in part), and a few others where strict crypto laws are enforced.

Using a VPN to access crypto platforms is typically necessary only when a country is geo-blocked. Since Cyprus is not restricted, a VPN is unnecessary and may even cause account security flags or login verification issues.

Can You Complete KYC on MEXC from Cyprus?

Yes. Users from Cyprus can complete KYC verification (identity verification) on MEXC using local identification documents such as:

·        Cypriot National ID

·        Passport

·        Driving license

You’ll also need to provide a selfie and sometimes a proof of address, such as a utility bill or bank statement. Once verified, you’ll get higher withdrawal limits and access to certain MEXC services that require ID verification.

Although MEXC lets users trade without KYC (up to a limited withdrawal threshold), completing KYC is recommended for full platform access and enhanced security.

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Is MEXC a Safe Platform for Users in Cyprus?

MEXC has built a reputation as a secure and user-friendly platform. For users in Cyprus, it offers the same security infrastructure as it does globally, including:

·        Two-factor authentication (2FA)

·        Anti-phishing codes

·        Withdrawal whitelist

·        Cold wallet storage

·        Advanced order matching engine

However, it’s worth noting that MEXC is not licensed in the EU, so your funds don’t get the protections offered by regulated European entities. If you prefer regulated platforms with CySEC or EU licenses, consider alternatives like Binance Cyprus, Kraken, or Bitstamp, which have more established regulatory footprints.

That said, MEXC has never experienced a major security breach since its launch, and it continues to grow in global popularity.

Benefits of Using MEXC in Cyprus

Here are some key reasons why users in Cyprus might choose MEXC over other platforms:

1. Access to Rare Coins

MEXC lists many new and emerging tokens that are hard to find on other major exchanges. If you're looking to get in early on new crypto projects, MEXC is a solid option.

2. High Liquidity

With deep liquidity in spot and futures markets, you’ll face minimal slippage when trading, especially in top cryptocurrencies like BTC, ETH, and USDT pairs.

3. Low Trading Fees

Spot trading fees start at 0.1% and can be reduced further with native token (MX) usage or higher trading volume.

4. Staking and Passive Income

MEXC offers staking, launchpad opportunities, and other yield-generating products to let you earn passive income on your crypto holdings.

5. Advanced Features

From margin trading to perpetual futures and ETFs, MEXC offers a wide range of tools for intermediate to advanced traders.

Things to Be Aware Of

While MEXC is available in Cyprus, it’s still important to be aware of a few points:

1. No EU Regulation

MEXC doesn’t fall under CySEC or MiCA (Markets in Crypto-Assets) regulation. While it’s legal to use, you’re using it at your own risk.

2. Customer Support

MEXC support is decent but not on par with platforms like Binance or Coinbase. Delays can happen, especially during high-traffic periods.

3. Tax Obligations

Cypriot residents are legally required to report crypto earnings and may be subject to capital gains taxes. Even if MEXC doesn’t report your data to Cypriot authorities, it’s your responsibility to file taxes accurately.

4. Language and Localization

The platform supports English and many other languages, but Greek language support is limited. That might be inconvenient for some local users.

Alternatives to MEXC in Cyprus

If you’re exploring options besides MEXC, consider the following platforms that are also accessible from Cyprus:

·        Binance – The largest global exchange, widely used in Cyprus and supports EUR deposits.

·        Kraken – US-based, regulated in the EU, with strong security and fiat support.

·        OKX – Another large exchange with similar features to MEXC.

·        Bitget – Competitive fees and futures trading features, accessible from Cyprus.

·        eToro – Regulated and beginner-friendly, though limited in token selection.

Each platform has its pros and cons, and your choice should depend on your trading needs, risk tolerance, and regulatory preferences.

How to Get Started with MEXC in Cyprus

If you’re ready to use MEXC in Cyprus, here’s a quick guide:

1.      Go to MEXC’s Official Website.

2.      Click “Sign Up” and register using your email or phone number.

3.      Secure your account with a strong password and 2FA.

4.      Deposit funds via crypto (e.g., from a wallet or another exchange) or use P2P if available.

5.      Complete KYC for full access.

6.      Start trading, staking, or exploring MEXC’s tools.

It usually takes less than 10 minutes to set up your account.

Final Verdict: Should You Use MEXC in Cyprus?

Yes — if you’re looking for a feature-rich, globally accessible exchange with hundreds of tokens and advanced tools, MEXC is a solid choice for users in Cyprus.

But remember:

·        It’s not regulated in Cyprus or the EU.

·        You must manage your own tax obligations.

·        Security is your responsibility — use 2FA and keep funds in cold wallets when not trading.

If you're a seasoned trader or someone who wants access to the widest possible range of crypto assets, MEXC offers capabilities that few other exchanges can match — and it’s fully available in Cyprus without restrictions.

✅ Trade with MEXC now: Open An Account 👈

Read more:

• Is MEXC available in Germany?

• Is MEXC available in Kenya?