7 minute read
Is MEXC Available in Brazil? What You Need to Know
from MEXC
by Exness_India
Yes, MEXC is available in Brazil. Brazilian users can legally register, verify their identity (KYC), deposit funds, and trade on the MEXC platform. The exchange also supports Brazilian real (BRL) deposits through third-party payment providers, making it accessible and user-friendly for crypto traders in Brazil.
In this article, we’ll dive into how MEXC operates in Brazil, the features available to Brazilian users, local regulations you should know, how to deposit and withdraw using BRL, and why MEXC might be a good or bad choice depending on your goals.
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What Is MEXC?
MEXC (formerly known as MXC Exchange) is a global cryptocurrency trading platform founded in 2018. It offers spot trading, futures, staking, margin trading, and launchpad services. MEXC is known for listing a wide variety of altcoins—often before other exchanges do.
It operates in over 200 countries and has millions of users. One of its key selling points is deep liquidity on lesser-known tokens, making it attractive to altcoin traders and early investors.
Can You Use MEXC in Brazil?
Yes, MEXC is legally accessible to Brazilian users. There are no restrictions on accessing the MEXC platform from Brazil, and it complies with local KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures.
Brazilian residents can:
Sign up and complete identity verification.
Deposit funds in crypto or fiat using BRL via third-party gateways.
Use the MEXC app or website in Portuguese.
Trade over 1,500 cryptocurrencies.
There’s no need for VPNs or workarounds. MEXC openly supports Brazilian users and has even localized parts of its platform to better serve the Brazilian market.
Is MEXC Legal in Brazil?
While Brazil does not have fully developed crypto laws yet, the country has taken major steps toward regulation. In December 2022, Brazil passed Law No. 14.478, often referred to as the “Crypto Framework,” which sets guidelines for cryptocurrency service providers.
Under the new regulation:
Exchanges must comply with anti-money laundering laws.
They must register with the Central Bank of Brazil or a designated authority (still in development).
Foreign exchanges are allowed to operate in Brazil as long as they follow local compliance standards.
MEXC does not have a physical office in Brazil, but it still operates legally under international rules and meets compliance requirements for onboarding Brazilian users.
So, while MEXC is not regulated as a "local" exchange in Brazil (like Mercado Bitcoin or Foxbit), it is not banned or restricted in any way.
Does MEXC Support the Brazilian Real (BRL)?
Yes, MEXC supports BRL (Brazilian real) for deposits and withdrawals via third-party payment providers such as:
Banxa
Simplex
Mercuryo
These gateways allow you to buy crypto with BRL using:
PIX transfers
Credit/debit cards
Bank transfers
Although MEXC doesn’t offer native BRL wallets, you can purchase USDT, BTC, ETH, and other cryptocurrencies directly with BRL through these integrations. This makes it easy for Brazilian users to enter the crypto market without having to first convert their funds manually.
How to Use MEXC in Brazil (Step-by-Step)
Create an Account
Visit MEXC Official Website 👈 or download the MEXC app.
Use your email or phone number to register.
Verify Your Identity
Upload a valid government-issued ID (like your Brazilian RG or CNH).
Take a selfie to complete the KYC process.
Verification usually takes less than 10 minutes.
Deposit Funds
Go to the “Buy Crypto” section.
Choose BRL as your payment currency.
Select a payment provider (e.g., Banxa).
Complete the purchase using PIX or card.
Start Trading
Use the spot, futures, or margin markets.
Trade hundreds of pairs like BTC/USDT, ETH/USDT, or BRL/USDT (through P2P).
Withdraw or Sell Crypto
Sell crypto for BRL through the same providers.
Transfer funds to your Brazilian bank account.
✅ Trade with MEXC now: Open An Account 👈
Is There a Portuguese Version of MEXC?
Yes, MEXC offers a fully translated Portuguese interface. You can switch the language from the top-right corner of the homepage or app. This localization includes:
Trading dashboards
KYC instructions
Help center articles
Customer support in Portuguese (via live chat and email)
This is especially helpful for beginners who may not be fluent in English and want a smoother user experience.
MEXC Features Available in Brazil
Here are the main features that Brazilian users can access on MEXC:
Spot Trading – Over 1,500 tokens available.
Futures Trading – USDT and coin-margined perpetual contracts.
P2P Trading – Trade crypto directly with other users using BRL (limited but growing).
Staking & Savings – Earn yield on crypto assets.
Launchpad – Access new crypto projects early.
Copy Trading – Follow professional traders’ strategies.
Pros of Using MEXC in Brazil
✅ Supports BRL payments✅ No geo-restrictions for Brazilian users✅ Large selection of altcoins and new tokens✅ Low trading fees (as low as 0.1%)✅ Portuguese interface and support✅ No mandatory KYC for low-volume trading (though KYC is required for fiat)
Cons of Using MEXC in Brazil
❌ Not regulated locally in Brazil❌ No direct BRL bank account integration (uses third-party services)❌ Limited P2P BRL market compared to Binance or Mercado Bitcoin❌ No crypto debit card or local fiat wallet
Alternatives to MEXC in Brazil
If you're comparing MEXC with other platforms, here are a few popular alternatives for Brazilian users:
Binance – Supports BRL and has more local banking options.
Mercado Bitcoin – Regulated Brazilian exchange with native BRL wallets.
KuCoin – Global exchange like MEXC, with a strong altcoin market.
Bitso Brazil – Latin American-focused exchange with BRL support.
Still, MEXC holds its own by listing a vast range of new tokens and having low fees.
Is It Safe to Use MEXC in Brazil?
MEXC is considered a secure exchange, with:
Multi-layered security systems
Cold wallet storage
2FA and anti-phishing protection
ISO/IEC 27001 certification
However, like any centralized exchange, users should follow best practices:
Enable 2FA
Avoid storing large amounts of crypto on the exchange
Use strong passwords and anti-phishing codes
MEXC Taxes in Brazil: What You Should Know
Crypto gains are taxable in Brazil. According to Receita Federal:
You must report profits above R$35,000 per month.
The tax rate ranges from 15% to 22.5%, depending on profit margin.
All transactions, even on foreign exchanges like MEXC, must be declared.
MEXC does not automatically report to Receita Federal, so it’s your responsibility to track and report your trades. Use tools like CoinTracking or CoinStats to export and manage your tax data.
Final Verdict: Should You Use MEXC in Brazil?
Yes, MEXC is a solid option for Brazilian crypto traders, especially if you’re looking to trade altcoins and get in early on new tokens. It’s accessible, supports BRL payments, and has a Portuguese user interface. However, it lacks full local regulatory registration and native BRL wallets, so it’s best suited for intermediate to advanced users comfortable with global exchanges.
If you’re just starting out or prefer a fully local experience, you might want to pair MEXC with a Brazilian exchange like Mercado Bitcoin for fiat onramps.
FAQs
1. Can I buy Bitcoin with BRL on MEXC?Yes, you can buy Bitcoin using BRL via third-party payment processors like Banxa.
2. Is MEXC better than Binance for Brazilians?It depends. Binance has better BRL support and liquidity, but MEXC lists more new altcoins.
3. Is there a MEXC office in Brazil?No, MEXC operates globally and does not have a physical office in Brazil.
4. Can I use PIX on MEXC?Yes, PIX is supported through fiat-to-crypto gateways like Banxa and Mercuryo.
Final Thoughts
MEXC is available, legal, and accessible in Brazil. It offers Brazilian crypto users a powerful trading platform with a wide selection of tokens, competitive fees, and BRL payment support through third-party providers.
Whether you’re an altcoin hunter or looking for a backup to your main exchange, MEXC is a worthy platform for Brazilian users to explore.
✅ Trade with MEXC now: Open An Account 👈
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