6 minute read
Is MEXC Available in Belgium? What You Need to Know
from MEXC
by Exness_India
Yes, MEXC is available in Belgium — but with certain limitations and important considerations. If you’re a Belgian resident interested in using MEXC for trading cryptocurrencies, it’s crucial to understand the current regulatory landscape, MEXC’s compliance status, and what this means for your ability to buy, sell, and hold digital assets on the platform.
In this article, we’ll explore the availability of MEXC in Belgium, its features, legal status, and alternative options you should consider if you're seeking a compliant and user-friendly crypto trading experience.
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What Is MEXC?
Before diving into its availability, let’s briefly look at what MEXC is.
MEXC (formerly known as MXC) is a centralized cryptocurrency exchange established in 2018. It offers a wide range of crypto-related services including:
Spot trading
Futures trading
Staking
Margin trading
Launchpad tokens
ETF trading
The platform supports hundreds of cryptocurrencies, often listing new tokens before they appear on major exchanges. MEXC is known for its low trading fees, wide altcoin selection, and global availability.
Is MEXC Legally Available in Belgium?
Technically, MEXC is accessible in Belgium, meaning Belgian users can visit the site, create an account, and trade. However, the question of legality and compliance is more complex due to evolving EU and Belgian crypto regulations.
Key Facts:
MEXC does not have a registered license in Belgium as a Virtual Asset Service Provider (VASP).
Belgium requires crypto exchanges to register with the Financial Services and Markets Authority (FSMA).
As of now, MEXC is not listed as a registered VASP on the FSMA’s official site.
Despite this, MEXC has not been banned or explicitly restricted by Belgian authorities.
In essence, Belgian users can access MEXC, but they do so at their own risk, without the legal protections offered by regulated platforms.
What Are the Risks of Using MEXC in Belgium?
If you’re using MEXC from Belgium, here are some potential risks and limitations to be aware of:
1. Lack of Regulatory Oversight
Since MEXC is not regulated by Belgian authorities, your account and funds are not protected by local laws. If the platform faces legal or financial issues, your ability to recover funds may be limited.
2. Limited Legal Recourse
If you encounter problems such as withdrawal issues, account freezes, or security breaches, pursuing legal action may be difficult due to jurisdictional boundaries.
3. Uncertain KYC/AML Policies
MEXC allows users to trade with minimal KYC (Know Your Customer) requirements, which may be attractive for privacy-focused traders. However, this approach may not align with Belgian AML (Anti-Money Laundering) regulations.
4. Future Regulatory Changes
Crypto regulations in the EU are tightening. With the introduction of MiCA (Markets in Crypto-Assets Regulation) in 2025, platforms like MEXC may be forced to either comply or exit the market. Belgian users should monitor regulatory developments closely.
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Has MEXC Been Banned in Belgium?
As of now, MEXC has not been banned in Belgium.
However, Belgium has taken action against other crypto platforms. In 2022, Binance was ordered to cease offering crypto services in Belgium due to regulatory non-compliance. Although this decision was later reversed, it signaled a strict stance from Belgian authorities on unregistered platforms.
MEXC could face similar scrutiny in the future if it continues to operate without proper registration.
Can You Register and Trade on MEXC From Belgium?
Yes, you can. MEXC’s website and app are fully accessible from Belgium. The platform does not block IPs from Belgian users, and registration is straightforward.
Here’s what you can do on MEXC as a Belgian user:
Create an account using your email or phone number.
Deposit crypto (MEXC is primarily crypto-to-crypto).
Trade spot and futures pairs.
Use staking and earn products.
Withdraw funds to your wallet.
However, always verify your account to avoid withdrawal limits and ensure you follow all applicable local tax laws.
Is MEXC Safe to Use?
MEXC has built a reputation for being a secure and reliable exchange, but like all centralized platforms, it comes with inherent risks.
Pros:
No major hacks reported so far.
Regular security updates and audits.
Advanced risk control systems.
Cons:
Not regulated in the EU.
No insurance fund comparable to Binance SAFU.
Lack of transparency about physical headquarters.
Belgian users should never store large amounts of crypto on centralized exchanges, regardless of reputation. Always use cold storage for long-term holdings.
What Do Belgian Users Say About MEXC?
User reviews from Belgium and across Europe are mixed:
Positive reviews highlight the wide selection of altcoins, fast listing of new tokens, and low trading fees.
Negative reviews often mention customer service delays, occasional withdrawal problems, and the lack of regulation.
If you're tech-savvy and understand the risks, MEXC can be a powerful platform. But beginners might find it overwhelming or risky without proper guidance.
Are There Alternatives to MEXC for Belgian Users?
If you’re concerned about legality or looking for regulated exchanges, consider these alternatives:
1. Coinbase
Registered in the EU and compliant with local regulations.
Beginner-friendly.
Offers euro fiat deposits and withdrawals.
2. Bitstamp
Headquartered in Luxembourg and fully compliant with EU laws.
Trusted by Belgian institutions.
Great for both beginners and advanced traders.
3. Kraken
Operates legally in the EU, including Belgium.
Strong security, solid support, and low fees.
4. Binance (Europe version)
Binance has resumed services in Belgium under a Polish license.
It now complies with some EU frameworks but may still raise regulatory flags.
These platforms are ideal for users who want peace of mind, full KYC/AML compliance, and euro on-ramps.
Tips for Belgian Users Considering MEXC
If you still wish to use MEXC in Belgium, here are some tips to stay safe:
Enable 2FA: Use Google Authenticator or Authy to secure your account.
Avoid storing large amounts on the platform.
Stay updated on Belgian and EU crypto regulations.
Declare your crypto assets to avoid tax issues with the Belgian government.
Withdraw to a self-custody wallet regularly.
Check FSMA and EU updates on approved crypto platforms.
Conclusion: Should You Use MEXC in Belgium?
MEXC is currently accessible to users in Belgium, but the platform operates without local regulatory approval. This means Belgian traders can use the exchange — but do so at their own risk.
If you're an experienced trader seeking access to a wide range of altcoins, MEXC offers flexibility and features that are hard to beat. However, if you're new to crypto or want to prioritize legal compliance and peace of mind, you may want to consider regulated exchanges like Coinbase, Bitstamp, or Kraken.
As regulations in the EU tighten, platforms like MEXC may be forced to comply with MiCA laws or exit certain markets, including Belgium. So stay informed, use caution, and never trade more than you can afford to lose.
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