7 minute read
Is MEXC Exchange Available in India? A Comprehensive Review
from MEXC Exchange
by XM Blog
Yes, MEXC Exchange is available in India and accessible to Indian users. Despite the evolving regulatory environment surrounding cryptocurrencies in the country, MEXC remains fully operational for Indian residents. Users in India can register, trade, deposit, and withdraw funds on the platform without restrictions as of now. However, there's more you need to know than just a simple “yes.” While MEXC is accessible, the Indian government’s stance on crypto trading and taxation significantly impacts how you interact with any global exchange, including MEXC. Let’s break it down.
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What Is MEXC Exchange?
MEXC, founded in 2018, is a centralized cryptocurrency exchange known for its vast listing of altcoins, competitive trading fees, and a wide array of features including spot, futures, margin trading, staking, and launchpads.
The platform has grown in popularity across Asia, Africa, and Europe, especially among traders who want early access to new tokens or prefer platforms with low trading fees and high liquidity for altcoins.
Is MEXC Legal in India?
To date, India has not banned the use of international cryptocurrency exchanges like MEXC. Indian residents are legally allowed to use MEXC to trade digital assets. However, it's essential to understand that the Reserve Bank of India (RBI) and the Indian government do not recognize cryptocurrencies as legal tender.
India has implemented a 30% tax on crypto gains and a 1% TDS (Tax Deducted at Source) on every trade above a certain threshold. These rules apply regardless of whether you're trading on an Indian or international exchange.
That said, using MEXC in India is not illegal, but you must be tax compliant. As an Indian citizen, you're responsible for declaring your crypto income and paying appropriate taxes, even if your transactions happen on a foreign platform.
Can You Register on MEXC From India?
Yes. You can easily register on MEXC using your Indian email or phone number.
The sign-up process is straightforward:
1. Visit the official MEXC website.
2. Click on "Sign Up."
3. Choose to register via email or mobile number.
4. Set a strong password.
5. Verify your account via OTP.
6. (Optional but recommended) Complete KYC for higher withdrawal limits and better security.
MEXC doesn’t restrict Indian IP addresses, and there is no need for a VPN to access the site or mobile app from India.
Is KYC Mandatory for Indian Users on MEXC?
No, KYC is not mandatory for basic trading on MEXC. You can deposit, trade, and withdraw up to a certain limit without KYC. However, for:
· Higher withdrawal limits,
· Participating in token sales (Launchpads),
· Enhanced account security,
· Regulatory compliance,
…it is strongly recommended to complete Level 1 KYC, which involves submitting your PAN card, Aadhaar card, or passport and a selfie.
Completing KYC ensures smoother transactions and avoids issues if your account is flagged for unusual activity.
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Can Indian Users Trade INR on MEXC?
No, MEXC does not support direct INR (Indian Rupee) deposits or trading pairs.
However, Indian users can still trade on MEXC by:
1. Buying USDT or other crypto from a local exchange (like WazirX, CoinDCX, or Binance P2P).
2. Transferring the crypto to MEXC via blockchain (ERC-20, BEP-20, or TRC-20 are supported).
3. Using those assets to trade on MEXC’s spot or futures markets.
This two-step process is common for Indian traders using global exchanges.
What Features Does MEXC Offer for Indian Traders?
MEXC is highly attractive to Indian crypto traders for several reasons:
1. Vast Altcoin Selection
With over 1,500 listed cryptocurrencies, MEXC offers access to many low-cap and newly launched tokens before they hit major exchanges.
2. Low Trading Fees
MEXC charges 0% maker and 0.1% taker fees on spot trades, with similar low rates for futures — significantly cheaper than many competitors.
3. High Leverage Futures
For those interested in derivatives, MEXC supports up to 200x leverage on selected perpetual contracts — appealing to seasoned Indian traders.
4. Staking and Earn Products
MEXC Earn allows users to stake coins or participate in flexible savings with attractive yields. This is a passive income option for Indian users holding idle crypto.
5. Copy Trading
Beginners can replicate the strategies of top-performing traders using MEXC’s copy trading feature, useful for users without technical knowledge.
6. Mobile App
The MEXC app is available on Android and iOS, fully functional in India without the need for workarounds.
Is It Safe to Use MEXC in India?
MEXC is considered a safe and reputable exchange, but it is still a centralized platform — meaning users don’t control their private keys. For Indian users:
· Always enable 2FA (Two-Factor Authentication).
· Use withdrawal whitelists to limit risk.
· Avoid keeping large amounts of crypto on any exchange, including MEXC.
· Be aware of scams or phishing sites impersonating MEXC.
Additionally, MEXC has a strong track record of no major security breaches, a 24/7 support system, and a transparent operating model.
Are There Any Drawbacks for Indian Users?
While MEXC is a great platform, Indian users should be aware of a few limitations:
· No INR deposits/withdrawals: You must use another exchange to convert crypto to INR.
· Regulatory uncertainty: If the Indian government bans foreign exchanges in the future, access may be blocked.
· Tax complications: The Indian tax system doesn’t differentiate between local and foreign exchanges. You’re still liable to report and pay taxes — even if MEXC doesn’t deduct TDS.
Keeping detailed records of your trades and profits is crucial for filing accurate tax returns.
What Are Indian Traders Saying About MEXC?
MEXC is gaining popularity among Indian crypto enthusiasts, especially those interested in early-stage tokens, meme coins, and high-leverage futures trading.
Community feedback highlights:
· Fast order execution
· Frequent token listings
· Better liquidity on small-cap assets
· Responsive customer support
However, there are calls for better integration with Indian payment systems and clearer tax documentation features.
Alternatives to MEXC in India
If you’re exploring options, here are a few other platforms Indian users commonly consider:
· Binance: The world’s largest exchange, still accessible in India.
· KuCoin: Another altcoin-heavy platform, but with mixed views on support.
· Bybit: Gaining traction for futures trading, recently added P2P for INR.
· CoinDCX / WazirX: Indian exchanges with direct INR support but limited coin listings.
MEXC stands out particularly for its wide altcoin selection and zero-fee trading — which is why many Indians use it as a secondary trading account alongside their main platform.
Final Thoughts: Should You Use MEXC in India?
Yes — if you are looking for a reliable, altcoin-rich exchange that’s accessible in India, MEXC is a great option.
It’s legal to use, relatively safe, and offers a suite of features that rival the best global platforms. However, Indian traders must remain informed about tax regulations, store their crypto securely, and be prepared for any changes in government policy.
If you’re comfortable transferring crypto from local exchanges and want access to the latest tokens and low-fee trading — MEXC is definitely worth exploring.
✅ Trade with MEXC now: Open An Account 👈
TL;DR
· ✅ MEXC is accessible in India and allows Indian users to trade freely.
· ✅ Registration and KYC are simple and optional (but recommended).
· ❌ No direct INR support — you’ll need to use P2P or local exchanges to buy crypto.
· ✅ Safe to use, with good user feedback and robust features.
· ⚠️ Tax compliance is your responsibility — report gains and trades properly.
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