6 minute read
Is MEXC Exchange Available in Philippines? What You Need Know
from MEXC Exchange
by XM Blog
Yes, MEXC Exchange is available in the Philippines. Filipino users can access the platform, create an account, deposit funds, and trade cryptocurrencies on MEXC without restrictions. MEXC supports Philippine-based users and provides access to global crypto markets, hundreds of trading pairs, and user-friendly features suitable for both beginners and experienced traders.
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In this article, we will explore what MEXC is, its availability and legality in the Philippines, key features, how to use it as a Filipino, and what to watch out for when trading on international platforms like MEXC.
What Is MEXC Exchange?
MEXC is a centralized cryptocurrency exchange founded in 2018 and headquartered in Seychelles. It has grown rapidly over the past few years, now serving users in over 200 countries. The platform is known for its wide range of supported assets (over 1,500 cryptocurrencies), low trading fees, and features like:
· Spot trading
· Futures trading
· Margin trading
· Staking
· Launchpad
· ETF products
MEXC is especially popular among altcoin traders because it often lists tokens that are not yet available on bigger exchanges like Binance or Coinbase.
Can You Use MEXC in the Philippines?
Yes, you can legally access and use MEXC in the Philippines. There are currently no regulations in place by Philippine authorities that prevent residents from using offshore crypto exchanges like MEXC.
You can:
· Go to mexc.com
· Sign up with your email or phone number
· Complete KYC (Know Your Customer) verification
· Deposit USDT, BTC, or other crypto assets
· Start trading
MEXC even supports mobile apps (iOS and Android), making it easy for Filipinos to manage their crypto portfolios from anywhere.
Is MEXC Regulated in the Philippines?
No, MEXC is not regulated by the Bangko Sentral ng Pilipinas (BSP) or the Securities and Exchange Commission (SEC) of the Philippines. This means that while you can use it, it operates as an offshore exchange and is not licensed under Philippine law.
However, this is not unusual. Many Filipinos use global exchanges like Binance, Bybit, and KuCoin — which are also unregulated locally. Using MEXC is legal, but keep in mind:
· Your funds are not protected by local financial laws.
· Disputes cannot be resolved via Philippine regulators.
· You must exercise extra caution when managing assets.
If you're looking for BSP-registered platforms, you may consider locally regulated services like Coins.ph or PDAX, but they have fewer features compared to MEXC.
✅ Trade with MEXC now: Open An Account 👈
How to Register on MEXC from the Philippines
Getting started is simple. Here’s how Filipino users can sign up:
1. Visit the official MEXC website
2. Click “Sign Up” and choose email or phone registration.
3. Create a strong password and verify your identity.
4. Complete KYC Verification:
o Upload a valid ID (e.g., Philippine Passport, Driver’s License)
o Take a selfie for facial recognition
5. Enable Two-Factor Authentication (2FA) for added security.
6. Deposit crypto assets like USDT, BTC, or ETH to begin trading.
MEXC does not currently support PHP (Philippine Peso) fiat deposits, so you will need to use third-party methods like:
· P2P (peer-to-peer)
· Converting PHP to USDT on another platform (e.g., Binance or Coins.ph), then transferring it to MEXC
Does MEXC Support PHP as a Currency?
No, MEXC does not support direct PHP deposits, withdrawals, or trading pairs. The platform mainly operates using stablecoins like USDT and other cryptocurrencies.
However, Filipino users can still:
· Buy USDT or BTC using PHP through local platforms (e.g., Coins.ph, PDAX)
· Transfer those assets to MEXC for trading
· Withdraw back to their local wallets and convert to PHP when needed
While this extra step adds some complexity, many users in the Philippines find it worthwhile due to MEXC’s low fees and wider range of tokens.
Why Do Filipinos Use MEXC?
There are several reasons why MEXC is gaining popularity in the Philippines:
1. Wide Altcoin Selection
MEXC lists hundreds of lesser-known altcoins and new tokens before they hit major exchanges. Filipino users interested in early investments or niche projects appreciate this access.
2. Low Fees
MEXC charges just 0.1% for spot trading. For futures, fees are also competitive. There are no deposit fees, and withdrawal fees are based on blockchain gas prices.
3. Advanced Trading Tools
Filipino traders can access charting tools, leverage options, futures contracts, and technical indicators for more sophisticated strategies.
4. No Mandatory VPN
Unlike some restricted platforms, MEXC does not require VPNs to access from the Philippines. This makes the user experience smoother and faster.
5. Staking and Passive Income
Users can earn by staking coins, participating in Launchpad sales, or using MEXC’s savings products. This appeals to Filipinos looking for passive income through crypto.
Potential Risks of Using MEXC in the Philippines
Although available and functional, there are risks you should consider:
1. No Local Regulation
Since MEXC is not licensed in the Philippines, your rights as a consumer are limited. If the platform halts services or if your funds are frozen, there's little legal recourse.
2. Crypto Volatility
Trading altcoins can result in high profits — but also major losses. Many tokens listed on MEXC are speculative and not backed by real-world assets.
3. Dependence on Third-Party Transfers
Because MEXC doesn’t support PHP, you must rely on other platforms or peer-to-peer transactions, which can carry risks like scams or transfer delays.
4. Scams & Phishing
Scammers often target crypto users. Always double-check URLs, never share your login credentials, and enable 2FA to protect your account.
Alternatives to MEXC in the Philippines
If you want simpler PHP-based crypto platforms, consider:
· Coins.ph – BSP-regulated and supports PHP deposits via GCash, banks, and more.
· PDAX – Local exchange with basic trading and PHP on-ramp/off-ramp.
· Binance – Still widely used in the Philippines with PHP P2P and advanced features.
· KuCoin or Bybit – Global exchanges similar to MEXC with high token variety.
However, MEXC stands out if you’re looking for early-access altcoins, futures trading, and international-level liquidity.
Final Thoughts: Should You Use MEXC in the Philippines?
Yes — if you understand the risks and know how to use it safely.
MEXC is a powerful platform available to Filipino users, offering access to thousands of cryptocurrencies, innovative trading tools, and low fees. It’s ideal for:
· Traders who want early access to altcoins
· Users familiar with crypto wallets and transfers
· Those seeking alternatives to Binance or local exchanges
However, it may not be suitable for total beginners or users who prefer a regulated environment and PHP support.
Always do your own research, store your assets securely, and only invest what you can afford to lose. If used wisely, MEXC can be a valuable part of your crypto journey in the Philippines.
✅ Trade with MEXC now: Open An Account 👈
FAQs
Is MEXC legal in the Philippines?Yes, it's legal to use MEXC in the Philippines, although it's not regulated by local financial authorities.
Can I deposit PHP into MEXC?No, MEXC does not support PHP directly. You must convert your PHP to crypto using other services first.
Is it safe to use MEXC in the Philippines?MEXC is widely used globally, but as with any crypto platform, use strong security practices, enable 2FA, and beware of phishing attempts.
Is MEXC better than Binance for Filipinos?MEXC offers more altcoins and lower fees for some users. Binance, however, provides better PHP support and local community presence.
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