6 minute read
Is MEXC Exchange Available in Turkey? Review Broker
from MEXC Exchange
by XM Blog
Yes — MEXC Exchange is available for users in Turkey. If you are based in Turkey, you can legally create an account, deposit funds, trade cryptocurrencies, and withdraw your assets on MEXC without restrictions from the platform’s side. MEXC has built a global presence, and Turkey is among the countries it actively serves. In recent years, Turkey has experienced a surge in cryptocurrency adoption, with millions of users turning to exchanges for investment, trading, and hedging against inflation. MEXC has recognized this trend and offers full access to its trading platform for Turkish residents, making it one of the go-to options for traders in the country.
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In this article, we will explain how MEXC works in Turkey, what regulations apply, how to sign up, the available deposit methods, trading options, security measures, and why many Turkish users choose MEXC over other exchanges.
MEXC’s Legal Status in Turkey
While cryptocurrency is not considered legal tender in Turkey, trading and owning crypto assets is not banned. The Turkish government regulates certain aspects of cryptocurrency transactions, mainly focusing on anti-money laundering (AML) compliance.
The main restriction you should know about is that you cannot directly use cryptocurrency for payments in Turkey under current regulations. However, this does not affect your ability to buy, sell, and hold crypto on exchanges like MEXC.
MEXC operates as an offshore exchange and does not have a physical headquarters in Turkey. This means it is not under the direct licensing of Turkish authorities but can still provide services to Turkish residents. You can access the platform via the website or mobile app without needing a VPN.
How to Create a MEXC Account in Turkey
Opening a MEXC account in Turkey is straightforward. Here’s the typical process:
Visit MEXC’s Official Website
Go to the official MEXC website or download the mobile app (available on iOS and Android).
Register
Sign up using your email or phone number. Turkish numbers are supported, so you can receive verification codes directly.
Verify Your Identity (KYC)
MEXC requires KYC (Know Your Customer) verification to comply with global AML rules. You’ll need a valid ID card, passport, or driver’s license issued in Turkey.
Deposit Funds
You can deposit cryptocurrency or use P2P (peer-to-peer) trading to purchase crypto with Turkish Lira (TRY).
Start Trading
Once funded, you can access spot trading, futures, staking, and other MEXC features.
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Depositing Turkish Lira (TRY) into MEXC
While MEXC does not offer direct bank deposits in TRY, it supports P2P trading, allowing you to buy crypto from other users in exchange for Turkish Lira. Common payment methods include:
Bank transfers within Turkey
Fast payments via local fintech apps
Cash deals (in some cases, through P2P agreements)
The most popular approach is to buy USDT (Tether) using TRY and then use that USDT to trade other cryptocurrencies on MEXC.
Trading Options for Turkish Users on MEXC
Turkish traders on MEXC have access to the full suite of trading services:
Spot Trading – Buy and sell over 2,000 cryptocurrencies instantly.
Futures Trading – Trade perpetual and quarterly contracts with leverage up to 200x.
Margin Trading – Borrow funds to increase trade size.
Copy Trading – Follow and copy experienced traders.
Launchpad & Kickstarter – Get early access to new projects and token sales.
Staking & Earn Products – Earn passive income on your holdings.
This variety makes MEXC attractive to both beginners and experienced traders in Turkey.
Why Turkish Traders Choose MEXC
Several factors explain MEXC’s growing popularity in Turkey:
Large Crypto Selection
With over 2,000 listed cryptocurrencies, MEXC offers more trading pairs than most exchanges available in Turkey.
No Mandatory High Fees
Trading fees are competitive — 0.1% for spot trades and even lower with MX token discounts.
P2P Convenience
Turkish traders can easily buy USDT with local payment methods.
User-Friendly Interface
MEXC’s platform supports both Turkish and English languages, making it accessible to more users.
Strong Security Measures
MEXC uses advanced encryption, two-factor authentication (2FA), withdrawal whitelists, and cold storage to protect funds.
Security & Regulation Considerations
Even though MEXC is widely accessible in Turkey, it’s important to trade safely. Since MEXC operates offshore, disputes may not be handled under Turkish consumer protection laws. Here are a few tips:
Enable 2FA for both login and withdrawals.
Keep most of your funds in personal wallets if you’re not actively trading.
Be cautious with P2P deals and only trade with verified sellers.
The Turkish Financial Crimes Investigation Board (MASAK) requires exchanges to report suspicious transactions. While MEXC is not headquartered in Turkey, it may still cooperate with compliance requests to maintain service availability.
Taxes on Crypto in Turkey
Currently, there is no official tax rate specifically for cryptocurrency trading profits in Turkey. However, there have been discussions about introducing a tax framework in the future. It is wise to keep records of your trades and earnings in case reporting becomes mandatory.
Comparison with Other Exchanges in Turkey
While Binance and local exchanges like Paribu and BtcTurk are popular in Turkey, MEXC stands out for its massive coin variety, lower entry barriers, and access to new project listings before they appear on other platforms.
Local exchanges may offer direct TRY deposits and withdrawals, but they often have fewer trading pairs. Many traders use a combination of MEXC and local platforms to maximize opportunities.
How to Withdraw from MEXC in Turkey
Since MEXC does not process direct TRY bank withdrawals, you will typically:
Sell your crypto for USDT or another stablecoin.
Use P2P trading to sell USDT for TRY.
Receive TRY in your local bank account or e-wallet.
This process is fast and usually completed within minutes, depending on the P2P seller’s speed.
The Future of MEXC in Turkey
Given the rapid growth of Turkey’s crypto market, MEXC is likely to expand its services here. It may introduce more localized features, direct TRY deposits, or Turkish-language customer support upgrades.
The Turkish government is also preparing comprehensive cryptocurrency regulations. These may affect how exchanges operate, but as long as trading is legal, MEXC will likely remain accessible.
Final Thoughts
So, is MEXC Exchange available in Turkey? Yes, it is fully accessible and functional for Turkish users. You can register, verify your account, trade thousands of cryptocurrencies, and withdraw your funds using P2P methods.
While there are no direct TRY deposit or withdrawal options yet, MEXC’s wide coin selection, competitive fees, and advanced trading features make it a strong choice for both casual and professional traders in Turkey.
As always, keep security in mind, follow local regulations, and stay updated on government announcements about cryptocurrency laws. MEXC is already a major player in Turkey’s crypto landscape — and it is likely to keep growing alongside the country’s booming digital asset market.
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