5 minute read
Is MEXC Exchange Available in Spain? A Clear Answer
from MEXC Exchange
by XM Blog
Yes – MEXC Exchange is available and fully functional in Spain. If you live in Spain, you can sign up, deposit funds, trade cryptocurrencies, and withdraw without regional restrictions. The platform is open to both beginners and advanced traders, offering a large range of assets and features. Unlike some other exchanges, MEXC is not on the list of prohibited jurisdictions for Spanish residents.
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This guide will walk you through MEXC’s availability in Spain, its main features, the legal context, the pros and cons of using it, and practical tips to get started.
1. MEXC’s Global Reach and Position in Spain
MEXC is a globally recognized cryptocurrency exchange founded in 2018. It serves over 170 countries and has gained attention for its low fees, fast transaction processing, and extensive coin listing.
When it comes to Spain specifically:
MEXC operates without geo-blocks in Spain.
Users in Spain can register with their Spanish phone number or email address without restrictions.
The mobile app is listed on both Google Play Spain and the Apple App Store Spain, confirming official availability.
While MEXC is headquartered in Seychelles and not licensed in the European Union, it continues to serve EU residents under its international terms of service. This means Spanish users can trade freely, but they should remain aware of potential future regulatory adjustments.
2. Regulatory Context in Spain
Spain, as part of the European Union, is moving toward full adoption of the MiCA (Markets in Crypto-Assets) regulation, expected to harmonize crypto laws across EU member states.
Currently:
There is no law banning the use of MEXC in Spain.
MEXC is not locally regulated by Spain’s CNMV (Comisión Nacional del Mercado de Valores), meaning it operates as an international platform.
Users in Spain are still legally allowed to use international exchanges, but consumer protection is limited compared to licensed domestic platforms.
For compliance, MEXC applies KYC (Know Your Customer) verification and anti-money laundering checks, even though initial trading can be done with only basic registration.
3. Key Features for Spanish Users
a. Low Trading Fees
MEXC’s 0% maker fees on spot trading and 0.01% taker fees for futures are among the lowest in the industry. For high-frequency traders in Spain, this can result in substantial cost savings.
b. Large Selection of Assets
MEXC lists over 3,000 cryptocurrencies and tokens—far more than many competitors. This includes established coins like Bitcoin and Ethereum, as well as emerging altcoins and DeFi tokens.
c. Advanced Trading Options
Spanish users can access:
Spot trading for instant crypto purchases and sales.
Futures trading with leverage.
Margin trading for higher exposure.
Copy trading to mirror the strategies of top traders.
d. Staking and Passive Income
MEXC also offers staking options, allowing users in Spain to earn interest on their holdings.
e. Mobile Accessibility
The MEXC mobile app supports both iOS and Android, and works smoothly in Spain. It includes trading, deposits, withdrawals, and account security management.
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4. KYC Requirements and Account Levels
MEXC offers different levels of account verification:
Level 0 (Unverified): Only email/phone registration, limited withdrawal amounts (~10 BTC/day).
Level 1 (Basic KYC): Requires government-issued ID and selfie verification. Increases withdrawal limits and unlocks more features.
Level 2 (Advanced KYC): Adds proof of address and possibly video verification. Grants maximum withdrawal limit (~200 BTC/day) and access to OTC trades.
For Spanish residents, completing Level 1 or Level 2 KYC is highly recommended to enjoy unrestricted usage and comply with local financial rules.
5. Benefits of Using MEXC in Spain
Full Access: No geo-restrictions; all features are available.
Low Costs: Industry-leading low fees, plus occasional fee-free campaigns.
Diverse Asset Choice: Access to thousands of coins and tokens.
Liquidity: High trading volume, ensuring quick order execution.
User-Friendly Interface: Suitable for both beginners and advanced traders.
Passive Income: Staking and lending features for long-term investors.
Educational Resources: Tutorials, market insights, and trading competitions.
6. Potential Drawbacks for Spanish Users
Not EU-regulated: MEXC operates internationally, so disputes are not handled under EU consumer law.
Regulatory Changes: Future MiCA regulations could require MEXC to apply for an EU license, potentially impacting service availability.
Risk with Leverage: Futures and margin trading carry high risk, especially with volatile assets.
Limited Fiat Options: Direct EUR deposits may be less convenient than local exchanges.
7. Step-by-Step: Getting Started in Spain
Step 1 – Registration
Visit the official MEXC website. Sign up using email or phone.
Step 2 – Secure Your Account
Enable 2FA (Two-Factor Authentication) via Google Authenticator.
Step 3 – Complete KYC
Submit your ID and a selfie to unlock higher limits and full features.
Step 4 – Deposit Funds
You can deposit crypto directly or use fiat options available to Spanish users (may include bank transfers or card payments depending on your account level).
Step 5 – Start Trading
Choose spot or futures markets. MEXC’s interface offers advanced charting and order types for strategic trading.
Step 6 – Withdraw Safely
When withdrawing to your wallet, double-check addresses to avoid irreversible mistakes.
8. Staying Safe on MEXC in Spain
Avoid phishing links—only use the official MEXC website or app.
Use cold storage for long-term holdings; keep only what you trade actively in MEXC’s wallet.
Be cautious with leverage—Spanish users new to futures trading should start with small positions.
Monitor regulatory updates from the EU and Spain’s CNMV.
9. Final Verdict
MEXC is fully available in Spain, offering a robust, low-cost, and feature-rich platform for cryptocurrency trading. Spanish traders gain access to a global marketplace with thousands of assets, advanced trading tools, and opportunities for passive income.
While MEXC’s lack of EU licensing means users should remain cautious about regulatory developments, the platform’s strong liquidity, low fees, and ease of access make it a compelling choice in 2025.
If you are in Spain and looking for a high-volume exchange with a global reach, MEXC stands out as one of the most competitive options available today.
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