7 minute read
Is MEXC Exchange Available in Germany? Review Broker
from MEXC Exchange
by XM Blog
If you live in Germany and are looking for a reliable cryptocurrency exchange, you might be wondering: Is MEXC Exchange available in Germany?The short answer is yes — MEXC Exchange is accessible to users in Germany, allowing them to trade a wide range of cryptocurrencies with competitive fees and advanced features. However, before you start trading, it’s important to understand how MEXC works in the German market, what regulations apply, and what benefits and limitations you might face.
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In this article, we’ll break everything down clearly, from regulatory status to account creation, fees, and the overall pros and cons of using MEXC in Germany.
Understanding MEXC Exchange
MEXC Exchange, launched in 2018, is a global cryptocurrency trading platform that has quickly built a reputation for offering a massive selection of coins — often listing new tokens faster than many other major exchanges. Known for its user-friendly interface and high liquidity, MEXC provides services such as:
· Spot trading
· Futures trading
· Margin trading
· Staking and savings products
· Launchpad for new crypto projects
With millions of users worldwide, MEXC has expanded its reach to many countries, including Germany. But since cryptocurrency regulations vary from country to country, understanding the local rules is crucial before you start trading.
Is MEXC Legal in Germany?
Yes, MEXC operates in Germany, but it is important to note that it does so as an international exchange that is not headquartered within the country. In Germany, the Federal Financial Supervisory Authority (BaFin) is the main regulator for financial markets, including cryptocurrencies.
As of now, MEXC has not been issued a BaFin license, meaning it operates under its global license rather than being a locally regulated German platform. This is not unusual — many international exchanges operate in Germany in a similar way.
This means:
· German residents can legally access and use MEXC for crypto trading.
· Users must comply with MEXC’s own Know Your Customer (KYC) verification process.
· Tax obligations for crypto trading in Germany still apply — profits may be subject to capital gains tax depending on your holding period.
If you’re using MEXC in Germany, you are trading under MEXC’s international regulatory framework, so you should always ensure you understand both German and international compliance rules.
How to Create a MEXC Account in Germany
Getting started with MEXC in Germany is straightforward. Here’s a quick overview:
1. Sign Up – Visit the MEXC official website or mobile app and register with your email or phone number.
2. Verify Your Identity – Complete KYC verification by uploading your ID or passport. This step is mandatory for most functions, including withdrawals above a certain limit.
3. Secure Your Account – Enable two-factor authentication (2FA) for extra security.
4. Deposit Funds – You can deposit cryptocurrencies from another wallet or use fiat on-ramp services MEXC offers through third-party payment processors.
5. Start Trading – Choose from spot, futures, or margin trading options.
The process usually takes less than 10 minutes if you have your documents ready.
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Payment Methods for German Users
While MEXC does not directly integrate with German banks in the same way local exchanges might, it offers several funding options:
· Crypto deposits: Transfer Bitcoin, Ethereum, or other supported coins from your wallet.
· Third-party fiat gateways: MEXC partners with payment providers to allow EUR deposits via bank transfer, credit/debit cards, or SEPA payments.
· P2P trading: Peer-to-peer marketplace where you can buy or sell crypto directly with other users using various local payment methods.
It’s worth noting that fiat deposit and withdrawal fees depend on the third-party provider you choose.
Fees on MEXC in Germany
One of the biggest advantages of MEXC is its competitive fee structure. For German traders:
· Spot trading fees: Typically 0.1% maker and 0.1% taker, which can be reduced with MX token holdings or VIP tiers.
· Futures trading fees: Lower than spot fees, often around 0.02% maker and 0.06% taker.
· Deposit fees: Crypto deposits are free; fiat deposits depend on the payment method.
· Withdrawal fees: Vary by cryptocurrency and blockchain network.
Compared to other global exchanges, MEXC’s fees are on the lower end, making it appealing to active traders.
Supported Cryptocurrencies
German users have access to MEXC’s full range of listed cryptocurrencies — often over 1,500 coins and tokens. This includes:
· Major coins like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL)
· Popular altcoins like Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB)
· Emerging tokens from DeFi, GameFi, and NFT ecosystems
This extensive selection is a major selling point for traders looking to diversify their portfolios or invest early in new projects.
Security Measures for German Traders
Security is a top priority for any crypto user, especially when trading on an international platform. MEXC implements several measures to protect German users’ assets:
· Two-factor authentication (2FA) for account access
· Cold wallet storage for the majority of user funds
· Anti-phishing codes to verify official communications
· Withdrawal whitelist to prevent unauthorized transfers
However, as with all exchanges, it’s recommended that German traders store long-term holdings in a private hardware wallet rather than leaving them entirely on the exchange.
Tax Implications of Using MEXC in Germany
Crypto taxation in Germany is clear but strict. If you trade on MEXC:
· Holding crypto for more than 1 year: Your profits are tax-free.
· Holding for less than 1 year: Profits above €600 are subject to income tax.
· Staking or lending rewards: Often taxed as income, even if held for over a year.
This means that MEXC users in Germany should keep detailed records of their trades, deposits, and withdrawals to report accurately during tax season.
Advantages of Using MEXC in Germany
1. Huge coin selection — Access to hundreds more tokens than many local exchanges.
2. Low trading fees — Ideal for active day traders and scalpers.
3. User-friendly interface — Suitable for both beginners and experienced traders.
4. Advanced features — Futures, margin trading, staking, and launchpad opportunities.
5. Accessibility — Easily accessible in Germany without VPN restrictions.
Potential Drawbacks for German Users
1. Not BaFin-licensed — Operates under an international license, which may be a concern for highly risk-averse users.
2. Limited direct fiat integration — EUR deposits rely on third-party payment providers.
3. Tax reporting complexity — With so many coins and trades, tax calculations can get tricky.
Is MEXC the Right Choice for You in Germany?
Whether MEXC is the best exchange for you depends on your needs. If you’re looking for a large selection of coins, competitive fees, and advanced trading features, MEXC is an excellent option for German traders. However, if you prefer a locally regulated platform with direct integration to German banking systems, you might consider alternatives like Bitpanda or Bison alongside MEXC.
Final Thoughts
MEXC Exchange is indeed available in Germany and offers an attractive package for crypto traders — from a vast token list to low fees and advanced tools. While it doesn’t hold a BaFin license, it is fully operational for German residents and continues to grow in popularity among both casual investors and professional traders.
If you decide to use MEXC in Germany, remember to:
· Complete KYC for full access.
· Enable all security measures like 2FA.
· Keep detailed trade records for tax purposes.
· Withdraw large holdings to private wallets for maximum safety.
In short, MEXC provides German crypto traders with global market access and a powerful set of features — making it a strong choice in the competitive exchange landscape.
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