How to Buy Crypto on MEXC exchange in the UK: Simple Guide

As cryptocurrency adoption expands in the UK, the demand for a secure and user-friendly exchange like MEXC Global increases. This guide provides a step-by-step walkthrough to buy crypto on MEXC, specifically tailored for users in the UK.

MEXC Exchange touts itself as a high-performance trading engine capable of processing a large number of transactions per second. The exchange is now a top crypto platform due to its diverse cryptocurrencies and trading pairs for spot and futures.

What is MEXC and how Does it Work in the UK?

MEXC is a leading centralized cryptocurrency exchange where users can easily buy, sell, and trade digital assets. It provides access to thousands of spot and futures trading pairs, making it one of the most diverse platforms.

Notably, the platform has the largest crypto pool and high daily trading volume, ensuring strong liquidity in the industry. MEXC also provides various fee discounts, helping users save on trading costs.

Users pay just 0.05% in fees for both Maker and Taker on spot trades. Futures trading fees go as low as 0.02% for Takers. MX token holders get even more benefits, with discounts of up to 50% on fees.

Many UK users choose MEXC for its low fees and no mandatory KYC requirements, unlike other exchanges. The platform supports spot and futures trading, leveraged ETFs, NFT Index, and crypto loans. Beginners can also practice with demo trading tools.

MEXC frequently conducts crypto-airdrop campaigns, allowing users to receive free tokens from both well-established and emerging projects. These airdrops are available through features like MEXC Launchpool and Kickstarter, where new opportunities are introduced daily.

Notably, last year MEXC Global hosted 1,886 airdrop events, averaging over 200 per month. The exchange also distributed more than 107 million USDT in rewards.

Meanwhile, holders of MX token, MEXC’s native utility token, benefited from annualized returns of up to 57.73%. They also get exclusive rewards like higher staking yields and priority access to new tokens, highlighting the exchange’s user benefits.

How Many Cryptocurrencies are Available for Buying on MEXC?

With over 3,057 spot pairs and 1,037 futures contracts, the exchange offers one of the most diverse token selections. The platform supports established digital assets like Bitcoin (BTC) and Ether (ETH), as well as trending and emerging tokens.

MEXC caters to users of all experience levels, helping them manage and expand their portfolios based on different financial objectives. The platform regularly adds new cryptocurrencies to stay aligned with market trends.

8 Ways to Purchase Crypto on MEXC

Here are eight methods for UK users to buy crypto on MEXC Global Exchange:

• Quick Buy 
• P2P Trading
• Fiat Deposit
• Spot Trading
• Debit/Credit Card
• Bank Transfer
• Third-party
• Crypto Deposit

Quick Buy – This is the fastest way to buy crypto on MEXC. Users select the cryptocurrency and amount they want, choose a payment method, and complete the transaction instantly. No need for market analysis or trading experience.

P2P Trading – Peer-to-Peer (P2P) trading allows users to buy crypto directly from other individuals. Buyers and sellers set their own prices, and transactions are completed through bank transfers, e-wallets, or other payment options. MEXC provides an escrow service to ensure safe transactions.

Fiat Deposit – Users deposit fiat currency (such as USD, GBP, or EUR) into their MEXC account through bank transfers or supported payment methods. Once the deposit is confirmed, they can use it to buy crypto on the platform without relying on third-party services.

Spot Trading – This method requires users to first deposit fiat or stablecoins (like USDT) into their MEXC wallet. They can then trade their funds for other cryptocurrencies by placing market or limit orders on the spot trading market.

Debit/Credit Card – Users can buy crypto instantly using Visa, Mastercard, or other supported bank cards. This method is convenient but may come with higher fees depending on the card provider and transaction policies.

Bank Transfer – Some regions support direct bank transfers to buy crypto. Users send money from their bank account to MEXC, which is then credited to their balance. This option is usually cheaper than card payments but may take longer to process.

Third-Party Payment Providers – MEXC partners with services like Banxa, Simplex, and MoonPay to facilitate fiat-to-crypto purchases. Users select their preferred provider and follow the instructions to complete the transaction. They can pay using Apple Pay, Google Pay, or wire transfers.

Crypto Deposit – Crypto deposits allow users to fund their MEXC accounts by transferring digital assets from an external wallet or another exchange. This method is ideal for those who already own cryptocurrency and want to trade on MEXC.

Is MEXC Legal in the UK?  

MEXC operates globally but is not currently regulated by the UK’s Financial Conduct Authority (FCA), which oversees the country's financial services, including crypto. While UK residents can use the exchange to buy, sell, and trade cryptocurrencies, MEXC does not hold a specific license to provide crypto services under UK financial regulations. 

However, despite its unregulated status in the country, MEXC remains a popular choice due to its low trading fees, wide selection of cryptocurrencies, and optional KYC requirements. While UK users can freely access the platform and use its services, staying informed about potential regulatory changes is crucial.

How to Buy Crypto on MEXC in the UK?

As mentioned earlier, UK users can buy cryptocurrency on MEXC Global Exchange through various methods. Quick Buy, P2P trading, third-party payment providers, and fiat deposits give users multiple choices. You can select the most convenient option based on your preference.

Here’s how to buy cryptocurrency on MEXC with ease:

1. Make sure you have an active MEXC account. If you don’t have one, you can register in the next section. If you're new, registration will be covered in the next section.
   
   
2. Go to the "Buy Crypto" section on the homepage. This is where you’ll see different ways to purchase crypto.
   
   
3. Choose the fiat currency you want to pay with, such as EUR, USD, or JPY. Then, select the crypto you want to receive.
   
   
4. Choose a payment method. You can use options like P2P trading, third-party services, or bank deposits.
   
   
5. Follow the instructions for your selected payment method to complete the transaction.
   
   
6. After the purchase is successful, check your MEXC wallet to confirm that the crypto has been added.

How to sign up for MEXC in the UK?

Creating an account on MEXC is straightforward for UK users. Follow these steps to get started:

1. Visit the MEXC Website or App

• Go to MEXC’s official website or download the MEXC app on your mobile device.
• Click "Sign Up" on the homepage.

2. Enter Your Details

• Provide your email address or phone number and create a strong password.
• If using an email, check your inbox for a verification code and enter it on the registration page.

3. Agree to the Terms and Create Your Account

• Read and accept MEXC’s terms of service.
• Click "Sign Up" to complete the registration.

4. Secure Your Account

• Enable two-factor authentication (2FA) via Google Authenticator or SMS verification for extra security.

Once registered, you can access MEXC’s features, including Quick Buy, P2P trading, and spot trading. KYC verification may be required for higher transaction limits, which will be covered in the next section.

Is it possible to buy crypto on MEXC without KYC Verification?

Yes, MEXC allows users to trade and withdraw up to 10 BTC per day without completing KYC verification. However, to access higher withdrawal limits and certain features, completing the KYC process is recommended.

While MEXC does not require KYC for trading, completing the verification process increases withdrawal limits and enhances account security. Users must provide personal information and upload a government-issued ID.

9 Steps to Buy Crypto on MEXC with Quick Buy in the UK

Quick Buy is a faster way to purchase crypto because it doesn't require order matching like P2P trading. The process is simple, with fewer steps, making it easier for beginners. It supports various payment options, including bank cards, Apple Pay, and Google Pay. This makes buying crypto more convenient and accessible.

Here are nine steps involved in using the Quick Buy feature:

• Log in to your MEXC account 
• Go to the “Buy Crypto” section
• Select “Quick Buy”
• Choose the fiat currency and crypto 
• Enter the purchase amount 
• Select a payment method 
• Confirm the transaction details 
• Complete the payment 
• Check your MEXC wallet

Step 1: Log in to Your MEXC Account

Ensure you have an active MEXC account. If you’re new, sign up and complete the basic registration process.

Step 2: Go to the "Buy Crypto" Section

On the MEXC homepage, locate and click on the “Buy Crypto” tab. This section provides multiple options for purchasing digital assets.

Step 3: Select "Quick Buy"

Under the "Buy Crypto" section, choose "Quick Buy" as your preferred method. This option allows for an instant purchase with minimal steps.

Step 4: Choose the Fiat Currency and Crypto

Select the fiat currency you want to pay with (e.g., USD, EUR, JPY). Then, choose the cryptocurrency you wish to purchase.

Step 5: Enter the Purchase Amount

Input the amount of fiat currency you want to spend or the amount of crypto you wish to receive. The system will display the estimated exchange rate.

Step 6: Select a Payment Method

“Quick Buy” provides several payment options for purchasing crypto. You can buy crypto with a credit card on MEXC using Visa or Mastercard. The platform also supports bank transfers and third-party providers like Banxa, Simplex, and MoonPay.

Step 7: Confirm the Transaction Details

Review the transaction summary, including the exchange rate, fees, and estimated time for processing. Ensure all details are correct before proceeding.

Step 8: Complete the Payment

Follow the instructions based on your selected payment method. For card payments, enter your card details, while bank transfers may require verification through your banking app.

Step 9: Check Your MEXC Wallet

Once the transaction is successful, the purchased crypto will appear in your MEXC wallet. You can verify the balance under the "Assets" section.

By following these steps, you can quickly and efficiently trade on MEXC using the Quick Buy feature.

MEXC Fees Explained: What UK Crypto Buyers Should Pay

MEXC keeps its trading fees simple and easy to understand. Unlike tiered systems where fees change based on trading volume, the platform uses a fixed fee for most users. Whether you trade often or just occasionally, you can plan your costs without worrying about unexpected charges.

Notably, MEXC uses a maker-taker fee model for its trading products, similar to major exchanges. A maker keeps the market active by placing limit orders that don’t fill immediately. These orders stay open until another person buys or sells at the set price.

While makers provide liquidity, takers do the opposite by filling existing orders. A taker completes trades instantly by matching with available orders. This usually happens when using market orders or limit orders that execute right away.

If you’re new to crypto trading understanding the fee structure is crucial for effective trading:

Trading Fees: 

MEXC offers competitive fees, with spot trading fees set at 0.05% for both makers and takers. Futures trading fees are 0% for makers and 0.02% for takers.

Deposit Fees: 

Depositing cryptocurrencies is free. However, some cryptocurrencies have a minimum deposit amount. If you send less than the required amount, it won’t be added to your MEXC account and can’t be refunded. To avoid this, always check the minimum deposit before making a transfer.

Withdrawal Fees: 

Unlike deposit fees, withdrawal charges depend on the cryptocurrency and network you use. Network congestion can also affect the cost. To see the exact withdrawal fees for your chosen network, you can check MEXC’s fee structure. This helps you compare options and pick the most suitable one.

Conclusion

MEXC provides a robust platform for UK users to buy and trade a wide variety of cryptocurrencies. With multiple purchasing methods, competitive fees, and a user-friendly interface, it caters to both beginners and experienced traders. While KYC verification is optional for basic trading, completing it offers additional benefits and higher withdrawal limits. Always ensure to review the latest fee structures and platform updates to make informed trading decisions.​

FAQs

Is MEXC a regulated crypto exchange in the UK?

MEXC operates globally but is not regulated by the UK's Financial Conduct Authority (FCA). Users should be aware of this and consider the associated risks when trading on unregulated platforms.

Is it secure to buy crypto on MEXC?

Yes, MEXC employs advanced security measures, including two-factor authentication (2FA) and cold storage for digital assets. It also conducts regular security audits to protect user funds and data. Users can also set up biometric authentication for enhanced security.

What is the maximum purchase limit on MEXC for UK users?

The maximum purchase limit on MEXC depends on the payment method:

• Debit/Credit Card: £5,000 per transaction, with a daily limit of £10,000.
• P2P Trading: No fixed limit, as it depends on the seller's availability.
• Bank Transfer: Limits vary based on the service provider used for fiat deposits.

For high-value transactions, users may need to complete full KYC verification.

Is it possible to buy crypto via the MEXC app in the United Kingdom?

Yes, UK users can buy and trade using MEXC through its mobile app, available for iOS and Android. The app offers the same purchasing methods as the web version, including Quick Buy, P2P Trading, and Spot Trading.