Question 1

Can Indians use MEXC?

Accepted Answer

Yes. MEXC is accessible to Indian users and is registered with FIU-IND. It is particularly popular among Indian traders for its low fees and wide altcoin selection not available on Indian exchanges.

Question 2

What are MEXC trading fees?

Accepted Answer

MEXC offers 0% maker fee and 0.05% taker fee for spot trading — among the lowest in the industry. There are no deposit fees. Withdrawal fees vary by coin and network.

Question 3

Does MEXC support INR deposits?

Accepted Answer

MEXC does not support direct INR bank deposits. Indian users typically buy USDT via P2P trading on MEXC and then use USDT to purchase other coins. Debit/credit cards are also accepted.

Question 4

Does MEXC deduct TDS on trades by Indians?

Accepted Answer

MEXC deducts TDS for Indian users on qualifying transactions. However, since MEXC is an international exchange, verify TDS deduction in Form 26AS. If TDS is not auto-deducted, self-deposit using Form 26QE within 30 days.

Question 5

How many coins does MEXC support?

Accepted Answer

MEXC supports 2,000+ coins and tokens — far more than any Indian exchange. This makes it popular for traders looking to invest in new altcoins and tokens not yet listed on CoinDCX or WazirX.

Question 6

Is MEXC safe?

Accepted Answer

MEXC has operated since 2018 and has not had a major security breach. It uses cold storage, 2FA, and anti-phishing measures. As an international exchange, it falls outside SEBI jurisdiction — factor this into your risk assessment.

Maker Fee	0.00%
Taker Fee	0.05%
INR Deposit Methods	P2P (UPI/Bank), Card (Banxa)
INR Withdrawal Fee	Via P2P only
Crypto Withdrawal Fee	Network fee varies
KYC Required	Optional (basic trading)
TDS Handling	⚠️ Manual — you must self-report

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