MEXC — review & details
Global exchange that added Nigerian naira to its P2P marketplace in September 2025 (per its own announcement), letting Nigerians buy and sell BTC, ETH, USDT and USDC with naira through escrowed peer trades. No SEC Nigeria standing verified.
NGN P2P, zero P2P fees
MEXC
★★★★☆
NGN P2P marketplace (announced 10 September 2025 on MEXC's own support pages); no direct NGN bank deposits
Ngn Support
Crypto releases from escrow once the seller confirms your bank payment — usually minutes, counterparty-dependent
Speed
No SEC Nigeria (ARIP/ISA 2025) licence verified during this research
Licence/ Registration
Traders who want a wide altcoin selection with a working naira P2P ramp
Best For
Global exchange (P2P naira ramp)
Type
Pros
- Active, officially announced NGN P2P support with BTC, ETH, USDT and USDC pairs
- Zero P2P transaction fees per MEXC's announcement — costs sit in counterparty pricing
- Escrow model holds the seller's crypto until payment is confirmed
Cons
- No verified SEC Nigeria licence or local entity — an offshore platform with limited local recourse
- P2P trading carries counterparty and payment-dispute risk that on-platform order books do not
- Crypto is highly volatile and largely outside investor-protection schemes; naira P2P spreads can be wide in stressed markets
Fees, eligibility & documents
Fees
P2P feesAdvertised as zero; the real cost is the counterparty's NGN rate — compare against other platforms' effective rates
Trading feesSpot maker/taker fees per MEXC's published schedule once you are on-platform
Eligibility
- Aged 18+ with completed MEXC KYC
- Nigerian bank account or supported payment method for P2P settlement
Documents needed
- Government-issued photo ID
- Selfie/liveness verification
- Higher tiers may require additional documentation
How MEXC compares in crypto exchanges
| MEXC | Quidax | Busha | |
|---|---|---|---|
| Ngn Support | NGN P2P marketplace (announced 10 September 2025 on MEXC's own support pages); no direct NGN bank deposits | — | — |
| Speed | Crypto releases from escrow once the seller confirms your bank payment — usually minutes, counterparty-dependent | — | — |
| Licence/ Registration | No SEC Nigeria (ARIP/ISA 2025) licence verified during this research | — | — |
| Best For | Traders who want a wide altcoin selection with a working naira P2P ramp | Local, regulated buying | Simple naira buying |
| Visit MEXC → | Visit Quidax → | Visit Busha → |
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