When people in Iran look for a way to trade cryptocurrency, MEXC, a global crypto exchange with low fees and support for hundreds of tokens. Also known as MEXC Global, it's one of the few platforms that still allows users from restricted regions to sign up and trade. Unlike exchanges that block Iranian IPs, MEXC doesn’t verify location during registration—making it a go-to for those avoiding local banking limits and capital controls.
But using MEXC in Iran isn’t just about access—it’s about survival. With Iran on the FATF greylist, local exchanges shut down or freeze accounts. Many turn to MEXC because it supports stablecoins, digital assets pegged to the US dollar to protect savings from hyperinflation like USDT and USDC. You can buy them with peer-to-peer payments, then trade for Bitcoin, Ethereum, or even obscure tokens like AOP or TOMA. It’s not legal under Iranian law, but it’s practical. People use it to send money abroad, buy goods online, or preserve wealth when the rial crashes.
There’s a catch. MEXC doesn’t offer Iranian rial deposits or withdrawals. You can’t cash out directly. You need to find someone willing to trade cash for crypto via Telegram or local forums. That’s where risk creeps in—scams, fake payments, and frozen funds are common. Plus, MEXC has no customer support for Iranian users. If your account gets flagged, you’re on your own. And while the platform doesn’t ask for ID, the Iranian government still monitors crypto activity. If caught, you could face fines or worse.
Still, thousands do it. Why? Because there’s no better alternative. Local exchanges like Bitbns or Parsiex have vanished. Centralized banks won’t touch crypto. MEXC remains one of the few bridges out. You’ll find users trading DeFi tokens, crypto projects built on decentralized networks that let you earn interest or swap assets without banks like NOW or DIVI, or gambling on micro-cap coins like GORK or DRAGONKING. Most of these are high-risk, but in a country where savings evaporate monthly, even risky bets feel safer than keeping cash.
What you’ll find below are real user experiences, warnings about scams pretending to be MEXC support, guides on how to move crypto safely out of Iran, and breakdowns of the tokens Iranians actually trade—not the ones marketed to Western investors. This isn’t a guide to getting rich. It’s a guide to staying solvent.
Iranian citizens use crypto exchanges to bypass banking sanctions. In 2025, Nobitex dominates locally but is risky after a $90M hack. International platforms like MEXC, KuCoin, and XT.com remain accessible with KYC, while DAI on Polygon is replacing USDT as the preferred stablecoin.