A referral code MEXC users type in at sign-up links your new account to the person who invited you, and may qualify you for task-based rewards. It will not work for you if you live in the UK, US or Canada, because MEXC’s User Agreement bans all three. Bybit’s scheme is clearer: up to 500 USDT shared between you and your inviter, but only if you finish set trading tasks in a country Bybit serves. Check your country first, then the conditions, and ignore any “guaranteed” bonus.

Last verified: 10 November 2026, against MEXC and Bybit’s own terms and help pages. Availability and offers change without notice, so check again before you register. This is general information, not financial or legal advice, and it is not a promotion of either exchange.

Quick answers

Question	Short answer
Can I use MEXC from the UK?	No. The UK is a prohibited jurisdiction in MEXC’s User Agreement (updated 13 October 2026).
Is there a fixed MEXC sign-up bonus?	No single fixed figure appears on MEXC’s referral help page. Rewards are task-based and vary by campaign.
What does the referrer earn?	MEXC: 40% of friends’ trading fees (up to 70% for approved affiliates). Bybit: 20% to 30%.
Can I add the code after signing up?	MEXC: yes, within 30 days, on main accounts only. Bybit: no.
Is Bybit available in the UK?	Only in a limited form: spot trading and peer-to-peer, through a financial-promotions arrangement. Bybit is not FCA-authorised.
Is MEXC legit?	It operates, but it holds no major-market licence that I could find, it has regulator warnings against it, and the US Treasury’s FinCEN issued an order against it on 6 November 2026.

In this guide

• Is MEXC or Bybit available in your country?
• What a MEXC referral code is and does
• How to register and use the code
• MEXC referral programme: real rewards and conditions
• Bybit invite code: rewards and rules
• MEXC vs Bybit side by side
• Safety: legitimacy, bonus forfeiture and scams
• FAQs
• Final verdict

Is MEXC or Bybit Available in Your Country?

Check this before anything else. A referral reward is worthless if your account fails identity checks, gets restricted or is closed because you live somewhere the exchange does not serve.

Is MEXC available in the United Kingdom?

No. MEXC’s User Agreement names the United Kingdom as a prohibited jurisdiction. Independent compliance sites also report MEXC Global Ltd on the Financial Conduct Authority’s Warning List, so check the FCA list yourself. A VPN may be fine for everyday uses such as unblocking YouTube, but hiding your location from an exchange breaks its terms and can get your account frozen.

Is MEXC available in the United States?

No. MEXC’s terms say it does not provide services to, or accept registrations from, users in the United States. The US Treasury has since gone further (see the safety section).

Is MEXC available in India?

Not for new users. MEXC paused new Indian registrations from 15 January 2026 while it works on registration with India’s Financial Intelligence Unit (FIU-IND). From 28 February 2026 it also suspended trading and deposits for Indian addresses. MEXC says existing funds stay safe. New-user reward tasks for India stopped on 15 January, and unclaimed rewards were forfeited. I found no announcement that services have resumed, so check MEXC’s announcements page. India is not named in the User Agreement, which is why many affiliate pages wrongly imply it is open.

Is MEXC available in the European Union?

It depends on the country. MEXC lists France and the Netherlands as prohibited, and the Dutch regulator (AFM) warned about MEXC in September 2025. I could not find a MiCA authorisation for MEXC, so check the ESMA register and your national regulator.

Where is Bybit available?

Bybit’s restricted-countries page (updated 16 October 2026) excludes the United States, mainland China, Hong Kong, Singapore, Canada, North Korea, Cuba, Iran, Uzbekistan, Sudan, Syria, Crimea and Russian-controlled parts of Ukraine. The UK is not on that list. Bybit returned to the UK in December 2025 with spot trading and peer-to-peer only, through a financial-promotions arrangement with Archax. Bybit itself is not authorised by the FCA, and it does not offer derivatives to UK users.

In the EU, Bybit EU GmbH holds a MiCA authorisation from Austria’s regulator, the FMA, and serves the European Economic Area through its own platform. In India, the FIU-IND fined Bybit ₹9.27 crore in January 2025 for operating without registration. Bybit says it then registered and restored services with stricter KYC.

MEXC vs Bybit: country availability

Country or region	MEXC	Bybit
United States	❌ Prohibited	❌ Excluded
United Kingdom	❌ Prohibited	⚠️ Limited: spot and P2P only, not FCA-authorised
European Union / EEA	⚠️ France and Netherlands prohibited; no MiCA authorisation found	✅ Via Bybit EU (Austrian MiCA authorisation)
India	⚠️ New sign-ups paused; trading and deposits suspended	⚠️ Available after FIU-IND action and registration; full KYC
Canada	❌ Prohibited	❌ Excluded
Singapore	❌ Prohibited	❌ Excluded

What Is a MEXC Referral Code and What Does It Do?

What does a MEXC referral code do?

A referral code (MEXC also calls it an invitation code) is a short string that ties a new account to the person who invited you. A referral link is the same thing with the code filled in for you. The code gives two things. The referrer earns a share of your trading fees, and both of you may be able to claim task rewards if you meet the programme’s requirements.

It does not make anything cheaper for you by default. MEXC’s help page lists the referrer’s commission but no fixed discount or reward amount for the new user. If a page promises you a set fee cut, check it against the fee schedule inside your own account.

Is a MEXC referral code the same as a promo code?

No. A promo code is a discount a company gives you directly, like the offers in our Perplexity Pro discount code and Lovable promo code guides. A referral code credits a person, who is paid out of the fees you generate. An affiliate link is a referral link run by a marketing partner, usually on a higher commission rate.

Who benefits from a referral code?

• New users may claim task rewards, if they live in a country MEXC serves.
• Referrers earn commission on their friends’ trading fees.
• Affiliate publishers earn the most, so their pages tend to lead with the biggest bonus number. If you want income that does not depend on markets, our list of the best things to sell online is a lower-risk place to start.

How to Register and Use a MEXC Referral Code

Only follow these steps if MEXC is available where you live (see the table above).

1. Use the official site. Type the MEXC web address yourself or use the official app. Do not follow links from direct messages, Telegram groups or adverts. MEXC’s terms ban phishing sites that use referral links, which tells you fake pages exist.
2. Create the account. Sign up with an email address or phone number, choose a strong password you use nowhere else, and switch on two-factor authentication.
3. Enter the code. Type the referrer’s code into the referral or invitation field. If you used their link, the field fills in on its own. Check it before you submit.
4. Complete identity verification if asked. I could not find one KYC rule for the standard referral on MEXC’s help pages, so read the conditions on each reward task. Verification rules can differ by country.
5. Read the reward conditions. Open the Rewards Hub or Referral page and note each task, qualifying action and deadline before you deposit anything.

Can you add a MEXC referral code after signing up?

Yes, in limited cases. MEXC offers Self-Service Referrer Linking using the referrer’s code or UID. Your account must be a main account that signed up within the past 30 days, the referrer must have joined before you, and the link is blocked if the two accounts share identity details. The link is permanent. Some accounts are told to contact customer service instead. Bybit is stricter: a user who signs up without the code or link is not counted as a referee.

MEXC Referral Programme: Real Rewards and Conditions

How much can you earn through the MEXC referral programme?

MEXC’s referral help page says regular referrers earn 40% of their friends’ spot and futures trading fees, with no cap on total commission. Approved affiliates can earn up to 70%. Commission is paid in the token your friend used for the fee and credited to the referrer’s Spot account. It lasts 1,080 days from the friend’s sign-up, or 540 days in some regions.

An example makes the maths clear. If friends pay $100 in net fees, a regular referrer receives $40. That money comes from MEXC’s fee income, not from your pocket, and it does not by itself give you a discount.

MEXC also runs event rewards on top. The help page mentions a chance to win 140 USDT for inviting one friend to an event, and an Elite or Champion tier with event rewards of up to 5,360 USDT. These are campaign prizes with conditions, not standing income.

Does MEXC offer a sign-up bonus?

MEXC runs new-user tasks through its Rewards Hub, such as signing up, depositing and trading. Its own site banners advertise up to 10,000 USDT in new-user rewards. The referral help page, however, lists no amount for the new user, and I could not find one official, fixed bonus with its full unlock conditions. Affiliate pages quote figures from $5 to 8,000 USDT to 10,000 USDT, and those cannot all be right. Treat any maximum as the top of a tiered scheme, not a gift.

Does a MEXC referral code reduce your trading fees?

I could not verify a standard fee discount for the person using the code. Some affiliate pages claim discounts of 20% to 60%, but MEXC’s help page documents the referrer’s commission only. Check the fee page in your account after you register.

Are MEXC referral rewards withdrawable?

Commission credited to a referrer’s Spot account is a normal balance. For new-user rewards, MEXC’s help page does not say whether they are cash, vouchers or trading credits. Exchange vouchers and futures bonuses are often non-withdrawable, so read the voucher terms before assuming you can cash out.

What conditions apply?

• A new account, in an eligible country.
• Completing each task before its deadline. Unclaimed rewards can be lost, as Indian users found in January 2026.
• One person, one set of identity details. Referrer linking is blocked when accounts share identity information.
• No account farming. MEXC’s terms allow a maximum of two accounts per user, and clause 17(f)(viii) bans bulk registration to gain extra benefits.

MEXC’s referral page does not spell out self-referral penalties, so I have not invented any. The User Agreement is the document to read.

Bybit Invite Code: Rewards and Rules

What is a Bybit invite code and how do you use it?

It is Bybit’s version of a referral code. The inviter finds it under Invite Friends, and the new user enters it at sign-up. Bybit’s referral FAQ says the programme is for Bybit Global users, and some regions run their own schemes. I could not confirm whether UK accounts qualify, so check the referral page inside your account.

1. Go to the official Bybit site and start a new account with the code or link.
2. Make a first trade of at least $50 within 14 days (for sign-ups on or after 10 October 2026).
3. Keep trading to reach the volume tiers within 30 days of that first trade.
4. Claim each reward within 10 days, or it expires.

Bybit does not allow a code to be added later. A person who registers without the link or code is not recognised as your referee.

What rewards does Bybit offer new users?

Sign-up date	Task	Reward
On or after 10 Oct 2026	First trade of $50+ within 14 days	50 USDT each
On or after 10 Oct 2026	$500+ cumulative volume within 30 days of first trade	100 USDT each
On or after 10 Oct 2026	$10,000+ cumulative volume within 30 days of first trade	100 USDT each
Before 10 Oct 2026	$100+ deposit within 7 days	10 USDT each
Before 10 Oct 2026	$500+ spot or derivatives volume within 30 days (after deposit)	15 USDT each
Before 10 Oct 2026	$10,000+ volume within 30 days (after deposit)	Mystery Box worth up to 1,000 USDT each

What are the Bybit referral requirements?

• Deposits must be net and made by One-Click Buy, P2P, crypto deposit or fiat deposit. Internal transfers do not count.
• Eligible volume covers Spot, Derivatives, Options, Alpha, Odds, Convert and Direct Stocks, including API and subaccount volume. Zero-fee pairs do not count.
• Every reward goes through a 3-day risk review, daily claim limits apply, and a shared monthly pool of 500,000 USDT is paid first come, first served.
• The FAQ does not mention identity verification, but Bybit asks for KYC for withdrawals and many services, so expect to complete it.

How much can the referrer earn from Bybit commission?

The base rate is 20% of referees’ net trading fees. It rises to 25% with 5 qualified referees in a quarter, and to 30% with 100 qualified referees or $15 million in referee derivatives volume in a quarter. Commission is paid daily in USDT and lasts 365 days from sign-up, ending early if a referee does not trade for 180 days. Since 7 February 2026, commission is capped at $5,000 per referrer per quarter, with the cap lifted the next quarter if you bring in 15 new users who each deposit $100 and make a first trade.

Can you withdraw Bybit referral rewards?

The FAQ does not say whether rewards arrive as withdrawable cash or as bonuses. A related Bybit campaign describes its reward as a bonus or fee saver. Open the reward details in your account and read the usage rules before you count on withdrawing it.

Is the $30,000 Bybit bonus real?

Not as a standard reward. The official FAQ caps new-user rewards at 500 USDT for the inviter and friend combined. The $30,000 figure that affiliate pages push relates to an older VIP referral campaign that, according to our research, needed very large deposits and trading volume within a short window and carried a stated end date of 30 September 2025. Headline numbers get inflated because many pages are paid when you sign up. Affiliate marketing is a big part of online advertising, as our marketing statistics round-up shows.

MEXC vs Bybit Referral Codes: Which Is Better?

Factor	MEXC	Bybit
Code name	Referral or invitation code	Invite or referral code
Referrer commission	40% (up to 70% for affiliates)	20% base, up to 30%
Commission length	1,080 days (540 in some regions)	365 days
Commission cap	None stated	$5,000 per quarter (conditions to lift)
New-user reward	Task-based; amount not listed on help page	Up to 500 USDT shared with inviter
Add code after sign-up?	Yes, within 30 days (main accounts)	No
Reward conditions published?	Partly	Yes, with deposit, volume and time limits
Usable in the UK?	No	Limited; referral eligibility unconfirmed

Better for new-user rewards: Bybit, because it publishes the amounts and the exact tasks. MEXC lists none for the new user. Better for referrers: MEXC on paper, with a higher rate, a longer window and no stated cap. Easier for beginners: Bybit, since each task has a clear threshold and deadline. Better country coverage: Bybit, which serves the EEA through a licensed entity and the UK in limited form, while MEXC bans both the UK and several EU states. Always confirm what applies to your own residence.

Safety: Is MEXC Legit? Is Bybit?

We use the same approach as in our guide on whether GOAT is legit: look at regulator registers, the company’s own terms and independent reporting, not at what the company or an affiliate says about itself.

Is MEXC a legitimate crypto exchange?

MEXC is an operating exchange, but that is not the same as being licensed. I found no major-market licence for the global entity, and several regulators have warned about it, including the Dutch AFM and, according to compliance trackers, Germany’s BaFin, Austria’s FMA and the FCA.

On 6 November 2026, the US Treasury’s FinCEN issued an order naming MEXC Global a primary money laundering concern in connection with Russian illicit finance. Reports say it alleges at least $16 billion in illicit flows between May 2021 and May 2026. The order bars covered US financial institutions from sending or receiving funds involving MEXC Global, from 30 days after it is published in the Federal Register. MEXC said it is reviewing the order, has started an independent review of its anti-money-laundering controls and is operating normally. These are allegations, not a court ruling, and reports say the order does not freeze customer funds. It still shows why you should only hold on an exchange what you can afford to lose.

Is Bybit a legitimate crypto exchange?

Bybit’s position depends on the entity and country. Bybit EU GmbH is authorised under MiCA in Austria, the UK service runs without FCA authorisation, and India fined the Indian arm for operating unregistered before it registered. Bybit also lost about $1.5 billion in Ether in a February 2025 hack attributed to North Korea’s Lazarus Group, and later said its reserves were replenished. Regulation in one country does not protect users in another.

What happens if you register from a restricted country?

You may fail identity verification, have features restricted, find withdrawals delayed, or have the account closed under the terms. Both exchanges say they can restrict further jurisdictions at their discretion.

Can MEXC or Bybit cancel your referral bonus?

Yes. Beyond the task rules above, both can withhold rewards for fake or multiple accounts, wash trading (trading with yourself to inflate volume) and breaches of their terms. Bybit says referrers cannot claim if a referee behaves abusively or dishonestly.

How to spot fake referral codes and scams

• Look-alike websites and apps that copy the official sign-up page.
• Impersonators in Telegram, WhatsApp or direct messages offering a “guaranteed” or “instant” bonus.
• Any request for your password, one-time passcode or wallet seed phrase. No genuine referral needs them.
• Bonuses that need you to deposit first and promise a fixed profit.

Fake referral posts spread on the biggest platforms, and our social media statistics round-up shows how large those audiences are.

MEXC Referral Code FAQs

What is the best MEXC referral code?

There is no single best code. MEXC’s help page says the referrer’s commission rate is what varies (40% for regular referrers, up to 70% for approved affiliates), and new-user rewards come from tasks you complete. Judge a code by the terms behind it, not by a bigger promise.

Is a MEXC referral code free to use?

Yes. Entering a code costs nothing. You still pay MEXC’s normal trading and withdrawal fees.

How do I find my own MEXC referral code?

Open the Referral page on the MEXC website or app. MEXC says you can copy your code or link from there.

Do MEXC referral codes expire?

The commission link lasts 1,080 days from your friend’s sign-up (540 days in some regions). Individual reward campaigns have their own, shorter deadlines.

Is a MEXC referral code from Reddit safe to use?

The code itself is just a tracking tag, but anyone can post one. Type the official address yourself, enter the code on the sign-up form, and ignore posts that promise guaranteed bonuses.

Does a referral code guarantee a bonus?

No. Rewards on both MEXC and Bybit depend on finishing set tasks, meeting deadlines and passing risk checks.

Can I use a MEXC referral code in the UK?

No. MEXC’s User Agreement lists the United Kingdom as a prohibited jurisdiction, so a UK resident should not register.

Is MEXC available in India in 2026?

Not for new users. MEXC paused new Indian sign-ups on 15 January 2026 and suspended trading and deposits for Indian addresses from 28 February 2026.

Final Verdict: Should You Use a MEXC Referral Code?

A referral code MEXC accepts is a small extra, not a reason to choose an exchange. If you live in the UK, US or Canada, MEXC’s terms rule it out. Elsewhere, treat the reward as a modest task-based extra with conditions you must read first. If rewards matter to you, Bybit’s published tasks are easier to judge, but they also depend on your country and on trading volume you may not want to generate.

Pick an exchange on availability, regulation, fees, withdrawal terms and security. Then use a code if one is on offer. Never trade more than you can afford to lose, and never use a code as the deciding factor.

How We Checked This Article

We read MEXC’s User Agreement and referral page, Bybit’s referral FAQ and restricted-countries page, FinCEN’s order, and news reports on regulatory action, then compared them. Where official pages were silent (for example, MEXC’s new-user reward amounts), we said so instead of repeating affiliate figures. Quotes from exchanges are paraphrased.

Sources

• MEXC User Agreement
• MEXC referral programme help page
• MEXC: temporary suspension of new registrations in India
• MEXC: suspension of services for existing users in India
• Bybit Referral Program General FAQ
• Bybit service restricted countries
• FinCEN order on MEXC Global (Section 9714)
• FCA Warning List
• ESMA MiCA register information
• FIU-IND