MEXC continues to widen its fiat gateway strategy, this time targeting Southeast Asia with local QR payment rails. The exchange now supports crypto purchases in Vietnamese dong via VietQR and Philippine peso via QRPh, giving traders instant access through familiar banking and e-wallet apps.
Even better, MEXC launched the feature with a limited-time zero-fee promotion1. Until March 25, 2026, at 10:00 UTC, you can buy crypto with VND or PHP without paying any transaction fees.
Zero-Fee Crypto Purchases With VietQR and QRPh
VietQR and QRPh are official national QR standards integrated into local banking systems. That means payments run through trusted domestic rails, offering speed and security without relying on third-party processors.
During the promotional period, crypto purchases made in VND via VietQR or PHP via QRPh qualify for zero fees automatically. There are no codes to enter and no additional steps required. You simply complete the transaction and receive your crypto instantly in your Spot Wallet.
For traders in Vietnam and the Philippines, this removes a common friction point. Instead of converting currencies or paying card processing fees, you can move directly from local fiat to digital assets in seconds.
How to Buy Crypto With VND or PHP
Despite MEXC’s optional KYC policy, using fiat services always requires KYC verification. Once verified, the process remains straightforward.
First, visit the Buy Crypto page and select Quick Buy. Next, choose either VND with VietQR or PHP with QRPh as your fiat and payment method. Then enter the amount and select the cryptocurrency you want to receive.
After confirming the order details, open your banking or e-wallet app and scan the QR code displayed on the screen. Complete the payment within 30 minutes and click I’ve Paid. Once confirmed, MEXC credits the crypto to your Spot Wallet within seconds.
For a complete step-by-step guide you can read MEXC’s support center articles:
This streamlined flow mirrors everyday QR payments used for retail purchases, but instead of groceries or bills, you receive digital assets instantly. It’s worth noting that neither VietQR or QRPh can be used for fiat withdrawals, and only deposits are supported.
Building on a Broader Fiat Expansion Strategy
This rollout builds on a busy year for MEXC’s fiat infrastructure. In September 2025, the exchange introduced Apple Pay and Google Pay support for more than 50 fiat currencies and over 30 cryptocurrencies, allowing instant deposits through mobile wallets.
Earlier, in March 2025, MEXC added Brazilian real deposits via PIX, Brazil’s widely adopted instant payment network. That move enabled local traders to fund accounts directly in BRL without conversion costs.
Together, these updates show a clear pattern. MEXC aims to reduce barriers between traditional banking systems and crypto markets by integrating trusted national payment networks.
Why Local Payment Rails Matter for Crypto Adoption
Local payment options often determine how quickly new users enter crypto markets. According to industry data, regions with strong domestic instant payment systems tend to see faster retail adoption when exchanges integrate those rails.
By connecting directly to VietQR and QRPh, MEXC taps into payment ecosystems already used daily by millions. That familiarity lowers psychological and technical barriers, making crypto purchases feel as simple as scanning a QR code at a store checkout.
For active traders, faster funding also means quicker reaction times during volatile market conditions. You can deposit, execute trades, and manage positions without waiting for international transfers or third-party approvals.
Take Advantage of the Zero-Fee Window
The zero-fee period runs for one month only. If you trade in VND or PHP, this promotion offers a cost-efficient way to test the new payment channels and explore the crypto markets without extra charges.
To get started, complete Advanced KYC verification, head to the Quick Buy page, and select VietQR or QRPh as your payment method. With instant processing and zero fees during the promotional window, you can move from local currency to digital assets in just a few taps.
