MEXC is a crypto exchange with high performance and mega transaction matching technology. MEXC is able to complete 1.4 million transactions per second, resulting in enhanced performance and groundbreaking efficiency. The platform prioritizes security, with servers hosted independently across several countries, ensuring optimal data security and integrity.
In this MEXC review, we’ll examine the platform’s low fees, supported cryptocurrencies, earning options, and high liquidity. We’ll also compare MEXC to competitors and evaluate MEXC customer reviews and complaints.
Our MEXC Review: Key Takeaways
- MEXC provides a wide selection of cryptocurrencies, offering 2,806 coins, 3,070 spot trading pairs, and 767 futures trading pairs;
- It supports leverage of up to 400x trade;
- MEXC offers significantly low fees, with MEXC spot trading fees being 0.000% for makers and up to 0.050% for takers;
- The platform has received negative user feedback, particularly regarding poor customer support and withdrawal difficulties.
MEXC Overview
MEXC was founded in 2018 by a team with extensive experience in finance and blockchain technology. In 2019, MEXC grew rapidly, gaining a 5% global digital asset trading market share.
The platform is regulated, either through affiliates or directly, by several internationally recognized jurisdictions and provides localized language support to facilitate trading for users worldwide. In 2021, MEXC was awarded the “Best Crypto Exchange Asia” award at the Crypto Expo Dubai event.
However, MEXC faced regulatory challenges in 2023, receiving warnings from authorities in British Columbia, Austria, and Germany and having its Estonian license revoked in November. Additionally, MEXC does not currently serve U.S. citizens, a restriction in line with many international exchanges due to stringent U.S. regulations.
MEXC has more than 30 million users in over 170 regions globally. It offers diverse asset options, services, and products like spot, copy, futures trading, P2P, demo trading, savings, and loans.
MEXC Products and Services
Let’s explore all of the products and services MEXC has to offer.
MEXC’s spot trading interface comprises six parts: the K-line chart area, the order book area, the trading pair selection area, the trades area, the order panel, and the order status area. MEXC offers many order types to suit its users’ trading strategies, including limit, market, and stop-limit orders. The platform also has many technical indicators to help users decide what to sell and buy. These include popular tools like moving averages, K-lines, and MACD, which assist users in following price trends. Users can also copy trade on MEXC. They can browse top traders by ranking, ROI, or PNL. When they select a trader, they can set parameters like Smart Ratio, Fixed Amount or Fixed Ratio, and choose futures pairs, risk settings, and liquidation preferences. The MEXC copy trade feature allows users to modify, cancel, and unfollow traders. It’s worth noting here that the minimum trade amount is 0.01 USDT. MEXC’s futures trading feature enables traders to agree to buy or sell a specific amount of cryptocurrency at a predetermined price on a future date. To begin trading futures on the platform, funds must be transferred from the spot account to the derivatives account. When placing an order, individuals specify the quantity and price of the assets they wish to trade and then select the “Sell/Short” or “Buy/Long” options. Additionally, users can margin trade Bitcoin and other cryptocurrencies on MEXC with a leverage of up to 400x. Peer-to-peer trading allows sellers and buyers to exchange cryptocurrencies directly, enabling them to negotiate payment methods, prices, and trading terms without intermediaries. MEXC is a P2P crypto exchange where these transactions are facilitated with security measures like escrow services, ensuring a fair and safe trading experience. Any verified user with a completed KYC process and a valid payment method can trade on MEXC P2P. Demo trading replicates the dynamics of the futures trading market, offering investors a risk-free environment in which to practice and refine their strategies. By mimicking actual market transactions, traders gain valuable opportunities to enhance their skills and performance. Practicing in a simulated setting can help traders improve their competence to make better real-life trades. This service allows users to stake their crypto and earn yields. MEXC offers two types of savings: The available assets include established coins, like $BTC and $ETH, stablecoins, like $USDT, and a few other top altcoins. MEXC Loans is the process of collateralizing one crypto to borrow another. This can be used for derivatives, spot trading, and investment purposes to earn higher returns or for withdrawals. Interest is calculated daily and charged depending on the actual loan duration, with any period shorter than a day counted as a full day. This secure and convenient borrowing feature provides flexibility in managing crypto assets for a variety of financial needs. Ambire Wallet is a Web3 wallet available on MEXC, making self-custody secure and easy. It’s the first hybrid account abstraction wallet that supports Basic (EOA) and Smart accounts, enhancing user experience and security. MEXC provides a user-friendly interface and many tools to efficiently manage your Ambire Wallet investments. This virtual card is connected to the client’s user account. That means users can pay for purchased goods and services or top up their crypto balances. They can view transaction history, directly manage their cards, and gain access to customer support through the MEXC Mastercard site and app. This card is available in selected jurisdictions. MEXC Launchpad and Kickstarter initiatives are standout features that offer unique opportunities for users to engage with new crypto projects. These programs are designed to reward MX token holders and foster a vibrant community around emerging blockchain projects. Launchpad is a platform for users to participate in token sales of carefully vetted projects. By holding MX tokens, users gain early access to promising projects, potentially benefiting from their growth. To participate, users must have a minimum of 1,000 MX tokens for at least 30 days. This requirement ensures that participants are committed to their ecosystem and are well-positioned to support these new ventures. Kickstarter is another innovative feature that allows users to receive free airdrops from upcoming projects. Similar to Launchpad, participation requires holding 1,000 MX tokens for 30 days. This initiative provides an excellent opportunity for users to diversify their portfolios without additional investment. MEXC truly stands out in this area. As highlighted in every MEXC exchange review, it also supports an impressive selection of 2,806 coins, 3,070 spot trading pairs, and 767 futures trading pairs, making it one of the most diverse cryptocurrency selections. This wide variety allows users to trade major players like Bitcoin and Ethereum as well as new tokens. The platform also provides coins in many niche sectors, including Real World Assets (RWAs), Artificial Intelligence (AI), Decentralized Finance (DeFi), and the Metaverse. Some examples of the niche tokens MEXC offers are: MEXC offers a diverse array of payment methods to cater to its global user base. Let’s review deposit options so you can begin funding your MEXC account like a pro: Payment Method Supported Currencies Provider Bank Transfer EUR, GBP SEPA for EU/UK users Credit/Debit Card Multiple fiat currencies Visa, Mastercard accepted Crypto Deposits All listed cryptocurrencies Direct wallet transfers P2P Trading VND, RUB, KRW Various third-party payment methods Third-party Providers Various fiat currencies Includes Banxa, Mercuryo, Moonpay, Alchemypay MEXC is recognized as one of the best crypto platforms due to its significantly low fees, attracting many users.Its fees go up to 0.050%; deposits are free, whereas MEXC withdrawal fees depend on the asset. While fees for spot trading are 0.000% for makers and 0.050 for takers, MEXC futures fees are 0.000% for makers and 0.020% for takers. The MEXC listing fee, however, is not directly outlined; instead, its focus is on trading and transaction fees. Listing fee details are typically negotiated privately on a case-by-case basis, so the exact fee structure isn’t outlined in public documentation. MEXC uses three primary measures to protect users’ assets: Overall, MEXC’s security measures reflect a strong commitment to protecting user assets and maintaining a secure trading environment. With a trust score of 9/10 on CoinGecko, MEXC demonstrates its dedication to upholding high-security standards in the crypto exchange industry. MEXC has an intuitive design with both beginner-friendly elements and advanced features. By balancing these two aspects, MEXC has created an environment where all traders can thrive, enhancing the overall MEXC trading experience. Even if traders find some features a bit complex, there are numerous guides to help them get started. MEXC provides a seamless trading experience across its mobile app and web browser, ensuring users can execute trades, access market data, and manage their portfolios efficiently from any device. MEXC is available in more than 170 regions globally. Instead of listing all the MEXC countries allowed, we’ll provide a list of the restricted ones: Users can access MEXC through the website version and Windows and Android/iOS apps. The MEXC app is one of the best crypto apps, with a rating of 4.5 on both Google Play and App Store. Designed with user-friendliness in mind, the mobile app has an intuitive and clear interface. It has all the features of the desktop version, like depositing and withdrawing funds, trading, staking, and more. You can also receive push notifications and set up price alerts. When comparing MEXC to some of its competitors, we can see that it stands out in terms of fees, providing the lowest fees among them. While they all offer relatively similar features, Kraken sets itself apart by delivering a wider range of customer service forms. They are all available globally, with Kraken having the highest number of supported countries. Futures and derivatives; Financing options; Wallet services; 24/7 live chat, ticket Futures and derivatives; Financing options; Wallet services; 24/7 live chat Futures and derivatives; Financing options; Wallet services; 24/7 live chat, email, tickets, social media Advanced trading tools; Wide crypto selection; 24/7 customer support through live chat, phone, and email Let’s now discuss how to register on the platform as well as how to buy or withdraw funds. We’ll explain the sign-up process using an email: Visit the official MEXC website: https://www.mexc.com and click ‘Sign Up.’ Pick whether to sign up using your email address or mobile number. We’ll demonstrate the sign-up process using an email. Enter your email and a strong password, check the User Agreement and Privacy Policy, and click ‘Sign up to claim $20’. Complete the puzzle verification, and you’ll be automatically redirected to the next page. You’ll receive an email with a 6-digit verification code. Enter the code and click ‘Confirm’. MEXC offers a Referral Program, allowing users to invite friends and enjoy a 40% commission. Users only need to share their unique referral code or link to participate in the referral program. When invitees register using this code or link, their account is automatically associated with the referring user. When the invitees complete a trade, users will earn commission rewards automatically. MEXC also offers up to 8,000 USDT in bonuses for new and existing users through various tasks, including deposits, trading, and app downloads. These bonuses can be used for futures trading but cannot be withdrawn directly. At the time of writing, there’s also a $20 MEXC sign-up bonus. To make a withdrawal on the MEXC website, follow these steps: Here’s the key information for the withdrawal process and withdrawal limits: One of MEXC’s biggest drawbacks is its negative user reviews, as shown by its low TrustPilot score of 1.5. While a few MEXC review findings highlight the platform’s low fees and fast listing speed, many users complain about withdrawal issues, poor customer support, unexpected account restrictions, hidden fees, and problems with institutional onboarding, impacting the MEXC exchange rating. Reviews on MEXC on Reddit also suggest mixed opinions. Customer support can make or break a platform’s reputation. Let’s review MEXC’s customer service offerings, analyzing their effectiveness and accessibility. MEXC offers multiple channels for users to seek assistance, catering to different preferences and urgency levels: For users experiencing issues, it’s recommended to start with the help center for common problems, escalate to live chat for urgent matters, and use the ticketing system for complex account-related concerns. If you have a quick question, jumping into their Telegram (TG) chat is your best option. You will always find active MEXC mods and community members in their official TG channel. Pros Cons MEXC crypto exchange leverages an advanced transaction matching engine and high-performance infrastructure to serve over 30 million users in more than 170 regions worldwide. The platform offers a comprehensive suite of services and products like spot, copy, futures trading, P2P, demo trading, savings, and loans. It also provides a wallet and a card. The platform has an impressive selection of 2,800+ coins, along with 3,000+ spot trading pairs and 760+ futures trading pairs, making it one of the crypto exchanges with the most diverse cryptocurrency selection. As shown in our MEXC review, it is known for its significantly low fees, which is why many people flock to it. MEXC has ended up as #1 on our list of best Coinbase alternatives because of its large ecosystem and user-friendliness. The platform uses several security measures to protect users’ assets. Yet, one of MEXC’s biggest drawbacks is its negative user reviews, highlighting withdrawal issues and poor customer support. Spot Trading
Copy Trading
Futures Trading
P2P
MEXC Demo Trading
Savings
Loans
MEXC Wallet
MEXC Mastercard
Launchpad and Kickstarter
MEXC: Supported Cryptocurrencies and Payment Methods
Supported Payment Options
MEXC Review – Fees Structure
Trading type
Fees
Spot
0.000% maker / 0.050% taker
Futures
0.000% maker / 0.020% taker
Deposits
No MEXC deposit fees
Withdrawals
Depends on the asset
MEXC Security Measures: Is MEXC Safe?
MEXC User Experience
MEXC Exchange Review: Availability
MEXC vs. Competitors
Exchange
MEXC
Binance
OKX
Kraken
Fees
0.000% maker / 0.050% taker
0.1% maker/taker (discounted with BNB)
Up to 0.080% maker fee / up to 0.100% taker fee
Up to 0.26% per trade
Features
Exchange trading;
Exchange trading;
Exchange trading;
Global availability;
Regional Availability
170+ countries
180+ countries
100+ countries
190+ countries
Ease of Use
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How to Use MEXC
How to Sign Up to MEXC
MEXC Referral Code and Sign-Up Bonuses
How to Withdraw on MEXC
User Reviews and Common Issues
Customer Support and Service Quality
MEXC Review Pros and Cons
Conclusion
FAQ
Is MEXC a reliable exchange?
In which country is MEXC based in?
Is MEXC available in the US?
Does MEXC require KYC to withdraw?
Which is better: Binance or MEXC?
Is MEXC Safe?
MEXC
Pros
Cons
In This Article
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