MEXC Review and Comparison 2025

By Dario

Last Updated: Mar 13, 2025

Co-author

By Alex Ioannou

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Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
MEXC Review
Disclaimer Icon
Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

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.
Visit MEXC

MEXC Overview

mexc review- mexc logo

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. 

Spot Trading

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. 

Copy Trading

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. 

Futures Trading

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.

P2P

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. 

MEXC Demo Trading

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.

Savings

This service allows users to stake their crypto and earn yields. MEXC offers two types of savings:

  • Locked savings: The deposited assets are locked for a specific time, meaning users can’t transfer, trade, or withdraw them. 
  • Flexible savings: Users can transfer, trade, and withdraw their assets whenever they want. Meanwhile, they can earn rewards while holding assets in MEXC’s wallet. 

The available assets include established coins, like $BTC and $ETH, stablecoins, like $USDT, and a few other top altcoins

Loans 

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. 

MEXC Wallet

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.

MEXC Mastercard

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.

Launchpad and Kickstarter

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: Supported Cryptocurrencies and Payment Methods

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:

  • Chainlink (LINK)
  • OCEAN
  • Decentraland (MANA)
  • Aave (AAVE)
  • Filecoin (FIL)
  • The Sandbox (SAND)
  • Cosmos (ATOM)
  • XRP
  • Algorand (ALGO)
  • Polkadot (DOT)

Supported Payment Options

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 Review – Fees Structure

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. 

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

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 Security Measures: Is MEXC Safe?

MEXC uses three primary measures to protect users’ assets:

  • Secure asset storage: The combination of hot wallet and cold storage practices—with features like big data risk control, automated risk management, and offsite backups—is a common approach used by exchanges to safeguard assets.
  • Reserve rate exceeds 100%: MEXC retains sufficient reserves, adding extra assurance against withdrawal runs.
  • Futures insurance fund: Compensation for losses exceeding margin, enabling users to trade confidently.

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 CoinGecko Exchange Review

MEXC User Experience

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 Exchange Review: Availability

CountriesDevices

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:

  • Cuba
  • Sudan
  • North Korea
  • The United States
  • Sevastopol
  • Syria
  • Iran
  • Canada
  • Russian-controlled regions of Ukraine (including Donetsk, Crimea, and Luhansk)
  • Mainland China
  • Singapore
  • Hong Kong

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.

MEXC review - MEXC exchange app

MEXC vs. Competitors

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. 

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; 

Futures and derivatives; 

Financing options;

Wallet services; 

24/7 live chat, ticket

Exchange trading; 

Futures and derivatives; 

Financing options;

Wallet services; 

24/7 live chat

Exchange trading; 

Futures and derivatives; 

Financing options;

Wallet services; 

24/7 live chat, email, tickets, social media

Global availability; 

Advanced trading tools;

Wide crypto selection; 

24/7 customer support through live chat, phone, and email

Regional Availability 170+ countries 180+ countries 100+ countries 190+ countries
Ease of Use 🔴🔴🔴 🔴🔴🔴🔴🔴 🔴🔴🔴 🔴🔴🔴🔴


How to Use MEXC

Let’s now discuss how to register on the platform as well as how to buy or withdraw funds. 

How to Sign Up to MEXC

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’.

MEXC review - sign up .

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 Referral Code and Sign-Up Bonuses

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

MEXC exchange welcome bonus

 

How to Withdraw on MEXC

To make a withdrawal on the MEXC website, follow these steps:

  1. In the top right corner, find ‘Wallets’ and click ‘Withdraw.’ 
  2. Find the cryptocurrency you want to withdraw and enter the withdrawal address. Pick the network and fill in the amount. After verifying the information, click ‘Submit’.
  3. After receiving the email verification code, enter it, input the Google verification code, and click ‘Submit.’
  4. Wait for the withdrawal to be processed successfully. 

Here’s the key information for the withdrawal process and withdrawal limits:

  • Crypto Withdrawals: Generally processed within 30 minutes to 2 hours. Limits vary by blockchain network, traffic, and account verification level.
  • Fiat Withdrawals (Bank Transfer): Processing times range from 1-5 business days. SEPA transfers for EU/UK users are often faster.
  • P2P Withdrawals: Usually instant to 24 hours, depending on the seller’s response time.
  • Bank Card Withdrawals: Not directly supported. Users typically need to convert to fiat and withdraw via bank transfer or P2P.

User Reviews and Common Issues

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 and Service Quality

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:

  • Live Chat: Available directly on the MEXC website and mobile app, providing real-time support for urgent queries.
  • Email Support: Users can submit detailed inquiries to [email protected], with responses typically arriving within 24 hours.
  • Help Center: A comprehensive knowledge base covering FAQs, trading guides, and platform tutorials.
  • Telegram Channel: An active channel where users can get quick responses from community managers and fellow traders. Always remember that moderators of these channels will NEVER reach out to you first.
  • Ticketing System: For more complex issues, users can submit detailed tickets through the “Submit a Inquire” button at the bottom the page under the header “user support”.

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.


MEXC Review Pros and Cons

Pros

  • An intuitive design with both beginner-friendly elements and advanced features
  • MEXC trading fees are significantly low
  • Wide selection of trading products and crypto assets
  • High liquidity and deep order books
  • Strong security measures
  • Generous referral program
  • Leverage of up to 400x trade

Cons

  • Regulatory challenges
  • Not suitable for US users
  • Limited customer support options
  • Limited fiat support & high withdrawal fees

Conclusion

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.

Visit MEXC

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

9.7

Assets available

9.8/10

User-friendly features

9.7/10

Sign Up process

9.5/10

Pros

  • Offers a wide selection with over 1,700 cryptocurrencies available.
  • 0% fees on spot trading.
  • Enables passive income through staking, with annual percentage rates (APRs) as high as 8.8%.
  • High security
  • Great selection of trading products

Cons

  • Withdrawal fees are relatively high.
  • Limited fiat currency support, only accepting USD, EUR, and GBP.
  • Regulatory challenges

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Dario
Dario
Crypto Writer

Dario is a blockchain enthusiast with a journey that started in 2016. Initially diving into dual mining ETH and Sia coin, he has since worked with top exchanges, market makers, and institutional clients, gaining invaluable insights into the blockchain ecosystem.... Read More

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