Founded in 2018, MEXC is a professional cryptocurrency exchange designed to facilitate trading of over 3137+ digital assets with low fees. In this article, we will review MEXC and uncover every aspect.

The platform is user-friendly and provides traders with access to a wide range of digital assets, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Tether, and more. It also features a state-of-the-art security system, which ensures that all trades are safe and secure.

Offering fast transactions while offering high leverage and some of the lowest fees in the market, it allows users to trade Bitcoin, Ethereum, and other digital assets with ease. In this MEXC Global review, we go over features, give readers an insight into its user experience, and, most importantly, answer the question: Is MEXC legit?

Stats	MEXC
🚀 Founded	2018
🌐 Headquarters	Singapore
🔎 Founder	John Chen
👤 Active Users	6M+
🪙 Supported Cryptos	3137+
🪙 Futures Contracts	433+
🔁 Spot Fees (maker/taker)	0.05% / 0.05%
🔁 Futures Fees (maker/taker)	0.00% / 0.02%
🔁 EU-Futures Fees (maker/taker)	0.01% / 0.04%
📈 Max Leverage	500x
🕵️ KYC Verification	Required
📱 Mobile App	Yes
⭐ Rating	4.7/5
💰 Bonus	$20.000 (Claim Now)

 

Quick Overview of MEXC

MEXC is an advanced crypto exchange offering users access to a wide range of digital assets with low fees and an intuitive user interface. Its state-of-the-art security system ensures that all trades are safe and secure, while its additional features, like leverage up to 500x, low fees, copy trading, or staking, provide traders with even more opportunities for profit potential within the crypto space.

For crypto traders looking for a reliable exchange platform for buying, selling, or trading digital assets, MEXC is surely a good choice. Crypto trading on MEXC comes with various advantages that will keep any trader coming back.

First of all, it is important to make sure that any cryptocurrency exchange platform is reliable and has no errors. MEXC definitely ticks this box. The user interface on MEXC is designed with ease of use in mind without compensating on speed or efficiency, which means it is easy to navigate while being responsive.

Additionally, there are numerous tutorials available on the website which provide step-by-step instructions on how to use all of its features effectively. We also have MEXC tutorials on our YouTube channel.

Effectiveness is especially important when dealing with large sums of money, as one small mistake can have a major financial impact. MEXC is a top-tier exchange when it comes to liquidity and volume, with over 10 billion USD traded each day and they can handle 1.4 million transactions per second.

MEXC uses multi-signature authentication, which requires multiple steps to access your account (e.g. Google Authenticator or email verification). This ensures that no unauthorized trades occur on your account. MEXC also has never been hacked. Thus, MEXC is considered among the safer cryptocurrency exchanges. What we like most is that MEXC even provides full proof of reserves, which means that all customer funds are backed 1:1, in most cases even by more than 100%. You can check the updated proof of reserves here.

Another great feature of the MEXC exchange is its market depth analysis tool. This tool allows traders to analyze the market in real time and make informed decisions about their trades. The tool provides an overview of current market conditions and allows users to quickly identify potential buying opportunities or sell signals to maximize profits. Additionally, traders can use the tool to compare different currencies against each other to find the best deals available on the market.

Aside from having a great User Interface on its website, MEXC also has an amazing mobile application for iOS and Android. The app is also easy to navigate and very fast and responsive, which means you can easily buy cryptos wherever you are.

In addition, the MEXC exchange provides an excellent educational section that can educate you on all the different aspects related to cryptocurrency trading. So even if you are a newbie or expert in the Cryptocurrency market, it can help you learn more about cryptocurrencies in detail as well as understand the various terminologies used in this field. You will also find some interesting articles written by experts who share their knowledge and experience with us so that we can learn from them easily without having difficulty understanding anything specific about cryptocurrency trading or investing in cryptocurrencies!

With the MEXC affiliate program, users can earn passive income by inviting new traders to the exchange.

 

MEXC Exchange Pros & Cons

👍 MEXC Pros	👎 MEXC Cons
✅ Supports 3,100+ cryptocurrencies and 430+ futures contracts	❌ No NFT market
✅ High leverage up to 500x on futures	❌ Constantly changes fee structure
✅ Wide range of features including copy trading, P2P, staking, and MasterCard	❌ European users pay much higher fees
✅ Lowest futures trading fees (0% maker / 0.02% taker)	❌ KYC required for all new users
✅ Fast mobile apps and user-friendly interface	❌ Not available for U.S. users
✅ 24/7 Live Chat Support	❌ Some low-cap trading pairs have limited liquidity

 

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MEXC Sign Up and KYC

The MEXC sign-up process is straightforward. However, if you came here expecting MEXC to be a no-KYC exchange, you might be a little disappointed. Due to recent policy changes, new MEXC users must complete KYC verification before they can trade. Once verified, you’ll get a 200 BTC daily withdrawal limit, which is still among the highest in the industry.

Step 1: Open the official MEXC website in your browser and click the “Sign Up” button in the top-right corner.

Step 2: You can register using your email address or mobile number. Create a strong password, then click the “Sign Up” button to proceed.

Step 3: MEXC will send you a 6-digit code. Enter the code to verify your email or mobile number. After this, you can move on to the KYC verification process to unlock trading and withdrawals.

Check if MEXC is available in your country instantly with our MEXC country checker tool.

 

MEXC Spot and Futures Trading

Spot Trading on MEXC

MEXC has a wide range of different coins you can buy and invest in. With over 3137+ trading pairs, MEXC is the biggest exchange when it comes to offered coins and tokens. More trading pairs mean more opportunities. However, that also means you have to be extra careful when investing in new projects, as some might not be the greatest investments.

Always do your research before investing in a new token. Also, take note that less-known trading pairs are not liquid enough for proper trading. That means that you can move the price a lot with just very little volume.

Overall, you have all the features you need for the spot market, like an order book, trade history, limit, market, and stop-loss orders.

You also have an option for margin trading on the spot market. With a 10x margin, you can buy $10,000 worth of bitcoin while only having $1000 available, borrowing $9000. But please note that margin trading is a lot different from the futures market. When you buy cryptos on the spot market with a margin, you usually have to pay interest on the borrowed amount, and the trading fees are higher compared to the futures market.

If you want to trade with leverage, we recommend you do that on the futures market, as the fees are lower and the liquidity is higher. Also, you have more advanced features on the futures market compared to margin trading on the spot market. By holding the MX token, you can further reduce your fees by 10%.

 

Futures Trading on MEXC (Derivates, Perpetual Futures, Leverage)

Now, we will review one of the greatest features of MEXC: The futures market. With an incredibly good user-interface and fast response time, you can execute trades with ease. MEXC’s perpetual futures market also has the lowest fees in the crypto market.

MEXC has an incredibly high speed of order execution and can easily handle 1,500,000 (1.5 million) transactions per second, making it one of the fastest exchanges. The UI on MEXC is also overall reliable, very well designed, and easy to understand. There are also many guides that you can watch on YouTube explaining all the features of MEXCs futures dashboard.

Another great feature of MEXCs futures dashboard is the integrated chart by TradingView, the biggest charting software in the world. That means you can do your analysis inside of MEXC and mark key levels so you know exactly what is going on. You can add trendlines, Fibonacci tools, patterns, indicators, and more.

The maximum leverage on MEXC is 500x on over 433+ assets with high monthly trading volume and liquidity, like Bitcoin (BTC) or Ethereum (ETH). However, using leverage can be a double-edged sword. We highly recommend you stick with lower leverage when you are a new trader. Higher leverage comes with higher risks when the price moves against your direction.

As MEXC is a professional trading platform, it offers all required order types, including market orders, limit orders, trailing stops, multiple take profits, and stop-loss orders. Also, conditional order types GTC (Good Till Cancel), IOC (Immediate Or Cancel), and FOK (Fill Or Kill) are available.

On top of that, you can hedge on MEXC, which means you can go long and short at the same time.

Aside from spot and futures trading, MEXC also offers P2P trading.

 

MEXC DEX+

MEXC DEX+ brings on-chain trading directly within the centralized exchange, offering a more accessible approach for users who want to interact with blockchain-based assets. At the moment, it supports four networks: Solana, BNB Chain, Base, and Tron. Through these, users can explore different pools across chains. For instance, on the Solana network, it’s possible to trade tokens from platforms like Pump.fun, which are gaining traction within that ecosystem.

One of the more practical aspects of MEXC DEX+ is its fee structure. There are no added trading fees beyond the usual gas costs, which vary depending on network traffic. This keeps transactions relatively straightforward without introducing extra platform charges.

The interface is designed to be user-friendly. Users can filter which token pools they want to view and switch between supported chains through a clean, responsive layout. The trading screen includes integrated TradingView charts and simple buy and sell options, allowing for quick on-chain trades without unnecessary complexity.

Adding to this convenience is the built-in wallet functionality. There’s no need to connect external wallets like MetaMask or Phantom, users can hold and trade tokens entirely within the MEXC platform. This makes on-chain trading more accessible, especially for those who prefer a streamlined experience without juggling multiple apps or extensions.

 

MEXC Fees & Costs

MEXC Trading Fees

MEXC has a very competitive trading fee structure on both, the spot and the futures market.

On the spot market, the fees are at 0.05% for makers and 0.05% for takers.

On MEXCs futures market, the fees are also the lowest trading fees in the industry of major crypto exchanges. Starting at 0% maker and 0.02% taker fees, MEXC easily beats the competition as no other major exchange offers 0% fees.

Type	Maker	Taker
Spot	0.05%	0.05%
Futures	0%	0.02%
EU-Futures	0.01%	0.04%

 

MEXC Withdrawal Fees

The withdrawal fees on MEXC vary, depending on which cryptocurrency you want to withdraw and which network you choose. In order to pay low withdrawal fees, you can send USDT via the TRC20 or BEP20 network, which both cost $1. Other crypto assets, such as Bitcoin and Ethereum, usually have higher withdrawal fees. It is best to compare the withdrawal fees yourself, as it is different for each cryptocurrency and network.

 

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MEXC Products and Services

MEXC has built its reputation by offering a wide range of trading options and tools designed for both beginners and experienced traders. Let’s go through each product and service available on the platform and see how well they fit different trading needs.

MEXC Trading

MEXC offers one of the most complete trading suites in the industry, covering almost every option a trader might look for. You get access to spot trading, futures with high leverage, copy trading, pre-market trading, demo accounts, trading bots, prediction markets, and even stocks. The only noticeable gap is NFT trading, which the exchange currently does not support.

The trading interface is modern, user-friendly, and equipped with AI-powered analysis, giving users quick summaries of individual projects along with instant updates on price action. Its layout closely resembles popular DEX platforms like Hyperliquid, offering a familiar setup while maintaining the efficiency of a centralized exchange.

Learn more about Demo trading through our MEXC Demo Trading Guide.

 

Copy Trading

MEXC offers futures copy trading, where users can follow and mirror the positions of top-performing traders. The platform applies standard transaction fees only, without extra costs, and profit sharing is capped at 15%, slightly higher than the 10% common on some exchanges. This model, combined with lower futures trading fees and a broad selection of contracts, attracts skilled traders to the platform, giving users access to one of the more active copy trading environments in the market.

 

Prediction Futures

MEXC also features Prediction Futures, which function more like a game-style market. Users can place predictions on the short-term price action of leading cryptocurrencies such as Bitcoin, Ethereum, and Solana. There is no fixed leverage in this product, and participation is optional, with payouts determined by market conditions and the level of risk taken. While limited to only a few major assets, it provides a simple, speculative way for traders to engage with market movements.

 

Stock Futures Trading

Within its futures platform, MEXC supports trading of up to 18 stock contracts. These products are offered with isolated margin only and a maximum leverage of 5x, while trading fees are set at 0.01% (maker) and 0.04% (taker). Unlike crypto products, stock futures on MEXC are not available around the clock. Instead, they follow the regular NYSE trading schedule, which means positions can only be opened and closed during official stock market hours.

 

MEXC Earn

MEXC Earn provides access to more than 23 simple earning products, with yields that can reach up to 600% on selected tokens. The platform also supports Solana liquid staking, offering returns as high as 12.07% with rewards distributed as MXSOL tokens. Compared with similar products on other major platforms such as Binance or Bybit, MEXC’s SOL staking currently delivers one of the highest available APYs, making it a competitive option for users interested in passive income opportunities.

 

P2P Trading

MEXC’s peer-to-peer (P2P) marketplace is a practical option for users in regions where direct fiat deposits through banks are not supported. The market is relatively liquid and supports four major crypto assets: BTC, ETH, USDT, and USDC. This allows users to enter crypto using their local payment methods while paying zero fees on transactions. By connecting buyers and sellers directly, the P2P platform broadens access to trading for users in diverse markets worldwide.

Explore P2P trading in detail with our MEXC P2P Trading Guide.

 

MX Token

Alongside its already low spot and futures trading fees, MEXC offers additional benefits through its native utility token, the MX token. Holding MX can unlock up to 50% discounts on trading fees across the platform, making it attractive for frequent traders. Beyond fee reductions, MX holders gain exclusive access to launchpad projects and other ecosystem perks. This positions the token not only as a cost-saving tool but also as a gateway to MEXC’s broader product ecosystem.

 

MEXC Master Card

The MEXC MasterCard is a handy way to spend your crypto just like cash, anywhere the MasterCard network is accepted worldwide. You can top it up anytime with your crypto balance, and every payment is protected with 3D Secure (3DS). You’ll also get instant alerts on your phone for each transaction, so you’re always in control.

There’s a 1% top-up fee, and limits are set at 3,000 USDT per transaction, 30,000 USDT per month, and 100,000 USDT card capacity. Fees are 0% inside the EEA and 2% outside (minimum €0.60 per payment). Plus, there’s a €1 monthly fee, which only gets deducted when your balance allows it. Altogether, it’s a simple and practical way to bridge your crypto with everyday shopping.

 

Launchpad and Launchpool

MEXC’s Launchpad gives users early access to new tokens, often at discounted rates compared to the market. For example, a recent pool allowed participants to stake BTC and acquire tokens at below-market value. Staking is usually done with USDT, though other assets may also be supported. The Launchpool provides similar early access, where users can lock MX, USDT, or other tokens to earn allocations in new projects. These features make it easier for traders to participate in token launches.

 

MEXC Grid Bot Trading

MEXCs Grid Bot trading is a fully automated trading system that allows users to take advantage of market volatility.

MEXC Grid Bot trading works by setting specific parameters in order to identify profitable entry points into the market. The bot will then automatically buy and sell digital assets when these conditions are met. This means that you don’t have to manually monitor the markets, as the bot will execute trades on your behalf according to pre-defined rules.

 

MEXC Security

MEXC has implemented a variety of security measures, such as two-factor authentication, cold storage, and SSL encryption. These measures ensure that user data and funds are secure.

It is important to note that while MEXC does not require old users to finalize your KYC, newly signed up users have to verify their identity. You have the option to do KYC and also add other layers of security to your account, including 2FA (2-factor authentication), email authentication, SMS authentication, and Anti-phishing code.

On top of that, MEXC is an exchange that has never been hacked. Lastly, MEXC provides full proof of reserves. That means all users’ funds are backed 1:1 on the trading platform. Trust and safety matter, but flexibility does too. That’s why we’ve also covered how to fully delete your MEXC account in our dedicated delete account guide.

 

MEXC Special Events and Bonuses

To attract and keep new customers, MEXC regularly hosts events like trading competitions and offers bonuses for active traders. That reflects well in the number of active users and new users that are signing up to MEXC, surpassing 10 million in 2022.

For new traders, MEXC has a bonus program. Based on your initial deposit and your trading volume, you can get trading bonuses worth up to $9100. You can use this bonus in your future account, trade with it, and all the profits are yours. This offer is great for people who are serious about trading. To be eligible to receive bonuses it requires a certain amount of $ deposited into your account and a certain amount of volume traded on the futures market.

Learn more about MEXC deposit methods in our full MEXC Deposit & Payment Methods guide.

MEXC Customer Support

MEXC offers a comprehensive customer support service to help users resolve any issues they may have. The customer support team is available 24/7 to answer any questions or queries users may have. They can also be contacted via email, phone, or live chat.

The customer support team is knowledgeable and friendly, and they are always willing to help. The customer support team is also fast to respond to queries, which is great for those who need help quickly.

 

MEXC Alternatives

MEXC is known for its low fees, but if you’re looking for something else, consider these alternatives:

1. KCEX: A relatively new exchange with a growing selection of altcoins and a focus on user experience.
2. BloFin: Offers a good balance of features with no KYC requirements, competitive fees, and support for multiple fiat currencies.

Feature	MEXC	KCEX	BloFin
Established	2018	2023	2019
Spot Fees (Maker/Taker)	0.05% / 0.05%	0.00% / 0.00%	0.10% / 0.10%
Futures Fees (Maker/Taker)	0.00% / 0.02%	0.00% / 0.01%	0.02% / 0.06%
Max Leverage	500x	150x	150x
KYC Required	Yes	No	No
Supported Cryptos (Spot)	3137+	879+	564+
Futures Contracts	433+	522+	440+
No KYC Withdrawal Limit	None	15 BTC	$20,000
24h Futures Volume	$45.13B+	$16.46B+	$2.67B+
Trading Bonus	$20,000	$15,000	$5,000
Key Features	• Most cryptocurrencies (3137+) • High leverage (500x) • New users require KYC	• No KYC required • Lowest trading fees • High withdrawal limits	• No KYC required • High leverage (150x) • Good for US/UK/CA traders
Sign Up	Sign Up	Sign Up	Sign Up

 

MEXC Review – Conclusion

MEXC is a great crypto exchange for both experienced and beginner traders. The platform offers a range of features and tools to help traders make informed decisions. It also offers low trading fees, making it one of the most cost-effective exchanges in the market. The platform also offers a range of order types, as well as margin and futures trading options.

The platform also offers a range of security features, including two-factor authentication, cold storage, and secure data encryption. This platform also offers a comprehensive customer support service to help users resolve any issues they may have. If you’re looking for a reliable and secure platform to trade cryptocurrencies, then MEXC is a great option. Sign Up to the MEXC exchange here and take advantage of their great features and services.

If MEXC sounds like a good option to you, you can create your account here or by clicking the button below.

We hope that this MEXC exchange review helped you answer the question of whether MEXC is a legitimate exchange or just another crypto scam! If you now feel comfortable giving MEXC a try, we even have a full account setup guide here, where we go over the account creation process and the most important security measures that you should set up.

 

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FAQs

1. Is MEXC safe?

Yes, MEXC is a safe crypto platform that takes security very seriously. The exchange uses advanced security measures such as two-factor authentication, cold storage, and SSL encryption to ensure that user data and funds are secure. MEXC also has never been hacked.

 

2. Is MEXC legit?

MEXC is a legit cryptocurrency trading platform with high security standards. MEXC operates in 170 countries and has over 6 million users worldwide.

 

3. Does MEXC require KYC?

As of 2025, new users on MEXC must complete identity verification. However, old users can still use the platform without doing KYC.

 

4. Is MEXC legal in the USA?

No, MEXC is not allowed in the USA. United States users can not use MEXC.

 

5. Does MEXC allow customers from the US?

No, MEXC does not allow US customers on their site. For US traders, we recommend Bitunix or BloFin.

 

6. Does MEXC allow customers from the UK?

Yes, MEXC does allow UK customers on their site, and we found MEXC to be one of the best crypto exchanges for UK citizens without any restrictions.

 

7. What are the Fees on MEXC?

With 0% maker and 0.02% taker fees, MEXC has the lowest futures fees in the crypto market. MEXC Spot fees are 0.05% for makers and 0.05% for takers.

 

8. If I don’t have cryptocurrencies yet, can I buy them from MEXC directly?

Yes. MEXC offers you a “One-Click Buy” option to buy cryptocurrencies with FIAT. Supported payment gateways are Credit Cards, Google Pay, Bank Transfer, SEPA, Wise, Revolut, iDeal, and more. MEXC also supports most FIAT currencies, including, but not limited to, USD, EUR, GBP, AED, CHF, RUB, and more.

Alternatively, you can onramp FIAT via deposits and then buy the cryptos you desire on the spot market. Supported currencies for this are USD, EUR, GBP, RUB, ARS, BRL, and TRY. The payment methods vary depending on your currency, so we recommend you see what works for you here.

 

9. How many cryptocurrencies can I trade on MEXC?

MEXC has over 3137+ cryptocurrencies that you can trade.

 

10. Does MEXC have a mobile app?

Yes, MEXC has a mobile app that allows traders to trade on the go. The app has a clean design and is easy to navigate while also being very fast and responsive.

 

11. Where is MEXC located?

MEXC has its headquarters in Singapore and was established in 2018.