MEXC Exchange

Overview

MEXC was launched back in 2018 (originally as MXC Exchange) and has since grown to be one of the biggest crypto exchanges in the crypto space, catering to tens of millions of users across 170+ countries. It may not grab headlines, but if you’ve spent any time on the lookout for low-cap gems or new listings, you’ve probably already run into it. The entire platform is created around one idea: get new coins listed instantly, keep fees incredibly low, and this approach has worked remarkably well for MEXC.

Bottom line: if you’re chasing low fees and a wide range of assets and you’re quite comfortable with managing your own security, MEXC is the ultimate platform. If you’re a beginner with cryptocurrency, and looking for a heavily regulated experience, MEXC may not be the most suitable crypto exchange for you.

What makes MEXC worth a look

The major reason MEXC attracts plenty of its user, is its low fees. Its spot trading sits at 0% maker and 0.05% taker, and futures, it gets even cheaper with 0% maker and 0.02% taker. And if you go on to hold some MX tokens and you can reduce the trading fees even further. And for high volume traders, this difference adds up fast in comparison to what you’d pay on bigger-name exchanges.

Coin selection is another big advanatge. MEXC is home to 2,700+ cryptocurrencies and 3,000+ trading pairs, placing MEXC way ahead of other exchanges like Kraken or Coinbase in raw variety. If you’re the kind who likes hunting for new listings, low-caps, or meme coins before other users catch up, MEXC tends to have them first.

When it comes to deposits and withdrawals, crypto transfers are free and are deposited within minutes once the blockchain confirms. Its direct fiat rails are a bit restricted(mostly SEPA for EUR), so most people end up going via third-party providers like Banxa or MoonPay, or just making use of P2P marketplace, that supports local currencies like RUB, VND, and KRW with zero MEXC-side fees.

Security-wise, MEXC hasn’t encountered any major hacks, publishes monthly Hacken-audited proof-of-reserves, and its continuously expanding its user protection fund. Nevertheless, it’s not as heavily regulated as platforms like Coinbase or Kraken, so if regulatory oversight is your top priority, keep that in mind.

Is MEXC safe?

MEXC hasn’t experienced any major hack, which indicates something, given how big a target top exchanges are. A few factors back that up:

• Proof of Reserves– published monthly, audited by Hacken, so a user can actually verify the exchange holds what it claims to hold.
• Guardian Fund – a user protection fund that MEXC has been developing (purportedly scaling from $100M toward $500M) to cater for extreme events.
• Cold storage – the majority of user assets sit offline, away from hot-wallet vulnerability
• 2FA, passkeys, anti-phishing codes, withdrawal whitelists – which are all available and should be turned on the moment you register.

On the other hand: MEXC isn’t heavily regulated. It doesn’t hold licenses in major markets the way Coinbase or Kraken do, and some users report accounts getting flagged for “risk control” or “abnormal activity” reviews that may delay withdrawals. If rock-solid regulatory backing is a priority to you than fees and coin selection, that’s something to consider

Verification & KYC

Getting started is easy. You can begin trading with limited features before verifying, but in order to activate full withdrawal limits you’ll need to go through KYC:

1. Register with an email or phone number
2. Submit a government-issued ID
3. Take a quick selfie for identity confirmation
4. Wait for approval (very fast)

As of 2026, MEXC also needs a Tax Identification Number (TIN) for full withdrawal limits and access to Kickstarter-style events, as part of its new CARF (Crypto-Asset Reporting Framework) compliance rules.

Trading features

MEXC isn’t just a place to buy and hold. It offers a wide range of services:

• Spot trading -2,700+ coins, 3,000+ pairs
• Futures -up to 200x leverage depending on the pair, with some of the lowest taker fees in the crypto space
• P2P marketplace -trade directly with other users using local currencies like RUB, VND, or KRW, with zero MEXC fees
• Copy Trading – mirror the trades of seasoned traders automatically
• MEXC Earn / Staking -put dormant crypto to work for passive income
• Launchpad & Kickstarter -early access to new token launches and airdrop-style events
• Grid trading bots -automate buy-low/sell-high strategies without babysitting charts

It’s a lot, and that’s part of the reason why newer traders may feel a bit overwhelmed at first. But if you’re the type who likes having every tool available, MEXC doesn’t hold much back.

Mobile app

The MEXC app (iOS and Android) is the same as the desktop version; spot and futures trading, P2P, staking, and full charting tools. It’s fast, and intentional to providing a good setup, and push notifications for price alerts and order fills are handled accordingly. If you’re trading on the go, it’s a legit substitute for the desktop site rather than a stripped-down companion app.

Fees breakdown

FAQ

1. Is MEXC available in the US? No. MEXC restricts access for US and Canadian residents.
2. Does MEXC have its own token? Yes, MX. Holding it gets you discounts on trading fees.
3. Can I use MEXC without verifying my identity? You can browse and do limited trading, but for access to full features and higher withdrawal limits, you are required to do KYC.
4. What’s the minimum deposit? There’s no fixed minimum for crypto. Deposits as low as roughly 1 USDT equivalent are possible depending on the asset.