MEXC Exchange Review (2025): Fees, Safety, and 5 Hidden Features You Need to Know

Is MEXC the right crypto exchange for you? This comprehensive MEXC exchange review cuts through the marketing noise to deliver an honest assessment of fees, security, supported assets, and user experience. With over 3,000 cryptocurrencies listed and some of the lowest trading fees in the industry, MEXC has positioned itself as a go-to platform for altcoin enthusiasts and cost-conscious traders. But does it deliver on safety and reliability? Read on for our unbiased verdict.

What is MEXC Exchange?

MEXC (formerly known as MEXC Global) is a centralized cryptocurrency exchange founded in 2018 and headquartered in Seychelles. The platform has rapidly grown to serve over 10 million users across 170+ countries, offering spot trading, futures contracts, staking, and launchpad services.

Key highlights:

• 3,000+ cryptocurrencies supported (one of the largest selections globally)
• Ultra-low fees starting at 0% maker and 0.01% taker for spot trading
• No mandatory KYC for basic accounts (up to 20 BTC daily withdrawals)
• 24/7 customer support in multiple languages
• Mobile and desktop apps available

MEXC Fees: How Competitive Are They?

Spot Trading Fees

MEXC’s fee structure is among the most competitive in the crypto exchange landscape:

Compared to competitors:

• Binance: 0.1% maker/taker (standard)
• KuCoin: 0.1% maker/taker (standard)
• Bybit: 0.1% maker/taker (standard)

Verdict: MEXC wins on spot trading fees, especially for high-volume traders.

Futures Trading Fees

• Maker: 0.00%
• Taker: 0.02%

These rates are competitive but slightly higher than Binance’s futures fees (0.02% maker, 0.04% taker).

Deposit and Withdrawal Fees

• Deposits: Free for all cryptocurrencies
• Withdrawals: Vary by coin (e.g., BTC ~0.0004 BTC, ETH ~0.003 ETH)
• Fiat deposits/withdrawals: Fees depend on payment method (credit card fees typically 3-5%)

Warning: Always check current withdrawal fees before transferring, as network congestion can impact costs.

MEXC Security: Is Your Crypto Safe?

Security Features

Strong Points:

Cold wallet storage: 95% of user funds stored offline Two-factor authentication (2FA): Mandatory for withdrawals Anti-phishing codes: Customizable security phrases Withdrawal whitelist: Restrict withdrawals to pre-approved addresses Security Incident Response: Established protocols and insurance fund

Concerns:

• No proof of reserves: Unlike Binance or Kraken, MEXC hasn’t published third-party audited proof of reserves
• Regulatory status: Operating from Seychelles means less regulatory oversight compared to US or EU-licensed exchanges
• Past incidents: No major hacks reported, but the platform has experienced occasional withdrawal delays during high volatility

Is MEXC Safe for Your Money?

Detailed verdict: MEXC employs industry-standard security measures, but the lack of proof of reserves and lighter regulatory framework may concern risk-averse traders. For holding large amounts long-term, consider transferring to a hardware wallet.

MEXC KYC Requirements

One of MEXC’s unique selling points is its flexible KYC policy:

Verification Level	Requirements	Daily Withdrawal Limit
No KYC	Email/phone only	20 BTC
Basic KYC	ID verification	200 BTC
Advanced KYC	ID + proof of address	500 BTC

Benefit: Traders who value privacy can start trading immediately without identity verification, though payment options and withdrawal limits are restricted.

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Supported Cryptocurrencies and Trading Pairs

MEXC stands out for its extensive altcoin selection:

• 3,000+ cryptocurrencies including major coins (BTC, ETH, BNB) and obscure microcaps
• 4,000+ trading pairs across spot and derivatives markets
• Early listings: MEXC frequently lists new tokens before major exchanges, attracting speculative traders

Crucial consideration: While the vast selection appeals to altcoin hunters, many low-cap tokens carry extreme risk. Always conduct thorough research before trading unfamiliar assets.

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5 Hidden Features You Need to Know

1. MX Token Discounts

Hold MEXC’s native MX token to receive up to 20% trading fee discounts. MX can also be staked for passive income.

2. Copy Trading

Follow and automatically replicate trades from experienced traders—ideal for beginners learning the ropes.

3. Launchpad Access

Participate in exclusive token sales and earn potential high returns from early-stage projects (with corresponding high risk).

4. API Trading

Advanced traders can use MEXC’s robust API for algorithmic trading and bot integration.

5. Kickstarter Program

Earn rewards by staking specific tokens to farm new project tokens before they hit the open market.

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MEXC vs Binance vs Bybit: How Does It Compare?

Feature	MEXC	Binance	Bybit
Spot Fees	0% / 0.01%	0.1% / 0.1%	0.1% / 0.1%
Coin Selection	3,000+	600+	400+
KYC Required	No (basic use)	Yes	Yes
Proof of Reserves	No	Yes	Yes
Regulation	Seychelles	Multiple jurisdictions	UAE, elsewhere
Best For	Altcoin traders, low fees	All-around trading	Derivatives focus

Final verdict: MEXC excels in altcoin variety and low fees, but Binance and Bybit offer stronger regulatory compliance and transparency.

MEXC Pros and Cons

Pros

• Ultra-low trading fees (especially for spot trading)
• Massive cryptocurrency selection (3,000+ coins)
• No mandatory KYC for basic accounts
• Early access to new token listings
• User-friendly interface for beginners and advanced traders

Cons

• No proof of reserves published
• Limited regulatory oversight (Seychelles-based)
• Customer support can be slow during peak times
• High-risk token listings (many low-cap, volatile coins)
• Restricted access in certain countries (including US)

How to Sign Up for MEXC

Getting started with MEXC takes less than 5 minutes:

1. Visit the official MEXC website and click “Sign Up”
2. Enter your email/phone number and create a strong password
3. Verify your account via email or SMS code
4. Enable 2FA for enhanced security
5. Deposit crypto or purchase with credit card (optional KYC for higher limits)
6. Start trading across spot, futures, or margin markets

Warning: Always ensure you’re on the legitimate MEXC domain to avoid phishing sites.

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Is MEXC Safe? Final Verdict

The bottom line: MEXC is a solid choice for altcoin traders and fee-conscious users who prioritize low costs and extensive coin selection. However, the platform’s lack of proof of reserves and lighter regulatory framework make it less suitable for risk-averse investors or those storing significant funds long-term.

Who Should Use MEXC?

• Altcoin enthusiasts hunting for early-stage gems
• Cost-conscious traders seeking rock-bottom fees
• Privacy-focused users who prefer no-KYC options

Who Should Look Elsewhere?

• Long-term HODLers prioritizing maximum security (consider hardware wallets)
• Compliance-focused traders needing regulated platforms
• US-based users (MEXC doesn’t serve US customers)

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MEXC Alternatives to Consider

If MEXC doesn’t meet your needs, explore these alternatives:

• Binance: Best all-around exchange with proof of reserves
• Bybit: Top choice for derivatives and futures trading
• KuCoin: Strong altcoin selection with better regulatory standing
• Kraken: US-friendly with robust security and compliance

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Conclusion: Should You Use MEXC Exchange?

MEXC Exchange review summary: This platform delivers exceptional value through ultra-low fees and an unmatched altcoin catalog, making it ideal for active traders and speculative investors. However, the absence of proof of reserves and limited regulatory oversight means you should approach with appropriate risk management—never store more crypto on the exchange than you’re willing to lose.

Ready to explore MEXC? Start with small amounts, enable all security features, and always withdraw profits to a personal wallet. For more crypto exchange comparisons and trading guides, check out our other reviews.

Frequently Asked Questions

This MEXC exchange review was last updated in 2025. Cryptocurrency exchanges frequently update policies and features—always verify current information on the official MEXC website before making decisions.