MEXC Exchange Review – A Top Choice for Altcoins?

The cryptocurrency exchange sector is highly saturated, with platforms ranging from minimalist to feature-heavy. MEXC is an exchange that has operated without high-profile marketing or widespread recognition, yet it has gained attention for its expanding user base and broad token listings. As of 2025, MEXC is among one of the most successful crypto trading platforms with over 35 million users worldwide. MEXC’s main highlight and the feature that sets it apart from other exchanges is its altcoin coverage. The platform often lists emerging tokens before they appear on major exchanges, offering early access to a wider asset range. This appeals to traders seeking exposure beyond mainstream cryptocurrencies. MEXC also positions itself competitively in terms of trading fees, offering lower costs compared to many established platforms. However, fee structure and token availability are not the only criteria for evaluating an exchange. User interface quality, system performance, and additional platform features contribute significantly to overall utility. This review provides an objective assessment of MEXC’s trading features, fee model, user experience, and platform limitations. Each section outlines key factors to consider before using the exchange. Let’s take a look:

What Is MEXC?

MEXC is a cryptocurrency exchange that launched in 2018, built by a team with deep roots in both finance and blockchain tech. By 2019, it had already carved out a 5% share of the global digital asset trading volume. That growth didn’t slow down. Today, it serves over 35 million users across more than 170 regions which is no mean feat. Unlike exchanges focused on a single approach, MEXC provides a comprehensive suite of trading options, including spot, futures, and copy trading. The structure doesn’t lean too far in any one direction making the exchange flexible. Altcoin variety is one of MEXC’s main highlights. The exchange maintains an active listing strategy for emerging digital assets, including meme coins, low-cap tokens, and lesser-known projects. That makes MEXC a target for traders chasing early moves. The exchange also impresses in terms of security. Advanced protocols protect user funds and personal data. The platform has regulatory ties in multiple jurisdictions, either directly or through affiliated entities. And for users worldwide, support in multiple languages smooths out the experience. In 2021, MEXC picked up recognition at Crypto Expo Dubai, winning “Best Crypto Exchange Asia.” But the growth hasn’t come without pushback. In 2023, regulators in British Columbia, Austria, and Germany issued warnings. Its Estonian license was revoked. These events added pressure and raised questions about compliance and oversight in certain regions. However, since then the exchange has had a smooth going and is currently considered secure.

MEXC Key Features

MEXC offers tons of features but some of the features that makes it stand out from the crowd include:

Low Trading Fees

MEXC removes all maker fees across spot and futures markets. Taker fees are among the lowest, set at 0.05% for spot and 0.02% for futures. Traders holding at least 500 MX tokens can even cut these fees in half.

Wide Range of Cryptocurrencies

With support for over 2,900 cryptocurrencies, MEXC offers access to a huge range of tokens. This includes nearly 2,870 spot pairs and more than 1,100 futures pairs. From large-cap assets to newer altcoins and meme coins, the selection is broad.

Multiple Trading Markets

MEXC supports various markets including spot, margin, futures, and ETFs. Each comes with its own structure and risk level. The platform gives traders flexibility to switch between them based on preference or strategy.

Copy Trading

Users can replicate trades made by experienced traders directly. The original trader earns a commission while followers benefit from their strategies without having to create one from scratch.

High Leverage Futures

Futures contracts on MEXC allow leverage up to 500x. This can amplify both gains and losses, and is for traders who lean into high-risk, high-reward setups.

Demo Trading

A demo feature is also available for futures trading. It lets users test trading strategies using simulated funds. This is useful for beginners or anyone trying to get comfortable with the platform before going live.

Events and Rewards

MEXC frequently runs events that reward user activity. These range from high-volume trading competitions to beginner-focused incentives. Both new and seasoned traders can earn bonuses through platform engagement.

How to Create Your MEXC Account

Visit the Website

Go to mexc.com. On the homepage, enter your email address or phone number and click Sign Up.

Set a Password

Create a new password on the next screen and click Sign Up again. You can also register using Google, Apple, MetaMask, or Telegram if that’s easier.

Enter the Verification Code

Check your email or phone for a six-digit verification code. Enter it in the space provided and click Confirm.

Account Ready

Your MEXC account is now active. Click Trader on the homepage to begin.

Does MEXC Require KYC?

MEXC does not mandate KYC (Know Your Customer) verification for all users, but it is required to access higher withdrawal limits. Without completing KYC, users can withdraw up to 10 BTC within 24 hours. For those with Primary KYC, this limit increases to 80 BTC, and for users with Advanced KYC, the limit goes up to 200 BTC. In some regions, there is also a combined withdrawal and deposit limit of 1,000 USDT without KYC verification. Essentially, MEXC gives users the option to operate with or without KYC, but the more verification you complete, the higher your withdrawal limits become.

MEXC Deposits and Withdrawals

Crypto deposits on MEXC follow a pattern that anyone who has transferred tokens before can easily recognize. Click on the deposit option on the top right and go to on-chain deposit. From there you pick the asset. You pick the network. The platform generates your wallet address. Copy it. Head to the platform you’re withdrawing from. Paste that address. Double-check the network. Hit send. That’s the whole process Once the transaction is confirmed, MEXC updates your balance. There's a little pop-up letting you know the funds landed. Whether you’re doing it on the website or the app, the process doesn’t change. It’s the same—no guesswork, no sudden switch-ups between platforms. Withdrawals mirror the same rhythm. Select the crypto, enter the destination wallet address, match the network, and set the amount. That’s the core. But MEXC also gives you a shortcut—send crypto to another user on the platform using just their email, phone number, or User ID. No extra steps, no fuss. And yes, both deposit and withdrawal pages have on-screen instructions if it’s your first round. Clear, labeled, and straight to the point. You can also buy crypto directly on MEXC using Mastercard, Visa card, or SEPA. However, these options are only available in few regions.

MEXC Spot Market

Spot trading on MEXC is simple and direct. You get to buy or sell crypto instantly at current market prices. The platform offers over 2,900 tokens and pairs. This includes trades between stablecoins like USDT or USDC and other cryptocurrencies, as well as crypto-to-crypto trades such as BTC to ETH. Popular tokens like Bitcoin, Ethereum, and Litecoin are available, along with niche coins from sectors like meme coins, AI, Metaverse, Tron ecosystem, and DeFi. You can find almost any crypto on MEXC and can place a spot trade for it instantly. Order Types on MEXC Spot Market:

• Market Order: Executes the trade immediately at the best available price.
• Limit Order: Lets users set a specific price at which they want to buy or sell. The order stays open until the market hits that price.
• Stop-limit Order: Combines a stop price and a limit price. When the stop price is reached, it triggers the limit order.
• One Cancels the Other (OCO): Allows users to place two orders simultaneously. If one order gets triggered, the other is automatically canceled.  

How to Place a Trade on MEXC Spot Market:

• Click on the “Spot” dropdown from the homepage and select “Spot Market.”
• Use the dropdown in the top-left to select your trading pair.
• On the right-hand section, choose your order type (e.g., limit order). Enter your desired price and either the amount of tokens or the USDT value you want to trade.
• Click “Buy” or “Sell” to execute the trade.

MEXC Futures Market

MEXC offers futures contracts, which differ from spot trading. In spot trading, cryptocurrencies are bought or sold instantly. However, with perpetual futures trading, you agree to buy or sell a specific amount of crypto at a set price at some point in the future. MEXC stands out by providing over 300 trading pairs, including futures contracts with leverage ratios of more than 500x Futures trading fees on MEXC are among the lowest in the industry. Maker fees are 0.000%, and taker fees are just 0.020%. Liquidity is another area where MEXC excels, with 90% of its trading pairs offering top-tier market liquidity. Types of Futures Contracts on MEXC:

• USDT-M Contracts: These use USDT as collateral.
• USDC-M Contracts: Thes use USDC as collateral.
• COIN-M Contracts: Also known as Coin-Margined Perpetual Futures, these use other cryptocurrencies as collateral. For example, if BTC is the collateral, payouts are made in Bitcoin.

These futures contracts have no expiry dates, allowing for perpetual trading. Order Types in MEXC Futures Trading:

• Trigger Orders: These orders activate when the price of a futures contract reaches a set level.
• Trailing Stop Orders: These orders follow the price of a crypto, locking in gains and setting sell limits to reduce losses.
• Post-Only Orders: These orders add liquidity to the market without the risk of getting stuck in a trade.

Margin Modes in MEXC Futures Trading:

• Isolated Margin: Uses a specific part of your portfolio for trading.
• Cross Margin: Uses your entire portfolio for trading.

MEXC provides options for different margin strategies, allowing traders to choose based on their risk tolerance and portfolio management style.

MEXC P2P Market

MEXC’s peer-to-peer (P2P) trading feature allows users to buy and sell cryptocurrencies directly with each other. As of this review, the platform supports P2P trading with various fiat currencies, including RUB, KRW, VND, INR, MYR, and UAH. One of the major benefits is that there are no fees for buying or selling crypto on the P2P platform. Over 30 payment methods are supported, providing users with flexibility. Payment options range from bank transfers to e-wallets, allowing traders to choose the method that best suits their needs. However, P2P trading is limited to four cryptocurrencies: USDT, USDC, BTC, and ETH.

To ensure safety, MEXC employs an escrow system. This system holds the cryptocurrency in escrow until payment is confirmed between both parties, helping to prevent fraud and protect users from scams.

MEXC Copy Trading

MEXC’s copy trading feature allows users to mimic the trades of other traders on the platform. This simplifies the process of creating a trading strategy, especially for those new to crypto. Users can choose to be either followers or lead traders. As a follower, you can select experienced traders to copy, based on their performance, such as their 7-day profit and loss (PnL) and win rate.

Once you pick a trader to follow, you allocate some funds for copy trading. When the trader makes a move, MEXC automatically mirrors the trade using the funds you’ve set aside. If you profit from the trades, a 15% commission is taken from your earnings. Lead traders, on the other hand, can have followers who copy their trades. The more followers they have, the more their strategies are copied across the platform.

MEXC Demo Trading

MEXC offers a demo trading feature that is perfect for beginners. This feature lets you explore all the perpetual futures trading tools available on the platform without using real money. You get access to advanced charting tools, trading indicators, and conditional orders via TradingView, all for free. To get started, MEXC provides a balance of 50,000 USDT for demo trading. It’s important to note that any profits or losses are simulated, meaning there’s no real financial risk involved. This is a great way to practice and refine your trading skills in a risk-free environment, especially if you’re just starting out in crypto trading.

MEXC Security & Privacy

MEXC prioritizes user security with multiple layers of protection. Two-factor authentication (2FA) adds a crucial security step by requiring a second verification code during login, in addition to your password. You can choose between email verification or the Google Authenticator app for this extra layer of safety. The platform keeps the majority of user funds in cold storage—offline wallets that are disconnected from the internet. This method makes it far harder for hackers to access funds. Only a small portion is stored online for daily transactions. MEXC employs industry-standard encryption protocols: SSL (Secure Sockets Layer) and AES-256 (Advanced Encryption Standard). These ensure secure communication between your device and MEXC’s servers, safeguarding data during transfer. To further protect users, MEXC includes an anti-phishing code. By setting a unique code, you can verify that emails claiming to be from MEXC are legitimate. Phishing attempts can be spotted easily if the code isn’t present in the email. The exchange also lets you restrict withdrawals to only pre-approved addresses. This security feature blocks any withdrawals to unfamiliar addresses until they are manually added to your whitelist, reducing the risk of unauthorized transactions. MEXC continually tests its system for vulnerabilities, using simulated hacker attacks to identify weak spots. They even offer rewards for users who discover and report bugs, helping to fix potential security gaps before they are exploited.

Regulation and Compliance

MEXC, despite offering strong services, faces significant challenges when it comes to regulation. It is largely unregulated, a factor that has led to several issues with regulatory authorities. Although available in over 170 countries, the lack of licenses means it is not accessible in key regions where crypto adoption is growing. Countries like the USA, the UK, China, and Canada are excluded from the platform due to this regulatory gap. MEXC has been the subject of warnings from multiple regulatory bodies in the past. The British Columbia Securities Commission, the Austrian Financial Market Authority, and Hong Kong’s Securities and Futures Commission have all raised concerns about the exchange’s operations. In 2023, the Estonian Financial Intelligence Unit (FIU) revoked MEXC’s license entirely, marking a significant blow to its regulatory standing.

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MEXC Fees

MEXC stands out with its low fees, making it an excellent option for many users. Deposit fees are free, which is always nice to have. Withdrawal fees, however, vary depending on the asset you’re withdrawing as you will have to pay the blockchain fee. For spot trading, makers pay zero fees, while takers face a 0.050% fee. The fee structure for futures trading is similarly low: makers again pay nothing, while takers are charged 0.020%. The complete breakdown of the trading fee structure can be seen here.

MEXC Futures M-Day

MEXC’s Futures M-Day is a special event designed to boost participation in perpetual futures trading. Traders get the chance to earn rewards based on their trading volume, making it an appealing opportunity.

One of the key benefits is the trading discounts. MEXC can slash taker fees to as low as 0.01% during the M-Day event, offering a significant advantage for active traders. But that’s not all. There’s also the excitement of a lucky draw. Simply register for the event and trade a perpetual futures contract to enter. The more you trade, the more tickets you collect, giving you a better shot at winning. Lastly, there’s a rewards pool with a hefty 87,000+ USDT up for grabs. If you’re lucky, you could end up winning a share of it.

MEXC Staking & Earn

MEXC offers a staking service called MEXC Savings, where users can earn passive income by locking their funds in a fixed-term account. For example, staking USDT can yield up to 100% APR, which is a solid return. The staking periods range from 30 days to 120 days, with the highest rewards typically available for shorter terms, such as 3 to 7 days. In addition to staking, MEXC provides a loan system similar to DeFi lending and borrowing. To borrow funds, users must first provide collateral. If the loan is not repaid within the agreed time frame, MEXC has the right to seize the collateral. Interest is calculated daily based on the loan’s duration. A key point to note is that MEXC does not allow partial payments on loans. Users must pay the full amount and can only do so after a 30-day waiting period following the loan.

MEXC Supported Cryptocurrencies

MEXC excels in the sheer diversity of cryptocurrencies it supports. With over 2,900 options, the exchange offers access to nearly 2,870 spot pairs and more than 1,100 futures pairs. This extensive selection makes it one of the most comprehensive platforms for cryptocurrency trading. Users can trade well-known coins like Bitcoin and Ethereum, but the platform doesn’t stop there. It also supports coins from niche sectors, such as Real World Assets (RWAs), Artificial Intelligence (AI), Decentralized Finance (DeFi), and the Metaverse. Examples of these niche tokens include Decentraland (MANA), Aave (AAVE), Algorand (ALGO), Sandbox (SAND), and Chainlink (LINK).

MEXC Supported Payment Methods

MEXC provides a wide range of payment options to suit users from all over the world.

• Bank Transfer: Available in EUR and GBP for EU/UK users, using SEPA.
• Credit/Debit Card: Supports various fiat currencies, with Visa and Mastercard as the accepted providers.
• Crypto Deposits: Users can deposit all listed cryptocurrencies via direct wallet transfers.
• P2P Trading: For users in certain regions, such as VND, RUB, and KRW, different third-party payment methods are available.
• Third-party Providers: Fiat currencies are supported through providers like Banxa, Mercuryo, Moonpay, and Alchemypay.

Not every payment method is accessible in all countries, so users should check compatibility based on their location.

MEXC Launchpad and Kickstarter

MEXC’s Launchpad and Kickstarter offer distinct opportunities for users to get involved with new crypto projects. These initiatives focus on rewarding MX token holders while helping to build strong communities around emerging blockchain projects. Launchpad allows users to participate in token sales of well-vetted projects. By holding MX tokens, users gain early access to potential high-growth projects. To join, users must hold at least 1,000 MX tokens for a minimum of 30 days, ensuring they are invested in the ecosystem and poised to support new ventures. Kickstarter is another innovative feature offering free airdrops from upcoming projects. Like Launchpad, participation requires holding 1,000 MX tokens for 30 days. This initiative offers a unique chance to expand portfolios without any additional cost.

MEXC Customer Support

MEXC offers multiple support channels to meet different user needs. For urgent queries, live chat is available on the website and mobile app. Email support is also an option, with responses typically provided within 24 hours by contacting service@mexc.com. The Help Center provides a knowledge base with FAQs, trading guides, and platform tutorials, making it ideal for resolving common issues. MEXC’s Telegram channel allows users to interact with community managers and traders for quick responses, though moderators never contact users first. For more complex issues, users can submit detailed tickets via the “Submit an Inquire” button under “User Support” at the bottom of the page. To resolve problems, it’s recommended to begin with the Help Center, use live chat for urgent matters, and opt for the ticketing system for complex account issues. Telegram is best for quick questions.

Final Takeaway

MEXC is a global platform serving over 35 million users across 170 regions. With over 2,800 cryptocurrencies available and services like spot trading, copy trading, futures, P2P, savings, and loans, it stands out for its wide range of features. Its infrastructure supports high performance and mega transaction matching technology which makes it a reliable choice for users across the globe. The exchange is known for its low fees, diverse coin selection, and flexible trading options, offering something for nearly everyone. While it doesn’t allow direct fiat withdrawals, this can be worked around by using other exchanges for cashing out. If you’re looking for a low-cost, high-functionality crypto exchange, MEXC is a solid option, especially if you’re in a region with limited access to other platforms.

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MEXC FAQs