Is It a Safe & Legit Crypto Exchange?

MEXC Exchange is renowned for being a high-performance, mega-transaction platform capable of executing 1.4 million transactions per second.  The exchange prioritizes enhanced performance and efficiency, while also prioritizing user asset security and ensuring state-of-the-art operational integrity. Our MEXC review dissects the platform to help you decide whether it is the best cryptocurrency exchange for you.

MEXC Exchange Review: At a Glance

What Is MEXC?      

MEXC Global is a top cryptocurrency exchange with over 40 million users that offers a wide range of services and crypto assets. According to CoinGecko report, MEXC is the world’s second largest centralized exchange in July 2025 with a spot trading volume of $150.4 billion. The platform boasts a user-friendly interface and utilizes state-of-the-art security measures to safeguard user assets. MEXC offers advanced products like copy trading, staking, and spot and futures trading with leverage of up to 500x.

For both beginners and experienced traders, MEXC offers a safe and secure space where users can buy, sell, or trade crypto assets. Its interface is responsive and easy to navigate, designed to facilitate fast and efficient trading without compromising on speed. Moreover, the website offers numerous tutorials that provide step-by-step instructions on using its many features effectively. Apart from the written training materials, some tutorials are available on a dedicated YouTube channel.

Founded in 2018, MEXC has invested in high-performance technology that enables it to handle up to 1.4 million transactions per second. As a top-tier cryptocurrency exchange, MEXC boasts high liquidity and volume, trading an average of $10 billion daily.

MEXC holds several trading licenses, such as an MSB license in the US, from AUSTRAC in Australia, and an Estonian MTR license. Such and other licenses enable the platform to offer exchange, wallet, and remittance services in most parts of the world. 

Pros of MEXC 

• A user-friendly, intuitive interface with beginner-friendly and advanced features
• Charges relatively low transaction fees
• Wide range of crypto assets and trading products
• Strong security measures and deep liquidity
• Leverage of up to 500 xs

Cons of MEXC

• Not available for US users
• Limited customer support options
• New users must complete KYC verification
• Limited fiat support

Trading Features of MEXC Exchange

Our MEXC crypto exchange review can reveal that the platform offers a wide range of trading tools and options. Whether you’re a beginner or an experienced trader, the versatile exchange has something to fit your trading needs.

1. Spot trading

MEXC supports a wide variety of cryptocurrencies you can buy, sell, or invest in. The platform offers over 3,100 trading pairs, making it the largest exchange in terms of supported cryptocurrency assets. With more trading pairs, the MEXC spot trading market provides users with more opportunities. 

2. Futures & Margin Trading

MEXC operates a futures trading feature. This allows participants to agree to sell or buy crypto assets on a future date at a predetermined price. Investors planning to trade futures on the platform must transfer funds from the spot account to the derivative account.

Its new feature, Multi-Asset Margin mode, is designed to enhance and improve the user experience for Futures traders. The mechanism uses a shared margin pool comprising multiple assets that users can combine into unified collateral for futures options. The risk control mechanism supports 14 tokens, including Ethereum, Bitcoin, Solana, Dogecoin, USDT, and USDC, among other

3. Demo Trading            

New users on the MEXC platform can use the free demo account to simulate USDT-M trading. The demo account mimics real-life futures trading, allowing users to get the feeling without risking tangible assets. The demo account offers up to 10 BTC, 50,000 USDT, and 100 ETH in virtual funds for trade every day.    

4. Copy Trading  

The platform offers futures copy trading, which allows new traders to replicate the positions of experienced traders. The exchange applies regular transaction fees and a profit sharing that is capped at 15%.

5. P2P Trading

With peer-to-peer (P2P) trading, traders can buy and sell crypto, and negotiate prices, trading terms, and payment methods without intermediaries. The MEXC P2P feature facilitates these transactions using security features, such as escrow services, to ensure fair trade and safety. 

6. Meme+ Trading Zone

The Meme+ Trading Zone is designed for crypto traders willing to invest in high-risk, high-return Memecoins. Users can trade popular onchain Memecoins on SOL, BASE, BSC, ETH, BERACHAIN, and TRX. 

MEXC DEX+                

MEXC DEX+ combines the functionalities and user experience of centralized exchanges (CEX) and the liquidity of decentralized exchanges (DEX). It plays the role of a DEX aggregator, routing trades through various decentralized liquidity pools to secure the best possible results and minimize slippage. Users don’t need to create a separate Web3 wallet or manage private keys; they’re integrated directly into their MEXC accounts.

How it works

• Fund transfer: Users transfer assets from their MEXC spot wallet to a DEX+ wallet
• Trade execution: The DEX+ aggregator automatically scans and sources the best prices when you place an order.
• Settlement: The system executes the trade onchain, and tokens are credited to your DEX+ wallet via an automatic process.

MEXC DEX+ simplifies decentralized trading for both beginners and experienced users by removing the need to manage private keys. As a DEX aggregator, it pulls liquidity from multiple decentralized sources to offer optimal pricing and smooth trade execution.

Traders gain access to thousands of on-chain assets, including early-stage tokens not yet listed on centralized exchanges, with features like limit orders and seamless switching between MEXC’s CEX and DEX+.

The platform charges a 1% service fee for every trade in addition to the regular on-chain gas fees. Users interested in accessing MEXC DEX+ must also undergo a compulsory KYC verification process, meaning you can’t trade in complete anonymity. The DEX+ platform aims to bridge the gap between CEX convenience and DEX access. 

How to Sign Up and Complete KYC Verification

The MEXC Global signup procedure is straightforward:

Step 1: Create an MEXC Account

Visit the official MEXC website or visit the App Store (iOS) or Google Play (Android). On the Website’s homepage or on the App’s interface, click the “Sign Up” button.

• Enter Your Details: Choose between registering with your email address or mobile phone number. Create a unique and secure password containing uppercase, lowercase, numbers, and symbols. If you have a referral code, enter it in the provided space, as it could bring some extra benefits. Read and agree to the platform’s terms and conditions and click “Register”.
• Verify Your Account: MEXC will send you a verification code via SMS or email. Enter the code in the space provided and click “Submit” to finish the initial registration. 

Step 2: Verify Your Identity (KYC)  

A new policy change requires all new customers to undergo the Know Your Customer (KYC) verification. You will be asked to upload a valid passport, ID, or driver’s license as well as a selfie to confirm your identity. You could also be asked to provide proof of address, like a recent utility bill.   

Step 3: Deposit Fiat Currency or Crypto

You can immediately deposit cryptocurrency from your digital wallet or fiat currency using a bank transfer or a credit card. You can choose between global transfer, Express action, and debit/credit card transfers. Navigate to “Wallet” and select “Deposit”. Select the crypto you want to transfer, and then copy the deposit wallet address. Confirm the details and send the amount you wish to transfer. 

Step 4: Start Trading Crypto  

Navigate to the MEXC homepage and click on “Buy Crypto”. Choose “Quick Buy” as it enables you to buy instantly with minimal steps. Next, choose the currency you want to pay with and select the crypto asset you intend to purchase. Click on “Buy” to finish the transaction.

Security and Regulation     

MEXC implements several security measures, such as two-factor authentication (2FA), to safeguard user data and ensure their funds are safe. While KYC verification was optional in the past, a new policy change demands that all new users undergo it. Users can also add other available security measures, such as SMS authentication, email authentication, and anti-phishing code.

The exchange’s anti-phishing measures enable users to set up personalized codes resembling MEXC communications to prevent attacks and verify authenticity. An added security layer is the withdrawal whitelist feature that only allows withdrawals to pre-approved cryptocurrency wallets.  This plays a significant role in restricting withdrawals and reducing the risk of fishy transactions.

The best proof of MEXC’s seriousness in security measures is the fact that the platform has never experienced a security breach. The exchange also provides full evidence of reserves and backs all user funds 1:1 on the exchange.

MEXC exchange adheres to globally accepted regulatory standards and operates in over 170 countries globally. While it is registered in the Seychelles, the exchange follows the regulatory requirements of many other jurisdictions. MEXC follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) laws to help ensure protection and prevent illegal activities.

MEXC Fee Structure

MEXC exchange operates on a highly competitive fee structure for spot and futures trading markets.

Trading Fees  

Our MEXC crypto exchange review shows that the fees for spot, futures, and copy trading are among the lowest in the entire crypto market. For example, spot trading fees begin at a flat 0.050% for makers and 0.050% for takers.

Unlike other cryptocurrency exchanges, MEXC doesn’t operate a tiered fee structure that depends on a user’s trading volume. The futures trading platform charges 0.000% for makers and 0.020% for takers, which are relatively low. This makes the exchange a good option for leverage and derivative traders. 

Deposit and Withdrawal Fees

For withdrawals and deposits, the fees can vary. While MEXC doesn’t charge fees for making deposits, withdrawal fees will depend on the cryptocurrency you wish to withdraw and the network you choose.

Users can pay lower withdrawal fees by sending USDT using the BEP20 or TRC20 network for $1 for both networks. For other cryptocurrencies like Bitcoin and Ethereum, the costs could be slightly higher. It’s always advisable to compare withdrawal fees for particular cryptocurrencies and networks every time you wish to execute a transaction. Take note also that the exchange may charge a 15% commission. 

MEXC Supported Cryptos & Payment Methods    

MEXC is one of the most diverse crypto exchanges, supporting over 3,100 coins and 2,700+ trading pairs, including major assets like BTC, ETH, SOL, XRP, BNB, TON and niche tokens in sectors like Memecoins, Layer 2, AI, GameFi, and DeFi.

It’s known for listing new and emerging projects early, such as $TRUMP, Moo Deng, and AI tokens like OPAI and GNON — giving traders access before mainstream listings. With a daily trading volume exceeding $2 billion, MEXC ensures deep liquidity and fast execution.

You can buy crypto using 30+ fiat currencies via Visa, MasterCard, SEPA bank transfers, and Quick Buy/Sell options. Supported currencies include USD, EUR, GBP, VND, BRL, KRW, JPY, and more.

MEXC also offers peer-to-peer (P2P) trading with zero fees, supporting various third-party payment options like Apple Pay, Google Pay, Bankcard, PayPal, Mercuryo, Banxa, and MoonPay via Visa. Note that you must complete the advanced KYV verification to be allowed to buy crypto using SEPA bank transfers. Remember, though, that SEPA doesn’t apply in some European countries apart from 30 of them, including Germany, Hungary, Ireland, Italy, and Spain. 

MEXC Earn & Staking             

MEXC exchange operates a staking program but uses the term MEXC Earn on its website to describe it. The staking program is divided into two sections, namely MEXC Savings and MEXC Solana (SOL) Staking.

MEXC Savings

Previously referred to as “Staking,” MEXC savings enables users to earn rewards by simply holding their crypto. Users can choose from two available options: 

• Locked Savings: Users are allowed to lock up their crypto for a specified time during which they cannot trade, transfer, or withdraw. You can compare it to a fixed deposit bank account where withdrawal is not allowed.
• Flexible Savings: This option allows users to have access to their locked crypto assets. They can be withdrawn, traded, or transferred and still earn rewards, similar to a regular savings account.

This entire process is referred to as staking on the MEXC platform. The MEXC plan differs from traditional crypto staking, where users lock tokens to support the blockchain and earn rewards. Moreover, the MEXC staking program doesn’t utilize the proof-of-stake consensus mechanism.

MEXC Solana (SOL) Staking 

The MEXC Solana staking program is designed to support the Solana exchange via a liquid staking system called MXSOL. Once you stake your SOL on the MEXC platform, you’re given MXSOL tokens in return. MXSOL becomes your receipt for the staked SOL representing the principal and the accrued rewards. Since it’s a liquid staking token, you can hold and move it as your SOL earns interest behind the scenes.

As your rewards accumulate, the value of your MXSOL also continues to grow. Users can redeem their MXSOL back to SOL any time they wish. Users interested in MEXC staking can choose between 30, 60, or 120-day lock-up periods with corresponding interest rates. Staking crypto on MEXC can be a lucrative venture once you understand it.

MEXC Bonuses & Affiliate 

MEXC regularly creates trading competitions, hosts events, and offers bonuses to attract new customers and maintain active traders.

The MEXC signup bonus is designed to reward and welcome new users. Participants receive this bonus when they register a new account using a referral code from a friend. You will need to complete the Know Your Customer verification and several tasks to receive additional bonus. You can use our 2025 referral code “mexc-NFTP” to claim up to a free $10,000 USDT bonus and enjoy 20% on trading fees.

MEXC also operates an affiliate program under a partnership between marketers, traders, and influencers and MEXC Global exchange. Participants in the affiliate program don’t have to hold any tokens on MEXC to qualify or have a large social media following. The program incentivizes affiliates to use unique referral codes to refer new users to the platform. In return, the affiliates earn a standard 40% commission for spot and futures trading fees. However, the rate could reach as high as 50% in certain areas, such as India, Pakistan, the Philippines, Malaysia, and several others.

MEXC App & User Experience                                   

The MEXC app is available on the App Store and Google Play, or you can download the APK file directly from the official website. It delivers the full functionality of the desktop version, offering all the trading tools including spot trading, futures, staking, as well as real time charts, technical indicators and price alerts.

The interface is user friendly, supports both light and dark themes, and is suitable for both beginners and experienced traders. You can place buy and sell orders, monitor open positions, and customize the layout to match your preferences. The app performs smoothly on mid range smartphones with fast execution and low latency, even during high traffic periods.

For security, MEXC supports two factor authentication, biometric login like fingerprint or face recognition, anti phishing codes, and withdrawal whitelists. The main drawback reported by users is high battery consumption.

MEXC Customer Service    

MEXC offers 24/7 customer support via live chat, email, and phone, with most users reporting fast and helpful responses especially during critical trading moments.

For quick self-help, the platform provides a comprehensive Help Center with guides, FAQs, and platform updates. Users can also submit direct inquiries via email at [email protected], or use the chatbot for instant assistance.

In case of security issues or fund-related concerns, MEXC offers a dedicated form to report lost or abnormal transactions.

MEXC maintains a strong presence across major social platforms, including Telegram, Discord, Twitter (X), YouTube, and more. Among these, the official Telegram channel is often considered the fastest support avenue.

There are still some users have complained that the response times can sometimes be slow and sluggish, with several responses appearing quite generic. However, the official MEXC Telegram channel is considered the fastest in terms of responding to customer queries.

MEXC vs. Other Exchanges Comparison

Conclusion: Is MEXC a good exchange?    

MEXC ranks as one of the leading cryptocurrency exchanges with systems designed for both beginners and expert traders. The platform provides a comprehensive range of advanced tools and features tailored to the diverse needs and experiences of various traders. The platform is also renowned for delivering relatively low trading fees, making it a cost-effective option in the crypto market. Users can easily enjoy spot, margin, and futures trading.

The security of user data and private keys is ensured through the implementation of stringent security measures. These include secure data encryption, cold storage, and two-factor authentication. Moreover, MEXC Global operates a comprehensive customer care service designed to assist any traders in distress. This makes MEXC a reliable, secure, and effective cryptocurrency exchange for traders looking for a great experience.  

FAQs                                       

Is MEXC Exchange legit?

MEXC is a safe and legitimate cryptocurrency exchange that offers advanced security measures and proof of reserves. The platform supports crypto-to-crypto trading, but users need to use fiat to buy crypto first. KYC verification is a mandatory requirement for both new and existing users to access advanced features.  

Is MEXC a trusted exchange?

Users and experts generally consider MEXC a trusted crypto exchange with user-friendly features. The platform employs robust security measures and has a reputation for not experiencing any security breaches as of 2025.  

Is MEXC allowed in the US?

You cannot use MEXC in the US as it is not directly supported.  Any attempt to access MEXC using a US IP leads to account suspension. However, you can access MEXC while in the US using a Virtual Private Network (VPN) to conceal your location. That’s because the MEXC platform will not allow you to create an account while in the US due to regulatory issues.  

Can I withdraw money from MEXC? 

You can somehow get cash out of your MEXC account. However, you will need an exchange that offers a crypto-to-fiat service or a third-party wallet.

Is MEXC a big cryptocurrency exchange?

MEXC is considered one of the top crypto exchanges trusted by 40+ million users worldwide. It is ranked second globally in trade volume behind Binance by CoinGecko. The exchange can execute over 1.4 million transactions per second and has a daily trade volume of at least $2 billion.