MEXC Review: Latest MEXC Pros, Cons, and Key Features 2023

What Is MEXC?

MEXC, founded in April 2018 in Seychelles, East Africa, is a prominent cryptocurrency exchange that has rapidly established itself as one of the top 100 exchanges worldwide. The platform boasts a team of blockchain industry pioneers who contribute their extensive expertise and experience.

Renowned for its cutting-edge technology, MEXC utilizes high-performance and mega transaction matching systems, enabling swift and efficient trading. With a user base exceeding 10 million, the exchange operates across major continents and jurisdictions. It upholds regulatory compliance with licenses from five reputable nations: Switzerland, Canada, Australia, and the United States.

Serving over 170 countries, MEXC offers a vast selection of more than 1,520 coins (2,110+ pairs) on its platform, resulting in billions of dollars in trading volume. This broad range of coins and trading pairs, combined with global accessibility and regulatory adherence, positions MEXC as an appealing choice for both seasoned traders and newcomers to the cryptocurrency market.

For those interested in trading Bitcoin and altcoins with leverage of up to 125x, take advantage of our exclusive sign-up link on MEXC today. By using this link, you become eligible to earn a bonus of up to $9,100.


MEXC Review: Pros and Cons

Pros of Trading with MEXC

  • Explore a vast selection of more than 1,520 cryptocurrencies, including a strong focus on DeFi coins.
  • Enjoy a user-friendly trading interface and a fully functional mobile app for seamless trading on the go.
  • Benefit from a diverse range of trading products, an attractive earning program, and various order types.
  • Access exchange-traded funds, a feature offered by only a handful of exchanges.
  • Obtain compliance certificates for Australia, Canada, Estonia, and the U.S., ensuring regulatory adherence.
  • Experience responsive 24/7 customer support with live agents to address any queries or concerns.
  • Enhance your knowledge with highly educational articles and guides tailored for crypto enthusiasts.
  • Leverage your trades up to 200x, allowing for amplified potential returns.
  • Enjoy low trading fees that contribute to cost-effective trading.
  • Register quickly and anonymously, as no Know Your Customer (KYC) process is required.

Cons of MEXC

  • To cash out, it is necessary to transfer funds to another exchange as fiat withdrawals are not supported.
  • The cryptocurrency exchange platforms mentioned may not be widely popular in Australia.
  • Quick buy options for assets may be limited, depending on the region.

Is MEXC Global Legit?

Absolutely, MEXC Global is a reputable and regulated cryptocurrency exchange, possessing compliance licenses in Australia, Canada, and Switzerland. The platform places a strong emphasis on securing users' funds and has implemented various measures to achieve this, including 2-factor authentication, cold storage for all digital assets, and a stringent KYC/AML policy.

Moreover, MEXC Global distinguishes itself by complying with both GDPR and FinCEN regulations, which sets it apart from many other exchanges. It operates across multiple countries and has obtained significant licenses, effectively navigating various jurisdictions like Australia, Estonia, and the United States.

How Does MEXC Exchange Work?

MEXC is a cryptocurrency exchange that prioritizes the security and protection of its users' assets. With over $500 million worth of cryptocurrency deposits, MEXC utilizes cold storage wallets to safeguard these assets. This approach guarantees constant safety and security measures for the stored funds. The cold storage wallet is meticulously designed to provide a highly secure environment, and regular monitoring ensures the ongoing safety of the assets.

To facilitate fast and efficient trading, MEXC employs advanced mega-transaction matching technology. This cutting-edge technology enables the platform to handle substantial trade volumes and swiftly match orders in mere milliseconds. As a result, MEXC stands out as one of the market's fastest and most reliable trading platforms.

MEXC goes a step further in enhancing security by implementing two-factor authentication. This additional layer of protection requires users to enter a code sent to their mobile device or email, in addition to their password, when accessing their account or engaging in trades. By employing this robust security measure, MEXC ensures that only authorized users can access their accounts and engage in trading activities.

In summary, MEXC combines the strengths of its sophisticated cold storage wallet, high-performance mega-transaction matching technology, and two-factor authentication to provide a secure and reliable trading environment. Users can trust that their assets are well-protected while benefiting from fast and efficient trading capabilities.

Features of MEXC

MEXC is a cryptocurrency exchange with a user-friendly interface designed for high liquidity and trading volume. It offers a variety of features including margin trading, futures, P2P trading, automated trading bots, and copy trading.

User Interface

The trading interface of the MEXC exchange has a user-friendly design, with the “Buy” and “Sell” icons conveniently located below each asset. Adjacent to the icons, on the left side, you can find a dynamic market order book that constantly updates in real-time. Additionally, a comprehensive online trading chart is accessible, offering a complete range of timeframes from one minute to one month.

While this serves as the primary trading interface, MEXC caters to indicator-savvy traders by providing access to a range of advanced tools. Traders can utilize indicators such as Moving Averages, Exponential Moving Averages, Bollinger Bands, and Parabolic SAR. Furthermore, sub-indicators like Moving Average Convergence and Divergence (MACD), Absolute Strength, and real-time volumes are also available for analysis and decision-making.

MEXC offers customization options, allowing users to personalize the colors and time intervals of the supported indicators according to their preferences. Additionally, the platform is directly connected to the TradingView API, providing advanced functionalities tailored to experienced investors.

Overall, MEXC provides a user-friendly trading interface with convenient access to key features, customizable indicators, and integration with TradingView API for more advanced trading capabilities.

Trading Options

Despite functioning as a centralized exchange with certain limitations compared to decentralized counterparts, MEXC Global manages to provide users with a diverse selection of trading options that are highly sought after. Here are some of the most popular trading choices available on the MEXC platform.

  • Spot Grid Trading.
  • Margin Trading.
  • Leveraged ETFs.
  • PUSH (P2P Trading).

Order Types

In trading, two primary order types are commonly used: market orders and limit orders.

A market order is promptly executed at the prevailing market price. Traders who place market orders instruct the exchange to carry out the transaction immediately, based on the prevailing market price of the asset. Market orders are suitable for those seeking quick transactions. However, it is important to note that profit margins on margin transactions can be volatile and uncertain due to continuous fluctuations in market prices.

On the other hand, limit orders prioritize price over speed. With a limit order, traders can acquire or trade a specific asset, but the transaction will only be executed if there is a price in the order book that matches their requested price. Unlike market orders that trade at the spot price when the order is placed, limit orders provide greater control over the execution price.

One advantage of limit orders is that they prevent traders from selling at a price lower than their desired level. However, if the requested price is not available in the order book, the limit order may not be executed. To manage this risk, speculators often use stop-loss and take-profit orders to protect against unfavorable scenarios.


MEXC Global Earn provides various products, including staking, third-party DeFi services, and trade mining. Trade mining allows users to earn rewards by trading specific currencies, with pool rewards distributed based on transaction volume.

Staking offers the opportunity to generate passive income from cryptocurrencies held, both through fixed and flexible terms. Fixed staking options include ETH, EOS, USDT, HYDRA, DOT, BTC, and KSM, with term durations ranging from 1 to 30 days and APYs between 1.50% and 68%. Flexible staking encompasses a diverse range of thirty assets without any specified term limit, allowing users to earn yields that range from a few basis points up to approximately 6% APY.

While MEXC excludes certain stackable assets like SOL and ADA, it's important to note that many platforms do not support staking for these assets either. Although the APYs for flexible staking may not be particularly enticing, the fixed staking options offer more competitive APYs, determined by the protocols themselves.

Overall, MEXC Global Earn provides opportunities for users to engage in staking, benefit from third-party DeFi services, and participate in trade mining, contributing to potential earnings from their crypto holdings.

Mobile App

MEXC Global provides dedicated applications for both iPhone and Android devices, granting users the convenience of accessing the platform anytime and anywhere. The mobile app offers the same functionality as the desktop version, allowing users to engage in spot trading and margin trading from around the globe.

Existing MEXC Global exchange account holders can benefit greatly from the app, as it enables seamless access to their accounts and effortless management of their trades. Moreover, new users can easily register for the platform directly through the app, streamlining the onboarding process.

To safeguard your funds and personal information, it is vital to download the official MEXC app exclusively from trusted sources such as the App Store for iPhone or Google Play for Android devices. Be cautious of unofficial or fraudulent applications that may attempt to exploit your information and gain unauthorized access to your funds.


MEXC's blog serves as an outstanding resource for platform updates, offering a wealth of information in well-organized and comprehensive articles. It covers various subsections such as Industry News and Altcoins, providing valuable insights into the latest news and emerging projects within the space. If you're interested in expanding your knowledge about the industry, MEXC's blog is definitely worth exploring.

For those seeking to learn more about blockchain technology or obtain trading advice tailored to beginners, the Academy section is a valuable resource. Similar to the blog, it provides educational content but places a stronger focus on learning rather than news updates.

Overall, MEXC's blog and Academy sections offer exceptional resources for staying informed about platform updates, industry news, and educational content related to blockchain technology and trading.

MEXC Review Services

Buy and Sell Crypto Directly

MEXC exchange provides a user-friendly platform that streamlines the process of buying and selling digital assets. Its intuitive interface and easily accessible top menu allow users to navigate the platform effortlessly and access the buying and selling features with just a few clicks. When accessing the buying and selling page, users are presented with a diverse range of fiat currencies and digital assets to choose from, as well as customizable payment methods to cater to individual preferences. With MEXC, executing crypto transactions is quick and efficient, empowering users to buy or sell digital assets within seconds.

Spot Trading

Spot trading serves as the foundation for any cryptocurrency exchange, including MEXC. It functions as the primary marketplace where users can engage in buying and selling cryptocurrencies. For those new to the world of cryptocurrencies, spot trading refers to the act of exchanging one cryptocurrency for another. As a centralized exchange, MEXC offers a diverse array of options for spot trading, ensuring a satisfactory level of liquidity. With over 1,520 cryptocurrencies and more than 2,000 trading pairs available, MEXC provides an ideal platform for users seeking various trading opportunities. Whether you're a seasoned trader or a beginner, MEXC's spot market is a reliable choice

To access the MEXC Spot Market, simply click on the “Trade” tab located at the top left corner and select the “Spot” option. This will take you to the spot trading market interface, where you can choose your desired trading pair. You will have access to candlestick charts specific to the selected trading pair, and below that, you can place your order.

When it comes to order placement, MEXC offers two options: limit orders and market orders. A limit order allows you to trade an asset at a specified price, while a market order enables the immediate purchase of the asset at the current market price. This flexibility empowers you to select the option that aligns best with your trading strategy.

Margin Trading

MEXC exchange provides a comprehensive range of services for trading digital assets, including spot trading and margin trading. Margin trading offers an opportunity to enhance your trading capabilities by borrowing funds from a third party. This allows you to capitalize on even small price fluctuations in the market, making it particularly advantageous in low-volatility markets such as Forex. With leverage of up to 10x, you can amplify your potential profits. While margin trading is available for a majority of the top cryptocurrencies, it's important to note that it is not offered for all cryptocurrencies. By incorporating this additional feature, MEXC exchange caters to a diverse range of traders, from novices to experienced individuals.

To access the margin trading feature, simply navigate to the “Trading” tab located at the top left corner. The interface for margin trading is identical to that of spot trading, ensuring a seamless experience for users.

Futures Contracts

Futures trading is a widely adopted tool used by traders and is offered by reputable cryptocurrency exchanges such as MEXC. It allows you to speculate on the price movements of a cryptocurrency without owning the actual asset, providing an opportunity to profit from both upward and downward price fluctuations. While certain cryptocurrency features like staking may not be available, you can still engage in speculative trading based on the asset's price movements. MEXC provides futures trading with leverage of up to 200x on specific cryptocurrencies, accompanied by competitive spreads, enabling a diverse range of trading possibilities.

Moreover, MEXC ensures exceptional futures liquidity for the top 50 cryptocurrencies, enhancing the trading experience for users.

To access future contracts on the MEXC exchange, simply locate the “Derivatives” tab at the top left corner of the interface and click on it. From there, select the “Futures” option to explore the available future contracts.

You can choose between USD-M or COIN-M future contracts, depending on your preferred currency for contract settlements, allowing for flexibility in your trading endeavors.

Leverage ETFs

MEXC exchange presents users with the opportunity to engage in ETF (exchange-traded fund) trading. ETFs are investment tools that enable traders to gain exposure to an asset without actual ownership. These funds closely mirror the price and overall performance of specific assets or asset groups, providing a convenient means to invest in cryptocurrencies without the complexities of regulatory procedures.

Furthermore, the MEXC exchange introduces leveraged ETF trading as an additional feature. This form of trading allows users to amplify the yield rate of an underlying asset by a certain factor, typically three. For example, if the price of ETH rises by 5%, a leveraged ETF offering 3x returns on ETH would experience a 15% increase. Traders appreciate this type of trading as it offers the potential for higher returns while effectively managing the risks associated with liquidation. Currently, the MEXC exchange provides 3x long and 3x short ETFs for specific coins, expanding the range of trading options available to users.

The leveraged ETFs provide several noteworthy features:

  • One-Click Opening: Easily open leveraged positions with just one click, simplifying the trading process.
  • No Margin or Liquidations: Trading leveraged ETFs eliminates the need for margin requirements or concerns about liquidations, reducing potential risks.
  • Risk Control: Robust risk control mechanisms are in place to help manage and mitigate potential risks associated with leveraged ETF trading.
  • Auto-Compound Profit: Leveraged ETFs offer the advantage of auto-compounding profits, allowing for potential increased returns over time.

Accessing ETFs is as straightforward as navigating to the “Derivatives” tab located at the top left corner of the interface. The interface for ETFs is similar to the MEXC exchange's spot and margin trading markets, ensuring a familiar trading experience for users.

PUSH (Peer-to-Peer Trading)

MEXC exchange introduces PUSH, a feature that facilitates peer-to-peer (P2P) trading. P2P trading enables direct trading between users, eliminating the need for intermediaries and fostering a decentralized trading environment. This feature holds a significant role in the cryptocurrency trading ecosystem, offering enhanced transaction flexibility and security. MEXC recognizes the value of P2P trading and has integrated PUSH into its platform, providing users with an additional trading option. With PUSH, users can effortlessly trade their crypto assets directly with others, without any interference from a central authority. This feature not only enhances transaction privacy but also strengthens overall transaction security. It's important to note that completion of the KYC (Know Your Customer) process is required to access this feature.


MEXC exchange presents a unique opportunity for users to generate passive income through staking. By holding specific digital assets, users can earn returns on their investments. The Proof-of-Stake mechanism empowers users to validate transactions on the blockchain network and receive interest rewards in return, making this opportunity possible.

When users explore the staking section on the MEXC platform, they will discover a diverse range of popular cryptocurrencies available for staking, such as Bitcoin, Ethereum, and Polkadot. Users have the flexibility to choose between flexible and locked staking options, tailoring their staking strategy according to their investment objectives and risk tolerance.

The interest rates on staked assets may vary depending on market conditions and the specific coin. While most coins offer an Annual Percentage Yield (APY) below 10%, it still presents a favorable return for users holding a significant quantity of coins. It's worth mentioning that certain newly introduced coins might provide even higher returns on staking. MEXC exchange acknowledges the importance of staking as a means of generating passive income and strives to ensure easy accessibility and user-friendliness for its users.

At MEXC, users have the option to choose between flexible and fixed Staking options. With flexible staking, users retain the ability to withdraw their funds at any time.

How to Register an Account on MEXC Exchange?

Signing up on the MEXC cryptocurrency exchange is a simple and straightforward process. Here is a guide to help you create a trading account:

  1. Visit the official MEXC website and click the “Register” button.
  2. Provide your email address or phone number and create a password to start the registration process.
  3. A verification code will be sent to the email address or phone number you provided. Please use it to verify your MEXC account.
  4. Once logged in, find the profile icon in the top right corner of the home page and click it. From the drop-down menu, select “Identity”.
  5. On the next page, you have the option of completing “master KYC” or “advanced KYC” to increase your withdrawal limit and unlock all exchange features.
  6. To ensure a seamless experience on the MEXC exchange, you should complete at least “master KYC” verification.
  7. Congratulations! You have successfully registered on the MEXC exchange. Now you can deposit and start trading easily.

Does MEXC Global require KYC?

Completing the Know Your Customer (KYC) procedure is mandatory for trading on MEXC. The exchange implements KYC as a means to differentiate between legitimate and illegitimate traders, ensuring a secure and compliant trading environment. Therefore, undergoing the KYC process is a requirement for accessing trading features on the platform.

Supported Cryptocurrencies

The availability of a diverse range of assets is an essential consideration for investors and traders in the cryptocurrency space. MEXC stands out in this aspect, as it offers an extensive selection of over 370 cryptocurrencies and more than 750 trading pairs.

This wide range of options provides users with the flexibility to engage in trading, buying, or selling activities based on their preferences and investment strategies. MEXC supports a variety of cryptocurrencies, including well-known and highly discussed projects, as well as emerging and lesser-known ones.

When utilizing the MEXC exchange, it is prudent to carefully evaluate all the available choices and make informed decisions before committing significant capital. By conducting thorough research and analysis, investors and traders can optimize their investment opportunities and navigate the dynamic cryptocurrency market more effectively.

Deposit & Withdrawal Methods

MEXC has partnered with various third-party merchants to offer customers a diverse range of deposit options. Alongside popular payment methods like Visa, Mastercard, and Bank Transfer, users can conveniently use Apple Pay or Google Pay to directly purchase cryptocurrencies.

Please note that the availability of fiat payment options may vary depending on your country of residence. However, cryptocurrency deposits are accessible to all users, regardless of location.

While direct fiat withdrawals are not supported on the MEXC platform, users can still sell their cryptocurrencies for fiat using the peer-to-peer trading feature. This allows for a smooth transition from cryptocurrency holdings to traditional currencies when necessary.


MEXC Exchange offers its users a competitive fee structure. One notable advantage of using MEXC is that there are no fees for depositing funds onto the platform. This means users can add funds to their accounts without incurring any additional costs.

For trading on the spot market, MEXC charges 0% for maker orders and 0.1% for taker orders when buying and selling cryptocurrencies. Taker orders can be further reduced with a 20% discount for users holding the MX token. By enabling fee settlement with MX tokens, users can reduce their spot trading fee to as low as 0.16%. This makes the transaction costs highly competitive in the market, comparable to other low-cost exchanges like Binance.

Makers trading futures on MEXC do not incur any fees. Takers were previously charged 0.06%, but the exchange has recently lowered the fee to 0.03%. This is quite cost-effective and similar to the margin trading platform Bybit. Just like in the spot market, paying with an MX token provides a 10% discount when using leverage. Additionally, the fees can be further reduced based on the user's monthly trading volume, reaching as low as 0.014% for makers and 0.042% for takers for investors with a volume of $500 million and above.

Overall, MEXC's fee structure is competitive compared to other exchanges, and users can benefit from reduced trading costs by holding the MX token.

MEXC Deposit Fees

Depositing cryptocurrency into your MEXC account is completely free of charge.

Please note that fiat deposits are not available on MEXC. However, users have the option to use fiat currency to directly purchase cryptocurrencies. The fees for these transactions will vary depending on the third-party merchants involved, typically ranging from 3-5%. To determine the exact fee associated with your preferred fiat payment method, you can select the method during the purchase process, and the fee will be displayed for your reference before finalizing the transaction.

MEXC Trading Fee

MEXC offers a spot trading fee of 0% for makers and 0.1% for takers. For Futures trading, the fee is 0% for makers and 0.03% for takers. Sign up now to enjoy a 10% discount on all your trading fees and receive a $30 FREE USDT as a bonus.

MEXC Fiat Withdrawal Fees

Although MEXC does not offer cash withdrawals, you can still sell your cryptocurrencies for fiat currency using the P2P (peer-to-peer) marketplace available on the platform. The P2P marketplace on MEXC offers free trading, allowing you to set your preferred price when selling your cryptocurrencies. By listing your desired price, you can wait for a willing buyer to meet your terms and complete the transaction without paying any extra fees.

MEXC Crypto Withdrawal Fees

MEXC applies varying withdrawal fees for each cryptocurrency. While some coins have no withdrawal fees, others have specific fees associated with them. To access detailed information regarding the withdrawal fees for each coin, you can refer to the MEXC fee page.

MEXC Affiliate Program

To foster the growth of the crypto community and collaborate with like-minded individuals, MEXC has introduced the MEXC Affiliate Program. By participating in this program, you can generate a unique referral link, which can be shared with anyone interested in crypto trading. When individuals click on your referral link and complete the registration process, they become your referrals. You will then receive commissions based on the trades executed by your invitees, whether in MEXC spot, Futures, or ETF.

Here are the benefits of joining the MEXC Affiliate Program:

  • Super High Rebate: Earn up to a 70% referral rebate on commissions, along with sub-affiliate rebates.
  • High Bonus: Eligible MEXC Affiliates receive monthly airdrop bonus incentives.
  • Nomination Rights: Gain the privilege to suggest investment projects or list projects to MEXC.
  • Exclusive Activities: Participate in exclusive trading events tailored for affiliates.
  • VIP Service: Access 24/7 personalized support from professional customer managers.
  • Permanent Rebate: Enjoy a permanent rebate period for sustained benefits.

By becoming an affiliate, you can leverage these advantages and actively contribute to the development of the crypto community while earning attractive rewards.

Customer Support by MEXC Exchange

MEXC, like many other cryptocurrency platforms, provides a comprehensive help center to assist users with any issues they may encounter. While the help center is well-developed, some users may find that it lacks sufficient visual content such as images and videos, and could benefit from further improvements in terms of user experience (UX).

The navigation within the help center can occasionally be a bit challenging, but overall, the center is well-organized and highly valuable. While it may not reach the level of excellence seen in Exodus's assistance center, it remains above average in terms of effectiveness.

Additionally, a small tab located in the bottom right corner of each page allows users to submit support queries or initiate live conversations. The live chat feature enables users to access faster and more practical support through the help center. While these features are standard in the industry, their inclusion is still commendable as overlooking them could cause significant inconvenience.

Conclusion Review MEXC

In conclusion, MEXC is a reliable and robust cryptocurrency exchange that offers a wide range of features to cater to traders of all types. The platform prioritizes user-friendliness and provides a diverse selection of trading pairs with sufficient liquidity. The trading fees are highly competitive, especially when utilizing the platform's native MX token. Additionally, MEXC emphasizes the security of users' funds through measures such as KYC verification and two-factor authentication. The inclusion of cold storage wallets further enhances the platform's protection against cyber threats.

The main limitation of MEXC is its lack of support for fiat withdrawals, which may be a drawback for some investors. However, overall, MEXC Exchange is a solid choice for cryptocurrency trading, offering an intuitive interface and a range of features that cater to different trading preferences. It is advisable for users to conduct thorough research and read reviews before making any investment decisions.

Frequently Asked Questions

Is MEXC Global a legitimate exchange?

Answer: Yes, MEXC Global is a reputable and legitimate exchange that has been catering to the needs of over 10 million users for an extended period of time.

Is MEXC Global a safe platform?

Answer: MEXC Global is considered one of the safest cryptocurrency exchanges due to its implementation of advanced security protocols, KYC (Know Your Customer) verification, and two-factor authentication.

Is MEXC available in the United States?

Answer: Yes, the MEXC exchange is available for users in the United States.

Where is the location of the MEXC exchange?

Answer: While the exchange was founded in Seychelles, its services are also established in Singapore and Korea.

Can US citizens use the MEXC exchange?

Answer: Yes, US citizens can use the MEXC exchange.

Does MEXC Global require KYC verification?

Answer: MEXC can be used without completing the KYC process, but certain features on the exchange may not be accessible without completing the verification.

Who is the CEO of MEXC Global?

Answer: The CEO of MEXC Global is currently John Chen.

Bitcoin (BTC) $ 69,546.63
Ethereum (ETH) $ 3,501.69
Tether (USDT) $ 0.999867
BNB (BNB) $ 606.40
XRP (XRP) $ 0.616904
Solana (SOL) $ 169.77
Litecoin (LTC) $ 95.51
OKB (OKB) $ 56.72
TRON (TRX) $ 0.118508
Polygon (MATIC) $ 0.879521
Cardano (ADA) $ 0.578347