MEXC Crypto Exchange Review 2025: Features, Pros and Cons

Our MEXC review discusses its features, trading conditions, and pros and cons. Ranked in the top 20 exchanges according to CoinGecko, it is among the crypto exchanges that are worth considering.

Despite recent volatility, the crypto markets are continuing to expand. More and more individuals are looking to trade cryptocurrencies.

With many exchanges available for trading crypto, should MEXC be considered as your crypto trading platform?

Pros and cons of MEXC

Every platform has pros and cons. We have gathered the top pros and cons of the crypto exchange and its products.

MEXC pros

1. Extensive selection of cryptocurrencies: More than 1,500 cryptocurrencies are available, making it one of the largest exchanges in terms of asset selection.
2. Several trading pairs: The exchange offers many trading pairs, including popular cryptocurrencies and smaller altcoins. This provides traders with more opportunities to find potentially profitable trades.
3. ‘Lower’ trading fees: MEXC charges competitive trading fees, especially for spot trading. Maker fees are often 0%, and taker fees are low compared to other exchanges (0.02%).
4. Futures trading: Trading crypto futures is available on the exchange.
5. MX token benefits: MEXC’s native MX token offers holders exclusive privileges such as reduced trading fees and priority access to new projects on the launchpad.
6. Diverse product offerings: Beyond its core exchange functions, MEXC Global has developed a comprehensive suite of crypto-related products, including Launchpad, Kickstarter events, Futures Trading, MX DeFi, and M-Day.

MEXC cons

1. Limited fiat options: It currently supports a limited number of fiat currencies, which can be inconvenient for users who prefer to trade with their local currency.
2. Unregulated: The exchange is not regulated by major financial bodies. Japan’s Financial Services Agency (FSA) recently asked Apple and Google to remove MEXC Global app from their stores due to failing to register in the country.
3. Customer support issues: Some users have reported experiencing difficulties with MEXC’s customer support.
4. Low trading volumes on some cryptocurrencies: As opposed to Binance, MEXC lists newly launched tokens that, on some occasions, have low liquidity.
5. Limited withdrawal options: MEXC may have limited options for withdrawing funds.

About MEXC

Launched in 2018, MEXC Global has emerged as a leading platform in the crypto trading industry. 

With teams based in key global locations, including Singapore and Seychelles, MEXC is renowned for its cutting-edge mega transaction matching technology, which processes up to 1.4 million trades per second. 

Besides spot trading, the platform offers margin trading and futures alongside leveraged and index exchange-traded funds (ETFs). 

Serving more than 10 million users across 170+ countries, MEXC Global is recognized as Africa’s third-largest crypto exchange service provider and the world’s 11th-largest exchange (by volume). At the time of this writing, the exchange is not accepting any clients from the United States.

The exchange’s dedication to high performance and diverse trading options solidifies its role as a reliable option for beginners and advanced traders.

MEXC affirmed that USDT, a popular stablecoin, will remain accessible to EU-based traders. Many exchanges have suspended Tether due to the implementation of the Markets in Crypto-Assets Regulation (MiCA).

MEXC liquidity performance

Reports by TokenInsight and Simplicity Group, released in November 2024, showed MEXC’s strong liquidity performance compared to other centralized exchanges.

MEXC spot trading depth reached $3.11B. The total futures depth is above $9.1B. The exchange also has the lowest slippage for futures sell orders ($1M and $5M).

In the past couple of years, MEXC has added over 240 meme coins, including exclusive initial listings that have witnessed a strong price surge (over 10,000%, according to reports).

It has contributed to the exchange’s success in attracting traders and increased trading volumes.

Besides liquidity depth, MEXC has attracted many large and popular cryptocurrency projects. Solayer, Story IP, and Analog all launched their tokens on the exchange, which signals MEXC’s global recognition.

MEXC is monitoring market manipulations on the exchange

As MEXC is listing new tokens rapidly (some may have lower liquidity than other listings), it paves the way for manipulations on the exchange. On 03/25/25, MEXC announced it had detected and liquidated a group of market manipulators.

Following an internal investigation, MEXC identified two groups. One group operated in Vietnam (168 accounts), and the second group was from Commonwealth of Independent States (CIS) countries (over 1,500 accounts).

Some of these malicious activities included front-running, quote stuffing, layering, and spoofing.

MEXC’s actions reflect zero tolerance for price manipulations and ensure a safe trading environment for its customers.

MEXC key features and fees

Feature	Description
Kickstarter events	Pre-launch events with user voting and airdrops.
Futures Trading	Involves a contract for trading an asset at a future specified price. “Buy long” futures allow investors to profit from price increases, while “sell short” futures hedge against price declines.
M-Day	Lucky draw event for purchasing newly launched tokens. Users participate and receive token airdrops.
MX token	MEXC’s native token provides proof of equity for those who use MEXC. MX holders enjoy trading fee deductions, launchpad subscriptions, referral rewards, and offline payments.
Airdrops	MEXC’s airdrop events for Launchpad and Kickstarter campaigns. MEXC offered 50+ weekly airdrops, with token APYs over 100% and a 100 million USDT prize pool.
MEXC Meme+ Zone	In the Meme+ Zone, meme coins at an early stage can be traded without the need for a crypto wallet or private keys.

MEXC trading features

Feature	Description
Market analysis tools	Access charts, indicators, and other tools to analyze market trends.
Stop-Loss and Take-Profit Orders	Set automatic orders to manage risk and profit.
Price Alerts	Receive notifications when prices reach specific levels.
MEXC swap	Easily exchange one cryptocurrency for another.
Spot trading	Buy and sell cryptocurrencies directly.
Derivatives	Explore various derivative products beyond futures such as leveraged ETFs.
Margin Trading	Borrow funds to increase your trading position size.
Copy Trading	Automate your trading by copying the strategies of successful traders.

MEXC other features

Feature	Description
Academy	Participate in online courses and workshops.
MEXC Earn	Access various earning products like savings and financial products.
Launchpad	Participate in token sales of promising projects.
NFT Marketplace	Buy, sell, and trade non-fungible tokens.
API Integration	Connect to external trading platforms and bots.
Community forums	Connect with other traders and discuss crypto topics.
VIP loyalty program	Enjoy exclusive benefits and perks as a VIP member.

MEXC deposit, withdrawal, and trading fees

Method	Deposit	Withdraw
Bank account	Varies based on bank and region	Varies based on bank and region
Debit card	Fixed fee per transaction	Varies based on bank and region
Credit card	Processing fee + potential interest	Varies based on bank and region
PayPal	Varies based on transaction amount and currency	Varies based on transaction amount and currency

Trading fees

Market	Buy (taker)	Sell (maker)
Instant purchase	Varies (depending on method and asset)	Varies (depending on method and asset)
Spot market	0.020%	0.000%
Futures	0.020%	0.000%

MEXC offers flexible limits for both fiat and crypto transactions. When depositing with a credit or debit card, the platform allows up to 1,250 USD, 2,000 EUR, or 1,750 GBP per transaction. 

For users selling cryptocurrency through SEPA, the daily limit is 1,000 EUR. 

On the crypto side, withdrawal limits are tied to verification status. Users with primary KYC can withdraw up to 80 BTC, while advanced KYC accounts see this limit raised to 200 BTC. 

Institutional clients benefit from even greater withdrawal allowances, with a cap of 400 BTC, making the platform suitable for high-volume traders.

Useful considerations when it comes to fees:

• MX token discounts: The native token offers discounts on trading fees for holders of the MX token.
• Fee promotions: May periodically run promotions or campaigns on new listings offering reduced or waived fees.
• Network fees: Network fees may apply in addition to MEXC’s cryptocurrency deposits and withdrawal fees.

MEXC supported cryptocurrencies

MEXC offers a wide selection of over 2,640 cryptocurrencies, providing users with access to 3,018 trading pairs. 

Traders can explore various markets, including spot trading and futures markets, and earning opportunities through yield generation on selected assets.

With $618 million in exchange reserves, MEXC’s most active trading pair is BTC/USDT, boasting a 24-hour volume of $952.6 million. 

The platform supports 526 pairs for futures traders, with a 24-hour trading volume of $8.57 billion and an open interest of $2.66 billion, highlighting its robust futures market.

MEXC app review

The app is designed for traders who value convenience without compromising on features. 

Available on iOS and Android, the app mirrors the desktop experience, offering access to over 3,000 trading pairs with real-time data, charting tools, and price alerts.

MEXC App

It is easy to use for beginners, while experienced traders can enjoy advanced features like futures trading with 0 maker fees and tight spreads.

The app provides seamless navigation and execution, although the desktop version offers more in-depth chart customization. Despite this, both platforms offer industry-leading liquidity and consistent performance.

You’ll have access to features like P2P trading, staking, and real-time market monitoring, ensuring you’re always connected to the latest opportunities.

User ratings of MEXC

	Rating	Number of reviews
Google Play	3.4	39.5k
Apple Store	4.0	772
Trustpilot	1.3	330

MEXC customer support

MEXC offers a range of customer support options to assist users with their inquiries and issues. Their help center provides comprehensive FAQs and guides on various topics, allowing users to find answers independently. 

If you require further assistance, the customer support team is available 24/7 to provide personalized support. They can be contacted through live chat, email, or by submitting a support ticket.

Contact options

• Live chat: Accessible directly on the MEXC platform ✅
• Email: [email protected] ✅
• Support ticket: Submit a ticket through the MEXC website ✅
• Social Media: MEXC’s official channels (Twitter, Telegram) ✅

Testing MEXC customer support

• Live chat: We initiated a live chat with MEXC customer support. After being guided through a series of automated responses that led us to the FAQ pages and some documentation, we finally connected with a helpful agent. The agent was knowledgeable and addressed our query efficiently.
• Email: We also sent an email over to MEXC support with a general inquiry and received a response within a few hours. The email response was informative and resolved my question.

How to sign up on MEXC

Here’s a step-by-step guide on how to create an account on MEXC — broken down briefly:

1. Visit MEXC official website
2. Click “Sign Up”: This button is usually in the homepage’s top right corner.
3. Choose a registration method: You can choose to sign up using your email or mobile number.
4. Enter your information:
   • Email or Mobile Number: Enter your valid email address or mobile number.
   • Password: Create a strong password following the platform’s guidelines.
5. Complete verification: You might be asked to complete a verification process, such as entering a verification code sent to your email or mobile number.
6. Click “Sign Up”: Once you’ve entered all the required information and agreed to the terms, click the “Sign Up” button to create your MEXC account.

Disclaimer: The sign-up process may vary slightly depending on your location and MEXC’s current policies.

MEXC USDT bonus

Is MEXC safe?

• Security: The exchange employs robust security measures to protect user funds, including multi-factor authentication (MFA), cold storage wallets, and regular security audits.
• Insurance: While the exchange doesn’t explicitly mention insurance coverage, it states that it has risk management strategies in place to safeguard user assets.
• Proof-of-reserves: This hasn’t been publicly disclosed, which can provide transparency regarding the exchange’s reserves.
• Past hacks: No major hacks in the past, indicating a strong security track record.
• Legal issues: MEXC complies with relevant regulations and has not faced any significant legal issues.
• Reputation: It has a generally positive reputation in the crypto community, with many users praising its features and services.

MEXC trust score | Source: CoinGecko

Our verdict

This MEXC review finds the exchange to be legitimate.

Many customers appreciate the exchange’s support for a wide range of assets and the ability to buy tokens without undergoing KYC. 

Trading the top cryptocurrencies such as Bitcoin and Ethereum is smooth. However, as the exchange lists relatively new tokens with low liquidity, caution should be advised as pairs with low liquidity and volumes may be more challenging to buy and sell.

MEXC offers numerous features and digital products, making it a top cryptocurrency exchange for beginners and experienced crypto traders.

Methodology

When reviewing MEXC, the following was used to assess the cryptocurrency exchange:

1. Supported cryptocurrencies

The number of supported tokens is essential. Crypto traders often look for an exchange that offers a wide range of cryptocurrencies, especially recently launched tokens.

2. Deposit methods

In the past, bank transfers and credit cards were the most popular options. As the popularity of payment apps rose, traders may favor exchanges that offer multiple funding options, especially popular methods where they reside.

3. Fees

Competitive trading, as well as deposit and withdrawal fees, are essential. The market is extremely competitive. Traders are more likely to consider an exchange where reasonable fees are paid.

4. Ease of Use

Not all crypto traders have traded before. An easy-to-use platform is essential and offers more advanced options for seasoned traders.

5. Features

Platforms that offer more features are likely to attract more traders. As technology advances, crypto exchanges expect to provide basic and advanced features in this competitive space.

6. Customer service

Adequate customer service is among the leading foundations in the trading and investing industries. While no one expects instant replies, customers’ queries should receive a timely response.

FAQs