MEXC Review 2025: Is It A Good Crypto Exchange?

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2 days ago

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Leading crypto sites like Coinmarketcap and CoinGecko view MEXC as among the top 10 cryptocurrency exchanges. It experiences an average trading volume surpassing $2 billion and over 5 million visits to its website each week. Nonetheless, not all individuals know what to anticipate from this crypto exchange and what it provides. 

In this 2025 MEXC review, we will discuss all a user needs to know regarding this exchange. You will explore its trading functions, history, creators, trading costs, mobile app efficiency, supported digital currencies, and more. By the end, you will have sufficient information to determine whether MEXC suits you.

Key Takeaways: 

• MEXC is a legitimate and safe crypto exchange with proof of reserves and advanced security measures.
• MEXC offers crypto-to-crypto trading but requires buying crypto with fiat beforehand.
• KYC verification is mandatory to access deposits, trading, and key services on MEXC.
• MEXC does not operate in the United States due to regulatory challenges.
• MEXC’s headquarters are in Victoria, Seychelles, and online access is available via their website.
• You can withdraw funds from MEXC to your bank account using express or other fiat options.

MEXC Overview: Key Highlights

Spot Trading Fees

Futures Trading Fees
 

What Is MEXC?

MEXC is a crypto exchange that was founded in 2018 and was formerly named MXC Exchange. It is a global crypto trading platform that allows its users to buy and sell different assets. According to the information they provided on their website, they have more than 30 million users and now operate in 170 countries. The company was said to be founded by Ryder Junji and has John Chen, a Singaporean businessman, as the CEO of the company. With its headquarters in Victoria, Seychelles, MEXC announced that its mission is to help millions of people around the world explore digital assets. 

Furthermore, each letter of the alphabet in their name means an acronym for a specific purpose. The M in MEXC stands for “Most trending tokens.” 

Since it was founded, MEXC has won many awards because of the decent services it provides to its users. For example, it won the “Best Crypto Exchange Asia” at the Dubai Crypto Expo in 2021. Moreover, MEXC offers a lot of trading services for both beginners and experienced traders. Users can buy crypto, and engage in spot trading, futures, and even airdrop events. Additionally, there is the MEXC loan initiative, Invite & Earn, affiliate opportunity, P2P trading, savings plan, and copy trading.

To purchase cryptocurrency at this exchange, MEXC provides various payment options. You can settle payments using direct fiat deposits, credit or debit cards, international bank transfers, instant buy and sell, and peer-to-peer trading. MEXC takes its promotional events seriously, offering them to both new users and current customers. There's an $8,000 reward available for those who sign up with this link. Existing users can participate in the supercar giveaway, futures M-day, and the Futures leader board challenge.

Pros

• MEXC offers an impressive selection of trading options, with 2,950 tokens available for spot trading and 652 tokens for futures trading.
•  New users who register through this link can take advantage of a welcome bonus of up to $8,000. Additionally, MEXC rewards loyal customers with exciting promotional offers, like a supercar giveaway.
• The platform stands out with its low trading fees. For spot trading, the maker and taker fees are both 0.050%, which is much cheaper than the fees on most other exchanges that typically exceed 0.1%.
• MEXC provides a fast and efficient trading experience, capable of processing up to 1.4 million transactions every second. 
• When it comes to futures trading, users can access leverage ratios as high as 200x on certain trading pairs. Beginners can also benefit from demo trading, which helps them understand how futures trading works without risking real funds.
• For those interested in passive income, MEXC offers staking opportunities, with potential earnings of up to 100% APY. High-volume traders can explore additional perks through institutional and VIP trading services.

Cons

• At MEXC, you won't find some features like NFT trading. Also, there are no core DeFi services like lending and borrowing. 
• MEXC is not operational in some countries and regions such as the United States due to regulatory issues. 
• There's no social trading available at MEXC.
   

MEXC Trading Features Review 

Our testing revealed that MEXC had numerous trading features such as spot and futures trading, P2P trading, staking, and many others. 

Spot Trading

MEXC lets people trade cryptocurrencies super easily with spot trading. This means you can buy or sell coins right away. They say they have more than 2,900 coins and trading pairs. You can trade stablecoins for crypto or even crypto for crypto. For example, if you’re trading Bitcoin, you can trade it with USDT, USDC, ETH, or TUSD.

In addition to popular cryptocurrencies like Bitcoin, Ethereum, and Solana, MEXC also includes niche tokens. These tokens are part of categories like meme coins, AI, the Metaverse, the Tron ecosystem, DeFi, and the TON ecosystem. The platform also supports different types of conditional orders for spot trading, such as limit and stop-limit orders.

• Market Order: This is the easiest one! You buy or sell a coin super fast at the best price you can get.
• Limit Order: Here, you pick the price you want to sell at. Like, if Bitcoin is $100,000, you can tell it to sell when it gets to $105,000.
• Stop-limit Order: This one is kind of like the limit order, but you can also add a “stop price” to control your risks. For example, if you’re selling Solana, you set both a stop price and a limit price to keep things safe.
• One Cancels the Other (OCO): Market orders suit novices, whereas One Cancels the Other caters to experienced traders. This kind of order enables you to place two orders simultaneously. The initial order that gets activated nullifies the remaining one.

We also discovered that MEXC has many trading indicators available for its users. There's also an integration with TradingView, allowing traders to have a more advanced charting experience. 

Perpetual Futures Trading 

MEXC provides a platform for trading futures contracts, which works differently from spot trading. In spot trading, you buy or sell cryptocurrencies immediately, but with perpetual futures trading, you agree to buy or sell a specific amount of cryptocurrency at a set price in the future. MEXC stands out by offering more than 300 trading pairs and futures contracts. Some of these even come with leverage ratios of over 200x.

Based on our review of MEXC, it’s clear that this exchange offers some of the lowest fees for futures trading. For instance, the futures maker fees are 0.000%, and the taker fees are only 0.020%. MEXC also excels in liquidity, with 90% of its trading pairs providing top-tier liquidity in the market.

When it comes to perpetual futures trading, MEXC offers two main types of contracts: USDT-M and COIN-M. USDT-M contracts use USDT as collateral, while COIN-M contracts, also known as Coin-Margined Perpetual Futures, rely on other cryptocurrencies as collateral. For example, you get paid in Bitcoin if BTC is the underlying collateral of a COIN-M futures contract. Because they are perpetual futures, it doesn't have expiry dates.

The perpetual futures contracts at MEXC come with different types of orders. First is the trigger orders, which tell MEXC exactly what price to watch for. Whenever the futures contract reaches this price, it will activate the buy or sell order. Secondly, there are the trailing stop orders that automatically follow the price of a crypto. This type of order locks in on gains and also sets sell limits to reduce losses. Lastly, there are post-only orders which help to add more liquidity to the market without getting stuck with a trade. 

Like many other crypto exchanges, our MEXC global review shows there are two margin modes on this crypto exchange. There are isolated cross-margin modes. The isolated margin uses a certain part of your portfolio for trading while the cross margin uses your whole portfolio. 

MEXC Futures M-Day

The MEXC futures M-day is a promotional event at this crypto exchange that encourages traders to engage in perpetual futures. In our MEXC exchange review, we discovered that traders can earn rewards depending on the amount they trade. So, there are some exciting things you should know about the MEXC futures M-day. 

First, it is an avenue to receive trading discounts. For example, MEXC can reduce taker fees to as low as 0.01% Kidd for engaging in the futures M-day. Furthermore, there are also lucky draw chances. To engage in the lucky draw, you just need to register for the event and trade a perpetual futures contract. The higher you trade, the more lucky draw tickets you receive for a higher chance of winning. Lastly, there is a rewards pool, with MEXC offering as much as 87,800 USDT for lucky users. 

P2P Trading

MEXC offers a peer-to-peer (P2P) trading feature as part of its services. At the time of writing this review, the exchange allowed P2P trading with fiat currencies like RUB, KRW, VND, INR, MYR, and UAH. The best thing about this feature is that users don’t have to pay any fees when buying or selling crypto through MEXC’s P2P platform.

The platform supports over 30 payment methods, giving users the flexibility to pick what works best for them. Some examples of payment methods include bank transfers and e-wallets. However, the P2P platform currently supports trading only four cryptocurrencies: USDT, USDC, BTC, and ETH.

To protect users from scammers or fraud, MEXC uses an escrow system to keep the platform safe. In our MEXC global review, the exchange holds the cryptocurrency until payment is confirmed between the two parties involved. 

Demo Trading

In our MEXC review 2025, this crypto exchange has demo trading, which is very beneficial for beginners. As the name suggests, this feature allows you to try all the perpetual futures trading features available at MEXC without risking your own money. This means you get to use their TradingView integration for advanced charts, trading indicators, and conditional orders for free.

More importantly, MEXC gives you 50,000 USDT to start your demo trading. Since it is demo trading, any profits or losses you make from this money aren't real. It is just a simulated trading environment where you get to practice and improve, especially if you are just starting. 

Copy Trading

In our MEXC crypto review, they have a program where users can copy the trades of others on the platform. With their copy trading feature, it reduces the complications of building a trading strategy, especially for beginners. On this crypto exchange, you can either be a follower or be followed. Assuming you are a follower, you can copy the trades of other expert traders on the platform. On the other hand, if you're a “lead trader”, others will be able to follow you and copy your trades. 

If you're a follower, you can scroll through the list of top traders on the platform. You can select and follow a top trader based on their 7-day PnL and their win rate. So, when you pick a trader to follow, MEXC helps you allocate some funds for copy trading. Whenever the top trader makes a trade, it is automatically copied by MEXC using the allocated funds. If you're following someone at MEXC, there's a 15% commission whenever you make any profit. 

MEXC Express

MEXC Express is a quick buy and sell feature on the crypto exchange. It connects the crypto exchange with prior third-party payment providers like Mercuryo, Guardian, Coinify, and many others. 

They make use of popular payment methods such as credit/debit cards, SEPA, and SWIFT transfers. MEXC doesn't handle these transactions but only acts as an intermediary between users and third-party payment providers. 

MEXC Mastercard 

The MEXC Mastercard is another key feature of this crypto exchange, it allows users to easily buy cryptocurrencies from this crypto exchange with a prepaid card. During our MEXC global review, we found out that the MEXC Mastercard is only available in Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and Switzerland. 

For countries eligible to use the MEXC Mastercard, a user will need to pay a fee of 1% every time they add money to their card. Also, they can't spend more than 3,000 USDT in a single transaction and 30,000 USDT in a month. At any time, the highest amount you can keep in a single Mastercard is 100,000 USDT. 

Furthermore, the transaction fees for the MEXC Mastercard depend on your location. For example, you won't pay any fees if you reside within the European Economic Area (EEA). However, users outside of this area will pay a 2% fee on each transaction. 

MEXC Staking & Earn Review

Staking, savings, and earning services were part of our MEXC exchange review. Especially for hodlers and position traders, this crypto exchange provides different avenues to earn passive and long-term income. 

MEXC Savings

The MEXC savings is a form of staking service that allows users on this crypto exchange to earn passive income. According to our testing during the review, the exchange is offering 100% APR when users stake USDT within a locked account. For fixed staking on MEXC, your funds are locked for a certain period, which can be 30 days to 120 days. They often come with higher rewards, especially if it is within 3 days to 7 days. 

For flexible savings, you can still have access to your funds at any time during the staking period. However, this type of savings on MEXC has lower rewards. For instance, Bitcoin has 1.80% APR, Ethereum 4.80%, and XRP 3.00%. 

MEXC Loans

The MEXC loans look like the usual DeFi lending and borrowing. Before you can borrow from this crypto exchange, you will have to provide collateral. Assuming you are not able to pay back this loan within the time frame, MEXC might take your collateral. More details show that that interest is calculated every day based on the actual length of your loan. 

Also, there's nothing like partial payment at MEXC. You can only make full payment and you will also have to wait for 30 days after borrowing before you can make this payment. Compared to exchanges like Bitget or OKX, we found this to be a major downside during our MEXC global review. 

MEXC Kickstarter and Launchpool

MEXC is on par with major exchanges like Binance with the provision of a Kickstarter and Launchpad feature. Kickstarter is a part of this crypto exchange, where you need to hold some of their native tokens to qualify for airdrops. 

First, you need to hold equal or more than 500 MX tokens for 24 hours straight to qualify. Then you commit those MX tokens and earn up to 62% APY.  On the other hand, the MEXC launch pool is where you can find promising crypto projects before they go public. MEXC has a strict selection process for these promising crypto projects to ensure users don't invest in scams. 

MEXC Token Airdrop

The token airdrop section is one of the features we discovered during our MEXC review 2025. This is where you complete certain tasks within the exchange to qualify for many airdrops. Some of the tasks to be completed in this section include deposits and trading. In the past, users enjoyed many benefits from the MEXC token airdrops. For example, MEXC users shared a pool of 266,600 LOGX during the airdrop. Around 8,500 people participated in this. 

MEXC Affiliate Program

Similar to our MEXC copy trading review, the affiliate program is for two groups of users; those who are new and the old customers. As the name suggests, this is where you recommend users to join the MEXC exchange and you end up getting commissions and rewards. 

The first step to joining their affiliate program is to apply. This will enable you to earn profits from your referrals' trades. Then, you will have to wait for MEXC's approval and you will be given a referral code. Whenever someone signs up on the exchange with this code, they earn welcome bonuses. On the other hand, you earn lifetime commissions on every new active referral. 

In our MEXC exchange review, we discovered they already have more than 32,000 affiliates. Also, more than 6,200 BTCs have been paid out to these people. MEXC promises a 70% commission on your referrals' trading fees and 10% on your Sub-Affiliates' commissions. 

MEXC API 

MEXC has an API integration option, which is highly beneficial for algorithmic, institutions, and high-volume traders. Compared to other exchanges, MEXC API offering is one of the best in the crypto industry. First, it supports high-frequency trading, and its liquidity rating on Coinmarketcap is quite high. Also, there's a Sandbox and backtesting environment to test trading strategies before deploying them. 

MEXC API  provides spot trading services for over 1,200 types of cryptocurrencies. Also, it integrates a WebSocket Push to get more info on price changes, orders, transactions, and more. There's also technical support, with six types of DEMO examples: PYTHON, JAVA, GO, DOTNET, NODE.JS, and Postman Collections. 

In our MEXC global review, we found out that their API security is quite strong. The exchange has a renewal feature that allows a 90-day API key extension. For algorithmic traders, this helps to reduce leakage risks caused by multiple applications for API keys. Also, an algo trader can set the trading pairs that can be traded while using the API key. This prevents market manipulation caused by API key leakage. 

MEXC Trading Fees

In our spot, futures, and MEXC copy trading review, they have one of the lowest trading fees in the crypto sector. Their spot trading fees are set at a flat 0.050%/0.050% maker/taker fee. Compared to other crypto exchanges, it doesn't have a tiered structure based on trading volume. For their futures trading, it offers a 0.000%/0.020%, which is quite low. In our opinion, MEXC is an ideal crypto exchange for derivatives and leverage traders. 

For deposits and withdrawals, MEXC fees vary. For crypto deposits, MEXC doesn't charge any fees. During our MEXC copy trading review, we discovered they charge a 15% commission. Also, the amount of fees users pay during crypto withdrawals depends on the blockchain network. 

Here is a more detailed overview of the trading fees: 

Deposits and Withdrawals 

MEXC Mobile App Review

During our MEXC exchange review, we explored the mobile app and compared its features with the desktop version and other exchanges. The mobile app offers almost all the services as the desktop version. There's spot trading, perpetual futures, copy trading, and the same MEXC savings features as the desktop. Furthermore, there is P2P trading, token airdrop, the launchpad, and many more. 

In our testing, we discovered that MEXC doesn't have lite and pro versions for their mobile apps. This is a major downside because having a lite version tailored for beginners helps them begin their crypto journey properly. In comparison, exchanges like Binance, Coinbase, and Bitstamp have lite and pro modes to suit different trader needs. 

Nevertheless, we found the mobile app to be user-friendly. There was no lagging while using the app and there was a search feature to find different cryptocurrencies and exchange features. Like the desktop version, there's a TradingView integration, and a user's portfolio is well shown. Deposits and withdrawals are also simple and can be executed in less than 5 steps. 

MEXC Customer Support Review

Customer support was part of our MEXC crypto review and it provides one of the best customer support services. MEXC provides 2 major channels for customer support and that's the chatbot and email contact. Users who have business collaborations and questions about this crypto exchange can contact them at [email protected]. However, unlike top exchanges like Coinbase or Bitstamp, MEXC doesn't offer a phone service in its customer support. 

Still, there's a FAQ and learning center where users can get more information about this exchange. The crypto exchange claims to offer 24/7 customer support and it keeps to its word. During our testing, we messaged MEXC at different times of the day using their chatbot and a live agent responded within 2 minutes. 

How Do I Get Started With MEXC?

If you want to start using MEXC for crypto trading and other services, it usually involves 4 steps. They include: 

Step 1: Register Your MEXC Account

First, you need to sign up for a MEXC account. For those asking, “Is MEXC legit?” Yes, it is, and there are two ways you can register for an account. You can click on this link to get access to a massive welcome bonus and trading discounts. Or, you can use the manual method. 

• Visit their website. 
• Click on the “Sign Up” button to get started. 
• Enter your email, password, and MEXC referral code if you have any. You will be required to verify your email address before logging in. Alternatively, you can also sign up using your Google account, Telegram, Apple account, and MetaMask wallet. 

Step 2: Complete Identity Verification 

In our MEXC crypto review, we discovered that Know Your Customer (KYC) is mandatory on this crypto exchange. To do your KYC, go to the profile section of the exchange and select “Verification.” You can choose between the primary or advanced KYC option. Anyone you choose will be required to provide a certain government-issued ID. Also, approval for each verification takes around 24 hours. 

Step 3: Deposit Fiat Currency or Crypto

You can deposit fiat or crypto at MEXC. In our MEXC review 2025, the exchange supports different options for fiat deposits. You can use the Express option, global transfer, and credit/debit cards.

To deposit crypto at MEXC, move to the “Wallet” section of the exchange and select “Deposit.” Select the type of crypto you want to move to MEXC and copy the deposit wallet address. Confirm and send as many crypto as you want to the exchange. 

Step 4: Start Trading Crypto

During our MEXC exchange review, they offer different trading services, from spot to perpetual futures. Go to the “Market section, where you will see different tradable cryptocurrencies at this exchange. You can choose between spot and futures trading pairs. Select one and then move to the trading interface. Our MEXC copy trading review, meets industry standards. 

MEXC Security & Regulations 

MEXC provides security to users' assets with three major methods. First is the 100% proof of reserves, which secures cryptocurrencies like USDT, USDC, Bitcoin, and Ethereum. It provides 104.52% for USDT, 116.52% for USDC, 105.88% for Bitcoin, and 105.65% for Ethereum. Secondly, MEXC uses cold storage and hot wallets to store users' funds. Lastly, they have an insurance fund, with 378,661,808 USDT inside as compensation for losses exceeding the margin.

Also, MEXC has cybersecurity measures to ensure user accounts and assets are well-protracted. Examples are two-factor authentication, withdrawal whitelisting, anti-phishing codes, penetration testing, and bug bounty programs. 

What are the alternatives to MEXC?

After our MEXC review 2025, we found Binance, Bitget, and OKX as the primary alternatives to MEXC. Here's a more detailed comparison of the exchanges. 

Final Thoughts

Our MEXC review 2025 shows this crypto exchange is more suitable for spot, perpetual futures, and algorithmic traders. It has more than 2900 trading pairs available, with advanced charting tools like TradingView and technical indicators. It also has copy trading, savings and loans, and massive rewards for new users. Our MEXC exchange review shows it has one of the lowest trading fees, especially for spot and futures trading. 

However, this exchange has its limitations. For instance, KYC is mandatory, which means you can use it without verifying your identity. In comparison, exchanges like BYDFi and Tapbit allow users with no identity verification to use their services. Furthermore, there's a lack of basic or lite modes for beginners. 

MEXC Review FAQs

Is MEXC a legitimate and safe crypto exchange?

From our MEXC review 2025, MEXC can be considered a safe and legitimate crypto exchange. To answer the question, “Is MEXC legit,” it has proof of reserves, a futures insurance fund, and stores users' assets in cold and hot wallets. Also, there's 2FA, multi-biometric authentication, and anti-phishing passwords. 

Does MEXC offer fiat-to-crypto trading?

No, during our MEXC crypto review, you can only engage in crypto-to-crypto trading at this exchange. However, you can still buy cryptocurrencies using fiat before trading. 

Does MEXC require KYC verification?

Yes, KYC verification is mandatory at this crypto exchange. We found out during the MEXC global review that you can't access deposits, trading, and other important services without verifying your identity. 

Can you use MEXC in the U.S.? 

No, at the moment, the United States is not among the countries MEXC operates in. This is mainly because of regulatory challenges in the country. 

Where is the MEXC exchange located?

MEXC has its headquarters in Victoria, Seychelles. You can also access the crypto exchange online by visiting their website. 

Can I withdraw funds from MEXC to my bank account?

Yes, our testing during the MEXC exchange review shows that you can withdraw your crypto to your bank account. You can either sell using the MEXC express service or other fiat withdrawal options. 

Is MEXC suitable for beginners?

From our MEXC crypto review, the exchange is not ideal for beginners. They offer demo and copy trading, but there's no lite or basic version. 

Who owns the MEXC exchange?

To answer the question of who owns the MEXC exchange, Ryder Junji founded it. John Chen, a Singaporean businessman, is the company's CEO.