MEXC Review 2025: Fees, Safety & Security Analyzed

MEXC, founded in 2018, has quickly established itself as a prominent cryptocurrency exchange, serving over 10 million users in 170+ countries.

The platform offers a wide range of trading options, including spot, futures, margin, and quantitative trading, catering to novice and experienced traders with tools to navigate the digital asset market.

MEXC’s high-performance trading engine, capable of processing 1.4 million transactions per second, localized language support, and a broad selection of cryptocurrencies, sets it apart.

The exchange’s native token, MX, also provides benefits like fee discounts and participation in new token listings.

Product Offerings: What Is MEXC Exchange All About?

MEXC provides a diverse range of cryptocurrency products and services. The exchange caters to novice and experienced traders with its comprehensive offerings.

Futures

MEXC’s futures trading platform allows you to speculate on cryptocurrency price movements.

You can access perpetual contracts with leverage up to 125x, enabling significant exposure with minimal capital. Popular futures pairs include BTC/USDT, ETH/USDT, and SOL/USDT.

When trading futures on MEXC, you’ll find a user-friendly interface with real-time market data and advanced charting tools. The platform offers both cross and isolated margin modes, giving you flexibility in risk management.

A successful MEXC futures trader recently shared their strategy of using the exchange’s trailing stop feature to lock in profits during volatile market conditions.

This trader achieved consistent gains by carefully managing their position sizes and leveraging MEXC’s risk management tools. To know more about trading leverage, check this guide on how to leverage trade on MEXC.

Spot Trading

MEXC’s spot trading platform provides a straightforward way to buy and sell cryptocurrencies. You can access over 1,500 trading pairs, including popular coins and emerging altcoins.

The exchange offers zero fees on spot trades, making it an attractive option for high-volume traders. This promotion allows you to maximize your profits by eliminating trading costs.

To execute a spot trade on MEXC, select your desired trading pair, enter the amount you wish to buy or sell and place your order. The platform supports market, limit, and stop-limit order types to suit various trading strategies.

Staking

MEXC offers both flexible and locked staking options for a variety of cryptocurrencies. Flexible staking allows you to earn rewards while maintaining the ability to withdraw your funds at any time.

Locked staking typically offers higher yields in exchange for committing your assets for a fixed period. Supported cryptocurrencies for staking include ETH, BTC, ADA, DOT, and many others.

A recent case study of MEXC staking returns showed an annual percentage yield (APY) of 5.2% for ETH and 3.8% for BTC through their flexible staking program.

These rates are competitive with other major exchanges and can provide a steady source of passive income for long-term holders.

NFTs

MEXC’s NFT marketplace allows you to buy, sell, and trade non-fungible tokens. The platform supports various blockchain networks, including Ethereum, Binance Smart Chain, and Solana.

One unique feature of MEXC’s NFT platform is the “Magic Box” initiative, which helps new artists showcase and sell their digital creations.

This program aims to lower the barrier to entry for emerging NFT creators.

Popular NFT collections traded on MEXC include CryptoPunks, Bored Ape Yacht Club, and Azuki.

The marketplace provides detailed information on each NFT, including its rarity score and transaction history, to help you make informed decisions when trading these digital assets.

 

MEXC Supported Coin List

MEXC offers an extensive selection of cryptocurrencies for trading. You’ll find over 2,300 supported coins on the platform, providing a wide range of options for your investment portfolio.

Major cryptocurrencies like Bitcoin, Ethereum, and Litecoin are available on MEXC. You can also trade popular altcoins such as Cardano, Polkadot, and Solana.

For those interested in lesser-known projects, MEXC supports numerous smaller altcoins. These include emerging DeFi tokens, gaming coins, and niche blockchain projects.

The broad coin selection on MEXC gives you flexibility in your trading strategy. You can diversify your holdings across different sectors of the crypto market.

New coins are regularly added to the platform, keeping pace with the evolving cryptocurrency landscape. This allows you to access up-and-coming projects early in their development.

MEXC’s extensive coin list sets it apart from some other exchanges. While platforms like OKX and Binance offer around 300-400 coins, MEXC’s selection is significantly more extensive.

By providing such a comprehensive range of cryptocurrencies, MEXC caters to experienced traders and newcomers exploring the diverse world of digital assets.

 

MEXC Order Types

MEXC offers several order types to suit different trading strategies. The primary order types available are market, limit, and stop orders.

Market orders execute immediately at the current market price. They’re ideal for buying or selling quickly without worrying about the exact cost.

Limit orders let you set a specific price for your trade. Your order will only execute if the market reaches that price. This gives you more control but may take longer to fill.

Stop orders trigger when the market hits a specific price. They can help limit losses or lock in profits automatically.

To place an order on MEXC:

1. Select the trading pair
2. Choose your order type
3. Enter the amount and price (for limit orders)
4. Review and confirm

Here are some scenarios for using different order types:

• Use market orders when prices are moving fast and you need to act quickly
• Place limit orders to buy at a lower price or sell at a higher price than the current market
• Set stop-loss orders to automatically sell if a coin’s price drops below a certain level

MEXC offers advanced order types like trailing stops and OCO (one-cancels-the-other) orders for more sophisticated trading strategies.

 

MEXC’s Liquidation Mechanism

MEXC uses a fair price system to execute liquidations on future positions. This fair price is calculated based on the index and last traded prices rather than relying solely on the market price.

When your account’s margin ratio falls below the maintenance margin requirement, MEXC may forcibly close your positions to prevent further losses. This process aims to protect both traders and the exchange from excessive risk.

You can utilize risk management tools to help avoid liquidation:

• Stop-loss orders: Automatically close positions at a specified price
• Take-profit orders: Lock in gains by closing positions when targets are met

For example, if you open a leveraged long position on BTC/USDT and the price drops sharply, MEXC’s system would calculate your margin ratio.

Your position may be liquidated to cover potential losses if it falls below the required threshold.

It’s crucial to monitor your positions closely and maintain adequate margins. MEXC provides real-time updates on your account status and margin levels to help you manage risk effectively.

Be aware that liquidations can occur rapidly during periods of high volatility. Always use leverage responsibly and consider your risk tolerance when trading on MEXC.

 

MEXC Trading Fees

MEXC offers competitive trading fees compared to many other cryptocurrency exchanges. The base fee for spot trading is 0.2% for both makers and takers.

You can reduce your trading costs using MX tokens, MEXC’s native cryptocurrency. Holding MX tokens in your account provides fee discounts on a tiered basis.

For example, if you trade $10,000 worth of Bitcoin, your base fee would be $20 without any discounts. With MX token discounts, this could potentially be lowered.

MEXC’s fee structure is generally on par with or slightly lower than other major exchanges. Binance, for instance, charges 0.1% for spot trading at the base level.

Futures trading on MEXC has a different fee structure. Maker fees start at 0% and taker fees at 0.02%, which is highly competitive in the crypto derivatives market.

MEXC occasionally runs promotions with 0% trading fees for specific trading pairs or periods. This can provide significant savings for active traders.

Remember to check the current fee schedule on MEXC’s website, as rates may change over time. Always factor in trading fees when calculating your potential profits or losses.

 

MEXC Funding Rates/Fees

MEXC offers competitive funding rates and fees for cryptocurrency trading. The exchange charges 0% maker fees and 0.2% taker fees for spot trading, making it an attractive option for active traders.

For future trading, MEXC will implement a funding rate system. This mechanism helps keep perpetual contract prices in line with spot market prices.

Here’s how funding rates work on MEXC:

• Funding occurs every 8 hours
• Rates can be positive or negative
• Long position holders pay short position holders when the rate is positive, and vice versa

Let’s look at an example:

• Current funding rate: 0.01%
• Your position value: 100,000 USDT
• Funding fee: 100,000 x 0.01% = 10 USDT

If you hold a long position, you’d pay 10 USDT to short position holders.

MEXC’s funding rates are generally in line with industry standards. However, the exchange offers 0% maker fees on futures trading, potentially lowering costs for high-volume traders.

For withdrawals, MEXC charges network fees that vary by cryptocurrency. For instance, Bitcoin withdrawals incur a fee of 0.0003 BTC.

 

MEXC Deposit & Withdrawal Fees

MEXC offers free cryptocurrency deposits, making it easy to fund your account. You can transfer various digital assets to your MEXC wallet without fees.

Withdrawal fees vary depending on the cryptocurrency. For Bitcoin, the cost is 0.0003 BTC per withdrawal. Other coins have specific fees, typically a small percentage or fixed amount of the withdrawn asset.

To deposit funds, navigate to your MEXC wallet and select the desired cryptocurrency. You’ll receive a unique deposit address for that asset. Copy this address and use it to send funds from your external wallet.

Go to your MEXC wallet for withdrawals and choose the ‘Withdraw’ option. Enter the amount you wish to withdraw and the destination address. Double-check all details before confirming.

MEXC supports multiple deposit methods, including:

• Cryptocurrency transfers
• Bank transfers
• Credit/debit cards
• Third-party payment processors

Remember to verify your account to unlock higher withdrawal limits. This process typically involves submitting identification documents and proof of address.

Check the current fee structure before making transactions, as rates may change over time.

 

MEXC Account Types & KYC Tiers & Limits

MEXC offers multiple account types to suit your trading needs. You can access Spot, Futures, Fiat, and Copy Trade accounts.

Spot accounts allow you to buy and sell cryptocurrencies directly.

Futures accounts enable you to trade crypto derivatives with leverage. Fiat accounts let you purchase crypto using traditional currencies.

Copy Trade accounts allow you to replicate the trades of successful traders automatically.

MEXC implements a tiered KYC system with three levels: Unverified, Primary, and Advanced.

Unverified accounts require no KYC and allow daily withdrawals of up to 30 BTC. Primary KYC increases this limit to 80 BTC, while Advanced KYC enables withdrawals of up to 200 BTC daily.

To complete KYC, you must provide personal information and identification documents. The process typically involves submitting a government-issued ID and a selfie for verification.

Higher KYC levels grant you access to additional features and higher withdrawal limits. This can be particularly beneficial if you plan to trade large volumes or require increased account flexibility.

MEXC’s KYC approach offers a balance between accessibility and security. You can start trading with minimal verification but have the option to upgrade your account as your needs grow.

 

MEXC Trading Platform & Tools

MEXC offers a robust trading platform with a user-friendly interface. You’ll find an intuitive layout allowing easy navigation between trading pairs and markets.

The platform supports spot trading, futures, and margin trading. Real-time market data and depth charts are readily available to help inform your trading decisions.

For advanced traders, MEXC provides powerful tools:

• API support for automated trading
• Advanced charting with multiple indicators
• Real-time order book and trade history

MEXC’s charting tools allow you to perform technical analysis. You can apply Moving Averages, RSI, and MACD indicators to spot potential entry and exit points.

The exchange boasts a high-performance trading engine capable of handling 1.4 million transactions per second. This ensures quick order execution and minimal slippage during volatile market conditions.

To enhance your trading experience, MEXC offers:

• Copy trading feature
• Customizable trading interface
• Mobile app for trading on-the-go

MEXC provides educational resources to help you understand market trends and improve your trading strategies. These include articles, video tutorials, and market analysis reports.

Always practice proper risk management when using leverage or trading futures on the platform.

 

MEXC Insurance Fund

MEXC employs an insurance fund to safeguard user interests during liquidation processes. This fund acts as a safety net, covering bankruptcy losses when a position’s losses exceed the available margin.

The insurance fund grows through surpluses generated during liquidations. This mechanism helps ensure the smooth operation of the platform and protects users from unexpected market volatility.

You can rest assured that your assets have additional protection on MEXC. The exchange’s commitment to user security is evident in the implementation of this fund.

While specific examples of the fund’s usage are not publicly available, its presence demonstrates MEXC’s proactive approach to risk management.

Many top cryptocurrency exchanges maintain similar insurance funds. However, the exact size and utilization of these funds can vary between platforms.

MEXC’s insurance fund contributes to the exchange’s overall stability and reliability. As a user, you benefit from this added security measure without any additional costs or actions required.

Remember to consider the insurance fund as one of many factors when choosing a cryptocurrency exchange. It’s a valuable feature that enhances your trading experience on MEXC.

 

MEXC Deposit Methods

MEXC offers multiple deposit options to suit your trading needs. You can fund your account using cryptocurrencies or fiat currencies through peer-to-peer (P2P) trading.

MEXC supports a wide range of blockchains for crypto deposits. You can transfer assets like Bitcoin, Ethereum, BNB, Polygon, Avalanche, and Solana directly to your MEXC wallet.

To deposit crypto, navigate to your account’s “Deposit” section. Select your desired cryptocurrency and network, then send funds to the provided wallet address.

Always double-check the address before confirming transactions.

For fiat deposits, MEXC utilizes P2P trading. This method lets you buy crypto directly from other users using your preferred local currency and payment method.

To use P2P trading, go to the “Buy Crypto” section and choose “P2P Trading.” Select your desired cryptocurrency, fiat currency, and payment method.

Browse available offers and complete the transaction with your chosen seller.

Consider fees, processing times, and convenience when deciding on a deposit method. Crypto deposits are often faster and have lower costs, while P2P trading offers more flexibility for fiat currencies.

Remember to verify all transaction details and follow MEXC’s security guidelines when making deposits. This ensures a smooth and secure funding process for your trading activities.

 

MEXC Security Features

MEXC prioritizes the safety of your digital assets through robust security measures. The exchange implements two-factor authentication (2FA) to protect your account from unauthorized access.

Cold storage is a critical component of MEXC’s security strategy. The platform stores 98% of user funds in offline cold wallets, significantly reducing the risk of theft or hacking attempts.

Dynamic encryption adds an extra layer of protection to your sensitive information. This advanced technology helps safeguard your data as it moves between your device and MEXC’s servers.

MEXC has undergone security audits to verify the effectiveness of its protocols.

While specific details of past audits are not publicly available, the exchange strongly focuses on continually improving its security infrastructure.

User feedback generally indicates satisfaction with MEXC’s security measures.

Many traders appreciate the peace of mind provided by the platform’s comprehensive approach to protecting their assets.

To enhance your account security on MEXC:

• Enable 2FA immediately after registration
• Use a robust and unique password
• Be cautious of phishing attempts
• Regularly monitor your account activity

By following these best practices and utilizing MEXC’s security features, you can trade with greater confidence on the platform.

 

MEXC Customer Support

MEXC offers 24/7 customer support through multiple channels. You can reach their team via live chat or email or by submitting a support ticket.

The exchange provides multi-lingual assistance to cater to its global user base. This allows you to get help in your preferred language.

Many users report positive experiences with MEXC’s customer service. They praise the quick response times and helpful nature of the support staff.

However, some customers have faced challenges.

A few reviews mention difficulties with account freezes and risk control measures. Support may direct you to FAQs or general information pages in these cases.

If you encounter an issue, here’s a typical resolution process:

1. Contact support via live chat or email
2. Clearly explain your problem
3. Provide any relevant account details or transaction IDs
4. Follow the support agent’s instructions
5. If needed, submit additional documentation

MEXC also maintains a comprehensive Help Center on its website. You can find answers to common questions and troubleshooting guides there.

For complex issues, you may need to open a support ticket. This allows for more detailed follow-up and resolution.

 

Is MEXC a Legal & Safe Platform?

MEXC holds compliance licenses in 5 countries, demonstrating a commitment to operating within regulatory frameworks. This global presence helps establish MEXC as a legitimate exchange in multiple jurisdictions.

User trust scores and security ratings for MEXC are generally positive. The platform caters to over 6 million users across 70+ countries, indicating significant user confidence.

MEXC employs industry-standard security measures to protect user assets and data. These include:

• Two-factor authentication (2FA)
• Cold storage for the majority of funds
• Regular security audits

You can trade on MEXC without completing KYC verification, with a withdrawal limit of 10 BTC. However, completing KYC increases your limit to 80 BTC and enhances account security.

MEXC has shown responsiveness to regulatory inquiries. For example, they’ve adjusted operations in certain regions to comply with local laws. This proactive approach to compliance helps build trust with users and regulators alike.

While MEXC prioritizes security and compliance, exercising caution when using any cryptocurrency exchange is essential.

Always use strong passwords, enable 2FA, and only invest what you can afford to lose.

 

Conclusion

In conclusion, MEXC emerges as a comprehensive cryptocurrency exchange with an extensive selection of over 1,500 coins and a low-fee structure, making it attractive to beginners and experienced traders.

The platform’s advanced features, such as margin trading and quantitative tools, cater to sophisticated investors, though the vast array of options may initially seem overwhelming to newcomers.

MEXC stands out for its wide range of assets, surpassing many popular U.S. exchanges, and its native MX token provides additional benefits.

Its competitive fees and diverse offerings make it a flexible platform that can grow with your trading skills.

While MEXC offers numerous advantages, conducting thorough research and considering your specific trading needs before committing to the platform is essential.

Overall, MEXC delivers a positive user experience with a high-performance platform, but as with any crypto exchange, it’s crucial to stay vigilant about security and utilize available protection measures. To know more about the exchange, check this MEXC tutorial.

Check how MEXC stands up against its competition:

• MEXC vs Bybit
• MEXC vs KuCoin
• BingX vs MEXC
• Phemex vs MEXC