MEXC Review 2025 - Security, Fees, and Features

Ihssan El Medkouri

Verified by Tsvetomir Koychev

Last updated

December 10, 2025 04:01 EST

22min read

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In this MEXC review, we’ll cover the exchange’s products and services, fees, features, and supported payment methods. You’ll learn where MEXC excels and where it could improve. We’ll also compare MEXC with other platforms to help you make an informed decision.

MEXC is a popular crypto exchange that supports over 1,900+ coins and tokens and over 2,800 trading pairs. What makes this platform stand out is its hybrid CEX/DEX service, DEX+, which combines the liquidity of centralized exchanges with the flexibility of decentralized ones.

Our review was based on hands-on testing. We didn’t rely just on other people’s experiences; instead, we created an account on MEXC to explore its features ourselves and create an unbiased review. With that in mind, here’s all you need to know about MEXC:

MEXC Review: Pros and Cons

The first thing that impressed us about MEXC was its wide range of supported cryptos, ensuring you can find top coins across various categories, such as memes, AI, Layer 1, and more. In addition to trading, you can also take advantage of the platform’s flexible and fixed crypto staking options to earn up to 400% APR, or participate in its events, such as Launchpool, Airdrop+, and Kickstarter, to benefit from new crypto projects.

MEXC also lets you use leverage up to 500x on USDT-M perpetual futures, making the platform ideal for high-risk/high-reward trading strategies. Holders of its native token, $MX, pay lower spot and futures fees, while beginners can test their skills using MEXC’s demo account.

On the flipside, while MEXC offers multiple benefits, there are a few areas it needs to improve. First of all, the exchange offers limited fiat withdrawals. Moreover, SEPA transfers are not available in all European countries. We also found MEXC’s customer support relatively slow, which is a noteworthy issue when money is involved. And finally, MEXC faces regulatory issues in several countries, which causes concern about its reliability.

Pros

• 2,080+ cons available across 3,000+ trading pairs
• Flexible and fixed staking options with up to 400% APR
• Up to 500x leverage on perpetual futures
• Yield farming opportunities
• Strong security measures

Cons

• Limited fiat support
• Occasionally slow customer service
• Regulatory issues in several countries

Visit MEXC

What is MEXC?

Established in 2018, MEXC is a Seychelles-based centralized cryptocurrency exchange (CEX) that caters to over 40 million users worldwide with localized language support. With a daily trading volume of nearly $5 billion, the exchange provides deep liquidity to both spot and futures traders and is currently the ninth-largest crypto exchange worldwide. In addition, MEXC’s Know Your Customer (KYC) verification isn’t mandatory, which makes it one of the best anonymous crypto exchanges on the market.

But is MEXC safe? What features does it offer, and is it the right exchange for you? Read on as we dissect the platform’s products, services, and reliability:

An Overview of the MEXC Exchange

In case you’re short on time, here’s a concise overview of MEXC’s offerings:

Is MEXC Safe and Trustworthy?

When looking at the trustworthiness of any platform, it’s crucial to start with its location. So, where is the MEXC exchange located? It’s registered and headquartered in Seychelles, which is known for its less stringent financial regulations. In 2020, the platform obtained a financial service license issued by the AUSTRAC, which allows it to conduct digital currency exchange, wallet, and remittance services. MEXC also has an Estonian MTR license to serve European clients, plus an MSB license in the US. The latter, however, still isn’t enough to allow operations in the US, as the platform faces regulatory restrictions in the country.

When it comes to security, MEXC utilizes two-factor authentication (2FA), anti-phishing codes, and other security features. For example, MEXC has implemented a risk control system that will temporarily freeze accounts in cases of market manipulation or improper trading behavior. You can also enable the whitelist feature, which will allow you to withdraw your funds only to addresses on the whitelist.

At the same time, you can protect your assets with the help of its insurance fund. Namely, if losses from your position exceed the margin, the insurance fund will cover any additional liquidation losses. MEXC combines cold storage and hot wallet strategies to keep your funds safe and prevent cyberattacks. This platform is also partnered with Elliptic, LSEG, Sumsub, and Fireblocks.

However, amidst the changing crypto regulatory landscape, MEXC has received several warnings from authorities. In 2023, the British Columbia Securities Commission (BCSC) in Canada, the Austrian Financial Market Authority (FMA), and Germany’s Federal Financial Supervisory Authority (BaFin) issued warnings against the platform. Additionally, in November 2023, the Estonian FIU revoked MEXC Estonia OÜ’s license.

MEXC Supported Coins and Trading Pairs

MEXC currency tops the list of crypto exchanges with the most coins, offering a wide range of cryptocurrencies available for trading and investing. Its total crypto count is over 1,900, with more than 2,800 trading pairs. MEXC excels in this area compared to other popular platforms, such as Binance, Bybit, and Uphold, which support a much smaller number of coins.

That said, MEXC supports major coins, like Bitcoin, Ethereum, Ripple, and Solana, as well as popular memecoins, like Pepe, Dogecoin, and Moo Deng. You can also invest in AI agent tokens, like AIXBT and VIRTUAL, which are currently enjoying great popularity.

With more than $4.5 billion in trading volume, MEXC provides deep liquidity, making it easier for traders to find the best prices and execute trades quickly.

MEXC Key Features

Now that you have a general understanding of what MEXC exchange offers, let’s dive deeper into its trading tools and services:

MEXC Spot Trading

MEXC’s spot market is vast and diverse, comprising categories like BRC20, Bitcoin ecosystem, Solana ecosystem, Bitcoin inscription, meme coins, GameFi, ZK, Real-World Assets (RWA), SocialFi, POW, Web3, privacy, metaverse, innovation, Layer 1, Base Chain, stablecoins, NFTs, and more.

You can trade 2,800+ spot pairs, including popular pairs like BTC/USDT and ETH/USDT, and new pairs, like PKAM/USDT and HUMA/USDT.

The exchange also has a native token, $MX, which hit an all-time high of $5.85 in early April 2024. MEXC uses 40% of its profits to buy back and burn its exchange token, which is used across its other programs, such as Kickstarter and Launchpad, as well as for fee discounts, new token listing voting, and higher commission ratios. $MX token holders also get up to a 50% discount on spot trading fees.

MEXC Futures

Based on our research, MEXC is one of the best crypto futures trading platforms, supporting 760+ futures trading pairs and 117 zero-fee trading pairs. You can trade USDT-M futures, Coin-M futures, and USCD-M futures for 0% maker and 0.020% taker fees. Furthermore, depositing $MX tokens (the exchange’s native coin) into your futures account will grant you a 20% fee discount. However, you’ll need to hold at least 500 $MX tokens to qualify.

What impressed us the most was its flexible trading rules. On that note, you can adjust the leverage up to 500x on USDT-M perpetual futures and up to 200x on Coin-M perpetual futures, which makes MEXC suitable for experienced traders with a high risk appetite. In addition to that, you can take advantage of its hedge mode to hold both long and short positions at the same time. MEXC also offers low slippage for futures sell orders of $1 million and $5 million.

On MEXC, you can receive up-to-the-minute information on futures trades and position status, alongside insights on long/short balance and liquidation events.

Copy Trading

At MEXC, you can copy the trades of other successful traders. You simply pick the trader you want to copy based on their performance. The platform provides a big list of professional traders with their respective 7-Day ROI, 7-Day PNL, 7-Day Win Rate, Total ROI, Total PNL, Total Win Rate, and Number of Followers to make it easy for you to make your choice.

While users can benefit from the experience and success of other traders via the Copy Trading feature, by allowing others to copy their trades, traders can earn up to 15% of their followers’ profits.

MEXC DEX+

MEXC DEX+ is a platform that combines the convenience of CEXs with the flexibility of DEXs. This platform is designed to facilitate on-chain trading. Its DEX aggregator extracts liquidity from multiple decentralized exchanges, such as Raydium, Pumpfun, and Pancake, to enable you to get the best rates for your swaps.

On that note, you can swap 10,000 tokens on multiple blockchains, from Solana to BNB Chain, without the need for a Web3 wallet, which qualified MEXC among our top picks for the best decentralized exchanges. However, if you wish, you can log in via external Web3 wallets, like MetaMask, Trust Wallet, Phantom, and TronLink.

We created accounts on MEXC and MEXC DEX+ to assess their performance in spot and futures trading, as well as on-chain swaps. We noticed that these accounts operate independently. This means that your trading activities on one account will not affect your other account, which is a big plus. However, we also believe that holding two accounts can be confusing for beginners.

Meme+ Trading Zone

Meme+ Trading Zone is a platform tailored for crypto degens, i.e., traders who are into investing in high-risk, high-return meme coins. This platform will enable you to trade popular on-chain memes on SOL, BASE, BSC, ETH, BERACHAIN, and TRX, as well as early-stage tokens with high potential. Moreover, the Meme+ Trading Zone uses order books to reduce slippage and increase liquidity.

To gain access to the Meme+ Trading Zone, you need to open the MEXC app, click on the Meme+ icon, select Meme+ Trading Zone, and choose a project from the list.

After testing this platform, we can confirm that Meme+ Trading Zone is a solid choice for crypto enthusiasts. It features an intuitive interface and provides access to potentially profitable meme coins. Although its list of new tokens is somewhat limited (under 100) for now, this platform shows great potential.

Demo Trading

MEXC enables you to simulate futures trading through its free demo account. Demo trading simulates real-life futures trading without risking real assets, allowing you to get the hang of the product, exchange, and market. You can get up to 50,000 USDT, 10 BTC, and 100 ETH in the form of virtual funds that you’ll be able to reclaim every day. Keep in mind that the demo trading account is limited to futures, so you won’t be able to use it to practice spot trading.

AI Tools

In August 2025, MEXC launched several AI-powered tools to help you gain better market insights with minimal effort.

Some of the top new tools include:

• AI Select List – A curated list of high-potential tokens, based on AI analysis
• AI News Radar – Aggregates information from social media, news outlets, and on-chain data to give you actionable insights
• AI Bot Assistant – A trading advisor/chatbot that can do market analysis and provide in-depth explanations to crypto-related questions

MEXC Staking

If you’re looking for yield-earning opportunities, MEXC has got you covered. You can use this platform to stake over 20 coins for a fixed and flexible duration. The APR ranges from 0.4% to 100%, depending on the token and the staking duration. For example, you can earn an APR of up to 100% if you stake SOON for a fixed period of five days. The same rule applies to staking TGT. However, you’ll have to stake it for seven days.

Tokens that come with fixed staking terms include:

• USDT (1 day)
• BTC (1 day)
• ETH (1 day)
• HYDRA (1 day)
• TON (3 days)
• SOON (3 or 5 days)
• USD1 (3 days)
• USDC (1 or 3 days)
• RABI (3 of 7 days)
• TGT (5 or 7 days)
• DOT (30 days)

Coins that come with flexible staking terms include:

• ETHW
• TRX
• SHIB
• DOGE
• XEN
• STARL
• RACA
• GALA
• DYDX
• CORE
• XRP
• USDE

Cryptos like USDC, USDT, BTC, and ETH come with both fixed and flexible staking terms. However, during the staking events, new users will be able to earn higher APRs (up to 400%) by staking certain tokens.

Furthermore, the exchange’s new product, MEXC Loan, allows you to collateralize one cryptocurrency to borrow another for trading or investing. Currently, you can borrow about USDT against TON for a 0.01% daily interest. You have the option to choose among three time periods (30, 60, or 90 days), with no partial repayments allowed.

Futures Earn

On October 7, 2025, MEXC introduced the innovative Futures Earn feature. This allows you to earn up to 15% APY on the stablecoins you hold in your futures account. Rewards are distributed daily, and the currently supported stables are USDT, USDC, and USDE.

The APY depends on the amount held (e.g., >100,0000 for 15%) and there’s no lock-up period, so you can use or withdraw your coins at any time.

MEXC Bonuses & Competitions

If you decide to create an account on MEXC, you’ll earn a sign-up bonus (currently $10), while both new and established users can participate in various spot and future events. For example, you can win free tokens by participating in Kickstarter events, deposit and trading challenges, and futures events.

To qualify for Kickstarter events, you need to complete at least one futures trade and hold a minimum of 25 $MX tokens for 24 consecutive hours before the start of the event. What we like the most is MEXC’s Traders’ Fest. During this event, you’ll get to trade 100 spot and futures trading pairs for zero fees, which will enable you to boost your potential profits.

MEXC Fees

To compete in the fast-moving and highly competitive crypto market, MEXC has kept its trading fees considerably low. Both the maker and taker fees for spot and futures trading pairs stand at zero, while taker fees amount to 0.050% for spot and 0.020% for futures trading pairs. However, you can get up to a 50% discount on your spot and futures trading fees if you hold over 500 $MX tokens for 24 consecutive hours. You can also get a 20% fee discount if you deposit $MX tokens into your futures account.

In comparison, the largest crypto exchange, Binance, charges a 0.1% maker and taker fee to its regular customers. While the platform offers discounted fees via its native token, BNB, its users still incur a fee of 0.075%. Meanwhile, Coinbase imposes an even higher fee rate. The maker fees range from 0.00% to 0.40%, while the taker ones are from 0.05% to 0.60%. Hence, MEXC users are clearly at an advantage here.

MEXC Mobile App User Experience

MEXC is a multi-platform exchange that allows you to trade tokens on the go through its mobile app. The app is available on iOS and Android for mobile devices, while its desktop app is supported for Windows.

If you’re an Apple user (iOS 13.0 or later), you can download the app from the App Store, where the MEXC app has a rating of 4.6. On the other hand, if you use Android, you can download the app from Google Play, where it has a 4.6 rating. During our MEXC app review, we found that the MEXC application is pretty clear and intuitive, with both dark and light modes available for users to choose from. On the app, you can easily choose to trade spots and futures, slide your leverage, and open long or short positions by simply clicking on buttons and then filling in the required details.

Moreover, Home, Markets, Trade, Futures, and Wallets options are available at the bottom of the page for easy access. Through this all-in-one digital services platform, you can manage your portfolio easily while enjoying high execution speeds and low fees. Here, you can instantly buy USDT with Visa and Mastercard, or purchase crypto via peer-to-peer (P2P) and third-party transactions. You can further try its Launchpad, Kickstarter, PoS pool, MX zone, and other services on the MEXC app.

On the downside, we noticed that the app lags during high-volume trading periods. It also consumes a significant amount of battery. However, we managed to fix this problem by disabling in-app notifications.

What Payment Methods Does MEXC Offer?

MEXC will allow you to buy crypto via credit cards (Visa and MasterCard), bank accounts (SEPA), its P2P service, and third-party providers. Due to its high liquidity, MEXC is also considered to be one of the best PayPal crypto exchanges for spot trading. You can use its Quick Buy/Sell option to purchase BTC, ETH, USDT, USDC, DOGE, TRX, XRP, LTC, ACG, and MX using 30+ fiat currencies, such as USD, EUR, and GBP.

MEXC supports P2P trades with zero fees. You simply have to choose the desired price and payment method, pay the seller, and receive your crypto.

Third-party payments are supported by Mercuryo, Banxa, and MoonPay via Visa, Mastercard, Apple Pay, Google Pay, Bankcard, and PayPal. This option offers various fiat currencies like EUR, GBP, USD, VND, BRL, KRW, JPY, and many more

If you want to buy crypto via bank transfers (SEPA), you’ll first need to complete your advanced KYC. Moreover, SEPA is not supported in all European countries, but only in 30 of them, such as Belgium, Denmark, France, Germany, Hungary, Ireland, Italy, and Spain.

Minimum Deposit

MEXC doesn’t charge deposit fees. However, if you make a deposit through a third-party provider, you’ll have to meet the minimum purchase requirements. For example, the minimum deposit requirement to buy USDT with USD is $30. On the other hand, if you use the Quick Buy option, the minimum amount to buy USDT will stand at 10 EUR, 10 GBP, and 10 USD.

Withdrawal Times

You can withdraw both fiat and crypto from MEXC. Crypto withdrawals can be made to an external wallet, and fiat withdrawals can be made via P2P. However, bank transfer withdrawals are available only via SEPA for KYC-verified users in European countries, such as Belgium, Finland, France, Germany, Greece, Hungary, and Sweden. Meanwhile, P2P selling is available for KYC-verified users in Vietnam, South Korea, and Russia.

To make crypto withdrawals, visit the website, go to MEXC Wallet, select withdrawal, choose your crypto, fill in the withdrawal address, select the network, and input the withdrawal amount. After successfully entering the email verification and Google Authenticator codes, the withdrawal will be processed. The minimal withdrawal amount and fees differ for each coin.

Does MEXC Require KYC?

You’ll be able to create an account and trade cryptocurrencies on MEXC without completing KYC verification. However, you won’t have access to all features and benefits. MEXC offers two types of KYC verification: Primary and Advanced. The former includes submitting basic personal information (name, ID number, date of birth), while the latter includes submitting advanced personal information and complete facial recognition.

KYC-verified users can increase their withdrawal limits and participate in token launchpads, airdrops, and staking. For example, the 24-hour withdrawal limit for non-KYC users is 10 BTC, while this limit for primary and advanced KYC users is 80 BTC and 200 BTC, respectively. KYC verification will also give you access to OTC transactions, recover a lost or hacked account, and use fiat for P2P trading. As mentioned before, if you want to buy crypto via bank transfers, like SEPA, you’ll have to complete an advanced KYC verification.

MEXC Customer Service and User Reviews

Customer support at MEXC is available through various channels. You can explore its extensive Help Center, where you’ll find answers to most of your queries, ranging from platform usage, security, OTC, updates, and related information. If you wish to connect to a human for your questions, you can submit an inquiry or email them at [email protected]. Online support is also available via chatbot. Additionally, MEXC provides a form for reporting abnormal funds, which is for those who believe their stolen or defrauded funds have ended up at the exchange.

MEXC also maintains a presence on social media via Telegram, Twitter, Facebook, Instagram, YouTube, Reddit, Discord, TikTok, Line, LinkedIn, Medium, and TeleType. In terms of customer satisfaction, it has a rating of 1.8 on Trustpilot, with complaints regarding slow customer support and frozen user funds due to false alerts from the exchange’s automated threat detection system.

However, MEXC does have a trust score of 10 out of 10 on CoinGecko, which is based on the exchange’s volume, liquidity depth, cybersecurity score, and more.

To check if its rating matches its service, we tested MEXC’s customer support. The first thing we noticed when we used its live chat option was that you need to enter your email address to speak with its customer team. This means that only MEXC users have access to support. We also noticed that their support team responds slowly and their responses can be very generic. On a positive note, MEXC’s official Telegram channel has nearly 200,000 members who are often quick to respond to users’ questions.

To conclude, MEXC’s customer support should improve in several areas, starting with response time. Although MEXC offers useful resources and has a large and active Telegram community, it cannot replace a professional and reliable customer support team.

How Does MEXC Compare Against Other Top Exchanges?

To make our MEXC review as detailed as possible, we compared this platform with its main rivals, Binance, Bybit, and Uphold. What you’ll notice at first glance is the huge difference in the number of supported coins. MEXC supports over 1,900 coins, while Bybit, Binance, and Uphold support fewer than 1,000. On the other hand, all four exchanges support crypto and fiat deposits. However, their trading fees differ significantly.

On that note, MEXC is one of the lowest-fee crypto exchanges. You can trade spot and futures pairs for 0% maker fees, while Binance and Bybit charge 0.1%. All four platforms support spot trading; however, you’ll only be able to trade derivatives on MEXC, Binance, and Bybit. Uphold is one of the best US-based crypto exchanges, as it’s available in all states (except New York), whereas MEXC, Binance, and Bybit are not available in the U.S.

Here’s how these exchanges differ:

MEXC Review Conclusion: Is It a Good Option in 2025?

With so many cryptocurrency exchanges out there, it’s pretty difficult to find a platform that allows you to trade trending altcoins and new narratives while offering leverage to maximize your positions, but at a low fee. This is exactly where MEXC excels, offering new traders the opportunity to capitalize on altcoin volatility and copy-trade other professionals, while providing experienced traders with high leverage and the ability to earn rewards by leveraging their expertise.

On top of it all, MEXC users can also stake stablecoins, BTC, ETH, and other altcoins to earn yield. So, if you want to try the most exclusive opportunities offered in the crypto sector, sign up for MEXC and earn a 1000 USDT bonus!

MEXC FAQs

Ihssan El Medkouri

SEO Content Editor

Ihssan is a dedicated Content Editor at Cryptonews, where she excels in producing well-researched, insightful content. She has made notable contributions to the cryptocurrency industry, including writing and editing comprehensive cryptocurrency whitepapers, creating engaging token presentations, and playing a key role in the launch of new currencies.

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