About MEXC

MEXC is a centralized cryptocurrency exchange founded in 2018 that focuses on fast listings and diverse features, letting users trade spot markets and perpetual futures from one account, alongside built-in programs like MEXC Earn, Launchpad, Kickstarter (airdrop-style events), and Copy Trade, plus tools like Pre-Market trading for early access listings.

CoinMarketCap reports MEXC is the ninth-largest exchange globally with 40+ million users across 170+ countries and support for 3,000+ assets, positioning it as a high-coverage venue for altcoin hunters and active traders rather than a simple buy and hold investor. 

MEXC Features

MEXC is built for people who actually trade. When we run through the platform, the pattern is clear: big market coverage on spot, a heavy futures stack, and a bunch of growth products (Launchpad/Kickstarter) that keep active users in the app instead of sending them elsewhere.

The upside is flexibility and lots of instruments in one place. The downside is you can get yourself into trouble fast if you treat leverage and high-volatility listings casually.

Trading Types

MEXC covers the full ladder from basic spot orders to leveraged derivatives, so you can start simple and move up only when your execution and risk rules are tight.

• Spot trading: Standard order book trading across a very large coin list (MEXC markets 3,000+ coins on its homepage).
• Spot margin trading: Borrowing against collateral to increase spot exposure. If you use it, we recommend treating it like futures-lite: position size small, exits planned, and avoid holding marginal positions during high-volatility windows.
• Perpetual futures: MEXC’s futures product is perpetual-focused and marketed with up to 500x leverage, which is exactly why it’s dangerous for newer traders.
• Margin modes and collateral types: MEXC describes futures as having stablecoin (USDT/USDC) and Coin-M setups, which matters because your collateral currency changes your P&L and liquidation behaviour.
• Futures order types: MEXC lists futures order types including Limit, Market, Trigger, Trailing Stop, and Post Only.
• Leveraged ETF products: MEXC also runs leveraged ETF-style products (a packaged leveraged exposure format).
• Demo trading (futures): MEXC publishes a demo trading guide for futures where you can practice leverage changes and stop-loss placement before going live.

Earn Options

MEXC’s yield and event products are built to keep idle balances working, but the risk profile varies a lot. Some are straightforward, others require specific lock-up periods.

• MEXC Earn: The Earn hub includes categories like “Hold and Earn” and “Futures Earn,” with rates up to 600% APR offered, however, these terms change per coin and campaign.
• Launchpad: MEXC positions Launchpad as a token issuance/subscription platform where participation rules depend on the event pool and supported tokens. If you do these, we would only commit what you’re comfortable holding through the full event window.
• Kickstarter: Kickstarter is a pre-listing event format where users can commit MX (the exchange’s native token) to support projects and earn allocations.
• Crypto loans: MEXC has a loans product that lets you collateralize one asset to borrow another.
• Airdrop+: The Airdrop+ page is a task-based rewards hub where you earn project token airdrops (and sometimes futures bonus vouchers) by doing simple actions like registering, depositing, or hitting spot/futures volume targets tied to new listings.

Additional Services

Beyond the core exchange, MEXC leans into tools that make execution faster, automate strategies, and copy futures traders.

• MX Token (MX): This is MEXC’s native token, and in day-to-day use it mainly matters for fee cuts and event access. It’s also the access key for platform events like Kickstarter and can be used in Launchpad subscriptions depending on the pool rules.
• MX Zone: This is MEXC’s in-house learning and update hub. MX Zone is a feed of platform guides, token explainers, and event-focused posts (including MX-related program writeups), meant to keep you current on what MEXC is pushing week to week. 
• Trading bots: MEXC offers bot tooling including a Futures Grid bot and spot DCA-style automation. Bots don’t remove risk, they just execute faster than you can.
• Copy Trade (futures): MEXC Copy Trade is positioned as a follow-and-mirror feature where follower orders are placed when the lead trader opens positions; the platform explains the concept and how to access it under the Futures menu.
• Convert (instant swaps): MEXC Convert is built for quick swaps without using the order book, and MEXC also documents Limit Convert for preset-price conversions.
• P2P trading: MEXC runs a P2P desk for buying/selling crypto using local payment methods, with guides describing how P2P works and the platform’s escrow-style protections. 

MEXC User Reviews

Across review sites, we see two very different reactions: mobile app users rate MEXC strongly for token coverage, trading tools, and speed, while complaint-heavy sites concentrate on withdrawal holds, account checks, and slow support when something breaks.

Here is a quick summary of the exchange’s ratings and reviews:

• Trustpilot: 1.6/5 from ~1K reviews. The recurring theme is money-out anxiety, people describe withdrawals taking longer than expected, extra checks kicking in late, and accounts being put into risk or verification review at the moment they try to move funds.
• Apple Store: 4.7/5 from 7.3K ratings. By contrast, the Apple Store review pages include many comments praising the app’s speed, ease of use, large token selection, and feature depth, which is exactly the stuff you notice when you’re actively trading inside the app.
• Google Play: 4.8/5 from 250K reviews, 10M+ downloads. The reviews on the Google Play Store are similar to what the Apple App Store users mentioned.

The takeaway: In our experience, MEXC’s in-app trading experience reviews far better than its complaint profile around withdrawals and dispute resolution.

Is MEXC Safe?

MEXC feels safest when you use it for trading and not storage. In our testing, the right mindset is get in, trade, and get out. Lock down 2FA/passkeys, whitelist withdrawals, and keep long-term holdings off-exchange. 

The exchange publishes Proof of Reserves and positions it as a 1:1 backing program you can verify, which is a helpful transparency layer, but it doesn’t remove trading risk, counterparty risk, or the reality that withdrawals can be delayed by risk controls.

Account Safety Measures

These are the controls we’d turn on first, because they block the most common failure modes (phishing, SIM swaps, stolen sessions, and “new address → drain” attempts):

• Two-factor authentication (2FA): MEXC recommends authenticator-based 2FA (Google Authenticator style) and stresses keeping the reset key safe.
• Passkeys (FIDO-style): MEXC supports passkeys, including using a passkey flow to confirm withdrawals on web (biometrics or device lock).
• Anti-phishing code: You can set a custom code that appears in official communications so fake emails are easier to spot (menu path shown in MEXC’s fraud-prevention help: Profile → Security → Anti-Phishing Code).
• Device and login history checks: MEXC points users to review device login history and remove unfamiliar devices, plus freeze the account if logins look wrong.
• 24-hour withdrawal freeze after security changes: MEXC notes that changing certain security settings can trigger an automatic 24-hour withdrawal freeze as a safeguard, annoying when you’re in a hurry, but it’s there to slow down account takeovers.

Asset Protection

• Proof of Reserves: MEXC maintains a PoR page and a transparency landing page describing 1:1 reserve backing. It also says its reserve data has been public since January 2023 and that PoR reports have been released on a regular cadence, with plans to move to more frequent disclosures.
• User protection fund: MEXC announced a $100M user protection fund in 2025 (coverage reported by Cointelegraph).

Security History

We’re not going to pretend every negative user story is evidence of a breach. What I watch for are confirmed platform-wide incidents and how the exchange communicates.

• April 15, 2025 AWS outage: Multiple exchanges, including MEXC, were hit by an Amazon Web Services outage in Tokyo. Reuters reported MEXC warned users about abnormal charts, failed order cancellations, and delayed transfers, while stating assets were secure and that it would prepare a compensation plan for platform-related losses.

We recommend locking your account (2FA + passkey + anti-phishing code), fund with a small amount first, do a test withdrawal, and only then scale.

Is MEXC regulated?

MEXC’s regulatory posture is jurisdiction-specific and must be assessed based on your country of residence, the contracting entity referenced in MEXC’s legal documents, and the specific service you intend to use. 

In our due-diligence process, we treat the MEXC brand name as marketing and anchor everything on the contractual terms and the applicable regulator record for that entity.

Here’s what we can verify from primary sources today:

• Estonia/Europe: MEXC Estonia OÜ (Reg. No. 14832615) is a licensed virtual asset service provider registered in Estonia. It operates under the supervision of the Estonian Financial Intelligence Unit (FIU).
• Restricted/prohibited regions: MEXC publishes a prohibited countries/regions list that includes places like the United States, Canada, Singapore, Hong Kong, and others where it says it does not accept registrations or provide services.
• Australia: The Australian Securities and Investments Commission investor alert list flags MEXC Global as unlicensed in Australia and warns consumers to be wary.
• Seychelles: The Financial Services Authority of Seychelles published a statement concerning MEXC Global Ltd, stating it was dissolved and that it does not and has not held authorisation under Seychelles’ Virtual Asset Service Providers Act.

MEXC Fee Schedule

When we assess MEXC’s costs, we break them into two buckets: trading fees (maker/taker on spot and perpetual futures) and non-trading costs (withdrawal network fees, funding, and any third-party payment charges). 

MEXC also runs frequent zero fee promotions, so the only numbers that matter are the ones shown on the specific trading page/order ticket you’re using at the moment.

Spot Fees

• Spot fees: MEXC’s published spot rate is 0.0000% maker and 0.0500% taker.
• Zero spot promos: MEXC announced 0% maker + 0% taker on all spot pairs (promo terms can vary by eligibility and pair).
• MX discounts: MEXC promotes fee reductions tied to holding MX and/or using MX for fee deductions, with terms that can differ by account eligibility and pair.

Perpetual Futures Fees

• Perpetual futures fees: MEXC’s published futures rate is 0.010% maker and 0.040% taker.
• Zero futures promos: MEXC has also announced zero fee on selected futures/regions and categories (terms vary).

Deposits, Withdrawals & P2P

• Crypto deposits: Generally free on the MEXC side (network fees exist on-chain, but that’s the chain, not MEXC).
• Withdrawals: MEXC says withdrawal fees are network-determined and the “real-time fee rate” is shown on the withdrawal page; internal transfers to another MEXC user are described as free.
• P2P: MEXC states 0 platform fees for P2P, while your payment provider may still charge fees.
• Fiat/card rails: Fiat purchases are typically handled through third-party providers, and MEXC’s own materials describe provider fees that can land in the 3-5% range depending on method/region.

eToro charges 1% when you buy and sell crypto (plus spreads), which is a different fee model than an order book. Kraken lists a 1% fee for its Instant Buy/Sell style flow. Comparatively, MEXC offers some of the lowest fees in the industry. 

‍What is MEXC Card?

The MEXC Ether.fi Card is a co-branded spend card tied to ether.fi Cash, designed to let you spend against a crypto-backed balance while earning crypto cashback on eligible purchases.

On the MEXC card page and announcement, the positioning is consistent: Apple Pay + Google Pay support, global acceptance where Visa is accepted, automatic cashback credited after each purchase, and “on-chain control” messaging that frames the product as non-custodial.

How it works in practice:

• Spend against your ether.fi crypto balance: The card is marketed as spending “with Cash,” using your ether.fi crypto balance, with repayment rules described as flexible (no monthly minimum mentioned in the card page copy).
• Cashback paid in crypto: Cashback is paid in crypto and is shown alongside each purchase in the Transactions area; ether.fi’s help docs describe tiered cashback that depends on membership level and monthly spend. 
• Automatic crediting to your “Safe”: ether.fi’s FAQ states earned crypto is credited automatically to your “Safe” and added to held assets.
• Top-ups from bank or wallet: The product marketing highlights funding from a bank or a non-custodial wallet into ether.fi Cash.
• Where it can be used: ether.fi’s site states usage across 100M+ locations; a separate media write-up cites 150M Visa merchants. 

MEXC has run card-linked campaigns (example: deposit + card application flow) that advertise an airdrop and cashback incentives for qualified users, plus referral-linked bonuses. Treat these as time-bounded marketing programs and confirm the active terms at the moment you apply.

Final Thoughts

If you’re using MEXC in 2026, treat it as a trading venue built for breadth and speed, not a long-term vault. 

Before you fund size, confirm your region eligibility, enable 2FA plus passkeys, set an anti-phishing code, and turn on a withdrawal whitelist, then run a small deposit and test withdrawal to surface any risk checks early. 

If you need dependable fiat rails, predictable withdrawals, or a stricter compliance posture, choose a more regulated alternative for your core holdings and use MEXC only for the strategies it does best.