Before we dive into the detailed analysis, here's a summary of MEXC's most important data at a glance.
MEXC Quick Overview
| Score | |
| Established in | 2018 |
| Headquarters | Seychelles |
| Regulator | Global |
| Cryptocurrencies | +3.000 |
| Maker/Taker | 0,00 % / 0,05 % |
| MiCA regulation | No; MEXC is not listed as an authorized CASP |
| Minimum deposit | 5 € |
About MEXC: Origins and Who It's Intended For
MEXC is a centralized cryptocurrency exchange founded in 2018 and focused on global trading. The platform combines spot trading, perpetual futures, copy trading, bots, Earn, Launchpool, Kickstarter, pre-market trading, P2P, card purchases, and one of the industry’s widest selections of altcoins.
Pros
More than 3,000 cryptocurrencies and frequent listings
Promotion for 0 % makers and 0 % takers on all spot pairs
Futures, bots, copy trading, Earn, and API
Cons
It does not hold a MiCA license or an equivalent top-tier regulation
Rates may vary by pair, region, or promotion
New derivatives and tokens carry a very high level of risk
MEXC was initially known as MXC and later adopted its current brand name. Its strategy is based on listing emerging projects before many of its competitors, offering a wide range of trading pairs, and attracting trading volume through campaigns featuring reduced fees.
The company claims to have more than 40 million users and a presence in more than 170 countries and regions. These figures illustrate its commercial reach, but they do not mean that a single license is sufficient to cover all of those jurisdictions.
Who is MEXC for? For international users looking for hard-to-find altcoins, early listings, futures, and trading tools.
It isn't the best fit for those looking for a simple platform that is fully regulated in their country. The sheer number of products, innovation zones, campaigns, rewards, and perpetual contracts increases complexity and makes it easier to take on risks that a beginner might not fully understand.
The main distinguishing feature is its breadth. MEXC lists more than 3,000 cryptocurrencies, compared to the much smaller selections offered by Coinbase, Kraken, Gemini, and Venga. Such an extensive offering also includes assets with low liquidity, extreme volatility, or a limited track record.
Its overall proposal must be analyzed in conjunction with the regulatory framework. MEXC expressly excludes the United States, Canada, the United Kingdom, mainland China, Hong Kong, Singapore, Kazakhstan, and several sanctioned jurisdictions. As of August 2026, it does not have MiCA authorization in the European Union, although the app may still appear in certain app stores.
What level of security does MEXC offer?
MEXC combines cold and hot storage, two-factor authentication, anti-phishing codes, whitelists, Proof of Reserves, and protection funds. The platform publishes security reports and allows users to verify that their balances are included in its reserve system.
The public rating is displayed as follows:
International Regulation and the Absence of MiCA
MEXC does not operate under a global license comparable to the authorizations held by Coinbase, Kraken, Bitstamp, or OKX in their primary markets. Its structure has historically been associated with entities registered in the Seychelles and other jurisdictions.
In May 2025, the Seychelles Financial Services Authority announced that MEXC Global Ltd had been struck from the register in August 2023 and subsequently dissolved. The regulator noted that the company had never obtained authorization under the Virtual Asset Service Providers Act of 2024.
In May 2026, the FSA identified MX Global Ltd as the entity operating the MEXC platform from the Seychelles without the required VASP license and initiated enforcement proceedings. Incorporating a company as an IBC does not constitute authorization to provide virtual asset services.
The United Kingdom is among the countries where MEXC is banned. The Financial Conduct Authority has issued a warning stating that MEXC is not authorized and may be promoting financial services without permission.
In the European Union, MEXC is not listed as an authorized CASP provider under MiCA as of August 2026. The Dutch AFM and other European regulators have issued warnings regarding the provision of services without the necessary authorization. The technical availability of the website or app should not be construed as a license.
Custody and protection of funds
MEXC holds the deposited assets in custody and claims to maintain reserves at a ratio of 1:1 or higher. Users do not control the private keys as long as the cryptocurrencies remain on the exchange and, therefore, assume counterparty risk.
The platform features a combination of hot and cold wallets, multi-signature controls, and risk detection systems. Withdrawal addresses can be protected through whitelisting, 2FA, and additional confirmations.
MEXC has launched a $100 million Guardian Fund to cover certain incidents related to the platform. It also maintains futures insurance funds designed to absorb losses during extreme liquidations.
These funds do not constitute public deposit insurance. Coverage is subject to MEXC’s internal rules and does not protect users against market losses, normal liquidations, investment errors, or all instances of fraud.
Key protection measures include:
- Cold storage and separate management of operational wallets.
- Authentication via 2FA, email, and security codes.
- Anti-phishing code to identify official communications.
- Whitelist of pickup addresses.
- Reserve Proof with Merkle Tree Verification.
- A $100 million Guardian Fund and a futures insurance fund.
Reserve Test and transparency
MEXC publishes a Reserve Proof that allows users to verify whether their balance was included in a snapshot using a Merkle identifier. The platform displays assets, networks, addresses, and coverage ratios for the selected coins.
The snapshot visible in July 2026 stated that it maintained a 1:1 reserve ratio. In its March 2026 report, MEXC reported approximate ratios of 270 % for BTC, 119 % for ETH, 115 % for USDT, and 116 % for USDC.
Hacken participates in the verification of published reports. This transparency is a positive development, but a Proof of Reserves alone does not demonstrate the company’s full financial soundness, including all its liabilities, loans, guarantees, or relationships with other entities.
The promotional claim that 1:1 reserves eliminate the risk of bankruptcy should be interpreted with caution. A snapshot of wallets and liabilities does not rule out operational, legal, corporate, market, or fund-access risks.
Account Security
MEXC allows you to enable Google Authenticator, email verification, phone verification, anti-phishing codes, and a withdrawal whitelist. It is recommended that you enable all security measures before making a deposit and use a unique password.
The risk control system may restrict trades or withdrawals when it detects activity deemed anomalous. MEXC may request Enhanced Due Diligence, proof of funds, transaction history, video, or additional documentation.
Public reviews from August 2026 frequently mention frozen accounts, denied rewards, and generic responses from support. These reviews do not, on their own, prove any misconduct, but they do constitute a risk pattern that should be factored into the assessment.
Pros
Merkle Proof of Reserves with Reports from Hacken
Published ratios exceeding 100 1Q3Q for core assets
2FA, anti-phishing code, and whitelist
Cons
There is no global license or MiCA that protects all users
A PoR does not replace a comprehensive financial audit
Numerous complaints about risk assessments and limited recalls
Where is MEXC available?
MEXC claims to serve more than 40 million users in over 170 countries and regions. The app is available in app stores in numerous markets, but its availability for download does not guarantee that all products are legal or authorized locally.
The terms of service exclude North Korea, Cuba, Sudan, Iran, mainland China, Singapore, the United States, the United Kingdom, Hong Kong, Kazakhstan, Canada, and Ukrainian territories under Russian control, including Crimea, Donetsk, Luhansk, Zaporizhzhia, Kherson, and Sevastopol.
Also excluded are countries or territories subject to comprehensive economic sanctions and jurisdictions included by the FATF on its high-risk list subject to a call to action. MEXC may modify the list at any time.
In Latin America, Africa, Asia, and Oceania, the app is available in numerous countries, including Argentina, Brazil, Mexico, Australia, India, Indonesia, Vietnam, Nigeria, and South Africa, with variations in KYC, fiat, Earn, and derivatives.
The situation in the EEA is particularly delicate: MEXC does not have a MiCA license as of August 2026. Even if some European countries appear on its download list, users should check the position of their national regulator and not assume that the platform is authorized to solicit customers.
MEXC Fees: How Much Does Trading Really Cost?
MEXC uses a maker/taker fee structure with promotional campaigns that can reduce fees to zero. The actual cost depends on the market, account, region, VIP level, and current promotion.
Promotional spot commission: 0 % maker and 0 % taker
Starting in January 2026, MEXC is launching a global promotion offering 0 % maker and 0 % taker fees on all spot trading pairs with no volume requirements. In August 2026, the platform will continue to offer zero-fee spot trading.
| Platform | Maker | Taker |
|---|---|---|
|
MEXC
|
0,00% | 0,05% |
Bitget
|
0,10% | 0,10% |
Bybit
|
0,10% | 0,10% |
Finst
|
0,15% | 0,15% |
Bitvavo
|
0,15% | 0,25% |
Coinbase Advanced
|
0,40% | 0,60% |
eToro
|
1% | 1% |
Comparison based on initial spot rates for users without volume discounts.
A zero fee does not mean that a transaction has no economic cost. Users may still experience spreads, slippage, and low liquidity, especially with smaller tokens. Some conversions, campaigns, or trading pairs have different terms.
Did you know? Buying 1,000 USDT worth of Bitcoin on a supported spot trading pair may result in 0 USDT in maker or taker fees during the promotion.
Deposits, Fiat Purchases, and Withdrawals
MEXC does not charge a fee for cryptocurrency deposits, although the originating wallet or exchange charges the network fee. Each asset has a minimum deposit amount and supported networks that must be checked before sending.
Crypto withdrawals are subject to a variable fee and minimum amount depending on the currency, blockchain, and network congestion. The exact amount is listed on the withdrawal page and may vary without following the maker/taker structure.
MEXC allows purchases using Visa or Mastercard in supported countries. The guide published in June 2026 lists a processing fee of 2 %, in addition to a possible bank conversion fee. Apple Pay, Google Pay, and third-party providers may charge different fees.
P2P allows users to trade with merchants using local payment methods. MEXC may advertise a zero platform fee, but the advertiser's margin is built into the price, and there are T+1 or T+2 hold periods for certain purchased assets.
Earn Commission and Advanced Products
MEXC Earn combines Flexible Savings, Fixed Savings, Hold and Earn, staking, Launchpool, and high-APR campaigns. Promotional rates typically have low limits, short terms, and specific requirements.
Futures typically start at a very low rate, and the August 2026 announcement uses 0 % maker and 0.04 % taker as reference rates for numerous contracts. Certain pairs may charge 0.01 % for makers and 0.04 % for takers or offer regional promotions.
| Concept | Price on MEXC |
|---|---|
| Commercial during a global promotional campaign | 0 % maker / 0 % taker |
| Benchmark Futures | From 0 % maker / 0.04 % taker; varies by contract and region |
| MEXC Convert | 0 % with explicit commission; the fixed price includes the quoted price |
| Cryptocurrency Deposit | 0 € via MEXC; the source network fee applies |
| Crypto Withdrawal | Rate varies depending on the asset and network |
| Shop with a credit card | Approximately 2 % for processing, plus any bank conversion |
| P2P | It could be 0 % on MEXC; the trader factors margin into the price |
| MEXC Earn | APR, term, limit, and variable terms |
| Copy trading and bots | Trades are subject to the applicable market rate |
Step-by-Step Guide to Opening an Account on MEXC
Registration is done through the official website or app. Users must verify that their country of residence is not on the restricted list and that the service is legal in their country before providing personal information or transferring funds.
Step 1: Initial registration
You can create an account using your email address or phone number, a password, and a verification code. MEXC also allows access through certain compatible external accounts.
You must select the correct country. Using a VPN or providing false information to circumvent a restriction may result in account termination, the liquidation of positions, and a review of withdrawals.
Before making a deposit, you should verify the domain, download the app from an official source, and enable the anti-phishing code. MEXC is a brand frequently used in phishing attempts and by fake support channels.
Step 2: Identity Verification (KYC)
MEXC has strengthened its KYC procedures in 2026. Primary verification may include:
- A valid ID card, driver's license, or passport.
- Personal information and country of residence.
Advanced KYC adds facial recognition or a selfie and unlocks certain fiat purchases, events, and limits. MEXC may also request proof of address, proof of funds' origin, and Enhanced Due Diligence.
The platform's guide specifies a daily withdrawal limit of up to 80 BTC with Primary KYC and up to 200 BTC with Advanced KYC. These figures are operational maximums, not a recommendation to maintain large balances.
Step 3: Link a bank account
MEXC does not operate globally with a single bank account. The methods vary by region:
- Visa or Mastercard in supported countries.
- Apple Pay and Google Pay, when enabled.
- P2P merchants and local payment methods.
- External fiat providers for transfers or purchases.
- Direct cryptocurrency deposit from another wallet.
The card and payment account must belong to the verified user. Third-party providers apply their own terms, limits, conversion rates, and verification procedures.
Did you know? A €1,000 card purchase can cost around €20 with a processing fee of 2 %, before adding a possible bank conversion fee of 1-3%.
Step 4: First deposit and first trade
Once the balance has been confirmed, select “Spot,” the trading pair, and the order type. To start, a limit order on BTC/USDT or ETH/USDT is easier to verify than a newly listed token with low liquidity.
When trading futures, users must deposit margin, select either isolated or cross mode, and set the leverage. Even a small price fluctuation can liquidate the position; the reduced commission does not mitigate that risk.
Summary of Requirements for Opening an Account on MEXC
- Be of legal age under the applicable jurisdiction.
- Reside in a country not included on the prohibited list.
- Verify that MEXC is legally authorized to provide the service locally.
- Have a valid email address, phone number, and identification document.
- Complete Primary or Advanced KYC, depending on the product.
- Enable 2FA and withdrawal protections.
- Provide proof of the source of funds when requested by MEXC.
Important note: The technical ability to register does not imply regulatory approval. It is advisable to deposit a small amount, complete the KYC process, and test a withdrawal before using higher-risk products.
Available cryptocurrencies: more than 3,000 assets
MEXC lists more than 3,000 tradable cryptocurrencies and thousands of trading pairs. These include Bitcoin, Ether, XRP, Solana, BNB, Dogecoin, Cardano, Avalanche, Chainlink, SUI, TON, stablecoins, and a large number of smaller-cap projects.
The Innovation Zone section features new or experimental tokens. These assets may experience rapid price increases, but also extreme price drops, market manipulation, low liquidity, suspension of deposits or withdrawals, and delistings with little notice.
MEXC stands out for incorporating sectors such as memecoins, artificial intelligence, DeFi, gaming, DePIN, Layer 2, and tokenized assets. The availability of a spot trading pair does not guarantee sufficient liquidity or that the token can be withdrawn immediately.
MEXC Learn, bots, and copy trading: education and automation
MEXC combines educational content with tools for manual and automated trading. Its offerings include TradingView charts, grid bots, DCA, copy trading, a spot API, and restricted access to a futures API.
| Product | Focus |
|---|---|
| Spot | Thousands of pairs and early listings |
| Futures | Leveraged Perpetual Contracts and Margin Modes |
| Bots | Grid, DCA, and compatible automated strategies |
| Copy Trading | Replicating the Trades of Selected Traders |
| MEXC Earn | Flexible, Fixed, Hold and Earn, and campaigns |
| Kickstarter and Launchpool | Token Distribution and Participation Rewards |
Beyond buying and selling, MEXC offers:
- Pre-Market: to trade certain assets before they are listed on the spot market.
- Copy Trading with trader metrics and replication risk.
- Demo Trading to practice trading futures without using real funds.
- Spot API for custom strategies.
- P2P and fiat providers by country.
MEXC Earn: Earnings on Your Cryptocurrencies
MEXC Earn offers flexible and fixed-term products, staking, and promotional campaigns. In August 2026, it even showed an APR of up to 600 % on USDT for two days—a limited-time promotional rate that is not representative of typical returns.
The most important thing about MEXC Earn:
- Flexible products, fixed-term products, and short-term campaigns.
- Promotional APR with quotas and limits per user.
- Hold and Earn allows you to hold eligible assets in Spot.
- Some events require Advanced KYC.
- The bank does not have public deposit insurance.
Regular Purchases (DCA): Automate Your Purchases
MEXC allows users to set up DCA bots and periodic strategies within its supported features. Users select the asset, amount, interval, and execution parameters.
Every trade is subject to the price and liquidity of the currency pair. The promotional spot rate may be zero, but the spread and slippage still exist, especially for minor currencies.
Available order types
MEXC offers various order types for spot and futures trading:
- Market order: Executed against available liquidity.
- Limit order: Sets a price and remains on the order book if it does not execute.
- Stop-limit and trigger: activated when a specific condition is met.
- Post-Only: Prevents a limit order from being executed immediately as a taker.
Trailing stops, take-profit orders, and stop-loss orders are also available for compatible products. Availability and exact rules vary by spot trading, futures, and app.
MEXC vs. Binance
The most natural overall comparison pits MEXC against Binance. Both offer spot trading, futures, Earn, P2P, bots, copy trading, and numerous assets, but they differ in scale, regulation, and their approach to listings.
| Characteristic | MEXC | Binance Global |
|---|---|---|
| Foundation | 2018 | 2017 |
| Scope | More than 170 countries and regions listed | Global presence through regional entities and restrictions |
| Regulation | Offshore structure; without MiCA and subject to regulatory warnings | Regional licenses and registrations; availability varies by country |
| Initial Spot Commission | 0 % maker / 0 % taker during the promotion | Approximately 0.10 % maker / 0.10 % taker |
| Futures | From 0 % maker / 0.04 % taker on benchmark contracts | Maker/Taker and VIP Levels by Product |
| Cryptocurrencies | More than 3,000 | More than 500, depending on the region |
| Security | PoR, Guardian Fund, and insurance fund | PoR, SAFU, and regional controls |
| Unique Product | Early listings and low-market-cap altcoins | Liquidity, ecosystem, fiat, and institutional reach |
| Platform | Website, app, API integration, bots, and copy trading | Web, app, API, bots, P2P, and institutional services |
| Ideal for | Altcoin traders who are willing to take on greater risk | Users who prioritize liquidity and a broader ecosystem |
MEXC leads in the number of tokens and promotional spot trading fees. When it comes to finding newly launched projects or niche markets, its selection is hard to beat.
Binance typically offers greater liquidity in major assets, more fiat payment methods, and a more developed regional infrastructure. None of these options are available everywhere; users should verify the applicable regulations and jurisdiction in each country.
Apps and Platform: How Do You Use MEXC on a Daily Basis?
MEXC offers apps for iOS and Android, a web platform, TradingView charts, a spot API, copy trading, bots, and services for institutional users. The interface brings together numerous products in menus, campaigns, and banners.
The navigation is organized into several sections:
- Markets: prices, new listings, and categories.
- Trading: Spot, Margin (when available), and Convert.
- Futures: Perpetual Contracts, Positions, and Risk Management Tools.
- Earn: flexible savings, fixed savings, and promotions.
- Wallet: balances, deposits, transfers, and withdrawals.
The app allows you to switch between a simple view and advanced features. The search tool makes it easy to find tokens, although users should check the contract, network, and risk label before buying.
MEXC offers 24/7 support and live chat, but user reviews indicate that responses tend to be generic when an account is placed under risk control. Saving screenshots, hashes, and transaction statements can make it easier to file a claim.
Final Verdict: Is MEXC Worth It in 2026?
MEXC stands out for three reasons: over 3,000 cryptocurrencies, early listings, and a 0 % maker-taker fee promotion on spot trading. For altcoin traders who understand the risks, it offers opportunities not found on more conservative exchanges.
The trade-off is significant. MEXC does not hold a MiCA license, the Seychelles FSA has questioned the authorization of its affiliated entities, and various regulators have issued warnings. Downloading the app does not guarantee local legal protection.
The Reserve Test, ratios exceeding 100 %, Hacken, and the Guardian Fund are positive factors. They do not fully offset the lack of top-tier oversight or the numerous complaints regarding frozen funds and risk controls.
With all of this in mind, MEXC can be useful as a specialized trading platform, provided you keep only the necessary operating capital on the platform and verify any withdrawals first. It wouldn’t be our first choice for holding long-term savings or for a beginner who prioritizes regulation and simplicity.
This review is based on our actual experience using MEXC. We tested the platform by making deposits, purchases, sales, and withdrawals of cryptocurrencies, and we also evaluated its fees, security, and ease of use. The rating you see here reflects our hands-on experience, not just a first impression.
Is MEXC not right for you? Explore other options
Regulated exchange licensed in New York, focused on institutional-grade security, certified custody, and transparent operations for demanding investors.
Derivatives and copy trading-focused exchange with a fast app. Includes futures, multiple pairs, and advanced features for agile trading.
Leading global platform by trading volume. It offers spot and futures trading, staking, and a broad ecosystem with reduced fees through BNB.
European exchange with a clean interface and competitive fees. Ideal for trading crypto with SEPA transfers and stable liquidity in the European market.
Social trading and derivatives-focused platform with a simple interface. It includes copy trading, futures, and fast purchase options using a card.
Popular exchange for derivatives and spot trading, with high liquidity, a fast interface, and advanced tools geared toward active and professional traders.
Spanish exchange focused on ease of use, local support in Spanish, and integrated options for buying, saving, and custodial asset management.
Comprehensive platform offering spot, futures, and earn products. Strong global liquidity, pro tools, and a built-in Web3 wallet for active traders.
It's not the best exchange, but it does the job for me. Buying and selling work without any issues, although withdrawals can sometimes take a while to process. On occasion, they may also ask you to complete KYC. Overall, it works well for my needs.