MEXC has risen to prominence in the crypto exchange space, attracting traders and investors with its extensive token listings and low trading fees.
In 2025, it continues to expand globally, offering advanced features and improved accessibility.
This review offers a comprehensive breakdown of MEXC’s performance, pricing, features, and how it compares to top exchanges.
Key Takeaways
- MEXC supports over 2,700 cryptocurrencies
- Extremely competitive trading fees and deep liquidity
- Fast-growing exchange with global reach
- Advanced features include copy trading, leveraged ETFs, and staking
- Regulatory compliance status and security practices reviewed
What is MEXC?
MEXC is a centralized cryptocurrency exchange known for listing a wide variety of tokens, including many altcoins before larger exchanges.
Founded in 2018, the platform is tailored for both retail and professional traders. Over the years, it has expanded into multiple regions, including Southeast Asia, Europe, and LATAM.
Key Details
- Founded in 2018, headquartered in Seychelles
- Serves users globally with multilingual support
- Known for fast token listing and innovative features
Supported Cryptocurrencies and Markets
MEXC’s primary advantage is the sheer number of cryptocurrencies it supports. It’s one of the few platforms that offers early access to trending altcoins and obscure tokens. The exchange supports spot, futures, and ETF trading.
Market Offerings
- Over 2,700 cryptocurrencies available
- Includes low-cap gems and major coins like BTC and ETH
- Access to Spot, Futures, and Leveraged ETF markets
Fees and Pricing Structure
One of the most attractive aspects of MEXC is its extremely low fees. Traders can benefit from zero maker fees and some of the lowest taker fees in the industry. Holding MX Token can further reduce your costs.
Fee Breakdown
- Spot: 0% maker, 0.05% taker
- Futures: 0% maker, 0.02% taker
- Discounts available for MX Token holders
- No deposit fees; withdrawal fees vary by asset
Trading Experience and Platform Usability
MEXC offers a robust and feature-rich platform with multiple interface options. While beginners may find it complex, experienced traders will appreciate the depth of tools available. The platform is accessible via web, mobile, and desktop apps.
Notable Features
- Real-time charts with indicators powered by TradingView
- Multiple order types including limit, market, and stop-limit
- Intuitive mobile app with full functionality
Key Features
MEXC’s innovation is seen in its wide array of trading and earning features, including demo trading for users to practice without financial risk.
It caters to both casual users and professional traders with products like leveraged ETFs, copy trading, and structured investment products.
The platform also integrates Launchpad and Kickstarter programs to support early-stage crypto projects, giving users early access to potential moonshots.
Additionally, MEXC supports automated tools such as grid trading bots and AI-enhanced copy trading systems, providing both passive and active income opportunities.
The exchange regularly updates its Earn section with flexible and fixed-term staking options, often featuring high-yield opportunities across various assets. The Smart Trade feature further empowers users to customize orders and strategies for optimal execution.
Feature Highlights
Copy trading enables users to follow top-performing traders, with transparent metrics and performance tracking
Leveraged ETFs offer 2x, 3x, or more exposure to market movements without the risk of liquidation
Grid trading bots allow for automated buy-low, sell-high strategies with customizable ranges
Staking services include flexible and fixed options with annualized yields sometimes exceeding 10%
MEXC Launchpad and Kickstarter provide early token access and community voting rights for project listings
Smart Trade and Take-Profit/Stop-Loss combos give users more granular control over their positions
MX Token: Utility and Value
MX Token is the native utility token of the MEXC platform. It plays a central role in user engagement and provides a range of benefits. Holding MX can enhance your trading experience and grant access to exclusive platform features.
Benefits
- Trading fee discounts
- Access to Launchpad and Kickstarter events
- Governance and voting on project listings
Security Measures and Protocols
Security is a top priority for MEXC, and the exchange has implemented several protocols to protect users. While not regulated in all jurisdictions, it adheres to strong compliance measures in key markets. Users are also encouraged to enable account-level security features.
Safety Measures
- Two-Factor Authentication (2FA) for all accounts
- Cold wallet storage for the majority of user funds
- Regular audits and an insurance fund for emergencies
Customer Support and Community
MEXC offers a range of support options, ensuring users can get help when they need it. The platform also maintains an active community across social platforms. Educational materials are also available for new users.
Support Channels
- 24/7 live chat and email support
- Educational blog and help center
- Social communities on Telegram, Twitter, and Discord
Pros and Cons of MEXC (2025)
Before deciding whether to use MEXC, it’s essential to weigh its benefits and limitations. With a growing list of features and a global user base, MEXC has carved out a unique space in the competitive crypto exchange landscape. Below is a more detailed breakdown of what you can expect in 2025.
Pros
Massive variety of listed tokens: With over 2,700 listed cryptocurrencies, MEXC offers one of the largest selections in the market, including early access to trending altcoins and obscure gems.
Ultra-low fees: Spot trading fees start at 0% for makers and 0.05% for takers, while futures fees are even lower, making it an excellent platform for high-frequency and cost-sensitive traders.
Multiple earning and trading options: Users can benefit from staking, grid trading bots, copy trading, leveraged ETFs, and Launchpad events, offering both passive and active income opportunities.
Advanced tools for seasoned traders: Professional traders can take advantage of detailed charting tools, fast execution speeds, and a wide range of order types.
Community and educational resources: MEXC maintains an active global community and provides beginner-to-advanced educational content.
Cons
May be overwhelming for crypto newcomers: The advanced interface, broad range of products, and complex features may be too much for beginners without prior trading experience.
Limited fiat-to-crypto options in certain regions: While crypto-to-crypto trading is robust, fiat support and on-ramping options are not available in every jurisdiction.
Not regulated in the U.S.: MEXC does not currently operate under U.S. regulatory frameworks, which may deter users who prioritize compliance and consumer protection.
Customer support can be inconsistent: Although 24/7 support is available, response times and solution quality can vary depending on the issue and region.
Who Should Use MEXC in 2025?
MEXC isn’t a one-size-fits-all exchange, and its advanced features make it more suitable for a specific audience. If you’re looking for early access to new tokens and advanced trading tools, it might be a great fit. However, absolute beginners should proceed with caution.
Ideal Users
- Experienced traders looking for variety
- Investors interested in staking and yield products
- Users seeking low trading fees
MEXC Compared to Other Exchanges
In a competitive market, how does MEXC stack up against giants like Binance, KuCoin, and Bybit? This section provides a side-by-side look at the top exchanges based on core features, fees, and overall user experience.
Key Comparison Factors
- Supported Cryptocurrencies
- Trading Fees
- User Experience
- Security
- Unique Features
MEXC vs Binance
Binance is widely recognized as the largest cryptocurrency exchange by volume. While Binance offers strong fiat support, a well-designed mobile app, and wide regulatory coverage, MEXC beats Binance in terms of trading fees and number of supported cryptocurrencies. MEXC also offers earlier access to newer, lower-cap tokens, which may appeal to risk-tolerant traders.
MEXC vs KuCoin
KuCoin is a feature-rich exchange popular with altcoin traders. It offers similar trading bots and spot/futures markets, but MEXC surpasses KuCoin in fee competitiveness and token variety. However, KuCoin is often considered to have a slightly more beginner-friendly experience.
MEXC vs Bybit
Bybit is known for its derivatives trading and user-friendly interface. While Bybit may be preferable for traders focusing purely on leveraged trading, MEXC provides a broader selection of tokens and lower fees for both spot and futures. MEXC also includes features like copy trading and leveraged ETFs that are not offered by Bybit.
Comparison Table
| Feature | MEXC | Binance | KuCoin | Bybit |
|---|---|---|---|---|
| Supported Cryptocurrencies | Over 2,700 | Over 400 | Over 700 | Over 600 |
| Trading Fees | Spot: 0%/0.05%; Futures: 0%/0.02% | 0.10% spot (maker/taker) | 0.10% spot (maker/taker) | 0.10% spot (maker/taker) |
| User Experience | Advanced; steep for beginners | Beginner-friendly | Feature-rich, moderate learning curve | Easy to use, great for all levels |
| Security | Cold storage, 2FA, audits | SAFU Fund, 2FA | Cold storage, 2FA | Multi-sig wallets, 2FA |
| Unique Features | Copy trading, leveraged ETFs | Binance Earn, Launchpad | Trading bots, KuCoin Spotlight | NFT marketplace, derivatives |
Insights
- MEXC offers the widest range of cryptocurrencies.
- Its fees are among the lowest, even beating Binance and KuCoin in many categories.
- Feature-rich but better suited for experienced users.
Fiat Onramp and Payment Options
MEXC supports several fiat on-ramping options, making it easier for users to buy cryptocurrency with traditional currencies.
The exchange partners with third-party providers like Banxa, Simplex, and Mercuryo to facilitate fiat-to-crypto purchases.
These integrations help bridge the gap for users transitioning from traditional finance to digital assets. In December 2024, MEXC added support for Apple Pay and Google Pay for select regions, expanding accessibility and convenience.
Available Options
- Credit and debit card payments in multiple currencies
- Bank transfers via third-party payment providers
- Apple Pay and Google Pay support in select countries
- Availability varies by country; some regions may face restrictions
Liquidity and Volume
MEXC consistently ranks among the top exchanges by trading volume across spot and futures markets. Its deep liquidity ensures minimal slippage for large orders, especially in major trading pairs like BTC/USDT and ETH/USDT.
Volume Highlights
- Daily spot trading volume often exceeds $1 billion
- Futures markets offer high leverage with tight spreads
- Popular pairs include BTC/USDT, ETH/USDT, SOL/USDT, and trending altcoins
MEXC for Institutions
Institutional traders can benefit from MEXC’s robust infrastructure and advanced API tools. The platform provides high-throughput order execution, priority support, and negotiated trading fee discounts for high-volume clients.
MEXC also supports FIX protocol and WebSocket APIs, making it compatible with institutional-grade trading systems.
As of Q1 2025, MEXC has onboarded over 300 institutional clients, including hedge funds and market makers.
Institutional Services
- API trading with low latency and real-time market data
- VIP levels with reduced fees for high-frequency traders
- Dedicated account managers and priority customer support
- Support for FIX protocol and WebSocket integration
Geographic Restrictions and Jurisdictional Limitations
MEXC is available in most countries but enforces restrictions in jurisdictions with stringent regulatory environments. While users can trade without full KYC, certain features and withdrawal limits vary by region.
Regulatory scrutiny has increased globally, and MEXC has taken steps to restrict access from countries that enforce strict compliance mandates.
As of early 2025, users in more than 30 countries are either partially or fully restricted from using the exchange.
Restricted Regions
- United States and several OFAC-listed countries are blocked
- Users from the E.U. may face limited access to services without full KYC
- India, Canada, and Japan have specific compliance restrictions that may impact access
- Always check the latest MEXC terms of use for updated restrictions
Final Verdict: Is MEXC Worth It?
MEXC has positioned itself as a powerful alternative to mainstream crypto exchanges in 2025. Its strengths lie in its low fees, broad token support, and diverse features. For users looking to go beyond the basics, MEXC is an exchange worth considering.
Read Next:
Summary
- Competitive fees and wide token access
- Great for experienced traders
- Not ideal for fiat onboarding or regulatory certainty
FAQ: MEXC Review
Is MEXC regulated?
MEXC operates in multiple jurisdictions but is not regulated in the U.S. or E.U. Regulatory status varies by region.
Can U.S. citizens use MEXC?
No, MEXC does not serve U.S. customers due to regulatory restrictions.
How secure is MEXC?
MEXC uses advanced security measures including 2FA, cold wallet storage, and routine audits.
What are MX Token benefits?
Holding MX Token gives you trading fee discounts, access to Launchpad events, and voting rights.
Does MEXC have a mobile app?
Yes, MEXC offers a full-featured app for both iOS and Android users.
How do MEXC fees compare to Binance?
MEXC fees are slightly lower than Binance in many categories, especially for spot trading.
Can I use MEXC without KYC?
Yes, but with lower withdrawal limits and feature restrictions.
Arabic
Chinese (Simplified)
Dutch
English
French
German
Italian
Portuguese
Russian
Spanish