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MEXC Exchange Review 2024

In this MEXC exchange review, we look at what the platform offers. It covers everything from the types of trades you can make, the costs involved, how secure it is, and the customer service it provides. 

This detailed guide helps beginners and experienced traders make informed decisions about cryptocurrency trading on MEXC.

Table of content

MEXC Exchange Review: Overview

MEXC, launched in Seychelles in April 2018, quickly became a top global crypto exchange. Its team of blockchain experts has enhanced the platform's capabilities. 

Known for its high-speed transaction system, MEXC serves over 10 million users and is regulated in countries like Switzerland, Canada, Australia, and the USA. 

It operates in 170+ countries, offers 1,520+ coins and 2,110+ pairs, and handles huge trading volumes. Its vast selection, global presence, and regulatory compliance make it attractive to experienced and new crypto traders.

MEXC Pros & Cons

MEXC is known for its wide range of cryptocurrencies, international presence, high-tech trading features, and robust security. But, its complex services and some trading limits might be challenging for some users.


Lots of Cryptocurrencies: Offers over 1,520 types of cryptocurrencies and more than 2,110 trading pairs.

Worldwide Operations: Works in over 170 countries and follows rules in countries like the US, Switzerland, and Canada.

Fast Trading System: Has a quick and efficient system for trading.

Variety of Trading Services: Includes different types of trading like spot, margin, futures, ETFs, and P2P.

Strong Security: Uses secure wallets and two-factor authentication for safety.

Extra Features: Provides API trading, chart tools, 24/7 support, and more.

Low Fees: Competitive fees can be reduced further with MX tokens.



Can Be Complex for Beginners: It might be complicated for those new to crypto trading.

Limits on Margin Trading: Not all cryptocurrencies are available for margin trading.

KYC for Full Features: You must complete KYC (Know Your Customer) to access all features, affecting anonymity.

MEXC Exchange Features

MEXC exchange is a cryptocurrency trading platform focusing on security and efficiency. 

Here's how it operates:

  • High-Security Wallets: MEXC uses cold storage wallets to manage over $500 million in cryptocurrency deposits, ensuring the safety and security of assets at all times.
  • Advanced Trading: The exchange features high-performance mega-transaction matching technology, capable of handling large MEXC trade volumes and executing orders in milliseconds.
  • Two-Factor Authentication: MEXC implements two-factor authentication for added security, requiring a code from a user's mobile device or email and the password.
  • Regular Monitoring: MEXC continuously monitors its systems and implements updates to ensure the highest security and operational efficiency.

These features make MEXC a secure and reliable choice for traders seeking a fast and efficient cryptocurrency trading experience.


Additional Services & Features

MEXC Global exchange extends beyond basic trading options, offering a range of additional services and features:

  • MEXC Launchpad: This feature allows users to buy or earn tokens from newly launched cryptocurrencies on the MEXC platform.
  • API Trading: For those who prefer automated trading, MEXC provides API trading to help users implement their trading strategies efficiently.
  • Charting Tools: The exchange has various advanced charting options and indicators, enabling traders to analyze market trends and make well-informed decisions.
  • OTC Trading: MEXC also facilitates over-the-counter (OTC) trading, ideal for trading large quantities of cryptocurrencies with minimal slippage and high liquidity.
  • MX DeFi: Similar to staking, MX DeFi allows users to contribute coins to a yield mining pool, with the unique opportunity to earn different coins as rewards.
  • 24/7 Customer Support: Understanding the need for continual assistance, MEXC offers round-the-clock customer support to enhance user experience.
  • Mobile Trading Apps: For trading convenience on the move, MEXC provides mobile applications compatible with both iOS and Android devices.

How to Get Started with MEXC Crypto Exchange?

Registering on the crypto exchange MEXC is simple. 

Here's a guide to help you through the process:

  1. Visit the Official Site: Head to MEXC's website and click the “Sign Up” button.
  2. Create Your Account: Enter your email or phone number and set a password.
  3. Verify Your Account: A verification code will be sent to your email or phone. Enter this code to confirm your account.
  4. Complete Your Profile: Login, go to your profile icon on the top right, and select “Identification” from the menu.
  5. KYC Verification: Complete either “Primary KYC” or “Advanced KYC” for higher withdrawal limits and full exchange features.
  6. Finish Primary KYC: For the best experience, at least complete the “Primary KYC.” You'll need to provide some personal information.
  7. Ready to Trade: Once registered, you can deposit funds and begin trading.

Following these steps, you can easily set up your account on MEXC and start your cryptocurrency trading journey.

Buying and Selling Options

Users can select from various fiat currencies, digital assets, and payment methods to suit their preferences.


To use the quick buy or sell option, click the “Buy Crypto” tab on the top left of the screen and select “Quick Buy/Sell.”

MEXC not only simplifies the process of trading best cryptocurrencies but also provides additional options like spot trading, futures trading, and leveraged exchange-traded funds. 

MEXC Spot Trading

Spot trading forms the core of the crypto MEXC exchange, serving as the leading platform where users can buy and sell cryptocurrencies. 

For those just getting to grips with the world of cryptocurrencies, such as crypto sports betting, spot trading is essentially exchanging one cryptocurrency for another. As a centralised exchange, the MEXC offers a wide range of spot trading options with high liquidity.

The exchange lists over 1,520 cryptocurrencies and more than 2,000 trading pairs, catering to various trading preferences.

Accessing MEXC Spot Market:

To enter the spot trading market on MEXC, click the “Trade” tab and select “Spot.” 

In the MEXC Spot Market, you can select the trading pair you wish to trade. The interface shows candlestick charts for the chosen team, and below the charts, you can place your order.

Options for Placing Orders:

MEXC allows you to place either a limit order, where you set a specific price for the trade, or a market order, where you trade instantly at the current market price. This flexibility enables traders to pick the best method for their trading strategy.

MEXC Margin Trading

MEXC exchange provides various digital asset trading services, including spot and margin trading. Margin trading is an approach that enhances your trading capabilities by allowing you to borrow funds. 

This method is particularly effective in markets with low volatility, such as Forex, as it magnifies the impact of even minor price movements.

MEXC offers leverage of up to 10x in margin trading, potentially increasing profit opportunities. However, it's important to note that margin trading isn't available for all new or top cryptocurrencies but is accessible for many major ones. 

Accessing Margin Trading:

Like spot trading, margin trading can be accessed via the “Trading” tab on the top left. The user interface for margin trading is similar to that of spot trading.

MEXC Futures Contracts

MEXC global futures trading, a common feature among many leading cryptocurrency exchanges, like Kraken exchange, including MEXC, offers traders the ability to speculate on the future price of a cryptocurrency without actually owning it. 


This type of trading allows you to profit from price fluctuations in either direction potentially. While you miss out on cryptocurrency-specific features like staking, you can speculate about price. 

MEXC provides futures trading with leverage options up to 200x on selected cryptocurrencies and competitive spreads, opening up a broader range of trading possibilities.

MEXC boasts excellent futures liquidity for the top 50 cryptocurrencies, further enhancing the trading experience.

Accessing Futures Contracts:

To start trading futures on MEXC, click the “Derivatives” tab and select the “Futures” option.

MEXC offers two types of future contracts:

  • USD-M (settled in US dollars)
  • COIN-M (settled in the cryptocurrency). 

Exchange-Traded Funds

Exchange MEXC allows its users to trade exchange-Traded Funds (ETFs). ETFs are investment vehicles that will enable traders to invest in assets without actually owning them. 

This allows users to amplify the returns of an underlying asset. For instance, if ETH (Ethereum) rises by 5%, a 3x leveraged ETF on ETH would increase by 15%. 

This trading method is favored for its potential for higher returns and reduced liquidation risks. MEXC currently offers three long and three short ETFs for specific cryptocurrencies.

Key Features of Leveraged ETFs on MEXC:

  • Simple Process: One click to open a leveraged position.
  • No Margin Calls or Liquidations: Reducing the trading risks.
  • Risk Management: Built-in features to control trading risks.
  • Auto-Compounding Profits: Enhances the potential returns.

Accessing ETFs:

To use leveraged ETFs, navigate to the “Derivatives” tab on the top left of the MEXC platform. The interface for trading ETFs is user-friendly and similar to other trading options on the exchange.

Peer-to-Peer Trading

MEXC exchange crypto introduces a peer-to-peer (P2P) trading feature called PUSH. This feature enables users to trade cryptocurrencies directly with each other, bypassing the need for an intermediary. 

P2P trading plays a vital role in crypto trading, offering enhanced transaction flexibility and security.

Recognizing the value of P2P trading, MEXC has incorporated PUSH into its platform, giving users an alternative way to trade. 

With PUSH, traders can exchange their crypto assets directly with others, maintaining greater privacy and security since there's no central authority involved.

To utilize the PUSH feature on MEXC:

Users must first complete the MEXC KYC process. This step ensures safe and secure transactions within the platform’s P2P trading environment.

Fee Structure 

MEXC exchange offers its users a competitive fee structure, which includes:

  • No Deposit Fees: Users can add funds to their MEXC accounts without deposit fees, reducing additional costs.
  • Spot Market Trading Fees: For spot market trading, MEXC charges 0% for maker orders and 0.1% for taker orders. However, this fee can be reduced for those holding MX tokens – MEXC's native cryptocurrency. Users can lower their spot trading fees by using MX tokens to pay 0.16% trading fees.
  • Futures Trading Fees: Makers trading futures on MEXC incur no fees. Taker fees were initially 0.06% but have recently been reduced to 0.03%, making it a cost-effective option. Paying with MX tokens also offers a 10% discount for leveraged trades.
  • Volume-Based Discounts: The trading fees can decrease further based on the user's monthly trading volume. For example, investors with a monthly trading volume of $500 million or more can enjoy even lower rates of 0.014%/0.042%.

MEXC's fee structure is designed to be competitive with other major exchanges like Binance. Users can enjoy additional savings by utilizing MX tokens, making MEXC an economically attractive platform for various trading activities.

⭐ Is MEXC legit?

MEXC Global is a legitimate exchange platform that has successfully catered to the needs of over 10 million users throughout its years of operation.

⭐ Is MEXC exchange safe?

MEXC is recognized as one of the safest cryptocurrency exchanges thanks to its implementation of advanced security protocols, including KYC processes and two-factor authentication.

⭐ Is MEXC available in the US?

Yes, the MEXC exchange is available for use in the United States.

⭐ Where is the MEXC exchange located?

The exchange, founded initially in Seychelles, has expanded its services with additional servers set up in Singapore and Korea.

⭐ Does MEXC require KYC?

MEXC can only be utilized with completing the KYC process, but access to all the features on the exchange will be limited.

Cryptocurrencies and Payment Methods

MEXC Global crypto exchange boasts diverse digital currencies, offering over 1500 coins and 2,110 trading pairs. 

Among the significant cryptocurrencies available on MEXC are:

  • Bitcoin 
  • Ethereum
  • Polkadot
  • Cardano
  • Chainlink 
  • Doge 
  • Vechain
  • Ripple
  • Litecoin 
  • Tron

In terms of payment methods, MEXC accommodates various options to facilitate ease of transactions for its users, including:

  • Bank Transfers
  • Bank Cards
  • AliPay
  • AdvCash
  • Skrill
  • Apple Pay

Staking on MEXC Exchange

MEXC exchange provides an opportunity for users to generate passive income through staking. By holding specific digital assets, investors can earn returns on their investments. 

This process is facilitated by the Proof-of-Stake mechanism, enabling users to participate in validating blockchain transactions and earning interest as rewards.

In the staking section of MEXC, a variety of well-known cryptocurrencies, such as Bitcoin, Ethereum, and Polkadot, are available. 


Users can choose flexible or locked staking options depending on their investment strategies and risk preferences.

Critical Aspects of Staking on MEXC:

  • Interest Rates: The interest rates for staked assets can vary based on the market and cryptocurrency. While most coins offer an Annual Percentage Yield (APY) of under 10%, some newer coins might provide higher returns.
  • Flexible Options: MEXC enables users to select between adjustable and fixed staking choices. With flexible staking, there's the convenience of withdrawing funds at any time, offering greater liquidity to investors.

MEXC's staking feature is designed to be straightforward and user-friendly, emphasizing the platform's commitment to offering viable passive income avenues for its users.

MEXC Licences

MEXC exchange follows strict regulatory standards, holding a U.S. MSB (Money Services Business) license, showing its dedication to compliance. 

It also has an Estonia MTR (Market Trading Regulation) license, allowing it to provide crypto-to-fiat conversions and digital wallet services. 

This adherence to regulations guarantees a secure trading environment and lets MEXC trading platform expand its services internationally, reaching more customers.

MEXC Review: Conclusion

MEXC stands out for its advanced trading technology, strong security measures, and diverse trading options, including spot, margin, and futures trading. 

The platform also provides additional services like API trading and 24/7 customer support. Although it offers a competitive fee structure, especially for MX token holders, the complexity of its offerings may require more work for beginners. 

MEXC exchange review shows it is a comprehensive and secure platform suitable for seasoned traders and cryptocurrency market newcomers.

Yana Levkovich

Crypto Analyst

Yana is an expert with a deep understanding of cryptocurrency more than 7+ years. Covering everything from traditional technology to blockchain tech and decentralized finance (DeFi). Her expertise extends to tasks like white paper creation and tokenomics consultancy. She advises companies seeking success in the cryptocurrency industry, so sh ..
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