MEXC Review 2025

MEXC is a crypto exchange with leverage up to 200x and a 0.05% spot trading commission. The company uses KnownSec and Zhangyu technologies to maintain the safety of its platform.

This exchange has received a 50/100 trustscore from the ScamAdviser platform.

Company Specifics + Regulation

MEXC, founded in April 2018 and registered in Seychelles, has rapidly ascended to become a major player in the cryptocurrency exchange market. With its "high-performance and mega transaction matching technology", MEXC has attracted over 10 million users across more than 170 countries.

There's no specific information about the regulatory status of this company; the official website says that it is "regulated either directly or through affiliates".

Key Features and Details Summary

The exchange offers a comprehensive suite of features designed to cater to both novice and experienced traders. Here's a snapshot of what it brings to the table:

What Are The User Verification Levels on MEXC?

Based on the investigations of the website and the platform in general, the company has designed a simple two-level system for verifications. We are going to explore each level in the table below:

Commissions and Non-Trading Fees

MEXC prides itself on offering ultra-low fees to its users, and it's not a far-fetched assertion; however, there is not a leveling system based on trading volume and the cost is the same for all traders. Trading Fees:

Regarding non-trading costs:

• Withdrawal fees are dynamically calculated based on network conditions;
• No deposit fees charged by the exchange.

Tradable Digital Assets on The Platform

This exchange offers an impressive array of tradable digital assets:

• Total Cryptocurrencies: 2,800+
• Notable Assets: Ethereum (ETH), Bitcoin (BTC), XRP, Solana (SOL), Cardano (ADA);
• Native Token: MX;
• Popular Categories: Meme coins (e.g., PEPE), DeSci, AI, Real World Assets, and more.

Also, for futures trading, there are over 590 pairs available. The platform's wide range of tradable assets allows users to easily diversify their cryptocurrency portfolios and access both established and emerging digital assets.

Futures Market and Margin Trading

MEXC offers both futures and margin trading options. Here's a breakdown of the company's futures trading specifics:

• USDT-M and COIN-M perpetual futures;
• Trading with a leverage of up to 200x;
• Lower spreads;
• VIP program for exclusive services and benefits.

How to Sign Up and Go Through The KYC Verification

Registering on the discussed platform is done simply and quickly, just like it happens on most other exchanges. Let's review the process:

• Navigate to the official website and click "Sign Up" at the top;
• Enter your email/phone number and create a password, then agree to the User Agreement and the Privacy Policy. Alternatively, use your Google, Apple, MetaMask, or Telegram account to continue;
• Provide the 6-digit code sent to your email address.

That's it. Now, you have created your account on the platform. For KYC verification, provide a "government-issued ID". Additionally, pass the facial recognition procedure for advanced KYC level.

How Secure is MEXC Exchange?

The company implements several security measures to protect user funds and data. Let's see what the exchange has done in this regard:

• Combination of hot and cold wallets for user funds and assets;
• +100% Reserve rate for flawless withdrawals;
• Futures insurance fund covering losses exceeding the margin level;
• KnownSec and Zhangyu technology for the security of the trading platform;
• SSL encryption certification is valid until December 13, 2024.

While MEXC demonstrates a commitment to security and compliance, users should always exercise caution and conduct their own research when using any cryptocurrency platform.

Funding Options; Is Fiat Deposit Possible?

The exchange provides a decent list of methods for depositing and withdrawing funds in various forms and currencies. Let's have an overview:

• Debit/Credit Card Purchases: Support for Visa and Mastercard;
• Bank Transfers: EUR deposits via SEPA;
• Third-Party Methods: Banxa, Moonpay, and Mercuryo;
• Crypto: Digital wallet transactions.

These methods can be used either for direct fiat deposits and withdrawals or for buying and selling digital assets with fiat currencies. Also, direct crypto transfers are supported.

Trust Scores and Expert Evaluations

Despite MEXC's efforts to provide a comprehensive trading platform, user reviews on the Trustpilot website paint a concerning picture:

• 1.3 out of 5;
• More than 360 reviews;
• 89% of the reviews are 1-star.

The scores on "REVIEWS.io," another reputable platform, are not acceptable either:

• 1.8/5 score;
• Over 210 reviews;
• Only 21% of reviewers recommend the exchange.

However, the company is an excellent choice based on CoinGecko's algorithms, getting a solid 9/10 on the website.

While CoinGecko has given a high score to MEXC, the volume and consistency of negative feedback and complaints suggest that potential users should approach the company with extreme caution.

Note that the scores and reviews mentioned in this section of the article are subject to change over time.

Copy Trading and Other Investment Features

Copy trading is one of the most popular services in the financial industry for earning passive income. This feature is offered by the discussed exchange in the "Futures" domain with these statistics:

• More than $1B copy traded in total;
• Over 2M successful trades;
• +50,000 copy trading users.

Also, a staking service is provided with flexible conditions and decent APRs for 18 cryptocurrencies, including:

• APT;
• USDT;
• XRP;
• BTC;
• ETH;
• DOGE;
• SHIB.

Writer's Opinion And Conclusion

MEXC provides the staking of 18 cryptocurrencies such as APT, USDT, BTC, ETH, SHIB, and more. The broker's verification system is based on 2 levels [Primary KYC, Advanced KYC,] each setting a certain level of 24h withdrawal limits.

"REVIEWS.io" visitors have given the discussed exchange a 1.8/5 rating with over 210 reviews.