MEXC is without doubt one of the extra standard cryptocurrency exchanges in 2025 and is primarily targeted on buying and selling altcoins. It is understood for its quick itemizing processes, broad assist for various cash and a vary of various merchandise, creating a fully-fledged ecosystem for merchants and traders.

The following MEXC evaluation assesses its core options and product choices and solutions one of the urgent questions: is MEXC a protected crypto alternate?

Introduction

What does this evaluation cowl?

In the next MEXC evaluation, I take an in-depth take a look at the platform, which has became one of many extra standard international cryptocurrency exchanges, particularly for customers seeking to commerce altcoins. I’ll cowl its buying and selling options, supported property, safety measures, and total person expertise. By the tip of it, you’ll know if MEXC is a protected crypto alternate and if it’s suited to your private buying and selling wants, in addition to the way it compares to a number of the main platforms like Binance and Bybit.

Who is that this evaluation for?

The evaluation is appropriate for each new and skilled merchants who wish to receive a deeper understanding of whether or not MEXC suits their buying and selling wants. This evaluation will in the end assist you resolve if MEXC is the proper alternate for you.

Quick verdict – key highlights and disadvantages

MEXC Exchange

Rating:

4.2/5

Huge choice of altcoins (1,500+)
Up to 500x futures leverage
Zero maker charges for spot & futures
Advanced options: Copy Trading, DEX+, Launchpad
Fast registration and responsive interface

Restricted within the US, Canada & a number of areas
Thin liquidity on some small-cap pairs
Limited fiat assist in comparison with top-tier exchanges
Mixed buyer assist suggestions

Visit Website

What is MEXC: Company Background

MEXC was based in 2018 and has since positioned itself as “Your Easiest Way to Crypto.” I’ve first seen and used the alternate in 2020, and it’s protected to say that it has come a great distance since then. It now serves thousands and thousands of customers throughout greater than 170 international locations. It presents a strong set of options and has transitioned past simply a crypto alternate.

Much like a number of the greater model names, MEXC now boasts a fully-fledged ecosystem with its native cryptocurrency, in addition to extra options comparable to launchpads, copy buying and selling, fiat on-ramps, and extra that I’ll cowl intimately on this evaluation.

One factor has at all times been clear, although – MEXC has at all times emphasised altcoin buying and selling. This is supported by the truth that it’s continually amongst the primary centralized exchanges to checklist new altcoins.

The platform additionally lets customers commerce with as much as 500x leverage on sure USDT-M perpetual futures, catering to these searching for excessive danger parameters.

Security: Is MEXC a Safe Crypto Exchange in 2025?

Security measures

MEXC options a layered safety system designed to guard customers’ accounts and funds. Among the supported measures are the obligatory two-factor authentication (2FA), robust password management, and machine login historical past monitoring.

In addition, the platform makes use of a mixture of cold and warm wallets, SSL encryption and anti-DDoS infrastructure, in addition to multi-signature wallets to safeguard person property and their buying and selling operations.

Its safety framework is described as “prevention -> monitoring -> response -> safety.”

Regulatory standing in key jurisdictions

While MEXC is clearly emphasizing its international presence, its regulatory standing varies by jurisdiction.

According to its official web site, MEXC doesn’t present companies to or settle for sign-in and buying and selling purposes from:

Canada, Cuba, Iran, Mainland China, North Korea, Russia-controlled areas of Ukraine, Singapore, Sudan, and the United States.

Moreover, particularly to the US, the alternate additionally notes:

This prohibition extends to all US territories and dependencies, together with the US Virgin Islands, US Minor Outlying Islands, and American Samoa. Residents of those areas can’t register, commerce, or entry any MEXC companies whatever the area or entry technique used. The restriction applies to each particular person and institutional accounts.

Track report

On the one hand, MEXC publishes common security- and reserve-oriented transparency knowledge. For occasion, it has bi-monthly Proof of Reserves audits, unbiased audits by safety companies like Hacken, discovering no essential or high-risk vulnerabilities within the net platform or the cell app, which reinforces its standing as a safe crypto alternate.

On the opposite hand, there are some regulatory controversies. For occasion, the Financial Conduct Authority within the UK has issued a warning that “MEXC Global Ltd,” is just not licensed to function within the nation. At the identical time, the Securities and Futures Commission in Hong Kong additionally flagged it as working with out a licence.

That stated, from a technical standpoint, MEXC doesn’t appear to have any safety challenges, however you may encounter some regulatory hurdles relying in your jurisdiction.

In 2025, MEXC was caught up in a broad public controversy over freezing prospects’ funds. CSO Cecillia Hsueh has taken a very proactive stance, and the alternate has labored to each launch funds and to enhance its inner risk-measuring techniques.

Insurance funds, proof of reserves

MEXC presents a variety of transparency and protecting mechanisms. It has an Insurance Fund Account, which is designed to cowl conditions when a leveraged place’s loss exceeds its margin in order that the successful counterparties are nonetheless paid.

The alternate can also be publishing Proof of Reserves knowledge publicly, displaying that person property are totally backed with reserve above 100% for a number of the main cryptocurrencies comparable to BTC, ETH, USDT, and USDC.

In addition, MEXC has a $100 million “Guardian Fund” – an initiative that’s designed to guard customers from large-scale safety threats.

Bottom line: Is MEXC a Secure Exchange?

From a technical standpoint, MEXC is a safe crypto alternate that has by no means been hacked. However, from a authorized perspective, you face regulatory hurdles relying in your jurisdiction.

Supported Markets & Features

Spot buying and selling

Spot buying and selling lets you buy and promote cryptocurrencies with fast settlement and full possession of the asset.

MEXC helps a very big selection of buying and selling pairs, together with however not restricted to:

Bitcoin (BTC)
Ether (ETH)
Ripple (XRP)
Cardano (ADA)
Binance Coin (BNB), and way more.

The total interface is intuitive and acquainted and is constructed round key parts such because the order e-book, the candlestick chart space, the order panel, the trading-pair choice space, the current commerce feed, and the standing space of your present orders. This is what it appears to be like like:

Futures

MEXC additionally helps a full derivatives swimsuit with its futures market. Here, customers can commerce perpetual contracts, which implies they commerce artificial property relatively than proudly owning the underlying ones. This, nonetheless, permits them to make use of leverage and superior order varieties comparable to set off orders, trailing stops, and extra.

The futures platform helps each USDT-margined (USDT-M) and Coin-margined (COIN-M) perpetual futures, in addition to cross and remoted margin modes to cater to extra skilled derivatives dealer.

In my expertise, the interface is easy-to-use and it brings a acquainted feeling to it. You need to watch out with liquidity, although. Because MEXC is fast to checklist new altcoins, a few of them have very skinny order books and if you’re a high-volume dealer, your orders may incur vital slippage due to inadequate liquidity.

This is what the derivatives buying and selling interface appears to be like like:

Copy buying and selling

Aimed on the much less skilled customers, MEXC’s copy buying and selling characteristic allows you to replicate the trades of extra seasoned and worthwhile merchants routinely.

I can see how this characteristic broadens the attraction of MEXC, permitting customers to learn from skilled (supposedly) perception whereas retaining the flexibility to evaluation danger parameters and efficiency. The choice dashboard is complete, however a phrase of warning: watch out when choosing the merchants you wish to copy, as their buying and selling type and positioning won’t align together with your danger urge for food and portfolio dimension.

You also needs to fastidiously look at their current trades to test the place the ROI and PnL stats are coming from. For occasion, the dealer might need taken one worthwhile commerce and several other shedding ones, which, given inappropriate sizing, might need a totally different influence in your account.

I wouldn’t advise you to dimension up with copy buying and selling as a result of there’s at all times the chance that accounts with a big following can open counter-trading positions on totally different exchanges to revenue from their followers.

MEXC Fees

MEXC Spot Trading Fees

Unlike nearly all of centralized exchanges, MEXC takes an attention-grabbing method and forfeits market-making charges for its spot pairs. This could be a vital low cost to these of you preferring buying and selling with restrict orders.

Maker charge: 0.0000%

Taker charge: 0.05%*

*You can stand up to twenty% off your taker charges if you happen to select to pay them with MX tokens, whereas additionally having fun with extra tier-based reductions if you happen to maintain MX tokens.

MEXC Futures Trading Fees

Similarly to identify buying and selling, futures merchants may take pleasure in no charges for market makers.

Maker charge: 0.000%

Taker charge: 0.020%*

MEXC Deposit/Withdrawal Fees

Deposit charges: There are not any charges for depositing funds into MEXC.

Withdrawal charges: The withdrawal charges rely closely on the community that you choose and its present load. More info could be discovered here.

Platform & User Experience

Web platform

Overall, I discover utilizing MEXC to be pleasant. The interface is comparatively intuitive – the format itself balances performance with effectivity. I’ll say this – if you’re an skilled person who has beforehand tried different standard exchanges, you can find completely no challenges navigating via MEXC. On the opposite hand – if you’re simply beginning out, the abundance of options could be barely overwhelming, nevertheless it doesn’t take lengthy to get used to it.

In my expertise, all of the instruments I examined labored as supposed, the charts have been loading quick, and I didn’t really feel like I used to be “combating” the UI.

That stated, I did discover a couple of minor hiccups when market volatility spikes. On lower-volume altcoins, the charts up to date barely extra slowly, and latency elevated. This has occurred on a lot of different exchanges and even large names like Binance and Bybit.

Mobile app

One of the primary issues I seen once I switched to the Mobile App (as an iPhone person) was how a lot of the desktop expertise it dropped at my telephone.

I used to be in a position to do just about all the things a cell person would—place orders, monitor charts, execute trades, observe portfolio adjustments, and extra. It’s okay on the battery utilization, however in fact, that might closely depend upon what telephone you utilize.

MEXC’s cell app is accessible for Android and iOS.

For me, personally, the applying does the job. You wouldn’t be doing the majority of your heavy buying and selling on a cell app, in fact, as a result of it does have some pure limitations. For instance, it’s laborious to commerce a couple of pair at a time or to execute orders as shortly as you’ll on a desktop laptop.

Does MEXC Require KYC?

The quick reply is sure, MEXC requires KYC for many of its platform options, however there are layers to that.

Here’s the temporary:

MEXC requires KYC to withdraw greater than 1,000 USDT per day, however fundamental buying and selling stays open with out verification. This additionally will depend on your area, so that you could be required to KYC nonetheless.
MEXC KYC necessities embrace a government-issued id doc like an ID card – this could suffice for Primary KYC (80 BTC restrict). Facial verification is important for Advanced KYC – 200 BTC restrict.
KYC verification is often processed inside 24 hours.

Customer Service & Support

Customer assist at MEXC is in depth. There’s a variety of totally different self-service options, that you could find helpful in sure conditions.

If you want to contact a reside buyer assist agent, you’ll have to both submit an inquiry or e mail them. There’s additionally on-line assist out there via a chatbot.

Trustpilot offers MEXC a low rating on their buyer assist – 1.8 (out of 5) based mostly on round 1100 evaluations. This tends to be the norm – a lot of the centralized cryptocurrency exchanges have very low scores on Trustpilot. This is actually because individuals are much less incentivized to depart a constructive evaluation relatively than to specific frustration, nevertheless it’s additionally vital to maintain under consideration.

Unique Features

DEX+

DEX+ brings ahead a hybrid on-chain buying and selling venue that’s designed to mix within the usability of centralized exchanges with the flexibility of supported property from decentralized exchanges (DEX).

Users are in a position to commerce greater than 10,000 tokens throughout a number of totally different blockchains, entry aggregated liquidity from quite a few DEXs, and reap the benefits of streamlined execution inside the MEXC account interface.

Naturally, DEX+ helps exterior pockets login and in addition presents “pockets as id” to streamline Web3 adoption. The 1% commerce charge is value declaring as effectively.

Meme+ buying and selling zone

As I defined to start with, MEXC has lengthy positioned itself as an altcoin buying and selling alternate and the Meme+ Trading Zone is simply one other affirmation of it. This is a devoted space for buying and selling trending on-chain meme coins curated by MEXC.

The objective of this product is to permit customers to entry early-stage meme coin alternatives with out having to make use of a Web3 pockets and a decentralized alternate. Keep in thoughts, although, that a lot of those development to zero and are extremely unstable.

Launchpad

The Launchpad is a token-issuance platform. It offers customers the prospect to entry tasks at discounted costs.

There are two key forms of occasions. The first is Early Access, which presents first-mover alternatives. The second one is the Discount Buy, which lets customers purchase a number of the extra mainstream tokens at discounted costs.

To participate, you will need to have accomplished the complete KYC verification. You can subscribe with supported tokens, together with MX, USDT, and extra.

Demo accounts

If you wish to begin buying and selling futures and you don’t have any prior expertise, I strongly counsel that you just take a take a look at the Demo buying and selling choice. You can discover it underneath the “Futures” dropdown towards the underside.

This is a nice option to take a look at your methods, to get a dangle of the general buying and selling expertise on the platform, to grasp the logic behind sure order varieties, and extra.

According to an official weblog publish on the MEXC web site, the demo buying and selling characteristic replicates reside buying and selling 100%:

MEXC Futures Demo Trading totally replicates the reside buying and selling interface, features, and market knowledge, masking main pairs comparable to BTCUSDT. This permits customers to observe in an setting that intently mirrors reside markets, guaranteeing a seamless switch of expertise to actual buying and selling.

Native Token (MX)

The native token issued by MEXC carries the ticker MX. It relies on the ERC20 token customary and operates on the Ethereum blockchain. It serves a number of features inside the alternate’s ecosystem.

For occasion, by holding MX, you’ll be able to unlock sure platform advantages. These embrace, however are usually not restricted to:

Discounted buying and selling charges
Participation in token gross sales (via the Launchpad)
Eligibility for airdrops, and way more.

Frequently Asked Questions (FAQs)

Is MEXC protected and legit?

Yes, MEXC is mostly thought-about a protected cryptocurrency alternate. It has by no means been hacked. However, there are official regulatory statements concerning its operations in sure jurisdictions that customers should take into account.

Can US / Canadian customers commerce on MEXC?

No. Both the United States and Canada are on the MEXC restricted nation checklist, and customers from these international locations can’t register an account.

How do I withdraw crypto from MEXC?

Crypto withdrawals on MEXC are very easy – the alternate helps all the standard networks, and the withdrawals are easy and fast.

MEXC Review 2025: Final Verdict

If you’re in search of an alternate to commerce new and up-and-coming altcoins, MEXC is normally among the many first exchanges to checklist trending altcoins. The interface is acquainted, intuitive, and straightforward to make use of. Notably, it lacks the order-book depth of some rivals on main pairs, however for the reason that alternate’s focus has at all times been altcoins, that’s comprehensible.

Despite its clear observe report on safety breaches, I might err on the aspect of warning, particularly if you’re in a jurisdiction the place the regulator has flagged the alternate. Despite the problems with frozen buyer funds in 2025, it seems that the alternate is transferring ahead and dealing to enhance its insurance policies. It would take extra time to correctly assess whether or not this may proceed to be the case. As with each different centralized cryptocurrency alternate, it’s at all times extra cheap to maintain funds that you just solely use for buying and selling functions.

Other than that, MEXC presents a seamless buying and selling expertise, a broad number of supported altcoins, a multitude of distinctive options, and extra.

The publish MEXC Review 2025: Is MEXC a Safe Crypto Exchange? appeared first on CryptoPotato.