MEXC Review for 2024 – Fees, Features, Pros & Cons Revealed

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Our Verdict

Popular crypto exchange with low fees and a user-friendly interface

MEXC competes with the best crypto exchanges in the world, allowing 1.4 million transactions a second, offering 1700+ tokens, 2600+ pairs, and localized support to over 170 countries/regions. There’s a reason why they gained a 5% share of the global digital asset trading market within their first year of operating. It offers an extensive selection of cryptos and trading pairs, addressing the needs of both general and specialized markets.

The platform stands out for its competitive fee structure, notably offering 0% for both ‘maker’ and ‘taker’ trades, making it an attractive choice for traders looking for cost efficiency. Also, its user-friendly interface is designed to be accessible to both beginners and experienced traders.


  • Over 1700 cryptocurrencies on offer
  • 0% spot trading fees
  • Supports passive earning via staking with APRs up to 8.8%


  • High withdrawal Fees
  • Only supports USD, EUR & GBP for Fiat
  • Not enough educational resources

In this MEXC review, we’ll cover the range of services on offer, from spot and margin trading to ETF listings, futures and more. Known for its user-friendly interface, security measures, and consistent updating of its cryptocurrency inventory, MEXC competes with the best of them.

As it’s so important to conduct thorough research in this field, our MEXC review will be extensive and cover everything you’ll need to know before choosing to trade on this platform. Enjoy the read.

How MEXC Excels

MEXC Global can be exalted for 0% spot maker & taker fees, a 0% futures maker fee with a 0.02% taker fee.  These graces put the app right out ahead of the pack. You’re also offered a $1000 bonus via the MEXC referral code.

MEXC Boasts low fees

The platform has been able to jump in as a solution to many of the problems customers face with their current exchanges, like trading fees and speed. At the same time, they can rest assured that they’re using a regulatorily compliant platform – one that will keep their money and data secure.

Despite its regulatory pedigree, it offers non-KYC operations like limited trading and withdrawal. This means you can take advantage of the platform without divulging an uncomfortable amount of information.

The platform has cast a broad net, delivering an experience both new and experienced traders can appreciate.

MEXC Overview

Category Our Rating Comment
Number of coins 5/5 MEXC’s collection far exceeds that of the most popular exchanges in the United States. Tokens like Bitcoin come with no extra fee, save for a withdrawal toll of 0.0003.
Trading fees 5/5 0% spot maker & taker fees, a 0% futures maker fee with a 0.02% taker fee puts the MEXC app right out ahead of the pack
User Experience 5/5 The platform was designed to cater to both experienced and beginner traders.
Staking 4/5 They offer both flexible and locked staking, with the former allowing you to withdraw your tokens anytime and the latter leaving them locked for a fixed period.
Features 5/5 This exchange provides a number of features, allowing traders to maximise their money-making potential.
Trustworthiness 5/5 MEXC is licensed to operate in a number of scrupulous locations, like the UK, ranking it among the most compliant exchanges
Customer Service 5/5 MEXC offers exceptional customer service to users, with 24/7 Live chat and Multi-lingual Support

Cryptocurrencies You Can Trade on MEXC

MEXC crypto trading provides the definitive exchange experience, with over 1791 coins and 2067 trading pairs. In comparison to some of the best bitcoin brokers, that’s a considerable amount to offer. Coinbase supports less than 250 cryptocurrencies. Binance.US provides access to just over 100 cryptocurrencies. features over 250 different coins, but Kraken supports 185.MEXC holds so many Cryptocurrencies Among the cryptos featured on MEXC are:

Enjin Coin (ENJ), which launched in 2018 on the Ethereum blockchain. It is particularly popular among gamers for creating virtual goods and currencies. 

Solana (SOL) is an advanced blockchain platform that stands out for its speed. Its applications are also known to be practical and easy to understand for new crypto investors​.

Decentraland (MANA) is used to buy, trade, and develop virtual real estate.

Filecoin (FIL) allows users to store files on other people’s computers instead of large data centres. It incentivizes users who offer up their extra disk space through PoRep (Proof-of-Replication​).

Axie Infinity (AXS) is a GameFi token for the Axie Infinity decentralized game. Players collect, raise and battle fantasy creatures called Axies, and the game leverages blockchain technology to ensure the rarity of each creature.

MEXC is always adding new listings

MEXC has made the future its market, capitalising on all sectors of the cryptocurrency world and reeling in as many potential users as possible.

MEXC Fees for Spot Trading

Their exchange holds the lowest in the market, going as advertised at 0% spot maker & taker fees, 0% futures maker fee and 0.02% taker fee. This applies irrespective of the order type or trading volume.

Buying Crypto

The cost of buying Bitcoin on MEXC will primarily be the token itself, as there are no maker and taker order fees in spot trading. However, it’s important to note that other factors like spreads and withdrawal fees should also be considered when calculating the total cost on any exchange.

The withdrawal fees vary on MEXC, with USDT on the OMNI layer costing 20 units to move to your MEXC wallet.

Futures Trading

MEXC futures incentivize adding to liquidity. 

A maker is someone who adds liquidity to the market. This occurs when you place an order that does not immediately match with an existing order. Makers “make” the market by providing orders for others to take. A taker is someone who removes liquidity from the market. This happens when you place an order that is immediately matched with an existing order in the order book. Takers “take” an order that has already been made.

Futures makers are charged 0%, while takers are charged 0.02%.

The MEXC Futures Experience

The platform includes two primary types of perpetual futures. USDT-M uses USDT as collateral, and COIN-M uses the underlying cryptocurrency as collateral. COIN-Ms are inverse futures, as they’re denominated in USD but use cryptocurrency as a margin.

You can access up to 200x leverage in USDT-M perpetual futures, while Coin-M perpetual futures only offer up to 125x leverage.

MEXC’s impressive trading platform is built on a multi-layer and multi-cluster architecture. It is powered by a high-performance trading engine, handling up to 1.4 million transactions per second. These are just two reasons why MEXC is among the best futures brokers in the world.

Once you’ve signed up, you can enter their demo trading floor to get a feel for it yourself, even if you’re just looking at copy trades. Rest assured, the platform prioritizes security, with various measures like identity verification, two-factor authentication, and anti-phishing codes in place.

You can operate as either a ‘maker’ or ‘taker’, with makers adding liquidity to the market and takers consuming it​​. There are very flexible trading rules at play and different order types, including limit orders, market orders, and trigger orders. Each type caters to different trading strategies and market conditions.

MEXC's trading platform

You can also play with different margin modes, including cross margin and isolated margin, and it supports hedge mode for holding both long and short positions in the same contract​.

MEXC Trading Experience

The platform boasts many features, with clarity and detail. With a ‘night’ and ‘day’ theme, you can customise the interface to accommodate your visual needs. You can also expect a comprehensive range of trading options catering to all levels and strategies.

Spot & ETF Trading

With an extensive range of cryptocurrencies, MEXC provides a vast selection of trading pairs in its spot market. No trading fees for both maker and taker orders in spot trading make the exchange a highly cost-effective option. The platform offers advanced charting tools, real-time data and various order types to support sophisticated trading strategies.

Exchange-traded funds on MEXC allow traders to invest in a basket of assets, offering diversification. Leveraged ETFs can magnify returns but also increase risks. You can also access various futures contracts, including perpetual contracts for popular cryptocurrencies. You can borrow funds to trade larger amounts, potentially increasing your returns. 

Of course, you’re provided with risk management tools such as stop-loss and take-profit orders but make sure to note that borrowing for margin trades involves interest rates. 

Staking, API Trading & DeFi Services

MEXC offers flexible and locked staking options for various cryptocurrencies, enabling users to earn rewards. Flexible and Locked Options: The platform may offer both flexible and locked staking options, catering to different user preferences.

MEXC provides access to DeFi services, allowing users to engage in activities like yield farming. These services offer exposure to the growing DeFi sector without directly interacting with DeFi platforms. Automated Trading support is also a strong feature for those who’d appreciate integration with the best AI trading platforms.

From conventional spot trading to more complex futures and margin trading, along with its no-fee policy for spot markets, makes MEXC a versatile platform suitable for a wide range of trading styles and levels of experience.

MEXC Wallet Features

The MEXC wallet operates as both a hot and cold wallet, allowing users to store, manage, and transfer the various currencies the exchange supports. The wallet seamlessly integrates with the trading platform, enabling seamless transactions. Beautifully designed to be user-friendly for both beginners and experienced users.

Mobile App

The MEXC mobile app offers a seamless trading experience, with access to advanced trading charts – and just about all the bells and whistles you can fit on your screen. It also functions as one of the best copy trading platforms in the world.

MEXC mobile app

MEXC also provides a demo trading option, which is not commonly found among global exchanges. This feature enables users to simulate futures trading with fictional funds, allowing perpetual contracts and leverage trading without real financial risk. Users also have passive earning options to stake popular cryptocurrencies like USDT and BTC, with APRs ranging from 1.25% to 8.80%.

All this is wrapped up in an app that runs as smoothly as the website. Just as fast, just as sleek. If you’re on the go, you won’t miss a beat.

Staking on MEXC

Staking on MEXC allows users to earn rewards by holding certain cryptocurrencies – often in the form of additional tokens. They offer both flexible and locked staking, with the former allowing you to withdraw your tokens anytime and the latter leaving them locked for a fixed period.

Staking entails committing your crypto tokens to a smart contract to accrue more tokens as rewards. It’s akin to the decentralized version of placing funds in a traditional bank’s fixed deposit. The rise of cryptocurrencies and Decentralized Finance has introduced DeFi staking as a novel method for generating income from your cryptocurrency holdings.

MEXC has introduced a stETH (staked Ethereum) DeFi Staking program. Participants can enjoy an APY (Annual Percentage Yield) of up to 6.8%. As always, users should consider the risks and benefits of such programs and make informed decisions based on a well-considered strategy and tolerance.

Staking is on a ‘first come, first serve’ basis, payouts are daily, and the platform’s easy-to-use interface makes it accessible to users with different levels of experience.

MEXC Payment Methods

MEXC payment methods include:

  • Debit/Credit Card
  • Global Bank Transfer (SEPA)
  • Quick Buy/Sell
  • P2P Trading
  • MEXC MasterCard

Minimum Deposit

Deposits are largely free, with the exception of USDT(OMNI). Withdrawals vary from expensive to free. Debit card deposits usually adhere to the standard trading fee structure without extra charges based on the payment method.

MEXC's Deposit and Withdrawal fees

Withdrawal Times

Your chosen payment method can influence the speed of fund availability for trading. While bank transfers may require 0-2 business days for processing, funds from debit or credit cards are typically available immediately.

Customer Support at MEXC

MEXC offers exceptional customer service to users with various inquiries. Key perks of their service include:

  • 24/7 Live Chat: for any inquiry anywhere in the world.
  • Multi-lingual Support: accessible through email and live chat.
  • FAQs & Help Center: a comprehensive section on their website for common queries.
  • Community Support: lots of forums or social media channels where users can seek assistance and share information.

Marketplace Fairness noted MEXC’s premium help center and multilingual support. BeInCrypto commended MEXC for its solid user support setup, highlighting the prompt and helpful responses within the 24-hour timeline. A specific example cited in the review mentioned an issue related to delayed deposits – which was acknowledged and resolved quickly. Trading Browser gave it a 5/5.

Is MEXC Safe? Licensing & Security

MEXC takes licensing and security very seriously to ensure the safety of user funds and compliance with regulatory standards. This includes complying with Anti-Money Laundering (AML) regulations and related anti-terrorism funding rules.

They are also compliant with the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).

Extra steps are taken to secure your access to the platform, including:

  • Two-Factor Authentication (2FA), adding an extra layer of security to user accounts.
  • Encryption, like SSL/TLS for web traffic and Data-at-Rest for what’s stored on servers – such as personal information and transaction details.
  • Cold Storage, meaning MEXC holds a significant portion of assets offline.
  • KYC (Know Your Customer) procedure for user verification to prevent fraudulent activities.
  • Regular Audits and Compliance Checks to ensure the security systems are robust and up-to-date.

What Can MEXC Work on?

One review of MEXC noted the lack of a proper educational hub for beginner traders, which we too believe is essential for those new to crypto trading. They do have a blog site, which is growing by the day, but we recommend new users are clued up on the basics of crypto trading and exchanging before nose-diving in.

And while MEXC offers a wide range of crypto trading options, it does not support direct fiat currency exchange, which could be a limitation for some users​​​.

Our Review Methodology

When reviewing cryptocurrency exchanges, it’s crucial to adopt a fair, honest, and well-researched methodology.

Our approach involves a comprehensive evaluation of key aspects such as security measures, regulatory compliance, user experience, trading fees, available assets, and customer support. An honest and well-researched review should delve into the transparency or the lack thereof in fee disclosure and compare it with industry standards to ascertain affordability and fairness.

This holistic methodology ensures that our reviews not only present a factual, unbiased picture of an exchange’s offerings but also provide valuable insight to potential users, propagating educated decision-making. This is especially important, given how complex and ever-evolving the cryptocurrency landscape is.


MEXC emerges as a significant player in the cryptocurrency exchange landscape with several notable strengths.

  • A wide range of cryptocurrencies and trading pairs, catering to both mainstream and niche market interests. 
  • Competitive fees, particularly 0% for ‘maker’ and ‘taker’, positions it as a cost-effective option for traders. 
  • Global compliance and licensing, such as their MSB from the United States, reflect its commitment to regulatory adherence and operational legitimacy. 
  • A user-friendly interface, making it accessible to beginners and experienced traders. 
  • Customer Support is effective, with 24/7 live chat, in multiple languages.

We wholeheartedly recommend this exchange. However, as with any exchange, you should consider your trading needs, risk tolerance and the ever-changing nature of cryptocurrency regulations when evaluating MEXC. We advise staying updated with the latest information directly from the platform, and other reliable sources, as the crypto industry is known for its rapid evolution.


Is the MEXC exchange safe?

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Is MEXC a good crypto exchange?

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Michael Graw
Technology Expert
Michael Graw
Technology Expert

Michael Graw is an experienced writer in the business and B2B tech fields. His articles can be found on Business Insider, Entrepreneur, Tom’s Guide, and TechRadar, and cover everything from corporate finance to crypto and international tech regulation. A prolific copywriter and entrepreneur, Michael has worked with a wide range of SaaS and tech companies and has his finger firmly on the pulse of B2B tech and finance.