This MEXC review will help traders find out what makes this exchange a go-to place for crypto enthusiasts. We’ll talk about its main features and services, fees and rates, and pros and cons.

We’ll finish our MEXC exchange review by discussing its payment options, customer service, and the main reasons why crypto traders choose MEXC.

Here’s all you need to know.

MEXC Platform Review — Key Takeaways

  • A user-friendly platform that offers competitive trading fees and supports more than 2,000 crypto assets and 2,350 trading pairs.
  • It allows its users to support promising crypto projects on Launchpad and Kickstarter.
  • MX token holders will be able to receive free token airdrops and a 50% discount on trading fees.
  • The MEXC platform offers a demo trading feature and a copy trade feature to allow both novice and advanced traders to practice their trading strategies.

What Is MEXC?

MEXC crypto exchange was founded in 2018 in Seychelles. This centralized exchange has over 10 million users and is available in over 170 countries. The platform also received the “Best Crypto Exchange Asia” award in 2021. What sets MEXC apart from the competition is the speed with which it processes transactions — 1.4 million transactions per second.

The MEXC trading options include spot and futures trading, both of which come with low maker and taker fees. New members will also get to claim a MEXC sign-up bonus of 1,000 USDT and participate in future competitions.

MEXC supports over 2,000 cryptocurrencies and 2,350 trading pairs, which is much more than its competitors like Binance and Coinbase. Likewise, its market includes an extended list that includes Solana, BRC-20, Bitcoin inscription, meme coins, GameFi, NFTs, POW, metaverse, Layer2, etc.

MEXC also has a native token, MX, which can be used to vote on Kickstarter and Launchpad and get a 50% discount on trading fees.

All the abovementioned factors make this CEX suitable for daily traders and those who want to invest in crypto projects in the development phase.

MEXC Pros and Cons

Pros

  • Tailored for both beginner and professional crypto traders
  • Supports 2,000+ cryptocurrencies and 2,350+ trading pairs
  • Multiple earning opportunities, from staking and sign-up bonuses to airdrops and MX events
  • Low maker and taker fees for spot and futures

Cons

  • High withdrawal fees
  • Limited payment options

As you’ll soon find out from our MEXC review, this is a user-friendly platform that’s tailored for both beginners and professional traders. That said, beginners will be able to use the MEXC demo trading feature that simulates futures trading. This will help them become familiar with different trading strategies without investing real money. There’s also the MEXC copy trade feature that will help experienced traders improve their trading strategies.

MEXC supports 2,000+ cryptocurrencies, from mainstream coins, like BTC and ETH, to stablecoins, GameFi, and real-world assets, like CTC, JOLT, and XEP.

Traders will be able to earn passive income through staking, the MEXC Savings option, and the Simple Earn option. They’ll also be able to earn additional income by participating in MX events and airdrops via Kickstarter and Launchpad. And finally, MEXC offers low maker and taker fees. For spot trading, they amount to 0.100%, while for futures trading, they amount to 0.000% and 0.020%, respectively.

On the other hand, this platform comes with high withdrawal fees and limited payment options.

MEXC Fees and Rates

There are no MEXC deposit fees if you use their platform to make a deposit, while third-party deposits come with a fee when buying USDT. At the same time, the MEXC withdrawal limit will depend on the account you use. On that note, the withdrawal limit stands at 80 BTC for Primary account users and 200 BTC for Advanced account users.

MEXC trading fees for futures and spot trading vary from 0.000% to 0.100%. To be more precise, MEXC spot trading fees for makers and takers amount to 0.100%, while MEXC futures fees amount to 0.000% for makers and 0.020% for takers.

Keep in mind that the MEXC withdrawal fees will depend on the cryptocurrency used. For example, the withdrawal fees for BTC and ETH are 0.0002 and 0.002, while some coins come with zero fees, such as NEKO, 3D3D, and A5T.

Type of Fee Spot

Futures

Maker fee

0.100%

0.000%

Taker fee 0.100%

0.020%

MEXC Crypto Exchange’s Main Features and Services

Here are the main features that make this platform stand out:

Supported Wallets

This platform supports multiple crypto wallets, like Trust Wallet, MetaMask, and Ledger. However, traders will also be able to use a MEXC wallet, which is a combination of a hot and a cold wallet. This crypto wallet is integrated into MEXC’s trading platform, enabling users to conduct smooth transactions.

Supported Cryptocurrencies and Trading Pairs

As already mentioned in this MEXC review, this platform supports 2,000+ crypto assets and more than 2,350 trading pairs. This means that traders will get to pair BRC-20 tokens, like ORDI, COM, and SATS, with USDT, as well as coins from the BTC, Solana, and Arbitrum ecosystems. There’s also an extensive list of some of the best GameFi crypto tokens, such as SAND and AXS, and meme coins, like PEPE, DOGE, and SHIB.

Lending and Borrowing Tools

MEXC Savings feature allows traders to earn yield by choosing between locked savings and flexible savings options. The former is suitable for hodlers, while the latter is suitable for short-term traders.

At the same time, MEXC’s Simple Earn feature allows traders to earn passive income on BTC, ETH, USDT, and USDC. The estimated APR stands at 0.38% for BTC, 0.55% for ETH, 0.95% for USDT, and 1.25% for USDC. MEXC also provides a loan option. Traders can borrow USDT and TON for a 0.01% daily interest. The loan period lasts 30, 50, or 90 days.

User Experience

MEXC is a platform that is suitable for both advanced and beginner traders. On that note, it comes with a user-friendly interface, and it offers educational resources. Moreover, beginners will be able to use its demo trading feature to practice and get familiar with different trading strategies. On the other hand, advanced traders will get to use the copy trade feature to improve their strategies.

Availability

Countries

The MEXC countries allowed list contains over 170 provinces. Although MEXC earned an MSB license in 2020, it was revoked due to regulatory compliance concerns, which means MEXC is no longer available in the US. This platform is also prohibited in:

  • North Korea
  • Cuba
  • Sudan
  • Syria
  • Iran
  • Crimea
  • Mainland China
  • Indonesia
  • Singapore
  • Venezuela
  • Canada

Devices

This digital services platform comes with a desktop and mobile app. The MEXC app is compatible with Android and iOS devices, 12.0 or later. The MEXC exchange rating on the App Store stands at 3.9, while on Google Play, this figure stands at 3.7 out of 5.

The app has a user-friendly interface, and it comes in two modes — light and dark. It also comes with an optimized display of historical orders, a list of last-used addresses, and labels for order types.

In short, traders on the go will get to use this app to access different markets, trade spots, and futures, as well as manage their portfolios.

Payment Methods

MEXC supports the following payment options:

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

The MEXC MasterCard is available in 29 European countries, such as France, Germany, Italy, and Spain. Only members who have an advanced KYC account can apply for this card. Members who live within the EEA area won’t have to pay a transaction fee, while those who live outside the EEA area will have to pay a 2% transaction fee.

Withdrawals take between a few minutes and two business days, depending on the payment method. Keep in mind that third-party payments come with higher withdrawal fees.

MEXC Customer Service

MEXC offers 24/7 customer support that includes live chat and email. You can also submit an inquiry or visit the FAQ section. However, if you want to talk to its customer team, you’ll need to create an account first.

The MEXC KYC requirements come in two variants — primary and advanced. For primary KYC verification, you’ll have to provide basic information. This option will increase your 24-hour withdrawal limit to 80 BTC. However, you’ll have limited access to OTC transactions. The advanced KYC verification includes basic information and facial recognition authentication. This option will increase your 24-hour withdrawal limit to 200 BTC, and you’ll get unlimited access to OTC transactions.

MEXC supports multiple languages, and you’ll be able to use its Self-Service feature, which includes the app download tutorial and setting anti-phishing codes. Their support team usually responds within one working day when it comes to email inquiries. However, when it comes to live chat, its team responds within minutes.

Why Pick MEXC

MEXC is a good option for daily traders, hodlers, and those who are into early crypto projects. Traders will be able to trade spot and futures for a small maker and taker fee that stands at 0.100% for spot trading and 0.000% and 0.020% for futures trading.

In addition to that, this platform offers demo trading and copy trade features. This makes it suitable for beginners and advanced traders.

For many traders, MEXC is a go-to platform thanks to its large 24-hour trading volume that amounts to over $58 billion, a considerable number of tradable coins, and exclusive MX events, bonuses, and airdrops.

For example, new members will be able to earn a 1,000 USDT bonus by completing 15 tasks, each of which carries between 5 and 500 USDT. At the time of writing, MEXC is offering an April Futures Competition that rewards participants with up to 8,000,000 USDT.

As we mentioned earlier in our MEXC review, traders will be able to use several ways to earn passive income, from staking to using Savings and Simple Earn options.

Conclusion

We hope that our MEXC review will help you determine if this platform is a good choice for you. That said, in our opinion, MEXC is one of the best centralized exchanges as it offers low maker and taker fees for spot and futures trading. Moreover, this platform is suitable for both experienced and beginner traders. On top of that, MEXC supports 2,000+ crypto assets and 2,350 trading pairs, and there’s a sign-up bonus of 1000 USDT.

FAQs

Is MEXC a reliable exchange?

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