MEXC crypto exchange review – Everything you need to know

Introduction

MEXC is a prominent crypto exchange platform, which is popular for its mega transaction matching technology.  Founded in 2018, this platform caters to over 10 million on 2100+ crypto pairs. The wide range of coins, higher trading volume, and availability in more than 170 countries made this platform unique.

MEXC is a regulated platform with compliance licenses from 5 known nations like Canada, Switzerland, Australia, and the US.

The biggest strength of the MEXC platform is its high-performance trading engine, made by industry experts. As a result, the platform is above 1.4 million transactions per second, which could be a remarkable performance in the industry. 

Among other key benefits, the localized customer support and top-notch security might be a matter of consideration. However, investing in a crypto platform needs additional attention to the fund's safety and security. In the following section, you will have a neutral and comprehensive overview of the MEXC crypto exchange, which might help you make a better investment decision in the crypto space. 

Platform overview

The first thing that might attract users is its availability of assets. You can easily buy popular cryptos like Bitcoin (BTC), Ethereum (ETH), Tron (TRX), and many others from this platform within a minute.

Based on our findings, you can buy these cryptos from the MEXC platform from your credit/debit card:

• Bitcoin (BTC)
• Ethereum (ETH)
• EOS (EOS)
• Tether (USDT)
• Ripple (XRP)
• Tron (TRX)
• USD Coin (USDC)
• True USD (TUSD)

The buying opportunity is limited to large-cap and stable coins so that investors might not face a loss from the excessive price fluctuations from lower-cap coins. 

MEXC has been providing services since 2018 and now serves people from 170+ countries, including the US and the Eurozone. So, where you live does not matter; you can easily take services from this platform if you reside in the above-mentioned countries.

Also, if you are a beginner in the crypto industry, you might find this platform user-friendly. The first thing that might grab your attention is the Help Center, where a deep overview of the platform is present, which a novice can understand. It is true that the crypto trading platform is complicated, but new investors can simplify it by spending some time in the tutorial section. 

Key features

In this section, you will see the core part, as the main aim of a crypto exchange is to trade in the spot or futures market and make money.

Spot trading 

The spot trading option is available from the top-bottom side. Once you click, it will open a trading platform where the chart details are present. Under spot trading, you can trade 1500+ crypto pairs with different order types. 

The list of available currency pairs is visible on the right side, and in the middle section, you will see the trading chart.  MEXC offers instant and pending buy/sell orders while performing in-depth analysis with candlesticks and trading indicators. 

Based on our findings, the spot trading section is sophisticated compared to other platforms, with many options and functions. 

Futures trading

New traders often find futures trading confusing as they are unfamiliar with the leverage, margin, etc. Therefore, MEXC provided a video guideline in the futures trading section so that new traders can easily get into it.

You can profit from bullish and bearish movements on any crypto pairs, with a maximum leverage of 200X.  The USDT-M section offers Perpetual Futures using USDT as the collateral, while the COIN-M offers Perpetual Futures using the underlying crypto as the collateral.

ETFs trading

There are very few crypto platforms that offer ETFs trading, and MEXC is one of them. You can access the ETFs section by clicking ETFs from the top menu bar to perform leveraged trading in ETFs.

Like spot and futures trading platforms, the ETFs trading shows the list of the available assets on the right side, and you can easily take the market, limit or stop limit orders from the bottom side.

MEXC staking

MEXC is one of the crypto trading platforms which offers traditional staking services. It offers staking through monthly and daily profit distributions, where the collection of assets is satisfactory.

Among popular staking, USDT (8.8%), Core DAO (up to 50.0%), Ethereum (up to 4.0%),  and XRP (up to 6.0%) are popular.

MEXC copy trade

It would be an effective option to make money online for those with less idea about trading. The MEXC copy trading section consists of a list of profitable traders and their performance with a statistic.

Users can easily pick and copy a profitable trader within a few clicks. MEXC shows all-time and last 7 days' performance in a box to ensure the performance. 

Security

MEXC Exchange has taken extensive measures to ensure the utmost security of transactions occurring on its platform. In addition to an anti-DDOS system, MEXC implemented a specialized and state-of-the-art security risk control system. 

In addition, MEXC employs a variety of security mechanisms, such as multi-signature and offline signatures, in addition to a layered architecture. These safeguards are designed to ensure the security of digital assets stored in cold wallets, adding an additional layer of protection to users' assets. Based on our findings, we can say that the platform has adopted robust security features to protect user assets.

To ensure the security of user assets, MEXC requires new accounts to undergo a comprehensive Know Your Customer (KYC) procedure. In addition, the platform utilizes the Google Authenticator app to enforce two-factor authentication (2FA). In addition, an anti-phishing code is implemented, and a whitelist for withdrawal attempts is compiled to prevent unauthorized withdrawal attempts.

Fees

MEXC platform has become popular for its top-notch service with lower fees. Let’s see details of the fee structure in the following section:

Deposit and withdrawal fees

The good news is that most of the crypto deposit options are free from fees on this platform. We have extensively reviewed the fee structure and found it enough to compete with other prominent platforms.

Under the USDT deposit section, only a $5 fee is applicable from the OMNI channel, while it's free for MX tokens, Bitcoin (BTC), and Ethereum (ETH).

Trading fees

MEXC Exchange has a fee structure that is both competitive and advantageous for users. One of MEXC's most appealing features is its fee-free deposit option. This enables users to contribute funds to their accounts without incurring any additional fees.

Regarding trading activities, there are no fees for buying and selling cryptos on the spot market. The zero fees on-the-spot transaction costs in a highly competitive arena made this platform comparable to other prominent exchanges.

In the context of futures trading on MEXC, makers are not subject to any fees. Takers' fees have recently decreased to 0.01%. This economical fee structure corresponds with margin trading platforms. 

In addition, fees are subject to further reduction based on the monthly trading volume of customers.

In conclusion, MEXC's fee structure demonstrates its superiority over competitors. Possession of MX tokens enables users to significantly reduce trading costs, making MEXC a compelling option for cost-conscious traders.

User experience

MEXC grabbed the attention of retail to institutional investors, which makes it perfect for regular traders. As discussed above, someone without trading experience can join here and learn basic stuff from the help center. Also, the MEXC blog covers regular market updates, company developments, and news so that people can remain in touch.

As this platform is available in 170+ countries, it focuses on expanding the availability of every device. Its iOS version has 200+ positive reviews, while the Android version has 1M download records. 

The live chat support is available in 18 languages with 24/7 availability. Based on our findings, the speed and quality of the live chat support is satisfactory. 

The negative factor of the company is its Trustpilot score, which shows a score of 2.1 out of 5.00 based on 200+ user reviews.

Liquidity and volume

According to the report from Coinmarketcap, the average daily trading volume in MEXC is $499,363,236.01 or 20,000 BTC. The value of the total asset on the platform is $1,251,913,501.85, while the stablecoin USDT takes the majority portion.

46% of the company’s holding comes from USDT, while the company’s own token, MX, is in the second position with 22% holdings. Another value of holdings based on the current data is shown below with a list:

Community and educational resources

As a global platform, MEXC ensured its presence on the maximum social media and platforms so that people of any platform can interact. Based on our findings, MEXC is present on 15 social media platforms, including Facebook, TikTok, Twitter, LinkedIn, Instagram, etc.

MEXC Learn would be a good option for beginner traders as it covers a one-stop guide to crypto trading. It covers general crypto learning to platform-based education so people can easily find a topic and learn independently. Based on our findings, the learning library is sophisticated and designed for a novice to understand.

Deposit and withdrawal methods

MEXC offers buying cryptos with 26 different fiat currencies, which made this platform popular in different countries. What other benefits does the platform offer? Let’s see:

Crypto/Fiat deposit

Buying and selling cryptos are primary aims for the people in a crypto trading platform. MEXC would disappoint them as it covers popular crypto-buying methods, as shown below:

• Debit/Credit card- Buying crypto using debit//credit card is easy, and it needs some simple steps to complete. 
• Global bank transfer- This option is popular among Eurozone citizens as you can buy cryptos through the SEPA bank transfer.
• MEXC P2P trading- Under the P2P section, investors can buy and sell cryptos to other people within the MEXC platform. This section is popular with people where crypto buying is impossible through Credit/Debit cards. Once you open a buy or sell order, the platform becomes a medium to provide funds safety.
• MEXC third-party payment- If you cannot buy from the above-mentioned methods, this third-party option might help you. Under this method, popular platforms are available, such as monpay, banza, simplex, and Mercuryo. 

It is important to remember that the fiat method's availability depends on the country of resistance. However, for crypto deposits, there is no restriction on locations.

MEXC Video Tutorial

Crypto/Fiat withdrawal

Direct crypto withdrawal is possible from this platform without any hassle, where the withdrawal speed depends on the blockchain network.

For new or unverified accounts, the withdrawal limit for 24 hours is 5 BTC. However, the platform will increase the limit to 50 BTC daily if the account is KYC verified. You might have to pay a withdrawal fee where the rate is dynamic.

However, the biggest drawback of the company is its fiat withdrawals. As per our findings, fiat withdrawals are not possible on this platform.

Regulatory compliance

As MEXC is a multi-regulated platform, the regulating body depends on the geographical area where the company offers services. In all cases, the platform collaborates with local laws and jurisdictions to perform secure and reliable services. 

As per the company’s terms, the platform is strict about the KYC and anti-money laundering policies to meet the requirement set by the local law and jurisdictions. 

The company requires basic information about the client, like name, address, date of birth, and other KYC documents required by the local jurisdictions. Also, the client must submit a photo holding the identity documents.

MEXC alternatives

Trading Platform	Leverage	Available futures Cryptos	Review	Promotion	Website
	leverage up to x100	Over 250	Bitget Review	Welcome bonus available	Trade Now
1	leverage up to x100	Over 100	Bybit Review	Welcome bonus available	Trade Now
	leverage up to x100	5	Primexbt Review	Welcome bonus available	Trade Now
	leverage up to x100	Over 100	Okex Review	Rewards available	Trade Now

Conclusion

We can conclude by saying that MEXC is a versatile crypto exchange with a trading opportunity of more than 1000 cryptos. The user-friendly platform, with ETFs and copy trading, might make this platform unique in the industry. 

The lower trading fee, stable mobile app, and availability in 170+ countries could indicate that a platform is a legitimate place for traders worldwide. Based on our findings, this platform has all qualities that novice to experienced crypto traders seek, but every person should be aware of the risk associated with the market before jumping in with real money.