Overview
MEXC is a global cryptocurrency exchange founded in 2018 and headquartered in Singapore. It operates in over 200 countries and has a user base of more than 7 million. The platform is known for its extensive selection of cryptocurrencies, listing over 1,500 tokens, often offering new listings faster than many competitors.
MEXC provides a wide range of services, including spot trading, futures trading, leveraged ETFs, staking, and an IEO launchpad. The exchange supports up to 200x leverage on select futures trading pairs. Additionally, MEXC has its own token, MX, which provides trading fee discounts and access to exclusive features.
The platform supports multiple languages and offers a mobile app for both iOS and Android, making it accessible to a broad international audience.
Trading Conditions & Fees
| Category | Details |
|---|---|
| Spot Trading Fees | 0.2% (Maker & Taker) |
| Futures Trading Fees | Maker: 0.02%, Taker: 0.06% |
| Fee Discounts | Up to 20% discount when using MX tokens (Maker fee can be 0% during promotions) |
| Listed Cryptocurrencies | 1,500+ |
| Minimum Trade Size | Approx. $1 (varies by pair) |
| Max Leverage | Up to 200x on futures |
| Deposit Fees | Free for cryptocurrency deposits (no fiat deposits available) |
| Withdrawal Fees | Varies by cryptocurrency |
| BTC Withdrawal Fee | 0.0003 BTC per transaction |
Security
- MEXC implements strong security measures, including two-factor authentication (2FA), anti-phishing codes, and multi-signature wallet management.
- Most assets are stored in cold wallets to enhance security and prevent potential breaches.
- No major hacking incidents have been reported as of 2023.
User Reviews & Experience
Pros
✅ Large selection of cryptocurrencies (1,500+ listed tokens)
✅ Low trading fees with MX token discounts
✅ High-leverage futures trading (up to 200x)
✅ Frequent new token listings
✅ User-friendly UI and mobile app
Cons
❌ No direct fiat deposits or withdrawals
❌ Slower withdrawal processing times for some users due to security checks
❌ Customer support response time can be inconsistent
Final Verdict
MEXC is an excellent choice for traders looking for access to a wide range of cryptocurrencies, competitive fees, and high-leverage trading options. The exchange is particularly appealing for those interested in early-stage crypto listings and futures trading. However, its lack of direct fiat support and occasional slow withdrawals may be drawbacks for some users. Overall, MEXC is a strong contender among global crypto exchanges, offering an extensive selection of assets and innovative trading features.
