Home » MEXC 2024: Complete Review 2024 (fees, features, pros and cons)

MEXC 2024: Complete Review 2024 (fees, features, pros and cons)

by Thu Hà

This review of MEXC will help you understand more about the services they provide, including immediate transactions, margin trading, ETF listings, future contracts, and much more. MEXC is known for its user-friendly interface, strong security measures, and continuous updates to its cryptocurrency inventory, helping it compete with the top products in this field. We know that thorough research is very important when you choose a platform to trade. Therefore, this review will provide you with all the information you need to know before deciding to trade on MEXC. Enjoy your reading!

1. What’s Our Verdict on MEXC?

MEXC is a top player in the world of crypto exchanges. It can handle a whopping 1.4 million transactions every second and offers more than 1700 tokens and 2600 trading pairs. Plus, it provides local support to over 170 countries. It’s no surprise that in just their first year, they managed to capture 5% of the global digital asset trading market.


  • Over 1700 cryptocurrencies
  • 0% Spot trading fees
  • Global – 170 Countries/Regions
  • Demo trading
  • Good Staking Rewards


  • Some high withdrawal Fees
  • Only supports USD, EUR & GBP for Fiat
  • Fluctuating License Clarity

2. How MEXC Excels

MEXC Global stands out with its 0% fees for both spot maker and taker, and a 0% futures maker fee with a minimal 0.02% taker fee. These benefits, along with a $1000 bonus offered through the MEXC referral code, make it a top choice among crypto exchanges.

MEXC is known for its low fees and has quickly become a solution to common issues users face with other exchanges, such as high trading fees and slow transaction speeds. Users can feel secure knowing they’re using a platform that complies with regulations and prioritizes the security of their funds and data.

Even with its strong regulatory compliance, MEXC offers limited trading and withdrawal operations without the need for KYC (Know Your Customer) procedures. This means users can use the platform without having to share too much personal information.

MEXC aims to cater to a wide range of users, providing an experience that both newcomers and seasoned traders can value.

3. MEXC Overview

4. Cryptocurrencies You Can Trade on MEXC

MEXC crypto trading offers a comprehensive exchange experience, boasting over 1791 coins and 2067 trading pairs. This is a significant offering compared to some top bitcoin brokers. For instance, Coinbase supports fewer than 250 cryptocurrencies, Binance.US provides access to just over 100, Crypto.com features over 250 different coins, while Kraken supports 185.

Here are some of the cryptocurrencies available on MEXC:

  • Enjin Coin (ENJ): Launched in 2018 on the Ethereum blockchain, it’s popular among gamers for creating virtual goods and currencies.
  • Solana (SOL): This advanced blockchain platform is known for its speed and user-friendly applications.
  • Decentraland (MANA): This cryptocurrency is used for buying, trading, and developing virtual real estate.
  • Filecoin (FIL): It allows users to store files on other people’s computers instead of large data centers, rewarding users who offer their extra disk space.
  • Axie Infinity (AXS): This GameFi token is used in the Axie Infinity decentralized game where players collect, raise, and battle fantasy creatures called Axies.

MEXC is continually adding new listings and aims to attract as many potential users as possible by capitalizing on all sectors of the cryptocurrency world.

5. MEXC Fees

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%.

6. The MEXC Futures Experience

MEXC offers two main types of perpetual futures. USDT-M uses USDT as collateral, while COIN-M uses the actual cryptocurrency as collateral. COIN-Ms are inverse futures, meaning they’re valued in USD but use cryptocurrency as a margin.
You can get up to 200x leverage with USDT-M perpetual futures, and up to 125x leverage with Coin-M perpetual futures.
MEXC’s trading platform is quite impressive. It’s built on a multi-layer and multi-cluster structure and can handle up to 1.4 million transactions per second, making it one of the top futures brokers globally.

After signing up, you can try out their demo trading floor to get a feel for the platform. And don’t worry, MEXC takes security seriously with measures like identity verification, two-factor authentication, and anti-phishing codes.

You can be a ‘maker’ who adds liquidity to the market, or a ‘taker’ who consumes it. MEXC offers flexible trading rules and various order types like limit orders, market orders, and trigger orders, catering to different trading strategies and market conditions.

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​.

7. 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

MEXC offers a wide variety of cryptocurrencies, providing numerous trading pairs in its spot market. The absence of trading fees for both maker and taker orders in spot trading makes MEXC a cost-effective choice. The platform comes with advanced charting tools, real-time data, and various order types to aid complex trading strategies.

MEXC’s exchange-traded funds allow traders to invest in a group of assets, offering a diversified portfolio. Leveraged ETFs can amplify returns but also heighten risks. You can also explore various futures contracts, including perpetual contracts for popular cryptocurrencies. By borrowing funds, you can trade larger amounts, which could potentially boost your returns.
Remember, while you’re provided with risk management tools like stop-loss and take-profit orders, borrowing for margin trades does involve interest rates.

Staking, API Trading & DeFi Services

MEXC provides both flexible and locked staking options for a variety of cryptocurrencies, giving users the opportunity to earn rewards. This means you can choose the staking option that best suits your needs.

The platform also gives you access to DeFi services, letting you participate in activities like yield farming. This gives you a chance to be part of the growing DeFi sector without having to interact directly with DeFi platforms. If you’re interested in automated trading, MEXC has got you covered with its robust automated trading support.

Whether you’re into traditional spot trading or more advanced futures and margin trading, MEXC is a versatile platform that caters to a wide range of trading styles and experience levels. Plus, its no-fee policy for spot markets makes it a cost-effective choice.

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 provides a smooth trading experience, complete with advanced trading charts and all the features you need right at your fingertips. It’s also recognized as one of the top platforms for copy trading worldwide.
A unique feature of MEXC is its demo trading option, a feature not commonly found in global exchanges. This allows users to practice futures trading with virtual funds, enabling them to try out perpetual contracts and leverage trading without any real financial risk.

Additionally, users can earn passively by staking popular cryptocurrencies like USDT and BTC, with annual percentage rates (APRs) ranging from 1.25% to 8.80%.

All these features are available in an app that’s as user-friendly and efficient as the website. So, whether you’re at home or on the move, you can trade without missing a beat.

Staking on MEXC

Staking on MEXC lets users earn rewards, often in the form of extra tokens, by simply holding certain cryptocurrencies. They offer two types of staking: flexible and locked. Flexible staking allows you to withdraw your tokens at any time, while locked staking requires you to keep your tokens locked for a set period.
In essence, staking involves committing your crypto tokens to a smart contract in order to earn more tokens as rewards. It’s similar to putting money in a traditional bank’s fixed deposit, but in a decentralized way. With the rise of cryptocurrencies and Decentralized Finance (DeFi), staking has emerged as a new way to generate income from your cryptocurrency holdings.
MEXC has launched a DeFi Staking program for stETH (staked Ethereum). Participants can enjoy an Annual Percentage Yield (APY) of up to 6.8%. However, as with all such programs, users should weigh the risks and benefits, and make informed decisions based on their strategy and risk tolerance.
Staking operates on a ‘first come, first serve’ basis, with daily payouts. Plus, MEXC’s user-friendly interface makes it accessible to users of all experience levels.

8. 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.

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.

9. 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.

10. 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.

11. 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​​​.

12. 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.

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