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MEXC Global

MEXC

2,000+

Coins 

0.10%

Trading Fee 

Seychelles

HQ

Updated Apr 18, 2024  |  Affiliate Disclosure

  • Review

  • Details

  • Alternatives

Highlights

  • MEXC is a popular centralized cryptocurrency exchange that allows spot, margin, and futures trading without KYC. You can sign up here to get up $1,000 in bonuses.
  • Users can enjoy competitive fees and substantial volume for 2,000+ cryptocurrencies and 300+ futures trading pairs.
  • The platform serves over 10 million users in 170+ countries. They hold a 81.15/100 security score from Certik and a 9/10 trust score from CoinGecko.

What is MEXC?

MEXC Global is a centralized cryptocurrency exchange where users can enjoy spot, margin and futures trading on 2,000+ cryptocurrencies and 300+ futures trading pairs. Their platform features high liquidity and zero spot trading fees, allowing you to get great rates on altcoins and fast execution on your trades.

The platform is available in 170+ countries and serves more than 10 million users, making it a popular choice worldwide. MEXC also has an optional KYC policy, appealing to traders who want to start trading quickly without having to provide personal information.

Things To Know

  • MEXC has more than 10 million users in 170+ countries
  • It's ranked one of our best crypto exchanges and best non KYC exchanges right now
  • KYC is optional, you can trade and withdraw with just an email address (up to 30 BTC/day)
  • It has high trading volume, ensuring you get good rates and your orders fill quickly. As of this writing, the 24-hour spot trading volume is $400M and derivatives is $4.1B
  • MEXC has very low trading fees: 0% spot trading fees and 0.01% taker fee on futures trades
  • Some other features include copy trading, paper trading, perpetual futures, and leveraged ETFs
  • It can be tricky for beginners to navigate

Who Can Use MEXC?

MEXC is available in 170+ countries. According to their terms of service, prohibited countries include: North Korea, Cuba, Sudan, Syria, Iran, Crimea, Mainland China, Indonesia, Singapore, Venezuela, the United States, and Canada. However, they do not require KYC so it's easy to avoid geo-blocks using a VPN like NordVPN.

MEXC KYC Requirements

Similar to platforms like LBank and StealthEx, MECX turns a blind-eye when it comes to KYC (however, a VPN might be required). Users can trade and withdraw with just an email, not having to share personal information. There is a withdrawal limit of 30 BTC per day for these email-only accounts, which is more than enough for most traders.

MEXC has three verification levels: Unverified, Primary KYC and Advanced KYC. Unverified accounts can withdraw up to 30 BTC per day without completing KYC. You can double check your withdrawal limit by signing up for MEXC and visiting the withdrawal page in your account. Primary and Advanced KYC get higher withdrawal limits and access to more features. These tiers require identity verification and facial recognition.

MEXC KYC Process

Key Features & Benefits

MEXC Homepage
  • 2,000+ cryptocurrencies: MEXC is popular for trading new altcoins and meme coins in the crypto world. This platform has more cryptocurrencies than any other exchange in our comparison tool.
  • Competitive Trading Fees: Spot trading has a 0.10% maker and taker fee, making it an excellent platform for frequent traders. Fees can also be lowered to 0% based on your MX holdings and trade volume.
  • 300+ Futures Trading Pairs: Go short or long with 1x-200x leverage. There are a variety of derivatives like perpetual futures, leveraged ETFs, and index ETFs available. Futures trading fees are also very low. There is a 0% futures maker fee and 0.02% taker fee.
  • High Liquidity: According to CoinMarketCap, MEXC has hundreds of millions in trading volume and billions in futures volume, ensuring that traders can execute orders quickly and efficiently.
  • Quick Registration: MECX turns a blind-eye when it comes to KYC. Users can trade and withdraw with just an email, not having to share personal information. There is a 30 BTC per day withdrawal limit for email-only accounts.

Other MEXC Features

  • Copy Trading: This feature allows users to follow and replicate the trades of top-performing traders on the platform.
  • ETF Index: Users can invest in multiple assets at once in order to diversify their risk.
  • Margin Trading: Margin trading on MEXC enables users to trade with larger positions than their initial investments by leveraging loans.
  • Demo Trading: Practice your skills with a paper trading account.
  • MEXC Savings: Advertised as a "simple and secure way to earn crypto." Do your research but you can earn APY on USDT, BTC, ETH and a variety of digital assets. 
  • Other: MEXC also a token launchpad allowing you to get airdrops of new tokens. There's a MEXC Mastercard, P2P trading, and they have their own MX native token.

MEXC Walkthrough

Let's walkthrough the MEXC account and its key services.

MEXC Profile

MEXC Account Dashboard

Your MEXC account offers spot, margin and futures trading on 2,000+ cryptocurrencies and 300+ futures trading pairs. There are 0.10% spot trading fees and if you click on the withdraw button, you can view your daily withdraw limit which as of this writing is 30 BTC per day without KYC.

Spot Trading

MEXC Spot Trading

MEXC has an advanced trading dashboard. Trading pairs are mostly with USDT. According to the website, there is high trading volume, ensuring your orders fill quickly and help get good rates when making trades. Most notably, there are zero spot trading fees.

Futures Trading

MEXC Bitcoin Perpetual

MEXC allows users to trade with 1x-200x leverage, depending on the asset. Over 300 crypto futures are supported, which is more than most crypto exchanges. You can compare leverage exchanges here.

As of this writing, MEXC has a 24-hour volume of $4.1 billion USDT according to the website. The exchange's high liquidity ensures that traders can execute trades quickly and with ease. In addition, the there is a 0% futures maker fee and 0.02% taker fee.

Copy Trading

MEXC Copy Trade

Copy trading allows you to replicate the trades and strategies of successful traders. In theory, this helps beginners earn more easily but profits are not guaranteed. All orders are placed automatically when you decide to follow a trader and no additional fees are charged for copy trading transactions.

MEXC Reviews According to Reddit

There are concerns with small altcoins getting delisted without warning and brand new listings dumping 80%. The Trust Pilot reviews are also very poor, with people claiming MEXC is a scam. However, most people on Reddit and other online review sites seem to enjoy MEXC for its easy leverage, thousands of altcoins, and no KYC. MEXC has a 3.8 star rating on Google Play with 26,000 reviews. 

  • A user on Reddit wrote, "MEXC has been very nice and easy to use. I've used KuCoin as my Non-KYC go to but now I'll use both - they have a crazy amount of coins listed too."
  • "MEXC seems to be the sub's favourite right now, nonetheless, be careful of exchanges, don't forget..."
  • Another Redditor mentioned, "They're safe. I wouldn't leave crypto sitting on there but it's a decent exchange and if you enable 2FA it uses both your email and your 2FA so it's sortakinda 3FA"
  • A Trust Pilot review says, "They will trigger your (Tigger Price -Limit Buy) order even if your entry price is more than 5% away from the market price, and they will stop you out at the same time. Please stay away from this scam platform."
  • "I was able to trade without signing up for KYC. They’re safe to buy from nothing shady or anything. But withdrawl your crypto immediately to your wallet or choice, same as other exchanges. All in all I would recommend, it’s not as user friendly as CoinBase but the process is pretty simple"
  • Some reviews on Google play have issues with small altcoins saying "They delist tokens without warning. Beware" and "launches scam projects ...all projects down 80% after listing ...no buyer on mexc... sometimes suspend deposits without notice...sometime suspend withdrawals."

MEXC Security

MEXC is secure. They have been operating since 2018 and have never been hacked or lost user funds. They also have a Proof of Reserves on their site and hold crypto assets in cold storage. Users can further secure their account with two-factor authentication (2FA) and address whitelisting for crypto withdrawals.

One of the concerns I found are the Trust Pilot reviews, where several users claim MEXC is a scam. People claim that MEXC either stole their money or liquidated their account illegitimately. On the flip side, reviews on Reddit, Google Play, and the App Store are mostly positive. In my experience, I have never had issues depositing, trading and withdrawing from MEXC, so it's hard to verify the concerns.

Another potential concern could be that MEXC is unregulated in most jurisdictions. While MEXC is considered safe, they are not on the same level as heavyweights like Coinbase or Kraken when it comes to safety. Lastly, MEXC rocks a 81.15 out of 100 security score from Certik and a 9 out of 10 trust score from CoinGecko.

MEXC Review

MEXC provides easy access to leverage, over 2000 altcoins, and some of the industries lowest fees, without having to KYC. Users can quickly sign up and start trading with as little as an email, and withdraw up to 30 BTC per day instantly. In addition, it has over 10 million users and billions in derivatives trading volume.

However, some of the downsides include no support for fiat currencies, poor reviews on Trust Pilot, and limited liquidity on some small altcoins. Overall, MEXC can be a low-cost exchange to trade a huge selection of altcoins. 

Pros & Cons

  • Huge selection of 2,000+ cryptocurrencies
  • Up to 200x Leverage
  • No KYC requirements
  • Substantial trading volume
  • Zero spot trading fees and low futures fees
  • Some small altcoins have low liquidity
  • Bad reviews on Trust Pilot
  • Tricky for beginners
  • No support for fiat currencies
  • Not much info about their security

MEXC Alternatives

Every year, RankFi updates their comparison tool and makes a list of the best crypto exchanges in the world. Check out how MEXC stands against our other favorite platforms:

OKX

OKX is a fast-growing exchange with a a sleek user-interface and low fees.

  • 400+ coins, 180+ futures
  • High volume + low fees
  • 100x leverage
  • Fewer altcoins
  • Unavailable in some areas
Binance

The world's largest exchange by trading volume with low fees and tons of features.

  • 400+ coins, 300+ futures
  • Highest volume + low fees
  • 125x leverage
  • Unavailable in some areas
  • Less beginner-friendly
BYDFi

BYDFi is one of the top no KYC, no VPN exchanges where anyone can sign up and trade.

  • 500 coins, 180+ futures
  • No KYC, No VPN
  • 200x leverage
  • No fiat trading pairs
  • Not beginner-friendly

FAQs

Does MEXC Require KYC?

No, MEXC allows users to trade and withdraw without KYC and without sharing personal information. A VPN like NordVPN or Surfshark might be required if you live in the USA or certain geo-blocked regions.

Are there any trading fees on MEXC?

MEXC charges zero spot trading fees, making it an excellent platform for frequent traders.



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