Crypto exchange choices are difficult; platforms claim the best fees, tokens, and safety. MEXC, active since 2018, grows globally. Many now ask: Is MEXC a safe crypto exchange? In this MEXC review, we’ll take a closer look at the exchange’s security measures, user experience, supported assets, and overall reliability to help you decide if it’s the right platform for your trading needs this October.

MEXC At A Glance: Main Highlights

What is MEXC?

MEXC is a worldwide cryptocurrency exchange where you can easily buy, sell, and trade a diverse range of digital assets. Ryder Junji created the company, while John Chen, a Singaporean businessman, serves as its CEO. Its headquarters are located in Victoria, Seychelles.

The platform offers a variety of services, including spot trading and leveraged exchange-traded funds (ETFs), perpetual futures, NFT Index, and even portfolio management, among others.

MEXC also offers services like margin trading, staking, and airdrops to its over 40 million users worldwide. Banking professionals built the robust MEXC exchange engine, which handles 1.4 million transactions each second, ensuring high-speed performance and efficiency.

With a variety of cryptocurrencies and trading pairs as well as multilingual support to enhance user’s trading experience, MEXC tends to user’s every need. User’s security is prioritized through a multi-tier, multi-cluster system architecture.

If you’re looking to diversify your portfolio further, MEXC has staking and earning services, a launchpad for new projects, and demo trading for newcomers. Additionally, developers can use MEXC’s API to integrate data directly into their applications.

MEXC has earned multiple licenses, like an MSB license in the US, one from AUSTRAC in Australia, and an MTR license in Estonia. These and other licenses allow the platform to provide exchange, wallet, and remittance services globally and in most regions of the world.

In 2023, MEXC experienced regulatory hurdles, including getting warned by the British Columbia Securities Commission (BCSC), Austria’s Financial Market Authority (FMA), and Germany’s BaFin. In addition,the FIU revoked its Estonian license in November 2023.

Pros of MEXC

• An extensive range of trading pairs and cryptocurrencies. More than 2,700 virtual currencies are exchanged, mostly in USDT-denominated pairs. New coins are introduced quickly thanks to the voting method for new listings.

• The platform has clear and upfront fees based on the activity type, trading pair, user VIP level, and MX tokens held. MEXC offers 0% maker and 0.0% taker fees on spot; 0% maker and 0.01% taker fees on futures.

• MEXC also provides a large selection of tools. Both novice and seasoned traders can benefit from trading, spot trading, futures, and a number of other options.

• With yields of up to 100% APY, it enables users to generate passive income from crypto. Additionally, users can benefit from trading with up to 500x leverage on specific perpetual contracts.

• The platform has an easy-to-use, multilingual interface that even beginners can use.

Cons of MEXC

• Customer Support Complaint: A lot of users indicate that while simple questions might be resolved in a timely manner, serious questions around withdrawals, frozen accounts, or risk-control investigations take considerable time and provide unclear, high level answers or seem to be redirected to other support channels. 

• Regulatory and Licensing Issues: Unlike registered and regulated exchanges, MEXC might not provide the same level of protections, as the company does not have all of the necessary regulatory licenses in key jurisdictions and has received warnings for operating unregistered from authorities in Canada (particularly the British Columbia Securities Commission), Germany, and Austria.

• Token Quality and Liquidity for New Listings: MEXC can have issues with lower-capped coins, new tokens means lower liquidity, slippage, difficulty in executing trades, and in some extreme cases coins getting delisted and suffering big price drops. 

• Fiat and Withdrawal Limitations: There is a limited number of supported fiat currencies, and a lot of withdrawal options are limited, especially to users who haven’t completed higher-tier KYC. Large withdrawal may trigger more verification or delays. 

• Risk Controls / Account Freezes: Some users have mentioned that their accounts or funds are sometimes frozen and flagged as having “abnormal activity” or “risk control” even when they believe that they have completed all the KYC and verification steps. Account freezes can last a long time and restrict users from making withdrawals.

MEXC Review: Trading Tools

Spot Trading on MEXC 

Spot trading refers to the buying and selling of cryptocurrencies for quick settlement. Spot trading on MEXC allows users to trade a wide range of cryptocurrency pairs, including majors such as BTC/USDT and ETH/USDT, as well as several altcoins. In contrast to derivatives and futures, the notion is that you immediately own the asset.

MEXC is regarded as one of the biggest altcoin exchanges in the world, listing more than 3,000 coins. MEXC frequently offers tokens before many of its rivals, which is beneficial for investors wishing to diversify beyond Bitcoin and Ethereum. 

MEXC provides a professional-grade spot trading dashboard with an order book view with real-time buy/sell activity and advanced charting tools powered by TradingView for technical analysis. It also offers multiple order types, which include:

• Market orders which execute instant buy/sell at the best price. 

• Limit orders allows you to set your own price

• Stop-limit/stop-market orders which helps in risk management. 

• Iceberg orders used to hide large trades to avoid slippage.

• One cancels the other serves experienced traders. You can place two orders at once with this type of order. All subsequent orders are nullified by the first one that is activated.

MEXC also provides a number of technical indicators to help you determine whether to buy or sell. Popular tools include K-lines, moving averages, and MACD.

Perpetual Futures Trading on MEXC

MEXC also offers a futures trading tool. Users might agree to sell or buy crypto assets at a defined price on a future date. Investors who intend to trade futures on the platform must move funds from the spot account to the derivative account.

Over 1,200 futures contracts are available on the MEXC exchange. With leverage of up to 500x, these contracts allow you to control a position that is significantly larger than your initial investment.

If you’re trading USDT-M futures, you’ll use USDT as collateral. For Coin-M futures, you’ll rely on other cryptocurrencies. MEXC offers up to 200x leverage!

MEXC perpetual futures come with different order types:

• Trigger orders tell MEXC which price to look out for; once this price is reached, a new limit or market order is automatically placed. 

• A trailing stop order is a strategic order that is set when the market experiences a retracement; it basically moves with the market price. 

• Post-only order is a kind of limit order that doesn’t execute right away; instead, it only becomes active when it increases market liquidity.

The exchange also offers two margin modes for futures trading:

• Isolated Margin Mode: This mode allows you to allocate a specific amount of your wallet balance to each position, ensuring that a loss in one doesn’t spill over and affect the others. It’s a great way to keep your risk in check.

• Cross-Margin Mode: In this mode, your whole wallet balance is put to work supporting all your open positions. While this approach can be more efficient when it comes to margin usage, it does come with a higher risk. If one position takes a hit, it can impact your entire portfolio. 

MEXC Futures M-Day

MEXC Futures M-Day is a promotional futures event in which customers trade USDT-M or Coin-M futures for a chance to win prizes in a lucky draw, mostly futures bonuses that can be used as margin, with profits available for withdrawal.

Spot traders can trade crypto futures using a variety of futures trading pairings during the Futures M-Day event. The event is intended to appeal to both experienced traders and newbies, providing an accessible and user-friendly trading environment.

P2P Trading on MEXC

With MEXC’s peer-to-peer (P2P) trading, users can easily buy and sell cryptocurrencies such as USDT, USDC, BTC, and ETH directly with each other using fiat currency. Currently, the platform supports three fiat currencies: Vietnamese Dong (VND), Russian Ruble (RUB), and South Korean Won (KRW).

You have the option to be an advertiser, where you can create your own ads to buy or sell, set your own fiat prices, choose your payment methods, and establish trade limits. Alternatively, you can take the role of a taker by picking an existing ad to trade with.

MEXC uses an Escrow system as an extra layer of security. Essentially, when a trade starts, the platform places the cryptocurrency being sold in escrow until it confirms the payment. This process ensures that both the buyer and seller uphold their end of the deal.

MEXC Demo Trading

Demo trading, as the name implies, is all about mimicking the futures trading market. It offers traders a valuable opportunity to learn by replicating real transactions. This practice is a great way to sharpen trading skills and boost overall performance.  

MEXC provides you with USDT 50,000 to begin your demo trading.Keep in mind that all demo trading activities on the simulation platform are  for practice purposes only, meaning you won’t actually make or lose any money.

MEXC Copy Trading

With MEXC’s copy trade feature, you can easily follow in the footsteps of skilled traders for your futures trading.  It is a very easy-to-use investment method for beginners with little professional experience or trading background.

Basically, the idea is that followers can benefit from the expertise and strategies of lead traders without the need to analyze the markets or manage every position on their own.  

To become a follower, you just need to choose a lead trader to follow and take a look at their past performance like ROI, win rate, PNL, and how often they trade to help you decide. After that, make sure you have funds in your spot account (or any other necessary sub-account) to use as margin for futures positions.

You have several options for how to execute your copy trades: 

• Smart Ratio: This lets you copy trades based on the size of the lead trader’s orders. 

• Fixed Amount: With this option, you’ll apply the same margin amount to each trade you copy.

• Fixed Ratio: This approach uses a multiplier of the lead trader’s order.

To get started, there’s a minimum investment required on the app or website. For instance, if you’re looking to copy trade, you’ll need to invest at least around 30 USDT for certain modes.  Lead traders benefit by earning a share of the profits from their followers’ gains, and this percentage is determined ahead of time. Followers only pay this share when there’s a profit. 

MEXC Express 

This feature makes it super simple for users to buy cryptocurrency using payment methods they’re comfortable with, including SEPA, credit and debit cards, and various third-party payment services like MoonPay, Mercuryo, Simplex, and others. 

MEXC isn’t responsible for handling these transactions; it simply acts as a middleman between users and third-party payment providers. 

MEXC Mastercard

The MEXC Card is a virtual prepaid Mastercard created for MEXC exchange users. Some countries it is available in include: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and Switzerland.

MEXC Mastercard has only one card tier which is the single card tier. To apply, make sure you’ve completed your KYC at least 14 days before submitting your application, and that you’ve made at least one previous purchase using a bank card or SEPA on MEXC.

Some of its features include:

• 0% for transactions within the European Economic Area (EEA)

• 2% for transactions outside the EEA

• Seamless integration with your MEXC exchange accounts, allowing you to stay connected effortlessly. 

• Real-time transaction alerts right on your smartphone, so you’re always in the loop. 

• 3D Secure (3DS) technology, ensuring your transactions are well-protected. 

• No monthly fees or charges for inactivity, making it easy on your wallet. 

• Maximum card balance of 100,000 USDT

MEXC Review: Staking and Earn

On MEXC, the term “Staking & Earn” refers to features that enable users to earn rewards or interest on their crypto assets instead of just letting them sit idle.

MEXC Savings

MEXC Savings is a product or service offered by MEXC which enables users to earn passive income on assets kept on the exchange. It is sometimes called MEXC Savings or MEXC Earn on the platform. Here, users earn yields simply by staking cryptocurrency. Yield refers to the annualized percentage return (APR) a user can earn by staking or locking up their crypto for a particular timeframe.

Currently, there are two types of MEXC Saving: “Flexible Savings” and “Locked Savings”. Users can trade, transfer and withdraw anytime in “Flexible Savings”. This type of saving is similar to the traditional banking system. Here, Users earn rewards by holding their assets in MEXC’s regular wallet. 

Conversely in “Locked Savings”, assets are locked for a period of time, more like a fixed deposit. Here, Users can not trade, transfer or withdraw their assets and they earn rewards.

Simply put, when MEXC says “ Earn 7% yield on USDT in Savings,” it means:

If you lock $1,000 in USDT for a year, you could earn around $70 in passive income.

MEXC Loans

MEXC loans is a lending solution that enables users to access liquidity from their crypto holdings without selling them. By using tokens such as TON as collateral, users can borrow assets like USDT for fixed terms of 30, 60, or 90 days. 

Interest accrues daily, and borrowing limits are determined by the loan-to-value (LTV) ratio. If the collateral value declines and the LTV exceeds a specified threshold, MEXC may liquidate the collateral to recover the loan. Borrowers can manage risk by adding collateral to reduce their loan-to-value ratio and prevent liquidation.

MEXC Loans offers a practical way to access liquidity while keeping long-term holdings intact, but success depends on actively managing collateral and staying aware of market risks. Therefore, it’s advised to DYOR.

MEXC Review: Kickstarter and Launchpool

MEXC Kickstarter is a pre-listing event where users vote for new projects using MX tokens. Participation is free, with tokens temporarily locked during the voting period. 

Rewards are distributed as airdropped project tokens. Snapshots maintain fairness, and users must complete at least one Futures trade to participate. This event increases project visibility and offers early rewards to MX holders.

Conversely, MEXC Launchpool allows users to stake MX, USDT, or other tokens in designated pools to earn new project tokens proportionally. 

These time-limited events often feature high APRs and substantial reward pools, such as APT. While staked tokens are locked, participants gain early access to new tokens without buying them directly.

MEXC Kickstarter and Launchpool both provide early access to new tokens, but their methods differ. Kickstarter uses MX token voting, while Launchpool requires staking and KYC verification. 

Both offer low-risk exposure and rewards, though participants should be aware of potential token volatility, diluted rewards, and specific entry requirements that’s why it’s important to DYOR before diving into any project. 

Together, these initiatives enhance community engagement and strengthen MEXC’s position as a platform for discovering new projects.

MEXC Review: Token Airdrop

Airdrops on MEXC are token distributions that users can receive, often for free or as part of a rewards program, during various promotional events. These can take place through Airdrop+ events, Launchpool sessions, Kickstarter initiatives, and Initial Listings. 

It’s important to note that some airdrops depend on holding MEXC’s native token, MX. For example, users may need to keep a certain amount of MX in their spot wallet for a period of time to be eligible.

How Does MEXC Token Airdrop Work

• To get started, you’ll need to buy and hold at least 1,000 MX tokens. 

• Keep them in your spot wallet for 30 days straight while MEXC takes daily snapshots.

• Once those 30 days are up, just head over to MEXC Launchpad or Kickstarter, hit the commit button, and you’ll start receiving your airdrops!

MEXC Review: Referral and Affiliate Programs

The exchange has a referral and affiliate program that lets you earn rewards just by inviting others to join the platform. MEXC affiliate program is open to content creators with at least 500 followers, crypto websites and promotional agencies. 

The first step to becoming part of their affiliate program is to submit an application. After that, you’ll need to wait for MEXC to give you the green light, and then you’ll receive a referral code. This code allows you to earn money from the trades of those you refer. 

When someone signs up on the exchange using your code, they get welcome bonuses, and you earn lifetime commissions on every new active referral. Standard users get up to 40% commission on both spot and futures while affiliates get up to 70% commission. 

Users can also enjoy lifetime commissions on valid invitees or trades. Additional bonuses such as airdrops and VIP services may also apply. 

MEXC API

The MEXC API serves as a programmatic gateway for developers, trading bots, brokers, and institutional users to engage with MEXC’s exchange services. This includes placing orders, checking market data, managing account balances, and receiving real-time updates, among other functionalities. 

MEXC offers both REST endpoints and WebSocket streams to facilitate these interactions. MEXC also provides various SDKs / demo examples in several languages like Python, Java, Go, .NET, JavaScript. 

They have various API versions for Spot, Futures, and more, with the latest Spot API V3 being the preferred choice. Keep in mind that OKX is gradually phasing out older versions, such as Spot V2.

The exchange includes a renewal option that allows you to extend your API key for 90 days. This is especially useful for algorithmic traders, as it helps lower the risk of leakage that can occur when traders submit multiple API key applications.

On top of that, algorithmic traders can define which trading pairs are eligible for trading with their API key. This measure is crucial in preventing any market manipulation that could result from API key leakage.

MEXC Trading Fees Compared with Other Exchanges

MEXC Review: Mobile App

When you open the MEXC mobile app for the first time, it’s pretty clear they’re aiming to cater to both casual traders and those who need more advanced tools while on the move. The interface looks quite polished, featuring real-time price charts, access to various markets (like spot and futures, and some derivatives depending on your region and KYC status), along with a range of order types. 

On the security side, an independent audit conducted by Hacken in 2025 evaluated the mobile app, as well as its web and API systems, and found no critical or high-severity vulnerabilities. They confirmed that any previously noted low or minor issues had been resolved. In practice, the app includes standard security features like two-factor authentication (2FA) and encrypted connections. 

However, some users have reported that certain security functions don’t function smoothly. There have been instances of delays or complications when trying to enable or confirm 2FA on mobile. Moreover, features like push notifications, alerts for market movements, and updates on promotions or new token listings keep users engaged and informed. It has a rating of 4.7/5.0 on the Google Play Store and App Store. 

MEXC Review: Customer Service

Customer support at MEXC is accessible through a variety of channels. You can dive into their detailed Help Center, where you’ll discover answers to most of your questions, covering everything from how to use the platform to security, OTC, updates, and more.

If you prefer to chat with a real person about your inquiries, feel free to submit a request or drop them an email at [email protected]. They also offer online support through a handy chatbot.

When it comes to customer satisfaction, this exchange has a rather low rating of 1.8 on Trustpilot. For comparison, Binance sits even lower at 1.4. On a brighter note, MEXC boasts a perfect trust score of 10 out of 10 on CoinGecko, which takes into account factors like trading volume, liquidity depth, cybersecurity measures, and more.

How Do I Get Started with MEXC?

Step 1: Create Your MEXC Account With the Referral Code mexc-ventureburn

To get started, create your MEXC account. Simply visit the MEXC website and click on “Sign Up” located in the top right corner. The signup process is pretty straightforward and won’t take long at all. You can register using your email or your mobile number. 

When you’re filling out the registration form, keep an eye out for a section that says “Enter Referral Code,” then fill in the MEXC referral code in this field. Or if you click this MEXC referral link, the code might already appear automatically.

Just make sure to enter the referral code correctly—remember, it is case-sensitive. Don’t forget to create a strong password and keep it safe! After that, just agree to the terms and conditions and click on “Create an Account.”

Step 2: Complete MEXC KYC

Just like many other cryptocurrency exchanges, MEXC requires you to go through a Know Your Customer (KYC) verification. This step is crucial for preventing fraud and ensuring that everyone can trade safely. 

It typically involves uploading a government-issued ID or a selfie. Completing MEXC KYC gives you access to more features like increased withdrawals and bonuses. 

Step 3: Deposit Funds

MEXC offers a range of deposit methods based on your region. For a complete list of what’s available, check out the “Buy Crypto” section on the MEXC website. You’ll typically find options like bank transfers, credit/debit card purchases (where possible), and peer-to-peer (P2P) trading.

The most common deposit method is with cryptocurrency. To deposit you’ll need to:

• Pick the cryptocurrency you want to deposit, like BTC, USDT, or ETH. 

• Next, select the blockchain network that corresponds with the wallet or exchange you’re using to send your funds (for example, ERC20, TRC20, or BEP20). It is important to choose the right network because sending to the wrong one could lead to a permanent loss of your funds.

• MEXC will create a unique deposit address for you, which includes a QR code and an alphanumeric string. Make sure to copy it accurately. 

• Then, head over to the withdrawal section of your external wallet or exchange, paste the deposit address, and confirm the transaction.

• Typically, deposits appear within minutes, but keep in mind that the actual time can vary based on blockchain congestion. You can keep an eye on the progress in the “Transaction History” section.

Step 4: Start Trading

When you start trading on MEXC, it usually takes place in the spot market, where you can buy and sell digital assets such as Bitcoin, Ethereum, and many other tokens. As soon as you access the trading interface, you’ll find real-time price charts, an order book, and tools that help you place different kinds of orders. 

For those interested in more advanced trading options, MEXC also provides futures trading, enabling you to trade contracts based on cryptocurrency prices. Above all, it’s essential to keep risk management as a key part of your strategy.

MEXC Security and Regulations 

MEXC has really dedicated itself to strengthening its security measures. On the tech side, they’ve implemented a wide range of industry-standard protections: cold wallets to keep most user funds offline (which helps minimize the risk of online hacks), SSL encryption to safeguard data during transit, and regular audits—like a recent penetration test by Hacken that revealed no critical or high-risk vulnerabilities in their mobile app. 

On the user side, MEXC provides several tools to help keep your account safe: two-factor authentication (2FA) through Google Authenticator or SMS, email verification, mobile verification, “anti-phishing” codes, and withdrawal whitelisting (which only permits withdrawals to wallet addresses you’ve approved). 

They also keep an eye out for any suspicious activity, including fraud syndicate operations, bot trading, and various risk control measures.

Which Other Options are Available Besides MEXC 

Thinking about alternatives to MEXC? There are several crypto exchanges out there that bring strong features, solid security, and various trade-offs to the table. 

Many experts highlight OKX as one of the best overall options, thanks to its commitment to regulatory compliance, wide range of services, and reliable security measures. It offers everything from spot trading to futures, DeFi integration, and even its own Web3 wallet. 

Bybit is a go-to for those focused on derivatives and high-leverage trading, especially among seasoned traders. If you’re after features like futures, margin, or perpetual swaps, Bybit usually ranks high on the list. 

Binance remains a giant in the crypto world, providing enormous liquidity, a vast selection of trading pairs, a global presence, and a variety of tools (like spot, margin, futures, staking, NFT marketplaces, etc.). If your priority is to find good liquidity and access to both popular and up-and-coming tokens, Binance is a strong contender. 

KuCoin is a favorite among altcoin traders and those looking to dive into newer, smaller tokens, as well as token-launch initiatives.

MEXC Review: Final Thoughts

MEXC has built a solid reputation as a versatile crypto exchange, particularly for traders who appreciate having access to a diverse range of tokens, low fees, and advanced features like futures and margin trading. The exchange is serious about user security, as seen by its ongoing improvements, including cold wallet storage, proof of reserves, fraud detection systems, and a growing insurance fund. 

However, it’s important to note that no platform is without its flaws. MEXC’s regulatory standing is inconsistent across different jurisdictions, with several financial authorities raising concerns about its unlicensed operations. This regulatory uncertainty, coupled with occasional user complaints regarding frozen accounts or delayed withdrawals, means that traders, especially in regions where MEXC faces restrictions, should be cautious. 

Ultimately, whether MEXC is the right choice for you depends on your individual priorities. If you value a wide selection of tokens and are comfortable taking charge of your own security practices, MEXC can be a powerful tool.