Bottom Line
MEXC is a global cryptocurrency exchange offering diverse trading products with strong liquidity. While suitable for serious traders with advanced features like margin trading and futures, it restricts US users and lacks direct fiat withdrawals.
Key Metrics:
- Trading Fees: Spot (0% maker / 0.2% taker), Futures (0.02% maker / 0.06% taker)
- Supported Fiat: USD, EUR, GBP, and 20+ others
- Promotion: 10% fee discount for MX token holders
Hedge With Crypto Rating
| Criteria | Rating (5) |
|---|---|
| Features | 4.8 |
| Deposit Methods | 4.8 |
| Crypto Selection | 4.7 |
| Fees | 4.1 |
| Ease of Use | 4.2 |
| Customer Support | 3.5 |
| Security | 4.0 |
| Mobile App | 4.3 |
Top Alternatives
| Exchange | Crypto Assets | Fees (Spot/Futures) | Promotion |
|---|---|---|---|
| Binance | 385 | 0.1%/0.02%–0.04% | $100 bonus |
| ByBit | 331 | 0%/0.01%–0.06% | 0% fees (30 days) |
| KuCoin | 806 | 0.1% | 500 USDT bonus |
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MEXC Overview
Launched in 2018 and based in Seychelles, MEXC serves 10M+ users across 170+ countries with:
- 1,500+ cryptocurrencies and 2,500+ trading pairs
- Spot, margin, futures, and copy trading
- Leveraged ETFs (up to 5X)
Pros vs. Cons
Pros:
- Zero spot maker fees
- 20+ fiat deposit options
- Advanced trading tools
Cons:
- No US availability
- Limited fiat withdrawals
- Mixed customer reviews
Unique Features
- Copy Trading: Replicate top traders’ strategies.
- Leveraged ETFs: Trade 1,000+ assets with 5X leverage.
- Demo Account: Practice with $50K virtual funds.
- Earn Program: Up to 18% APY via staking/MX-DeFi.
Regulation & Security
- KYC Mandatory: 80–200 BTC daily withdrawal limits.
- Cold Storage: Majority of assets held offline.
- 2FA & Anti-Phishing: Enhanced account protection.
Trading Experience
- UI: Split between basic (Buy/Sell) and advanced (TradingView charts).
- Order Types: Market, limit, SL/TP.
- Mobile App: Full functionality on iOS/Android.
Fee Structure
| Market | Maker Fee | Taker Fee |
|---|---|---|
| Spot | 0% | 0.2% |
| Futures | 0.02% | 0.06% |
Discounts for MX token holders.
FAQ
Q: Is MEXC available in the US?
A: No, US traders are restricted.
Q: How to withdraw fiat from MEXC?
A: Use third-party exchanges (no direct bank withdrawals).
Q: What’s the minimum spot fee?
A: 0% for makers; 0.16% for takers with MX tokens.