Review MEXC

📘 General Information about the MEXC Exchange

MEXC is an international cryptocurrency exchange launched in 2018. The exchange quickly rose to become one of the industry leaders.

The platform supports more than 2,800 cryptocurrencies and around 3,000 trading pairs for exchange. This breadth makes MEXC one of the marketplaces with the widest selection of assets on the market. MEXC serves users from over 170 countries and jurisdictions. According to some estimates, the platform’s audience reaches 30 million people worldwide.

• Futures with leverage up to 200x, margin trading, and ETF tokens
• P2P marketplace, staking (Earn products), and copy trading
• Suitable for beginners and professionals; a huge variety of altcoins

MEXC stands out for its combination of a user‑friendly interface, low fees, high liquidity, and a rich feature set for active and safe trading. Additionally, the platform is popular for its innovative options: Launchpad, staking, copy trading, and sign‑up bonuses.

💱 Spot Trading

MEXC lists over 2,800 cryptocurrencies and nearly 3,000 trading pairs for spot trading. These include all the major coins (BTC, ETH, LTC, etc.), stablecoins, and a vast number of altcoins and new tokens. The exchange regularly adds new assets and often outpaces competitors in listing speed. Notably, about 90% of spot volume is in USDT pairs. This skew reflects the high popularity of stablecoins among MEXC traders. Trading follows the standard maker/taker model:

• Base fee: 0.05% for makers and takers (flat rate)
• 50% fee discount when holding ≥1,000 MX (the native token) — rate drops to 0.025%
• Zero‑fee promotions on select pairs (e.g., temporarily 0% on XRP pairs)

The MEXC trading terminal is equipped with all essential features. It supports limit, market, and stop orders and offers numerous indicators and customizable charts for technical analysis.

📊 Margin Trading

To expand trading opportunities, MEXC offers a margin trading mode. Traders can borrow additional funds against their balance and increase position size with leverage. The exchange supports both isolated and cross‑margin to manage risk. As a rule, maximum leverage for major pairs is around 3x–5x (up to 10x for some altcoins). To start margin trading, simply transfer funds to a dedicated margin account. At the same time, it’s important to regularly monitor your margin level to avoid forced liquidation.

📈 Futures and Perpetual Contracts

MEXC is actively developing in derivatives and offers crypto futures (perpetual contracts and quarterly futures). Leverage on futures reaches up to 200x in certain markets, allowing experienced traders to significantly increase exposure. By default, USDT‑margined contracts (settled in USDT) are available for popular coins. A number of Coin‑M contracts (settled in the base asset) are also offered. In total there are several hundred futures markets (around 400 contracts). Thus, virtually all large‑ and mid‑cap coins are covered. At the same time, standard futures fees are very low:

• Fees: 0.00% (maker) and 0.02% (taker) — base rate for perpetuals
• With a 50% MX holder discount: 0.00% / 0.01% (even more favorable for active traders)
• A regular funding fee is charged every 8 hours between longs and shorts to keep the futures price aligned with spot

Futures trading on MEXC is accessed via the “Futures” tab. The derivatives terminal is similar to the spot interface but includes additional data: leverage size, current funding rate, mark price, and estimated liquidation price. Auto‑deleveraging mechanisms are implemented to protect traders from large losses during sharp market moves.

🤖 Copy Trading and Trading Bots

One of MEXC’s noteworthy features is its copy trading system. Newcomers can subscribe to experienced traders’ positions and automatically mirror their trades in real time. At the same time, the size of each copied position is adjusted to the subscriber’s capital, and risk can be limited with a stop‑loss. A dedicated page shows “top traders” with performance and risk metrics, helping users choose the right manager. Copy trading lets beginners earn by following experts’ strategies while learning from real‑world examples. Experienced mentor‑traders receive a percentage of subscribers’ profits, aligning incentives for successful signals.

Beyond copy trading, MEXC offers built‑in trading bots for automation. In the “Quantitative Trading” section, you can configure various strategies:

• Spot Grid: a grid bot that buys/sells on spot within a specified price range
• Futures Grid: a similar grid strategy for the futures market, profiting from volatility
• DCA Bot: a bot for dollar‑cost averaging (periodically buying a fixed amount to smooth entry)
• Infinity Grid: an endless grid bot that adapts to trending moves without fixed grid boundaries

Launching bots doesn’t require programming skills — just set parameters (price range, number of orders, capital), and the system will execute your strategy 24/7. However, remember that bots only remove routine work, not risk. You must monitor their performance and adjust settings when market conditions change.

👥 Subaccounts on MEXC

Subaccounts allow you to separate trading strategies, delegate management, and control risk. MEXC offers two types of subaccounts:

• Internal: no separate login, managed via the main account or API (ideal for bots and algorithmic trading)
• Separate: a full subaccount with its own login (for a team or independent management)

📌 Internal Subaccounts

• They do not have their own credentials — available only via the main account (web interface) or API keys
• Designed for algo trading and bots with full integration: orders are placed and managed by the main account or programmatically via API
• Withdrawals from such subaccounts aren’t possible directly — funds can be withdrawn only through the main account
• They inherit the main account’s VIP status and discounts, keeping favorable fees across all subaccounts
• Created in the “Sub‑Account Management” section without linking a separate email

🔑 Subaccounts with Separate Access

• They have a dedicated email and password for login (web login is supported; the mobile app doesn’t support direct subaccount login)
• You can grant access to a trusted trader or use it for your own strategies that require isolation
• The main account controls all subaccounts: sees balances, can transfer funds between accounts, track activity, and manage API keys
• A subaccount helps segregate risk: experiments and aggressive trading on it don’t affect the main account
• Creation is done via the dashboard in a few clicks (choose “with login” and provide an email for the new subaccount)

🖥️ MEXC Interface Convenience

The MEXC exchange interface is simple, convenient, and intuitive for users of any experience level, from beginners to professionals. The platform is available in several formats to ensure comfortable usage in any environment:

• 🌐 Web platform (browser): Full access to all features without installing additional software.
• 📱 Mobile apps (iOS and Android): Trade on the go, receive instant notifications on trades and market moves, and enable security via Touch ID/Face ID.
• 💻 Desktop app (Windows): A dedicated trading terminal with higher performance, multi‑monitor support, and advanced analytics.

All settings, charts, and favorite trading pairs are synchronized across devices, allowing quick switching between platforms while preserving your usual workspace.

Two modes in the MEXC mobile app:

• “Lite” (simplified): an ultra‑simple interface for quick swaps and basic operations — perfect for beginners and casual users.
• “Pro” (professional): a full‑featured interface with TradingView charts, order book, and advanced tools designed for experienced traders.

In short, the MEXC interface provides comfortable, efficient conditions for trading and investing, fully adapting to each user’s needs.

🎁 Bonuses for New Users on MEXC

The MEXC exchange offers a generous welcome‑bonus program, encouraging new users to get familiar with the platform. The total amount of bonuses depends on your activity in the first weeks after registration. The program usually includes multiple reward stages:

• Sign‑up bonus: a small reward (e.g., a 5 USDT coupon) for creating an account via a referral link and logging in through the mobile app
• Verification bonus: an extra gift (e.g., 3 USDT) credited after successfully completing KYC
• Deposit and trading bonuses: a series of tasks for new users — make your first deposit (from a specified amount), complete your first spot trade, reach a certain futures trading volume. Each task pays a reward (in total you can receive up to several hundred USDT)
• Futures activity bonus: extra prizes for those who actively trade derivatives (e.g., rewards for hitting a specified volume with leverage >20x)

Altogether, new users who meet all conditions can receive bonuses and coupons worth up to $8,000 (based on current promotions). However, they are not “cash” but futures credits, fee coupons, and other perks. They help reduce costs and test the platform.

🛂 Identity Verification (KYC)

On MEXC, the Know Your Customer (KYC) procedure is not mandatory to start trading, meaning you can register and trade cryptocurrencies without uploading documents. However, the lack of verification imposes certain limitations — primarily on withdrawals and access to specific services. Full verification unlocks all platform features and increases your account’s trust level. Status comparison:

• Without verification: withdrawals are limited to about 10 BTC per day (or equivalent in another currency); P2P trades, Launchpad, and some Earn products are unavailable; such accounts may receive enhanced security scrutiny
• Primary KYC: basic verification (passport details) raises the limit to 80 BTC per day and unlocks access to P2P, staking, and other services
• Advanced KYC: extended verification (selfie required) grants a limit of up to 200 BTC per day and full access to all features, including unrestricted OTC trading

KYC on MEXC is straightforward: upload a photo of your document (passport or driver’s license) and take a selfie for identity confirmation. Verification is automated and usually takes 5–15 minutes. After successful verification, your account receives higher withdrawal limits and priority in customer support.

💧 Liquidity on MEXC

MEXC confidently ranks among the leaders by trading volume. By mid‑2025, the exchange ranked #2 worldwide in daily spot volume (~$4.7B). High volumes ensure excellent liquidity for traders:

• Most orders, even large ones, are filled without significant slippage.
• The exchange competes successfully with top platforms like Binance and OKX, with barely any disadvantage in liquidity.

MEXC holds especially strong positions in the altcoin segment:

• A large number of traders from Asia, Eastern Europe, and Latin America creates deep markets for a wide range of tokens.
• A significant share of the exchange’s traffic comes from Japan, Brazil, Russia, and several other countries, where MEXC actively works with market makers to maintain tight spreads.
• The exchange offers attractive terms for large traders thanks to minimal fees and VIP programs.

That said, keep in mind a few liquidity nuances:

• For lesser‑known, low‑liquidity assets, trading volumes can be low and spreads wide.
• It’s recommended to check the liquidity of a specific market before trading.
• High aggregate liquidity makes MEXC attractive for arbitrage, algorithmic, and high‑frequency trading (HFT).

💸 Fees on MEXC: Trading, Deposits, Withdrawals, Hidden Costs

MEXC uses a transparent fee schedule with fixed base rates for regular traders. Rates depend on the market type and can be reduced when certain conditions are met (holding MX tokens, obtaining VIP status, etc.). A clear understanding of the fee structure will help you optimize costs.

Main rates for regular users:

Example: a $1,000 spot purchase of BTC costs about $0.50 in fees (0.05%). With the 50% MX discount, the same trade would cost about $0.25 (0.025%). On futures, a limit order (maker) will incur a 0 fee.

Additional details:

• Trading fees: base 0.05% on spot and 0.02% (taker) on derivatives. Maker orders on futures carry no fee (0%).
• VIP program: for traders with very high volume, a VIP system applies. Top VIP tiers provide rates around 0% / 0.01% and other benefits (higher withdrawal limits, dedicated support, etc.).
• MX token: holding ≥1,000 MX grants a 50% discount on trading fees. The discounted rate is applied automatically to all account trades.
• Withdrawals: only the blockchain network fee is charged. Examples: BTC — ~0.0003 BTC, USDT (TRC20) — ~1 USDT, ERC20 — 5–10 USDT.
• Fiat operations: P2P deposits are fee‑free. Buying crypto with a bank card via third‑party providers may incur fees from 0% to 5% (depending on provider terms).

📉 How to Reduce Fees on MEXC

• ✅ Increase your trading volume — this is the path to VIP status with discounts
• 🪙 Hold MX tokens in your account — get up to a 50% fee discount
• 📈 Use limit orders and be a maker — in most cases it’s cheaper (on futures, maker fees are 0%)
• 🤝 Join promotions and use coupons — they offer fee discounts or bonus funds
• 📊 Watch for “0% fee” promos — the exchange periodically waives fees on select pairs

MEXC already offers some of the lowest fees on the market. Using these methods, you can further cut costs and improve trading efficiency.

❓ Fees FAQ on MEXC

🛡️ Platform Security

• Cold storage: most client funds are held offline in cold wallets (multi‑signature wallets). Hot wallets contain only the minimum needed for withdrawals, reducing hack risk
• Asset segregation: client funds are kept separate from the company’s operational funds. MEXC’s financial issues do not affect user balances
• Two‑factor authentication: 2FA via Google Authenticator is supported, as well as extended MFA (up to biometrics such as face or fingerprint) for account login
• Anti‑phishing code: users can set a unique code for emails from MEXC to protect against phishing campaigns impersonating official messages
• Address whitelist: you can restrict withdrawals to pre‑approved addresses only. Even if an attacker gains account access, they can’t withdraw to an unknown wallet
• Proof‑of‑Reserves: the exchange conducts regular audits and publishes proof of reserves (Merkle Tree method) to confirm that client funds are fully backed
• Insurance Fund: MEXC maintains a reserve to cover losses in emergency market situations, protecting users from unforeseen balance drawdowns on derivatives

Throughout its operation, no major hacks of MEXC or user fund losses have been recorded. This indicates the team’s serious approach to cybersecurity and client capital protection.

⚖️ Regulation and Legal Status

MEXC operates as a global platform without a single central regulator. The company is registered in an offshore jurisdiction (the Seychelles) and does not hold licenses from major financial regulators (e.g., the SEC in the U.S., the FCA in the U.K., or ESMA in the EU). This allows it to offer services worldwide with minimal restrictions but also means less legal protection for users.

In many countries, local regulators have taken note of MEXC’s activities:

• In 2023, Estonia’s Financial Intelligence Unit revoked the license of the exchange’s local entity.
• Regulators in Hong Kong, Japan, Germany, and Canada warned that MEXC does not have authorization to operate in those countries.
• MEXC officially does not serve users from the U.S., Canada, the U.K., China, Singapore, and other countries with strict regulatory requirements.

Attempts to circumvent such restrictions (e.g., via VPN) violate the exchange’s rules. If a mismatch in country of residence is detected, the account may be blocked.

Despite this, MEXC has been operating successfully since 2018, actively implementing international KYC/AML standards and striving for legalization in various countries. Users are advised to monitor their local laws to remain compliant and avoid unnecessary risks.

🚀 Additional MEXC Services

The MEXC ecosystem is not limited to spot and futures trading. The exchange offers several additional services and features:

• P2P platform and fiat on‑ramps: MEXC supports direct crypto exchange between users via its P2P marketplace. In the P2P section, you can buy or sell USDT, BTC, ETH, and other coins for fiat (USD, EUR, RUB, etc.) from verified merchants. Many payment methods are supported: bank transfers, e‑wallets, and payment systems. Additionally, the exchange has integrated third‑party services (Banxa, Simplex, Mercuryo, etc.) for instant crypto purchases with bank cards. Thus, MEXC provides an on‑ramp “from zero.” Note: MEXC does not support direct fiat withdrawals to bank accounts. To cash out, use a P2P trade by selling crypto to another user.
• Launchpad & Kickstarter: a platform for initial token offerings (Launchpad) and a voting program for listing new coins (Kickstarter). With Launchpad, MEXC users get early access to promising projects — just hold the required number of tokens (e.g., MX) to participate in allocations. Kickstarter lets the community vote to add a project to the exchange (votes are also cast with MX). If approved, a free token distribution is held for voters.
• Earn products (staking and deposits): for investors seeking passive income, MEXC offers the Earn section. There you’ll find flexible deposits on popular cryptocurrencies, liquidity pools, and staking for new projects. Unlike classic mining, you don’t need to configure anything — just move funds into an Earn product and they start accruing yield. Some products have fixed yields and terms, others have floating rates and allow withdrawals at any time. For example, on MEXC you can stake USDT at 5% APY or join DeFi staking for various altcoins. These tools help you earn extra income while holding coins on the exchange.
• MEXC Launchpool (MX‑DeFi): a program similar to Binance Launchpool. Users can farm new tokens by depositing their coins (usually MX or USDT) into special pools. Rewards are distributed in the new project’s tokens, which are then listed on the exchange. Launchpool lets you profit from new assets without direct investment, simply by participating in farming. This gives you a chance to benefit from new tokens’ potential growth with virtually no upfront cost.

❓ FAQ: Frequently Asked Questions

🛠️ Practical Tips for Trading on MEXC

1. Start with demo mode. If you’re new, test the interface and strategies with a virtual balance before trading real funds.
2. Complete KYC verification. Full verification removes deposit/withdrawal limits, raises thresholds, and unlocks the full feature set, including fiat‑related operations and bonuses.
3. Use limit orders. Placing limit orders reduces fees, avoids slippage, and allows entry at optimal prices.
4. Choose cost‑effective withdrawal networks. For example, withdraw USDT via TRC‑20 instead of ERC‑20 to significantly cut transaction costs.
5. Monitor the funding rate. When trading perpetuals, check funding regularly and close or hedge positions before the accrual period to avoid unnecessary charges.
6. Actively participate in promos and bonus programs. MEXC often runs trading competitions, volume/deposit bonuses, and other events. Follow announcements on the official website and social channels.
7. Diversify trading risk. Don’t put all funds into a single asset or strategy. Spread capital across multiple cryptocurrencies and approaches; combine spot with futures.
8. Leverage passive‑income tools. Consider staking and other MEXC investment products to earn on your holdings.
9. Maximize account security. Enable 2FA, update passwords regularly, set an anti‑phishing code, use a withdrawal whitelist, and store backup codes securely.
10. Review and optimize your strategies regularly. Track performance, adjust to market conditions, and work to minimize risk and increase returns.