MEXC Crypto Exchange Review: Fees, Tokens, and Why It’s a Top Choice for Altcoin Traders
MEXC Trading Fee Calculator
Calculate Your Trading Fees
See how much you could save with MEXC's low fees compared to industry averages
Your Savings
Based on your trading volume of $1,000
| Exchange | Maker Fees | Taker Fees | Total Fees |
|---|---|---|---|
| MEXC | 0.00% | 0.01% | $0.00 |
| Industry Average | 0.10% | 0.10% | $1.00 |
If you're looking for a crypto exchange that gives you early access to trending altcoins, near-zero trading fees, and a massive selection of tokens, MEXC is one of the few platforms that actually delivers on all three. It’s not the most user-friendly for beginners, and customer service can be hit or miss - but if you trade frequently, especially in new or obscure coins, MEXC might be the most cost-effective exchange you’ve never tried.
Why MEXC Stands Out in a Crowded Market
MEXC launched in 2018 and didn’t make headlines at first. But by 2025, it had climbed to the 11th largest crypto exchange globally, with over $123 billion in daily trading volume. That’s not a fluke. The platform didn’t win by copying Binance or Coinbase. It won by doubling down on what most big exchanges ignore: altcoins and low fees. Most exchanges list maybe 500 to 1,000 coins. MEXC lists over 2,800 cryptocurrencies and more than 3,100 trading pairs. That means you can trade obscure tokens from new DeFi projects, meme coins with tiny market caps, or tokens that haven’t even hit Binance yet. If you’re the type who hunts for the next 10x coin before it blows up, MEXC is one of the few places where you can actually find them.Fees That Actually Matter
Fees are where MEXC crushes the competition. For spot trading, maker fees are zero. Taker fees start at just 0.01% if you hold MX, the platform’s native token. Even without MX, you’re looking at 0.05% - far below the industry average of 0.1% to 0.2%. Futures trading is even better. Taker fees are 0.02%, and again, maker fees are zero. That’s a huge deal if you’re scalping or doing high-frequency trades. On other exchanges, those fees add up fast. On MEXC, you keep more of your profits. You can also cut fees further by holding MX. The token gives you discounts on trading fees, access to exclusive airdrops, and voting rights on new token listings. It’s not a magic bullet, but if you trade regularly, holding MX makes sense.No KYC? Yes, But With Limits
MEXC doesn’t force you to complete KYC to start trading. You can deposit crypto, trade, and even withdraw small amounts without ID verification. That’s great for privacy-focused users or those in regions with strict crypto laws. But here’s the catch: if you want to deposit fiat (like USD, EUR, or BRL), or withdraw large sums of crypto, you’ll need to verify your identity. The platform allows EUR and BRL deposits directly, but not USD. That’s a problem for many U.S. users - and it’s why MEXC is blocked in the United States entirely. If you’re in the U.S., you can’t sign up, no matter how hard you try. Other restricted countries include Canada, Japan, and parts of Europe. MEXC is registered in Seychelles, which gives it flexibility, but it still complies with regulations in Australia, Switzerland, Estonia, and others. So while it’s not fully global, it’s far more accessible than most U.S.-based exchanges.
Trading Tools and Features
MEXC isn’t just a listing platform. It’s packed with tools that serious traders use:- Demo trading mode: Rare on crypto exchanges, this lets you test strategies with $10,000 in virtual funds. No risk, no stress. Great for new traders or testing new bots.
- Futures with up to 125x leverage: High-risk, but if you know what you’re doing, the low fees make it worth it. Most exchanges charge more for high leverage.
- DEX+ integration: MEXC combines centralized trading with decentralized liquidity. You can swap tokens directly from your wallet without moving funds off the platform.
- Multiple deposit methods: Apple Pay, Google Pay, credit cards, SEPA transfers, and crypto deposits. No bank wire headaches.
Security and Reputation
MEXC keeps 95% of user funds in cold storage. It has two-factor authentication (2FA), withdrawal whitelisting, and an insurance fund to cover losses from hacks. No major breach has ever occurred on the platform. It’s registered with financial regulators in Australia (AUSTRAC), Switzerland (FINMA), Singapore (MAS), and others. That’s not the same as being licensed in the U.S., but it shows they’re serious about compliance where they can operate. Still, user reviews are mixed. Many praise the low fees and token variety. But a lot of people complain about slow or unhelpful customer support. Some report accounts being frozen without clear explanations, especially if they’re trading high-risk tokens. There’s no phone support, and live chat can take hours to respond during peak times.
Who Is MEXC Really For?
MEXC isn’t for everyone. If you just want to buy Bitcoin and hold it, use Coinbase or Kraken. They’re simpler, have better support, and accept U.S. dollars. But if you’re one of these people, MEXC is ideal:- You trade altcoins daily and want the lowest possible fees.
- You look for new tokens before they list on bigger exchanges.
- You use futures or leverage and want to minimize costs.
- You’re outside the U.S. and need fiat options like EUR or BRL.
- You’re comfortable with less hand-holding and prefer self-service.
How MEXC Compares to the Competition
| Feature | MEXC | Binance | KuCoin | Bybit |
|---|---|---|---|---|
| Total Cryptocurrencies | 2,800+ | 1,000+ | 700+ | 500+ |
| Spot Maker Fees | 0% | 0.1% | 0% | 0.1% |
| Spot Taker Fees | 0.05% (0.01% with MX) | 0.1% | 0.1% | 0.1% |
| Futures Taker Fees | 0.02% | 0.04% | 0.06% | 0.02% |
| Fiat Support (EUR/BRL) | Yes | Yes | No | No |
| U.S. Access | No | No | No | No |
| Demo Trading | Yes | No | No | Yes |
| Native Token Benefits | Yes (MX discounts) | Yes (BNB discounts) | Yes (KCS discounts) | No |
Final Verdict: Worth It?
MEXC isn’t perfect. Customer service is inconsistent. U.S. users are locked out. Fiat options are limited. But if you’re outside the U.S. and you trade altcoins or futures, it’s hard to beat. The zero maker fees alone save hundreds - maybe thousands - of dollars a year for active traders. The early access to new tokens is real. And the demo trading feature is a rare gift in a space full of get-rich-quick scams. For traders who want to move fast, trade cheap, and explore the wild west of crypto, MEXC is one of the few exchanges that actually delivers.Is MEXC safe to use?
Yes, MEXC uses cold storage for 95% of funds, offers two-factor authentication, and has an insurance fund. It’s never been hacked. It’s also registered with financial regulators in Australia, Switzerland, Singapore, and other countries. But like any exchange, you should never keep large amounts of crypto on it long-term. Use a hardware wallet for storage.
Can I use MEXC if I’m in the United States?
No. MEXC does not allow users from the United States to create accounts or trade. This is due to regulatory restrictions. Even if you try to sign up with a VPN, your account may be frozen or banned. If you’re in the U.S., use Coinbase, Kraken, or Gemini instead.
What’s the minimum deposit on MEXC?
The minimum deposit is $10 for fiat currencies like EUR and BRL. For crypto deposits, there’s no minimum - you can send any amount, even fractions of a coin. Withdrawals have minimums based on the coin, usually around $5-$10 worth.
Does MEXC have a mobile app?
Yes, MEXC has a mobile app for iOS and Android. It’s functional for checking prices, placing trades, and managing your portfolio. But for serious trading - especially futures or chart analysis - the desktop site is faster and more reliable.
How do I get MX tokens?
You can buy MX directly on MEXC using any supported cryptocurrency or fiat (if available in your region). You can also earn it through staking, trading fee discounts, or by participating in platform events like airdrops. Holding MX reduces your trading fees and gives you voting rights on new listings.
Is MEXC better than Binance for altcoins?
For altcoin variety and early listings, MEXC is often better. It lists hundreds more tokens than Binance, especially new DeFi and meme coins. Binance has better liquidity and support, but MEXC gives you access to coins you won’t find anywhere else. If you’re hunting for the next big thing, MEXC is the place to look.
Why are some users reporting account restrictions?
Some users get flagged if they trade high-risk tokens, use multiple accounts, or trigger unusual activity patterns. MEXC’s automated systems sometimes freeze accounts for review, especially if they detect potential market manipulation or suspicious volume. Customer support can be slow to respond, which frustrates users. Always follow platform rules and avoid wash trading or spoofing.
Mehak Sharma
November 2, 2025 AT 10:43MX token is underrated too. Holding it isn't just about discounts-it's about influence. I voted on two token listings last month and both blew up. That's power.
And demo trading? Genius. I tested a bot strategy for 3 weeks with fake money and it netted me $18k real profit in two days. No risk, no stress, just pure data.
Yes, support is slow. But if you're trading at this level, you don't need hand-holding. You need liquidity and speed. MEXC delivers both.
Masechaba Setona
November 3, 2025 AT 01:00