MEXC review 2026
TL;DR
MEXC is the exchange with the lowest trading fees on the market: 0% for makers on both spot and futures. Over 2,500 cryptocurrencies – more than most competitors. Note: zero fees are partly offset by slightly wider spreads on some pairs.
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What is MEXC
MEXC is a centralized crypto exchange founded in 2018 and registered in the Seychelles. The platform's main advantage is a zero maker fee on both spot and futures. It lists over 2,500 cryptocurrencies, making it one of the leaders by token count. MEXC is known for adding new coins ahead of most competitors – often days before they list on major venues. An important nuance: zero fees are partly offset by wider spreads (the gap between buy and sell prices) on less liquid pairs. On popular pairs like BTC/USDT, this is unnoticeable, but on rare tokens the spread can be significant. There is also a native MX token, staking, a launchpad, and P2P exchange. The interface is available in multiple languages.
Pros and cons
Pros
- +Zero maker fee – 0% on spot and futures
- +Over 3,000 cryptocurrencies – one of the largest selections on the market
- +New tokens appear earlier than on other exchanges
- +Low futures taker fee – just 0.02%
- +P2P exchange with wide local currency support
Cons
- –Zero fees are offset by wider spreads on rare pairs
- –Liquidity on obscure coins is notably lower than on Binance
- –Cluttered interface – many sections, easy to get lost
- –Support responds slower than market leaders
- –Reputation less established than veteran exchanges
Fees
| Type | Maker | Taker |
|---|---|---|
| Spot | 0% | 0.05% |
| Futures | 0% | 0.02% |
Withdrawal fees
Trading features
MEXC offers spot trading with 2,500+ coins – one of the largest catalogs on the market. USDT-M futures with up to 200x leverage on major pairs. The key highlight is zero maker fees on both spot and futures; takers pay 0.05% on spot and 0.02% on futures. Margin trading with cross and isolated margin is available. Important nuance: on less liquid pairs the spread is wider – zero fees are partly 'returned' through the price gap. On top pairs (BTC, ETH, SOL) the spread is minimal and the zero-fee benefit is real.
Deposits and withdrawals
Crypto deposits are free, with dozens of supported networks: TRC-20, ERC-20, BEP-20, Solana, Arbitrum, Polygon, and more. Card purchases go through third-party providers (Banxa, Mercuryo) at 1.5–3.5% fee. Minimum deposit starts from $1 in crypto. Withdrawals: BTC – 0.0005 BTC, ETH – 0.005 ETH, USDT – 1 USDT via TRC-20. Withdrawal speed is 10–30 minutes for standard operations. Tip: check available networks before transferring – some networks may be temporarily disabled for rare coins.
P2P and buying with fiat
P2P exchange supports multiple local currencies and payment methods. P2P liquidity is moderate – sufficient for buying USDT, but large amounts are best split across several trades.
Security
MEXC applies standard security measures: cold storage for the majority of funds, two-factor authentication, anti-phishing codes, and withdrawal address whitelisting. The exchange does not publish regular Proof of Reserves reports, which reduces transparency compared to market leaders.
Verification (KYC)
Basic trading is available without verification, with withdrawal limits. For full access, a passport plus selfie is required. Processing usually takes 15–60 minutes.
Passive income
MEXC Earn offers flexible and fixed staking with APY from 1% to 20% depending on the coin. Launchpad (MX Kickstarter) lets you participate in new token launches by staking MX. ETH staking with a liquid token. The Earn product range is smaller than Binance or OKX, but the core tools are there. For passive income on major coins (BTC, ETH, USDT) – a solid option.
Copy trading and bots
Copy trading on MEXC exists but is less developed than on Bitget or Bybit. Available for futures – pick a trader from the ranking, set the amount, and trades are copied automatically. Trader stats are available (PnL, win rate), but the selection is smaller – fewer top traders. Trading bots are built into the platform: grid and DCA bots. If copy trading is your top priority, Bitget is a better choice.
Mobile app
The MEXC app is functional but cluttered – lots of sections and buttons, easy for beginners to get lost. App Store rating: 4.5/5, Google Play: 4.3/5. Full feature set: spot, futures, P2P, staking. Multi-language interface. Push notifications for prices and orders work reliably. Slightly slower to load than Bybit and Bitget, but no critical issues.
Customer support
Support via website chat – first a bot, then a live agent. Wait time for a live agent ranges from 15 minutes to several hours, noticeably slower than Bybit or Bitget. Multi-language knowledge base available. Email support for serious issues (account unlocking, disputes). From our experience, the bot handles simple questions fine, but for non-standard situations you will need patience.
Best for
MEXC is ideal for those hunting for new tokens at an early stage who want to pay minimal fees. The zero maker rate attracts active traders placing limit orders. It also suits altcoin hunters – the 2,500+ coin catalog covers virtually everything.
vs Competitors
MEXC vs Bitget: MEXC wins on coin count (2,500+ vs 800+) and zero maker fees. Bitget is stronger in copy trading and liquidity. For hunting new listings – MEXC; for copy trading – Bitget. MEXC vs KuCoin: both are great for altcoins, but MEXC offers zero fees and more coins. KuCoin wins on reputation and the KCS token with dividends. MEXC vs Gate.io: Gate.io leads in coin count (3,800+), but MEXC wins with zero fees and a more convenient P2P.
Referral program
MEXC offers a referral program with partial commission rebates from invited users' trades. Signing up through our link unlocks bonuses for new users.
Open MEXC account + get bonusFAQ
Is it true that MEXC has zero fees?
For makers, the fee is indeed 0% on both spot and futures. Takers pay 0.05% on spot and 0.02% on futures. But there is a nuance: on less liquid pairs the spread (gap between buy and sell prices) is wider than on exchanges with standard fees. On top pairs like BTC/USDT this is unnoticeable.
Is it safe to trade on MEXC?
MEXC uses cold storage and 2FA but does not publish Proof of Reserves. We recommend not keeping large amounts on the exchange and withdrawing funds to a personal wallet.
Why does MEXC have so many coins?
MEXC follows an aggressive listing policy – it adds new tokens before competitors. This is a plus for those hunting new listings, but some coins may have low liquidity.
Is MEXC available worldwide?
MEXC is available in most regions. It has P2P with local currency support and a multi-language interface.
Is verification required for trading?
You can start trading without KYC, but with withdrawal limits. For full access, a passport and selfie are required.
This article contains affiliate links. Not financial advice. Crypto is volatile – invest responsibly.