Choosing a cryptocurrency exchange is a complex task, as various platforms claim the best commissions, available tokens, and the highest level of security. MEXC, which has been operating since 2018, demonstrates global growth. In this review, we will examine in detail the security measures, user experience, supported assets, and overall reliability of the exchange to help users decide if it suits their trading needs.
MEXC serves as a leading global cryptocurrency exchange for buying, selling, and trading digital assets. The company was founded by Ryder Jungji and is managed by CEO John Chen, a businessman from Singapore. The company's headquarters are located in Victoria, Seychelles. Through the mexc application, the platform provides a wide range of services, focusing primarily on spot and futures trading, backed ETFs, perpetual futures, NFT Index, and portfolio management.
In addition to spot and futures trading, the mexc application offers features such as staking and airdrops for its audience of over 40 million users worldwide. A reliable trading engine, developed by banking specialists, processes 1.4 million transactions every second, ensuring high speed. Thanks to low trading fees and support for multiple languages, the mexc application meets the needs of experienced traders.
User security is ensured by a multi-level architecture with several clusters. If users aim to diversify their portfolios through spot and futures trading, MEXC offers staking and earning services, as well as a platform for launching new projects and demo trading for beginners. Users can join the active community of mexc traders through the app or access spot and futures markets via the web interface. Furthermore, developers can use the MEXC API to integrate data into their applications.
MEXC has obtained several licenses, including an MSB license in the US, an AUSTRAC license in Australia, and an MTR license in Estonia. These permits allow users to download the mexc application and use exchange, wallet, and money transfer services globally. However, in 2023, MEXC faced regulatory issues, including warnings from BCSC, FMA, and BaFin, as well as the revocation of its Estonian license in November 2023.
Spot trading on MEXC Global allows users to exchange a diverse set of cryptocurrency pairs, including major assets like BTC/USDT and ETH/USDT, as well as a number of altcoins. Unlike derivatives and futures, with spot trading, the user immediately owns the assets. MEXC is considered one of the largest altcoin exchanges in the world, offering over 3000 coins. This places the exchange significantly above many competitors, benefiting new, active, and professional traders looking to go beyond Bitcoin and Ethereum. Users can also participate in the daily m day event to receive airdrops.
MEXC provides a professional dashboard for spot trading, displaying a real-time order book and advanced charting tools based on TradingView for technical analysis. To ensure user security, the exchange maintains full platform reserves, known as reserve assets. Legitimate users who comply with the user agreement can trade confidently, and customer support is ready to provide any assistance. The exchange also offers many types of orders, including:
The exchange also provides a range of technical indicators to aid in making buy or sell decisions. Popular tools include K-lines, moving averages, and MACD. MEXC also offers a futures trading tool, making derivative trading seamless on a convenient platform. Users can agree to buy or sell crypto assets at a predetermined price in the future. Investors planning to trade futures on the platform need to transfer funds from the spot account to the derivatives account to ensure transaction stability.
More than 1200 futures contracts are available on MEXC, backed by the liquidity of leading industries. With leverage up to 500x, these contracts allow control of a position significantly exceeding the initial investment. Although a high level of leverage can raise serious risk concerns, the depth of the platform's market contributes to more stable trading.
When trading USDT-M futures, USDT is used as collateral, while other cryptocurrencies are used for Coin-M futures. To ensure more stable trading, the exchange supports the liquidity of leading industries, creating an environment for stable trading even when MEXC offers leverage up to 200x. MEXC perpetual futures have various order types. The exchange also offers two margin modes for futures trading.
The MEXC Futures M-Day event is a promotional event where clients trade USDT-M or Coin-M futures with a chance to win prizes in a draw, mainly futures bonuses that can be used as margin, with the possibility of withdrawing profits. Spot traders can trade crypto futures during the Futures M-Day event. The goal of this event is to attract both experienced and novice traders by providing an accessible and convenient trading environment.
Thanks to the peer-to-peer (P2P) trading mechanism, users can easily buy and sell cryptocurrencies such as USDT, USDC, BTC, and ETH directly with each other using fiat currencies. Currently, the platform supports three fiat currencies: Vietnamese Dong (VND), Russian Ruble (RUB), and South Korean Won (KRW).
Users have the option to become advertisers, creating their own ads for buying or selling, setting their own fiat prices, choosing payment methods, and defining transaction limits. Alternatively, they can act as buyers, selecting an existing advertisement to complete a transaction. MEXC uses an Escrow system as an additional layer of security. Essentially, when a transaction begins, the platform places the cryptocurrency being sold in escrow until payment confirmation, ensuring that both the buyer and seller fulfill their obligations.
Demo trading, as the name suggests, involves simulating the futures trading market. This gives traders a valuable opportunity to learn by replicating real transactions. This practice is excellent for honing trading skills and improving overall performance. MEXC provides 50,000 USDT to start demo trading. It should be remembered that all activities in demo trading on the simulation platform are intended only for practice, meaning you will not actually earn or lose money.
The MEXC Copy Trading feature allows users to easily follow experienced traders in futures trading, providing a premium trading experience. This is a very easy-to-use feature on the investment platform for beginners with some professional experience. Users note fast trade synchronization, which is critical in volatile markets. The main idea is that subscribers can benefit from the experience and strategies of leading traders without needing to analyze the markets or manage every position themselves. This is enhanced by low and often zero commissions on maker spot trades, which preserves capital.
To become a subscriber, one simply needs to select a leading trader and review their past performance, such as ROI, win rate, PNL, and trading frequency. Thanks to the low transaction fees applied, you retain more profit. After that, ensure you have funds in your spot account to use as margin. Even with zero-commission promotions, standard low fees make MEXC a competitive choice.
There are several ways to execute copied trades. Initially, there is a minimum investment threshold on the app or website. For example, if you want to copy trades, you need to invest at least approximately 30 USDT for certain modes. Leading traders receive a share of the profits from their subscribers, and this percentage is pre-determined. Subscribers pay this share only upon making a profit.
This feature simplifies users' ability to purchase cryptocurrency using payment methods convenient for them, including SEPA, credit and debit cards, as well as various third-party payment services such as MoonPay, Mercuryo, Simplex, and others. MEXC is not responsible for processing these transactions; it merely acts as an intermediary between users and third-party payment providers.
The MEXC Card is a virtual prepaid Mastercard created for MEXC exchange users. It is available in some countries, including 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.
The MEXC Card has only one tier—unified. To apply, you must ensure you have completed KYC verification at least 14 days before applying and made at least one previous purchase using a bank card or SEPA on MEXC. Among its features:
On MEXC, the term 'Staking & Earn' refers to functions that allow users to earn rewards or interest on their crypto assets instead of just holding them. MEXC Savings is a product or service offered by MEXC that allows users to earn passive income from assets held on the exchange. It is sometimes called MEXC Savings or MEXC Earn on the platform. Here, users earn income simply by staking cryptocurrency. The income is based on the Annual Percentage Rate (APR) that the user can receive by staking or locking their cryptocurrency for a specific period.
Currently, there are two types of MEXC Savings: 'Flexible Savings' and 'Locked Savings'. In 'Flexible Savings', users can trade, transfer, and withdraw funds at any time. This savings type is similar to the traditional banking system, where users earn rewards for holding their assets in a regular MEXC wallet. Conversely, in 'Locked Savings', assets are locked for a specific period, similar to a fixed deposit. In this case, users cannot trade, transfer, or withdraw their assets, but they receive rewards.
Simply put, when MEXC states 'Earn 7% yield on USDT in Savings,' it means that if you lock $1000 in USDT for a year, you can earn about $70 in passive income. MEXC Loans is a lending solution that allows users to gain liquidity from their crypto assets without selling them. By using tokens such as TON as collateral, users can borrow assets like USDT for fixed periods 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 decreases and the LTV exceeds the set threshold, MEXC may liquidate the collateral to repay the loan. Borrowers can manage risks by adding collateral to lower the LTV ratio and prevent liquidation. MEXC Loans offers a practical way to access liquidity while preserving long-term assets, but success depends on active collateral management and awareness of market risks, so self-research (DYOR) is recommended.
MEXC Kickstarter is a pre-listing event where users vote for new projects using MX tokens. Participation is free, and tokens are temporarily locked during voting. Rewards are distributed in the form of project tokens received as an airdrop. Snapshots ensure fairness, and users must make at least one futures trade to participate. This event increases project visibility and offers early rewards to MX holders. On the other hand, MEXC Launchpool allows users to stake MX, USDT, or other tokens in designated pools to receive new project tokens proportionally. These limited-time events often feature a high Annual Percentage Rate (APR) and substantial reward pools, such as APT. While tokens are staked, participants gain early access to new tokens without direct purchase. Both MEXC Kickstarter and Launchpool offer early access to new tokens, but their methods differ: Kickstarter uses MX token voting, whereas Launchpool requires staking and KYC verification. Both offer low risk and rewards, although participants should consider potential token volatility, diluted rewards, and specific conditions.