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MEXC Review

MEXC Review

Alysha Jane
Fact Checked
Nov 29, 2022

MEXC is one of the best cryptocurrency trading platforms that does not require KYC or verification to sign up. They are widely regarded for having a large variety of tokens, with over 1,100 cryptocurrencies listed on their Spot and Futures trading platforms.

They also offer a diverse suite of crypto-native features that includes crypto staking, copy trading, crypto ETFs and much more.

Table of Contents

MEXC Review Highlights

Platform Highlights

  • Trade 1,100+ spot cryptocurrencies and over 200 on their futures markets.
  • No KYC/Verification required to create an account.
  • Staking, IDOs, NFT Wallets, low fees and many other features.

What is MEXC?

MEXC Global is a cryptocurrency exchange that offers a variety of features including futures, spot and margin trading, ETF investing opportunities, cryptocurrency staking and more. It is headquartered in Singapore and is available to users in over 70 countries.

The cryptocurrency investing platform was founded in 2017 and has since grown to become one of the largest cryptocurrency exchanges in the world with over 7 million registered users.

Is MEXC Global legit?

Yes, MEXC Global is a legitimate and regulated cryptocurrency exchange and has obtained compliance licenses in Australia, Canada, and Switzerland. It has implemented a number of measures to ensure the safety of its users' funds, including 2-factor authentication, cold storage for all digital assets, and a strict KYC/AML policy. 

MEXC Global is also one of the few exchanges that are compliant with both GDPR and Fincen regulations. The platform is available across multiple countries and has obtained key licenses and is passing jurisdictions in countries like Australia, Estonia and the United States.

MEXC Global Home Page
MEXC Global Home Page.

Does MEXC Global require KYC?

You do not have to KYC when you sign up to the MEXC Global exchange. However, if you want to open a trade or participate in referrals or competitions you will need to verify your identity. 

MEXC Fees

Luckily for MEXC users, all deposits onto the platform are free of charge, however, withdrawals do require a fee to cover the gas (network transaction) fees. The withdrawal fees can be pretty high depending on what token you withdraw, for example, to withdraw USDT (Tether) you will have to pay a $20 USD fee. 

For spot trading, the fees are competitively low at 0.2% and you get an additional 20% discount if you use MEXC’s native token MX to buy cryptocurrencies. As for futures trading, the Maker/Taker fee is 0.02/0.06% and this figure gets lower the higher your monthly trading volume is.

MEXC Fees Schedule

If you would like to see a full breakdown of MEXC Global fees, you can visit their Fee Schedule

Supported Cryptocurrencies

One of the reasons for the exchange's popularity is the abundance of cryptocurrencies it offers. On MEXC you can invest in over 1,100 cryptocurrencies from stablecoins, altcoins, memecoins, DeFi coins, Metaverse coins and GameFi coins.

It frequently lists new tokens and offers a Launchpad feature to support new, emerging cryptocurrencies. You can find their full token list here.

MEXC Staking

There is a myriad of staking (earn) options available on the MEXC Global exchange. Unfortunately the yields (returns) are pretty low compared to other cryptocurrency exchanges like Bybit. The platform offers over 7 cryptocurrency staking features which are:

  • Crypto Staking - Staking with flexible and fixed terms
  • MX DeFi - DeFi Mining with high rewards
  • Slot Auction - Polkadot and Kusama parachain auctions
  • ETH 2.0 Staking - Ethereum 2.0 Staking
  • Launchpad - This feature provides users with an exclusive, low-cost opportunity to invest early in project tokens with a pre-launch price
  • M-Day - Receive rewards for holding MX and trading high volumes
  • Kickstarter - This is a feature where users vote for a token during the pre-launch stage of a project and then receives airdrops tokens for free to all successful voting users
MEXC Staking
MEXC Staking Page.

MEXC Global Mobile App

The MEXC Global app has a simple and intuitive interface that is easy to use for both beginners and experienced traders. It is available for Android and iOS devices. On the app store, it is rated 3.4 stars from 75 reviews and 4.1 stars from 17K reviews on the Google Play store.

MEXC iPhone Screenshot
MEXC iPhone Screenshot.

Customer Support & Online Communities

MEXC Global has a large customer support team and online presence. The platform offers 24/7 live support via their live chat feature and on email. You can also reach them on Telegram, Discord, Youtube, Twitter, Facebook, Reddit, LinkedIn, Instagram, Medium & VK. MEXC unfortunately has a low rating on Trust Pilot with 2.5 stars and most the reviews are relating to the support team.

Customer Support on MEXC Global
Customer Support on MEXC Global.

Is MEXC Global available in the USA?

Yes, US residents have access to the MEXC exchange, it was previously unavailable to US citizens but have since acquired the appropriate licensing to operate in the United States. The exchange is accessible in over 70 countries including Australia, Canada, Switzerland, Singapore and more.

MX Token Price

The chart below is the live price of the MX Token (native token of MEXC Global) in US dollars.

MEXC Final Thoughts

Overall, MEXC Global is a great option for traders and investors, offering over 1,100 cryptocurrencies, ETH 2.0 staking, a mobile app, DeFi mining and multiple staking opportunities. The fees are also very competitive compared to other exchanges on the market and MEXC has a strong presence in the United States which wasn’t available earlier.

The only concern is the low customer support rating on Trust Pilot, but this could be due to the fact that MEXC are relatively new and still ironing out their operational processes. If you would like to read more about MEXC Global or open an account, you can visit their homepage here.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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