Summary: MEXC is the leading non-KYC cryptocurrency trading platform, allowing users to sign up without KYC or verification in over 190 countries globally. The platform boasts an extensive range of tokens, featuring over 1,100 cryptocurrencies across its spot and futures markets. Additionally, it provides a rich selection of services and products, including staking, copy trading, crypto ETFs, lending and borrowing services, a crypto card and more.
- 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 is a global cryptocurrency exchange that offers a platform for trading various digital assets. Established in 2018, the exchange is headquartered in Singapore, a prominent financial and technological hub known for its supportive regulatory environment for blockchain and fintech companies. It stands out for its wide range of services and features, including spot, margin and futures trading, staking, and an over-the-counter (OTC) trading desk.
The platform is recognized for its user-friendly interface, robust security measures, and a commitment to providing a seamless trading experience. One of the key attributes of MEXC is its support for a diverse range of cryptocurrencies. The platform is also known for its innovative offerings, such as the "MXC Labs" which focuses on blockchain project incubation and supporting new projects in the crypto space. This initiative shows its commitment to fostering innovation and growth within the cryptocurrency ecosystem.
MEXC Features
MEXC stands out as a comprehensive exchange with a plethora of unique offerings and services tailored to the digital asset market. It provides an extensive range of features designed for seamless cryptocurrency trading. Here's a concise rundown of the primary services available to MEXC users:
- Diverse Order Types: Engage in buying, selling, and trading across over 1000 digital assets across various markets, including Spot, Futures, and Margin trading, with leverage options reaching up to 200x.
- Launchpad: The feature for introducing new blockchain ventures, allowing users early access to token sales and the chance to acquire new digital tokens directly through the platform.
- Multiple Staking Options: Explore a range of staking mechanisms, such as MEXC Savings and Liquidity Mining, to generate yields on dormant assets.
- MEXC Card: Utilize the MEXC crypto Mastercard for everyday purchases, accepted by millions of merchants worldwide, facilitating spending of cryptocurrencies in real-world transactions.
- Lending Services: Earn interest by lending out your cryptocurrencies, with options spanning across numerous tokens for flexible earning opportunities.
- Crypto Loans: Secure loans up to a significant value in USD using cryptocurrencies like Bitcoin as collateral, offering financial flexibility.
- Demo Account: For those cautious about risking real funds, MEXC provides a demo account feature, allowing for risk-free trading practice using virtual funds to hone trading strategies.
- Copy Trading: Enables users to replicate the trades of seasoned traders, with transparent access to their performance metrics such as profit and loss records.
- Cross-Platform Accessibility: MEXC is accessible on various devices, including mobile, tablet, and desktop, with dedicated apps for both iOS and Android platforms, ensuring trading convenience on the go.
Is MEXC Global Regulated?
MEXC Global is a legitimate 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. It is also compliant with both GDPR and FinCEN. The platform is available across multiple countries and has obtained key licenses and is passing jurisdictions in countries.
Fee Schedule
All fiat currency and cryptocurrency deposits onto the platform are free of charge. However, token withdrawals do require a fee to cover the cost of gas (network transaction fee). For example, to withdraw USDT (Tether) you will have to pay a $20 USD fee, which is pretty substantial. 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. For futures, the Maker/Taker rebate is 0.02/0.06%.
Mobile App
The MEXC mobile app simulates the interface of its desktop counterpart, fittingly adapted for mobile use, thus enabling traders to engage with the market wherever they are. Its simple design ensures that users can navigate through its offerings with ease. The app incorporates key features found on the desktop platform, such as a wide array of trading pairs, staking opportunities, and instantaneous updates on cryptocurrency prices.
This application is accessible for download across diverse mobile ecosystems, catering to both Android and iOS users. On the iOS front, it boasts a commendable 4.6-star rating from over 100 reviews on the Apple App Store, mirroring this performance on Android with a 4.6-star rating from an impressive 17K reviews on the Google Play Store.
Supported Countries
MEXC Global extends its services to a wide international audience, offering its trading platform to users in 190 countries across the globe. The exchange is known for its inclusivity, catering to a diverse user base from various geographical regions. While specific country listings may vary due to regulatory environments and local laws regarding cryptocurrency trading, MEXC maintains a broad accessibility, making it a favored choice for traders worldwide.
It's important for potential users to check the availability and any specific restrictions in their own country, as it adheres to local regulations to ensure a compliant and secure trading environment for all its users. This approach underscores MEXC's commitment to providing a global trading platform while respecting the legal frameworks of different nations.
Does MEXC Global require KYC?
No, you do not have to KYC when you sign up to the MEXC Global exchange. This access only limits you to deposit and withdraw assets. However, if you want to open a trade or participate in referrals or competitions you will need to verify your identity.
Customer Support
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.
Final Thoughts
In conclusion, MEXC stands out as a versatile cryptocurrency exchange, offering a vast array of over 1,100 cryptocurrencies, various staking options, and user-friendly features like copy trading and crypto ETFs. While KYC is not mandatory for account creation, it is required for certain activities. With competitive fees, a solid mobile app, and licenses in multiple jurisdictions, MEXC has established itself as a legitimate and accessible platform for traders worldwide.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
