MEXC Exchange Review 2025: Fees, Trustworthiness, and Reliability
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GNCrypto editors review services independently. If you click on affiliate links, we may earn commissions, which help support our testing. The goal of our reviews is to provide our readers with the most objective and unbiased overviews of available platforms for spot crypto trading.
MEXC
MEXC offers ultra-low spot fees, huge altcoin variety, and fast execution, but operates without top-tier regulation and often lists high-risk tokens that may overwhelm beginners.
The Bottom Line
MEXC is a global exchange with broad spot asset coverage, fast execution, and one of the largest altcoin selections, appealing to traders chasing early-stage tokens. In our test, the interface and mobile app were smooth and intuitive with solid charting. However, KYC rules vary by region, licenses in major Western markets are limited, and frequent new listings can increase volatility and liquidity risk.
- Wide range of assets
- Low trading fees
- Simple registration
- No licenses in major jurisdictions
- Inconsistent customer support quality
Key Features
We tested MEXC under real spot trading conditions to assess its order execution speed, liquidity, security, and interface usability. The goal was to evaluate how the platform’s spot market performs in 2025 and determine whether it meets the needs of active traders who prioritize fast transactions and reliable trading tools.
MEXC Overview: What This Global Exchange Brings to Traders
MEXC has been operating since 2018 and has grown into one of the most recognizable global platforms for digital asset trading. The exchange serves users in more than 170 countries and positions itself as a high-liquidity venue with one of the largest selections of tradable assets.
MEXC lists over 2,000 cryptocurrencies and offers roughly 2,400 spot trading pairs, giving traders access to both established assets and early-stage tokens. The platform frequently launches new listings, attracting users who trade high-risk, fast-moving markets. Its 24-hour spot trading volume typically sits around $3.1–3.2 billion, placing MEXC among the most active spot exchanges worldwide.
Alongside its broad spot market, MEXC provides futures trading, margin tools, lending, staking, and other products designed for active traders.
As part of our MEXC global review, we assessed the platform’s scale, liquidity, and overall position in the current market. Read on to see whether MEXC aligns with your trading needs.
Key Features and Services
MEXC offers a broad spot trading toolkit built for active traders. The exchange supports all core order types, including market, limit, stop-limit, and OCO. In testing, spot orders executed quickly with minimal slippage, even on lower-liquidity pairs. The interface uses the TradingView framework, keeping charts and order management clear and responsive.
The mobile terminal mirrors the web platform. The app remains stable under heavy load, and order execution is just as fast as on desktop, which benefits traders who switch between devices.
MEXC uses a simple fee model: 0.000% maker and 0.050% taker on spot markets. Users who hold at least 500 MX tokens over the previous 24 hours receive up to 50% in fee discounts, including lower taker fees and reduced futures commissions. MX can also be used to pay trading fees at an additional discount. High-volume traders receive extra benefits through VIP tiers, including lower fees and priority support.
Trading limits depend on verification level and asset type, but core spot features remain available in most regions without full KYC. For advanced users, MEXC offers margin tools, deep liquidity on major pairs, and flexible order routing across both spot and futures markets.
Beyond trading, MEXC supports a wide ecosystem of earning products. Its Launchpad, Kickstarter events, staking, flexible earn options, and liquidity pools give users ways to generate yield outside active trading. Returns vary by project, so each product’s terms require careful review.
MEXC integrates third-party payment providers based on location. In supported regions, users can buy crypto directly with bank cards or local payment methods. Elsewhere, P2P trading or external processors are used instead. Availability varies by country, but the core fiat on-ramp remains straightforward.
MEXC – Pros and Cons
Before using the platform, many users want to know how reliable and user-friendly MEXC is, and whether it fits their spot trading style. Based on our testing and analysis of official data, we’ve identified the exchange’s key strengths and weaknesses to help you see how MEXC compares with other global spot platforms.
Strengths:
- Extremely wide selection of spot assets, including rare and early listings
- High order execution speed on the spot market
- Simple registration with no mandatory KYC for basic spot trading
- Low spot trading fees with additional discounts for using the MX token
- Well-designed spot trading interface with flexible order settings
Weaknesses:
- Lack of regulation in major jurisdictions and an unclear legal framework
- Inconsistent customer support quality
- Frequent listings of high-risk tokens, which may pose challenges for beginners on the spot market
- Limited spot feature availability in certain regions
Who MEXC Is Best For
MEXC is best suited for active spot traders who work with a wide range of altcoins and want access to early listings. The platform provides a comprehensive set of tools for spot trading, making it ideal for users who prioritize fast execution, high trading frequency, and flexible order settings.
The exchange also appeals to those who trade low-cap tokens. MEXC often lists new assets before major exchanges, giving spot traders an advantage in spotting early market opportunities.
However, regulatory restrictions and limited availability in some regions can affect access. Users should review local regulations and KYC requirements before trading. MEXC’s primary audience remains active spot traders focused on short- and medium-term market opportunities.
Trustworthiness Check
MEXC does not hold licenses in the U.S., EU, or UK and operates through offshore entities, which gives the exchange flexibility in listings and products but limits regulatory transparency. Although the platform continues expanding into new regions, it has yet to obtain approvals in major financial jurisdictions, leaving users responsible for their own risk assessment.
In October 2025, the exchange faced public criticism from CateCoin, a major meme project on BNB Chain, which accused MEXC employees of requesting undisclosed listing fees and pressuring the team for additional payments.
There have also been isolated reports of temporary fund freezes. In one widely discussed case, a user’s account was unlocked after a review, which the user later confirmed publicly.
At the same time, MEXC has taken steps to improve transparency. The exchange partnered with cybersecurity firm Hacken to conduct monthly, independently verified proof-of-reserves audits, creating an external verification layer that checks MEXC’s reserves against user balances. The system relies on a Merkle tree structure and is designed to verify that reserves exceed 100% of liabilities.
GNcrypto’s Overall MEXC Rating
| Criteria | Rating (out of 5) |
|---|---|
| Fees and Cost to Use | 4 |
| Ease of Use | 4 |
| Security and Compliance | 3 |
| Supported Assets | 5 |
| Reliability and Transparency | 3.5 |
| Customer Support | 3 |
| Liquidity & Volume | 3 |
Methodology – Why You Should Trust Us
Our team created an account on MEXC, tested the interface, reviewed the trading tools, and executed real trades on the spot market. We evaluated spot order execution speed, fee transparency, ease of use, and how the security system responded to device and IP changes.
We also reviewed public information, including spot trading conditions, supported assets, stated security measures, and official documentation. All conclusions are based on direct testing and publicly available data. GNcrypto operates independently and does not accept payment for reviews, listings, or exchange rankings. This material is for informational purposes only.
How We Collect Data
– Public data: fee schedules, supported pairs, proof-of-reserves statements, status pages.
– First-hand testing: we place test trades, measure slippage and spreads, check UI features and speed.
We do not assess the financial stability of the exchange or make guarantees about its future operations. Our ratings reflect the quality of the spot trading experience and available functionality, not institutional reliability.
Categories & Weights
– Liquidity & Volume – 25%
– Fees & Total Cost to Trade – 25%
– Asset Selection & Trading Pairs – 15%
– Execution Quality (Market Quality) – 10%
– Tools & Order Controls – 10%
– Fiat Access & Minimum Trade Size – 5%
– Reliability & Transparency – 10%
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