MEXC Global (formerly MXC) is a cryptocurrency exchange founded in April 2018, now ranking among the top 100 exchanges with a daily spot trading volume nearing $500 million. Serving over 5 million users across 70+ countries, MEXC offers diverse trading products, including spot, margin, futures, and ETFs. This review explores its features, security, fees, and more.
Disclaimer: This article is not investment advice.
🔥 Key Features at a Glance
| Feature | Description |
|---|---|
| Trading Options | Spot, margin (up to 10x leverage), and futures (up to 125x leverage) |
| Supported Assets | 1,500+ cryptocurrencies and 1,650+ trading pairs |
| User Experience | Intuitive interface, fully functional mobile app |
| Advanced Tools | P2P trading, copy trading, demo trading, leveraged/index ETFs |
| Educational Resources | Tutorials and curated crypto learning materials |
💰 Fee Structure
- Spot/Margin Trading: 0.2% for makers/takers (20% discount with MX token holdings).
- Futures Trading: 0.02% maker fee, 0.06% taker fee.
- Deposits: Free.
- Withdrawals: Variable fees based on network congestion.
🌍 Supported Countries
- Available: Licensed in Singapore, Canada, Australia, Estonia, and the U.S. (excluding OFAC-sanctioned regions).
- Restricted: Mainland China, North Korea, Iran, Syria, Crimea, Cuba, Sudan.
👍 Pros and 👎 Cons
Pros:
- High liquidity with 6M+ active users.
- Cold wallet storage for enhanced security.
- Multiple payment options (credit cards, bank transfers, Alipay).
- Extensive educational content.
Cons:
- Limited fiat withdrawal options.
- Lesser-known compared to giants like Binance.
- Founders’ anonymity raises transparency concerns.
Key Products
1. Trading Services
- Spot Trading: Direct buying/selling of 600+ coins.
- Margin Trading: Up to 10x leverage on 72+ assets.
- Futures Trading: Up to 125x leverage (USDT/coin-margined).
- ETFs: 3x leveraged ETFs (e.g., BTC3L/BTC3S) and Grayscale Index ETFs.
2. Fiat On-Ramps
Buy crypto via Visa/Mastercard, bank transfers, or Alipay in:
- USD, EUR, GBP, AUD, RMB, VND, PHP.
3. Financial Services
- Staking: Flexible (no lock-up) and fixed-term (higher APY) options.
- MX DeFi: Stake tokens to earn rewards (e.g., DOT → Safemoon).
- Kickstarter: Vote for new listings via staking; receive airdrops.
- ETH 2.0 Staking: Stake ETH for BETH (1:1) with PoS rewards.
🔒 Security and Legitimacy
- Licenses: Registered in Singapore; compliance licenses in Canada, Australia, and the U.S.
- Security Measures: Cold storage wallets, 2FA (Google Authenticator/SMS), anti-phishing codes.
- Audits: MX token audited by Slowmist.
👉 Explore secure trading on MEXC
Supported Cryptocurrencies
- 667+ coins across 771 markets (3rd-largest by supported assets).
- Includes BTC, ETH, MX (native token), and emerging DeFi projects.
Payment and Withdrawal Methods
- Deposits: Crypto transfers, credit cards, bank transfers.
- Withdrawals: Crypto-only (after 2FA verification).
❓ Frequently Asked Questions
Q: Does MEXC require KYC?
A: Yes, but users can trade <0.7 BTC/day without KYC. Full KYC needs ID, proof of address, and a selfie.
Q: Is MEXC safe?
A: Funds are secured via cold storage; no hacks reported since 2018. However, some users report account freezes (unverified).
Q: What’s the max leverage?
A: 125x on futures contracts.
Q: How to withdraw?
A: Navigate to Assets → Withdraw → Enter details → Submit.
Conclusion
MEXC Global stands out for its vast asset support, low fees, and DeFi-centric products. While its security measures and licenses inspire confidence, anonymity of founders and limited fiat withdrawals may deter some users.
👉 Compare MEXC with other top exchanges
Final Verdict: Suitable for traders seeking high leverage and diverse crypto options, but conduct due diligence before committing funds.
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