Subscribe to Updates
Get the latest creative news from Bitcoinsensus.
MEXC Exchange Review - Features, Terms, and Fees
Rating: 80%
Register on MEXC Today!
Get 20% Deposit Bonus
Spot Fees:
Taker
0.020%
Maker
0.000%
Future Fees:
Taker
0.020%
Maker
0.000%
Deposit Methods:
Wire
Credit
Crypto
Is It Safe?
- Home
- /
- MEXC Review
Table of Contents
There are many MEXC crypto exchange alternatives with their own key features, so you can prioritize depending on your trading level, area, and interest. But today we will explore why the MEXC crypto exchange is worth your attention and provides favorable features for beginners and professionals.
MEXC is one of the most welcoming platforms, with a wide selection of coins, including some that you may not find on the most popular platforms. Here you can also find a lot of just-launching coins, and their exclusive listing at the most favorable conditions. And of course, MEXC rewards its users with relatively low fees, more favorable than on many other crypto platforms.
MEXC was founded in 2018 and is registered in Victoria, Seychelles, and is subject to the relevant Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and Know your Client (KYC) policies
It is available in 170 countries, but MEXC restricted countries include North Korea, Cuba, Sudan, Syria, Iran, Crimea, Mainland China, Hong Kong (China), Indonesia, Singapore, Venezuela, the United States, and Canada.
MEXC is also very impressive in terms of 24H Trading Volume, in particular Spot $1.36B and Futures $8.05B, as well as the list of available Assets 2655 coins on Spot and 531 trading pairs on Futures.
Among the available networks, MEXC offers Tron, BSC, TON, Arbitrum One, Ethereum(ERC-20), Optimism, Avalanche C-chain, Polygon, Solana, Celo, Sui, Near, Polkadot, Pulse Chain, Vanar Chain, Ripple, Sei, Injective, OKT, and EOS.
Let’s take a closer look at all the features and terms in a detailed MEXC exchange review.
MEXC Registration and KYC Procedures
MEXC registration is quite similar to other crypto platforms, where you need to enter your email or mobile, and also you can enter a promo code to get a registration bonus.
Then confirm it with a code, and you have a MEXC account ready to trade.
How to Complete MEXC KYC
As we mentioned earlier, MEXC is AML and CTF compliant, so it has mandatory KYC.
However, KYC is not required if you are comfortable with the daily withdrawal limits.
In particular, users without KYC have a daily withdrawal limit of 20 BTC or equivalent.
To get access to increase the daily limit up to 80 BTC, you need to complete Primary KYC by submitting identity documents for verification.
To do this, select Account and go to Identification.
Next, select Primary KYC and follow the instructions to upload a photo of the document and your photo with them, after which you will receive a notification of successful verification and your limits and restrictions will be automatically updated.
If you want to further expand your daily limits to 200 BTC you need to go through Advanced KYC and supplement your documents with facial recognition.
To do so, select Advanced KYC, and also follow the instructions to upload a photo of your documents and your photo with them, as well as a facial scan, after which you will also receive a notification of successful verification.
MEXC User Interface and Main Features
The MEXC user interface also follows common standards and will be as clear as possible for all users of Binance and other popular crypto exchanges.
At the top, you will find a Navigation Bar with the main sections and corresponding MEXC features.
Buy Crypto offers you various methods like Debit/Credit Card, Global Bank Transfer, Quick Buy/Sell, P2P Trading, and especially MEXC MasterCard.
Market offers you a detailed overview of the different coins and their current market data.
Spot offers not only direct crypto buying on the market, but also a particularly favorable MX Zone buying experience for MX tokens holders, as well as Launchpad, Kickstarter, and Deposit for Listing.
Futures offers USDT-M Futures Contracts, Coin-M Futures, as well as Copy Trade, Demo Trading, and Futures Overview.
Another important section is Events, which offers exclusives such as Super X-Game, Futures Leaderboard, New Crypto Events, and Hot Crypto Events.
The last very important section is More, which offers Referrals, the even more lucrative Affiliate Program, also Savings, MEXC Loans, Announcements and the valuable Learn for beginners.
In the center, you will find highlighted up-to-date data on the most popular cryptos, as well as key crypto promos from MEXC.
And scrolling to the end of the home page you will find the bottom section with clues regarding all the information about the platform, such as About Us, Contact Us, Services, User Support, and an impressive list of platforms where MEXC has a Community.
Events & Rewards
An important feature of MEXC is their multiple events and bonuses, in which they reward not only professional traders for high trading volumes but also beginners.
To make sure of this you can go to the Events section, where you will see a lot of different promos dedicated to market trends, separate coins, and much more.
In the Rewards section, you can explore the results of participation in promos, what rewards you have received, and learn more about the terms of their acceptance.
Here you can also see advanced upcoming tasks if, for example, your trading volume exceeds 6M USDT, which is not a huge barrier compared to other platforms.
And tasks for new users, where you are rewarded even for fairly standard actions, like passing verification, making your first deposit, and so on.
MEXC & Bitcoinsensus Welcome Bonus
Don’t miss the welcome bonus on MEXC supported by Bitcoinsensus!
To do so, follow the link below and get a 10 USDT bonus to trade futures on the MEXC.
Moreover, you can get 20% of your deposit amount as a bonus if you make at least one futures trade.
For the deposit bonus to count, you need to honestly fulfill some rather obvious conditions. First of all, you need to register with MEXC before the promo expires in order to participate. Also, don’t try to register multiple accounts to take advantage of the promo more than once – this can result in exclusion from the promo.
Apart from this, you need to consider a few other aspects. Rewards for this promo cannot be combined with other welcome bonuses and rewards – this is a separate additional benefit you get. 20% bonus (up to 500 USDT) will be calculated within 7 days, and based on net deposit, i.e. Net Deposit = Total Deposits – Total Withdrawals.
Deposit and Withdrawal Options
MEXC crypto deposit will look very familiar to you. If you are doing it for the first time, MEXC has kindly added a step-by-step instruction and a description of how to make a deposit.
From it you can see the standard procedure, where you select the cryptocurrency, then select the network, and then get a unique wallet address.
Then you need to use this address on the platform from which you make a withdrawal, select a similar cryptocurrency and network, and follow the instructions. After a successful transaction, you will see the notification and a filled balance of your MEXC account.
To make a crypto deposit on the MEXC mobile app, you need to follow the same steps, completely similar to the web version.
Also, you will be very familiar with MEXC crypto withdrawal, but just in case, the platform highlights step-by-step instructions and explanations here as well.
You need to choose the cryptocurrency, now add the withdrawal address, also the network, and the amount.
Apart from that, you can make things much easier if you want to send crypto to another MEXC user, for which you only need their Email, Mobile, or MEXC User ID.
Fees and Costs
One of the distinguishing features of MEXC is some of the lowest fees among other crypto platforms. In particular, trading fees for both spot and future are 0% for the maker and 0.02%.
The deposit fee is also 0%, while withdrawal fees depend on specific coins and networks, as well as the minimum amount to withdraw.
Security and Safety
MEXC Exchange has made significant efforts to ensure the safety of transactions on its platform by implementing advanced security protocols. The technical team at MEXC has implemented a specialized and high-tech security risk control system as well as an anti-DDOS system, drawing on their extensive knowledge and experience in the digital asset industry.
MEXC also employs security measures such as multi-signature and offline signatures, and layered architecture, to ensure the safe storage of digital assets in cold wallets, providing added protection for its users. Overall, the platform has adopted robust security features to ensure the safety of its users’ assets.
Importantly, MEXC provides Proof of Reserves information, which includes mostly their own MX, also USDT, USDC, BTC and ETH.
Customer Support
No review would be complete without looking into customer support, and here is yet another area where MEXC Exchange does quite well. The 24/7 customer support is available via several channels—live chat on home page, email, and a full-fledged help center.
Users shared positive experiences with the support team, noting that queries are attended to in a professional and timely manner. That said, like any service, there are complaints about the response time to inquiries, mainly when market activities reach the high end. It is also important to note that while support in multiple languages is provided on the platform, the quality can at times be compromised due to the language and time zone being used.
Conclusion
MEXC undoubtedly deserves your attention, as this crypto platform with its trading volume and users comparable to top crypto platforms like Binance and others – remains as friendly and profitable as possible.
MEXC maintains a simple and accessible interface, supports a very wide range of assets, supports multiple launching projects and assets, and very attractive fees.
If you are interested in a simple and easy-to-use crypto platform for beginners or an advanced platform for more specific assets or more favorable conditions for high trading volume – MEXC may be a great choice.
Frequently Asked Questions
MEXC is registered in Victoria, Seychelles
MEXC has restrictions on operating in the USA, not providing KYC and putting limits on payment methods and withdrawals.
Yes, MEXC is subject to AML, CTF, and KYC policies, as well as providing 2FA, and applies multi-signature and offline signatures for digital assets in cold wallets. encounter.
KYC is not required if you have a sufficient daily withdrawal limit of 20 BTC and do not need deposit methods such as Bank Cards and Bank Transfers.
A very wide range of assertions, a large selection of launch assertions and promos, and very low fees relative to competitors.
4.0
- Large Variety of Cryptocurrencies
- User-Friendly Interface
- Competitive Fees
- Restricted Countries
- Lack of Clarity Over Regulation
To keep our site running & free of charge, we may sometimes receive a small commission if a reader decides to purchase services via some links on site, at no extra cost.
Follow Us
All content on Bitcoinsensus.com is provided for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any product, service or investment. The opinions expressed on Bitcoinsensus does not constitute investment advice and independent financial advice should be sought where appropriate. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. Bitcoinsensus will not be held liable for any of your personal trading or investing decisions. Bitcoinsensus will not be held liable for any losses that you may incur by speculating in the market.