What is MEXC?

MEXC Global is available in almost every country, including strict jurisdictions such as the US, Australia, and Canada. The exchange has a variety of markets and tools so that customers can trade cryptocurrencies how they like straight away. With a great customer support team, and no identity verification required, it is easy to see that MEXC prioritizes customer satisfaction, privacy, and anonymity. 

Key Features & Advantages of MEXC

MEXC certainly has a lot to provide their users, with plenty of features and trading options, as well as ways to earn crypto. Let's take a look below to find out the key benefits of trading with MEXC.

Negatives & Disadvantages of MEXC

While MEXC has some of the best possible options to offer their users, they do have a few areas where improvements can be made. These are some points to note before you sign up to MEXC.

What Services does MEXC offer?

Let's take a look in detail at what services MEXC offers to their users. This can help you decide if the exchange is suitable for your needs, or whether you need something different. 

Quick crypto purchases:  For those who do not yet own cryptocurrency, MEXC is a great place to get started. You can directly buy crypto instantly with a range of payment methods, all in a matter of seconds. All you need to do is click on the 'Buy Crypto' button in the menu along the top, then you can select which fiat currency to pay with, and which cryptocurrency to buy. 

Over 1,520+ cryptocurrencies available:  One of the most important points for investors and traders to consider when choosing a crypto exchange is the diversity of assets available. With MEXC, you don't have to worry about this factor as they offer a huge range of cryptocurrencies and trading pairs to investors and traders. To be specific, you can find more than 1,520 cryptocurrencies and more than 2,110+ trading pairs - the most of any crypto exchange we have reviewed.

When we browsed through the list of coins, we found that we were spoilt for choice. There were so many cryptocurrencies that we had not heard of before, which was great, because we spent hours researching them and found a few that had potential. We also used the search function to check if certain coins were offered on MEXC, and every single one of the cryptocurrencies we looked for was there.

Apps available for Android, iOS, and Windows users:  Having a mobile app for your crypto exchange is extremely convenient as you can check your portfolio and execute trades at all times, no matter where you are. MEXC offers apps for Android, iOS and Windows devices, and all the features that you can find on the desktop site are accessible on the app. We downloaded the apps on iPhone and Samsung Galaxy and they ran smoothly with no issues at all. It was very simple to navigate, and trading is easy with the perfectly optimized interface.

Copy Trading so you can copy the most successful investors:  MEXC has a feature called Copy Trading, which allows users to automatically copy the exact trades of whoever they choose to follow. This is a great option for newcomers who need guidance, as well as those who know how to trade, but don't have time to study the market and conduct technical analysis. As you can see in the screenshot below, you can browse the best investors by ROI, Total Profit and Loss, Win Rate, Total Equity, or Number of Followers. 

We found it easy to browse through successful traders, and we also had a recommendation for a well-known trader, who we located quickly using the Search field.

Several trading markets available:  Not only does MEXC have plenty of cryptocurrencies, but they also have a wide range of markets that experienced traders enjoy. We found spot trading, margin trading, and derivatives trading (which includes ETF indices, ETF margin trading, and futures trading) all supported on MEXC.

These markets are all accessible in the one place, and we found it easy to switch between various markets. With so many trading pairs on offer, you are sure to find a good trading opportunity. 

Trade with up to 125x leverage:  Experienced traders looking to maximize profits will enjoy leverage trading. This is where you borrow money from the platform to open a position, and if you make a successful trade, your profits will be multiplied. However, you also need to be aware that a small movement in the opposite direction can cause you to lose your investment very quickly. We don't recommend leverage trading unless you are very experienced.

While leverage trading (or margin trading) is offered on many crypto trading platforms, MEXC goes above and beyond by offering up to 125x limit on certain cryptocurrencies. This is much higher than the maximum seen on other exchanges, and is something that we found particularly attractive about MEXC.

Super-fast and accurate charts:  If you have ever experienced slow charts while trading, you will understand how detrimental it can be; a small inaccuracy with the charts can lead to large financial losses since the crypto market is so volatile. MEXC dismisses this issue as their charts are among the fastest available, with accurate and precise movements. 

When we tested out the site, we found that the charts opened almost instantly, with little load time. This was true of any trading pair we clicked on. The charts are also highly customizable, so you can choose various indices and sub-indices, technical analysis tools, candlesticks, and time frames.

Staking available for several cryptocurrencies:  Everyone loves the idea of passive income, and with MEXC, you can earn interest on your crypto by staking. We visited the staking section of the website to see what coins were available. There are many popular cryptocurrencies, including BTC, ETH, and DOT, and you choose to lock in your crypto for a set period, or keep it flexible. We found the interest rates to be quite good compared to other exchanges.

Range of deposit methods:  MEXC works with various third-party merchants to offer a range of fiat deposit methods to their users. You can use popular payment methods such as Visa, Mastercard, and Bank Transfer, as well as Apple Pay and Google Pay. We found it really convenient to buy USDT directly using Apple Pay, as there was no need to type in credit card details, and it was very straightforward.

If you like to use P2P trading, you can buy and sell crypto for fiat, directly to and from other MEXC users. The payment options on P2P trading are plentiful, and depends on what you and the other user agrees upon. We made a few trades via P2P and the whole process is easy to use. Simply choose an existing order to fulfil, or create your own ad and wait for someone to accept your offer.

Premium help center with multilingual support:  If you have ever struggled with a technical issue on a website before, you will understand how frustrating it can be without good customer support. MEXC ensures that their users never have to feel that pain, by offering premium customer service.

There is a Help Center where you can search for answers to commonly asked questions. If you don't find your answer there, you can either contact MEXC via live chat, or open a ticket and await a response by email. They also offer multilingual support so that you can communicate easily with them in your preferred language.

Easy-to-use platform with hassle-free registration:  The overall interface of MEXC is quite straightforward and easy to use. We did not experience any complications when accessing our account, depositing funds, trading, or staking. The menu at the top of the site has access to all the options on the platform, so you can quickly navigate to the page you want.

Signing up to MEXC is also extremely simple, as you do NOT need to submit any KYC documents. Simply sign up and verify your email address and you can start buying and trading crypto. This is perfect for those who wish to stay anonymous and maintain their privacy when trading crypto.

Extra earnings and prizes:  We mentioned staking above as a way to earn crypto, but besides this, there are other avenues to earn on MEXC. For example, there is a MX-DeFi hub where you can connect to liquidity pools to earn rewards, and free air-drops to be won through M-Day on MEXC.

MEXC also has frequent prizes available to be won, such as a Tesla and BMW motorbikes, which were available at the time of writing. Visit MEXC to see what current promotions are available.

What we don't like about MEXC

MEXC is a great crypto exchange but there are a few points that might not suit some users. Here are a couple of negatives that you should keep in mind before proceeding.

Very limited cryptocurrencies available for quick buy:  If you are in a rush and don't have time to place an order on the markets, the quick buy option is a blessing. However, on MEXC, there is a limited range of coins that you can purchase directly depending on your geographical region.

If you want to buy a coin that is not available on quick buy, you have to first buy an available cryptocurrency (such as USDT), then trade it for the coin you want. 

No fiat withdrawals available:  As MEXC is a dedicated crypto trading platform, users are not able to withdraw fiat currencies from the exchange. If you wish to do so, you will have to transfer your crypto to another exchange that accepts fiat withdrawals. You can see our simple guide here.

MEXC Fees

MEXC Deposit Fees

Depositing cryptocurrency into your MEXC account is free of charge.

Fiat deposits are not supported, but users can use fiat to directly purchase crypto. The fee will depend on the third-party merchants, and it usually ranges from 3-5%. To find out the exact fee before making the purchase, select your preferred fiat payment method and the fee will be displayed.

MEXC Trading Fee

MEXC has a spot trading fee of 0% for makers and 0.1% takers. For Futures trading, it is 0% for makers and 0.03% for takers. To receive 10% discount on all your trading fees, plus $30 FREE USDT, sign up with our link here.

MEXC Fiat Withdrawal Fees

Fiat withdrawals are not supported on MEXC, but you can get your money out by following the steps in this article.

If you want to sell crypto directly for fiat currency, you can do so on the P2P (peer-to-peer) market. There is no fee for trading on there, and the price you receive for your cryptocurrency is up to you. You can list the price you want, and wait for a willing buyer.

MEXC Crypto Withdrawal Fees

MEXC charges a different fee for each cryptocurrency. Some coins are free to withdraw, while others have a specified amount. On the MEXC fee page, you can find the withdrawal fees for each coin.

Pros and Cons of MEXC

Verdict

MEXC is a global crypto exchange offering its services to almost all major countries, including the USA. Due to the availability of over 1,520+ cryptocurrencies, MEXC attracts many traders and investors. With the user-friendly interface, and demo trading mode, MEXC offers amateurs a great place to begin crypto trading. If you want to learn how to trade crypto, see our FREE trading course for beginners and learn all the basics.

If you sign up to MEXC with our link here, you can also receive an exclusive limited offer: FREE $30 USDT, and 10% discount on all your trading fees! Take advantage of this opportunity before it ends.

Overall, MEXC is a great choice for any trader, with low fees, massive range of coins, and various markets. If you are still deciding on a crypto trading platform, you can also have a look at the best crypto exchanges here. We have also included a comparison table below.

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