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MEXC Review 2025 – Is It Still a Top Crypto Exchange This Year?

Author: A. Woodhead

Adam Woodhead

Co-Founder

Adam is a passionate investor who created The Investors Centre (TIC) to combine his professional skills with his love for investment. His goal is to offer a platform filled with valuable resources, practical advice, and effective strategies for anyone looking to make their mark in the investment world.

“Investment is about more than just numbers; it’s about strategy, research, and the willingness to adapt. At TIC, we’re here to provide the tools and knowledge you need to succeed on your investment journey.”

Reviewer: D. Farnell

Dom Farnell

Co-Founder

Dom is an experienced retail investor, learning his craft in what he likes to call the “hard way”. Through many of these lesson’s he has crafted himself a sound investment strategy that has enabled him to make investing into a business not just a hobby. He wanted to create The Investors Centre to be able to use these lessons and help other people establish them selves in the world of investing.

“Financial clarity and integrity are the cornerstones of everything we do. We’re here to ensure that your investment journey is built on a solid financial understanding and a sound strategic foundation.”

Jun 18, 2025

Table of Contents

Disclaimer

How We Test

MEXC has become one of my go-to platforms, especially for low-fee trading and discovering new altcoins before they hit the mainstream. It’s fast-growing, packed with leveraged trading tools, and constantly listing emerging projects. 

In this review, I’ll walk you through my experience using MEXC — what it gets right, where it still needs work, and who I think it’s best suited for.  

Table of Contents
Table of Contents

Quick Answer:

MEXC is a top choice in 2025 for traders seeking low fees, deep liquidity, and early access to altcoins. It’s packed with features like copy trading, staking, and leverage up to 200x — but it’s better suited for experienced users than absolute beginners. 

What Is MEXC?

MEXC has over 1,600 assets, ultra-low trading fees, and a toolbox built for serious traders. It is a platform that offers way more depth than many of the big-name exchanges. If you’re like me and always on the hunt for the next altcoin before it goes mainstream, MEXC is one of the first places I check. 

I’ve used MEXC extensively over the past year for both spot and futures trading. What stands out isn’t just the sheer number of tokens available, but also how early some of them get listed. It’s also where I dabble in higher-leverage trades (up to 200x on some contracts), though I wouldn’t recommend that unless you have experience in this area and know what you’re doing. 

FeatureDescription
Spot & Futures TradingTrade crypto with tight spreads across spot and futures markets
Copy TradingFollow and replicate strategies from top-performing traders
Launchpad & AirdropsEarly access to token launches and frequent airdrop opportunities
High LeverageUp to 200x leverage available on selected futures contracts
Minimal KYCTrade, deposit, and withdraw with limited ID verification requirements

Is MEXC Safe and Legit?

It isn’t FCA- or SEC-regulated, which, admittedly,  gave me pause at first. However, it hasn’t had any major hacks to date, and the internal security measures are strong enough that I (and many other traders) feel comfortable trading here regularly. 

Like most serious exchanges, MEXC uses cold wallet storage for the majority of user funds, so they’re not sitting vulnerable online. I’ve set up two-factor authentication on my account and also utilise their withdrawal whitelist feature, which means funds can only be sent to pre-approved addresses. That adds a solid extra layer of protection, if you’re worried about account compromise. 

What about their Regulatory Status & Transparency?

MEXC is based in Seychelles, so it doesn’t offer the same regulatory protections as exchanges based in the  UK or US. That means there’s no FSCS or CIPF-style fund guarantee which is something you need to be aware of. However, they do publish Proof of Reserves and conduct internal audits. I still don’t store large amounts on the platform long-term, but for active trading, I’ve found it dependable. 

What Can You Trade and Earn on MEXC?

When it comes to range and variety, MEXC easily has one of the most impressive crypto line-ups I’ve used. I can trade over 1,600 cryptocurrencies — including the usual heavyweights like BTC and ETH, but also meme coins, low-cap DeFi gems, and tokens I’ve never seen listed anywhere else. It’s a goldmine if you’re into discovering altcoins before they trend. 

Beyond spot trading, I’ve found MEXC’s earning tools genuinely useful. I’ve used staking to earn passive income on stablecoins, and I’ve even joined a few launchpad projects that gave me early access to tokens before their big pumps. If you enjoy having options when trading cryptocurrencies, then MEXC really delivers on that front. 

What about Derivatives and Leverage?

I’ve experimented with their futures contracts, which offer leverage up to 200x — though I personally cap it at 10x for risk control. They also offer 3x long/short ETFs, and I’ve tested their grid trading bots, which are helpful in volatile markets. 

Does MEXC off Staking and Yield Products?

If you’re looking to earn yield, MEXC has options. I’ve used: 

  • Flexible savings for USDT and ETH 
     
  • Fixed staking for longer-term plays 
     
  • Launchpool projects that offered solid APRs and early access rewards

What about Launchpad and New Listings?

This is where MEXC shines. I’ve participated in token launches through their Launchpad, and the airdrop frequency is solid. It’s one of the best platforms I’ve found for spotting low-cap gems early. 

FeatureDescriptionBenefitsIdeal For
Spot TradingTrade over 1,600 crypto pairs across major, DeFi, meme, and niche tokensAccess to early listings, deep liquidity, low feesAll users
Futures & LeverageDerivatives contracts with up to 200x leverage on select pairsHigh potential returns, risk management tools includedAdvanced traders
Staking & SavingsEarn passive income via flexible or fixed lockups of crypto assetsCompetitive APRs, auto-compound optionsPassive investors
LaunchpadGet early access to token sales and exclusive project listingsPotential for high-growth investments, regular airdropsAltcoin explorers
Grid Trading BotsAutomate trades within a defined price range using custom settingsHands-off trading in sideways or volatile marketsIntermediate traders
Leveraged Tokens3x Long/Short tokens that don’t require margin or liquidation managementSimplified leveraged exposure with reduced riskTactical altcoin traders
ETFs & Index TokensBundled crypto exposure (e.g., DeFi index, AI coin basket)Diversified investing in specific themesStrategic investors

What Are the Fees on MEXC?

Spot trades cost just 0.1%, and since I hold a small amount of MX tokens, I get an extra discount that brings it down to 0.08%. For futures, I’ve traded with zero maker fees, which is a big plus if you’re an active trader like me. 

What I also appreciate is that MEXC doesn’t sneak in any unknown charges. There’s no fee just for having an account, and deposits are completely free. Withdrawals though do have a fee, but it’s tied to the blockchain network you’re using, not something MEXC marks up. 

ActivityFee (Standard)MX Token Discount
Spot Trading0.1%0.08%
Futures Trading0.00% / 0.01%Tiered
DepositFreeN/A
WithdrawalVariable (network-based)N/A

Any Hidden Charges?

I’ve looked closely at MEXC’s fee structure, and I haven’t come across any hidden charges. There are no account maintenance fees, and depositing cryptocurrency is also free; I’ve used USDT, ETH, and BTC without incurring any charges to top up my account. Withdrawal fees do apply, but they’re based on current network congestion, not inflated by MEXC, and I’ve found them to be fair. Overall, it’s genuinely one of the most trader-friendly fee setups I’ve come across. 

How Easy Is It to Use MEXC?

The interface is fast and packed with features, but it can take a few sessions to get comfortable. Once I set everything up and got used to the layout, it became one of the more intuitive platforms I’ve used, especially for spot and futures trading. 

These days, I do most of my trading on the web platform, which is powered by TradingView — so charting tools and indicators are top-notch. Placing orders and setting stop-losses is seamless once you’re familiar with the process. 

Beyond spot trading, I’ve found MEXC’s earning tools genuinely useful. I’ve used staking to earn passive income on stablecoins, and I’ve even joined a few launchpad projects that gave me early access to tokens before their big pumps. If you enjoy having options when trading cryptocurrencies, then MEXC really delivers on that front. 

The mobile app surprised me in a good way. It offers the full trading experience, not just a stripped-down version. I can monitor markets, adjust open positions, and even stake tokens straight from my phone. Plus, the UI is customisable, and dark mode is a must for late-night sessions. 

Is MEXC beginner-friendly?

If you’re new to crypto, MEXC might feel a bit much at first. That said, their copy trading feature is a great entry point. They also host a “Learn” section with walkthroughs and definitions, which can prove useful early on. It should be noted that there is no live chat. Support is handled via a ticket system, and response times vary. 

Do You Need KYC to Use MEXC?

MEXC will not compel you to complete KYC verification right away. I was able to deposit crypto, trade, and even make withdrawals without confirming my identity. 

That said, there are limits. I could only withdraw up to a certain daily cap before MEXC asked for verification. And when I wanted to participate in one of their token launches and use a fiat onramp, I had to go through the KYC process. 

What are the KYC Requirements?

The verification process was smooth. I submitted my passport and a recent selfie, then it was approved within a few hours. MEXC strikes a nice balance where you can explore the platform freely, but unlock more features once you’re ready. 

How Does MEXC Compare to Other Major Exchanges?

When it comes to asset variety and fees, MEXC truly stands out. I’ve found coins on MEXC that didn’t debut on other platforms until weeks later, and the fee structure is one of the lowest I’ve come across. 

That said, there are some trade-offs. MEXC isn’t regulated by the FCA or SEC, and fiat support is pretty limited. If you’re someone who relies on easy bank transfers or prefers a platform with full regulatory backing, other platforms might be more your speed. 

But if you’re comfortable navigating crypto on crypto’s terms and you value early access to new projects then MEXC is tough to beat. 

What Are the Pros and Cons of MEXC in 2025?

The low fees alone make it worth considering, especially if you’re an active trader. Plus, the sheer number of coins available means I can get in early on tokens before they show up on more mainstream platforms. 

That said, it’s not perfect. If you’re someone who needs a lot of customer handholding or bank integration, it might not be your first choice. 

ProsCons
Low fees across spot and futuresNot FCA/SEC regulated
Massive altcoin and new coin accessLimited fiat on/offramps
Copy trading, staking, and launchpad optionsNo live customer chat
High leverage with deep liquiditySlight learning curve for some tools
Good mobile + desktop experience

How Do You Get Started with MEXC?

Signing up with MEXC was surprisingly easy. I signed up in under two minutes and was trading within the hour. You don’t need to complete KYC right away, which makes it perfect for exploring the platform without committing.  

  1. Register using your email or mobile number
  2. Enable 2FA for added security
  3. Deposit crypto
  4. Start trading — explore spot, futures, staking, or copy trading 

Final Verdict

At TIC we have given MEXC a 4.5 out of 5 stars.  MEXC features advanced trading tools, stringent security measures and a competitive fee structure.  If you’re an intermediate or advanced trader who wants early access to tokens, deep liquidity, and rock-bottom fees, MEXC is one of the best platforms available in 2025. 

I use it when I’m in the market for low-cap gems or want to explore leveraged trades. It’s powerful, fast, and packed with features, but I would not recommend it to complete beginners, casual fiat investors, or anyone who needs live customer support. 

In short, if you’re serious about trading crypto and comfortable with self-managing your risk, MEXC is more than worth trying. Just start small, learn the tools, and see how it fits your style. 

Trade Smarter, not Harder

Investing in crypto carries a high level of risk.

FAQs

Can I use MEXC without completing KYC?

Yes, you can trade and withdraw crypto on MEXC without KYC, up to a daily limit. However, KYC is required for access to all their services.

What fees does MEXC charge?

MEXC charges 0.1% on spot trades and as low as 0.00%/0.01% on futures. Fees are even lower if you hold MX tokens.

Does MEXC support fiat deposits and withdrawals?

Fiat support is limited. MEXC partners with third-party services for credit/debit card purchases, but bank transfers are not widely available.

What makes MEXC different from their competitors?

MEXC lists over 1,600 altcoins and offers higher leverage, lower fees, and faster access to new tokens. 

Is MEXC good for beginners?

MEXC is more suited to intermediate or advanced traders. Beginners may find the interface overwhelming.

References

  1. MEXC Official – Trading Fee Schedule
  2. MEXC Glossary – Crypto Regulation 
  3. MEXC Learn – How to Perform KYC Verification on MEXC?
  4. MEXC – New Listing Calendar