Is MEXC Safe? 2025 Guide to MEXC Exchange Security
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.”
Thomas Drury
Co-Founder
Thomas is an experienced financial trader in leverage instruments, crypto and general investing. He has over a decade experience in finance and holds Chartered Status in the financial industry, Thomas’s speciality is trading CFDs, Forex and Day Trading. His crypto portfolio is heavily weighted towards BTC and Eth, but enjoys trading low cap crypto’s with higher volatility. Thomas’s favourite trading strategy is break out Trading.
“Our commitment at The Investors Centre is unwavering. We strive to provide clear, actionable advice that empowers you to achieve financial success. Our vision is a future where anyone can invest confidently and wisely.”
Table of Contents
Disclaimer
How We Test
Quick Answer: Is MEXC Actually Safe?
What Is MEXC?
MEXC is a global cryptocurrency exchange founded in 2018, offering spot, futures, and margin trading. It supports hundreds of digital assets and serves users in multiple countries. However, its regulatory status varies, and it lacks FCA approval for operation in the UK.
How Does It Work?
How Does MEXC Make Money?
MEXC earns revenue through trading fees, funding rates on futures contracts, listing fees from crypto projects, and spreads. It may also profit from leveraged products. The platform does not publicly disclose all fee structures, so users should review terms carefully before trading.
How Safe Is MEXC for Users?
How Secure Is MEXC’s Platform and Infrastructure?
MEXC uses SSL encryption, multi-signature wallets, cold storage, DDoS protection, regular penetration testing via Hacken, and Proof of Reserves. These measures enhance overall safety and system reliability for users trading or storing digital assets on the platform.
Does MEXC Offer 2FA and Strong Account Protection?
Yes, MEXC supports two-factor authentication (2FA), withdrawal whitelists, and anti-phishing codes. These user-level protections help prevent unauthorized access. Enabling all available security features is highly recommended to reduce the risk of phishing, account takeover, and crypto theft.
Is MEXC Regulated or Transparent About Its Operations?
MEXC is not regulated by the UK FCA and appears on the FCA Warning List. Although it enforces KYC and AML rules and offers transparency via Proof of Reserves, UK users should exercise caution and consider FCA-authorized platforms.
Does MEXC Provide Insurance for User Funds?
MEXC maintains a $100 million Guardian Fund and a separate Insurance Fund (valued over $400M) to cover potential losses from security breaches or liquidity failures. However, this is not the same as regulated, third-party insurance under UK financial standards.
Has MEXC Ever Been Hacked?
Since 2023, MEXC has had only two minor security incidents, both swiftly contained with no user funds lost. Independent cybersecurity reports also rank MEXC among the top exchanges globally for low incident frequency, reflecting a strong safety record.
How Did MEXC Respond to These Threats?
MEXC’s incident responses have been rapid and transparent, leveraging robust internal controls. AI-powered risk systems block over 70,000 fraud attempts in Q2 2025, marking a 12% quarter-over-quarter decrease in syndicate attacks.
What Phishing and Scam Risks Should Users Watch For?
Users face frequent phishing threats via fake SMS, emails, websites, Telegram, and phone scammers impersonating MEXC. Protect yourself by avoiding unsolicited messages, verifying official contacts, enabling anti‑phishing codes, and never sharing passwords or OTPs.
Should You Keep Funds on MEXC?
While MEXC offers strong platform security and insurance reserves, it is not FCA-authorised in the UK. For UK users, storing significant funds on MEXC may carry regulatory and withdrawal risks. Consider using a regulated exchange or self-custody wallet for added protection.
How Does MEXC Wallet Compare to External Storage?
MEXC’s custodial wallet offers robust infrastructure and user protections, but for highest-security needs, storing assets in self‑custody — such as hardware wallets — often offers stronger control and reduced counterparty risk, especially for long-term holdings.
What Are Best Practices for Securing Your Assets?
Always enable 2FA, anti‑phishing codes, withdrawal whitelisting, and use strong passwords. Bookmark the official site, avoid phishing links, and consider external or hardware wallets for larger balances. Educating yourself and staying alert is the most effective defence.
Is MEXC Legal & Safe in Your Region?
MEXC is available in over 190 countries, offering services to most regions in Asia, Africa, Europe, and Latin America. However, availability may vary based on local crypto regulations. Always verify legal status before using MEXC in your specific jurisdiction.
Is MEXC Restricted in the US or UK?
Yes. MEXC is not authorized by the UK Financial Conduct Authority (FCA) and appears on its Warning List. In the US, MEXC does not openly serve residents due to regulatory complexity. Users in both countries should consider locally licensed alternatives.
Final Verdict: Should You Trust MEXC in 2025?
MEXC offers strong technical security, but it lacks FCA approval and faces regulatory scrutiny in the UK. It may suit experienced users in supported countries, but UK residents should consider FCA-regulated exchanges to ensure compliance and consumer protection.
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FAQs
Is MEXC banned in the UK?
MEXC is not officially banned in the UK but is on the FCA Warning List for operating without authorization. The FCA advises UK consumers to avoid unregulated platforms. Trading with MEXC in the UK may carry legal and financial risks.
Can I withdraw funds from MEXC to my UK bank?
MEXC does not support direct GBP withdrawals to UK banks. Users may need to convert crypto to a supported stablecoin, then transfer to a regulated exchange with UK banking support. This adds complexity and potential tax/reporting implications for UK residents
How do I secure my MEXC account?
Enable two-factor authentication (2FA), set an anti-phishing code, use a strong password, and activate withdrawal whitelists. Avoid clicking suspicious links or emails. Bookmark the official MEXC site, and never share your credentials or verification codes with anyone.
What’s the difference between MEXC Wallet and hardware wallets?
MEXC Wallet is custodial, meaning MEXC controls the private keys. Hardware wallets are non-custodial and offline, offering greater control and reduced hacking risk. For long-term or high-value holdings, hardware wallets are generally considered safer by security professionals.
