MEXC review
MEXC is a centralized cryptocurrency exchange launched in April 2018, widely used for its very low headline fees and its speed at listing newly launched and low-capitalization tokens. Sources disagree on where it is actually based: MEXC has described itself as Seychelles-registered, but Seychelles' regulator says that entity was dissolved and never held authorization, while a separate MEXC Estonia OU holds an EU virtual-asset-service registration. Leadership is similarly unclear, with conflicting public claims about its founder and current CEO. The exchange lists roughly 1,700-2,100 assets and trading pairs by independent trackers, though its own marketing claims over 3,000. It is blocked for US, UK, Canadian, Singaporean, Hong Kong and mainland Chinese users, and Australia's securities regulator has publicly flagged it as operating without an Australian license.
MEXC key facts
- Website: www.mexc.com
- Category: Centralized cryptocurrency exchange (CEX)
- Founded: April 2018
- Headquarters: Disputed; Seychelles FSA says the local entity was dissolved and unauthorised; MEXC Estonia OU holds an EU VASP registration
- Leadership: Publicly disputed; conflicting reports on founder and current CEO
- Regulatory footprint: MEXC Estonia OU VASP registration; ASIC (Australia) has warned MEXC operates unlicensed there; Seychelles FSA disclaims authorisation
- Trading fees: Spot: 0% maker / 0.05% taker; futures: 0% maker / 0.02% taker at standard tier
- Supported assets: Roughly 1,700 coins / 2,100+ pairs per CoinGecko; MEXC markets 3,000+
- Notable restriction: Blocked for US, UK, Canada, Singapore, Hong Kong and mainland China
- FYI Score: 86.8/100 (ranked #9 of the 48 crypto exchanges we track)
Trading fees
- Spot trading: 0% maker fee and 0.05% taker fee at the standard tier, among the lowest headline rates of major exchanges
- Futures: 0% maker and 0.02% taker at the standard tier
- Holding the MX token gives a 20% fee discount, rising to 50% above 500 MX held
- Since March 2026, API-placed futures orders are charged separately at 0.01% maker / 0.05% taker
Supported assets and products
- Independent trackers (CoinGecko) show around 1,700 coins and 2,100+ trading pairs; MEXC's own marketing claims 3,000+ listed tokens, a gap worth noting when citing coin counts
- Futures trading with leverage up to 200x on major pairs, spanning USDT-margined and coin-margined contracts
- MEXC Earn flexible and fixed savings, with some promotional APRs advertised as high as 600% on select assets, a marketing rate not representative of typical yields
- Launchpad token sales, P2P marketplace, margin trading, and a DEX+ self-custody wallet interface
Security and regulation
- No major hack or loss of customer funds publicly reported since its 2018 launch, per the exchange and third-party reviewers
- Monthly Proof of Reserves audited by Hacken, plus a $100 million Guardian Fund and a separate futures insurance fund
- Corporate and regulatory status is unusually unclear: Seychelles' FSA has stated the locally registered entity was dissolved and never held authorisation, while MEXC Estonia OU holds a narrower EU virtual-asset registration
- Australia's ASIC has issued a consumer warning that MEXC Global operates there without an Australian Financial Services license; MEXC is also blocked for US, UK, Canadian, Singaporean and mainland Chinese users
Fiat and payments
- Fiat on-ramps via third-party providers including MoonPay, Banxa and Finetix, plus P2P escrow trading
- Local currency pairs offered for EUR, MXN, COP, ARS and TRY, among others
- Zero-fee Convert tool for instant crypto-to-crypto swaps
Markets
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Who MEXC is for
Suits traders chasing very low fees and early access to newly listed tokens who are comfortable holding funds on a platform with an unusually unclear regulatory and corporate structure. It is not usable by US, UK or Canadian residents, and the leverage on offer (up to 200x) raises material risk for less experienced traders.
Pros
- Very low headline fees: 0% maker on both spot and futures, with a low taker rate that undercuts most large competitors
- Fast, high-volume token listings make it a useful signal for tracking new and low-cap launch activity
- No major publicly reported hack since 2018, with monthly Hacken-audited Proof of Reserves and a dedicated insurance fund
- Broad platform coverage: web, iOS/Android apps, API access, and a self-custody DEX+ wallet
Cons
- Genuinely unclear corporate footprint: Seychelles' regulator says the locally registered MEXC entity was dissolved and never held authorisation, and public sources conflict on its founder and current CEO
- Australia's ASIC has publicly warned that MEXC operates there without a required license
- Blocked entirely for US, UK, Canadian, Singaporean, Hong Kong and mainland Chinese users
- Low Trustpilot rating (around 1.6/5 from roughly a thousand reviews), with recurring complaints about withdrawal delays and account holds
- Futures leverage up to 200x is a material risk factor, especially combined with thin regulatory oversight
MEXC FAQ
Is MEXC regulated?
Only partially, and its regulatory picture is unusually murky. A separate MEXC Estonia OU holds an EU virtual-asset-service registration, but Seychelles' Financial Services Authority has stated that a locally registered MEXC entity was dissolved and never held authorisation, and Australia's ASIC has warned that MEXC Global operates there without a required license.
What are MEXC's fees?
Spot trading charges 0% for maker orders and 0.05% for taker orders at the standard tier; futures charge 0% maker and 0.02% taker. Holding the MX token cuts fees by 20%, or 50% for holdings above 500 MX.
Where is MEXC actually based?
This is genuinely disputed. MEXC has described itself as Seychelles-registered, but Seychelles' regulator says that entity was dissolved and never held authorisation. A separate MEXC Estonia OU holds a narrower EU registration, and no single confirmed global headquarters is publicly documented.
Can US or UK residents use MEXC?
No. MEXC blocks access for US, UK, Canadian, Singaporean, Hong Kong and mainland Chinese users, among other restricted jurisdictions.
Compare MEXC with other crypto exchanges
See all crypto exchanges ranked by FYI →
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