MEXC Exchange Review: Is It Safe, and What Are the Fees?

MEXC carries the second-largest coin list of the ten exchanges on this site, with 1,398 coins on 1,746 pairs, and trades about $977M a day (CoinGecko, 4 November 2026). CoinGecko puts its founding in 2018 and its registration in Seychelles. Like the others here, it is centralized: MEXC holds your deposits.

MEXC’s headline spot fee is 0% for makers and 0.05% for takers, and BTC/USDT and ETH/USDT show exactly that in its public API. Many other pairs do not. On 1 November 2026, of 1,754 spot pairs, 987 listed a 0.08% taker fee, 217 listed 0.05%, 211 listed 0.20%, 245 charged nothing on either side and 94 charged 0.01% both ways. MEXC says maker rates can change with promotions or by region, so check the pair you actually plan to trade.

MEXC’s base-tier futures fees are 0% maker and 0.02% taker on USDT-margined perpetual contracts (checked 31 October 2026), the lowest of the 10 exchanges in the ranking by taker fee. Higher VIP tiers pay less, funding is billed on top, and leveraged positions can be liquidated.

The cheapest USDT route at MEXC costs $0 on Plasma (checked 12 October 2026), one of three exchanges here with free USDT withdrawals on at least one network. Other coins and networks are priced separately.

MEXC has a CoinGecko Trust Score of 9/10 but no MiCA license (ESMA register checked 1 November 2026). SSL Labs grades the website A+ (2 November 2026), and Google Safe Browsing shows no warnings (4 November 2026). It publishes monthly proof-of-reserves reports audited by Hacken.

MEXC publishes a proof-of-reserves report every month, audited by Hacken. The October 2026 report, published on 16 October, showed reserves covering user balances at 294% for BTC, 122% for USDT, 115% for USDC and 111% for ETH (MEXC’s own press release).

Not at the moment: MEXC does not appear in ESMA’s MiCA register (checked 1 November 2026).

MEXC has two verification tiers: Primary KYC and Advanced KYC. Review usually takes up to 15 minutes, though some applications take 8 to 24 hours depending on complexity and volume. After Primary KYC, the 24-hour withdrawal limit is 80 BTC; after Advanced KYC, it’s 200 BTC. Primary KYC is required for P2P trading. Source: official MEXC article “MEXC KYC FAQ,” updated 2 June 2026, and MEXC’s P2P trading support article, updated 10 September 2025.

Yes. MEXC Demo Trading is a risk-free futures mode with no real funds involved. On the site, open it from the top menu: Futures → Demo Trading; in the app, open Futures and tap the “…” icon in the top right. Claim demo funds with the Claim Demo Crypto button next to the Available balance on the demo trading page. Source: official MEXC support article, updated 22 September 2026.

Yes. MEXC’s sign-up page offers new users up to $10,000 for completing tasks: sign up, pass KYC, make a deposit and trade (checked 16 October 2026). The promotion changes, so check the current terms on MEXC’s page before you sign up.

MEXC P2P carries no trading fee, though your bank or payment app may charge its own, according to MEXC’s help center (updated 10 September 2025). Payments must come from an account in your own name that matches your MEXC profile, and Primary KYC is required.

MEXC has no MiCA-licensed EU entity in ESMA’s register, so it does not serve European customers under MiCA.