By Frank Martin (MoneyAmped.com)
With over ten million customers across 170 countries, MEXC is undoubtedly one of the largest crypto exchanges globally. The Seychelles-headquartered trading platform, which entered the market in 2018, is ranked 11th based on trading volume.
While MEXC operates in multiple countries, it does not accept users from the United States due to regulatory reasons. Users in eligible nations get access to nearly 2,700 cryptocurrencies.
Do you wish to trade digital assets on MEXC? If so, read our guide to learn about the exchange’s features.
User Experience on MEXC
To ensure users trade crypto on any device, MEXC comes as a mobile app and a web app. Furthermore, it offers API access for those who want to integrate the exchange with trading bots and custom apps.
But is MEXC beginner-friendly? Yes! It has a user-friendly interface that allows both novice and experienced traders to navigate and access the available services and features.
Registration Process
Getting started with MEXC is simple. Here are the steps to follow:
1. After downloading the exchange’s mobile app from Google Play Store or Apple’s App Store, press ‘Register’ and pick your preferred registration method.
2. Next, provide the required information, including your name and email/phone number. Also, you must create a unique password to restrict access to your exchange account.
3. Once you have given the needed information, verify your identity by completing the Know Your Customer (KYC) process.
KYC Requirements
Like any other regulated crypto exchange, MEXC adheres to KYC policies to prevent criminals from making illegal transactions. Therefore, all new users are required to verify their identities.
At MEXC, two levels of identity verification exist, including:
1. Primary KYC: Here, MEXC requires you to upload a photo of your government-issued driver’s license or ID. Upon verification, your withdrawal limit will be increased to 80 BTC.
2. Advanced KYC: To complete this level of KYC, you must upload your selfie. After that, the withdrawal limit on your account will be adjusted to 200 BTC.
Trading Experience
As mentioned earlier, MEXC lists over 2,700 digital currencies, offering room for diversification. Besides Bitcoin, some of the other popular crypto assets listed on this exchange include Ethereum, Solana, Dogecoin, and many more.
Alongside cryptocurrencies, MEXC supports fiat currencies. As of March 2025, users can deposit at least 15 fiat currencies, such as the British pound, USD, and Euro, using payment methods like bank cards and bank transfers.
However, it is important to mention that MEXC users cannot withdraw fiat currencies. Instead, they must convert them to crypto assets first.
Fees
Crypto trading on MEXC attracts some charges, including:
1. Spot trading fees: The exchange charges taker and maker fees of 0.05% and 0%, respectively.
2. Futures trading fees: At MEXC, the maker fee on futures markets is 0%, while the taker fee is 0.02%.
3. Deposit and withdrawal fees: While depositing funds into a MEXC account is free, users incur fees when making withdrawals.
It is worth highlighting that MEXC customers holding the exchange’s native token (MX) are eligible for a discount on trading fees.
Security
To protect customer funds, MEXC implements advanced security measures, such as storing user assets in cold wallets. Furthermore, the exchange allows users to adopt two-factor authentication, making it difficult for unauthorized parties to access accounts.
Another key security feature is the withdrawal whitelist, which limits fund withdrawals to wallet addresses pre-approved by users, thus blocking unauthorized transactions.
Customer Support
If you encounter difficulties as a MEXC user, do not hesitate to seek help using the following support channels:
1. Live chat: On the MEXC’s web or mobile app, click the ‘Online Customer Service’ button to talk to a customer service representative in real time.
2. Email: If your issue isn’t urgent, consider contacting MEXC’s customer support team via its official email address.
3. Social media platforms: MEXC is active 24/7 on social media apps like X, Telegram, Instagram, and Facebook to engage with its community.
