MEXC Crypto Exchange Review 2025: Fees, Altcoins, and Leverage Explained
Nov, 28 2025
MEXC Leverage Calculator
When you're looking for a crypto exchange that doesn’t hold back on altcoins or leverage, MEXC stands out - but only if you’re not in the U.S. or Canada. Launched in 2018, MEXC has grown into one of the top 15 crypto exchanges globally by trading volume, handling over $29 billion in 24-hour volume and supporting more than 3,000 spot and futures trading pairs. That’s more than most exchanges offer, including Binance and Coinbase. But here’s the catch: it’s not for everyone. If you need easy fiat deposits, strict regulatory oversight, or customer service that answers in under 48 hours, you’ll run into roadblocks. For traders chasing new tokens, low fees, and 500x leverage? It’s one of the best options left.
Why MEXC Has So Many Coins
MEXC lists over 1,600 cryptocurrencies and 2,000+ trading pairs - some reports say over 3,000 when you include futures. That’s not a typo. While Binance might have 1,000+ coins and Coinbase barely 200, MEXC’s entire strategy is built around being the first to list emerging tokens. You’ll find obscure DeFi projects, niche NFT tokens, and Polkadot parachain coins here that aren’t even on KuCoin yet. It’s why Reddit users in r/CryptoCurrency regularly recommend MEXC as the go-to for obscure altcoins. If you’re hunting for the next small-cap gem before it blows up, MEXC’s Launchpad and early listing model gives you a real edge.Fees That Are Almost Zero
The fee structure is where MEXC really shines. Maker fees? Zero. That means if you place a limit order that doesn’t immediately fill, you pay nothing. Taker fees start at 0.1%, which is competitive but not the lowest. Compare that to Coinbase’s 0.4% maker fee or Kraken’s 0.16% - MEXC wipes the floor with them. And it’s not just spot trading. Futures trading also has zero maker fees across 1,200+ pairs. That’s huge for active traders who use limit orders to scalp or hedge. The platform even rewards liquidity providers with 51% of its native MX token supply through trading mining and rebates. If you trade regularly, you’re not just saving on fees - you’re earning tokens just for using the platform.500x Leverage - Use It Wisely
Most exchanges cap leverage at 100x or 125x. MEXC goes to 500x on select futures pairs. That’s not a marketing gimmick - it’s real. You can control a $50,000 position with just $100. Sounds powerful, right? It is - until you realize how fast you can lose everything. High leverage isn’t for beginners. One wrong move, a sudden pump, or a 0.2% price swing against you, and your position gets liquidated. But for experienced traders who know how to manage risk, set stop-losses, and use position sizing, 500x leverage turns small moves into big profits. It’s why MEXC is popular among futures-focused traders in Asia and Latin America. Just remember: the higher the leverage, the more you need to understand liquidation prices and funding rates.Security and Proof of Reserves
MEXC doesn’t have the brand recognition of Binance, but its security record is clean. There have been zero major hacks since its founding. In 2024, it publicly released its proof-of-reserves audit, showing it holds enough assets to cover all user balances. That’s a big deal - many exchanges still don’t do this. Funds are stored in cold wallets, and two-factor authentication is mandatory. The CoinMarketCap Trust Score is 6.1, which is medium, but that’s mostly because of limited fiat support and regional restrictions, not security flaws. If you’re worried about safety, MEXC is as reliable as most mid-tier exchanges. The real risk isn’t hacking - it’s losing money on bad trades.
Non-KYC Trading and Withdrawal Limits
One of MEXC’s biggest advantages is how little it asks for. You can trade and withdraw crypto without verifying your identity. Non-KYC users can withdraw up to 30 BTC per day - that’s more than most exchanges allow even for verified accounts. This is huge for privacy-focused traders or people in countries with strict capital controls. You don’t need to upload ID documents, selfies, or bank statements. Just sign up with an email, set up 2FA, and start trading. Of course, if you want to use fiat on-ramps or higher withdrawal limits, you’ll need to verify. But for pure crypto-to-crypto trading, MEXC is one of the most hands-off exchanges out there.What’s Missing: Fiat and Support
MEXC isn’t built for beginners who want to buy Bitcoin with a credit card. It has limited fiat support - only a handful of payment methods like bank transfers and P2P in select countries. You can’t deposit USD, CAD, EUR, or GBP directly through a simple interface. You’ll need to buy crypto on another exchange first, then send it over. That’s a dealbreaker for new users. Customer support is another weak spot. While the platform offers multilingual help in over 15 languages, response times are slow. Trustpilot reviews show a 3.7/5 rating, with complaints about delayed replies and unresolved issues. Reddit users report long waits for fiat withdrawal support. If you’re in a hurry, don’t expect quick help.Who Should Use MEXC - And Who Should Avoid It
MEXC is perfect for:- Traders who want early access to new altcoins
- Experienced futures traders using high leverage (200x-500x)
- Users who prefer non-KYC trading
- People in Asia, Latin America, or other regions not restricted by MEXC’s policies
- Active traders who care about zero maker fees
- You’re in the U.S. or Canada - it’s blocked
- You need easy fiat deposits or withdrawals
- You’re new to crypto and don’t understand leverage or liquidation risk
- You expect fast, friendly customer service
- You want a simple, clean interface without 3,000+ trading pairs overwhelming you
Mobile App and Tools
MEXC’s mobile app is solid - fast, responsive, and packed with features. You can trade spot, futures, and use copy trading. The interface isn’t as polished as Binance’s, but it works. For advanced users, the API supports algorithmic trading, and the platform includes integrated tools like DEX+ and MEXC Alpha, which let you track on-chain data and alpha signals directly from the dashboard. These aren’t gimmicks - they’re tools used by serious traders to spot trends before they go mainstream. The educational content is decent too, with guides on futures trading, risk management, and how to use leverage safely. But if you’re a total beginner, you’ll need to do extra research outside the platform.The Bottom Line
MEXC isn’t the safest, easiest, or most regulated exchange. But if you’re looking for the widest selection of altcoins, the lowest maker fees, and the highest leverage available, it’s hard to beat. It’s built for traders who know what they’re doing and want maximum flexibility. It’s not for casual investors or people who want to buy crypto with a debit card. The lack of U.S. support and slow customer service are real downsides. But for the right user - someone who trades altcoins, uses futures, and values privacy - MEXC is one of the most powerful tools in the crypto space today.Is MEXC legal in the United States?
No, MEXC is not available to users in the United States, Canada, or several other restricted regions. The exchange blocks access from these areas due to regulatory compliance requirements. If you’re in the U.S., you’ll see an access error when trying to sign up or log in. You cannot bypass this restriction using a VPN - accounts created from blocked regions may be frozen or closed.
Can I trade on MEXC without KYC?
Yes, you can trade and withdraw crypto on MEXC without completing KYC verification. Non-KYC users can withdraw up to 30 BTC per day. This makes it one of the few major exchanges that still allows anonymous crypto-to-crypto trading at high limits. However, if you want to use fiat on-ramps or increase withdrawal limits beyond 30 BTC, you’ll need to verify your identity.
What’s the maximum leverage on MEXC?
MEXC offers up to 500x leverage on select futures trading pairs. This is among the highest in the industry - far exceeding Binance’s 125x and Bybit’s 100x. However, higher leverage increases liquidation risk significantly. Most experienced traders use 50x-100x for better risk control. Always check the specific leverage available for each trading pair before placing an order.
Are MEXC fees really zero for maker orders?
Yes, MEXC charges zero maker fees on both spot and futures trading. This means if you place a limit order that adds liquidity to the order book, you pay nothing. Taker fees start at 0.1%, which is competitive but not the lowest. This fee structure gives MEXC a major edge over exchanges like Coinbase and Kraken, which charge maker fees of 0.4% and 0.16% respectively.
Does MEXC have a mobile app?
Yes, MEXC has official mobile apps for both iOS and Android. The app supports spot trading, futures trading, copy trading, and access to on-chain tools like DEX+ and MEXC Alpha. It’s fast, reliable, and has the same features as the web platform. Many users prefer trading on mobile because of the real-time alerts and quick order placement.
How does MEXC compare to Binance?
MEXC offers more altcoins and higher leverage (500x vs. Binance’s 125x), and it has zero maker fees - while Binance charges 0.02%-0.1%. But Binance has better fiat support, stronger customer service, and is available in more countries. MEXC wins for altcoin traders and futures specialists; Binance wins for beginners and those needing fiat access. If you’re trading obscure tokens or using heavy leverage, MEXC is better. If you want a one-stop shop with global support, Binance is safer.