Since entering the market in 2018, MEXC has witnessed exponential growth, expanding its user base to 10 million as of March 2025. The Sychelles-based crypto exchange has also expanded its presence to 165 countries. However, due to regulatory issues, it’s not available in the US.
Have you been looking for a crypto exchange to trade currencies like Bitcoin and Ethereum? This article explains why MEXC could be your perfect choice. Read on to learn the platform’s features and how to sign up.
MEXC’s Trading Apps
MEXC offers a Web and mobile app to ensure users can trade on various devices. These trading apps have a user-friendly interface, allowing beginners and experienced traders to access the crypto markets conveniently.
Registration Process
Signing up with MEXC is a simple process. Here are the key steps to follow to register an account with the exchange:
1. Download the MEXC mobile application from a trusted source. We recommend the App Store or Play Store.
2. Upon downloading the app, tap ‘Register’ and type in the required details, including your phone number or email. Remember to create a unique and strong password before agreeing to MEXC’s terms of service.
3. After accessing your MEXC, it’s time to complete the Know Your Customer (KYC) process to remove certain limitations on your account.
KYC Requirements at MEXC
As a regulated crypto trading platform, MEXC adheres to stipulated KYC policies, thus making it mandatory for all new users to verify their identity.
There are two verification levels you should know about. They include:
1. Primary KYC – A New user must upload a photo of their driver’s license or government-issued ID to become verified.
2. Advanced KYC – In this level of KYC, users get verified after sharing their selfies. Anyone who completes advanced identity verification at MEXC can withdraw up to 200 Bitcoins daily.
Trading Experience
MEXC prioritizes diversification for its users. That explains why it has listed over 2,500 cryptocurrencies to allow customers to spread their investment/trading risks. Besides Bitcoin and Ethereum, you can access well-established altcoins like Solana, Dogecoin, Cardano, XRP, and many more.
It is worth mentioning that MEXC also supports a range of fiat currencies. As of March 2025, users can deposit fiat like the USD, British pound, Euro, and 17 others, using payment methods such as bank cards, Simplex, and Banxa. However, the exchange doesn’t process fiat withdrawals, meaning users must swap their fiat balances for cryptocurrencies to withdraw funds from their accounts.
Fees
Like most exchanges, MEXC collects fees to generate revenue. Here are some of the charges to expect on the platform:
1. Futures trading fees – MEXC imposes a taker fee of 0.02% and a maker fee of 0%.
2. Spot trading fees – Traders on the spot markets pay a taker fee of 0.05% and a maker fee of 0%.
3. Deposit and withdrawal fees – Depositing crypto assets into your MEXC account is free. However, you are likely to incur some costs when adding fiat currencies. Moreover, a withdrawal fee is charged depending on the cryptocurrency being transferred out.
Security
To ensure users have peace of mind over their funds, MEXC implements advanced security protocols to prevent cybercriminals from accessing deposited money. For example, it adopts two-factor authentication to allow users to enhance the security of their accounts. Additionally, user funds are kept in hardware wallets, thus limiting online attacks.
Customer Support
Ensuring that users’ complaints are solved promptly is one of MEXC’s priorities. That’s why it supports multiple communication channels for users to reach out to the customer support team. If you are having trouble, you can contact MEXC’s customer care through the live chat feature on the exchange or send an email.
Additional Features on MEXC
1. Copy-trading: Beginners traders can follow the strategies of experienced traders using the copy trading functionality.
2. Launchpad: This feature allows MEXC customers to invest in new crypto projects.
