The MEXC Exchange is a leading digital asset trading platform, with core members of the team coming from world-class enterprises and financial companies that have rich experience in blockchain and financial industries.
MEXC has built a one-stop digital asset trading platform that offers its user‘s spot, margin, leveraged ETF, and futures trading. The security department of MEXC is staffed with top-notch security experts, and the company works with other reputable companies to keep user assets safe. In this article, we will do a comprehensive MEXC Crypto exchange review.
What is MEXC Crypto Exchange?
MEXC was founded in 2009 and has gradually gained support from supporters all over the world. It is now available in several languages, including English, Russian, Korean, Portuguese, Turkish, Vietnamese, Hindi, Malay, India, Africa, and more.
In 2019, MEXC’s new platform showed rapid growth, accounting for 5% of the global digital asset market. The platform was named by professional blockchain media outlets as one of “The Most Popular Trading Platforms” and one of the “Best Trading Platforms.”
MEXC Crypto Exchange Review: Supported Cryptos
In addition to accepting 242 different coins, MEXC Global features 374 trading pairs. Based on its current funding level, Coingecko has currently ranked MEXC to the seventh position among the top 100 most funded cryptocurrencies exchanges with respect to other spot trading exchanges.
Most notably, MEXC Global is at the forefront of the Decentralised Finance (DeFi) wave, with support for regularly using DeFi coins.
- ChainLink ($LINK)
- Bitcoin Cash (BCH)
- Ethereum Classic (ETC)
- Synthetix Network Token ($SNX)
- Maker ($MKR)
- Aave ($LEND)
- Compound ($COMP)
- DAI ($DAI)
- 0x ($ZRX)
- Ampleforth ($AMPR)
- UMA ($UMA)
- Kyber Network ($KNC)
- Loopring Coin ($LRC)
- REN ($REN)
- Yearn Finance ($YFI)
- Bancor Network Token ($BNT)
- Thorchain ($RUNE)
- TrustSwap ($SWAP) (Read more: How to buy any coins from UniSwap)
- Keep ($KEEP)
- UMA ($UMA)
- DMM: Governance ($DMG)
- Balancer ($BAL)
- Orion Protocol ($ORN)
- bZx Protocol ($BZRX)
MEXC Crypto Exchange Review: Payment Method and Fees
MEXC Global Exchange accepts the following payment methods: bank transfers, AliPay, and credit cards such as Visa or Mastercard.
MEXCGlobal Exchange accepts the following currencies: VND, RMB, AUD, EURO, GBP, PESO(MXN), EURO, and USD. Furthermore, MEXC Global Exchange only accepts cryptocurrencies for purchase: BTC, USDT, ETH, XRP, EOS, LTC, BCH, and TRX.
At this Exchange, there are several exchange rates (taker fees and maker fees)—known as flat rates. Flat fees imply that the Exchange charges the same amount to both the takers and the manufacturers.
This Exchange charges a flat rate of 0.20% per transaction. This amount is a little less than the global industry average of 0.25%, so in terms of trading rates, MEXC Global has an edge over its competitors like ByBit, Kraken, and others.
How to Sign Up and Trade on MEXC?
Step 1: Enter MEXC official website and click [Sign up] on the upper right corner to enter the registration page.
Step 2: Input your mobile phone number or E-mail address and ensure the validity of your phone number or E-mail address.
Step 3: Input your login password.
Step 4: Read the User Agreement and click the box to agree.
Step 5: Now click on Sign Up. You can log in after “Registration succeeded” is displayed.
MEXC Crypto Exchange Review: Security
MEXC has a high-end cold storage wallet that manages about $500 million in cryptocurrency deposits. Security has never been an issue.
MEXC offers all the basic security steps for all users, including the option for two-factor authentication and e-mail/phone verification codes. MEXC will now be requiring all users to bind a cellphone number or Google authenticator as a security measure.
MEXC Crypto Exchange Review: Pros and Cons
- Multi-tier, multi-cluster system architecture
- High-performance matching engine technology
- Abundant resources and various partners providing liquidity
- Provides support for multiple languages
- A good amount of cryptocurrencies are supported
- Low fees
- Lacks some features such as staking
- Customer support could see some improvements
After reviewing the MEXC Exchange, we found it to be a reliable crypto exchange with a solid foundation, safe and secure features, and a few interesting features, such as crypto assets not found on other exchanges.
The MEXC team is working hard to grow the exchange with new improvements. The future looks very promising for MEXC; however, they can improve their customer support and add some features such as staking.