MEXC
MEXC
MEXC is a Tier 1 exchange known for its 0% spot maker fee, unique in the sector, more than 3,000 assets and very fast listings. The risks, however, are pronounced: a 1.5/5 Trustpilot score, reports of blocked withdrawals and a weak regulatory framework, with headquarters in the Seychelles.
Worth it if you trade spot at high frequency and want 0% maker fees across 3,000 assets.
Avoid it if you want withdrawals without surprises, or to trade from Italy: MEXC is unavailable to Italian residents, scores 1.5/5 on Trustpilot and has reported frozen withdrawals.
Data & conditions
| Maker / Taker fee | 0% / 0.05% |
|---|---|
| Markets | Spot + Derivatives |
| Max leverage | 200× |
| Supported assets | 2500+ |
| Trading pairs | 2700+ |
| 24h volume | $1.19B |
| Fiat on-ramp | Yes |
| Deposit methods | SEPA / SEPA Instant, Bonifico bancario, Carta di credito/debito (Visa, Mastercard), Apple Pay, Google Pay, P2P, Pix, Deposito crypto |
| Geo restrictions | US, GB, CA, CN, SG, HK, IR, CU, KP, SD |
| Staking / Earn | MEXC Earn (staking, savings, Launchpool) |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | APAC, LATAM, MENA, AFRICA · 200+ countries |
| Regulator | FinCEN, AUSTRAC, Lithuania VASP |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | VASP misto |
Strengths
- 0% maker fee spot — unique in the settore; 3.000+ asset; listing velocissimo.
- No notable sovereignty advantage documented.
Weaknesses
- Trustpilot 1,5/5; withdrawals locked reported; sede Seychelles.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Geographic restrictions (US, GB, CA, CN, SG, HK, IR, CU, KP, SD).
Verdict
The low score outweighs the commercial appeal: 0% spot maker fees, 3,000+ assets and ultra-fast listings are enticing, but a 1.5/5 Trustpilot, reported blocked withdrawals, a weak regulatory framework and a Seychelles base are direct red flags on the safety of user funds. The cost saving does not offset the risk of execution on the way out.
Custodial with full KYC and a privacy score of 3: funds sit with the exchange, and the reported blocked withdrawals are precisely the custodial model's nightmare, when access to your own assets depends on a third party's will. The permissive listing does not translate into real sovereignty, because control of the keys is missing.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
What are MEXC's fees?
On MEXC, spot fees are maker 0% / taker 0.05%. They drop with monthly volume and VIP tier.
Is MEXC regulated in Europe?
MEXC is not currently MiCA-authorised. Licence: VASP mixed.
Does MEXC publish Proof of Reserves?
Proof of Reserves publication is not documented for MEXC. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.
Can I send transfers to third-party IBANs from MEXC?
No, MEXC is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.
Does MEXC support derivatives and futures?
MEXC offers derivatives trading, with up to 200x leverage.
Sources
- Official service page Maker/taker fees · Regulatory framework · Derivatives · Bug bounty · +5 Data verified on Jun 15, 2026
- crunchbase.com Stock ticker · Stock listing · IPO date · Valuation · +1 Data verified on Jun 15, 2026
- fsaseychelles.sc Past incidents · Company type Data verified on Jun 15, 2026
- organismo-am.it OAM Italy registry Data verified on Jun 15, 2026
Show 4 more sources
- captainaltcoin.com Third-party audit · Trading pairs · 24h volume · Volume data · +2 Data verified on Jun 13, 2026
- coinspot.io Certifications Data verified on Jun 13, 2026
- coinwire.com Founders Data verified on Jun 13, 2026
- ventureburn.com Trustpilot reviews Data verified on Jun 13, 2026
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