MEXC is a global cryptocurrency exchange where people can buy, sell, and trade digital currencies like Bitcoin and Ethereum. It was founded in 2018 and is registered in Seychelles, serving users in over 170 countries and regions with a large selection of assets and services. 

MEXC supports low-fee trading for over 3,000 digital assets, including Bitcoin (BTC) and Ethereum (ETH) and offers both simple trading for beginners and more advanced tools like futures and copy trading for experienced users (which allows users to automatically copy the trades of more experienced traders). 

The exchange is known for listing a large number of new and smaller cryptocurrencies, offering 0% maker fees on many spot trades, and serving millions of users around the world. Maker fees are fees paid by traders who add liquidity to an exchange. In simple terms, if you place an order that does not execute immediately, you are acting as a “maker.”

MEXC: Key Points

• Founded in 2018 and registered in Seychelles as a global crypto exchange.
• Supports 3,000+ cryptocurrencies and trading pairs.
• Offers spot trading, futures trading, staking, and copy trading features.
• Competitive fee structure with very low maker and taker fees on many pairs.
• MEXC is known for quickly listing new coins and emerging tokens.
• Available on both web and mobile platforms.
• Not regulated by major authorities like the UK’s FCA; users should understand local rules.

History of MEXC

MEXC began in 2018 as a cryptocurrency trading platform and has grown rapidly, attracting a large user base worldwide. It expanded its offerings over time to include various markets such as futures markets, spot trading, and earning products. 

The exchange is known for listing a wide range of tokens, including many newer or less-established assets that might not appear on bigger exchanges. MEXC has also developed tools like copy trading and Launchpad events, which give users early access to newly launched crypto projects before they are widely available on the open market. 

In 2025, MEXC became the centre of a high-profile controversy after a well-known trader known as “The White Whale” claimed that the exchange froze millions of dollars in his account without clear explanation. This sparked a flood of social media posts questioning the exchange’s transparency and liquidity, leading some users to withdraw funds quickly amid rumours that MEXC might be financially unstable.

MEXC responded publicly, apologizing, releasing the frozen funds, and reaffirming that all user assets were backed with reserves above 100%, and denying claims that the exchange was insolvent. The company also committed to improving its risk and customer support systems to rebuild trust.

Although speculation about bankruptcy circulated online, there has been no verified evidence that MEXC is actually bankrupt or insolvent. The platform continues to operate and maintain normal trading functions.

MEXC: Functions and Services

MEXC offers several tools for buying, selling, and trading cryptocurrencies. Some are simple enough for beginners, while others are designed for more advanced users. Here’s a clearer look at what each feature actually means, with examples.

• Buy, sell, and convert crypto: This is the most basic feature. For example, if you want to buy Bitcoin using USDT (a stablecoin), you simply choose the amount and place an order. If Bitcoin is trading at $60,000 and you place a market order, it will buy instantly at the current price. You can also convert one crypto into another, such as swapping Ethereum for Solana.

• Spot trading: Spot trading means you are directly buying and owning the coin. For example, if you buy 1 ETH on spot, you actually hold that 1 ETH in your account. If the price rises, you can sell it later for a profit. If it drops, the value of your holding decreases.

• Futures trading (with leverage): Futures trading allows you to bet on whether a coin’s price will go up or down without actually owning it. For example, if Bitcoin is trading at $60,000 and you think the price will go up, you can open a “long” position, which simply means you are betting the price will rise. So if you have $100 and use 10x leverage, you are trading as if you have $1,000. Leverage means borrowing extra money from the exchange to make a bigger trade than the money you actually have. If Bitcoin’s price goes up, your profit is bigger than it would be with just $100. But if the price falls, your losses are also bigger. With leverage, prices don’t have to move much for you to lose your money quickly.

• Copy trading: Copy trading lets you automatically follow another trader’s strategy. For example, if you choose a trader who mainly trades Ethereum futures, whenever they open or close a position, your account will do the same in proportion to the amount you allocated. If they profit, you profit. If they lose, you lose. It does not guarantee success, you are still exposed to market risk.

• Launchpad events: Launchpad events give users early access to new crypto projects before they are widely traded. For example, if a new token is launching at $0.10 during a Launchpad event, eligible users may be able to buy it at that price before it lists publicly. If the token later lists at $0.20, early participants could benefit. However, new projects are risky, and prices can also fall after launch.

• Staking and earning products: Staking allows you to lock up certain cryptocurrencies to earn rewards. For example, if you stake 100 Cardano (ADA), you may receive periodic rewards based on network conditions. Some products are flexible (you can withdraw anytime), while others require locking your funds for a fixed period. Rewards are not guaranteed and can change.

• Demo trading tools: MEXC also offers demo trading for futures in some regions. This allows users to practise trading with virtual money before using real funds, which can help beginners understand how leverage works without risking actual losses.

Overall, MEXC provides both simple buy-and-hold options and higher-risk trading tools. Beginners typically start with spot trading, while futures and leverage products are better suited for experienced traders who understand the risks.

Is MEXC Safe to Use in 2026?

MEXC has never publicly reported a major hack affecting user funds, which is a positive signal compared with some other exchanges. It also enforces security measures like two-factor authentication (2FA), strong password rules, anti-phishing protections (tools that help protect you from fake emails or fake websites pretending to be the real platform), and regular penetration testing to help protect user accounts.

2FA is an extra security step when you log in. After entering your password, you also enter a special code sent to your phone or an app. It makes your account harder to hack.

However, MEXC is not regulated by major financial bodies such as the UK’s Financial Conduct Authority (FCA) and appears on the FCA’s warning list for operating without local authorization. This means users in the UK and other countries may not have the same legal protections that they would with a fully regulated exchange.

The exchange does follow global standards like Know Your Customer (KYC) and anti-money-laundering (AML) rules, and it operates in compliance with regional requirements where possible.

In simple terms, MEXC has a solid technical record and many people worldwide use it, but because it isn’t regulated in some major markets, users should be aware that protections from local authorities may be limited. 

MEXC FAQs

Is MEXC available in the United States?
No. MEXC restricts registration for users from the United States and Canada due to local regulatory requirements.

Does MEXC have a mobile app?
Yes. MEXC offers mobile applications for Android and iOS, making it possible to trade and manage an account on the go.

What are the fees on MEXC?
MEXC is known for competitive trading fees and often has zero maker fees on spot trades, while taker fees are very low compared with many exchanges.

Does MEXC require KYC?
Yes. Users must complete KYC identity verification to access full features and higher withdrawal limits.