✓ 0% spot maker fee and 0.04-0.05% taker on most pairs
✓ Very large token list and early listings
✓ Low futures fees, some contracts at 0%
✓ 20% fee discount when paying with MX
Cons
✗ Warned or blocked by regulators in Hong Kong, Japan, Germany and South Korea
✗ 2025 account-freeze controversy
✗ Leverage up to 500x and many risky tokens
✗ Closed to US, Canadian and UK residents
Update, November 10, 2026: On November 6 the U.S. Treasury’s FinCEN issued an order that effectively cuts MEXC Global off from the U.S. financial system, alleging at least $16 billion in illicit flows between May 2021 and May 2026. MEXC says deposits and withdrawals continue normally and that it has started an independent review of its AML and sanctions controls. The order was published in the Federal Register on November 10 and takes effect December 10, 2026. We are not presenting MEXC as a recommended exchange while this is unresolved. Read our Federal Register follow-up and first analysis. General information, not financial advice.
Reviewed by the ToolReviewHub Editorial Team · Fees and platform details checked on MEXC’s official site on November 1, 2026; regulatory events from CoinDesk and The Block
Hands-on: The ToolReviewHub team has used MEXC ourselves. Fees, limits and availability below come from MEXC’s official pages on the date shown, so confirm them before you deposit.
Disclosure: the MEXC links on this page are affiliate (referral) links. If you sign up through them we may earn a commission at no extra cost to you. It does not change our review; see our affiliate disclosure.
Risk warning: MEXC lists thousands of tokens, many of them new, illiquid or speculative, and offers very high leverage. You can lose all of your money quickly. MEXC has been warned or blocked by regulators in several countries (see below). This review is general information, not financial advice. Check that using MEXC is legal where you live, and only use money you can afford to lose.
Fees: Spot 0% maker and 0%-0.05% taker (0.04% with the 20% MX discount); futures 0%-0.04% maker and 0%-0.10% taker
Category: Cryptocurrency exchange
Known for: zero maker fees, a very large token list, high-leverage futures
Regulation: warnings or blocks in Hong Kong, Japan, Germany and South Korea; not available in the US, Canada and other jurisdictions
Quick verdict: MEXC is attractive for its zero maker fees on spot, very low taker fees and an enormous list of tokens, including new listings you will not find on bigger exchanges. The trade-offs are serious: regulators in several countries have warned about or blocked the exchange, it is closed to US, Canadian and UK residents, it offers futures leverage as high as 500x on major coins, and a 2025 account-freezing controversy raised questions about its risk controls. It suits experienced traders who understand those risks. Check MEXC and whether it is available in your country first.
What Is MEXC?
MEXC is a centralised cryptocurrency exchange offering spot trading, futures, earn products, a launchpad-style event center and a strong focus on early-stage tokens. Its homepage says “Your 0-Fee Gateway”, shows 2,629 trending tokens, promotes airdrop rewards with APRs above 1,000% and a “No. 1 market liquidity” claim, and advertises a sign-up bonus of up to 10,000 USDT. These are MEXC’s own marketing claims as shown on November 1, 2026, and promotional rewards come with conditions. In April 2026 CoinDesk reported that MEXC had a new CEO who described compliance readiness as one of the exchange’s key gaps and said it had started talks with regulators.
MEXC homepage (cropped screenshot, November 1, 2026). The token count, APR and bonus figures are MEXC’s own marketing claims.
MEXC Fees 2026
MEXC’s official fee overview shows a 0.0000% spot maker fee and a spot taker fee between 0.0000% and 0.0500%. Futures fees range from 0.000% to 0.040% for makers and 0.000% to 0.100% for takers.
MEXC fee overview (cropped screenshot of the official fee page, November 1, 2026).
Product
Maker
Taker
Spot (most pairs, e.g. BTC/USDT)
0.0000%
0.0500% (0.0400% with 20% MX discount)
Spot “0 Fees” pairs
0%
0%
Spot “Special Rate” pairs
varies
can be higher (for example 0.064% on some pairs)
Futures
0.000%-0.040%
0.000%-0.100% depending on the contract
Pair-specific rates. Fees depend on the trading pair and quote currency: some pairs carry a “0 Fees” tag, some a “Special Rate”, and the 0% maker fee is not the same as free trading.
MX token discount. Paying with MX (MEXC’s token) gives a 20% discount on taker fees on tagged pairs.
API orders. According to MEXC’s own guide, API orders follow a separate, higher fee schedule (0.06% maker and 0.08% taker on pairs outside the Innovation Zone since June 1, 2026), so bots and API traders should check it.
Withdrawal fees are charged per network, so compare them before you move funds.
For comparison, Bybit and BingX charge a 0.10% base spot fee, while MEXC’s spot maker fee is 0%. See also KuCoin and Coinbase.
Key Features
Huge token list. Over a thousand tokens across spot and futures, often listed very early. This is both the appeal and the biggest risk: many new tokens are illiquid or fail.
Low spot fees. 0% maker and low taker fees on most pairs.
Futures with very high leverage. The homepage lists leverage up to 500x on BTC and ETH perpetuals and 1000x on gold (XAU) futures. High leverage can wipe out an account in moments.
TradFi and stocks. Stocks, pre-IPO and TradFi markets appear in the trending section for supported users.
Earn and events. Earn products, an Event Center, rewards and airdrops. Promotional APRs are variable and often limited.
MX token and VIP. Fee discounts for MX holders and a VIP program with M-Score rewards.
Is MEXC Safe? Regulation and Risk
Regulatory warnings. Hong Kong’s SFC warned in March 2024 that MEXC was operating without a licence. Japan’s FSA flagged MEXC as operating unregistered and later asked Apple and Google to block unregistered exchanges, including MEXC. Germany’s BaFin warned consumers about MEXC. In October 2026 CoinDesk reported that South Korea was blocking the websites of 27 unregistered exchanges including MEXC, KuCoin and BitMart.
Account freezes. In 2025 a trader publicly alleged that about $3 million had been frozen under opaque risk-control rules. MEXC responded by announcing tighter risk controls and said users may be asked to complete advanced identity verification before withdrawals. This shows that large accounts may face withdrawal restrictions.
Hacks. We did not find a major reported hack of MEXC in our research, but that is not a guarantee of safety, and exchanges hold your assets in custody.
Tokens. Early-listed tokens can fall to zero, and some are scams. Check the contract, liquidity and team before buying anything.
Where MEXC Is Not Available
According to MEXC’s own guide to its user agreement, the restricted jurisdictions include the United States, Canada, the United Kingdom, Singapore, Hong Kong, mainland China, Malaysia, Kazakhstan, North Korea, Cuba, Iran, Sudan and Russian-controlled regions of Ukraine, plus countries under comprehensive sanctions. Older versions of the agreement listed different countries, so read the current User Agreement. MEXC accepts identity verification only from users in countries it does not restrict, and using a VPN to get around restrictions can lead to frozen funds.
MEXC Deposit and Withdrawal Fees
MEXC says crypto deposits are free and that on-chain withdrawals carry a fixed network fee per coin and chain. MEXC’s own learn articles (the latest dated October 2026) show USDT on BNB Smart Chain (BEP20) at about 0.01 USDT and on Tron (TRC20) at about 0.5 to 1 USDT, with minimum withdrawals of a few USDT. The articles do not agree exactly, so use the fee shown on the withdrawal page for the network you choose.
Cheapest route: BEP20 is usually the cheapest for USDT; TRC20 is the common alternative.
Withdrawal checks: large or unusual withdrawals can trigger extra identity checks, as the 2025 account-freeze controversy showed. Test with a small withdrawal first.
Who Is MEXC For?
Experienced spot traders who want 0% maker fees and low taker fees.
Token hunters who want access to new listings and accept the risk of losing money on them.
Active futures traders who understand leverage and liquidation.
Who Should Skip MEXC?
Residents of the US, Canada, the UK, Singapore, Hong Kong and other restricted countries.
Beginners, or anyone who wants a fully licensed exchange in their own country.
People who might use high leverage or buy obscure tokens without research.
How to Sign Up, Verify and Withdraw on MEXC
Use the official site or app only. Type the address yourself or download the app from the official store. Fake sites and impersonators target exchange users.
Register with your email or phone number and a strong, unique password.
Verify your identity if MEXC asks for it. Requirements and limits depend on your country and what you want to do.
Secure the account: turn on two-factor authentication (an authenticator app is safer than SMS), set an anti-phishing code and, where available, a withdrawal address whitelist.
Deposit crypto by copying the deposit address for the exact coin and network, and send a small test amount first. Fiat deposits depend on your country and payment method.
Start simple. Begin with spot trading before you use leverage, and set a limit on what you are willing to lose.
Withdraw by choosing the same network your receiving wallet supports, checking the fee and minimum shown on the screen, and sending a small test first.
MEXC may ask for extra identity checks before withdrawals, so complete verification early and test with a small withdrawal first.
Pros and Cons
Pros
0% spot maker fee and 0.04%-0.05% taker on most pairs
Very large token list and early listings
Low futures fees, with some contracts at 0%
Fee discount when paying with MX
Cons
Warned or blocked by regulators in Hong Kong, Japan, Germany and South Korea
Account-freeze controversy in 2025
Leverage up to 500x and many risky tokens
Closed to US, Canadian, UK and other residents
API orders and special-rate pairs cost more
MEXC FAQ
Is MEXC legit?
MEXC is a large, well-known exchange, but several regulators have warned about or blocked it for operating without registration, and it has faced criticism over account freezes. Consider carefully and check your local rules.
Does MEXC charge fees?
Spot maker fees are 0%, and spot taker fees range from 0% to 0.05% depending on the pair. Futures fees range from 0% to 0.04% maker and 0% to 0.10% taker. API orders follow a different schedule.
Is MEXC available in the US or UK?
No. MEXC lists the United States, Canada and the United Kingdom, among other places, as restricted.
Does MEXC require KYC?
MEXC offers identity verification and may require advanced verification before withdrawals, especially after its 2025 risk-control changes. Requirements vary, so read MEXC’s current rules.
Has MEXC been hacked?
We did not find a major reported MEXC hack, but any exchange can be attacked, and your funds are held in custody.
MEXC or Bybit?
MEXC has lower spot fees and many more tokens; Bybit has a more established product range and clearer official fee tables. Both are restricted in the US and Canada. See our Bybit review.
Final Verdict
MEXC is a strong choice on price and token variety for experienced traders, but regulatory warnings, a past account-freeze controversy and very high leverage mean it deserves extra caution. If it is available and legal where you live, open a MEXC account, keep your holdings small, avoid high leverage, withdraw to your own wallet when you are done, and never risk money you cannot afford to lose.
Method: this review is based on MEXC’s official homepage and fee overview as read on November 1, 2026, MEXC’s published guides for restricted countries and API fees, CoinDesk and The Block reports on regulatory actions, and our own use of the platform. Fees, promotions and restrictions change, so confirm them on MEXC’s site.
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