MEXC Global Review | Is the MEXC Exchange Reliable? Will It Scam or Run Away?

1. Platform Background and Development History

MEXC Global (also known as MEXC Exchange) was founded in 2018 and initially registered in Singapore. It has since expanded to multiple locations around the world. With its low listing threshold and extensive token coverage , MEXC has quickly become a leading emerging exchange.

Development highlights:

• 2018 : Launched trading platform, focusing on small currency transactions.

• 2019-2020 : Expand to markets such as South Korea, Vietnam, and Russia.

• 2021 : Renamed to MEXC Global and internationalized the brand.

• 2023-2024 : Daily trading volume consistently ranks among the top 20 globally. According to CoinMarketCap and Coingecko data, spot trading volume stabilizes in the range of US$1 billion to US$3 billion per day .

MEXC is positioned as a "secondary liquidity market" and is famous for its initial launch of new currencies/altcoins , attracting a large number of speculative users.

2. Trading Account and Trading Conditions

MEXC supports various businesses including spot trading, contracts, leverage, ETFs, and financial management .

📌 Compared with leading exchanges such as Binance and OKX, MEXC's advantages lie in its fast listing speed and wide range of currencies , but its depth and liquidity are relatively inferior .

III. Supervision and Compliance

MEXC Global does not hold any mainstream European or American financial regulatory licenses and currently relies mainly on partial offshore registration and limited compliance:

⚠️ Compared with regulated exchanges such as Binance and Coinbase, MEXC’s compliance is clearly insufficient, which is also one of its biggest risks.

IV. Product and Market Coverage

The highlight of MEXC is its wide range of currency coverage . Almost all newly launched projects can be found on MEXC:

• Spot currency pairs : 1800+

• Contract amount : 300+

• ETF leverage : 2x, 3x, and 5x for popular currencies

• Launchpad/IEO : Regularly launch new project crowdfunding

• Financial management : PoS staking, DeFi mining pool

But this also brings risks:

• The review process for listing coins is relatively loose, which can easily lead to the problem of "air coins".

• Some projects have experienced cases of short-term speculation and plummeting prices.

5. Trade Execution and Technical Performance

• Matching engine : Officially claimed to support 140,000 transactions per second.

• Depth : Liquidity is acceptable for mainstream currency pairs (BTC/USDT, ETH/USDT), but the depth of smaller currencies is limited.

• Slippage : Large transactions (>500,000 USDT) may incur significant slippage.

• APP experience : It has rich functions, but the interface is a bit complicated due to the large number of supported currencies.

• API : Supports high-frequency trading, but the stability is average.

6. Deposit and Withdrawal

MEXC supports multiple deposit methods:

• Cryptocurrency top-up : Supports mainstream stablecoins such as BTC, ETH, USDT, and USDC.

• Fiat currency channel : third-party payment (MoonPay, Simplex), with high fees.

• Withdrawal speed : Mainstream currencies generally arrive within 1-2 hours.

⚠️ Risks: Some users have reported withdrawal delays or strict KYC audits.

VII. Customer Service and Language Support

• Supported languages : English, Chinese, Korean, Vietnamese, Russian, Spanish and more than 20 languages.

• Customer service channels : online ticket, email ( [email protected] ), and built-in chat in the app.

• Response speed : Generally reply within 12-24 hours, but some users are slow to respond.

8. Media and User Reviews

International media coverage

• Cointelegraph: Called it “a representative example of an emerging exchange, but lacking top-tier regulatory compliance.”

• FX110/Forex Eye: The risk rating is high, mainly due to the lack of authoritative supervision.

User reputation

• Positive reviews : Many currencies, fast listing speed, and better liquidity than second- and third-tier exchanges.

• Negative reviews : Lack of supervision, cases of delayed withdrawals, slow customer service response.

IX. Risk Warning

• Regulatory risks : Lack of mainstream European and American licenses may lead to restrictions in the future.

• Market risk : Small currencies fluctuate violently and are prone to sudden rises and falls.

• Compliance : The review process for listing coins is lax, and there is a risk of unauthorized coins or failed projects.

Investors are advised to only use MEXC as a "supplementary exchange" and place their main funds on regulated mainstream platforms.

10. Multi-dimensional scoring (out of 10 points)

• Regulation and Security : 5/10 — There are basically no authoritative licenses, and there are compliance risks.

• Trading Conditions : 7/10 — Low fees and flexible leverage.

• Product richness : 9/10 — The wide variety of currencies is MEXC’s biggest advantage.

• Technology and Liquidity : 7/10 — Liquidity is acceptable for mainstream pairs, but lacks depth for smaller pairs.

• Customer Service : 6/10 — Multi-language support, but response times can be slow.

📊Overall rating: 6.8/10
MEXC Global is suitable for speculative users who want to pursue new coin opportunities, but the long-term security of funds still needs to be carefully considered.

11. Conclusion

MEXC Global is an exchange known for its rich currency varieties and high coin listing speed , and is popular among speculative users.

• Advantages: multiple currencies, low fees, and fast listing.

• Disadvantages: Lack of mainstream licenses, withdrawal and compliance risks.

👉 Official website: https://www.mexc.co