Key Highlights:
- MexC is a secure and reliable crypto exchange platform with several great features for pros and newbies alike.
- Sell, buy, and store crypto conveniently on MexC.
- Enjoy low transaction fees and occasional sign-up bonuses.
In our review of MexC, we found that the platform is secure, not to mention reliable. It enables users to purchase as well as sell cryptocurrencies quickly and easily. It offers a simple user interface, multiple payment options, and low fees.
The platform is a great option for both experienced and new crypto traders. It is safe to say that you can easily rate the platform a solid 4.8 out of 5, making it one of the highest-rated cryptocurrency exchange platforms in the market currently.
Our review of the platform highlights the reliability of the exchange, its wide collection of supported cryptocurrencies, great user interface, and ease of use. It also makes the positive sentiments of traders and customers in the crypto community obvious.
However, inspite of being one of the best exchanges we have reviewed so far, they are not right for all of you.
So, without wasting time, scroll down to find out if this crypto trading platform is a good fit for you!
| Pros | Cons |
| Low transaction fees. | Limited quality of customer support. |
| Wide collection of supported cyrptos. | Lack of complex trading features. |
| Reliable and secure platform. | Not available everywhere (i.e., in all countries). |
So, What Is MexC?
MexC is a crypto exchange platform that provides users with the ability to purchase, sell, and also store their digital assets. It also allows users to access a wide range of different financial services.
Registered in Singapore, the exchange platform was launched in 2018. For the first few years, the platform was called MXC. Later, in 2021, the platform underwent rebranding, and an ‘e’ was added to the brand name.
Last year, the platform’s trading volume was at 1.47 billion USD as per Coinmarketcap.com which in itself is an impressive feat. Moreover, we also noticed that Coinmarketcap.com has also placed MexC at the ninth spot in their list of crypto exchanges featuring the highest 24-hour spot trading volumes.
But the platform doesn’t just offer spot trading to its users, they also offer various staking services and futures trading.
To cut a long story short, the creators of this platform designed it in a way to ensures it provides a reliable, fast, and secure experience to all its users. Moreover, with advanced security protocols and a user-friendly interface, the platform is a great alternative for anyone trying to start their journey in the crypto space.
What’s So Great About MexC? Top Features
The most popular feature of MexC is its easy-to-use personal wallet. The wallet enables users to send, receive, and store digital assets securely. Also, the wallet enables users to store different currencies such as Litecoin, Ethereum, Bitcoin, and more.
Moreover, the platform also offers multiple trading alternatives, including futures trading, margin trading, and spot trading. As a result, users can make the most of price movements in the crypto space to maximize profits.
The crypto exchange also offers several tools to its users, making them aware and helping them make informed decisions. Now, this can include news updates, technical analysis tools, and real-time market data.
Additionally, the platform also offers a wide range of security measures to make sure that the user funds stay safe. This includes secure encryption, cold storage, and two-factor authentication.
Finally, MexC offers an array of security measures to ensure the safety of user funds. This includes two-factor authentication, cold storage, and secure encryption.
Overall, the exchange platform is a great alternative to begin with crypto. With the platform’s easy-to-use wallet, solid security measures, and wide range of trading alternatives, MexC offers a reliable and secure way to sell, purchase, and store digital tokens.
1. MexC Staking Services:
MexC is a crypto exchange platform that offers staking services. They provide staking for a wide selection of cryptos.
It is likely that some cryptos available for staking at the crypto exchange like Dogechain and ETHW, can not be staked anywhere else.
In fact, the estimated Annual Percentage Yield (API) provided by the exchange platform while settling the staking time period to a sort of flexible staking typically ranges between 0.28% and 4%
2. Affiliate Program:
MexC also has a strong affiliate program. All you have to do here is share your affiliate link with your particular referrals and get them to sign up with your link, and you will obtain 50% of the trading fees that have been generated by the same referrals.
Interestingly, much like Paybis, you will enjoy this commission forever! In addition to this, you will also get a 10% affiliate commission from the referrals of your referrals.
There are multiple exchanges that allow only affiliate commission for the first year or sometimes a relatively shorter time period of a particular referral’s activity on the same platform. However, MexC provides the affiliate commission to the referring party forever.
3. Over 1500 Supported Cryptocurrencies:
MexC has a huge number of trading pairs. In fact, the platform supports several exotic altcoins. Of course, there are two different sides of the very same coin.
Now, this is a positive sign – even an exotic altcoin investor will like this platform, considering they can find the coins catering to their particular trading needs. However, on the flip side, this also means that there could be a possibility of spam coins being available for trading in such cases.
Moreover, exchanges that have a relatively small quantity of supported cryptocurrencies typically support larger crypto projects.
These projects have been subject to several due diligence procedures. Also, in most of the cases, these are also properly vetted. After all, any recently launched altcoin hasn’t really been subject to the same kind of scrutiny.
4. Mobile Support:
The MexC exchange offers its trading platform on the web as well as mobile versions. Moreover, both Android and iOS users can access the exchange’s mobile version.
Of course, investors find mobile applications very helpful, considering they are useful for monitoring their trades, and that too on the go!
5. Customer Support:
MexC provides customer support via live chat and a ticket system. However, their customer support is restricted in comparison to other exchange platforms since they do not actually have any phone support alternative or even a detailed FAQ section on their site.
Nonetheless, the platform’s customer support team is helpful and responsive. Moreover, the support team strives hard to solve customer problems in an efficient and timely manner.
On top of that, the platform also offers tutorials and a knowledge base to help customers navigate the exchange and make well-informed decisions.
Overall, while the exchange’s customer support might not be as extensive and detailed as other exchanges, they are dedicated to offering quality service to their customers.
MexC And Payments: Fees Overview
There are two kinds of fees that you will come across on MexC:
- Trading fees and
- Withdrawal fees.
1. Trading Fees:
Once you place any order on the platform, you will have to pay a trading fee. This trading fee is typically a portion of the trade order’s value. In the most common cases, exchange platforms make a distinction between makers and takers.
While makers are the ones known for adding orders to the order book, takers are responsible for taking existing orders from the same order book. This is precisely how the makers and takers maintain the platform’s liquidity.
So, the platform charges takers a fee of 0.20%. As per Cryptowisser.com’s recent empirical research, the average taker fee for spot trading was 0.2294%, and the average maker fee was 0.1854%. In light of this particular report, the platform’s offering for takers is fine. Similarly, for futures trading, MexC charges takers a competitive fee of 0.03%.
But that is not even the best part! The best part is that this particular exchange doesn’t really charge makers any fee, thereby promoting the platform’s liquidity. Now, this applies to both futures and spot trading, considering it’s a very solid part of the platform’s offering.
2. Withdrawal Fees:
Another fee that you must consider before selecting which exchange platform to trade at is the withdrawal fee. Typically, exchange platforms fix their withdrawal fee regardless of the total crypto units a user is withdrawing at once. But this fee does vary from crypto to crypto.
For example, MexC charges users 0.0003 BTC for BTC withdrawals. Since the BTC withdrawal fee on average globally is 0.0004599 BTC, MexC’s fee is actually pretty low.
Deposit Methods For Investors Based In The United States:
Unfortunately, investors based in the United States cannot trade at this exchange! However, restricted jurisdictions do expand much beyond the United States.
So, you cannot trade on this exchange platform if you are from any of the following jurisdictions.
- Canada,
- United States,
- Italy,
- Indonesia,
- Singapore,
- Mainland China,
- Crimea,
- Serbia,
- Venezuela,
- Tobago,
- Trinidad,
- Liberia,
- Guinea,
- Guinea-Bissau,
- Ethiopia,
- Macedonia,
- Afghanistan,
- Burundi,
- Kyrgyzstan,
- Central African Republic,
- Congo-Kinshasa,
- Iraq,
- Somalia,
- Bangladesh,
- Ecuador,
- Bolivia,
- Libya,
- Lebanon,
- Myanmar,
- Zimbabwe,
- Yemen,
- Iran,
- Syria,
- Sudan,
- Cuba, and
- North Korea.
At MexC, you can buy cryptocurrencies in several different ways once the platform allows you to open an account. You will actually find different methods, including wire transfers and credit/debit cards.
As a result, the exchange is an entry-level exchange where crypto dummies can take baby steps into the exciting crypto space.
MexC Alternatives:
If you are seeking alternatives for MexC, then check out these crypto exchanges!
1. Coinbase:
Are you new to the world of cryptocurrency trading? Coinbase offers a user-friendly platform with multiple payment options and a simple interface to get you started!
2. Binance:
With its extensive selection of multiple trading pairs, user-friendly interface, and low fees, Binance is a reliable and popular option for multiple traders. It also provides different security features.
3. Kraken:
For the ones seeking low fees and high liquidity, Kraken happens to be an excellent alternative. It provides complex trading features like staking, futures, and margin trading.
What Are People On The Internet Saying About MexC?
So, what are people on the internet saying about MexC? Mostly good stuff – here’s an overview (thanks to Playstore)!
Review By Victor K:
“MEXC made me fall in love with trading because of the low fees, the only platform I recommend 5 out of 5 stars. I absolutely love all the notifications that we get from new listings to new events and more! MEXC is what other platforms wish to be. Edit: 0.01% taker fees are back as of January 31st, 2024!”
Review By Jason Olesky:
“Ultra Real Time Update the Charts. The most reliable as compared to the rest apps. Additional information After 72 hours of continuous use There is some thing totally different feeling while I am on this app, cause I couldn’t open my previous friendly apps which I was using from more than 1 year. MEXC gonna capture my mind through its unique functionality and a sequences of its rewards, making me to keep on stay on MEXC. Really you must try it for some minutes, no matter any level of experience.”
Review By Umair Khan:
“Absolutely perfect app. I had an issue of verification code not receiving via sms. I sent a request to change my number to a new one ane helped me out in no time. Many thanks to you Just need to give one suggestion on server speed as it varies randomly, sometimes it’s fine sometimes extremely slow. I hope this will be sorted out too. Best Regards.”
Review By Aaron Burns:
“It would be great if it was possible for the “Open Orders” in the “Future trading” to be sorted based on different things like date, price, etc. The only option now is to view them based on the date you place the order.”
Is MexC Legit?
So, is MexC legit? Yep, it is 100% legit! The best part? The platform has really low transaction fees, and it is ideal for new crypto traders. So, if you are new to crypto trading and wondering which platform to opt for, MexC is your best shot!
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