Cryptocurrency exchanges play a crucial role in the digital asset ecosystem, serving as gateways for trading, investing, and exploring new blockchain projects. Among the many platforms available, MEXC (formerly known as MXC or "Mochah") has built a strong reputation since its founding in 2018. Headquartered in Singapore, MEXC serves over 10 million users across more than 170 countries and once captured 5% of the global digital asset market share in 2019.
But with evolving market conditions and increased scrutiny on exchange security, many investors are asking: Is MEXC safe? Is it suitable for beginners? And what makes it stand out from competitors like Binance or Bybit?
This comprehensive guide dives into MEXC’s core features, security practices, platform token $MX, and user experience — all updated for 2025.
What Makes MEXC Unique?
MEXC ranks #25 in spot trading and #24 in derivatives trading globally, with a daily trading volume exceeding $126 million. It earns an 8/10 safety score, reflecting solid infrastructure and transparency efforts. Here's what sets it apart:
- ✅ Rapid token listing — one of the fastest in the industry
- ✅ Low to zero trading fees
- ✅ Over 2,500 listed tokens and nearly 3,000 trading pairs
- ✅ No mandatory KYC for basic trading
- ✅ Supports cryptocurrency deposits via P2P, credit card, and direct transfers
However, TWD (New Taiwan Dollar) deposits and withdrawals are not supported, which may be a limitation for some users in Taiwan.
👉 Discover how low-fee trading can boost your crypto returns
Key Features That Attract Traders
1. Near-Zero Trading Fees
For active traders, fee structures directly impact profitability. MEXC offers one of the most competitive models in the market:
- Spot Maker Orders: 0% fee
- Spot Taker Orders: 0% fee
- Futures Maker Orders: 0% fee
- Futures Taker Orders: 0.01%
This means if you place a $10,000 futures order at market price, your fee is just $1 — significantly lower than most major exchanges. Unlike platforms that require holding their native token to unlock VIP tiers, MEXC provides near-universal zero fees without such prerequisites.
Holding the platform token $MX further reduces costs: transferring MX into your futures account gives you an additional 10% discount on USDT-margined contract fees.
2. Extensive Cryptocurrency Selection
While BTC, ETH, and SOL are widely available across exchanges, MEXC truly shines when it comes to altcoins and emerging tokens. With over 2,500 listed assets, it surpasses Binance (382), Bybit (510), and other top platforms in terms of variety.
According to CoinGecko data, MEXC supports almost 3,000 trading pairs, making it a go-to destination for traders seeking early access to new projects or niche blockchain ecosystems.
⚠️ Note: High volatility accompanies small-cap coins. Always conduct due diligence before investing.
👉 Learn how diversifying across emerging tokens can enhance portfolio growth
Why MEXC Is Great for Beginners
Despite its appeal to advanced traders, MEXC remains beginner-friendly thanks to:
- A clean, intuitive web and mobile interface
- An educational academy with guides and tutorials
- Regular promotional events like "Daily Contract Bonus Draws"
New users can start trading immediately without completing KYC verification, though withdrawal limits apply:
- No KYC: Up to 50 BTC per 24 hours
- Basic Verification: Up to 80 BTC per 24 hours
- Advanced Verification: Up to 200 BTC per 24 hours
This flexibility allows newcomers to explore the platform risk-free before committing personal information.
Understanding the $MX Platform Token
$MX is MEXC’s native utility token, playing a central role in enhancing user benefits and platform engagement.
Core Benefits of Holding $MX
📉 Transaction Fee Discounts
Even with already low fees, holding $MX grants additional savings — especially valuable for high-volume traders.
🎁 Exclusive Reward Programs
Two flagship programs incentivize long-term holding:
Sunshine Campaign (陽光普照)
- Requires: At least 1,000 $MX held continuously for 30+ days
- Reward: Share of daily token airdrops; recent APR ~48%
- Over 195 campaigns ran in the past month alone
MEXC Launchpad
- Offers early access to new token sales
- Participants receive free or discounted allocations
- Same eligibility criteria as Sunshine Campaign
Importantly, users can participate in both programs simultaneously — maximizing rewards through strategic staking.
Token Buyback & Burn Mechanism
To maintain value and scarcity, MEXC commits 40% of quarterly profits to buy back and permanently burn $MX tokens. This deflationary model supports long-term price appreciation and aligns investor interests with platform success.
As of 2025, $MX maintains a market cap of $160 million, with a peak year-over-year increase of 205%.
Is MEXC Safe? Security & Transparency Measures
Trust is paramount in crypto. MEXC has taken significant steps to prove solvency and protect user funds.
Proof of Reserves (PoR)
Launched in February 2023, MEXC’s PoR system publicly verifies asset holdings. As of June 2024, all major cryptocurrencies show over 100% reserve ratios, confirming full backing of user deposits.
Registered users can view real-time reserve data at: MEXC Reserve Dashboard
Public Wallet Addresses
MEXC has published all official hot and cold wallet addresses, allowing third-party monitoring. This level of transparency is rare and demonstrates commitment to accountability.
DefiLlama CEX Rankings
On DefiLlama’s trusted exchange tracking platform, MEXC ranks #13 globally with approximately **$600 million in assets**, and recorded $12 million in net inflows over the past month — a sign of growing user confidence.
Frequently Asked Questions (FAQ)
Q: Has MEXC faced any security issues or fund freezes?
A: Some users reported withdrawal delays due to risk control triggers — typically linked to arbitrage activities. MEXC’s风控 system flags suspicious behavior to prevent abuse. Most accounts can still withdraw funds unless involved in severe violations.
Q: Did the Hong Kong SFC warning affect MEXC?
A: Yes. In March 2024, the Hong Kong Securities and Futures Commission issued a caution notice. In response, MEXC proactively delisted Hong Kong-based users and is actively engaging regulators worldwide to ensure compliance.
Q: What are MEXC’s token listing standards?
A: Projects undergo rigorous review by MEXC’s internal research team. Criteria include smart contract audits, team background checks, community size, liquidity analysis, and adherence to their ST Guidelines (Security Token framework). Tokens found guilty of dumping or low liquidity face delisting.
Q: How does MEXC stay competitive in fast listings?
A: Beyond speed, MEXC differentiates through exclusive user programs like Launchpad and Sunshine Campaigns. These reward loyal users with airdrops and early access — creating a strong ecosystem around $MX holders.
Q: Can I trade with TWD on MEXC?
A: No. MEXC does not currently support New Taiwan Dollar deposits or withdrawals. Users must use cryptocurrencies or third-party payment methods like P2P or credit cards.
Q: How do I buy $MX?
- Visit MEXC’s homepage → Click “Spot Trading”
- Search for “MX/USDT” pair
- Enter amount and price → Click “Buy MX”
- Confirm order execution
Final Thoughts: Should You Use MEXC?
MEXC stands out as a powerful choice for both novice and experienced crypto traders. Its combination of zero-fee trading, extensive altcoin selection, and rewarding ecosystem makes it ideal for those exploring beyond mainstream assets.
While it lacks local fiat support like TWD, its global reach, transparent operations, and active development ensure continued relevance in the evolving crypto landscape.