MEXC review

Spot trades carry a taker fee of 0.2%, the same level as the 0.2% seen across listed exchanges. A charge at that level suits regular trading, and the taker fee is the figure to watch if you trade often.

The exchange lists 1,500 coins, which places it at 7 out of 176 brands on coin count. That sits well above the 74.5 across listed exchanges, so altcoin buyers rarely run short of pairs here.

The only listed regulator is Comoros (international crypto licence). Coins sit in custodial custody, so the platform holds the balance. No home market scheme is listed alongside that licence, which matters for anyone weighing the safety of funds.

Fiat deposits run through card and bank. Card and bank funding are both covered, so deposits do not depend on a single rail. MEXC is a cex, which means the money lands in the platform account before any coin is bought.

Proof of reserves is published, and about 79.7% of listed exchanges do the same, so this sits with the majority. Custody is custodial, so a reserves check is the main comfort offered on the coins held.

It is a cex run by MEXC Trading Platform, founded in 2018 and headquartered in Seychelles. That structure keeps balances on the platform, and 54% of listed brands work the same custodial way.

Support runs on email and community, so email and a community forum are the listed routes. Neither is a live chat or a phone line, which is thin for a stuck withdrawal or a disputed trade. Community answers can be quick, though they carry no official weight.

MEXC charges 0.2% to take. bunq runs 0.25% to 1.99% on its crypto trades, eToro lists 1% and Vivid Plus quotes 2.25%. On trading cost alone MEXC sits below all three, though those are different kinds of service.