MEXC Review (2026)
Our verdict: 3.9 / 5
MEXC's pitch is enormous coin selection and rock-bottom fees — it lists thousands of tokens, including small-cap and brand-new coins, often before bigger exchanges. But that comes with real risks: it is lightly regulated, has faced restrictions and warnings in several jurisdictions, and has a mixed reputation for withdrawals and account freezes. We rate it useful but higher-risk, and not where you should keep meaningful funds.
How it scores
👍 Pros
- Thousands of listed tokens
- Very low trading fees
- Lists new coins early
- Functional, fast app
👎 Cons
- Lightly regulated; restricted in some regions
- Reports of withdrawal issues and account freezes
- Patchy customer support
- Lists many high-risk, low-quality tokens
How it compares
| Feature | MEXC | Binance | Kraken |
|---|---|---|---|
| Our score | 3.9 | 4.3 | 4.5 |
| Spot maker/taker | 0.00% / 0.05% | 0.10% / 0.10% | 0.25% / 0.40% |
| Coins listed | 2,000+ | 350+ | 200+ |
| Regulatory standing | Weak | Mixed | Strong |
| Beginner friendly | Low | Moderate | Moderate |
| Best for | Obscure altcoins | Low fees | Security-minded |
How we tested
We funded a verified MEXC account, placed spot trades on both mainstream and small-cap pairs, and tested deposits and withdrawals to an external wallet. We reviewed its security disclosures, regulatory status across regions, and documented user complaints about frozen accounts. Scores weight security most heavily, then fees and usability. We fund our own accounts — MEXC does not influence our verdict.
FAQ
Is MEXC safe to use?
MEXC is functional and cheap, but it's lightly regulated and has faced warnings and access restrictions in several countries, plus user reports of withdrawal delays and account freezes. Treat it as a higher-risk venue: trade what you must, withdraw promptly, and never store meaningful funds there. Keep long-term holdings in your own wallet.
Why does MEXC list so many coins?
It lists thousands of tokens, including very new and small-cap ones, which appeals to traders chasing early access. But many of those tokens are illiquid, high-risk, or outright scams — see our guide on how to spot a rug pull. This is education, not advice; only risk what you can afford to lose.