MEXC lists United States as a restricted location (source, checked 2026-09-06)
OKX is the highest-scored exchange we have not seen restricted in United States.
MEXC Review
cexYour Gateway to the Altcoin World
- Taker fee
- 0.05%
- KYC
- Required
- Founded
- 2018
- HQ
- Singapore
Not available in United States.
See a verified alternative →Verdict
MEXC requires KYC verification before you can trade and charges around 0.05% on its taker fee. It scores 68.1/100 on the CompareCEX Score (92% of criteria verified), which suits beginners and cost-sensitive traders reasonably well. As a custodial platform, it holds your funds until you withdraw, so its security track record and regulation below matter as much as its fees. Check the fee table, KYC and country availability, and security sections below before you decide — exchange terms change without notice and we re-verify data periodically rather than in real time, so always confirm against the source links.
CompareCEX Score breakdown
68.1/100 overall, based on the 92% of criteria below with verified data. Criteria without data are excluded from the average, not scored as zero.
| Criterion | Weight | Score | How it's calculated |
|---|---|---|---|
| Trading fees | 25% | 97.5 | Average of maker and taker fee: 0.025%. |
| KYC ease for beginners | 15% | 60.0 | KYC required |
| Geo availability (not restricted) | 15% | 25.0 | Not restricted in 1/4 countries checked. |
| Security track record | 10% | 85.0 | base 70; +15 proof of reserves published; incident history not verified. Total: 85. |
| Regulation / licensing | 8% | Not verified | Not enough verified data in Knowledge Graph for this criterion yet. |
| Payment methods | 8% | 80.0 | 3 payment method(s) on record: bank_transfer, crypto, card. +10 for having a card/Apple Pay/Google Pay method. |
| Features | 8% | 44.4 | 4/9 standard cex features available: spot, futures, margin, staking. |
| Customer support | 6% | 60.0 | ticket/email (channels: help_center, ticket, hours: 24/7). |
| Mobile app quality | 5% | 70.0 | iOS + Android app. |
Fees: what a $1,000 and $10,000 trade actually costs
| Maker fee | 0.00% Source (opens in new tab) · verified 2026-10-19 |
|---|---|
| Taker fee | 0.05% Source (opens in new tab) · verified 2026-10-19 |
- MEXC taker fee (0.05%): a $1,000 trade costs $0.50, and a $10,000 trade costs $5.00 (checked 2026-10-19). source
Availability & KYC
KYC: Required.
| Country | Status | Details |
|---|---|---|
| United States | Restricted | Prohibited Jurisdiction. Source · checked 2026-09-06 |
| United Kingdom | Restricted | Prohibited Jurisdiction. Source · checked 2026-09-06 |
| Canada | Restricted | Prohibited Jurisdiction. Source · checked 2026-09-06 |
| Australia | Available | not in Prohibited Jurisdictions list. Source · checked 2026-09-06 |
"Unclear" means we have not independently verified this yet — check the exchange's own terms before signing up.
Security & regulation
| Security track record | Proof of reserves: published Source (opens in new tab) · verified 2026-10-20 |
|---|
Not yet verified: regulation / licenses, custody model.
Products & features
| Features | Spot, Futures, Margin, Staking Source (opens in new tab) · verified 2026-09-04 |
|---|---|
| Mobile app | iOS · Android Source (opens in new tab) · verified 2026-10-19 |
| Payment methods | Bank Transfer, Crypto, Card Source (opens in new tab) · verified 2026-10-19 |
| Customer support | Help Center, Ticket (24/7) Source (opens in new tab) · verified 2026-09-04 |
| Coins listed | ~1,000 (among highest number of altcoins) Source (opens in new tab) · verified 2026-10-19 |
| Languages supported | 20 languages Source (opens in new tab) · verified 2026-10-19 |
Not yet verified: supported chains.
Pros & cons
Pros
- Low trading fees (Average of maker and taker fee: 0.025%.)
- Proof of reserves published (per exchange's own disclosure).
- Mobile app available on both iOS and Android.
Cons
- KYC verification required before trading.
- Restricted in several of the countries we've checked (Not restricted in 1/4 countries checked.)
- No live chat support — only help_center, ticket on file.
Alternatives to MEXC
Top-scoring exchanges of the same type, ranked by the CompareCEX Score.
Related guides
- Best Crypto Exchange With Low Fees: MEXC 0% Maker, 0.05% TakerMEXC charges 0% maker and 0.05% taker, the lowest of six exchanges we checked, while Kraken's entry tier costs 16x more on an identical $2,000 round trip.
- Best App for Futures Trading Crypto: 6 Picks Ranked by What DiffersAll six exchanges confirm iOS and Android futures apps except Binance, which isn't separately sourced. This ranking is built on fees and feature depth instead.
- Best Place to Purchase Cryptocurrency: Exchange or Fiat On-Ramp?Buying crypto splits into two real paths: a direct exchange account or a dedicated fiat on-ramp, compared on fees, payment methods, and KYC.
Questions people ask about MEXC
- What are MEXC's fees?
- MEXC's taker fee is 0.05%, per our verified data — see the fee table above for the exact source and check date. Read the full answer →
- What is MEXC's withdrawal fee?
- MEXC supports Bank Transfer, Crypto, Card for withdrawals, per our verified data — check the exchange's help center for exact fees and processing times. Read the full answer →
- Is MEXC safe to use?
- MEXC publishes proof-of-reserves, per its own disclosure — see the security section above for details and sources. Read the full answer →
- Does MEXC require KYC?
- MEXC requires KYC verification before you can trade, per our verified data. Read the full answer →
- Is MEXC available in the US, UK, Canada, and Australia?
- Based on our data, it's restricted in 3 of the 4 countries we've checked (GB, CA, US). See the availability table above for each country and its source. Read the full answer →
Crypto assets are volatile and unregulated in many jurisdictions. Not financial advice.