MEXC
medium trust · scored on blocks worth 85 of 100 points
Affiliate link: we may be paid. It does not affect the score. 18+ only.
What people say
Ratings from our readers and fresh reviews from the exchange app's users.
Freekonomist readers' ratings
Give the exchange 1 to 5 stars and say briefly why. One rating per account, you can change it. Not part of the score.
App Store reviews
Latest 40 reviews: ★ 4.7 on average, complaints (1–2 stars) 5%. 🇦🇺 🇦🇪 🇺🇸 🇨🇦 🇳🇬
Great Exchange
No problems have not had crypto frozen or hacked like other exchange’s
mc204689 · 🇺🇸 2026-10-17 · App Store ↗Show all reviews (40)
5 star
Best crypto app I've used. Super fast, no lag even during volatile market, fees are very low, and they list new coins earlier than any other exchange. Deposit and withdrawal is instant. KYC took 5 mins. 5 stars, keep it up MEXC!
Mrnature001 · 🇺🇸 2026-10-15 · App Store ↗DEAR BEST EXCHANGER❤️
⭐⭐⭐⭐⭐ MEXC is hands down the best crypto exchanger I’ve used. Fast deposits and withdrawals, low fees, a huge selection of coins and trading pairs, and a clean, easy-to-use interface. The liquidity is excellent and the platform feels reliable. If you’re looking for a top-tier exchange, MEXC is the one to go with. Highly recommended!
Arewerh · 🇳🇬 2026-10-15 · App Store ↗REDUCED LAGGING
U guys should aim to reduce lagging when operating the app on an iPhone, thank u
TyMarvee · 🇺🇸 2026-10-14 · App Store ↗Good app
I have been using the platform for a long time now and I must confess it’s a really reliable platform. Kudos to the team that makes it to be this reliable
Andy7000z · 🇳🇬 2026-10-14 · App Store ↗Effectiveness of mexc and having smooth transactions
Mexc has been a very good trading app where tradings take place and can save their assets safely It’s been very fast and reliable when making transactions I love MEXC because I can buy my crypto without any hidden charges
BIQDERA003 · 🇦🇪 2026-10-14 · App Store ↗Mexc the most nice exchange
MEXC is a good cryptocurrency exchange with a wide range of coins, competitive trading fees, and a user-friendly interface. I like the variety of trading options available on the platform. However, there is still room for improvement in customer support and withdrawal experiences. Overall, MEXC is a useful platform for crypto traders, and I hope they continue improving their services.
Limboy12 · 🇺🇸 2026-10-13 · App Store ↗Best exchange
MEXC is a great cryptocurrency exchange with a user-friendly interface and a wide variety of cryptocurrencies to explore. The platform makes it easy to navigate the market, check prices, and manage trades. I also appreciate the features available for both beginners and experienced traders. Overall, it offers a convenient way to explore cryptocurrency trading, and I look forward to seeing more improvements and new features in the future.
Diva2026 · 🇺🇸 2026-10-13 · App Store ↗Review
MEXC is easy to use and offers a wide variety of cryptocurrencies and trading options. I like being able to check prices, manage my assets, and trade from one app. The range of features may take some time to get used to, especially for beginners, and crypto trading can be risky. Overall, it’s a useful app for exploring crypto markets—just make sure to understand the risks before trading.
Prince19999 · 🇺🇸 2026-10-13 · App Store ↗MEXC the best exchanges
MEXC is one of the best exchanges that is trustworthy and safe guide assets of their customers, MEXC still remain the best of all
Pharmacy001 · 🇳🇬 2026-10-13 · App Store ↗Excellent Crypto Trading Experience ⭐⭐⭐⭐⭐
The MEXC app offers a smooth and user-friendly trading experience with a clean interface and a variety of exciting features. I appreciate how easy it is to navigate the platform and explore different trading opportunities. Overall, it’s a great app for crypto enthusiasts, and I look forward to seeing more improvements and exciting events in the future. Highly recommended!
bukola1$ · 🇳🇬 2026-10-13 · App Store ↗Review
MEXC is a great cryptocurrency exchange with a user-friendly interface, fast transactions, and a wide variety of cryptocurrencies to trade. I appreciate its features and the opportunities it provides for both beginners and experienced traders. Overall, MEXC offers a convenient trading experience, and I look forward to seeing more improvements and innovations in the future. Highly recommended! ⭐⭐⭐⭐⭐
Nafi baby · 🇳🇬 2026-10-13 · App Store ↗Review
My experience with MEXC has been great so far! I appreciate the platform’s wide range of cryptocurrencies, user-friendly interface, and trading opportunities. MEXC continues to be a great platform for exploring the crypto market. Looking forward to more improvements and a better trading experience!
Fateemerh017 · 🇳🇬 2026-10-13 · App Store ↗Feedback
Really nice App Buh I think working on the outlay would be Great
Mcgr81 · 🇳🇬 2026-10-13 · App Store ↗The best crypto platform.
Mexc is one of the best crypto platform I have ever used smooth and fast and your funds are 💯% safe
Emiboyxo · 🇳🇬 2026-10-13 · App Store ↗Amazing
MEXC is a great cryptocurrency trading platform with a user-friendly interface and a wide variety of cryptocurrencies to explore. The app is easy to navigate, and I appreciate the features it offers for trading and managing my assets. Overall, my experience has been good, and I look forward to seeing more improvements and new features in the future. I would recommend MEXC to anyone interested in exploring cryptocurrency trading.
Twins_co · 🇳🇬 2026-10-13 · App Store ↗Great Crypto Trading Experience
MEXC has been a great platform for trading crypto. The app is easy to use, offers a wide range of coins, and has useful features for both beginners and experienced traders. I also like the variety of trading options available. Overall, a solid platform for anyone interested in crypto.
psalmiesam · 🇳🇬 2026-10-13 · App Store ↗Mexc
Mexc is my favorite exchange right now it’s one of the best right now
Damikareq · 🇳🇬 2026-10-13 · App Store ↗Review
MEXC is a useful crypto trading platform with a wide range of cryptocurrencies to explore. The app has a clean interface, and it is convenient to check market prices, manage assets, and trade on the go. I would appreciate further improvements to app performance and customer support response times. Overall, it is a good option for users interested in cryptocurrency trading.
basit68 · 🇳🇬 2026-10-11 · App Store ↗Cluttered and dysfunctional
A trading app has to be simple and easy to use. This is one of the most cluttered and dysfunctional apps i have used. Just to find my transaction history takes over half an hour (still not found it) and the incessant offers drive me mad.
Chase Bill Brown · 🇦🇺 2026-10-06 · App Store ↗Lower fees
Trade charges have been very low and the app interface is newbie friendly
AY Int'll · 🇳🇬 2026-10-05 · App Store ↗App crashing
The application is causing my iphone to reset
Lord farquadss · 🇨🇦 2026-10-04 · App Store ↗Exceeded My Expectation!
Easy to use and most trustable crypto exchange I’ve ever used. 容易使用，值得信赖! I now seldom use other exchanges because MEXC is very comfortable to use on all the things I do. Most of all, they safeguard my assets!
best crypto exchange! · 🇺🇸 2026-10-02 · App Store ↗Fresh App Store reviews as they are: we neither edit nor pick them. They are not part of the score; the App Store average is.
Licences
0 / 25Where the exchange is legal: licences and registrations from regulators' registers, minus bans and fines.
Confirmed in regulators' registers
No licence or registration in the registers we checked.
Claimed, not confirmed in a register
- 🇺🇸 United StatesregistrationFinCEN · MEXC FUTURE Tech Inc. (Denver, CO)source ↗
- 🇪🇪 EstonialicenceEstonian FIU (Rahapesu Andmebüroo) · MEXC Estonia OÜsource ↗
Regulator actions
- 🇳🇱 Netherlandswarning · 2025-09Sep 2025: AFM public warning, MEXC Global provides crypto-asset services in NL without MiCAR licence (breach of art. 59 MiCAR); listed in ESMA non-compliant CASP registersource ↗
- 🇦🇪 United Arab Emirateswarning · 2026-03Mar 2026: Dubai VARA investor alert vs MEXC Estonia OÜ and MEXC Global LTD, ordered to cease and desist unlicensed activity targeting Dubai residentssource ↗
- 🇸🇨 Seychelleswarning · 2026-05May 2026: FSA Seychelles enforcement press release, MX Global Ltd operates MEXC without a VASP licence; referral for legal action initiated (earlier notices Feb 2025, May 2025)source ↗
- 🇯🇵 Japanwarning · 2024-11Mar 2023 and Nov 2024: Japan FSA warning letters to MEXC Global for unregistered crypto-asset exchange business with Japanese residentssource ↗
- 🇭🇰 Hong Kong SAR Chinawarning · 2024-03Mar 2024: SFC added MEXC (mexc.com) to Suspicious Virtual Asset Trading Platforms alert list for targeting HK investors without licencesource ↗
- 🇬🇧 United Kingdomwarning · 2024-06Mar 2024: FCA Warning List entry for MEXC Global Ltd (mexc.com), unauthorised firm (updated Jun 2024)source ↗
- 🇮🇳 Indiawarning · 2023-12Dec 2023: FIU-IND show-cause notices to 9 offshore VDA SPs incl. MEXC Global for operating without FIU registration; URL blocking requestedsource ↗
- 🇩🇪 Germanywarning · 2023-10Oct 2023: BaFin consumer warning, mexc.com offers financial services without authorisation (investigation under s.37(4) KWG)source ↗
- 🇵🇭 Philippineswarning · 2025-08Aug 2025: Philippine SEC advisory naming MEXC among 10 unregistered crypto exchanges; ISPs later blocked accesssource ↗
Does not serve, by its own terms
🇺🇸 United States🇬🇧 United Kingdom🇨🇦 Canada🇨🇳 China🇭🇰 Hong Kong SAR China🇸🇬 Singapore🇲🇾 Malaysia🇰🇿 Kazakhstan🇷🇺 Russia🇧🇾 Belarus🇰🇵 North Korea🇨🇺 Cuba🇸🇩 Sudan🇮🇷 Iran🇺🇦 Ukraine
Reserves
18 / 20Proof of reserves: is there one, who checked it, how fresh it is and whether coins cover every client balance.
Security
15 / 15Past hacks and whether clients were made whole, the insurance fund.
Hacks
No known hacks of the exchange.
Insurance fund
$268.6M · Guardian Fund: 101.6M USDT + 2 000 BTC, checked on-chain source ↗
Liquidity
10.6 / 15Real BTC order-book depth within ±2% and futures open interest.
What people say
8.6 / 10App Store ratings across countries, weighted by the number of reviews.
🇻🇳 ★ 4.73 (17,398)🇹🇷 ★ 4.65 (9,750)🇺🇸 ★ 4.74 (8,492)🇷🇺 ★ 4.66 (7,157)🇺🇦 ★ 4.72 (5,717)🇳🇬 ★ 4.72 (4,761)🇩🇪 ★ 4.68 (3,291)🇧🇷 ★ 4.86 (2,475)
Reviews elsewhere: Trustpilot ↗ · Reddit ↗ · Google Play ↗
Opinion leaders
no dataWhat the opinion leaders from our Sentiment page write about it: the share of complaints among mentions over 90 days.
The opinion leaders have not mentioned this exchange yet. The block fills itself: we follow their posts every hour.
API reliability
no dataOur own check: does the exchange API answer, over 30 days.
Collecting checks: we need at least 10, now 1.
How we score
- Licences · 25 points. Where the exchange is legal: licences and registrations from regulators' registers, minus bans and fines.
- Reserves · 20 points. Proof of reserves: is there one, who checked it, how fresh it is and whether coins cover every client balance.
- Security · 15 points. Past hacks and whether clients were made whole, the insurance fund.
- Liquidity · 15 points. Real BTC order-book depth within ±2% and futures open interest.
- What people say · 10 points. App Store ratings across countries, weighted by the number of reviews.
- Opinion leaders · 10 points. What the opinion leaders from our Sentiment page write about it: the share of complaints among mentions over 90 days.
- API reliability · 5 points. Our own check: does the exchange API answer, over 30 days.
Licences: a full licence in the EU (MiCA), UK, US, UAE, Singapore, Japan, Hong Kong, Canada, Korea, Australia or Switzerland gives 5 points, a full licence elsewhere 3, a registration (such as FinCEN or AUSTRAC) 1.5, an application or in-principle approval 0.5. Each country counts its best entry, and only if confirmed in the regulator's register. Every regulator ban, fine or warning in the last 3 years costs 2 points, at most 8 in total.
Reserves: a published proof of reserves gives 4 points; zk proof 6, audited Merkle tree or audited filings of a listed company 4, unaudited tree 2; a snapshot under 45 days old 4, under 90 days 2; the lowest coverage among BTC, ETH, USDT and USDC at 100%+ gives 6, at 95%+ gives 3.
Security: 10 points minus 2 for each hack where clients were made whole and minus 6 where they were not; hacks older than 5 years count half. Plus 5 if the insurance fund can be checked via API or on-chain, 3 if the exchange only publishes the amount.
When a block has no data yet it is left out and the total is rescaled to 100 over the blocks we have. Our readers' ratings are shown separately and do not enter the score, so they cannot be gamed.
Sources: regulators' registers (ESMA, FinCEN, AUSTRAC, VARA, MAS and others), the exchanges' proof of reserves pages, Powered by CoinGecko (depth and open interest), Apple App Store, the exchanges' public APIs, mempool.space, opinion leaders' posts on X. Licences checked 2026-10-21, data updated .
Partnerships do not affect the scores. We have affiliate links with some of these exchanges and may be paid if you sign up. A script computes the scores from public data with the same rules for all; the method and sources are below. Not investment advice. Trading crypto, especially with leverage, is high risk. 18+ only.