No Regulation

Score

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/10

MEXC Global

China

|

2-5 years

Suspicious Regulatory License|

Medium potential risk|

https://www.mexcdex.com/#/

Website

Rating Index
Contact
MEXC Global
https://www.mexcdex.com/#/
Influence
E

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

1
Previous Detection 2024-03-02

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

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Keywords

Time Machine

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New Arrival

Company Name
MEXC Global
Regulatory Status
No Regulation
Company Abbreviation
MEXC Global
Platform registered country and region
China
Phone of the company
--

User Reviews

More

18 ratings

Participate in evaluation
BIT3188475300
Fraudulent platform! 🤬 On a green background, I downloaded it inadvertently from a web page that the fraudster indicated to me. The correct, official, legal app has a blue background and is downloaded from the AppStore 😭 With different pretexts I cannot recover my 4000 USDT that I deposited in saving mode. Is there no one to stop these thieves? 🤬
2023-03-07 01:59
0
0
Korkiat64424315
Why would I want to pay for the Dominance Index with no new trust? MEXC is a very high transaction fee, speculating on profits.”)]
2023-12-11 04:47
4
0
Takkun
I don't really like this platform, it looks unattractive and it's not available in my country, so to access I have to use a VPN
2023-08-24 14:56
3
0
Tồi Tệ (恶劣)
I have traded on this platform before, it seems quite okay, nothing to worry about.. but you should only trade shit coins here, because this platform has a lot of bad reputation, although I have not encountered any instability.
2024-02-23 11:21
3
0
Dazzling Dust
MEXC is a global cryptocurrency exchange platform known for providing a wide range of digital assets and trading services to users worldwide.
2023-11-10 05:46
7
0
YYYWASE
Mexc global
2023-12-13 17:01
2
0
Đinh Hoàng Gia
MEXC Global is good and perfect, fast transactions, low fees. New advanced technology, absolute security for your wallet!
2023-12-21 00:20
7
0
BIT7621615802
is it true that the project has no license. should be aware?
2023-03-15 09:09
0
0
jonvet
this is a good exchange according to performace
2023-03-14 23:41
0
0
amirshariff24
i like this exchange trading easy here
2023-09-04 10:14
1
0
Indra Wahyuni
I don't know why MEXC seems to have problems according to WikiBit because as far as I've been using it I've never had any problems, transactions are also smooth, and quite safe.. I just hope that in the future MEXC can be even better.. Success always MEXC..
2023-03-19 08:33
0
0
Mul863
I already have an account from two years ago, I'm sure that even if it's not regulated in time the regulation will come and make us calm, so far I'm comfortable using the exchange
2023-03-18 13:36
0
0
jonvet
I like this exchange because of its simplicity and listing some rare tokens
2023-03-18 00:25
0
0
Cainin
I'm using this exchange from time to time and never had any issues. That's good I guess?
2023-03-16 22:08
0
0
kenanpicknava
Can you ensure the confidentiality of personal data?
2023-03-16 16:24
0
0
Indra Wahyuni
MEXC has really helped me so far.. I'm happy to use it because it's easy and the transaction is smooth.. Hoping MEXC will always be even better in the future.. Success always MEXC..
2023-03-16 09:07
0
0
ShineLuck77
MEXC is a good exchange based on my experience, it’s easy to use. I just have to use vpn to access it.
2023-03-16 06:20
0
0
张老师82810
It is said that there is virus when you withdraw and they will deal with it before Jan.4 2023. Today, I ask the platform and they say that they need another 3 days.
2023-01-04 13:29
0
0

MEXC Global · Company Summary

Aspect Information
Company Name MEXC Global
Registered Country/Area Victoria
Founded Year 2018
Regulatory Authority Unregulated
Number of Cryptocurrencies Available over 1500
Fees 0.1% to 0.06%.
Payment Methods Cryptocurrency /Fiat currency deposits/Credit/debit card deposits
Customer Support 24-7 hour service

Overview of MEXC Global

Founded in 2018, MEXC is known as the exchange of high performance and mega transaction matching technology. The team at MEXC are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC caters to more than 10 million users in more than 170 countries and regions around the world and we have just started. This magnificent achievement is a significant milestone, and MEXC aims to become the go-to platform for new traders and experienced investors as they move forward in their financial journey.MEXC has presence over and across major continents and jurisdictions around the globe and is regulated, either directly or through affiliates, by some of the world's most renowned jurisdictions.

Overview of MEXC Global

Pros and cons

Pros Cons
Minimal information requirements Lack of transparency
Potential for a wide range of cryptocurrencies Uncertain fees and payment methods
Limited customer support

Pros:

1. Minimal information requirements: MEXC Global exchange may have a streamlined onboarding process with minimal information requirements, allowing users to create an account quickly and easily.

2. Potential for a wide range of cryptocurrencies: MEXC Global may offer a diverse selection of cryptocurrencies for trading, allowing users to explore various investment opportunities.

Cons:

1. Lack of transparency: The limited information available about MEXC Global, including its registered country/area, regulatory authority, and other key details, may raise concerns about transparency and accountability.

2. Uncertain fees and payment methods: Without clear information on fees and payment methods, users may face uncertainty and potential hidden costs when trading on the platform.

3. Limited customer support: The lack of information about customer support services provided by MEXC Global may be a drawback for users who require assistance or encounter issues while using the platform.

Regulatory Authority

MEXC Global is not regulated by any regulatory authority, which may raise concerns about the transparency and oversight of the exchange. As a result, the regulatory situation of MEXC remains unclear, potentially exposing users to risks associated with unregulated exchanges.

Security

As a cautious approach, users should be aware of the importance of personal security practices, such as using strong and unique passwords, enabling two-factor authentication, and regularly updating software and devices to ensure the highest level of security. It is also advisable for users to conduct their own research and due diligence regarding the security measures implemented by MEXC Global before engaging in any transactions or storing funds on the platform.

Cryptocurrencies Available

Users can trade more than 1,500 cryptocurrencies and manage their portfolios using the app. The platform is designed so users can have access to spot, margin, and futures trading. It also offers access to exchange traded funds (EFTs), both leveraged and index.

MEXC Global offers a deep suite of products and features for crypto traders and investors. Some of their key offerings include:

  • Spot Trading: MEXC allows users to trade over 300 cryptocurrencies on its platform, offering access to the most popular assets across DeFi, NFTs, the Metaverse and other sectors.

  • Margin Trading: For more advanced traders, MEXC offers margin trading, allowing users to borrow funds and leverage their positions to potentially increase their profits or hedge risks.

  • Futures Trading: MEXC provides a futures trading platform for users who want to speculate on the future price movements of cryptocurrencies with up to 200x leverage. This allows traders to take both long and short positions, depending on their market outlook.

  • Staking: MEXC supports staking for various cryptocurrencies, enabling users to earn rewards on over 50 coins including stablecoins by staking their digital assets on the platform.

  • Initial Exchange Offerings (IEOs): MEXC has a platform called “Launchpad” that helps new projects raise funds through initial exchange offerings. Users can participate in these IEOs to acquire tokens of new projects before they are listed on the open market.

  • MX Token: MEXC has a native token under the ticker MX that gives users unique privileges and bonuses on the platform, similar to Binance and BNB.

  • Mobile App: MEXC offers a mobile app for both iOS and Android devices, enabling users to trade and manage their digital assets on the go.

  • Customer Support: MEXC provides multi-language customer support to assist users with their trading and account-related queries.

  • How to open an account?

    1. Visit the MEXC Global website and click on the “Sign Up” button to begin the registration process.

    2. Provide your email address and create a secure password for your account.

    3. Verify your email address by clicking on the link sent to your registered email.

    4. Complete the KYC (Know Your Customer) verification process by providing necessary personal information and supporting documents.

    5. Wait for the verification process to be reviewed and approved by the MEXC Global team.

    6. Once your account is verified, you can start trading and accessing the platform's features and services.

    How to open an account?

    Fee

    MEXC Global charges fees for trading, withdrawals, and other services. Trading fees follow a tiered structure based on a user's 30-day trading volume and MX token holdings, generally ranging from 0.1% to 0.06%. Withdrawal fees depend on the specific cryptocurrency and fluctuate with network fees.

    Futures trading fees also follow a tiered structure, similar to spot trading. Additional fees may apply for services like margin trading, staking, and lending. It's important to consult the MEXC Global website or contact their support team for the most up-to-date information on fees.

    Payment Methods

    MEXC Global offers multiple deposit methods for investors in over 170 countries with over 50 different fiat currencies. The primary deposit methods available on MEXC are:

    • Cryptocurrency deposits: Users can deposit various cryptocurrencies supported by MEXC into their respective wallets on the platform. Typically, users transfer cryptocurrencies from their external wallets or another exchange to their MEXC wallet address.

    • Fiat currency deposits: MEXC Global supports deposits in over 50 fiat currencies via bank transfers, SEPA, FPS, E-Wallets, ACH Transfer and many other methods.

    • Credit/debit card deposits: MEXC offers instant debit card and credit card deposits in any currency in all countries.

    • Keep in mind that deposit options may vary depending on the user's country, local regulations, and the platform's policies.

      Payment Methods

      Educational Resources

      MEXC Global offers a wide range of educational resources and tools to support traders in enhancing their knowledge and skills. These resources include trading guides, video tutorials, webinars, and market analysis. Through these materials, users can access valuable information about trading strategies, market trends, and analysis techniques, enabling them to make more informed trading decisions

      Educational Resources

      Is MEXC Global a Good Exchange for You?

      Analyzing the potential trading groups suitable for MEXC Global requires more information about the platform's features, services, and target audience. However, based on the limited information available, the following recommendations can be made:

      1. Beginner traders: MEXC Global may be suitable for beginner traders who are looking for a streamlined onboarding process with minimal information requirements. The platform's potential for a wide range of cryptocurrencies may also provide opportunities for beginners to explore different investment options.

      2. Experienced traders: While the information about MEXC Global is limited, experienced traders who prioritize security and reliability may consider using the platform, provided that it meets their specific needs and requirements.

      Conclusion

      In conclusion, MEXC is a cryptocurrency exchange platform founded in 2018. It is headquartered & registered as a company in Victoria, Seychelles and offers a wide variety of cryptocurrencies for trading, including Bitcoin, Ethereum, and 300 other altcoins. MEXC Global aims to provide a secure, reliable, and user-friendly trading experience for its users in over 170 different countries.

      The platform offers spot trading, margin trading, futures, staking, and other services to cater to the diverse needs of the cryptocurrency community. It has attracted users from around the world due to its wide range of available cryptocurrencies and advanced trading features.

      FAQs

      Q: Is MEXC Global regulated by any financial authorities?

      A: MEXC Global is unregulated, as there is limited information available about its registered country/area and regulatory authority.

      Q: What is the registration process on MEXC Global?

      A: The registration process on MEXC Global involves providing an email address, creating a secure password, verifying the email address, completing the KYC verification process, and awaiting approval from the MEXC Global team.

      Q: What type of traders is MEXC Global suitable for?

      A: MEXC Global may be suitable for beginner traders looking for a streamlined onboarding process, experienced traders prioritizing security and reliability, risk-tolerant traders comfortable with potential risks, traders seeking a variety of cryptocurrencies, and traders seeking quick onboarding.

      User Review

      User 1: I've been using MEXC Global for a few months now and overall, I'm pretty satisfied with it. The security measures seem decent with two-factor authentication and regular security audits. The user interface is clean and easy to navigate, making it simple to place trades. The variety of cryptocurrencies available is impressive and I've had no issues with liquidity. However, the customer support leaves much to be desired. It takes forever to get a response and sometimes they're not very helpful. The trading fees are also a bit confusing and could be more transparent. But all in all, it's a solid exchange.

      User 2: MEXC Global has been a mixed bag for me. On one hand, I appreciate the added security measures like encryption protocols and cold storage for funds. Plus, the customer support has been pretty responsive and helpful whenever I've encountered any issues. However, there are some downsides. The interface feels a bit clunky at times and could use some improvement for a smoother user experience. I've also noticed that the liquidity for some of the lesser-known cryptocurrencies can be a bit limited. Additionally, the trading fees are higher compared to other exchanges I've used. Overall, it's a decent exchange but there are definitely areas for improvement.

      Risk Warning

      Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.