MEXC Review in 2026

In short: who MEXC is for

MEXC is an exchange for those chasing altcoins and low fees. It has the largest coin selection among the popular exchanges (2,500+), frequent early listings of new projects and some of the lowest fees on the market. Not the best choice as a beginner's only exchange, but an excellent addition.

Specifications

Parameter	Value
Spot fee	0–0.05%
Futures fee (taker)	~0.01–0.04%
Number of coins	2500+
P2P for the CIS	Good
KYC	More lenient than top exchanges
Security	2FA

Pros and cons

What makes up the 4.3 rating

We rate exchanges across five criteria (methodology — CryptoChoice Score):

• P2P for the CIS — 4.0. The P2P market exists and works with rubles, hryvnias and tenge, but there are fewer listings and less liquidity than on Bybit or OKX. For a one-off deposit it's fine; for large amounts the choice of sellers is more modest.
• Usability — 4.0. The interface and app are generally clear and there's English localization, but with thousands of trading pairs and an abundance of features, a beginner can easily get lost. Support responds more slowly than at top exchanges.
• Reliability — 4.0. The exchange has operated since 2018, uses 2FA and publishes Proof of Reserves. There have been no major public hacks with losses of customer funds, but its history is shorter and there is less transparency than with the market leaders.
• Fees — 5.0. Among the lowest fees on the market: spot 0–0.05%, often 0% maker via promo, futures 0.01–0.04%. On trade cost, MEXC is among the leaders.
• Coin selection — 5.0. 2,500+ coins and some of the earliest listings of new projects. If a rare altcoin isn't on MEXC, it's probably not on any of the major exchanges.

Registration and verification (KYC)

Opening a MEXC account takes only a couple of minutes and needs just an email or phone number. The exchange has historically been known for lenient verification, letting users do basic crypto trading without full KYC. However, those rules are tightening, and identity confirmation may now be needed for P2P or larger withdrawals.

Registration takes a couple of minutes — you need an email or phone number. Historically, MEXC stood out for its lenient verification requirements: basic crypto-to-crypto trading could long be done without full KYC, which made the exchange popular with those who value privacy.

To be honest: KYC rules across the crypto market are tightening, and MEXC is no exception. Verification requirements have changed over time and continue to change — for P2P, higher withdrawal limits and some features, identity confirmation may already be required. Don't count on the exchange staying "no KYC" forever: check the current requirements directly on the exchange before moving large amounts in.

How to buy USDT on MEXC via P2P — step by step

To buy USDT on MEXC, open the P2P section, choose "Buy USDT" and pick your currency (RUB, UAH or KZT). Select a well-rated seller, create an order so their USDT is frozen in escrow, send the payment by the listed method, mark it paid, and the seller releases the coins to you once they confirm receipt.

For a user from the CIS, P2P is the main way to deposit fiat. The principle is the same as on other exchanges:

1. Open the P2P section → "Buy USDT" and select a currency (RUB, UAH or KZT).
2. Filter by payment method — SBP or bank card (Russia), PrivatBank/Monobank (Ukraine), Kaspi (Kazakhstan).
3. Choose a seller with a high rating and the amount you need, then create an order — the seller's USDT is immediately frozen in the exchange's escrow, so they can't "disappear" with the money.
4. Transfer the money directly to the seller using the specified method and click "Paid".
5. The seller confirms receipt — the USDT is released from escrow to you. If they stay silent, open a dispute and support resolves it in your favor as long as you have a payment receipt.

Safety rules: communicate only inside the exchange, don't write the words "crypto"/"USDT" in the transfer description, and check that the recipient's name matches the one in the order. More details in the guides "What is P2P" and "How to check a P2P merchant".

Minimal fees and thousands of altcoins

These are the two main reasons people keep MEXC. First, fees: spot often offers 0% maker via promo, and overall the fees are among the lowest on the market. If you trade a lot, that adds up to noticeable savings over time. Second, coin selection: 2,500+ trading pairs and some of the earliest listings of new projects. Many tokens appear on MEXC earlier than on Bybit or Binance.

But honestly about the risk: among the thousands of coins there are a great many low-liquidity and outright risky projects. A wide selection is no reason to buy everything in sight. An early listing on its own guarantees nothing: it's easy to crash the price of a little-known token, and liquidity may not be enough even for a normal exit from a position. Use MEXC's opportunities deliberately — for specific coins you understand, not "on the hype".

MEXC fees — breakdown

MEXC has some of the lowest fees on the market. Spot trading runs from 0% to 0.05%, and the maker side is often 0% via promo. Futures cost 0.01% maker and 0.04% taker, while buying through P2P is usually free. Crypto deposits are free aside from the network fee, and withdrawals carry a fixed network charge.

Operation	Fee
Spot (maker / taker)	0–0.05% (often 0% maker via promo)
Futures (maker / taker)	0.01% / 0.04%
P2P for the buyer	Usually 0%
Crypto deposit	Free (you only pay the network fee)
Crypto withdrawal	Fixed network fee (depends on the coin and network)

Verified in June 2026. Rates and promos change — check in your MEXC account. It's cheaper to withdraw on the TRC-20 network.

Deposits and withdrawals

The simplest way to fund MEXC from the CIS is P2P, buying USDT for rubles, hryvnias or tenge. If you already hold crypto, transferring USDT directly from another wallet or exchange is faster and saves a step. To cash out, you sell USDT back to fiat via P2P and receive the money to your card or bank account.

The main method for the CIS is P2P (fiat ↔ USDT). An alternative is a crypto transfer from another wallet or exchange: if you already have USDT, it's easier to deposit it directly and save time. Withdrawing to fiat also goes through P2P: you sell USDT for rubles/hryvnias/tenge and receive the money to a card or account. Step by step in the guide "How to withdraw cryptocurrency to fiat".

Security

MEXC protects accounts with two-factor authentication and publishes Proof of Reserves, showing that user assets are backed by reserves. It has had no major public hacks costing customers their funds. As with any exchange, the safest approach is to enable 2FA and keep large, long-term holdings in your own wallet rather than on the platform.

MEXC uses two-factor authentication (2FA) and publishes Proof of Reserves — confirmation that user assets are backed by reserves. The exchange has had no major public hacks with losses of customer funds. That said, the general rule doesn't change for any exchange: large amounts are safer kept in your own wallet, leaving on the exchange only what you actively trade. Be sure to enable 2FA and don't keep long-term savings in your trading account.

Who MEXC is for — and who it isn't

It's worth choosing if you hunt for altcoins and early listings, want minimal fees and keep MEXC as a second exchange for specific coins. It's worth looking for an alternative if you're a beginner and need one convenient all-in-one exchange with strong P2P and English-language support — then Bybit is simpler. If you need an even larger selection of coins and directions, take a look at Gate.io. In practice, many people keep a combo: Bybit for fiat deposits and basic trading plus MEXC for rare altcoins.

Bottom line

MEXC is a strong second exchange for those who trade altcoins and value minimal fees. The main advantages are the lowest fees and a huge selection of coins with early listings. The main caveats are a more modest P2P, weaker support than top exchanges, and an abundance of risky small-cap tokens that requires discipline. For depositing rubles/hryvnias/tenge via P2P, Bybit is more convenient, while MEXC is best kept for rare coins and cheap trades. In such a combo, the exchange shines best.

Frequently asked questions

Is it true that MEXC has a 0% fee?

Spot often offers 0% maker via promo, and overall fees are 0–0.05%, among the lowest on the market. Futures are 0.01–0.04%. Promos and rates change; check the current values in your MEXC account.

Is verification (KYC) required on MEXC?

Historically, MEXC had lenient KYC requirements for basic crypto trading, but the rules are tightening. Verification may be required for P2P and higher withdrawal limits. Check the current requirements directly on the exchange.

Is it worth buying rare altcoins on MEXC?

The coin selection is huge (2,500+), but many of them are low-liquidity and risky. A wide range is no reason to buy everything in sight: understand the specific project and remember the risk of a price crash and a lack of liquidity on the way out.

Is P2P on MEXC convenient for rubles and tenge?

P2P works with RUB, UAH and KZT and is suitable for a one-off deposit, but there are fewer listings and less liquidity than on Bybit or OKX. For large amounts or the most convenient P2P, many people choose Bybit.

Want to compare MEXC with other exchanges? Take a look at the general crypto exchange comparison.