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Is MEXC a Good Crypto Exchange for Beginners?

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Is MEXC a Good Crypto Exchange for Beginners?

Updated: February 22, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Official MEXC
website Full MEXC
overview

Your capital is at risk.

MEXC's Top Features for Beginners

MEXC’s beginner-friendly features, such as a demo account, low minimum deposit, educational materials, copy trading, staking, a user-friendly mobile app, customer support, fiat deposit and withdrawal options, and low fees, were compared against the top two competitors to ensure a comprehensive evaluation.

	MEXC	OKX	Kraken
Demo account
Minimum deposit, USD or USDT		10	10
P2P exchange
Spot maker fee		0,08	0,25
Fiat transactions
Bank cards
Commissions and fees	8.45	9.25	6.2
Educational tools
Crypto bonuses
Staking
Copy trading
	Open an account Your capital is at risk.	Open an account Your capital is at risk.	Open an account Your capital is at risk.

Why We Focused on Comparing These Beginner-Friendly Features:

Demo account – Allows beginners to practice trading without risking real funds, helping them gain confidence and understand the platform.

Minimum deposit, USD or USDT – Ensures low entry barriers, making it affordable for newcomers to start trading with a small initial investment.

P2P exchange – Enables direct cryptocurrency trading between users, often with no intermediaries, providing a straightforward and accessible way to trade.

Spot maker fee – Highlights competitive trading fees for placing limit orders, which is cost-effective for those starting with spot trading.

Fiat transactions – Simplifies the process of depositing and withdrawing funds using local currencies, making it convenient for first-time users.

Bank cards – Provides an easy and familiar way for beginners to fund their accounts quickly using Visa or Mastercard.

Commissions and fees – Transparent and competitive fee structures help beginners calculate costs and avoid unexpected charges.

Educational tools – Tutorials, webinars, and guides equip beginners with the knowledge needed to trade confidently and effectively.

Crypto bonuses – Offers incentives like signup rewards or deposit bonuses, encouraging newcomers to explore trading.

Staking – Allows beginners to earn passive income on their holdings, introducing them to advanced cryptocurrency features with minimal effort.

Copy trading – Lets new traders learn by replicating the strategies of experienced traders, reducing the learning curve.

Short summary about the broker MEXC

The MEXC cryptocurrency exchange (MEXC.com) has been operating since 2018. The company is registered in Singapore, which is a loyal digital asset jurisdiction. The platform offers clients trading and P2P exchange services. The main specialization of the trading platform is to provide clients with crypto/crypto trading services with currencies such as Bitcoin (BTC), Ethereum (ETH), and Tether USD (USDT). The undoubted bright side of the platform is access to cryptocurrency ETF funds.

💰 Account currency:	USD, cryptocurrencies
🚀 Minimum deposit:	From USD 1
⚖️ Leverage:	Up to 1:10 (for some pairs)
💱 Spread:	Market
🔧 Instruments:	Cryptocurrencies
💹 Margin Call / Stop Out:	No

MEXC Pros and Cons

👍 Advantages of trading with MEXC:

•120+ cryptocurrencies for trading;

•receive additional income through staking and holding;

•an affiliate program with income up to 80% of the deposit of the invited trader.

👎 Disadvantages of MEXC:

•withdrawal fees (0.0005 BTC for Bitcoin);

•lack of support for fiat currencies for trading;

•no MAM or PAMM accounts;

•mandatory verification.

Trading Conditions for MEXC Users

Before you start working with an exchange, it is important that you evaluate its trading conditions. MEXC offers traders the following conditions.

Minimum deposit, USD or USDT
Futures leverage	125
Spot leverage	5
Coins Supported	2276
Affiliate program
Replenishment / Withdrawal	Cryptocurrencies (you can also buy cryptocurrency through a P2P platform)
Trading features	Investment programs are available
	Open an account Your capital is at risk.

MEXC's Fees

We compared XXX's fees with the top two competitors to provide a clear understanding of how affordable the exchange is for its users.

	MEXC	OKX	Kraken
Spot Taker fee, %	0,05	0,1	0,4
Spot Maker fee, %		0,08	0,25
Futures Taker fee, %	0,02	0,05	0,05
Futures Maker fee, %		0,02	0,02
Withdrawal fee	0,0003 BTC	0,0004 BTC 2,6 USDT	0,0005 BTC

The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of MEXC commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.

Information

The experts at Traders Union analyzed the policy of commissions of the MEXC.com cryptocurrency exchange. The platform offers commission starting from 0.02%. There are also withdrawal fees on the platform. Deposits and withdrawals are carried out only using cryptocurrencies, and each type of digital asset has its own commissions and limits.

Account type	Spread (minimum value)	Withdrawal commission
Standard	0.02%	Yes

Investment programs of MEXC

It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. MEXC offers the following passive income options.

The MEXC exchange offers traders two types of investment instruments. Users can earn additional income by simply storing cryptocurrencies in their e-wallet, called holding. Staking is also provided on the platform. Unlike holding, here it is necessary to freeze coins for a certain period before the interest rate is calculated.

Holding cryptos at MEXC promotes favorable conditions for 9 types of cryptocurrencies

Holding via the MEXC investment program allows the receipt of interest for storing cryptocurrencies or tokens in the wallet. However, traders can freely dispose of these assets. The interest rate is charged on the balance of assets every day during which one or another cryptocurrency or token is stored in your account. The program covers nine types of digital assets:

Helmetinsure (HELMET);
PancakeSwap (CAKE);
Beacon ETH (BETH);
Kusama (KSM);
MDX Token (MDX);
Polkadot (DOT);
Dash (DASH);
ChainX (PCX);
Tether USD (USDT).

The Holding Program for USDT is developed directly by MEXC for clients who store USDT in a cryptocurrency exchange wallet. The return on MEXC investment programs varies depending on the instrument chosen. For example, for HELMET, it is 8.88% per annum, for USDT, it is 1.88%.

Staking at MEXC: A special offer for investors

The MEXC broker also offers customers and additional income through staking. In this case, users need to freeze a certain number of coins for a certain period. Within this period, interest is charged on the saved digital assets. Assets cannot be disposed of until the staking period expires. As soon as the freeze period ends, the platform pays the amount + interest.

MEXC staking can be carried out with the following types of digital assets:

Bitcoin (BTC);
Ethereum (ETH);
Tether USD (USDT);
EOS (EOS);
Polkadot (DOT);
Kusama (KSM).

The interest rate for each type of digital asset is also different. For example, for BTC and ETH, it is 4.00% per annum, for USDT, it is 6.88% per annum. The freeze period is also different. For example, for BTC, the minimum freeze period is 15 days, for ETH, it's 7 days.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

MEXC’s affiliate program

Classic affiliate program. Cryptocurrency exchange clients can promote services through a referral program. To do this, you can get a referral link in your account.

The company charges a fee for registration and account replenishment by an affiliate. MEXC.com pays customers up to 80% of the affiliate's replenished amount.

Conclusion. Is MEXC good for beginners?

The MEXC cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, MEXC could be considered as a good cryptocurrency exchange for a start.

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FAQ

What do I need to know about the fees charged by cryptocurrency exchanges?

The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.

How do I choose a reliable cryptocurrency exchange?

Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.

How many cryptocurrencies could a crypto exchange offer?

The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.

What are the risks of investing in cryptocurrencies?

Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.