CEX PROOF OF RESERVES SEYCHELLES REGISTERED MULTIPLE JURISDICTIONAL RESTRICTIONS (DE/UK/AU ACTIVE)

MEXC review

Name: MEXC Review 2026: Fees, Safety & Features
Item: MEXC
Rating: 4.2
Author: BanksForCrypto Editorial Team

Broad altcoin listing (1700+); offshore model with material regulatory friction in major Western markets

Open MEXC Account ↗ Methodology

PUBLISHED 28 MAY · UPDATED 28 MAY · 8 MIN READ

The verdict

4.2 / 10 · SKIP

MEXC offers one of the broadest altcoin rosters of any centralised exchange (1700+ trading pairs) at competitive fees. The trade-off is regulatory friction: Germany BaFin issued a December 2024 order against MEXC for operating without authorisation; the UK FCA has issued warnings; Australia AUSTRAC has investigated AML compliance. KYC requirements remain looser than top-tier exchanges. Users should treat MEXC as a transaction venue for altcoin access, NOT as a long-term custody venue, and verify legal availability in their jurisdiction.

◆ BUY IT IF

Among the broadest altcoin rosters available on any CEX
Aggressive new-listing pipeline benefits early-token traders
Low fees with promotional zero-fee periods on select pairs
Futures markets with high leverage available

◇ SKIP IT IF

Germany BaFin December 2024 order: MEXC operating without authorisation in Germany
UK FCA consumer warnings
Australia AUSTRAC AML investigations
KYC requirements have historically been lighter than top-tier exchanges

§ 01 SCORE BREAKDOWN

Seven axes, weighted.

DIMENSION WEIGHT RATING SCORE

Regulatory safety

Seychelles legal domicile. NOT authorised by US SEC/CFTC/FinCEN (US persons excluded). German BaFin December 2

2×

3.0

Trading fees

Maker undefined% · Taker undefined%

1.5×

8.0

Coin selection

1700 coins supported

1×

10.0

Liquidity

CEX — order-book depth

1×

6.0

User experience

1×

7.0

Security

Publishes Proof of Reserves

1.5×

5.0

Support

0.5×

4.0

§ 02 SPECIFICATIONS

Everything, in one table.

Regulation

Regulatory status: Seychelles legal domicile. NOT authorised by US SEC/CFTC/FinCEN (US persons excluded). German BaFin December 2024 order finding MEXC operating without German authorisation; UK FCA consumer warnings; Australia AUSTRAC AML investigations. Verify current legal availability in your specific country before signing up.
KYC required: Yes
Proof of Reserves: Yes
Founded: 2018
Type: CEX

Fees

Maker fee: undefined%
Taker fee: undefined%
Withdrawal fee: Network fee + small flat fee depending on currency

Trading

Spot trading: Yes
Futures trading: Yes
Margin trading: Yes
Copy trading: Yes
Supported coins: 1700

Other features

Earn / staking: Yes
Debit card: No
Fiat on-ramp: Yes

Reviewed by Stephan Kulik · Last updated: 2026-05-28 · How we rank

§ 03 FAQ

Frequently Asked Questions

Is MEXC safe to use? +

MEXC Seychelles legal domicile. NOT authorised by US SEC/CFTC/FinCEN (US persons excluded). German BaFin December 2024 order finding MEXC operating without German authorisation; UK FCA consumer warnings; Australia AUSTRAC AML investigations. Verify current legal availability in your specific country before signing up.. The platform publishes proof of reserves.

What are MEXC's trading fees? +

MEXC charges undefined% maker fee and undefined% taker fee. Promotional zero-fee periods commonly available; MX-token discounts; futures have separate fee schedule

How many coins does MEXC support? +

MEXC supports 1700 coins and tokens. Spot trading is available. Futures trading is also supported.

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