MEXC
Offshore centralized crypto exchange for spot and futures trading that does not serve US users.
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MEXC key facts
| Category | Crypto exchange |
|---|---|
| US availability | Not available (US is a prohibited jurisdiction) |
| Trading fees | 0% maker / 0.05% taker |
| Custody | Custodial |
Not verified yet: simple buy fee, debit card purchase, coins available (us), staking (us), us licenses, self-custody wallet. We add a value only after checking it on MEXC’s own pages.
What is MEXC?
MEXC is a centralized crypto exchange offering spot and futures trading. Its User Agreement, last updated 29 May 2025, lists the United States, Canada, the United Kingdom and Mainland China among jurisdictions where it does not provide services or accept registrations.
How MEXC works
MEXC matches spot orders on its own books and runs two futures products.
USDT-M futures settle in USDT, and Coin-M futures settle in the underlying coin, such as BTC or ETH. Both offer isolated or cross margin and have no limit on holding time. MEXC advertises up to 500x leverage on USDT-M pairs. Positions cannot be converted between the two types; you close one and reopen in the other.
How to start with MEXC
- The User Agreement, last updated May 29, 2025, requires identity verification: name, address, date of birth and nationality, plus a photo of you holding your ID.
- Documents must be in English or come with a notarized translation.
- The same agreement lists the United States as a prohibited jurisdiction, along with Canada, the United Kingdom, Mainland China, Hong Kong, Singapore and Malaysia, so US residents cannot legally register.
MEXC fees and limits
- MEXC's fee guide lists spot at 0% maker and 0.05% taker, and futures at 0% maker and 0.02% taker.
- Holding MX in the futures account gives a 20% discount on trading fees.
Unfilled and canceled orders are free. MEXC notes that rates can differ by country, region and pair, and that some perpetual pairs have volume tiers.
Risks to know before using MEXC
- If MEXC decides a user gave a false location, the agreement lets it terminate the account at once and liquidate open positions.
- It also says MEXC keeps full custody of assets and user data when an account is suspended or closed in a fraud or legal investigation, and that it may turn them over to authorities.
MEXC alternatives
Other exchanges US customers compare with MEXC.
Crypto trading inside the Robinhood app, commission-free by default with an optional exchange-routing mode.
Multi-asset platform for crypto, fiat and precious metals, priced with a spread instead of a commission.
Centralized crypto exchange for spot, margin and futures trading that does not accept US citizens or residents.
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US exchange run separately from Binance.com, with low order-book fees but limited state coverage.
Austrian investment app for crypto, stocks, ETFs and metals that does not accept US citizens or residents.
MEXC pros and cons
- Spot and futures trading on one account
- MX token can be used to deduct trading fees
- User Agreement bars US residents from registering
- Also excludes Canada and the United Kingdom
- No US state licenses listed
MEXC FAQ
What is MEXC?
MEXC is a centralized crypto exchange offering spot and futures trading. Its User Agreement, last updated 29 May 2025, lists the United States, Canada, the United Kingdom and Mainland China among jurisdictions where it does not provide services or accept registrations.
Is MEXC available in the US?
Not available (US is a prohibited jurisdiction), according to MEXC’s own page (checked Sep 26, 2026).
What are MEXC’s trading fees?
At the lowest volume tier: 0% maker / 0.05% taker. Higher-volume traders pay less.
Does MEXC hold my crypto?
MEXC is custodial: it holds the keys to your balance. To hold your own keys, withdraw to a self-custody wallet.
Sources
How this page works
Sources: MEXC: official site, MEXC: User Agreement, MEXC: Fees explained. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.