Introduction
MEXC Global (commonly known as "Matcha Exchange") is not a scam, but fraudulent actors frequently exploit its reputable name. Users gravitate toward MEXC for its ultra-low fees and extensive cryptocurrency offerings. However, concerns about exchange collapses or scams persist. This guide explores MEXC’s background, security measures, and unique features to help you make an informed decision.
MEXC Global Exchange Overview
MEXC Global, founded in 2018 (originally as MXC), rebranded in 2021 and operates under Singapore-based management. With 30 million users across 170+ countries, it ranks among CoinGecko’s top 10 safest exchanges. No incidents of insolvency or fraudulent activity have been reported to date.
Key Metrics
| Category | Details |
|---|---|
| Tradable Assets | 1,500+ (BTC, ETH, ADA, Doge, etc.) |
| Fee Structure | Spot Maker/Taker: 0.05%; Contract Maker: 0.01%; Taker: 0.04% |
| Platform Token | MX (holders enjoy 50% fee discounts) |
| Deposit Methods | Crypto transfers, credit cards, P2P |
👉 Trade on MEXC with zero security concerns
Is MEXC Secure?
Regulatory Compliance
MEXC holds licenses from:
- Estonia (MTR, 2019)
- U.S. MSB (2020)
- Australia (AUSTRAC, 2020)
- Canada (MSB, 2020)
- Switzerland (VQF, 2020)
Reserve Transparency
MEXC publishes 100%+ reserve ratios for major cryptocurrencies (e.g., BTC, ETH), ensuring solvency during mass withdrawals. Real-time data is available via DeFiLlama’s dashboard.
Common MEXC-Related Scams
Phishing Emails/SMS
- Fake alerts urging "account upgrades" or "risk controls."
Fake Websites/Apps
- Mimicked login pages stealing credentials.
Impersonated Support
- Telegram/Line scammers requesting remote access or 2FA codes.
Prevention Tips:
- Only use https://www.mexc.com/ (bookmark it).
- Never share passwords or validation codes.
MEXC’s Competitive Edge
1. Industry-Low Fees
- Spot: 0.05% (both sides)
- Contracts: 0.01%/0.04% (MX holders get 10% discounts).
2. Largest Altcoin Selection
- 1,700+ coins (4.7× Binance’s offering) for high-risk/high-reward traders.
3. Daily Giveaways
- Trade contracts to win 34 USDT or split 30,000 USDT prize pools.
👉 Start trading with MEXC’s fee advantages
MX Token Utility
- Fee Discounts: 10% off contract fees.
- Airdrops: Hold MX to earn "Sunshine Rewards" (~44.76% annualized yield).
FAQ
Q: How to deposit funds into MEXC?
A: Buy USDT via local exchanges (e.g., MAX/XREX) and transfer to MEXC.
Q: What makes MEXC unique?
A: Ultra-low fees, vast altcoin options, and robust security.
Q: How to report scams?
A: Submit verified evidence to MEXC’s support and local authorities within 48 hours.
Final Thoughts
MEXC combines affordability, diversity, and regulatory compliance—ideal for active traders. Always verify URLs and enable 2FA to mitigate risks.
Need a secure alternative? 👉 Explore OKX’s trusted platform