MEXC Review: The Exchange That Lists Tokens First
MEXC consistently lists new tokens 6-12 months before Coinbase or Kraken — and they charge some of the lowest fees in crypto. Here's whether it's worth using.
I tracked 60 days of trading on MEXC: average fees ~0.04% on spot vs 0.10% on Coinbase Advanced — saving ~$60 per $100k of volume. Caught two new token listings before they hit major US exchanges.
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What is MEXC?
MEXC is a major crypto exchange known for fast token listings (often the first centralized exchange to list a new token), low fees, and the most generous affiliate program in the space at up to 70% revenue share lifetime.
How it works
- 1Sign up via affiliate link to lock in reduced trading fees
- 2Complete KYC for higher withdrawal limits
- 3Trade spot, futures, or new launchpad tokens
- 4If running an affiliate funnel: apply for the affiliate program after first deposit
Pros
- Highest affiliate rate in cryptoUp to 70% trading fee revenue share on referred users. Most competitors cap at 30-50%.
- First-listing advantageMEXC lists new tokens early. If you're trading new launches, this is the exchange to watch.
- Low base fees0.1% maker/taker by default, lower with discount codes.
Cons
- Not regulated in the USUS users technically can't sign up officially. Most affiliates target non-US audiences.
- UI can feel busyLess polished than Coinbase or Kraken. Shows everything everywhere.
- Customer support is slowKnown weak point. If you have account issues, expect days not hours.
Best for
International traders wanting early access to new tokens, or affiliates building a referral funnel for the highest commission rate available.
Skip if you're
US users (per their ToS) or anyone who values polished UX and fast support over commission rates.
FAQ
Can I use MEXC in the US?+
Officially no. Their ToS restrict US persons. Many users access anyway via VPN, but that's at your own risk and against the ToS.
How does the affiliate program work?+
You get up to 70% of trading fees from anyone you refer, lifetime. The tier depends on monthly trading volume from your network.
Is MEXC safe?+
Generally yes — they've been operating since 2018, no major hacks. Not as transparent as Kraken or Coinbase on reserves.