Confirmed Scam Exchange Scam Exchange, Poor server quality (6000+ ms ping). tested the suspicion that they bet against you when using leverage and confirmed by using over 50 test orders on various coins while comparing the price to other exchanges simultaneously, tested coins that follow BTC price before during & after BTC dumps. Coins would do a complete 180 from your positions whether it be long or short so I thought I would place 2 opposing positions & the prices would go stagnant regardless of the coin it was done with. Would execute shorts when the price was over 5% variation rendering limit order's & TP/SL's useless & completely ignoring set buy price forcing liquidation's instantly. Going by the issues people have with withdrawals I don't trust them at all so spot trading and holding assets long term is out of the question completely. Don't waste your time, money or mental wellbeing. I thought I was going crazy until I spoke to others who had the exact same experience.

Future trading is a scam!! Future trading is terrible, I wanted to place an order, all of a sudden my laptop crashed and two instead of one orders were placed with only one second in between (which is not even possible to do manually since there is a message which you have to accept before placing an order), the orders placed were with maximum leverage (I wanted to place one order with 10 x leverage not 200 x) and more money than I intended. After this I went to the customer support but instead of replying to my problem they kept saying it is not possible that this happened since we have an extra step asking whether you really want to place the order so your account must be hacked' but exactly that response shows that it is not possible that two orders were placed within one second!! DON'T DO FUTURE TRADING WITH MEXC THEY WILL SCAM YOU!!! So far no problems with spot trading

One of the worst sites ever to use One of the worst sites ever to use, DO NOT USE. THEY WILL USE ONE OF MULTIPLE WAYS TO PREVENT YOU FROM WITHDRAWING. These people should be in jail and will be eventually

My experience My experience: I saw bad reviews about MEXC but I gave it a try due to the low fees. Some weeks I was successful with spot trading on MEXC. Then one day after waking up I saw that MEXC put my account under risk control: Trading and withdrawl my money is not possible during the next 30 days. Customer support is friendly as always but they only tell me to be patient and wait for the results in 30 days. It‘s my money but MEXC don‘t let me take out my money. Imagine you put money on an exchange and you‘re not able to take your money out whenever you want! Such actions as MEXC does don‘t create a safe feeling for crypto community! Update after 30 days of risk control: The risk control was lifted today. They didnt communicated why this happened, but today they lifted the risk control and I was able to withdraw my money. So I switched from one star to 3 stars.

DISASTROUS exchange: NOT RECOMMENDED For me MEXC has been catastrophic due to "risk-control" triggering so often that it is BARELY-USUABLE. Even for transaction as small as $50 my account got frozen repeatedly and was unable to withdraw or buy. Customer support just sends me links to pages for me to read but apologizes saying they can't tell me exactly what I am doing wrong to cause this risk-control triggering. Stay away! Oh, and to "unfreeze" an account MEXC asks you for a 3-month statement! Even though one has made a purchase on that same very day!