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!

Don’t bother using MEXC .com Very very difficult exchange to do business with. Very very difficult to send money to despite using the designated reference number they give you for the actual payment transfer. Sent £1000 to them via wise bank transfer, got confirmation it was received by them within 2 hrs yet they failed to find my funds for 10 days so far. After totally exhausting back and forth emails they found my funds but still haven’t allocated them and I’ve had an account fully KYC verified yet still they are asking for photo of me holding my license and a full bank statement and a hand written letter stating I’m not money laundering etc ‼️ OH MY GOD ‼️ talk about make life difficult for us. I am happy to promote uphold, coinbase, kraken etc as far easier to do business with

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.

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.

So many red flags on this "exchange". Stay away. First and foremost, I instantly got bombarded with Android notifications from this app despite them all being turned off. And then there's the constant popups in the app, which are also unable to be turned off. KYC is almost impossible to do, every time the documents get rejected because of "poor quality image" which is nonsense. The photos were very clear and everything was perfectly readable. Customer support was extremely unprofessional, they talk like an 8 year old kid. Finally I managed to get KYC'd, and tried to deposit EUR to my account. As expected, I never received it. Customer support is also no help, keeps making excuses and asking for more personal information. After I finally received my fiat, and wading through the forest of never ending popups, I managed to buy some assets. Then I tried to withdraw them. Guess what? For "safety" reasons they are locking withdrawals for 5 days after purchasing crypto. Yeah, this exchange is a huge scam. Let this be a warning to everyone else.