What this exchange is
MEXC has run since 2018 and took the niche the other large venues avoid: coins arrive here months before Binance or OKX list them, and sometimes they never do. On spot pair count MEXC is among the top three on the market, with more than nineteen hundred.
For arbitrage that makes it indispensable in one specific case: a fresh listing almost always trades on MEXC before anywhere else, and the price dispersion in the first hours can be enormous.
The zero maker fee is the point
This is not marketing language but the actual tariff: a limit order that rests in the book and waits to fill costs nothing on MEXC. The taker rate is among the lowest on the market too.
The practical weight of this is hard to overstate. In triangular arbitrage three trades at the usual 0.1% cost 0.3% — more than any triangle yields. At a zero maker fee those same three trades cost nothing, and triangles worth hundredths of a percent become profitable. Of the six venues we poll, the working triangles today are almost exclusively on MEXC, and this tariff is exactly why.
The caveat is mandatory: zero applies to the maker. To use it your order has to rest in the book and wait. Hit "buy at market" and you are a taker paying the normal rate.
What it costs
The wide listing is both the strength and the main risk. Alongside normal coins there are pairs turning over a few thousand dollars a day. On those a single order moves the price tens of percent, and an "opportunity" in the book can be unfillable.
Hence the rule for MEXC: always look at volume and book depth, not just price. That is precisely why our pages show the maximum executable size next to every opportunity.
The second trait: coins arrive fast and leave fast. A project that goes quiet gets delisted, so holding a long-term position in an exotic coin here is a risk of its own.
Funding, withdrawals and P2P
The major networks are supported and fees are moderate — current figures per network are in the table above. Verification is not required for spot trading, but without it daily withdrawal limits apply.
MEXC has P2P, but it is noticeably smaller than Binance's or OKX's: in rarer currencies there may be no advertisements at all. For fiat funding it is a fallback rather than a main route.
Who it suits
Anyone trading with limit orders who counts fees — the zero maker decides it here. And anyone chasing new listings: coins rarely appear anywhere earlier. Not suited to long-term storage, or to anyone used to trusting price without checking volume.