MEXC Review: Fees, KYC, local currency and P2P
A review of MEXC, one of the leading crypto exchanges. Rates for popular trading pairs and crypto trading tools: spot trading, P2P. The exchange's trading fees and limits.
24h volume, $
1,547,499,016
Liquidity score
756
Fiat on-ramp
Maker
0%
P2P trading with local currency on MEXC
MEXC supports a P2P market with local currency (AED). local users can buy and sell USDT for local currency through local banks and the instant bank transfers instant payment system without a VPN.
AED support
local banks, instant bank transfers, AdvCash
Zero P2P fee
0% (periodic cashback promotions)
Available without KYC
P2P and spot work at the basic level
Speed
A trade takes a couple of minutes
KYC and verification on MEXC
MEXC is one of the few major exchanges that remains fully functional without verification. KYC is required for futures, Earn and higher limits:
LevelRequirementsAccess/limits
No KYCEmail/phoneSpot, P2P, withdrawals up to ~10 BTC/day
Full KYCPassport + selfieFutures up to 200x, Earn, Launchpad, withdrawals up to 200 BTC/day
Reviews and verdict: is MEXC worth using?
Pros
- Works in your country without a VPN, local-currency P2P with a 0% fee
- You can trade without full verification (spot, P2P)
- Among the lowest fees on the market — 0% spot maker
- A huge selection of altcoins and the earliest listings
- Futures with leverage up to 200x
Cons
- Futures, Earn and higher limits require KYC
- Many illiquid «exotic» tokens — slippage risk
- High leverage (up to 200x) increases liquidation risk
Bottom line: MEXC is a convenient exchange for local users: commission-free local-currency P2P, low fees and the ability to start without KYC. Ideal for hunting early listings. Keep in mind the risk of illiquid altcoins and high leverage.
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