Data reportTrust
Is MEXC safe? What the official record shows — and what it does not
We do not score safety. This report lists what MEXC’s official sources show, how that compares with 20 exchanges, and what we could not confirm.
Published byGrace Hsu
Data reviewed byJason Lee About us → Key takeaways
- MEXC’s proof-of-reserves report for September 2026 shows reserve ratios of BTC 297%, ETH 111%, USDT 119%. The report names Hacken as the verifying firm.
- MEXC runs the MEXC Guardian Fund. Its value was about $101M in September 2026.
- KYC: not required to trade.
- Security incidents: not confirmed — we record an incident history (or its absence) only from an official source, and none was found.
- Not available to residents of 12 countries and regions: Canada, China, Cuba, United Kingdom, Hong Kong SAR China, Iran, North Korea, Kazakhstan, Malaysia, Sudan, Singapore, United States.
01Reserves: BTC 297% · ETH 111% · USDT 119%
MEXC’s proof-of-reserves report for September 2026 shows reserve ratios of BTC 297%, ETH 111%, USDT 119%. It was published 2026-09-15. Reports are published monthly.
Users can check that their own balance is included with a Merkle-tree tool. The report names Hacken as the verifying firm.
A ratio above 100% means the reported reserves exceed the reported user balances for the covered assets. It is a snapshot published by the exchange itself.
Source: MEXC · 2026-09-15
02Protection fund: $101M
MEXC runs the MEXC Guardian Fund. Its value was about $101M in September 2026.
Source: MEXC
03How MEXC compares
Proof of reserves does not set MEXC apart: all 16 exchanges with confirmed data publish one. A user protection fund is recorded at 16 of 17.
| Item | MEXC | Across 20 exchanges |
|---|---|---|
| Proof of reserves | Yes | 16 of 16 confirmed |
| User protection fund | Yes | 16 of 17 confirmed |
| Licenses & registrations | Not confirmed | Median 2 (17 confirmed) |
| KYC required | No | 17 of 20 confirmed |
| Recorded security incidents | Not confirmed | Median 1 (10 confirmed) |
Source: CEX Compare, from official exchange sources (checked 2026-10-28) · Share of the 20 exchanges on this site with a confirmed value. No weighting and no overall verdict — see methodology.
04What we could not confirm
- Security incident history — no official statement was found either way. Claims that “MEXC has never been hacked” come from third-party sites, which we do not use as sources.
Figures checked 2026-10-06
05Fees in context
MEXC’s base spot taker fee is 0.050% — 1 of 20 exchanges charge less and 1 charge the same. Its futures taker fee is 0.020%, with 1 of 17 charging less.
Spot taker
20 of 20 confirmedFutures taker
17 of 20 confirmedSource: CEX Compare, from official exchange sources (checked 2026-10-28)
06Where MEXC is not available
MEXC’s terms of use list these prohibited countries and regions: Canada, China, Cuba, United Kingdom, Hong Kong SAR China, Iran, North Korea, Kazakhstan, Malaysia, Sudan, Singapore, United States.
Frequently asked questions
Does MEXC have proof of reserves?
MEXC’s proof-of-reserves report for September 2026 shows reserve ratios of BTC 297%, ETH 111%, USDT 119%. It was published 2026-09-15.
Does MEXC have a user protection fund?
MEXC runs the MEXC Guardian Fund. Its value was about $101M in September 2026.
Does MEXC require KYC?
No. MEXC does not require identity verification (KYC) to place orders.
Where is MEXC not available?
MEXC’s terms of use list Canada, China, Cuba, United Kingdom, Hong Kong SAR China, Iran, North Korea, Kazakhstan, Malaysia, Sudan, Singapore, United States as prohibited.
Every answer is generated from the values above and their official sources — nothing is added that the data does not show.
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About this report
This report is built only from the verified figures on this site. Every number links to an official source, and the data is reviewed by Jason Lee. It is information, not investment advice. About us →