MEXC
Centralized exchangeA global exchange focused on futures and new listings, with no disclosed licence in a major market.
- Spot fee
- 0% / 0.05%
- 0.025% taker holding 500+ MX
- Coins with a halal verdict
- 4
- of those listed here
- Available in
- 13 of 20
- countries we track
- Checked
- Sep 27, 2026
Reliability
4.7/ 10
Monthly Hacken-verified proof of reserves, but no disclosed licence and a VARA fine in 2026.
Score updated
- Proof of reserves8.0
- Licences1.0
- Incident history5.0
- Segregation of funds2.0
- Insurance fund8.0
- Security practices4.0
Liberandum halal verdict
Not suitable
Not recommended: no major licence and a 2026 fine in Dubai; if used, spot only in halal coins.
Use
- Spot trading only
- Coins rated halal on Liberandum
Avoid
- Futures, margin, leveraged tokens
- Earn, Savings, Launchpool
More details
MEXC offers spot trading with full settlement and publishes monthly proof of reserves, but it holds no disclosed licence in any major jurisdiction and was fined by Dubai's VARA in June 2026 for serving Dubai customers without a licence and without required KYC. Its reliability score of 4.7 is below our threshold, so we do not recommend it for Muslim investors. Spot trading on MEXC settles immediately, which meets the AAOIFI requirement of immediate exchange (Shariah Standard No. 1 and No. 20). A large part of the platform is built around products that fail these standards: perpetual futures, margin, leveraged ETF tokens, copy trading of futures, and Earn/Savings products that pay a fixed or variable yield on deposits (riba). MEXC has no Islamic account, no Shariah-certified product and no Shariah screening of its catalogue of several thousand tokens, many of them small, speculative listings. Reliability is the deciding factor. On the positive side, MEXC publishes monthly proof of reserves with a Merkle tree, verified by the security firm Hacken; the September 2026 snapshot (10 September) reported about 297% for BTC and 111-119% for ETH, USDT and USDC. It also discloses the on-chain addresses of a Guardian Fund (announced at USD 100 million, planned to reach USD 500 million) and reports a futures insurance fund of about 791.7 million USDT as of September 2026. On the negative side, MEXC's own pages disclose no licence; its User Agreement does not name the operating entity and says nothing about segregation of client assets, while reserving broad rights to freeze accounts. Dubai's VARA issued an investor alert on 5 March 2026 and a notice of fines on 22 June 2026, finding that MX Global LTD served Dubai customers without a licence from 2022 to April 2026 and onboarded users without meeting KYC obligations. From July to October 2025 MEXC froze about USD 3 million of one trader's funds, releasing them on 31 October 2025 with a public apology after criticism; other users reported similar freezes. No major hack of the exchange was found. MEXC does not serve residents of the United States, the United Kingdom, Canada, Malaysia, Kazakhstan, Singapore, Hong Kong, mainland China and sanctioned countries (User Agreement, May 2025). With a reliability score of 4.7 out of 10, the rule for this content fill classifies it as not recommended. A user who still holds assets there should keep to spot trading of coins rated halal on Liberandum and withdraw to self-custody.
AI-generated analysis for informational purposes only. Not a religious fatwa, legal advice, or financial recommendation. Full disclaimer
The halal analysis provided by Liberandum is generated using artificial intelligence and publicly available data sources. All results are for informational purposes only and do not constitute a religious fatwa, legal advice, or financial recommendation.
Liberandum is not responsible for any inaccuracies, data delays, or misinterpretations arising from third-party information. Users are strongly advised to independently verify all critical information and consult qualified Islamic finance experts when necessary.
How to use MEXC the halal way
What is allowed and what to avoid on this exchange
- Allowed
Spot
Both sides settle at once
- Allowed
Convert
Instant swap, settles like spot
- With care
Staking
No Shariah-certified staking
- Avoid
Savings and Earn
Fixed or variable yield on deposits
- Avoid
Margin
Trading with borrowed money
- Avoid
Futures and options
Perpetual futures, leveraged tokens
- Avoid
Loans
Borrowing on interest
- Avoid
Structured products
Fixed return, not certified
No dedicated halal product
MEXC offers no Islamic (swap-free) account and no Shariah-certified earn or staking product as of September 2026. Its Earn and Savings products pay yield on deposited assets and should be avoided.
No token screening
MEXC does not screen listed tokens for Shariah compliance. It lists several thousand tokens, including many small and speculative ones; its listing review is not a Shariah screen. Check each coin on Liberandum before buying.
Step by step
How to trade halal on MEXC
Check that MEXC may serve you
MEXC does not accept users from the US, UK, Canada, Malaysia, Kazakhstan, Singapore, Hong Kong and sanctioned countries, and Dubai's regulator has ordered it to stop unlicensed activity there. If a licensed exchange is available in your country, prefer it.
Register and complete full KYC
Sign up, enable two-factor authentication and complete identity verification (ID and selfie) before depositing, so withdrawals are not limited or frozen later.
Fund the account without interest products
Deposit crypto from another wallet, or use Buy Crypto (P2P or card through third-party providers). Do not move funds into MEXC Earn, Savings or Launchpool products that pay yield on deposits.
Trade only on Spot
Use the Spot section with full settlement. Do not use Futures, Margin, leveraged ETF tokens, Copy Trade of futures or any product with borrowing or leverage.
Check each coin on Liberandum
MEXC lists thousands of tokens with no Shariah screening. Before buying, check the coin's halal status on Liberandum and avoid meme and gambling-related tokens.
Withdraw to self-custody
After buying, withdraw coins to your own wallet. Given MEXC's history of account freezes and lack of licences, do not keep long-term holdings on the exchange.
Availability
Where MEXC serves users and under which licence
Your country:Choose your country
- Bahrain
- Bangladesh
- Egypt
- European Union
- Indonesia
- Jordan
- Kazakhstan
- Kuwait
- Malaysia
- Morocco
- Nigeria
- Oman
- Pakistan
- Qatar
- Saudi Arabia
- Türkiye
- United Arab Emirates
- United Kingdom
- United States
- Uzbekistan
- Afghanistanno data
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- Armeniano data
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- Belarusno data
- Belgiumno data
- Belizeno data
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- Bermudano data
- Bhutanno data
- Boliviano data
- Bosnia & Herzegovinano data
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- Brazilno data
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- Burkina Fasono data
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- Tunisiano data
- Turkmenistanno data
- Turks & Caicos Islandsno data
- Tuvaluno data
- U.S. Outlying Islandsno data
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- Zimbabweno data
- Country not found
Choose your country to see availability
Restricted in United Arab Emirates
- Licence
- No VARA licence. VARA alert (5 March 2026) and notice of fines (22 June 2026) directed MX Global LTD to cease unlicensed virtual asset activity in or from Dubai.
- KYC
- Full KYC (ID + selfie) should be completed; VARA found MEXC onboarded Dubai users without required KYC.
Available in Saudi Arabia
- Licence
- No local licence; not on MEXC's prohibited list.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Available in Qatar
- Licence
- No local licence; not on MEXC's prohibited list.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Available in Kuwait
- Licence
- No local licence; not on MEXC's prohibited list.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Available in Bahrain
- Licence
- No local licence; not on MEXC's prohibited list.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Available in Oman
- Licence
- No local licence; not on MEXC's prohibited list.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Available in Jordan
- Licence
- No local licence; not on MEXC's prohibited list.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Available in Egypt
- Licence
- No local licence; not on MEXC's prohibited list. Local rules on crypto trading apply.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Available in Morocco
- Licence
- No local licence; not on MEXC's prohibited list.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Available in Türkiye
- Licence
- No local licence; not on MEXC's prohibited list.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Restricted in Indonesia
- Licence
- No local licence. MEXC lists Indonesia among regions where its Android app is not available.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Not available in Malaysia
- Licence
- No local licence; Malaysia is on MEXC's prohibited jurisdictions list (User Agreement, May 2025).
- KYC
- Registration not accepted.
Available in Pakistan
- Licence
- No local licence; not on MEXC's prohibited list.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Available in Bangladesh
- Licence
- No local licence; not on MEXC's prohibited list. Local rules on crypto trading apply.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Not available in Kazakhstan
- Licence
- No local licence; Kazakhstan is on MEXC's prohibited jurisdictions list (User Agreement, May 2025).
- KYC
- Registration not accepted.
Available in Uzbekistan
- Licence
- No local licence; not on MEXC's prohibited list.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Available in Nigeria
- Licence
- No local licence; not on MEXC's prohibited list.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
Not available in United Kingdom
- Licence
- No FCA authorisation or registration; the United Kingdom is on MEXC's prohibited list.
- KYC
- Registration not accepted.
Not available in United States
- Licence
- No US registration or licence; the United States is on MEXC's prohibited list.
- KYC
- Registration not accepted.
Restricted in European Union
- Licence
- No MiCA authorisation. The MiCA transitional period ended on 1 July 2026, so MEXC may not legally serve EEA residents, although EU countries are not on its own prohibited list. Check access before depositing.
- KYC
- Full KYC (ID + selfie) recommended before trading and required for higher limits.
- United Arab EmiratesRestricted
No VARA licence. VARA alert (5 March 2026) and notice of fines (22 June 2026) directed MX Global LTD to cease unlicensed virtual asset activity in or from Dubai.
- Saudi ArabiaAvailable
No local licence; not on MEXC's prohibited list.
- QatarAvailable
No local licence; not on MEXC's prohibited list.
- KuwaitAvailable
No local licence; not on MEXC's prohibited list.
- BahrainAvailable
No local licence; not on MEXC's prohibited list.
- OmanAvailable
No local licence; not on MEXC's prohibited list.
- JordanAvailable
No local licence; not on MEXC's prohibited list.
- EgyptAvailable
No local licence; not on MEXC's prohibited list. Local rules on crypto trading apply.
- MoroccoAvailable
No local licence; not on MEXC's prohibited list.
- TürkiyeAvailable
No local licence; not on MEXC's prohibited list.
- IndonesiaRestricted
No local licence. MEXC lists Indonesia among regions where its Android app is not available.
- MalaysiaUnavailable
No local licence; Malaysia is on MEXC's prohibited jurisdictions list (User Agreement, May 2025).
- PakistanAvailable
No local licence; not on MEXC's prohibited list.
- BangladeshAvailable
No local licence; not on MEXC's prohibited list. Local rules on crypto trading apply.
- KazakhstanUnavailable
No local licence; Kazakhstan is on MEXC's prohibited jurisdictions list (User Agreement, May 2025).
- UzbekistanAvailable
No local licence; not on MEXC's prohibited list.
- NigeriaAvailable
No local licence; not on MEXC's prohibited list.
- United KingdomUnavailable
No FCA authorisation or registration; the United Kingdom is on MEXC's prohibited list.
- United StatesUnavailable
No US registration or licence; the United States is on MEXC's prohibited list.
- European UnionRestricted
No MiCA authorisation. The MiCA transitional period ended on 1 July 2026, so MEXC may not legally serve EEA residents, although EU countries are not on its own prohibited list. Check access before depositing.
Regulatory information is provided strictly for informational purposes. Regulations may change at any time. Full disclaimer
All information regarding the regulatory status of crypto assets, exchanges, tokens, and financial operations across different countries is provided strictly for informational purposes. Regulations may change at any time, and Liberandum does not guarantee that the information remains accurate or up-to-date when accessed by the user.
Legal and regulatory requirements vary significantly between jurisdictions. The platform is not responsible for any outcomes resulting from outdated, inaccurate, or misinterpreted regulatory information.
Users are strongly advised to verify all critical details directly on the official websites of local regulators and consult qualified legal professionals specializing in financial and international law.
Presence by country
- United Arab EmiratesNo VARA licence; VARA alert (March 2026) and notice of fines with cease-and-desist order for Dubai (June 2026).Restricted
- Saudi ArabiaServes users without a local licence.Available
- QatarServes users without a local licence.Available
- KuwaitServes users without a local licence.Available
- BahrainServes users without a local licence.Available
- OmanServes users without a local licence.Available
- JordanServes users without a local licence.Available
- EgyptServes users without a local licence.Available
Show 9 more
- MoroccoServes users without a local licence.Available
- TürkiyeServes users without a local licence.Available
- IndonesiaNo local licence; Android app not available in Indonesia per MEXC.Restricted
- MalaysiaOn MEXC's prohibited jurisdictions list (User Agreement, May 2025).Unavailable
- PakistanServes users without a local licence.Available
- BangladeshServes users without a local licence.Available
- KazakhstanOn MEXC's prohibited jurisdictions list (User Agreement, May 2025).Unavailable
- UzbekistanServes users without a local licence.Available
- NigeriaServes users without a local licence.Available
Reliability in detail
Overall 4.7 of 10
Proof of reserves
8.0Monthly proof of reserves with Merkle tree verification by the security firm Hacken. September 2026: BTC about 297%, USDT 119%, USDC 111%, ETH 111%. Covers the main assets only, and Hacken is a security firm rather than an accounting auditor.
Licences
1.0No licence disclosed on MEXC's own pages (its licences page returned 404 in September 2026). VARA issued an alert (March 2026) and fines (June 2026) for unlicensed services in Dubai. The US, UK and several other markets are excluded.
Incident history
5.0No major hack found. VARA fined MX Global LTD in June 2026 for unlicensed activity and onboarding users without KYC (2022 to April 2026). From July 2025 MEXC froze about USD 3 million of a trader's funds, releasing it on 31 October 2025 with an apology after public criticism; other users reported similar freezes.
Segregation of funds
2.0The User Agreement (May 2025) does not name the operating entity and contains no commitment to segregate client assets, while reserving broad rights to freeze accounts and assets. No independent confirmation of segregation.
Insurance fund
8.0Guardian Fund of USD 100 million with disclosed USDT and BTC addresses, planned to reach USD 500 million (May 2026). Separate futures insurance fund of about 791.7 million USDT as of 1 September 2026.
Security practices
4.0Two-factor authentication and a mix of cold and hot wallets are stated. No external security certification (SOC 2, ISO 27001) or published security audit of the exchange was found.
Fees
Spot trading, deposits and withdrawals
Spot trading
0% maker · 0.05% taker
Standard spot: 0% maker, 0.05% taker. Holding 500+ MX gives 50% off (taker 0.025%); MX deduction gives 20% off. Zero-fee promotions on some pairs.
Deposits
Crypto deposit fees could not be confirmed from MEXC's fee page; check the deposit screen. Fiat purchases go through P2P or third-party card providers whose fees vary; not confirmed per country.
Withdrawals
Crypto withdrawals carry a per-network fee set by MEXC; exact amounts vary by coin and network and are shown at withdrawal.
Halal coins you can buy on MEXC
Coins with a halal verdict listed on this exchange
Similar exchanges
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