MEXC Review

mexc.com review

Website: https://www.mexc.com/

Website Availability: Yes

Regulation: Unregulated

Warned By: National Securities and Stock Market Commission (Ukraine)

Domain Status:

  • Domain Name: mexc.com
  • Registry Domain ID: 2142055079_DOMAIN_COM-VRSN
  • Registrar WHOIS Server: whois.gname.com
  • Registrar URL: http://www.gname.com
  • Updated Date: 2024-02-24T12:43:07Z
  • Creation Date: 2017-07-11T18:00:17Z
  • Registry Expiry Date: 2025-07-11T18:00:17Z

Is mexc.com  Legit or a Scam?

Determining if mexc.com is  legitimate or a scam requires a thorough analysis of multiple factors. On one hand, mexc has positioned itself as a leader in cryptocurrency cloud mining, promising a simplified procedure and a user-friendly marketplace since 2017. The duration and visible dedication to innovation may indicate legitimacy within the sector.

However, the appearance of multiple negative reviews, as well as a warning from Ukraine’s National Securities and Stock Market Commission, raise serious concerns. Negative customer reviews may imply dissatisfaction pointing to operational flaws or even fraudulent tactics. The existence of warning flags requires careful consideration before engaging with the platform.

Warning from National Securities and Stock Market Commission

The National Securities and Stock Market Commission (NSSMC) has issued a strong warning over the actions of MEXC, a firm under investigation for alleged financial fraud. With a responsibility to protect the interests of financial customers, the NSSMC closely monitors projects charged with violating Ukrainian residents through fraudulent investment schemes. MEXC has come under investigation for allegedly misappropriating funds from investors.

The NSSMC’s investigation into mexc.com is driven by concerns that the company has attracted investors with promises of high returns on different financial assets. Such actions, when carried out without sufficient license and regulatory control, represent considerable risks to investors and the reliability of the financial markets.

Issue in Fund Withdrawal

According to a review on Trustpilot, users initially experienced successful profit payouts and withdrawal processing from the company. However, more recently, the company has been freezing account balances, citing “System Maintenance” and “Failure” as reasons for the withdrawal delays. Some users reported being asked to send additional funds to unfreeze their accounts.

One reviewer mentioned that when they attempted to withdraw a larger amount, they were told the system was undergoing network maintenance. Customer support attributed the issue to a malicious attack on their network, claiming that the maintenance would take 2-3 days. Despite this, the reviewer noted that many others have reported similar issues, with some indicating that the problem has persisted for over a week. This pattern suggests a broader, ongoing issue with the company’s withdrawal processes.

How to claim a refund from mexc.com

Prioritize your documents if you want to get your money back from mexc.com after trying unsuccessfully. Keep all communication as proof of your refund claims. If they reject or stop, start the chargeback process right away. Notify your bank about MEXC unlicensed status and suspicious business methods. If you are unclear about the procedure, ask for help in getting your case ready. Remember that quick action is essential.

Regarding wire transfers, what is the situation?

Refunds are challenging with wire transfers since chargebacks are not allowed. To escalate the matter, file complaints and get in touch with the authorities. This approach often prompts reconsidering refund choices. Prepare a comprehensive fraud report and forward it to the company along with a notice that you intend to forward it if no refunds are received. Contact us if you need any help.

MEXC Review – Conclusion

As per our MEXC review, we can say that mexc  is probably a scam. The company’s claims of being a leader in cryptocurrency cloud mining with simplified procedures and a user-friendly marketplace are overshadowed by several red flags, such as the warning by the National Securities and Stock Market Commission (NSSMC). Many negative reviews as well as accounts being suspended and withdrawal problems being reported all serve to confirm doubts regarding the company’s legitimacy. Thus, prospective investors should proceed with caution and avoid dealing with MEXC to prevent financial loss.

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