TL;DR. MEXC is a workable option for buying Toncoin in 2026, especially if you want to trade without mandatory KYC up to 10 BTC daily withdrawal. The exchange supports TON in spot and futures, offers ruble P2P, and lists new TON-ecosystem projects earlier than Bybit or OKX. Downsides: TON liquidity is thinner than Bybit’s; ruble P2P is shallower; support reputation is weaker. Ideal as a second exchange in your toolkit — for altcoins, non-standard pairs, copy-trading. For primary TON purchases in large volumes — Bybit/OKX are more reliable.
Exchange overview
MEXC (formerly MEXC Global; originally MXC) was founded in 2018, formally headquartered in the Seychelles, with main offices in Singapore and Hong Kong. The exchange grew quickly on two simple bets: (1) very liberal listing policy — tokens that don’t trade on top-3 exchanges show up on MEXC, (2) KYC is optional for basic accounts — rare among major CEXs in 2025-2026.
This shapes a specific user type: altcoin traders looking for early listings; users from regions with problematic regulatory backdrops; those who decline KYC on principle. For a TON buyer this means MEXC fills specific scenarios that Bybit and OKX don’t, but as a “default exchange” it loses to them on liquidity and overall reliability.
In 2026 MEXC remains a top-10 exchange by trading volume, with notable share in Asian and CIS markets. Regulatorily — grey zone: no major-jurisdiction licenses, but also no blocks from regulators in most countries.
How to buy TON step-by-step
Step 1. Registration. Open mexc.com or via /go/?to=mexc. Sign up via email or phone. Enable 2FA via Google Authenticator (mandatory — without 2FA, limits are tighter even on a no-KYC account). KYC is optional: without it you get 10 BTC/24h withdrawal, more than enough for any retail TON purchase.
Step 2. Fund via P2P. Buy Crypto → P2P → USDT/RUB (or your local currency pair). Payment methods: SBP (primary), T-Bank (Tinkoff), Sber, Alfa, Raiffeisen. USDT/RUB has 50-200 active offers in most hours. Choose sellers with ≥300 trades and ≥97% rating.
iWithout KYC your P2P limit is lower than standard (typically $5000-10000 per day depending on region). Enough for most retail purchases; for larger amounts pass KYC1 (5-15 minutes, passport + selfie).
Step 3. Buy TON on spot. Trade → Spot → TON/USDT. Use limit orders — even on liquid MEXC, market orders can give 0.1-0.3% slippage during volatility. Alternative pair: TON/USDC (thinner liquidity, sometimes better rate).
Step 4. Withdraw TON to your wallet. Wallets → Withdraw → TON → Network: TON (not EVM, not BSC). Address from Tonkeeper or MyTonWallet. Memo blank unless your wallet requires it. 2FA + email confirmation. TON mainnet usually confirms in 1-5 minutes.
P2P specifics
P2P on MEXC uses the escrow model like Bybit/OKX. What’s specific to MEXC:
Volume and choice. 50-200 active USDT/RUB offers at any moment. Less than Bybit (200+) but enough to find a good SBP seller within 1-3 minutes during normal hours.
Rate. Comparable to Bybit ±0.3%. During off-hours (Asian night) sometimes slightly better due to weaker competition; during peak (Moscow evening) — comparable or slightly worse.
Payment methods 2026. Stable: SBP, T-Bank, Sber, Alfa. Less stable: Gazprombank, Raiffeisen. VTB — rare. Specific methods for other CIS currencies (KZT via Kaspi, UAH via various cards, AMD).
No-KYC limits. Basic account capped at $5000-10000 daily P2P. For more — KYC1.
Disputes. From our 2024-2025 experience, MEXC dispute resolution is slower than Bybit (hours vs minutes for moderator response), but generally fair. Document everything.
Fiat-leg AML risk is the same as on any P2P in the CIS region. Split sums, no crypto-keywords in bank comments, don’t transact daily with the same counterparty.
Spot, futures, what else
This is where MEXC becomes interesting for specific scenarios:
Spot. TON/USDT — main pair. Also TON/USDC, TON/BTC, sometimes TON/ETH. TON/USDT depth — $300-700K in the first 1% (fine for retail). Maker/taker fee 0.0%/0.1% — the lowest maker fee among major CEXs. Relevant for market-makers and active limit-order traders.
Futures. TON futures lineup is broad: TONUSDT perpetual up to 200x leverage on certain contracts. That’s higher than Bybit (25x) and Binance (75x for TON). At 200x a 0.5% price move liquidates the position — a tool for sniper-precise speculation, not accumulation. Funding rates usually comparable to competitors.
Copy-trading. MEXC’s social product — copying top traders’ strategies. You subscribe to a trader who trades TON futures, and their trades automatically replicate on your account in proportion to your size. Fee usually 10-20% of profits. Risk: successful traders’ streaks are often short-lived. Don’t make this the core of your strategy.
Earn. Flexible Savings on TON: 1-3% APR. Structured products: dual investments, price-pegged investments. Returns are modest, MEXC counterparty risk applies. Don’t use for serious amounts.
Launchpool. New TON-ecosystem tokens appear here often (MEXC’s strong side). Quality — at your own risk. Standard advice: don’t allocate more than 1-3% of portfolio here.
M-Day. Regular airdrop programs (staking a certain token grants a share in new listings). Yields depend heavily on listing quality — sometimes tens of percent annualised, sometimes zero.
Fees and spread
Real cost of buying TON via MEXC:
- P2P USDT/RUB: 0% explicit, 0.6-1.5% spread to market rate
- Spot TON/USDT: 0% maker, 0.1% taker (significantly better than Bybit/HTX on maker)
- TON withdrawal: empirically 2024-2025 around 0.1 TON
- Convert feature: 0.5-1.5% spread — better to use spot
End-to-end on $500. P2P (~$5 spread) + spot ($0 maker / $0.5 taker) + withdraw ($0.5 network) = $5.5-6, or 1.1-1.2%. That’s on par with Bybit and slightly cheaper than HTX. On larger amounts the 0.05-0.1% delta favours MEXC.
Zero-maker fee is MEXC’s strongest competitive edge on spot. If you enter with a limit order (which we recommend for any size >$500), you only pay for the withdrawal and P2P spread.
Security and risks
Hacks and incidents. No major public hacks on MEXC’s record. A positive signal but not a guarantee — the exchange is less transparent on internal metrics than Kraken or Coinbase.
Reserves. MEXC publishes Proof of Reserves via Merkle Tree (you can verify your funds are accounted for in a snapshot). Methodology similar to Bybit and Binance. Transparency — industry-average.
Regulatory profile. No US, EU, or UK licenses. Declared jurisdiction — Seychelles (standard scheme for offshore CEXs). In case of serious problems — depositor protection effectively zero. Not unique to MEXC, but factual.
Operational risks. Support is slower than Bybit. Ticket resolution — hours to a day in normal times, 3-5 days in crisis moments. Russian-language support exists but quality of translations and speed is below Bybit/OKX.
KYC angle. If you did NOT pass KYC, your passport data is not with MEXC. Plus from a leak-risk standpoint, minus from an account-recovery standpoint: if you lose 2FA and email, recovering a no-KYC account is significantly harder.
What to do. Standard: buy TON → withdraw to your own wallet. Don’t leave significant amounts on MEXC long-term.
Comparison with competitors
MEXC vs Bybit. Bybit wins on TON liquidity, P2P volume, support speed. MEXC wins on breadth of altcoin listings, optional KYC, spot maker fee. For TON specifically — Bybit. For a broader crypto portfolio with altcoins — MEXC.
MEXC vs OKX. OKX is more “European”, better support, better regulatory hygiene. MEXC is more “flexible”, more altcoins, optional KYC. For TON — comparable; for altcoins — MEXC.
MEXC vs HTX. MEXC wins on most metrics: more altcoins, better maker fee, no heavy reputational history. Both — “second tier” after Bybit/OKX.
MEXC vs Binance. Binance is much stronger on liquidity and infrastructure, but in 2024-2025 wound down ruble P2P for most CIS users. MEXC remains accessible. If you have a pre-2023 Binance account — use both.
More: Bybit vs OKX vs MEXC for buying TON.
Who it fits
Fits:
- Those who want to buy TON without KYC in size up to $5000-10000
- Active traders who value zero maker fees on spot
- Those who trade not just TON but altcoins from early listings
- Speculators who need 100-200x leverage futures
- Those exploring copy-trading
Doesn’t fit:
- Large TON buyers (>$50K per trade) — liquidity is thinner than Bybit
- Those who need fast Russian-language support — it’s slower here
- Those who want maximum regulatory cleanliness — MEXC is greyer than Bybit/OKX
Bottom line
MEXC in 2026 is a workable “second exchange” for a CIS-based TON buyer. Its key strengths (optional KYC, zero maker fees, broad futures and copy-trading, early altcoin listings) make it a valuable tool in the kit, but not the first choice for primary Toncoin purchases. For primary purchases Bybit/OKX are more reliable on liquidity and P2P stability.
Open an account here: /go/?to=mexc. If you plan to buy up to $10,000 and don’t want KYC — MEXC closes that scenario quickly and cheaply. If you plan more — pass KYC and use it as a second exchange alongside Bybit.
And as always: withdraw the TON you bought to your own wallet. Tonkeeper or MyTonWallet — standard recommendations. Step-by-step guides: how to buy Toncoin, how to withdraw TON from a CEX to a wallet, best TON wallets 2026.
