DFX vs MEXC
It is a trade-off. DFX has the higher Safety grade (6.2 against 4.5), while MEXC has the higher Privacy grade (1.3 against 0.3).
DFX
Swiss bank-transfer on/off-ramp that pays out to the customer's own wallet
Privacy
0.3/ 10
Poor
Safety
6.2/ 10
Fair
ID mandatory KYC 4 Docs reviewed Full review →
MEXC
Large offshore spot and futures exchange where ID is optional up to a withdrawal cap
Privacy
1.3/ 10
Poor
Safety
4.5/ 10
Caution
ID on risk flag KYC 3 Docs reviewed Full review →
Side by side
| DFX | MEXC | |
|---|---|---|
| Category | No-KYC Exchanges | No-KYC Exchanges |
| KYC policy | ID mandatory | ID on risk flag |
| Custody | Non Custodial | Custodial |
| Sign-up | Email required | Email required |
| Open source | Yes | No |
| Tor onion address | No | No |
| Coins | BTC, ETH | BTC, ETH, USDT, SOL, XRP, LTC |
| Pay with | Bank transfer, Crypto | Crypto |
| Fees | Standard for private individuals by bank transfer: 1.49% buy, 1.99% sell | Not published |
| Limits | Limits are set per user by DFX. Terms require KYC before any use; homepage FAQ states KYC is mandatory from CHF 1,000 per transaction. The two texts conflict. | Unverified withdrawal cap reported as 10 BTC/day (exchange article, Dec 2025) or about 1,000 USDT/day (third-party guides, 2026); check in-account. |
| Founded | Not published | 2018 |
| Jurisdiction | Switzerland | Not published |
| Not available in | Approved for sale in Switzerland only; no business with persons in FATF high-risk jurisdictions | Not published |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only DFX
Open sourceOwn liquidityLegal entity disclosed
Both
Requires emailMay request IDAML screeningRuns an affiliate programme
Only MEXC
CustodialClosed source5+ years operating
Where they sit among no-kyc exchanges
Questions
Is DFX or MEXC safer?
DFX has the higher Safety grade: DFX 6.2, MEXC 4.5, out of 10.
Does DFX or MEXC require KYC?
DFX is KYC level 4 (ID mandatory). MEXC is KYC level 3 (ID on risk flag).
Which has more incidents on record?
DFX has 0 and MEXC has 0 documented incidents in the registry.