EXC provides the MX Token holders with a high-end cold storage wallet.  The cold storage wallets can manage about $500 million in Cryptocurrency deposits. In the meantime, there have not been any security issues related to the MX Token.
The 2FA and email/phone verification codes are standard security features that MEXC offers users on solid exchanges. Further, MEXC has advanced the security system by compulsorily requiring all users to bind a cellphone number or Google authenticator.