Table of contents
- About MEXC
- MEXC review
- Trading costs
- Platform security
- Token availability
- Platform liquidity
Established in 2018, MEXC is a renowned exchange known for its high-quality matching technology. With a team of early pioneers in finance and blockchain, MEXC currently serves over 10 million users in 170+ countries. MEXC aims to be the go-to platform for traders and investors worldwide. The exchange operates globally, adhering to top-tier regulations, offers localized language support, and boasts a high-speed trading engine capable of 1.4 million transactions per second. User data security is a paramount concern, with servers hosted independently across multiple countries.
MEXC represents the following core values:
- Lowest fees in the market
- Best liquidity in the market
- World class security
When you start trading through Mexc you pay the lowest fees in the market. That is, 0% fee is charged for Spot makers and takers fee. Also the Future makers fee is 0% only the Future takers fee is 0,1%.
Take advantage of additional bonuses through MEXC
Not using MEXC yet? Then quickly sign up for an account here and take advantage of attractive bonuses and promo codes. MEXC also regularly has attractive actions and promotions for its users.
Sign up here:
In order to make a good judgment about MEXC as a trading platform, the platform was assessed based on four pillars:
- Trading costs
- Platform security
- Tokens Available
- Platform liquidity
MEXC Trading Fees
MEXC offers trading fees ranging from 0.03% to 0.25%, making the trading fees very competitive in the market. The platform distinguishes between takers fees and makers fees. The takers fee starts at 0.25% and decreases to 0.06%, the higher the volume the lower the fee. The makers fee starts at 0.15% and decreases to 0.04%. Again, the higher the volume the lower the fee.
MEXC offers the most common payment methods, below is an overview of the payment methods along with the necessary fees.
MEXC supports debit and credit card payments. Users can easily and quickly purchase cryptocurrencies or fund their account. However, it is important to consider possible transaction fees, which can vary depending on the card type and location of the user. MEXC provides a secure transaction environment, but users should of course be vigilant and protect their card information themselves.
Bank transfer (SEPA)
MEXC supports SEPA bank transfers for purchasing crypto or replenishing your account. This option is suitable for EU users and is known to be secure and reliable, despite a possible longer processing time and possible bank fees. MEXC guarantees the security of the transaction, making SEPA an efficient choice for crypto trading.
As on third payment methode MEXC facilitates P2P (peer-to-peer) payments, allowing users to trade crypto directly with each other. This method is fast, flexible and offers a variety of payment options. However, it is important that users check the reliability of the other party. MEXC does, of course, take measures to keep transactions secure.
As a final payment option, MEXC itself offers its own Mastercard. This allows MEXC to allow its users to use their crypto funds directly for everyday expenses. The Mastercard is a combination of a traditional bank card and cryptocurrencies. Keep in mind that there are fees associated with using this card.
MEXC values the security of trading and has taken several measures to protect users. The platform uses advanced security protocols, such as two-factor authentication (2FA), to prevent unauthorized access.
Security technologies and protocols.
MEXC uses advanced security technologies and strict protocols to ensure the integrity of the platform and the security of user data. The platform is carefully designed to withstand a wide range of cyber threats, including DDoS attacks and phishing.
User Data Protection.
Users' personal information is protected using strong encryption techniques. MEXC is committed to ensuring the confidentiality and integrity of user data, allowing users to act with confidence on the platform.
Two-factor authentication (2FA)
MEXC emphasizes the importance of two-factor authentication as an essential security measure. Using 2FA adds an additional layer of security to user accounts, making it significantly more difficult for malicious parties to gain unauthorized access.
Ongoing Commitment to Security
MEXC is committed to maintaining a secure trading environment and continuously works to improve its security infrastructure. The team behind MEXC is alert to new threats and ready to respond quickly to ensure the security of its users.
Supported Cryptocurrencies on MEXC
As one of the largest exchanges, you can expect to find any and almost every cryptocurrency on Mexc. There are over 1700 listed cryptocurrencies, which in comparison to other exchanges, it blows them out of the water!
One of the most valuable tools on MEXC is the advanced chart feature. It allows users to perform technical analysis on various cryptocurrencies and monitor market trends. This is the place where traders can easily trade and find the most important trading information.
It’s possible to change your personal settings in the chart (exchange) to make it even easier to trade. For starting traders it can be a lot of new information, for them MEXC created a learning environment which you can find here: https://learn.MEXC.com/
Mexc Products & Services
As one of the biggest centralized exchanges, Mexc offers users of all kinds the perfect tools to conduct trades at their level. What is so good about MEXC and what can they offer me?
Well, let’s take a closer look at all the Products and Services:
When it comes to trading features and tools, MEXC is definitely up there with the best. As an award-winning exchange, you would expect some quality and especially when it comes to trading.
Users can Spot trade using the unique Mexc quantitative grid trading strategy. This strategy uses clever trading algorithms to execute transactions to buy at the cheapest possible price and of course to sell at the highest price. Spot grid trading is known to minimise risks and hazards, but primarily provides you with good buy and sell prices.
Those looking to expand their trading volume can perform quality margin trades by simply depositing cash to act as collateral and then opening those trades using borrowed assets. Margin trading is generally used by the pros, or those with a higher risk tolerance, so its always recommended to know what you are doing before performing margin trades.
How big is your risk appetite?
Mexc allows users to long or short cryptocurrencies with a leverage of up to 200x, which is mouthwatering for pro traders! With hundreds of tradable futures contracts, you can leverage trade most of your favourite cryptocurrencies.
Futures trading comes with high risk and is recommended for those with years of trading experience.
Mexc Leveraged ETFs
If you are looking to trade Exchange-Traded Funds (ETFs), then you’re at the right place, because Mexc is one of the few centralized exchanges that allows for trading of ETFs.
Users on Mexc can long or short an ETF by 3x either way and only support very limited cryptocurrencies. Leveraging ETFs is a great way of maximizing returns and eliminating the possibility of liquidation!
Don’t have the skills, time or money to make your own profitable trades? Thanks to the awesome Copy Trading feature on the Mexc exchange, users who have no trading experience can now copy pro traders, and trade by trade! All you have to do is pick your trader, deposit your funds and wait for the trader to do all the hard work for you!
Perfect for new traders and Mexc users is the Demo trading platform, where users are granted test assets to trade. Users can leverage and trial out their trading skills, with zero risk.
The Demo trading platform can be also used to trial out Mexc exchange’s trading features. There may be users making the switch from other centralized exchanges, so a demo trial is always a good way to get a taste!
At Mexc, users are given the opportunity to get in early on new crypto listings, earn passive income and gain access to exclusive features.
Believe it or not, but users can earn up to 50% APR, just by staking selected assets on the Mexc Saving platform. APR rates will vary, so be aware, however, staking on Mexc is extremely easy and is an easy way to earn passive income.
Mexc Savings (Staking)
At the moment, there are 17 different cryptocurrencies you can stake, including Bitcoin (BTC), Tether (USDT), Ethereum, (ETH), Dogecoin (DOGE) and many more!
MEXC rewards their loyal users who hold MX tokens with airdrops of new tokens that are launching on the Mexc launchpad. To become eligible, depending on the asset that is launching, you must hold a certain amount of MX tokens for a certain amount of time.
It’s worth noting, the more MX tokens you hold, the more tokens you will receive in Launchpad airdrops!
Another way of getting airdrops on MEXC is through Kickstarter, which allows users to delegate (commit) MX tokens, in order to win token airdrops from reputable protocols. Currently, users can participate in USDT airdrop events, with prize pools of up to $50,000 USDT.
Mexc has many other Earn features on the exchange and it all depends on what you are looking for. The ones listed are by far the most popular methods of earning extra yield on the Mexc platform, without trading.
In conclusion, MEXC is an excellent exchange with a great variety of tools, cryptocurrencies and security. It would be great to see Margin and/or Futures trading integrated to the MEXC exchange, but for now, Market & Limit orders will have to do!
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- USP 2