MEXC Review 2024

The cryptocurrency exchange MEXC was founded in 2018. It is registered in the Seychelles, and also has licenses in several other countries, in particular Australia and Estonia. MEXC offers its users a wide variety of instruments and markets. Different types of trading are available here. Trading commissions are minimal. Among the advantages of the stock exchange is a variety of ways to deposit and withdraw funds. In this case, making a deposit will not require payment of commission. Decent is the number of proposals that allow you to receive passive income on MEXC. Bonuses are also provided.

Comparing how much crypto is in MEXC with the data on other platforms, it is appropriate to talk about an impressive figure. The total number of coins offered is 1.6 thousand. At the same time, it is impossible to trade with the involvement of fiat - fiat money can only be used to buy Coins. As for the available trading pairs, there are more than 2 thousand. Such data about the cryptocurrency exchange MEXC is provided by the resource CoinMarketCap.

Rating of MEXC crypto exchange

Total score	8,3
Commissions	9
Safety and regulation	7
Markets	10
Passive income	10
Opening an account	8
Deposit and withdrawal	8
Trading platforms	9
Analytics	6
Training	8
Customer support	8
Bonuses	8

MEXC Pros and cons

Basic information

The MEXC exchange offers very attractive terms and conditions regarding trading commissions. It is important to keep in mind that the amount of such fees directly depends on the type of trading, as well as leverage. In addition, there is the possibility of obtaining additional discounts when using the exchange's own token MEXC Token - MX for futures trading. More details about the conditions - below.

Regardless of what currency the trader uses to deposit, no commission is charged. However, it is important to keep in mind that when depositing from a bank card or by bank transfer, the commission fee may be charged by the bank itself. It is better to clarify this question beforehand in order to use the most profitable depositing options.

As for withdrawal, the minimum amount and the amount of commission directly depend on the selected coin. For example, the minimum amount of ether that a user can withdraw is 0.004 ETH. The amount of commission will be 0.0015 ETH. It's also worth remembering that the amount of commission is fixed, it does not depend on the amount of the transaction. For some coins there is no withdrawal fee. Among them are ARIES, BCC, NEWINU and others. To learn more details about the conditions of deposit and withdrawal you can in the "Commissions" section on the website of the crypto exchange. The corresponding button is in the footer.

Trade commissions

The amount of trading commissions of the MEXC cryptocurrency exchange depends on what type of trading the user chooses. At the time of writing this review, the trading conditions are as follows:

• spot - 0% for makers and takers;
• futures – 0% for makers and 0.01% for takers;
• Leveraged ETFs - 0.2% for makers and takers.

It is possible to get additional discounts. For example, takers who have an MX token in their futures wallet and use it to trade USDT-M futures can expect a 10% reduction in trading commissions.

Average commission compared to competitors

It is obvious that such conditions attract many users. It is important to note that due to the absence of commission within the spot, trading becomes more profitable for novice traders who are not ready to attract large sums. However, experienced users also get no less significant advantages.

Margin lending

Clients of the crypto-exchange have an opportunity to attract leverage in spot, futures and ETF trading. Its size ranges from 1X to 200X. If such credit is used in ETF trading, there is an additional daily management fee. It is 0.001%, but does not affect the trader's balance as it is automatically included in the net value of assets derivatives.

Users should keep in mind that they may face higher trading risks when using leverage. This is why crypto-trading experts do not recommend using leverage to hold positions for the long term.

Cryptocurrency exchange MEXC positions itself as a reliable platform for secure crypto trading. It offers its users several tools to protect personal data and funds in the wallet. The first is verification. It significantly reduces the number of fraudsters who can use the exchange to commit illegal actions. The second is two-factor authentication. After it is enabled, most of the actions in the personal account will require confirmation through a separate application. This means that third parties will not be able to perform transactions on behalf of the wallet owner.

When considering whose exchange MEXC is, it is worth noting that it is headquartered in the Seychelles. At the same time, the crypto exchange operates under the licenses of the leading regulators in the world of crypto trading, including Australia, Estonia and others. Whether it is worth concluding whether MEXC can be trusted or not is up to each trader to decide.

It should also be noted that the security of the exchange is confirmed by the fact that its servers are located independently in several regions. As for client funds, they are stored on cold wallets, which also increases reliability.

The range of products on the MEXC exchange is truly astounding. There are a variety of trading options available, including spot, futures and ETFs with the option of margin lending within each.

The number of available markets puts MEXC in second place among popular crypto trading platforms. There are more than 2 thousand trading pairs. There are a number of the most popular ones - BTC/USDT, MX/ETH, MX/USDT, etc. It should be noted that the most popular are those pairs that have the exchange token. Less popular markets are also available - ATP/USDT, CRV/ETH, OMG/BTC, etc. These trading pairs continue to remain interesting for traders, despite relatively small trading volumes. This is due to the high volatility of currencies, as well as the unpredictability of the cryptocurrency market in general.

MEXC Markets

Cryptocurrencies (spot)

The MEXC platform offers its clients a decent selection of coins available for spot trading. There are 1,600 of them in total, which also corresponds to the 2nd place among the most popular crypto exchanges in the world. Like on many other exchanges, among the top Coins here are BTC, ETH, as well as Stablecoins, the most popular of which is USDT. By choosing a spot, users can sell or buy MX - MEXC token.

The cryptocurrency exchange also offers little-known coins among its products. These are options such as FLOKI, SXP, KSM and many others. Such coins can be attractive for both short-term holdings and long-term holdings. There are no more questionable coins like LUNA on MEXC.

Cryptocurrencies (futures)

Futures on this exchange are represented by two variants. It can be USDT-M, where the specified Stablecoin is used as collateral. Also available variant COIN-M. Here a base cryptocurrency is used as collateral.

As for the most popular trading pairs, the main ones are BTC USDT, ETH USDT, as well as PEPE USDT and a number of others. It is important to keep in mind that futures trading offers include fewer coins than are available on the spot. However, it is the futures that open up the possibility of leverage up to 200X, which is a profitable, though risky approach to trading.

Trading ETFs

The possibility of trading derivatives such as ETFs with 3X or 5X leverage deserves special attention. These assets are available on the spot. The highest trading volumes in 24 hours show the following variants - BTC3L, EOS3L, EOS3S, BCH3L, etc.

It is also important to remember that for each of these types of trading it is impossible to use fiat money. The optimal variant is often when a trader buys a certain amount of USDT for dollars, euros or other currency and then redeems the coins he is interested in as part of spot or futures trading.

Clients of cryptocurrency exchanges are offered quite a few ways to make passive income. Not every exchange is able to provide such diversity. In particular, we are talking about such programs:

• Launchpad and Kickstarter. In order to participate, the user must be a token holder of the MX token exchange. A certain amount of these assets is fixed for the number of days specified in the conditions, but the funds are not frozen. As part of the selected offer, some or other airdrops are drawn, and the trader is given them according to the amount of fixed tokens. Subsequently, he will be able to spend the earned coins in any way that interests him.

• Stacking. By taking advantage of such an offer, users can store their assets in certain cryptocurrencies and receive interest for it. It is important to keep in mind that such savings can be fixed or open-ended. In the first case, funds are frozen, and the trader cannot engage them in trading or withdraw them. Perpetual Stacking allows you to freely dispose of assets, but each such transaction will reduce the final profit. As an example, consider USDT stacking - holding this stackablecoin can earn the user up to 8.80% per annum. There are other options, which can be found on the exchange's website.

• Referral and affiliate programs. Their conditions are standard. First, the user submits an application for participation. After that, the administration of the crypto exchange considers his candidacy and after approval provides a referral link. It can be placed on any resources - for example, a partner can promote it using the content of their social networks. For each referral who follows this link and uses the services of the exchange, as well as receiving the appropriate approval from it, the partner will receive a lifetime referral commission. How it is calculated for partners is presented below:

As for the referral program, the minimum income here is a referral commission rate of 30% of each transaction made by an invited user. However, there is an opportunity to increase this payment up to 70%. To do this, the invitee must be a holder of MX tokens, the daily amount of which, in this case, must exceed 20,000.

It is also worth noting that copy-trading in futures trading is available on MEXC. However, it is worth bearing in mind that in this case the number of trading pairs will be limited. In addition, the allowable leverage will be lower - no more than 50X. We are talking about pairs such as WAVESUSDT, UNIUSDT, BSVUSDT, CHZUSDT, BATUSDT and XLMUSDT. To track them, a user must not specify a leverage greater than 25X or 50X (depending on the specific pair). Otherwise, tracking will not be available.

Registration on the MEXC cryptocurrency exchange can be done in just a couple of minutes. All you have to do is specify your contact information, as well as come up with a password. It is important to remember that without registration, the user will not be able to start trading, as well as gain access to a number of other options. Verification on this platform is not mandatory. However, it allows you to increase the bitcoin withdrawal limit per day. After passing the simplified version of identity verification, the trader will be able to withdraw 40 BTC instead of 10 BTC per day. This will require providing copies of documents, such as a passport. You can also pass the extended registration and increase the limit up to 100 BTC. In this case, you will need to perform facial recognition.

Opening an account at the MEXC exchange

Residents of which countries can trade at the exchange?

The exchange is officially represented in the cryptocurrency markets of the United States, Australia and several other countries. However, there are regions where it is not available to users. Among them: Afghanistan, North Korea, Ethiopia, Syria, etc. CoinMarketCap provides a complete list of such countries at the following link https://coinmarketcap.com/exchanges/mexc/.

How to open a MEXC account:
step-by-step instructions

Filling out the MEXC registration form will not cause difficulties even for those users who are just starting to engage in crypto-trading. It is also worth paying attention to the fact that when registering on the website, you can download the MEXC application - it will be convenient for those who are used to trading on a smartphone or tablet. To register, you will need to perform the following algorithm of actions:

Step

1

To open the electronic form, the user will need to click on the "Register" button, which is located in the upper right corner of the home page.

Step

2

Next, a small electronic form will appear on the screen, which will allow you to create an account. The user can choose which contact information to use for registration. This can be a contact cell phone number or an email address. Having made the choice, in the appropriate field it will be necessary to specify the contact. Below the password must be written, which should consist of at least 10 characters - upper and lower case letters, numbers, special characters. If you want, you can generate it automatically. You will also need to agree with the rules of use and click "Register".

If a trader registers with a referral code, it must also be specified in the registration form.

Step

3

After that, the user will have to pass the captcha, confirming that he is not a robot. A window will appear on the screen to enter the confirmation code. If the email address was used for registration, the code will be found in the letter from the exchange at the post office. If the user entered his mobile number, the code will come in an SMS.

After entering the code, the registration is complete. Then a list of tasks will appear in front of the user, which he can perform to get bonuses. For example, if you make a transaction of 2,000 USDT or more, you will get 20 USDT bonus.

When the registration is successfully completed, the trader will be able to use the "Login" button to visit his personal account. In this case, he will need to enter the same data that was specified in the registration form.

Minimum deposit

Types of accounts

On the exchange, users will need to fund accounts for each type of trading separately. Thus, the following Wallet MEXC options are available - spot, futures, fiat and copy-trading. You can deposit dollars, euros, as well as various types of coins. Withdrawal is possible in Coins. In addition, it is possible to transfer cryptocurrency, for example, in USD for subsequent withdrawal to a bank card or account.

In the wallet, you can also view the history of transactions performed. Thus, the trader can monitor the movement of his finances and analyze concluded transactions.

Replenishment of the wallet is performed for each account separately. For example, if a user needs to deposit funds to a spot, he should open the personal cabinet menu, click on the "Wallet" option and select the appropriate option - spot.

Then he will have to click on the button "Deposit" and go to this algorithm of actions:

• Choose the best cryptocurrency to deposit.
• Specify the appropriate type of network.
• Generate an address to send coins to.

Also in this window, the trader will be able to see what is the minimum deposit for the selected currency. It is very important to copy the generated address carefully, because in case of an error the funds will not be credited to the account, and it will not be possible to return them either.

Several methods of deposit are offered. Among them:

• bank cards and international transfers - to use fiat;
• P2P, third-party services (Simplex, Banxa, Mercuryo, etc.) - to deposit cryptocurrency.

You don't have to think for a long time about how you can withdraw money from MEXC. You can do it according to the same instructions. First, the user must click on the "Withdrawal" option on the page of the selected account. Then, in a small electronic form, he will need to specify the coin, the address to transfer funds, and the optimal network. After the blockchain network confirms the transfer, the money will be received immediately.

Do not forget that if the user is connected to a two-factor authentication, he will need to confirm each financial transaction - both the deposit and withdrawal.

The website of the crypto exchange has a fairly simple and intuitive interface. It is multilingual. It is available in English, Russian, Turkish, German, Spanish and other languages. It is very easy to switch between them using the hamburger menu in the upper right corner of the site. All the main sections can be found in the top menu, as well as in the footer. On the main page you can see popular coins and new listings.

There is a separate platform for each type of trading. Users are offered classic MEXC TradingView charts to monitor the current market situation. With their help, you can not only look at the dynamics of the cryptocurrency value, but also use the necessary analytical tools that allow you to calculate the risks and not only.

Below you can read about how to work with futures trading.

Also, every user can download MEXC and make transactions using mobile devices. The download is absolutely free. Up-to-date links to the application can be found directly on the exchange website.

Pros and cons

Comparative table of characteristics

Trading platforms. Comparison with Competitors

Although the exchange offers several trading platforms for spot, futures and ETFs, as well as demo trading, their design is quite similar. The main part of the screen is occupied by a chart. At the same time it is possible to switch between the basic version, TradingView and the order book. The user can also see the current information on a particular trading pair - the current value changes, trading volumes, etc. The availability of the order book is mandatory.

In order to make a particular deal, the platforms offer users the appropriate forms to fill out. For example, within a spot, a trader can select a window to buy or sell a particular coin.

An additional advantage is that in the menu you can choose in which currency the current prices will be displayed. It can be USD, EUR, GBP, TRY, etc. This option greatly simplifies the analysis of the cryptocurrency market for residents of different countries. In particular, this can be judged by reading the reviews of MEXC.

If the trader uses the application, the same options will be available to him as on the main site. However, the interface itself will be slightly modified. This is done in order to simplify the process of trading on devices with small screens.

The site has a section with analytical data and detailed information about the current situation in the cryptocurrency market. To open it, click on the "Market Data" option, which is located in the "Markets" section of the main menu. By going to the corresponding page, the trader will be able to see all sorts of ratings and charts, which will be useful to him. For example, it will be possible to see trading pairs, which are in trends, are leaders of growth or are in the TOP by trading volume.

Users are offered a section with news and announcements. It is quite predictable that most of the information materials presented there are devoted to MEXC cryptocurrency. However, clients of this platform can find a lot of interesting and useful information - for example, to read about new listings, profitable bonuses or a reduced commission period.

Do not forget that the exchange has pages in social networks. They are also often posted interesting relevant information. Links can be found on the main page of the site.

Unlike many other crypto exchanges, MEXC puts a lot of emphasis on training traders. For this purpose, there is a separate section of the same name, which can be opened through the menu at the top of the screen or in the footer. There users are offered training videos and various thematic materials. They are divided by areas - from the first purchase of cryptocurrency to leveraged trading. This section also provides information about trading and the cryptocurrency market in general. It will be especially useful for beginners.

It is also worth noting that most sections of the site also contain explanatory materials and instructions. For example, by going to the leveraged ETF trading platform, a trader can open a video explaining the nuances of such trades.

There are several ways to contact technical support. Each of the options is multi-lingual. Usually the support team responds quite quickly to requests. You can contact the MEXC support team if you have various questions - problems with registration, processing transactions for different types of trading, withdrawal of funds, etc.

Communication channels

There are a number of ways to contact the support team. The easiest way is online support in the form of chat. To connect to it, just click on the blue icon in the bottom right corner of the screen. Other options are also available:

• sending a request by using the feedback form;
• to the telegram channel of the corresponding country;
• use of the help center - it also provides recommendations on how to solve the problem in the form of ready-made answers.

Customers can refer to the social networks of the exchange, where they can find a lot of relevant information about current promotions, services and more.

Technical support languages

It is possible to get help from the support service in several languages. To switch them, you need to change the basic settings of the language version in the hamburger menu. After that, all channels of communication with the support team will be available in the appropriate language. MEXC options include English, Russian, Portuguese, Italian, etc.

The exchange offers good bonuses for newcomers. Information about current options is available on the main page of the site. For example, for transferring ≥ 300 USDT to a futures wallet, a trader can receive additional 5 USDT. When completing the first futures transaction with a volume ≥ 1000 USDT, you can also get 5 USDT.

Another special offer is the futures competition. Users with total futures account capital ≥ 300 USDT can participate. To win, you must show constant trading activity.