In line with Coingecko, MEXC is among the many prime 10 crypto exchanges. It has a day by day buying and selling quantity of over $800 million, making it the only option for brand spanking new merchants. On this MEXC overview, we’ll cowl every little thing from its in depth coin choice and low charges to its safety measures and consumer interface. By the tip of this overview, you’ll have a transparent view of what MEXC brings to the desk and whether or not it’s a good change for you.
Key Takeaways:
MEXC is a crypto change with options like spot buying and selling, futures buying and selling with as much as 200x leverage, and incomes curiosity on crypto holdings.Additionally it is a preferred no-KYC crypto change with a 10BTC day by day withdrawal restrict for non-verified customers and permits shopping for and promoting crypto with out ID verification.MEXC has very low charges with 0% maker and 0.1% taker charges within the spot market and 0% maker and 0.01% taker charges within the futures market.
MEXC Overview: Fast Abstract
Varieties
Crypto buying and selling platform
12 months Based
2018
Supported International locations
170+
Supported Cash
2300+ property and 2800+ buying and selling pairs
Buying and selling Options
Spot Buying and selling, Perpetual Futures, Copy Buying and selling, Demo Buying and selling, P2P Buying and selling, and so forth.
Fee Strategies
SEPA, credit score/debit card, third-party fee suppliers like MoonPay and Mercuryo, and so forth.
Buying and selling Charges
Spot: 0% maker and 0.1% takerFutures: 0% maker and 0.01% taker
Earn Merchandise
Financial savings, Crypto loans, and Kickstarter
Safety Measures
2FA, chilly storage, PoR knowledge, anti-phishing code, withdrawal tackle whitelisting, and extra
Restricted International locations
North Korea, Cuba, Sudan, Syria, Iran, Crimea, Mainland China, Indonesia, Singapore, Venezuela, the USA, and Canada
Buyer Service
Reside chat, assist discussion board, assist ticket system
Cellular App
Android and iOS
What Is MEXC?
MEXC, previously generally known as MXC Trade, is a world crypto buying and selling change that means that you can purchase, promote, and commerce digital property. Based in 2018, it has grown quickly to serve over 10 million customers in additional than 170 international locations and areas worldwide. Inside a 12 months, the change captured 5% of the worldwide crypto change buying and selling market. Their success continued in 2021 after they gained “Finest Crypto Trade Asia” on the Dubai Crypto Expo. The corporate has not publicly disclosed its founders but, but it surely has established itself as a significant participant within the cryptocurrency market.
MEXC is tremendous quick! Their excessive efficiency buying and selling engine, constructed by banking professionals, can deal with 1.4 million transactions each second. This implies clean buying and selling with no delays, even throughout busy instances.
The change provides a variety of providers to its customers. These embrace spot buying and selling, futures buying and selling, P2P buying and selling, and replica buying and selling. For these excited about a extra diversified portfolio, MEXC options staking and incomes providers, a launchpad for brand spanking new tasks, and demo buying and selling rookies. Builders also can leverage MEXC’s API to combine knowledge into their very own purposes.
MEXC is understood for its zero buying and selling charges occasions. These are time-based particular occasions. At present, it’s providing 0% spot maker and 0% futures maker charges. The change is simple to make use of, even for rookies, because of its clear and easy interface. Safety can be a prime precedence. They maintain most consumer funds in offline storage (chilly storage) and observe strict worldwide safety guidelines to maintain your crypto secure.
Professionals of MEXC
Futures makers can get pleasure from zero charges and takers as little as 0.01%, properly under the {industry} commonOver 2300+ cash and tokens together with many new altcoins accessible for buying and sellingEarn passive revenue on crypto with yields as much as 100% APYGet pleasure from as much as 200x leverage on sure perpetual contractsIEOs on MEXC Launchpad have seen returns exceeding 500%.MEXC provides distinctive liquidity for futures buying and selling, which means sooner order execution and tighter spreads.
Cons of MEXC
It’s best for crypto-to-crypto buying and selling solely and you’ll’t simply purchase crypto with many native fiat currencies.MEXC has restricted providers or options in sure geographical areas together with the USANo Web3 options like DeFi providers and NFT market
Buying and selling Options of MEXC Trade
Spot Buying and selling
MEXC provides a spot buying and selling platform the place you should buy and promote all kinds of cryptocurrencies immediately. They’ve a ton of selections, with over 2300 totally different digital currencies and much more methods to commerce them (over 2800 buying and selling pairs).
The change helps several types of buying and selling pairs. This consists of stablecoin-to-crypto pairs and crypto-to-crypto pairs. For instance, you may commerce BTC/USDT, BTC/USDC, BTC/ETH, and BTC/TUSD.
In relation to shopping for and promoting these cryptocurrencies, MEXC supplies you with quite a lot of order varieties to fit your buying and selling methods. Listed here are a number of of the commonest ones:
Restrict Order: This allows you to specify the goal value you need to purchase or promote a cryptocurrency at. Your order will solely be executed if the market value reaches your chosen value level.Market Order: That is the only approach to purchase or promote. You merely inform MEXC how a lot of a cryptocurrency you need to purchase or promote, and the platform executes your order at the perfect accessible market value at that second.Cease-Restrict Order: This combines components of each restrict and stop-loss orders. You set a “cease value” that triggers the order to develop into a restrict order if the market value reaches that time. That is helpful for managing danger. As an illustration, you might need some Ethereum (ETH) and need to promote it routinely if the value drops under a sure degree. With a stop-limit order, you set your cease value and a restrict value to make sure you don’t promote for too excessive.One Cancels the Different (OCO): This can be a extra superior possibility for skilled merchants. You set two orders on the identical time, a “stop-loss” order to promote if the value goes down an excessive amount of, and a “take-profit” order to promote if the value goes as much as a sure level. Whichever order will get crammed first, the opposite one will get canceled routinely.
MEXC additionally has a bunch of technical indicators that will help you resolve what to purchase and promote. These embrace in style instruments like Ok-lines, transferring averages, and MACD. These instruments make it easier to see traits in costs.
The change even integrates with TradingView, a complicated charting platform utilized by many specialists. This allows you to use much more superior instruments to research the market in additional element.
Perpetual Futures Buying and selling
MEXC has a platform for buying and selling futures contracts. It’s totally different from shopping for and promoting crypto proper now. In futures buying and selling, you agree to purchase or promote a certain quantity of cryptocurrency at a set value on a particular date sooner or later.
The MEXC change provides greater than 300 futures contracts. These contracts include leverage of as much as 200x, which implies you may management a a lot bigger place than your preliminary funding.
There are two most important sorts of futures contracts on MEXC: USDT-Margined Perpetual Futures and Coin-Margined Perpetual Futures.
USDT-Margined Perpetual Futures are settled in Tether (USDT), which is tied to the US greenback. When the contract ends, you get or pay USDT based mostly on the value.Coin-Margined Perpetual Futures are settled within the precise cryptocurrency. So, when you have a protracted place on a Bitcoin contract, you get BTC once you shut the place.
Keep in mind, as an alternative of conventional futures, MEXC provides perpetual contracts, which don’t have expiration dates.
MEXC goes past the fundamental order varieties accessible within the spot market and provides superior order varieties to provide you extra management over your trades.
Trailing cease orders: These routinely observe the value of a crypto. If the value goes up, your order will increase too, locking in these good points. But when it goes down, the order triggers a promote to restrict your losses.Set off orders: With these orders, you inform MEXC precisely what value to look at for, and your purchase or promote order solely prompts when that value is reached.Publish-only orders: You set in an order to purchase or promote at a sure value, but it surely solely goes by way of if there’s another person prepared to commerce at that value. It’s a approach so as to add liquidity to the market with out getting caught with a commerce you didn’t fairly need. This implies it reduces the chance of value slippage whereas shopping for.
MEXC allows you to select between two margin modes on your futures trades. Remoted margin mode makes use of solely a certain quantity of your pockets steadiness for every place. This implies good points or losses from one place don’t have an effect on your others. Cross-margin mode makes use of your complete portfolio pockets steadiness for all of your positions. This may be extra environment friendly, but it surely additionally has a much bigger danger of shedding every little thing if the market goes towards you.
MEXC Futures M-Day
Futures-M Day is a MEXC occasion that encourages customers to take part in futures buying and selling with diminished charges and an opportunity to win bonus rewards. Right here’s what makes Futures-M Day thrilling:
Decrease buying and selling charges: MEXC reduces the taker payment, which is a payment charged for taking liquidity from the order ebook, to a mere 0.01%.Fortunate draw likelihood: By buying and selling extra USDT-M futures contracts, you get extra entries right into a fortunate draw. This draw provides prizes like futures bonuses, which can be utilized as a further margin on your trades. Mainly, you get more cash to commerce with and any income you make are yours to maintain.Additional prize pool: As a thanks to customers, MEXC throws in an additional pool of prizes on prime of the common fortunate draw. At present, it’s providing a 74,200 USDT prize pool.
Demo Buying and selling
MEXC provides a “Demo Buying and selling” function particularly designed for brand spanking new or inexperienced futures merchants. It means that you can check out totally different buying and selling methods and get conversant in the MEXC platform with out risking any of your individual cash.
Right here’s the way it works: MEXC supplies you with a digital beginning steadiness of as much as 50,000 USDT (Tether) of their simulated buying and selling setting. This allows you to experiment with shopping for and promoting crypto futures contracts identical to you’d in the actual market.
The important thing distinction is that these are simulated funds, so any wins or losses you expertise gained’t have an effect on your precise pockets.
The Demo Buying and selling platform mimics the appear and feel of the actual MEXC futures market. You’ll see stay market knowledge, charts, and order varieties, permitting you to apply inserting purchase and promote orders.
Copy Buying and selling
MEXC can be a preferred crypto copy buying and selling platform. This sounds sophisticated, but it surely’s a approach so that you can make cash by following the trades of skilled merchants.
There are two sides to MEXC copy buying and selling. You is usually a “follower” who copies different merchants, otherwise you is usually a “lead dealer” whose trades are copied by others.
To be a follower, you merely choose a lead dealer you want based mostly on their efficiency and historical past. MEXC allows you to see issues like their 7-day ROI (Return on Funding), 7-day PNL (Revenue and Loss), 7-day Win Price, Complete ROI, Complete PNL, and Complete Win Price. This data helps you resolve who to observe.
When you choose a dealer to observe, you allocate a few of your digital property like USDT to them. Every time the dealer makes a commerce, MEXC routinely copies that commerce for you utilizing your allotted funds. Nevertheless, there’s a fee. It’s essential to pay as much as 15% of your income to your lead merchants, plus common buying and selling charges.
Fast Purchase/Promote (MEXC Specific)
MEXC Specific provides a quick and handy approach for customers to purchase cryptocurrency utilizing acquainted fee strategies like SEPA, credit score and debit playing cards, and third-party fee suppliers like MoonPay, Mercuryo, Simplex, and extra.
Keep in mind, MEXC acts as a market connecting you with these third-party suppliers. They deal with the precise shopping for course of. So, they’ve totally different charges and minimal and most shopping for limits relying in your nation.
P2P Buying and selling
MEXC provides a P2P buying and selling service the place you may immediately purchase and promote cryptocurrency with different customers, utilizing your native foreign money. This implies you’re buying and selling immediately with one other individual, as an alternative of the change itself. So, there are zero charges.
The change at the moment permits buying and selling with 3 fiat currencies: Vietnamese Dong (VND), Russian Ruble (RUB), and South Korean Received (KRW). There are greater than 30 totally different fee strategies supported. This offers you flexibility to decide on a fee technique that’s handy for you, like financial institution transfers or e-wallets.
At present, MEXC helps solely 4 cryptocurrencies on its P2P market: USDT, USDC, BTC, and ETH. For added safety, IT makes use of a system known as “Escrow”. Which means that once you place a P2P order, your crypto is held by MEXC till you verify that you just’ve acquired the fee from the opposite consumer. When you verify, the crypto is launched to the client. This escrow system helps to guard each patrons and sellers from fraud.
MEXC Staking & Earn Companies
MEXC Financial savings and Loans
MEXC supplies you with choices for fastened and versatile staking, in addition to crypto loans. You possibly can lend out your cryptocurrency holdings and earn curiosity on them. That is much like placing cash in a financial savings account.
Versatile staking means that you can earn rewards whereas sustaining the flexibleness to withdraw your funds at any time.With fastened staking, you commit your funds for a particular interval in change for greater rewards, however you may’t entry them till the staking interval ends. It provides 30-day, 60-day, and 120-day fastened staking choices.
You possibly can earn as much as 50% APR on some tokens. At present, it’s providing 1.8% on BTC, 4.8% on ETH, and eight.8% APR on USDT.
There’s additionally a crypto mortgage possibility. Right here, you may borrow cryptocurrency from MEXC utilizing your current crypto holdings as collateral. When you can’t repay the mortgage, MEXC would possibly take your collateral.
MEXC calculates the curiosity daily based mostly on the precise size of your mortgage. Even borrowing for lower than a day counts as a full 1-day for curiosity.
One essential factor to notice is you could’t repay your mortgage partially. You possibly can solely make a full compensation, and you need to wait at the least 30 days after borrowing earlier than you are able to do that. This may be a downside in comparison with different exchanges like OKX and Bitget.
Kickstarter and Launchpad
Launchpad is a launching pad for promising crypto startups. MEXC fastidiously selects these tasks after a radical overview course of. This implies you will be moderately assured that the tasks on Launchpad aren’t scams and have robust potential for development. Launchpad helps these new tasks achieve recognition and funding, whilst you get the chance to be among the many first buyers.
Kickstarter is a bit totally different. Right here, it’s essential to maintain MX tokens to obtain new venture airdrops. The platform additionally provides as much as a 100% APR on MX holdings. It’s essential to maintain at the least 1,000 MX tokens for a 30-day length.
MEXC Mastercard
MEXC Mastercard is a pay as you go card issued by MEXC. This card means that you can spend your cryptocurrency holdings for on a regular basis purchases identical to an everyday debit card.
There are some issues to remember when utilizing the MEXC Mastercard:
There’s a small payment of 1% each time you add cash (top-up) to your card out of your MEXC account.A single buy can’t be greater than 3,000 USDT, and you can’t spend greater than 30,000 USDT in a month. The whole quantity you may maintain loaded on the cardboard at any given time can be capped at 100,000 USDT.Transaction charges depend upon the place you employ the cardboard. There are not any charges in case you use it throughout the European Financial Space (EEA), which incorporates most European international locations. Nevertheless, in case you use it exterior the EEA, there’s a 2% payment, with a minimal cost of 0.60 EUR per transaction.
MEXC Referral & Affiliate Program
MEXC provides a referral program and an associates program to earn rewards by inviting others to the platform. The Referral Program is a good way to get began. There’s no software course of concerned, so anybody with a MEXC account can take part. All it’s essential to do is share your distinctive referral hyperlink with your folks.
The precise quantity of fee you obtain is dependent upon what number of MX Tokens you maintain in your account. When you don’t maintain any MX Tokens, you’ll nonetheless earn a good 30% fee. Holding between 5,000 and 20,000 MX Tokens will increase your fee from 30% to 70%. One of the best half is that you just’ll proceed to earn commissions in your referrals’ buying and selling exercise for a whopping 1080 days (3 years) from the date they signed up.
The MEXC Affiliate Program is designed for people who’ve a bigger viewers, akin to bloggers, social media influencers, or web site homeowners. To develop into an affiliate, you’ll have to submit a proper software by way of the MEXC Affiliate Portal.
As soon as MEXC critiques your software and approves it, you’ll achieve entry to a singular referral hyperlink and a variety of unique advantages. In comparison with the Referral Program, associates can earn considerably greater fee charges, probably beginning to 50%.
MEXC API
MEXC provides a robust API (Software Programming Interface) for customers who need to automate their crypto buying and selling methods. This basically permits exterior purposes to work together together with your MEXC account, enabling capabilities like inserting orders, managing holdings, and accessing market knowledge. In case you are trying to make use of buying and selling bots like 3Commas and Cryptohopper, API is required.
MEXC API is well-documented, with a complete information accessible on their web site. The information particulars every API endpoint (particular perform) together with parameters and response codecs. This makes it simpler for builders to grasp and combine the API into their apps.
MEXC Charges & Buying and selling Prices
MEXC provides aggressive buying and selling charges for each spot and futures buying and selling, making it a beautiful possibility for a lot of merchants. Let’s break down the several types of charges you’ll encounter on MEXC.
Buying and selling Charges
MEXC has a two-tier payment construction for each spot and futures buying and selling, relying on whether or not your order provides liquidity (maker) or removes liquidity (taker) from the market.
Spot Buying and selling Charges: MEXC provides among the lowest spot buying and selling charges within the {industry}. Actually, there are at the moment 0% charges for makers and 0.1% for takers on all spot buying and selling pairs. This can be a promotional provide that will change sooner or later. Typically, it has a 0.1% maker/taker payment construction.Futures Buying and selling Charges: Makers get pleasure from a 0% maker payment, whereas takers incur a 0.01% taker payment.
For extra reductions on buying and selling charges relying in your buying and selling quantity, you may verify their VIP charges.
Deposit and Withdrawal Charges
MEXC usually doesn’t cost any charges for depositing cryptocurrencies. However, there may be further community charges relying on the precise cryptocurrency you’re depositing. These charges aren’t charged by MEXC however by the expertise behind the cryptocurrency itself (blockchain). The price of these charges can range relying on how busy the blockchain community is.
Withdrawal charges additionally depend upon the chosen cryptocurrency. MEXC provides a transparent payment construction, and you’ll simply discover the precise withdrawal payment for every cryptocurrency immediately on the withdrawal web page.
Right here is the final overview of MEXC withdrawal charges:
Coin
Community
Charges
USDT
TRC-20
1 USDT
Ethereum
ERC-20
0.001 ETH
Bitcoin
BTC
0.00015 BTC
Polkadot
Polkadot
0.1 DOT
What are the minimal deposit and withdrawal limits?
MEXC has limits in place for each fiat transactions and crypto withdrawals.
Fiat SEPA Promote Restrict: You possibly can promote as much as 1,000 EUR price of cryptocurrency per transaction per day utilizing SEPA, a European fee system.Credit score/Debit Card Deposit Limits: You possibly can deposit a most of 1,250 USD, 2,000 EUR, or 1,750 GBP in a single transaction utilizing your credit score or debit card.Crypto Limits: MEXC allows you to withdraw various quantities relying in your account verification degree. With a primary verification (Major KYC), you may withdraw as much as 80 Bitcoin (BTC). In case your account is absolutely verified (Superior KYC), the restrict goes as much as 200 BTC. And for institutional accounts, the utmost withdrawal restrict is even greater, at 400 BTC.
How Many Cryptocurrencies Does MEXC Assist?
MEXC World helps a staggering variety of cryptocurrencies, boasting over 2300 cash and 2800 buying and selling pairs. This consists of all the favored excessive market-cap cash you’d anticipate, like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
The platform additionally caters to these excited about exploring new cash by offering entry to a variety of low-cap cash. However that’s not all. They transcend established classes, providing tokens in numerous area of interest sectors together with Synthetic Intelligence (AI), Actual World Property (RWAs), Decentralized Finance (DeFi), and the Metaverse.
Listed here are only a few examples of the area of interest tokens you will discover on MEXC:
OCEANChainlink (LINK)Aave (AAVE)Decentraland (MANA)The Sandbox (SAND)Filecoin (FIL)Cosmos (ATOM)Algorand (ALGO)XRPPolkadot (DOT)
MEXC Safety & Rules
MEXC has carried out quite a lot of safety measures:
Two-Issue Authentication (2FA): So as to add an additional layer of safety, MEXC provides 2FA. This requires a second verification code when logging in, along with your password. You possibly can select between e-mail verification and the Google Authenticator app.Chilly Storage: It retains most of its customers’ cryptocurrency in offline storage. These wallets aren’t related to the web, making them extremely proof against hacking makes an attempt. Solely a small portion of funds is stored on-line for day-to-day operations.Encryption: MEXC makes use of two sorts of encryption: SSL (Safe Sockets Layer) and AES-256 (Superior Encryption Customary). These industry-standard protocols guarantee safe communication between your system and MEXC’s servers.Phishing Safety: The change provides an anti-phishing code function. You possibly can set a singular code that shall be included in reliable emails from MEXC. This lets you confirm if an e-mail claiming to be from MEXC is actual or a phishing try.Withdrawal Whitelisting: It means that you can limit withdrawals to solely pre-approved addresses. With this enabled, any tackle you attempt to withdraw to for the primary time shall be blocked till you manually add it to the whitelist, supplying you with additional safety towards unauthorized withdrawals.Penetration testing: MEXC repeatedly goes by way of exams that attempt to discover weaknesses of their system, like how hackers would possibly attempt to assault.Bug bounty program: They provide rewards to anybody who can discover and report bugs of their system, which helps them repair vulnerabilities earlier than they are often exploited.
Notice: MEXC doesn’t maintain a license in any jurisdiction. MEXC’s Estonian monetary license is not legitimate. Whereas it beforehand operated with this license, it has since been revoked by Estonian authorities over cash laundering expenses.
Buyer Assist
MEXC’s Assist Heart serves as your first line of protection. Accessible 24/7, the assistance middle provides a wealth of knowledge and step-by-step guides on a variety of matters. From downloading and establishing the change to understanding totally different buying and selling choices and managing your account safety, the Assist Heart equips you with all of the data.
For fast and easy inquiries, MEXC provides a handy chatbot. This AI-powered assistant can reply your primary questions and supply prompt options to widespread points.
If the chatbot doesn’t have the reply you’re in search of, otherwise you desire talking to an actual individual, MEXC additionally provides stay chat assist. Whereas wait instances might range, it means that you can join immediately with a consultant who can tackle your considerations and supply customized help. Plus, you may also submit a assist request and get in touch with them by way of Telegram.
Nevertheless, MEXC has combined buyer critiques with solely a 1.3/5 ranking on Trustpilot. It additionally has a median ranking of three.7/5 on each the Google Play Retailer and the App Retailer.
MEXC Cellular App
The MEXC app means that you can purchase, promote, and commerce cryptocurrencies conveniently out of your smartphone. It’s accessible for each Android and iOS units.
Designed with user-friendliness in thoughts, the app has a transparent and intuitive interface that caters to each rookies and skilled merchants. It has all of the options of the desktop model like buying and selling, depositing and withdrawing funds, staking, and extra. You can even arrange value alerts and obtain push notifications.
Options to MEXC
OKX and Binance are the 2 greatest options to the MEXC change. MEXC is understood for buying and selling altcoins while not having to do KYC, OKX is sweet for DeFi and Web3 stuff, and Binance has excessive quantity and liquidity.
Supported cash differ among the many platforms, with MEXC supporting over 2300 cash, whereas OKX and Binance have very low numbers, 327 and 381 respectively. In relation to leverage, MEXC provides as much as 200x, OKX provides as much as 100x, and Binance provides as much as 125x. Additionally, solely OKX and Binance provide margin and choices buying and selling, with MEXC not offering these providers.
Right here is the total comparability:
Options
MEXC
OKX
Binance
Based
2018
2017
2017
Finest for
No-KYC altcoin buying and selling
DeFi and Web3 ecosystem
Excessive quantity and liquidity
Solvent (PoR)
✓
✓
✓
Most Leverage
200x
100x
125x
Web3 Ecosystem
✗
✓
✓
Margin Buying and selling
✗
✓
✓
Choices Buying and selling
✗
✓
✓
Supported cash
2300+
327+
381+
Buying and selling charges
0% maker and 0.1% taker
0.08% maker and 0.1% taker
0.1% maker/taker
US presence
✗
Restricted (OKCoin operates)
Separate platform Binance US accessible
Native token
MX
OKB
BNB
How Do I Get Began With MEXC?
Step 1: Create an MEXC Account
First issues first, you’ll want a MEXC account. Head over to the MEXC web site and click on on “Signal Up” within the prime proper nook. The signup course of is fast and easy. Select your most well-liked technique of registration – e-mail or cellular quantity. Create a robust password and keep in mind to maintain it secure. Now comply with the phrases and circumstances and click on “Create an Account”.
Step 2: Confirm Your Identification (KYC)
MEXC, like many cryptocurrency exchanges, requires Know Your Buyer (KYC) verification. This helps forestall fraud and ensures a secure buying and selling setting for everybody. The KYC course of usually entails submitting government-issued identification paperwork and a selfie.
Go to your profile part and select “Verification”. Now, you could have two choices: Major KYC or Superior KYC. Click on whichever fits your wants. Verification might take as much as 24 hours.
Step 3: Deposit Fiat Foreign money or Crypto
Along with your account arrange and verified, it’s time to fund it. MEXC provides numerous deposit strategies relying in your area. You could find an in depth record of supported deposit strategies underneath the “Purchase Crypto” part on the MEXC web site. Some widespread choices embrace financial institution transfers, credit score/debit card purchases (the place accessible), and peer-to-peer (P2P) buying and selling.
When you already personal cryptocurrency on one other change or pockets, you may switch it to your MEXC account. Right here’s how:
Go to the “Pockets” part in your MEXC change.Click on “Deposit” and choose the precise crypto asset you need to switch.The MEXC crypto change will generate a singular deposit tackle for that specific cryptocurrency. This tackle acts like your checking account quantity however for crypto.Now, Copy the deposit tackle fastidiously.Go to your different change or pockets the place your cryptocurrency at the moment resides and discover the withdrawal part for that particular cryptocurrency.Paste the deposit tackle you copied from MEXC into the withdrawal tackle subject in your different platform.Double-check the tackle for accuracy earlier than initiating the switch. The community should be the identical on each platforms.As soon as confirmed, the cryptocurrency shall be transferred out of your different platform to your MEXC account. The transaction would possibly take a couple of minutes to finish, relying on the blockchain community.
Step 4: Begin Buying and selling Crypto
Now that your MEXC account is primed and prepared, it’s time to purchase crypto. On the MEXC web site, navigate to the “Markets” part. Throughout the buying and selling interface, you’ll see an inventory of tradable cryptocurrencies. These are usually displayed in pairs, like BTC/USDT (Bitcoin/Tether). The primary foreign money listed (e.g., BTC) represents what you’re shopping for, and the second foreign money (e.g., USDT) represents what you’re paying with.
When you’ve chosen your crypto pair, Click on on “Commerce”. When you’ve chosen your order sort (Market or Restrict), enter the quantity of cryptocurrency you need to purchase. Double-check all the main points of your order (value, quantity) earlier than confirming the transaction.
Conclusion: Is MEXC Proper for You?
Our MEXC overview highlights that the change is a compelling possibility for cryptocurrency merchants, notably these trying to spend money on new altcoins and low-fee buying and selling. Its large library of tradable property, together with over 2,300 altcoins and 300 futures contracts, caters to a various vary of buying and selling pursuits.
Nevertheless, MEXC isn’t with out limitations. Whereas KYC verification is non-obligatory, it restricts withdrawal limits for unverified accounts. Moreover, the shortage of fiat on-ramping choices is usually a barrier for rookies. It additionally doesn’t provide options like a devoted margin buying and selling portal and crypto choices buying and selling.
MEXC Trade Evaluation: FAQs
Is MEXC secure to make use of?
Sure, MEXC appears to be a reasonably safe platform total. The change has acquired an AA ranking on safety from an impartial assessor, with a rating of over 86%. This means a great degree of safety on your funds. Additionally they make use of numerous safety measures like chilly storage, 2FA, clear PoR knowledge, and extra.
Does MEXC provide fiat-to-crypto buying and selling?
No, MEXC doesn’t immediately assist fiat-to-crypto buying and selling. It solely helps crypto-to-crypto buying and selling. You’ll solely discover stablecoins pairs and BTC and ETH pairs, like BTC/USDT, ETH/USDT, and extra.
Does MEXC require KYC verification?
MEXC makes use of a tiered system for KYC verification. Whereas KYC isn’t necessary to start out utilizing the change, it unlocks extra options and will increase your withdrawal limits. For unverified customers, you may nonetheless purchase, promote, and commerce crypto, however you’ll have a ten BTC day by day withdrawal restrict. You can even full Major and Superior KYC verifications with elevated withdrawal limits of 80 BTC and 200 BTC respectively.
Are there any restrictions on utilizing MEXC within the US?
MEXC isn’t at the moment accessible to customers in the USA. That is probably as a result of the change isn’t registered with any US monetary regulators.
Can I withdraw from MEXC to my checking account?
No, MEXC doesn’t at the moment assist direct withdrawals to your checking account. This implies you can’t switch your crypto holdings immediately into your fiat checking account. You possibly can both switch your cryptocurrency from MEXC to a different change that helps fiat withdrawals like Coinbase. Or, You need to use the MEXC P2P platform to promote your cryptocurrency to different customers who’re prepared to pay with fiat foreign money.
