In response to Coingecko, MEXC is among the many prime 10 crypto exchanges. It has a every day buying and selling quantity of over $800 million, making it your best option for brand spanking new merchants. On this MEXC evaluation, we’ll cowl every part from its intensive coin choice and low charges to its safety measures and consumer interface. By the tip of this evaluation, you’ll have a transparent view of what MEXC brings to the desk and whether or not it’s a good trade for you.
Key Takeaways:
MEXC is a crypto trade with options like spot buying and selling, futures buying and selling with as much as 200x leverage, and incomes curiosity on crypto holdings.It’s also a preferred no-KYC crypto trade with a 10BTC every 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
Sorts
Crypto buying and selling platform
Yr Based
2018
Supported International locations
170+
Supported Cash
2300+ belongings 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 on.
Fee Strategies
SEPA, credit score/debit card, third-party fee suppliers like MoonPay and Mercuryo, and so on.
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 information, anti-phishing code, withdrawal tackle whitelisting, and extra
Restricted International locations
North Korea, Cuba, Sudan, Syria, Iran, Crimea, Mainland China, Indonesia, Singapore, Venezuela, the US, and Canada
Buyer Service
Stay chat, assist discussion board, assist ticket system
Cellular App
Android and iOS
What Is MEXC?
MEXC, previously referred to as MXC Trade, is a world crypto buying and selling trade that means that you can purchase, promote, and commerce digital belongings. Based in 2018, it has grown quickly to serve over 10 million customers in additional than 170 nations and areas worldwide. Inside a yr, the trade captured 5% of the worldwide crypto trade buying and selling market. Their success continued in 2021 once they received “Greatest Crypto Trade Asia” on the Dubai Crypto Expo. The corporate has not publicly disclosed its founders but, however it 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 trade presents a variety of providers to its customers. These embrace spot buying and selling, futures buying and selling, P2P buying and selling, and duplicate buying and selling. For these excited about a extra diversified portfolio, MEXC options staking and incomes providers, a launchpad for brand spanking new initiatives, and demo buying and selling freshmen. Builders can even leverage MEXC’s API to combine information into their very own functions.
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 trade is straightforward to make use of, even for freshmen, due to its clear and easy interface. Safety can also be a prime precedence. They maintain most consumer funds in offline storage (chilly storage) and comply with strict worldwide safety guidelines to maintain your crypto secure.
Execs of MEXC
Futures makers can take pleasure in zero charges and takers as little as 0.01%, nicely 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% APYTake pleasure in as much as 200x leverage on sure perpetual contractsIEOs on MEXC Launchpad have seen returns exceeding 500%.MEXC presents distinctive liquidity for futures buying and selling, that means sooner order execution and tighter spreads.
Cons of MEXC
It’s best for crypto-to-crypto buying and selling solely and you may’t simply purchase crypto with many native fiat currencies.MEXC has restricted providers or options in sure geographical areas together with the USNo Web3 options like DeFi providers and NFT market
Buying and selling Options of MEXC Trade
Spot Buying and selling
MEXC presents a spot buying and selling platform the place you should purchase 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 trade helps several types of buying and selling pairs. This consists of stablecoin-to-crypto pairs and crypto-to-crypto pairs. For instance, you possibly can commerce BTC/USDT, BTC/USDC, BTC/ETH, and BTC/TUSD.
On the subject of shopping for and promoting these cryptocurrencies, MEXC offers you with quite a lot of order sorts to fit your buying and selling methods. Listed below are a couple of of the most typical ones:
Restrict Order: This allows you to specify the goal worth you need to purchase or promote a cryptocurrency at. Your order will solely be executed if the market worth reaches your chosen worth level.Market Order: That is the best method 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 most effective accessible market worth at that second.Cease-Restrict Order: This combines parts of each restrict and stop-loss orders. You set a “cease worth” that triggers the order to turn out to be a restrict order if the market worth reaches that time. That is helpful for managing threat. As an illustration, you may need some Ethereum (ETH) and need to promote it mechanically if the worth drops under a sure stage. With a stop-limit order, you set your cease worth and a restrict worth to make sure you don’t promote for too excessive.One Cancels the Different (OCO): It is a extra superior possibility for skilled merchants. You set two orders on the identical time, a “stop-loss” order to promote if the worth goes down an excessive amount of, and a “take-profit” order to promote if the worth goes as much as a sure level. Whichever order will get stuffed first, the opposite one will get canceled mechanically.
MEXC additionally has a bunch of technical indicators that can assist you resolve what to purchase and promote. These embrace well-liked instruments like Okay-lines, transferring averages, and MACD. These instruments allow you to see developments in costs.
The trade even integrates with TradingView, a complicated charting platform utilized by many consultants. 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 hard and fast worth on a selected date sooner or later.
The MEXC trade presents greater than 300 futures contracts. These contracts include leverage of as much as 200x, which suggests you possibly can management a a lot bigger place than your preliminary funding.
There are two predominant forms 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 worth.Coin-Margined Perpetual Futures are settled within the precise cryptocurrency. So, when you’ve got an extended place on a Bitcoin contract, you get BTC whenever you shut the place.
Bear in mind, as an alternative of conventional futures, MEXC presents perpetual contracts, which wouldn’t have expiration dates.
MEXC goes past the essential order sorts accessible within the spot market and presents superior order sorts to provide you extra management over your trades.
Trailing cease orders: These mechanically comply with the worth of a crypto. If the worth goes up, your order will increase too, locking in these positive aspects. 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 worth to look at for, and your purchase or promote order solely prompts when that worth is reached.Publish-only orders: You set in an order to purchase or promote at a sure worth, however it solely goes by means of if there’s another person prepared to commerce at that worth. It’s a method 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 danger of worth slippage whereas shopping for.
MEXC enables you to select between two margin modes in your futures trades. Remoted margin mode makes use of solely a certain quantity of your pockets steadiness for every place. This implies positive aspects 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, however it additionally has a much bigger threat of shedding every part if the market goes in opposition to you.
MEXC Futures M-Day
Futures-M Day is a MEXC occasion that encourages customers to take part in futures buying and selling with decreased 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 e-book, 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 presents prizes like futures bonuses, which can be utilized as a further margin in your trades. Principally, you get more cash to commerce with and any income you make are yours to maintain.Further 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 presents 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 offers 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 similar to you’d in the actual market.
The important thing distinction is that these are simulated funds, so any wins or losses you expertise received’t have an effect on your precise pockets.
The Demo Buying and selling platform mimics the feel and appear of the actual MEXC futures market. You’ll see reside market information, charts, and order sorts, permitting you to apply putting purchase and promote orders.
Copy Buying and selling
MEXC can also be a preferred crypto copy buying and selling platform. This sounds difficult, however it’s a method so that you can earn money by following the trades of skilled merchants.
There are two sides to MEXC copy buying and selling. You generally is a “follower” who copies different merchants, otherwise you generally is a “lead dealer” whose trades are copied by others.
To be a follower, you merely decide a lead dealer you want based mostly on their efficiency and historical past. MEXC enables you to see issues like their 7-day ROI (Return on Funding), 7-day PNL (Revenue and Loss), 7-day Win Fee, Whole ROI, Whole PNL, and Whole Win Fee. This info helps you resolve who to comply with.
When you decide a dealer to comply with, you allocate a few of your digital belongings like USDT to them. Each time the dealer makes a commerce, MEXC mechanically copies that commerce for you utilizing your allotted funds. Nonetheless, there’s a fee. You could pay as much as 15% of your income to your lead merchants, plus common buying and selling charges.
Fast Purchase/Promote (MEXC Categorical)
MEXC Categorical presents a quick and handy method 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.
Bear 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 presents a P2P buying and selling service the place you possibly can instantly purchase and promote cryptocurrency with different customers, utilizing your native forex. This implies you’re buying and selling instantly with one other particular person, as an alternative of the trade itself. So, there are zero charges.
The trade at present 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 provides you flexibility to decide on a fee methodology 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 whenever you place a P2P order, your crypto is held by MEXC till you affirm that you just’ve acquired the fee from the opposite consumer. When you affirm, the crypto is launched to the customer. This escrow system helps to guard each patrons and sellers from fraud.
MEXC Staking & Earn Providers
MEXC Financial savings and Loans
MEXC offers you with choices for mounted and versatile staking, in addition to crypto loans. You may 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 pliability to withdraw your funds at any time.With mounted staking, you commit your funds for a selected interval in trade for increased rewards, however you possibly can’t entry them till the staking interval ends. It presents 30-day, 60-day, and 120-day mounted staking choices.
You may 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 possibly can borrow cryptocurrency from MEXC utilizing your present crypto holdings as collateral. When you can’t repay the mortgage, MEXC would possibly take your collateral.
MEXC calculates the curiosity on daily basis 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 which you could’t repay your mortgage partially. You may solely make a full compensation, and you must wait not less than 30 days after borrowing earlier than you are able to do that. This could be a disadvantage 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 initiatives after a radical evaluation course of. This implies you may be moderately assured that the initiatives on Launchpad usually are not scams and have sturdy potential for development. Launchpad helps these new initiatives achieve recognition and funding, when you get the chance to be among the many first buyers.
Kickstarter is a bit totally different. Right here, it’s good to maintain MX tokens to obtain new mission airdrops. The platform additionally presents as much as a 100% APR on MX holdings. You could maintain not less than 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 similar to a daily debit card.
There are some issues to bear in mind 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 entire quantity you possibly can maintain loaded on the cardboard at any given time can also be capped at 100,000 USDT.Transaction charges rely upon the place you utilize the cardboard. There are not any charges in the event you use it inside the European Financial Space (EEA), which incorporates most European nations. Nonetheless, in the event you use it outdoors the EEA, there’s a 2% payment, with a minimal cost of 0.60 EUR per transaction.
MEXC Referral & Affiliate Program
MEXC presents 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 good to do is share your distinctive referral hyperlink with your folks.
The precise quantity of fee you obtain depends 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, equivalent to bloggers, social media influencers, or web site homeowners. To turn out to be an affiliate, you’ll have to submit a proper software by means 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 spread of unique advantages. In comparison with the Referral Program, associates can earn considerably increased fee charges, probably beginning to 50%.
MEXC API
MEXC presents a strong API (Software Programming Interface) for customers who need to automate their crypto buying and selling methods. This primarily permits exterior functions to work together together with your MEXC account, enabling features like putting orders, managing holdings, and accessing market information. If you’re wanting 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 know and combine the API into their apps.
MEXC Charges & Buying and selling Prices
MEXC presents aggressive buying and selling charges for each spot and futures buying and selling, making it a lovely 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 presents a few of the lowest spot buying and selling charges within the {industry}. In reality, there are at present 0% charges for makers and 0.1% for takers on all spot buying and selling pairs. It is a promotional supply that will change sooner or later. Usually, it has a 0.1% maker/taker payment construction.Futures Buying and selling Charges: Makers take pleasure in 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 possibly can examine their VIP charges.
Deposit and Withdrawal Charges
MEXC usually doesn’t cost any charges for depositing cryptocurrencies. However, there could be further community charges relying on the particular cryptocurrency you’re depositing. These charges usually are not charged by MEXC however by the know-how behind the cryptocurrency itself (blockchain). The price of these charges can range relying on how busy the blockchain community is.
Withdrawal charges additionally rely upon the chosen cryptocurrency. MEXC presents a transparent payment construction, and you may simply discover the precise withdrawal payment for every cryptocurrency instantly 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 may 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 may 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 enables you to withdraw various quantities relying in your account verification stage. With a primary verification (Major KYC), you possibly can 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 increased, 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 varied area of interest sectors together with Synthetic Intelligence (AI), Actual World Property (RWAs), Decentralized Finance (DeFi), and the Metaverse.
Listed below are just some examples of the area of interest tokens yow 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 presents 2FA. This requires a second verification code when logging in, along with your password. You may select between e-mail verification and the Google Authenticator app.Chilly Storage: It retains most of its customers’ cryptocurrency in offline storage. These wallets usually are not linked to the web, making them extremely proof against hacking makes an attempt. Solely a small portion of funds is saved on-line for day-to-day operations.Encryption: MEXC makes use of two forms of encryption: SSL (Safe Sockets Layer) and AES-256 (Superior Encryption Normal). These industry-standard protocols guarantee safe communication between your system and MEXC’s servers.Phishing Safety: The trade presents an anti-phishing code function. You may set a singular code that might be included in legit 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 prohibit withdrawals to solely pre-approved addresses. With this enabled, any tackle you attempt to withdraw to for the primary time might be blocked till you manually add it to the whitelist, supplying you with further safety in opposition to unauthorized withdrawals.Penetration testing: MEXC commonly goes by means of assessments 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.
Observe: 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 costs.
Buyer Assist
MEXC’s Assist Middle serves as your first line of protection. Accessible 24/7, the assistance middle presents a wealth of knowledge and step-by-step guides on a variety of subjects. From downloading and organising the trade to understanding totally different buying and selling choices and managing your account safety, the Assist Middle equips you with all of the data.
For fast and simple inquiries, MEXC presents a handy chatbot. This AI-powered assistant can reply your primary questions and supply instantaneous options to widespread points.
If the chatbot doesn’t have the reply you’re on the lookout for, otherwise you favor talking to an actual particular person, MEXC additionally presents reside chat assist. Whereas wait instances could range, it means that you can join instantly with a consultant who can tackle your issues and supply personalised help. Plus, you can too submit a assist request and speak to them by means of Telegram.
Nonetheless, MEXC has combined buyer critiques with solely a 1.3/5 ranking on Trustpilot. It additionally has a mean 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 freshmen and skilled merchants. It has all of the options of the desktop model like buying and selling, depositing and withdrawing funds, staking, and extra. It’s also possible to arrange worth alerts and obtain push notifications.
Alternate options to MEXC
OKX and Binance are the 2 greatest options to the MEXC trade. MEXC is understood for buying and selling altcoins while not having to do KYC, OKX is nice 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. On the subject of leverage, MEXC presents as much as 200x, OKX presents as much as 100x, and Binance presents as much as 125x. Additionally, solely OKX and Binance supply 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
Greatest 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 simple. Select your most popular methodology of registration – e-mail or cell quantity. Create a powerful password and bear in mind to maintain it secure. Now comply with the phrases and circumstances and click on “Create an Account”.
Step 2: Confirm Your Id (KYC)
MEXC, like many cryptocurrency exchanges, requires Know Your Buyer (KYC) verification. This helps stop fraud and ensures a secure buying and selling setting for everybody. The KYC course of usually includes submitting government-issued identification paperwork and a selfie.
Go to your profile part and select “Verification”. Now, you might have two choices: Major KYC or Superior KYC. Click on whichever fits your wants. Verification could take as much as 24 hours.
Step 3: Deposit Fiat Forex or Crypto
Along with your account arrange and verified, it’s time to fund it. MEXC presents varied deposit strategies relying in your area. You could find an in depth checklist of supported deposit strategies beneath 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 trade or pockets, you possibly can switch it to your MEXC account. Right here’s how:
Go to the “Pockets” part in your MEXC trade.Click on “Deposit” and choose the particular crypto asset you need to switch.The MEXC crypto trade will generate a singular deposit tackle for that individual cryptocurrency. This tackle acts like your checking account quantity however for crypto.Now, Copy the deposit tackle fastidiously.Go to your different trade or pockets the place your cryptocurrency at present resides and discover the withdrawal part for that particular cryptocurrency.Paste the deposit tackle you copied from MEXC into the withdrawal tackle discipline in your different platform.Double-check the tackle for accuracy earlier than initiating the switch. The community have to be the identical on each platforms.As soon as confirmed, the cryptocurrency might 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 forex listed (e.g., BTC) represents what you’re shopping for, and the second forex (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 (worth, quantity) earlier than confirming the transaction.
Conclusion: Is MEXC Proper for You?
Our MEXC evaluation highlights that the trade is a compelling possibility for cryptocurrency merchants, significantly these trying to put money into new altcoins and low-fee buying and selling. Its large library of tradable belongings, together with over 2,300 altcoins and 300 futures contracts, caters to a various vary of buying and selling pursuits.
Nonetheless, MEXC isn’t with out limitations. Whereas KYC verification is non-compulsory, it restricts withdrawal limits for unverified accounts. Moreover, the shortage of fiat on-ramping choices generally is a barrier for freshmen. It additionally doesn’t supply options like a devoted margin buying and selling portal and crypto choices buying and selling.
MEXC Trade Assessment: FAQs
Is MEXC secure to make use of?
Sure, MEXC appears to be a reasonably safe platform total. The trade has acquired an AA ranking on safety from an impartial assessor, with a rating of over 86%. This means a very good stage of safety in your funds. In addition they make use of varied safety measures like chilly storage, 2FA, clear PoR information, and extra.
Does MEXC supply fiat-to-crypto buying and selling?
No, MEXC doesn’t instantly 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 trade, it unlocks extra options and will increase your withdrawal limits. For unverified customers, you possibly can nonetheless purchase, promote, and commerce crypto, however you’ll have a ten BTC every day withdrawal restrict. It’s also possible to 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 present accessible to customers in the US. That is doubtless as a result of the trade isn’t registered with any US monetary regulators.
Can I withdraw from MEXC to my checking account?
No, MEXC doesn’t at present assist direct withdrawals to your checking account. This implies you can’t switch your crypto holdings instantly into your fiat checking account. You may both switch your cryptocurrency from MEXC to a different trade that helps fiat withdrawals like Coinbase. Or, You should utilize the MEXC P2P platform to promote your cryptocurrency to different customers who’re prepared to pay with fiat forex.