Table of Contents
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MEXC Review Overview
|✅ Native Token
|✅ Listed Cryptocurrency
|✅ Supported Fiat Currencies
|✅ Trading Pairs
|✅ Clients Accepted from
|Worldwide with few exceptions
|✅ Minimum Deposit
|✅ Deposit Fees
|No fees to Deposit Cryptocurrency
|✅ Transaction Fees
|Maker: 0% Taker: 0.200%
|✅ Withdrawal Fees
|Depends on Network Status
|✅ Platforms Available
|✅ Mobile App
|✅ Payment Types Accepted
|Credit Card, C2C
|✅ Customer Support
|Live Chat, FAQs, and Submit Complaint Support
What Is MEXC?
The same BingX. MEXC is a leading cryptocurrency exchange founded in April 2018 in Seychelles, East Africa. The platform has quickly become one of the top 100 exchanges in the world, with a team of blockchain industry pioneers contributing their extensive expertise and experience.
MEXC is known for its cutting-edge technology, which includes high-performance and mega transaction matching systems that enable swift and efficient trading. The exchange has a user base of over 10 million and operates across major continents and jurisdictions. It is also compliant with regulations in five reputable nations: Switzerland, Canada, Australia, and the United States.
MEXC serves over 170 countries and offers a vast selection of more than 1,520 coins (2,110+ pairs) on its platform, resulting in billions of dollars in trading volume. This broad range of coins and trading pairs, combined with global accessibility and regulatory adherence, makes MEXC an appealing choice for both seasoned traders and newcomers to the cryptocurrency market.
If you are interested in trading Bitcoin and altcoins with leverage of up to 125x, take advantage of our exclusive sign-up link on MEXC today. By using this link, you become eligible to earn a bonus of up to $9,100.
|⏩ MEXC Global
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|10% Fee Discount
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MEXC Review: Pros and Cons
- Explore a vast selection of more than 1,520 cryptocurrencies, including a strong focus on DeFi coins.
- Enjoy a user-friendly trading interface and a fully functional mobile app for seamless trading on the go.
- Benefit from a diverse range of trading products, an attractive earning program, and various order types.
- Access exchange-traded funds, a feature offered by only a handful of exchanges.
- Obtain compliance certificates for Australia, Canada, Estonia, and the U.S., ensuring regulatory adherence.
- Experience responsive 24/7 customer support with live agents to address any queries or concerns.
- Enhance your knowledge with highly educational articles and guides tailored for crypto enthusiasts.
- Leverage your trades up to 200x, allowing for amplified potential returns.
- Enjoy low trading fees that contribute to cost-effective trading.
- Register quickly and anonymously, as no Know Your Customer (KYC) process is required.
- To cash out, it is necessary to transfer funds to another exchange as fiat withdrawals are not supported.
- The cryptocurrency exchange platforms mentioned may not be widely popular in Australia.
- Quick buy options for assets may be limited, depending on the region.
Is MEXC Global Legit?Absolutely, MEXC Global is a reputable and regulated cryptocurrency exchange, possessing compliance licenses in Australia, Canada, and Switzerland. The platform places a strong emphasis on securing users' funds and has implemented various measures to achieve this, including 2-factor authentication, cold storage for all digital assets, and a stringent KYC/AML policy.Moreover, MEXC Global distinguishes itself by complying with both GDPR and FinCEN regulations, which sets it apart from many other exchanges. It operates across multiple countries and has obtained significant licenses, effectively navigating various jurisdictions like Australia, Estonia, and the United States.
How Does MEXC Exchange Work?MEXC is a cryptocurrency exchange that prioritizes the security and protection of its users' assets. With over $500 million worth of cryptocurrency deposits, MEXC utilizes cold storage wallets to safeguard these assets. This approach guarantees constant safety and security measures for the stored funds. The cold storage wallet is meticulously designed to provide a highly secure environment, and regular monitoring ensures the ongoing safety of the assets.To facilitate fast and efficient trading, MEXC employs advanced mega-transaction matching technology. This cutting-edge technology enables the platform to handle substantial trade volumes and swiftly match orders in mere milliseconds. As a result, MEXC stands out as one of the market's fastest and most reliable trading platforms.MEXC goes a step further in enhancing security by implementing two-factor authentication. This additional layer of protection requires users to enter a code sent to their mobile device or email, in addition to their password, when accessing their account or engaging in trades. By employing this robust security measure, MEXC ensures that only authorized users can access their accounts and engage in trading activities.In summary, MEXC combines the strengths of its sophisticated cold storage wallet, high-performance mega-transaction matching technology, and two-factor authentication to provide a secure and reliable trading environment. Users can trust that their assets are well-protected while benefiting from fast and efficient trading capabilities.
Review Features of MEXCMEXC is a cryptocurrency exchange with a user-friendly interface designed for high liquidity and trading volume. It offers a variety of features including margin trading, futures, P2P trading, automated trading bots, and copy trading.
User InterfaceThe trading interface of the MEXC exchange has a user-friendly design, with the “Buy” and “Sell” icons conveniently located below each asset. Adjacent to the icons, on the left side, you can find a dynamic market order book that constantly updates in real time. Additionally, a comprehensive online trading chart is accessible, offering a complete range of timeframes from one minute to one month.While this serves as the primary trading interface, MEXC caters to indicator-savvy traders by providing access to a range of advanced tools. Traders can utilize indicators such as Moving Averages, Exponential Moving Averages, Bollinger Bands, and Parabolic SAR. Furthermore, sub-indicators like Moving Average Convergence and Divergence (MACD), Absolute Strength, and real-time volumes are also available for analysis and decision-making.MEXC offers customization options, allowing users to personalize the colors and time intervals of the supported indicators according to their preferences. Additionally, the platform is directly connected to the TradingView API, providing advanced functionalities tailored to experienced investors.Overall, MEXC provides a user-friendly trading interface with convenient access to key features, customizable indicators, and integration with TradingView API for more advanced trading capabilities.
Trading OptionsDespite functioning as a centralized exchange with certain limitations compared to decentralized counterparts, MEXC Global manages to provide users with a diverse selection of trading options that are highly sought after. Here are some of the most popular trading choices available on the MEXC platform.
- Spot Grid Trading.
- Margin Trading.
- Leveraged ETFs.
- PUSH (P2P Trading).
Order TypesIn trading, two primary order types are commonly used: market orders and limit orders.A market order is promptly executed at the prevailing market price. Traders who place market orders instruct the exchange to carry out the transaction immediately, based on the prevailing market price of the asset. Market orders are suitable for those seeking quick transactions. However, it is important to note that profit margins on margin transactions can be volatile and uncertain due to continuous fluctuations in market prices.On the other hand, limit orders prioritize price over speed. With a limit order, traders can acquire or trade a specific asset, but the transaction will only be executed if there is a price in the order book that matches their requested price. Unlike market orders that trade at the spot price when the order is placed, limit orders provide greater control over the execution price.One advantage of limit orders is that they prevent traders from selling at a price lower than their desired level. However, if the requested price is not available in the order book, the limit order may not be executed. To manage this risk, speculators often use stop-loss and take-profit orders to protect against unfavorable scenarios.
MEXC EarnMEXC Global Earn provides various products, including staking, third-party DeFi services, and trade mining. Trade mining allows users to earn rewards by trading specific currencies, with pool rewards distributed based on transaction volume.Staking offers the opportunity to generate passive income from cryptocurrencies held, both through fixed and flexible terms. Fixed staking options include ETH, EOS, USDT, HYDRA, DOT, BTC, and KSM, with term durations ranging from 1 to 30 days and APYs between 1.50% and 68%. Flexible staking encompasses a diverse range of thirty assets without any specified term limit, allowing users to earn yields that range from a few basis points up to approximately 6% APY.While MEXC excludes certain stackable assets like SOL and ADA, it's important to note that many platforms do not support staking for these assets either. Although the APYs for flexible staking may not be particularly enticing, the fixed staking options offer more competitive APYs, determined by the protocols themselves.Overall, MEXC Global Earn provides opportunities for users to engage in staking, benefit from third-party DeFi services, and participate in trade mining, contributing to potential earnings from their crypto holdings.
Mobile AppMEXC Global provides dedicated applications for both iPhone and Android devices, granting users the convenience of accessing the platform anytime and anywhere. The mobile app offers the same functionality as the desktop version, allowing users to engage in spot trading and margin trading from around the globe.Existing MEXC Global exchange account holders can benefit greatly from the app, as it enables seamless access to their accounts and effortless management of their trades. Moreover, new users can easily register for the platform directly through the app, streamlining the onboarding process.To safeguard your funds and personal information, it is vital to download the official MEXC app exclusively from trusted sources such as the App Store for iPhone or Google Play for Android devices. Be cautious of unofficial or fraudulent applications that may attempt to exploit your information and gain unauthorized access to your funds.
Blog/AcademyMEXC's blog serves as an outstanding resource for platform updates, offering a wealth of information in well-organized and comprehensive articles. It covers various subsections such as Industry News and Altcoins, providing valuable insights into the latest news and emerging projects within the space. If you're interested in expanding your knowledge about the industry, MEXC's blog is definitely worth exploring.For those seeking to learn more about blockchain technology or obtain trading advice tailored to beginners, the Academy section is a valuable resource. Similar to the blog, it provides educational content but places a stronger focus on learning rather than news updates.Overall, MEXC's blog and Academy sections offer exceptional resources for staying informed about platform updates, industry news, and educational content related to blockchain technology and trading.
MEXC Review Services
Buy and Sell Crypto DirectlyMEXC exchange provides a user-friendly platform that streamlines the process of buying and selling digital assets. Its intuitive interface and easily accessible top menu allow users to navigate the platform effortlessly and access the buying and selling features with just a few clicks. When accessing the buying and selling page, users are presented with a diverse range of fiat currencies and digital assets to choose from, as well as customizable payment methods to cater to individual preferences. With MEXC, executing crypto transactions is quick and efficient, empowering users to buy or sell digital assets within seconds.
Spot TradingSpot trading serves as the foundation for any cryptocurrency exchange, including MEXC. It functions as the primary marketplace where users can engage in buying and selling cryptocurrencies. For those new to the world of cryptocurrencies, spot trading refers to the act of exchanging one cryptocurrency for another. As a centralized exchange, MEXC offers a diverse array of options for spot trading, ensuring a satisfactory level of liquidity. With over 1,520 cryptocurrencies and more than 2,000 trading pairs available, MEXC provides an ideal platform for users seeking various trading opportunities. Whether you're a seasoned trader or a beginner, MEXC's spot market is a reliable choiceStep 1: Log in to MEXC Website, click on Spot – Spot on the top menu bar, and go to the spot trading pageTo access the MEXC Spot Market, simply click on the “Trade” tab located at the top left corner and select the “Spot” option. This will take you to the spot trading market interface, where you can choose your desired trading pair. You will have access to candlestick charts specific to the selected trading pair, and below that, you can place your order.Step 2: Spot Trading Interface IntroductionWhen it comes to order placement, MEXC offers two options: limit orders and market orders. A limit order allows you to trade an asset at a specified price, while a market order enables the immediate purchase of the asset at the current market price. This flexibility empowers you to select the option that aligns best with your trading strategy.
- (1). Market PriceTrading volume of trading pair in 24 hours
- (2). Asks (Sell orders) book
- (3). Bids (Buy orders) book
- (4). Candlestick chart and Technical Indicators
- (5). Trading Type: Spot / ETF / Margin / Futures / OTC
- (6). Type of order: Limit / Market / Stop-limit
- (7). Buy Cryptocurrency
- (8). Sell Cryptocurrency
- (9). Market and Trading pairs.
- (10). Market latest completed transaction
- (11). Your Limit Order / Stop-limit Order / Order History
Margin TradingMEXC exchange provides a comprehensive range of services for trading digital assets, including spot trading and margin trading. Margin trading offers an opportunity to enhance your trading capabilities by borrowing funds from a third party. This allows you to capitalize on even small price fluctuations in the market, making it particularly advantageous in low-volatility markets such as Forex. With leverage of up to 10x, you can amplify your potential profits. While margin trading is available for a majority of the top cryptocurrencies, it's important to note that it is not offered for all cryptocurrencies. By incorporating this additional feature, MEXC exchange caters to a diverse range of traders, from novices to experienced individuals.To access the margin trading feature, simply navigate to the “Trading” tab located at the top left corner. The interface for margin trading is identical to that of spot trading, ensuring a seamless experience for users.
Futures ContractsFutures trading is a widely adopted tool used by traders and is offered by reputable cryptocurrency exchanges such as MEXC. It allows you to speculate on the price movements of a cryptocurrency without owning the actual asset, providing an opportunity to profit from both upward and downward price fluctuations. While certain cryptocurrency features like staking may not be available, you can still engage in speculative trading based on the asset's price movements. MEXC provides futures trading with leverage of up to 200x on specific cryptocurrencies, accompanied by competitive spreads, enabling a diverse range of trading possibilities.Moreover, MEXC ensures exceptional futures liquidity for the top 50 cryptocurrencies, enhancing the trading experience for users.To access future contracts on the MEXC exchange, simply locate the “Derivatives” tab at the top left corner of the interface and click on it. From there, select the “Futures” option to explore the available future contracts.You can choose between USD-M or COIN-M future contracts, depending on your preferred currency for contract settlements, allowing for flexibility in your trading endeavors.
Leverage ETFsMEXC exchange presents users with the opportunity to engage in ETF (exchange-traded fund) trading. ETFs are investment tools that enable traders to gain exposure to an asset without actual ownership. These funds closely mirror the price and overall performance of specific assets or asset groups, providing a convenient means to invest in cryptocurrencies without the complexities of regulatory procedures.Furthermore, the MEXC exchange introduces leveraged ETF trading as an additional feature. This form of trading allows users to amplify the yield rate of an underlying asset by a certain factor, typically three. For example, if the price of ETH rises by 5%, a leveraged ETF offering 3x returns on ETH would experience a 15% increase. Traders appreciate this type of trading as it offers the potential for higher returns while effectively managing the risks associated with liquidation. Currently, the MEXC exchange provides 3x long and 3x short ETFs for specific coins, expanding the range of trading options available to users.The leveraged ETFs provide several noteworthy features:
- One-Click Opening: Easily open leveraged positions with just one click, simplifying the trading process.
- No Margin or Liquidations: Trading leveraged ETFs eliminates the need for margin requirements or concerns about liquidations, reducing potential risks.
- Risk Control: Robust risk control mechanisms are in place to help manage and mitigate potential risks associated with leveraged ETF trading.
- Auto-Compound Profit: Leveraged ETFs offer the advantage of auto-compounding profits, allowing for potential increased returns over time.
PUSH (Peer-to-Peer Trading)MEXC exchange introduces PUSH, a feature that facilitates peer-to-peer (P2P) trading. P2P trading enables direct trading between users, eliminating the need for intermediaries and fostering a decentralized trading environment. This feature holds a significant role in the cryptocurrency trading ecosystem, offering enhanced transaction flexibility and security. MEXC recognizes the value of P2P trading and has integrated PUSH into its platform, providing users with an additional trading option. With PUSH, users can effortlessly trade their crypto assets directly with others, without any interference from a central authority. This feature not only enhances transaction privacy but also strengthens overall transaction security. It's important to note that completion of the KYC (Know Your Customer) process is required to access this feature.
StakingMEXC exchange presents a unique opportunity for users to generate passive income through staking. By holding specific digital assets, users can earn returns on their investments. The Proof-of-Stake mechanism empowers users to validate transactions on the blockchain network and receive interest rewards in return, making this opportunity possible.When users explore the staking section on the MEXC platform, they will discover a diverse range of popular cryptocurrencies available for staking, such as Bitcoin, Ethereum, and Polkadot. Users have the flexibility to choose between flexible and locked staking options, tailoring their staking strategy according to their investment objectives and risk tolerance.The interest rates on staked assets may vary depending on market conditions and the specific coin. While most coins offer an Annual Percentage Yield (APY) below 10%, it still presents a favorable return for users holding a significant quantity of coins. It's worth mentioning that certain newly introduced coins might provide even higher returns on staking. MEXC exchange acknowledges the importance of staking as a means of generating passive income and strives to ensure easy accessibility and user-friendliness for its users.At MEXC, users have the option to choose between flexible and fixed Staking options. With flexible staking, users retain the ability to withdraw their funds at any time.
How to KYC Verification MEXC Account?Without verification, MEXC limits your withdrawal to 5 BTC/24h, after verification, you can increase the withdrawal limit to 40 → 100 BTC/24-hour. + Verified Plus Increase your 24-hour withdrawal limit to 100 BTC – Personal information – Facial recognition + Primary KYC Increase your 24-hour withdrawal limit to 40 BTC – Personal informationMEXC can verify as an organization or an individual, you click KYC for individuals.In the main KYC section, select Go to Verify.Enter the information and upload the front of the Driving license/ID card/Passport to send verification.After submitting the documents, wait for them to approve and your account has been successfully verified, you can do advanced verification to increase the withdrawal limit on the exchange.
Verify phone number/EmailIt depends on what information you used to sign up for the account. If you use the registered email then you need to verify the phone number and vice versa.Click on “Security”
For phone number verification:+ Click on “Mobile Verification” then select “Enable”+ Click to select the area code and then enter the phone number you want to link.+ Click “Send now” and then enter the code in the box after the confirmation code is sent to your phone number.+ Click “Send now” and then enter the code in the box after the confirmation code is sent to your email.+ Then click “Confirm”
For email authentication:You also do the same by verifying the phone number. Then enter the verification code in the box and then click “Email Authentication” to complete.
Activate 2-step security 2FA on MEXCAlso in the Security Center site, in the Google Authentication section, select “Open”.Step 1: You turn on Google Authentication on your phone to scan the QR code or enter the secret on the side.Step 2: Enter the login password.Step 3: Click “get right now” to receive the email captcha verification code.Step 4: Enter the code displayed in Google Authentication and then click “bind” to complete the link.
Does MEXC Global require KYC?Completing the Know Your Customer (KYC) procedure is mandatory for trading on MEXC. The exchange implements KYC as a means to differentiate between legitimate and illegitimate traders, ensuring a secure and compliant trading environment. Therefore, undergoing the KYC process is a requirement for accessing trading features on the platform.
Supported CryptocurrenciesThe availability of a diverse range of assets is an essential consideration for investors and traders in the cryptocurrency space. MEXC stands out in this aspect, as it offers an extensive selection of over 370 cryptocurrencies and more than 750 trading pairs.This wide range of options provides users with the flexibility to engage in trading, buying, or selling activities based on their preferences and investment strategies. MEXC supports a variety of cryptocurrencies, including well-known and highly discussed projects, as well as emerging and lesser-known ones.When utilizing the MEXC exchange, it is prudent to carefully evaluate all the available choices and make informed decisions before committing significant capital. By conducting thorough research and analysis, investors and traders can optimize their investment opportunities and navigate the dynamic cryptocurrency market more effectively.
How to Download and Install MEXC App for WindowsThe MEXC trading platform app is exactly like its web version. Therefore, it will be as easy for you to trade, deposit, and withdraw as the web version.To download the Binance application for your computer, visit here:
Your MEXC installer will start downloading automatically after a few seconds. If this does not happen, restart the download.After successful download, you proceed with the following steps to install it for your PC/Laptop:Step 1: Save the Mexc.zip file on your computer.Step 2: Then extract the file MEXC.zipStep 3: Open file MexcBrowser Setup.exeStep 4: Wait for the software to finish installing.
Log in MEXC app on your PhoneYou use the information you just registered for the MEXC account above to log in.Go to Email to receive a verification code and paste it in to log in to your MEXC account.Besides, you can scan the Qr Code to download the MEXC Global App on your phone.
Deposit & Withdrawal MethodsMEXC has partnered with various third-party merchants to offer customers a diverse range of deposit options. Alongside popular payment methods like Visa, Mastercard, and Bank Transfer, users can conveniently use Apple Pay or Google Pay to directly purchase cryptocurrencies.Please note that the availability of fiat payment options may vary depending on your country of residence. However, cryptocurrency deposits are accessible to all users, regardless of location.While direct fiat withdrawals are not supported on the MEXC platform, users can still sell their cryptocurrencies for fiat using the peer-to-peer trading feature. This allows for a smooth transition from cryptocurrency holdings to traditional currencies when necessary.
MEXC FeesMEXC Exchange offers its users a competitive fee structure. One notable advantage of using MEXC is that there are no fees for depositing funds onto the platform. This means users can add funds to their accounts without incurring any additional costs.For trading on the spot market, MEXC charges 0% for maker orders and 0.1% for taker orders when buying and selling cryptocurrencies. Taker orders can be further reduced with a 20% discount for users holding the MX token. By enabling fee settlement with MX tokens, users can reduce their spot trading fee to as low as 0.16%. This makes the transaction costs highly competitive in the market, comparable to other low-cost exchanges like Binance.Makers trading futures on MEXC do not incur any fees. Takers were previously charged 0.06%, but the exchange has recently lowered the fee to 0.03%. This is quite cost-effective and similar to the margin trading platform Bybit. Just like in the spot market, paying with an MX token provides a 10% discount when using leverage. Additionally, the fees can be further reduced based on the user's monthly trading volume, reaching as low as 0.014% for makers and 0.042% for takers for investors with a volume of $500 million and above.Overall, MEXC's fee structure is competitive compared to other exchanges, and users can benefit from reduced trading costs by holding the MX token.See more here: Discover all MEXC fees and rates in one place
MEXC Deposit FeesDepositing cryptocurrency into your MEXC account is completely free of charge.Please note that fiat deposits are not available on MEXC. However, users have the option to use fiat currency to directly purchase cryptocurrencies. The fees for these transactions will vary depending on the third-party merchants involved, typically ranging from 3-5%. To determine the exact fee associated with your preferred fiat payment method, you can select the method during the purchase process, and the fee will be displayed for your reference before finalizing the transaction.
MEXC Trading FeeMEXC offers a spot trading fee of 0% for makers and 0.1% for takers. For Futures trading, the fee is 0% for makers and 0.03% for takers. Sign up now to enjoy a 10% discount on all your trading fees and receive a $30 FREE USDT as a bonus.
MEXC Fiat Withdrawal FeesAlthough MEXC does not offer cash withdrawals, you can still sell your cryptocurrencies for fiat currency using the P2P (peer-to-peer) marketplace available on the platform. The P2P marketplace on MEXC offers free trading, allowing you to set your preferred price when selling your cryptocurrencies. By listing your desired price, you can wait for a willing buyer to meet your terms and complete the transaction without paying any extra fees.
MEXC Crypto Withdrawal FeesMEXC applies varying withdrawal fees for each cryptocurrency. While some coins have no withdrawal fees, others have specific fees associated with them. To access detailed information regarding the withdrawal fees for each coin, you can refer to the MEXC fee page.
MEXC Affiliate ProgramTo foster the growth of the crypto community and collaborate with like-minded individuals, MEXC has introduced the MEXC Affiliate Program. By participating in this program, you can generate a unique referral link, which can be shared with anyone interested in crypto trading. When individuals click on your referral link and complete the registration process, they become your referrals. You will then receive commissions based on the trades executed by your invitees, whether in MEXC spot, Futures, or ETF.Here are the benefits of joining the MEXC Affiliate Program:
- Super High Rebate: Earn up to a 70% referral rebate on commissions, along with sub-affiliate rebates.
- High Bonus: Eligible MEXC Affiliates receive monthly airdrop bonus incentives.
- Nomination Rights: Gain the privilege to suggest investment projects or list projects to MEXC.
- Exclusive Activities: Participate in exclusive trading events tailored for affiliates.
- VIP Service: Access 24/7 personalized support from professional customer managers.
- Permanent Rebate: Enjoy a permanent rebate period for sustained benefits.
- API Telegram: https://t.me/MEXCAPIsupport
- Telegram: https://t.me/MEXCEnglish
- MEXC ETF: https://t.me/MEXCETFCommunity
- MEXC Futures: https://t.me/MEXCFutures
- Twitter: https://twitter.com/MEXC_Global
- Facebook: https://www.facebook.com/mexcglobal
- Instagram: https://www.instagram.com/mexcglobal/
- Medium: https://medium.com/mexcglobal
- Discord: https://discord.gg/agZNfksc2T
- Blog: https://blog.mexc.com/