MEXC Exchange Review
MEXC is a centralized exchange that occupies #15 on Guru InvestingExchange Tracker. MEXC has trading volume US$1,417,370,181 in the last 24 hours and US$630,457,565,372 in the last 7 days.
MEXC currently has 1850 cryptocurrencies, 15 paper currencies and 2244 markets (cryptocurrency trading pairs). The most popular trading pair on MEXC is BTC/USDT.
Compare MEHS next to other exchanges here: Exchange comparison tool.
MEHS is a centralized cryptocurrency exchange (CEX). The platform, based in Seychelles, offers spot and futures marketsand Margin and ETF trading. Additionally, users can access market simulations, grid trading and betting services.
The MEXC cryptocurrency exchange is available in more than 70 countries. The company has received licenses to operate and passed jurisdiction in Estonia, Australia, Switzerland, Canada and the USA. The platform offers more than 1,500 assets. MEXC is KYC compliant. The service is available on both desktop and mobile devices.
Markets
The MEXC crypto exchange ecosystem hosts its own asset, MX. Customers who have MX in their accounts are eligible to deduct MEXC cryptocurrency fees. In addition, MEXC VIP users also receive special discounts and commission rates.
There are over 2,100 MEXC trading pairs available in the spot market and over 200 in derivatives trading. The spot market mainly offers listing of cryptocurrencies. According to the company, new assets are often listed on the MEXC crypto exchange.
MEXT supports margin and quantitative (grid) trading. This allows for quantitative trading strategies on the MEXC spot market. Clients can manually configure their preferred strategies or use a trading bot without additional MEXC exchange fees.
The MEXC spot market has fixed maker-taker commission rate 0.200%. MX token holders can receive a 20% discount on MEXC cryptocurrency fees.
Eat two types of futures contracts on the MEXC cryptocurrency exchange – with USDT margin (USDT-M) and coin margin (COIN-M). MEXT also supports demo trading. This service runs market simulations, allowing traders to use hypothetical strategies without risking their assets.
On the MEXC futures market, clients can trade using leverage up to 125x. Futures contracts can also be used to hedge certain spot positions. Traders can participate in gamified events and receive ratings weekly leaderboard based on their performance. Trading events offer winning pools in digital assets such as USDT.
The futures market’s seven-level trading fees utilize a make-to-buy model. Levels: LV 0–LV 6, determined by MEXC 30-day trading volume or futures wallet balance. All MEXC cryptocurrency prices by volume and balance are expressed in US dollars.
At level 0, the futures wallet balance is less than $10,000 and the 30-day MEXC volume is less than $10 million. Manufacturer and recipient commissions before the discount are the same at all levels, starting from 1%. However, after the discount, the fees drop to 0.020% for makers and 0.060% for takers.
At Level 6, the required wallet balance is at least $500,000 and the 30-day MEXC volume is at least $500 million. The undiscounted fee is 0.7%, and the discounted price of MEXC cryptocurrency is 0.014% for producers and 0.042% for takers.
In addition to standard spot and derivatives markets, MEXC crypto exchange offers copy trade. This allows clients to copy trading strategies used by famous traders and apply them to their behavior in the market.
Two types of exchange-traded funds (ETFs) available on the MEXC cryptocurrency exchange – leveraged ETFs and indices. Leveraged ETFs can be traded on the spot market. They offer leverage up to 5x.
Clients using leveraged ETFs are subject to certain MEXC exchange fees, including trading and management fees. The trading fee rate is equal to the spot market rate. The daily management rate is 0.001%.
Purchases can be made using major payment methods such as debit and credit cards and bank transfers. Peer-to-peer (P2P) trading enabled for large scale transactions.
There are no deposit fees on the MEXC cryptocurrency exchange. Withdrawal fees are dynamic. The rate is calculated automatically depending on the network condition. The cost of the withdrawn MEXC cryptocurrency does not affect the commission.
other services
Launchpad and Kickstarter are two programs created to provide access to and funding for upcoming and new blockchain projects. MEXC Launchpad is a platform for new tokens at low prices. Kickstarter is an event platform that allows users to vote on preliminary projects.
In November 2021, the company launched MEX Pioneer. This is a platform that provides financial support for new blockchain projects in the field of decentralized finance (DeFi).
Trade Mining is another gaming feature for MEXC users. Clients trading selected tokens are eligible to receive rewards from the prize pool. The Trade Mining platform is not open to API traders or institutional users.
Staking MEXC — a platform for passive income. There are two types of rates – flexible and fixed. Assets that are flexibly staked can be withdrawn at any time. A staking lock means that the staking period is predetermined and the assets cannot be accessed until the lock period ends.
About company
MEXC was founded as MXC Exchange Metin Mehmet Durgun in 2018. In June 2021, it was announced that the company would rebrand as MEXC Global as its business model became more focused on globalization. The company was previously based in Singapore, but its current headquarters are in Victoria, Seychelles.
In 2021, monthly visitor numbers were estimated at 5 million. In 2022, it was reported that MEXC over 7 million users. In June 2022, MEXC announced a partnership with BitKan, a cryptocurrency brokerage exchange.
Metin Mehmet Durgun is the founder of the MEXC exchange. He is an economist who has worked on several business development projects in the FinTech sector. He is part of the APAC business development team at blockchain financial infrastructure company Simplex.
John Chen Ju is the CEO of MEXC. He is a computer scientist with experience working in various startups and technology companies in the Asia-Pacific region, including iTechBlack and Zallchain. Chen took over as CEO in May 2021.
MEXC related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
