MEXC Exchange Core Features Explained
MEXC Exchange Core Features Explained
MEXC (formerly known as MXC) is a centralized cryptocurrency exchange established in 2018, known for offering a wide range of trading products, including spot trading, derivatives, and various investment options. It aims to provide a secure and efficient platform for global cryptocurrency traders.
Core Features Overview
MEXC’s platform is built around several key functionalities catering to both novice and experienced users:
- Trading Pairs: A large selection of trading pairs, often including many newer or lower-cap tokens alongside major cryptocurrencies.
- Derivatives Trading: Offers robust support for Futures contract trading, including perpetual contracts.
- Staking and Earning: Various products allowing users to earn passive income on their holdings, such as staking programs or yield farming pools.
- Launchpad/IEOs: A platform for launching new tokens, giving users early access to emerging projects.
- API Access: Comprehensive support for automated trading via Crypto Exchange APIs.
Fees Structure
MEXC employs a tiered fee structure based primarily on the user's 30-day trading volume and the amount of the exchange’s native token (MX) held. Fees are generally competitive, especially for high-volume traders.
| User Tier | Spot Maker Fee | Spot Taker Fee |
|---|---|---|
| 0.20% | 0.20% | ||
| 0.18% | 0.18% |
Futures trading fees are typically structured separately and are often lower than spot fees, especially for market makers.
Supported Assets and Markets
MEXC supports hundreds of different cryptocurrencies and tokens. The exchange is known for listing many new and emerging assets relatively quickly.
Spot and Futures Trading
- Spot market: This is where users buy or sell assets immediately at the current market price. Trading occurs directly between buyers and sellers using the Order book.
- Futures contract: MEXC provides leveraged trading on various perpetual futures contracts. This allows traders to speculate on the future price movement of an asset without owning the underlying asset, often involving significant risk. Understanding The Role of Speculators in Futures Markets Explained is crucial before engaging in derivatives.
Order Types
The platform supports standard order types essential for executing trades according to specific strategies:
- Limit order: An order to buy or sell an asset at a specified price or better.
- Market order: An order to execute immediately at the best available current price.
- Stop-Limit/Stop-Market: Conditional orders used primarily in futures trading to manage risk by setting trigger prices.
Liquidity and Markets
Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. MEXC generally maintains deep liquidity for major pairs (like BTC/USDT). However, liquidity for newly listed or smaller-cap assets can vary, impacting the execution quality of large orders. Users should check the depth of the Order book before trading less common assets.
Security Practices
Security is a primary concern for centralized exchanges. MEXC implements standard industry security measures:
- Two-Factor Authentication (2FA): Required for login, withdrawals, and security changes.
- Cold Storage: A significant portion of user assets is kept offline in cold storage.
- Anti-Phishing Codes: Customizable codes displayed in official emails to verify authenticity.
MEXC also emphasizes operational security, contributing to its overall Exchange Transparency.
KYC and Limits
KYC (Know Your Customer) verification levels determine trading and withdrawal limits.
- Unverified Accounts: Usually have very low daily withdrawal limits.
- Verified Accounts (KYC): Completing full identity verification significantly increases daily withdrawal caps and may be required for accessing certain advanced features or higher leverage.
Funding and Withdrawals
Users fund their accounts via cryptocurrency deposits (on-chain transfers) or fiat deposits (where supported by the region). Withdrawals are processed after internal review, subject to network confirmation times and daily limits based on KYC status.
Mobile and Web User Experience (UX)
MEXC offers both a desktop web interface and dedicated mobile applications (iOS and Android). The web platform is comprehensive, designed for detailed charting and futures trading. The mobile apps focus on accessibility, allowing users to monitor positions, execute quick trades, and manage accounts on the go.
Risks and Responsible Trading
Cryptocurrency trading, especially leveraged futures trading, involves substantial risk of loss. Users should only trade with capital they can afford to lose. Understanding the mechanics of margin calls, liquidation prices, and volatility is essential for responsible participation on the platform.
First Steps Checklist
To begin trading on MEXC, follow these initial steps:
- Complete registration: Register here.
- Enable 2FA immediately for account security.
- Complete the required level of KYC verification to increase limits.
- Deposit the desired cryptocurrency assets.
- Review the fee schedule and understand the difference between Spot and Futures trading.
See also (on this site)
- Understanding MEXC Trading Fees Structure
- Exploring Assets Available on MEXC
- Essential MEXC Order Types Demystified
- Assessing Liquidity on MEXC Markets
Recommended articles
- Futures exchange
- The Difference Between Futures and Options Trading Explained
- Bitcoin Halving Explained
- Arbitrage Opportunities in Crypto Futures Trading Explained
- How to Use a Cryptocurrency Exchange for Crypto Derivatives
Recommended Futures Trading Platforms
| Platform | Futures perks & welcome offers | Register / Offer |
|---|---|---|
| Binance Futures | Up to 125× leverage, USDⓈ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days | Sign up on Binance |
| Bybit Futures | Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks | Start on Bybit |
| BingX Futures | Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount | Join BingX |
| WEEX Futures | Welcome package up to 30,000 USDT; deposit bonus from 50–500 USD; futures bonus usable for trading and paying fees | Register at WEEX |
| MEXC Futures | Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT → get 10 USD) | Join MEXC |
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