In response to Coingecko, MEXC is among the many prime 10 crypto exchanges. It has a each day buying and selling quantity of over $800 million, making it the only option for brand spanking new merchants. On this MEXC evaluate, we’ll cowl every thing from its in depth coin choice and low charges to its safety measures and person interface. By the tip of this evaluate, 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.It’s also a well-liked no-KYC crypto change with a 10BTC each 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 forth.
Fee Strategies
SEPA, credit score/debit card, third-party cost 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 handle 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, help discussion board, help ticket system
Cell App
Android and iOS
What Is MEXC?
MEXC, previously generally known as MXC Alternate, is a worldwide crypto buying and selling change 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 change captured 5% of the worldwide crypto change buying and selling market. Their success continued in 2021 after they received “Finest Crypto Alternate 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 change affords a variety of companies 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 companies, a launchpad for brand spanking new tasks, and demo buying and selling inexperienced persons. Builders may leverage MEXC’s API to combine knowledge into their very own functions.
MEXC is thought 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 straightforward to make use of, even for inexperienced persons, because of its clear and easy interface. Safety can also be a prime precedence. They maintain most person funds in offline storage (chilly storage) and comply with strict worldwide safety guidelines to maintain your crypto secure.
Professionals of MEXC
Futures makers can take pleasure in zero charges and takers as little as 0.01%, properly beneath the {industry} commonOver 2300+ cash and tokens together with many new altcoins accessible for buying and sellingEarn passive earnings 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 affords distinctive liquidity for futures buying and selling, that means quicker 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 companies or options in sure geographical areas together with the USANo Web3 options like DeFi companies and NFT market
Buying and selling Options of MEXC Alternate
Spot Buying and selling
MEXC affords a spot buying and selling platform the place you should purchase and promote all kinds of cryptocurrencies immediately. They’ve a ton of decisions, with over 2300 completely different digital currencies and much more methods to commerce them (over 2800 buying and selling pairs).
The change helps various kinds of buying and selling pairs. This contains stablecoin-to-crypto pairs and crypto-to-crypto pairs. For instance, you possibly can commerce BTC/USDT, BTC/USDC, BTC/ETH, and BTC/TUSD.
In relation to 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 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 means 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 turn into a restrict order if the market value reaches that time. That is helpful for managing threat. As an illustration, you may need some Ethereum (ETH) and need to promote it routinely if the value drops beneath a sure stage. 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 knowledgeable 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 stuffed first, the opposite one will get canceled routinely.
MEXC additionally has a bunch of technical indicators that will help you determine what to purchase and promote. These embrace well-liked instruments like Okay-lines, transferring averages, and MACD. These instruments provide help to see developments in costs.
The change even integrates with TradingView, a complicated charting platform utilized by many consultants. This allows you to use much more superior instruments to investigate the market in additional element.
Perpetual Futures Buying and selling
MEXC has a platform for buying and selling futures contracts. It’s completely different from shopping for and promoting crypto proper now. In futures buying and selling, you agree to purchase or promote a specific amount of cryptocurrency at a set value on a particular date sooner or later.
The MEXC change affords greater than 300 futures contracts. These contracts include leverage of as much as 200x, which implies you possibly can management a a lot bigger place than your preliminary funding.
There are two essential varieties 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 primarily based on the value.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 once you shut the place.
Keep in mind, as an alternative of conventional futures, MEXC affords perpetual contracts, which wouldn’t have expiration dates.
MEXC goes past the fundamental order sorts accessible within the spot market and affords superior order sorts to offer you extra management over your trades.
Trailing cease orders: These routinely comply with 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.Submit-only orders: You place in an order to purchase or promote at a sure value, however it solely goes by way of if there’s another person prepared to commerce at that value. It’s a means 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 value slippage whereas shopping for.
MEXC permits you to select between two margin modes to your futures trades. Remoted margin mode makes use of solely a specific amount 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 entire portfolio pockets steadiness for all of your positions. This may be extra environment friendly, however it additionally has an even bigger threat of shedding every thing 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 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 price, which is a price 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 affords prizes like futures bonuses, which can be utilized as an extra margin to your trades. Mainly, you get extra money 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 affords a “Demo Buying and selling” function particularly designed for brand spanking new or inexperienced futures merchants. It means that you can check out completely different buying and selling methods and get aware of 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’ll in the true 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 true MEXC futures market. You’ll see stay market knowledge, charts, and order sorts, permitting you to apply inserting purchase and promote orders.
Copy Buying and selling
MEXC can also be a well-liked crypto copy buying and selling platform. This sounds sophisticated, however it’s a means so that you can earn a living 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 primarily based on their efficiency and historical past. MEXC permits you to see issues like their 7-day ROI (Return on Funding), 7-day PNL (Revenue and Loss), 7-day Win Charge, Whole ROI, Whole PNL, and Whole Win Charge. This info helps you determine who to comply with.
When you choose a dealer to comply with, you allocate a few of your digital belongings like USDT to them. At any time when the dealer makes a commerce, MEXC routinely copies that commerce for you utilizing your allotted funds. Nonetheless, there’s a fee. You have to 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 affords a quick and handy means for customers to purchase cryptocurrency utilizing acquainted cost strategies like SEPA, credit score and debit playing cards, and third-party cost 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 completely different charges and minimal and most shopping for limits relying in your nation.
P2P Buying and selling
MEXC affords a P2P buying and selling service the place you possibly can immediately purchase and promote cryptocurrency with different customers, utilizing your native forex. 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 present permits buying and selling with 3 fiat currencies: Vietnamese Dong (VND), Russian Ruble (RUB), and South Korean Gained (KRW). There are greater than 30 completely different cost strategies supported. This provides you flexibility to decide on a cost 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 that once you place a P2P order, your crypto is held by MEXC till you verify that you just’ve obtained the cost from the opposite person. When you verify, the crypto is launched to the customer. This escrow system helps to guard each consumers and sellers from fraud.
MEXC Staking & Earn Providers
MEXC Financial savings and Loans
MEXC offers 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 pliability to withdraw your funds at any time.With fastened staking, you commit your funds for a particular interval in change for larger rewards, however you possibly can’t entry them till the staking interval ends. It affords 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 possibly can borrow cryptocurrency from MEXC utilizing your present crypto holdings as collateral. In the event you can’t repay the mortgage, MEXC would possibly take your collateral.
MEXC calculates the curiosity day by day primarily based on the precise size of your mortgage. Even borrowing for lower than a day counts as a full 1-day for curiosity.
One vital factor to notice is that you may’t repay your mortgage partially. You possibly can solely make a full reimbursement, and you need to wait not less than 30 days after borrowing earlier than you are able to do that. This is perhaps a disadvantage in comparison with different exchanges like OKX and Bitget.
Kickstarter and Launchpad
Launchpad is a launching pad for promising crypto startups. MEXC rigorously selects these tasks after a radical evaluate course of. This implies you could be moderately assured that the tasks on Launchpad should not scams and have robust potential for progress. Launchpad helps these new tasks achieve recognition and funding, whilst you get the chance to be among the many first traders.
Kickstarter is a bit completely different. Right here, it’s worthwhile to maintain MX tokens to obtain new undertaking airdrops. The platform additionally affords as much as a 100% APR on MX holdings. You have to maintain not less than 1,000 MX tokens for a 30-day period.
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 an everyday debit card.
There are some issues to bear in mind when utilizing the MEXC Mastercard:
There’s a small price 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 full 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 for those who use it throughout the European Financial Space (EEA), which incorporates most European nations. Nonetheless, for those who use it exterior the EEA, there’s a 2% price, with a minimal cost of 0.60 EUR per transaction.
MEXC Referral & Affiliate Program
MEXC affords 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 utility course of concerned, so anybody with a MEXC account can take part. All it’s worthwhile to do is share your distinctive referral hyperlink with your folks.
The precise quantity of fee you obtain will depend on what number of MX Tokens you maintain in your account. In the event 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%. The very 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 into an affiliate, you’ll have to submit a proper utility by way of the MEXC Affiliate Portal.
As soon as MEXC critiques your utility 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 larger fee charges, probably beginning to 50%.
MEXC API
MEXC affords a robust API (Software Programming Interface) for customers who need to automate their crypto buying and selling methods. This primarily permits exterior functions to work together along with your MEXC account, enabling capabilities like inserting orders, managing holdings, and accessing market knowledge. In case you are 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 affords aggressive buying and selling charges for each spot and futures buying and selling, making it a sexy possibility for a lot of merchants. Let’s break down the various kinds of charges you’ll encounter on MEXC.
Buying and selling Charges
MEXC has a two-tier price 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 affords among the lowest spot buying and selling charges within the {industry}. Actually, there are at present 0% charges for makers and 0.1% for takers on all spot buying and selling pairs. This can be a promotional supply which will change sooner or later. Usually, it has a 0.1% maker/taker price construction.Futures Buying and selling Charges: Makers take pleasure in a 0% maker price, whereas takers incur a 0.01% taker price.
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 is perhaps extra community charges relying on the precise cryptocurrency you’re depositing. These charges should 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 affords a transparent price construction, and you’ll simply discover the precise withdrawal price for every cryptocurrency immediately on the withdrawal web page.
Right here is the overall 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 cost 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 permits you to withdraw various quantities relying in your account verification stage. With a fundamental verification (Major KYC), you possibly can withdraw as much as 80 Bitcoin (BTC). In case your account is totally verified (Superior KYC), the restrict goes as much as 200 BTC. And for institutional accounts, the utmost withdrawal restrict is even larger, at 400 BTC.
How Many Cryptocurrencies Does MEXC Help?
MEXC International helps a staggering variety of cryptocurrencies, boasting over 2300 cash and 2800 buying and selling pairs. This contains 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 you will discover on MEXC:
OCEANChainlink (LINK)Aave (AAVE)Decentraland (MANA)The Sandbox (SAND)Filecoin (FIL)Cosmos (ATOM)Algorand (ALGO)XRPPolkadot (DOT)
MEXC Safety & Laws
MEXC has applied quite a lot of safety measures:
Two-Issue Authentication (2FA): So as to add an additional layer of safety, MEXC affords 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 should not linked to the web, making them extremely immune to 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 varieties 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 affords an anti-phishing code function. You possibly can set a singular code that will likely be included in official 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 handle you attempt to withdraw to for the primary time will likely be blocked till you manually add it to the whitelist, providing you with additional safety in opposition to unauthorized withdrawals.Penetration testing: MEXC usually goes by way of checks 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 now not legitimate. Whereas it beforehand operated with this license, it has since been revoked by Estonian authorities over cash laundering expenses.
Buyer Help
MEXC’s Assist Middle serves as your first line of protection. Accessible 24/7, the assistance heart affords a wealth of knowledge and step-by-step guides on a variety of matters. From downloading and establishing the change to understanding completely 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 affords a handy chatbot. This AI-powered assistant can reply your fundamental questions and supply instantaneous options to widespread points.
If the chatbot doesn’t have the reply you’re in search of, otherwise you favor chatting with an actual individual, MEXC additionally affords stay chat help. Whereas wait instances might range, it means that you can join immediately with a consultant who can handle your issues and supply personalised help. Plus, it’s also possible to submit a help request and speak to them by way of Telegram.
Nonetheless, MEXC has combined buyer critiques with solely a 1.3/5 score on Trustpilot. It additionally has a mean score of three.7/5 on each the Google Play Retailer and the App Retailer.
MEXC Cell 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 inexperienced persons 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 too arrange value alerts and obtain push notifications.
Options to MEXC
OKX and Binance are the 2 finest options to the MEXC change. MEXC is thought for buying and selling altcoins with no need 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 affords as much as 200x, OKX affords as much as 100x, and Binance affords as much as 125x. Additionally, solely OKX and Binance supply margin and choices buying and selling, with MEXC not offering these companies.
Right here is the complete 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 simple. Select your most well-liked 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 situations 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 will 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 Forex or Crypto
Along with your account arrange and verified, it’s time to fund it. MEXC affords varied 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.
In the event you already personal cryptocurrency on one other change or pockets, you possibly can 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 handle for that exact cryptocurrency. This handle acts like your checking account quantity however for crypto.Now, Copy the deposit handle rigorously.Go to your different change or pockets the place your cryptocurrency at present resides and discover the withdrawal part for that particular cryptocurrency.Paste the deposit handle you copied from MEXC into the withdrawal handle discipline in your different platform.Double-check the handle for accuracy earlier than initiating the switch. The community should be the identical on each platforms.As soon as confirmed, the cryptocurrency will likely 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. Inside 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 small print of your order (value, quantity) earlier than confirming the transaction.
Conclusion: Is MEXC Proper for You?
Our MEXC evaluate highlights that the change is a compelling possibility for cryptocurrency merchants, notably these trying to put money into new altcoins and low-fee buying and selling. Its huge 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 dearth of fiat on-ramping choices is usually a barrier for inexperienced persons. It additionally doesn’t supply options like a devoted margin buying and selling portal and crypto choices buying and selling.
MEXC Alternate Evaluate: FAQs
Is MEXC secure to make use of?
Sure, MEXC appears to be a reasonably safe platform total. The change has obtained an AA score on safety from an impartial assessor, with a rating of over 86%. This means a very good stage of safety to your funds. Additionally they make use of varied safety measures like chilly storage, 2FA, clear PoR knowledge, and extra.
Does MEXC supply fiat-to-crypto buying and selling?
No, MEXC doesn’t immediately help 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 possibly can nonetheless purchase, promote, and commerce crypto, however you’ll have a ten BTC each day withdrawal restrict. You can too 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 shouldn’t be at present accessible to customers in the USA. That is doubtless as a result of the change shouldn’t be registered with any US monetary regulators.
Can I withdraw from MEXC to my checking account?
No, MEXC doesn’t at present help 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 should utilize the MEXC P2P platform to promote your cryptocurrency to different customers who’re prepared to pay with fiat forex.
