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mexc crypto exchange

MEXC crypto exchange review and features

  • 6 March 2022
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MEXC crypto exchange is a professional cryptocurrency exchange also known as MEXC Global. Founded in 2018, MEXC has focused on being a high-performance exchange with easy and efficient transactions across the platform. Not only that, but they also claim that the team working behind MEXC Global Exchange are the ultimate pioneers of Blockchain technology, which they have been researching since the beginning.

MEXC Global is available almost all over the world as they have acquired the official licenses to offer their services in different countries. These countries also include Australia, Canada, and the United States of America. The exchange offers its customers a variety of options so they can trade, buy, and sell digital assets instantly. With a great customer support team available, you can see that they prioritize customer satisfaction.

Key features and benefits of MEXC crypto exchange

Due to the availability of many features and trading options, as well as investing activities, the MEXC crypto exchange certainly has a lot to offer its users. You can take a look at the main benefits of trading with MEXC below.

  • Fast crypto buying and selling
  • Over 200+ cryptocurrencies are available
  • Apps available for Android and Windows users
  • Multiple trading markets are available
  • Trade with up to 125x leverage
  • Super-fast and accurate charts
  • Staking is available for multiple cryptocurrencies
  • Choice of deposit and withdrawal methods
  • Premium help center with multilingual support
  • Hassle-free platform with easy registration
  • Multiple programs available for additional income

Negatives & Cons of MEXC crypto exchange

  • While MEXC has some of the best possible options to offer its users, there are also some areas where improvements can be made. If you’re wondering what they are, take a look below.
  • Very limited cryptocurrencies available for quick purchase
  • No iOS app available

What services does MEXC offer?

You can take a look below at how the MEXC crypto exchange works and what services they offer. This also helps you understand if the platform is good for you or if you should look for another suitable choice based on your preferences.

Buy and Sell Crypto Fast: When you’re short on time, you want to get things done quickly and efficiently. Thanks to MEXC’s fast buy and sell feature, you can easily complete your crypto transactions within seconds. This feature is easily accessible for all users from the platform’s main menu. Once you click on the feature, you will get the list of fiat currencies and crypto assets for you to choose from. You can also choose the preferred payment method that suits your needs.

200+ Cryptocurrencies Available: One of the most important things investors and traders should consider when choosing a crypto exchange is the variety of assets available. With the MEXC crypto exchange, you don’t have to worry about this factor as they offer investors and traders tons of cryptocurrencies and trading pairs. More specifically, you will find more than 200 cryptocurrencies and more than twice as many trading pairs.

You are spoiled for choice, so it’s up to you to trade, buy or sell as you wish. You can browse through the long list of assets available and decide which one you like, or you can search for a specific coin if you prefer. There are so many cryptocurrencies available at MEXC, from the most popular and hyped to new projects that not many have heard of. It’s a good idea to evaluate all of your choices and decisions before investing any large chunk of your money.

200+ Cryptocurrencies Available

Apps available for Android and Windows users: It is always a good idea to have dedicated apps for a crypto trading platform. They are usually faster, more efficient, and specially designed for different platforms to offer premium compatibility without causing any problems. If you are a registered user of the MEXC crypto exchange, you can access their apps for Windows computers and Android mobile devices. Almost all features are available on both platforms to provide a seamless experience without limitations. Unfortunately, there is currently no app for iOS users, but we hope MEXC will introduce one shortly.

Multiple Trading Markets Available: MEXC crypto exchange not only has a huge variety of cryptocurrencies but also offers various markets that advanced crypto traders love. MEXC has spot trading, margin trading, and derivatives trading that includes ETF indices, ETF margin trading, and futures trading. All these options are available right in one place and can be accessed by any MEXC user. Best of all, there are many trading pairs, so you’re bound to find something that suits your needs. Traders can access the charts, evaluate moves, apply common practices, implement their techniques, and then proceed with their orders.

Multiple Trading Markets Available

Trade with up to 125x Leverage: If you are particularly tight on cash but want a strong exposure to the market, trading with leverage is best for you. Leverage trading simply allows traders to borrow money from the platform they use to open positions or trades. At the MEXC crypto exchange, the leverage limit is 125x, which is very generous compared to most other crypto exchanges.

Please note that leveraged trading, as beneficial as it is, also has a downside and you can lose your money very quickly if your open trades go in the wrong direction. We only recommend leverage trading if you are very experienced.

Trade with up to 125x Leverage

Super-Fast and Accurate Charts: Slow and inaccurate charts can cause traders to lose money due to misjudging the market. The good thing about the MEXC crypto exchange is that their trading charts are among the fastest available, with accurate and precise movements. In addition, they are designed to open quickly without annoying loading times. You can select any trading pair or asset and the trading chart will appear within seconds for you to assess and customize.

It is also possible for traders to select different chart timestamps, change the candlesticks, select different main indices and sub-indices, expand the entire chart and use other functions as well.

Super-Fast and Accurate Charts

Staking available for multiple cryptocurrencies: Everyone loves the idea of ​​passive income, and with MEXC crypto exchange you can enjoy it through staking too. You can check out the staking section to see what assets are available for staking and how much you can earn from them. There are flexible and locked staking options, and you can find popular cryptocurrencies like BTC, ETH, and DOT.

As for the returns, the interest rate may vary depending on market conditions and agreement. You can earn up to 68% APY on some new coins, which is an incredibly high rate. For most coins, your APY is under 10%, which is still a good rate if you’re holding a significant amount.

Choice of Deposit and Withdrawal Methods: When we talk about the deposit methods that the MEXC crypto exchange offers its users, they have partnered with various third-party providers to offer variety to their users. Besides the most popular payment methods like Visa, MasterCard, and bank transfer, users also have the option to deposit funds or buy cryptocurrencies directly through Apple Pay or Google Pay. It is important to note that fiat deposit options may vary depending on the country you live in. As for cryptocurrency deposits, they are available to all users regardless of where you live.

Crypto withdrawals can be made directly through the MEXC crypto exchange. With fiat withdrawals, you may have to opt for P2P trading to get your funds into your account safely.

Choice of Deposit and Withdrawal Methods

Premium Help Center with Multilingual Support: A business or company will not be sustainable if it does not have happy customers. The same scenario can be applied to the crypto industry, or it can be even more crucial due to the complexity and features that many users have yet to understand.

When we talk about MEXC’s help center, there are several modes of communication available for users to choose from. You can opt for the live chat option or just open a ticket to get a response. To top it off, their help center offers multilingual support, so users from different nations can easily access help.

Hassle-free platform with easy registration: The whole interface of the MEXC crypto exchange is quite easy to use and straightforward. There are no complications in accessing your account, funds, or trading/investing activities. Each option is listed in the top menu of the site and you can explore the options available.

When you open your account for the first time, you don’t have to go through a lengthy registration process. All you need is your email address to verify your account and you’re good to go. Once you have deposited funds and started trading, you may need to submit some official documents for your security.

Multiple programs were available for additional income: Staking is not the only option that allows you to earn passively or enjoy other benefits on MEXC. They also have other various programs that can help you earn a few extra bucks without doing much. For example, there is an MX DeFi hub where you can connect to the pools and earn rewards. You can also win free airdrops through M-Day on the MEXC crypto exchange. Users can also earn rewards through auctions. Note that auctions are not always available and you need to keep an eye on them to participate.

MEXC crypto exchange Fees

MEXC deposit fees

The MEXC crypto exchange does not charge its users any fees when depositing cryptocurrency into their accounts. When depositing fiat currency, users have to pay a separate fee set by the third-party providers. If you want to know the exact fee you have to pay, you can check it by choosing a specific deposit method.

MEXC trading fee

MEXC crypto exchange has a fixed trading fee of 0.2% for makers and takers. The fee is not the lowest among crypto trading platforms, but it is reasonable.

MEXC Fiat Withdrawal Fees

Fiat withdrawals are processed via third-party providers or P2P trading on the MEXC crypto exchange. This is why there is no special fee for fiat withdrawals at MEXC. You must verify the fee yourself at the time you withdraw your money. Note that in some cases the fee can range from 2% to 5% or even higher.

MEXC Crypto Withdrawal Fees

When it comes to cryptocurrency withdrawals, MEXC charges a different fee for different assets. Some crypto coins are free to withdraw while others have a certain amount that you have to pay to withdraw them. A crypto withdrawal fee table is available on the MEXC fees page where you can find the withdrawal fees for each coin.

Pros and cons of MEXC

MEXC crypto exchange Advantages

  • Over 200+ cryptocurrencies are available
  • Several different trading markets
  • Staking is available for multiple cryptocurrencies
  • Leverage trading up to 125x supported
  • Mobile app for android users

MEXC crypto exchange Disadvantage

  • Unclear fiat deposit and withdrawal fees
  • No iOS mobile app
Verdict

MEXC is a global crypto exchange that offers its services in almost every major country, including the US. Due to the availability of over 200 cryptocurrencies, the MEXC crypto exchange attracts many traders and investors. With their user-friendly interface, they also provide a suitable experience for novice or amateur users to explore everything and start.

Overall, the MEXC crypto exchange can be a good choice for any trader looking forward to professional trading and broad investment opportunities.


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