Based on Coingecko, MEXC is among the many prime 10 crypto exchanges. It has a every day buying and selling quantity of over $800 million, making it the only option for brand spanking new merchants. On this MEXC evaluation, we’ll cowl all the things from its in depth coin choice and low charges to its safety measures and consumer interface. By the tip of this evaluation, 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 up to 200x leverage, and incomes curiosity on crypto holdings.
• It’s also a preferred no-KYC crypto change with a 10BTC every 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

What Is MEXC?

MEXC, previously referred to as MXC Trade, is a worldwide crypto buying and selling change that lets you 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 12 months, the change captured 5% of the worldwide crypto change buying and selling market. Their success continued in 2021 after they received “Best Crypto Exchange Asia” on the Dubai Crypto Expo. The corporate has not publicly disclosed its founders but, however it has established itself as a serious 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 occasions.

The change provides a variety of providers to its customers. These embrace spot buying and selling, futures buying and selling, P2P buying and selling, and replica buying and selling. For these curious about a extra diversified portfolio, MEXC options staking and incomes providers, a launchpad for brand spanking new tasks, and demo buying and selling learners. Builders can even leverage MEXC’s API to combine knowledge into their very own purposes.

MEXC is understood for its zero buying and selling charges occasions. These are time-based particular occasions. At the moment, it’s providing 0% spot maker and 0% futures maker charges. The change is simple to make use of, even for learners, due to its clear and easy interface. Safety can also be a prime precedence. They hold most consumer funds in offline storage (chilly storage) and observe strict worldwide safety guidelines to maintain your crypto protected.

Professionals of MEXC

• Futures makers can take pleasure in zero charges and takers as little as 0.01%, properly beneath the {industry} common
• Over 2300+ cash and tokens together with many new altcoins out there for buying and selling
• Earn passive earnings on crypto with yields up to 100% APY
• Take pleasure in up to 200x leverage on sure perpetual contracts
• IEOs on MEXC Launchpad have seen returns exceeding 500%.
• MEXC provides distinctive liquidity for futures buying and selling, which means sooner 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 providers or options in sure geographical areas together with the USA
• No Web3 options like DeFi providers and NFT market

Trading Options of MEXC Trade

Spot Trading

MEXC provides a spot buying and selling platform the place you should buy and promote all kinds of cryptocurrencies immediately. They’ve a ton of selections, with over 2300 totally different digital currencies and much more methods to commerce them (over 2800 buying and selling pairs).

The change helps several types of buying and selling pairs. This consists of stablecoin-to-crypto pairs and crypto-to-crypto pairs. For instance, you may commerce BTC/USDT, BTC/USDC, BTC/ETH, and BTC/TUSD.

On the subject of shopping for and promoting these cryptocurrencies, MEXC supplies you with quite a lot of order varieties to fit your buying and selling methods. Listed below are a couple of of the most typical ones:

• Restrict Order: This allows you to specify the goal price you need to purchase or promote a cryptocurrency at. Your order will solely be executed if the market price reaches your chosen price level.
• Market Order: That is the best approach 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 out there market price at that second.
• Cease-Restrict Order: This combines components of each restrict and stop-loss orders. You set a “stop price” that triggers the order to grow to be a restrict order if the market price reaches that time. That is helpful for managing threat. For example, you may need some Ethereum (ETH) and need to promote it robotically if the price drops beneath a sure stage. With a stop-limit order, you set your cease price and a restrict price to make sure you don’t promote for too excessive.
• One Cancels the Different (OCO): It is a extra superior possibility for skilled merchants. You set two orders on the identical time, a “stop-loss” order to promote if the price goes down an excessive amount of, and a “take-profit” order to promote if the price goes up to a sure level. Whichever order will get crammed first, the opposite one will get canceled robotically.

MEXC additionally has a bunch of technical indicators that can assist you determine what to purchase and promote. These embrace in style instruments like Ok-lines, transferring averages, and MACD. These instruments allow you to see tendencies in costs.

The change even integrates with TradingView, a sophisticated charting platform utilized by many consultants. This allows you to use much more superior instruments to research the market in additional element.

Perpetual Futures Trading

MEXC has a platform for buying and selling futures contracts. It’s totally 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 price on a selected date sooner or later.

The MEXC change provides greater than 300 futures contracts. These contracts include leverage of up to 200x, which implies you may management a a lot bigger place than your preliminary funding.

There are two important kinds 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 price.
• Coin-Margined Perpetual Futures are settled within the precise cryptocurrency. So, when you have a protracted place on a Bitcoin contract, you get BTC if you shut the place.

Bear in mind, as a substitute of conventional futures, MEXC provides perpetual contracts, which wouldn’t have expiration dates.

MEXC goes past the essential order varieties out there within the spot market and provides superior order varieties to provide you extra management over your trades.

• Trailing cease orders: These robotically observe the price of a crypto. If the price 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 price to observe for, and your purchase or promote order solely prompts when that price is reached.
• Publish-only orders: You set in an order to purchase or promote at a sure price, however it solely goes by if there’s another person prepared to commerce at that price. It’s a approach 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 price slippage whereas shopping for.

MEXC allows 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 dropping all the things if the market goes towards you.

MEXC Futures M-Day

Futures-M Day is a MEXC occasion that encourages customers to take part in futures buying and selling with lowered 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 payment, which is a payment 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 provides 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 earnings 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 the moment, it’s providing a 74,200 USDT prize pool.

Demo Trading

MEXC provides a “Demo Trading” characteristic particularly designed for brand spanking new or inexperienced futures merchants. It lets you check out totally different buying and selling methods and get conversant in the MEXC platform with out risking any of your personal cash.

Right here’s the way it works: MEXC supplies you with a digital beginning steadiness of up to 50,000 USDT (Tether) of their simulated buying and selling atmosphere. This allows you to experiment with shopping for and promoting crypto futures contracts identical to you’d 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 Trading platform mimics the appear and feel of the true MEXC futures market. You’ll see reside market knowledge, charts, and order varieties, permitting you to apply inserting purchase and promote orders.

Copy Trading

MEXC can also be a preferred crypto copy buying and selling platform. This sounds difficult, however it’s a approach so that you can make cash 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 trader” whose trades are copied by others.

To be a follower, you merely decide a lead dealer you want primarily based on their efficiency and historical past. MEXC allows you to see issues like their 7-day ROI (Return on Funding), 7-day PNL (Revenue and Loss), 7-day Win Price, Whole ROI, Whole PNL, and Whole Win Price. This data helps you determine who to observe.

When you decide a dealer to observe, you allocate a few of your digital belongings like USDT to them. Each time the dealer makes a commerce, MEXC robotically copies that commerce for you utilizing your allotted funds. Nonetheless, there’s a fee. You might want to pay up to fifteen% of your earnings to your lead merchants, plus common buying and selling charges.

Fast Purchase/Promote (MEXC Specific)

MEXC Specific provides a quick and handy approach 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.

Bear 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 totally different charges and minimal and most shopping for limits relying in your nation.

P2P Trading

MEXC provides a P2P buying and selling service the place you may instantly purchase and promote cryptocurrency with different customers, utilizing your native forex. This implies you’re buying and selling instantly with one other particular person, as a substitute of the change itself. So, there are zero charges.

The change at the moment permits buying and selling with 3 fiat currencies: Vietnamese Dong (VND), Russian Ruble (RUB), and South Korean Received (KRW). There are greater than 30 totally different cost strategies supported. This offers you flexibility to decide on a cost technique that’s handy for you, like financial institution transfers or e-wallets.

At the moment, MEXC helps solely 4 cryptocurrencies on its P2P market: USDT, USDC, BTC, and ETH. For added safety, IT makes use of a system referred to as “Escrow”. Which means that if you place a P2P order, your crypto is held by MEXC till you affirm that you just’ve acquired the cost from the opposite consumer. When you affirm, the crypto is launched to the client. This escrow system helps to guard each consumers and sellers from fraud.

MEXC Staking & Earn Providers

MEXC Financial savings and Loans

MEXC supplies you with choices for mounted and versatile staking, in addition to crypto loans. You’ll be able to lend out your cryptocurrency holdings and earn curiosity on them. That is much like placing cash in a financial savings account.

• Versatile staking lets you earn rewards whereas sustaining the flexibleness to withdraw your funds at any time.
• With mounted staking, you commit your funds for a selected interval in change for larger rewards, however you may’t entry them till the staking interval ends. It provides 30-day, 60-day, and 120-day mounted staking choices.

You’ll be able to earn up to 50% APR on some tokens. At the moment, 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 may borrow cryptocurrency from MEXC utilizing your present crypto holdings as collateral. When you can’t repay the mortgage, MEXC would possibly take your collateral.

MEXC calculates the curiosity on daily basis 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 necessary factor to notice is which you can’t repay your mortgage partially. You’ll be able to solely make a full reimbursement, and you need to wait a minimum of 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 fastidiously selects these tasks after an intensive evaluation course of. This implies you may be moderately assured that the tasks on Launchpad aren’t scams and have sturdy potential for development. Launchpad helps these new tasks acquire recognition and funding, when you get the chance to be among the many first buyers.

Kickstarter is a bit totally different. Right here, it’s good to maintain MX tokens to obtain new undertaking airdrops. The platform additionally provides up to a 100% APR on MX holdings. You might want to maintain a minimum of 1,000 MX tokens for a 30-day length.

MEXC Mastercard

MEXC Mastercard is a pay as you go card issued by MEXC. This card lets you spend your cryptocurrency holdings for on a regular basis purchases identical to an everyday debit card.

There are some issues to bear in mind when utilizing the MEXC Mastercard:

• There’s a small payment 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 not spend greater than 30,000 USDT in a month. The full quantity you may hold loaded on the cardboard at any given time can also be capped at 100,000 USDT.
• Transaction charges depend upon the place you utilize the cardboard. There aren’t any charges for those who use it inside the European Financial Space (EEA), which incorporates most European nations. Nonetheless, for those who use it exterior the EEA, there’s a 2% payment, with a minimal cost of 0.60 EUR per transaction.

MEXC Referral & Affiliate Program

MEXC provides 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 software course of concerned, so anybody with a MEXC account can take part. All it’s good to do is share your distinctive referral hyperlink with your mates.

The precise quantity of fee you obtain is dependent upon what number of MX Tokens you maintain in your account. When you don’t maintain any MX Tokens, you’ll nonetheless earn a decent 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, akin to bloggers, social media influencers, or web site homeowners. To grow to be an affiliate, you’ll must submit a proper software by the MEXC Affiliate Portal.

As soon as MEXC opinions your software and approves it, you’ll acquire 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 provides a strong API (Software Programming Interface) for customers who need to automate their crypto buying and selling methods. This primarily permits exterior purposes to work together along with your MEXC account, enabling features like inserting orders, managing holdings, and accessing market knowledge. If you’re 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 out there on their web site. The information particulars every API endpoint (particular operate) together with parameters and response codecs. This makes it simpler for builders to grasp and combine the API into their apps.

MEXC Charges & Trading Prices

MEXC provides aggressive buying and selling charges for each spot and futures buying and selling, making it a pretty possibility for a lot of merchants. Let’s break down the several types of charges you’ll encounter on MEXC.

Trading Charges

MEXC has a two-tier payment 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 Trading Charges: MEXC provides a number of the lowest spot buying and selling charges within the {industry}. Actually, there are at the moment 0% charges for makers and 0.1% for takers on all spot buying and selling pairs. It is a promotional supply that will change sooner or later. Usually, it has a 0.1% maker/taker payment construction.
• Futures Trading Charges: Makers take pleasure in a 0% maker payment, whereas takers incur a 0.01% taker payment.

For extra reductions on buying and selling charges relying in your buying and selling quantity, you may examine their VIP charges.

Deposit and Withdrawal Charges

MEXC usually doesn’t cost any charges for depositing cryptocurrencies. However, there is perhaps further community charges relying on the precise cryptocurrency you’re depositing. These charges aren’t charged by MEXC however by the expertise behind the cryptocurrency itself (blockchain). The price of these charges can range relying on how busy the blockchain community is.

Withdrawal charges additionally depend upon the chosen cryptocurrency. MEXC provides a transparent payment construction, and you’ll simply discover the precise withdrawal payment for every cryptocurrency instantly on the withdrawal web page.

Right here is the final overview of MEXC withdrawal charges:

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’ll be able to promote up to 1,000 EUR value of cryptocurrency per transaction per day utilizing SEPA, a European cost system.
• Credit score/Debit Card Deposit Limits: You’ll be able to 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 allows you to withdraw various quantities relying in your account verification stage. With a primary verification (Major KYC), you may withdraw up to 80 Bitcoin (BTC). In case your account is totally verified (Superior KYC), the restrict goes up to 200 BTC. And for institutional accounts, the utmost withdrawal restrict is even larger, at 400 BTC.

How Many Cryptocurrencies Does MEXC Help?

MEXC World helps a staggering variety of cryptocurrencies, boasting over 2300 cash and 2800 buying and selling pairs. This consists of all the favored excessive market-cap cash you’d count on, like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

The platform additionally caters to these curious 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 numerous area of interest sectors together with Synthetic Intelligence (AI), Actual World Belongings (RWAs), Decentralized Finance (DeFi), and the Metaverse.

Listed below are just some examples of the area of interest tokens you will discover on MEXC:

• OCEAN
• Chainlink (LINK)
• Aave (AAVE)
• Decentraland (MANA)
• The Sandbox (SAND)
• Filecoin (FIL)
• Cosmos (ATOM)
• Algorand (ALGO)
• XRP
• Polkadot (DOT)

MEXC Safety & Rules

MEXC has applied quite a lot of safety measures:

• Two-Issue Authentication (2FA): So as to add an additional layer of safety, MEXC provides 2FA. This requires a second verification code when logging in, along with your password. You’ll be able to select between e mail verification and the Google Authenticator app.
• Chilly Storage: It retains most of its customers’ cryptocurrency in offline storage. These wallets aren’t linked to the web, making them extremely immune to hacking makes an attempt. Solely a small portion of funds is saved on-line for day-to-day operations.
• Encryption: MEXC makes use of two kinds of encryption: SSL (Safe Sockets Layer) and AES-256 (Superior Encryption Normal). These industry-standard protocols guarantee safe communication between your gadget and MEXC’s servers.
• Phishing Safety: The change provides an anti-phishing code characteristic. You’ll be able to set a singular code that might be included in legit 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 lets you limit withdrawals to solely pre-approved addresses. With this enabled, any deal with you attempt to withdraw to for the primary time might be blocked till you manually add it to the whitelist, supplying you with further safety towards unauthorized withdrawals.
• Penetration testing: MEXC usually goes by assessments 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.

Notice: MEXC doesn’t maintain a license in any jurisdiction. MEXC’s Estonian monetary license is not legitimate. Whereas it beforehand operated with this license, it has since been revoked by Estonian authorities over cash laundering costs.

Buyer Help

MEXC’s Assist Heart serves as your first line of protection. Accessible 24/7, the assistance heart provides a wealth of knowledge and step-by-step guides on a variety of matters. From downloading and setting up the change to understanding totally different buying and selling choices and managing your account safety, the Assist Heart equips you with all of the data.

For fast and easy inquiries, MEXC provides a handy chatbot. This AI-powered assistant can reply your primary questions and supply immediate options to widespread points.

If the chatbot doesn’t have the reply you’re searching for, otherwise you choose talking to an actual particular person, MEXC additionally provides reside chat assist. Whereas wait occasions could range, it lets you join instantly with a consultant who can deal with your considerations and supply customized help. Plus, you can even submit a assist request and get in touch with them by Telegram.

Nonetheless, MEXC has combined buyer opinions with solely a 1.3/5 score on Trustpilot. It additionally has a median score of three.7/5 on each the Google Play Retailer and the App Retailer.

MEXC Cellular App

The MEXC app lets you purchase, promote, and commerce cryptocurrencies conveniently out of your smartphone. It’s out there for each Android and iOS units.

Designed with user-friendliness in thoughts, the app has a transparent and intuitive interface that caters to each learners and skilled merchants. It has all of the options of the desktop model like buying and selling, depositing and withdrawing funds, staking, and extra. It’s also possible to set up price alerts and obtain push notifications.

Options to MEXC

OKX and Binance are the 2 greatest options to the MEXC change. MEXC is understood for buying and selling altcoins without having 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. On the subject of leverage, MEXC provides up to 200x, OKX provides up to 100x, and Binance provides up to 125x. Additionally, solely OKX and Binance supply margin and choices buying and selling, with MEXC not offering these providers.

Right here is the total comparability:

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 “Sign Up” within the prime proper nook. The signup course of is fast and easy. Select your most popular technique of registration – e mail or cellular quantity.  Create a powerful password and bear in mind to maintain it protected. Now comply with the phrases and circumstances and click on “Create an Account”.

Step 2: Confirm Your Id (KYC)

MEXC, like many cryptocurrency exchanges, requires Know Your Buyer (KYC) verification. This helps stop fraud and ensures a protected buying and selling atmosphere 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 have got two choices: Major KYC or Superior KYC. Click on whichever fits your wants. Verification could take up to 24 hours.

Step 3: Deposit Fiat Foreign money or Crypto

Together with your account set up and verified, it’s time to fund it. MEXC provides numerous deposit strategies relying in your area. Yow will discover an in depth checklist of supported deposit strategies beneath the “Buy Crypto” part on the MEXC web site. Some widespread choices embrace financial institution transfers, credit score/debit card purchases (the place out there), and peer-to-peer (P2P) buying and selling.

When you already personal cryptocurrency on one other change or pockets, you may switch it to your MEXC account. Right here’s how:

• Go to the “Wallet” 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 deal with for that individual cryptocurrency. This deal with acts like your checking account quantity however for crypto.
• Now, Copy the deposit deal with fastidiously.
• Go to your different change or pockets the place your cryptocurrency at the moment resides and discover the withdrawal part for that particular cryptocurrency.
• Paste the deposit deal with you copied from MEXC into the withdrawal deal with area in your different platform.
• Double-check the deal with for accuracy earlier than initiating the switch. The community have to be the identical on each platforms.
• As soon as confirmed, the cryptocurrency might 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 Trading 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. Throughout 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 “Trade”. 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 (price, quantity) earlier than confirming the transaction.

Conclusion: Is MEXC Proper for You?

Our MEXC evaluation 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 elective, it restricts withdrawal limits for unverified accounts. Moreover, the dearth of fiat on-ramping choices is usually a barrier for learners. It additionally doesn’t supply options like a devoted margin buying and selling portal and crypto choices buying and selling.

MEXC Trade Evaluate: FAQs

Is MEXC protected to make use of?

Sure, MEXC appears to be a reasonably safe platform total. The change has acquired an AA score on safety from an impartial assessor, with a rating of over 86%. This means an excellent stage of safety to your funds. Additionally they make use of numerous safety measures like chilly storage, 2FA, clear PoR knowledge, and extra.

Does MEXC supply fiat-to-crypto buying and selling?

No, MEXC doesn’t instantly assist 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 obligatory to start out utilizing the change, it unlocks extra options and will increase your withdrawal limits. For unverified customers, you may nonetheless purchase, promote, and commerce crypto, however you’ll have a ten BTC every day withdrawal restrict. It’s also possible to 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 isn’t at the moment out there to customers in the USA. That is possible as a result of the change isn’t registered with any US monetary regulators.

Can I withdraw from MEXC to my checking account?

No, MEXC doesn’t at the moment assist direct withdrawals to your checking account. This implies you can not switch your crypto holdings instantly into your fiat checking account. You’ll be able to 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.