The MEXC exchange is a popular platform that was founded in 2018. Since then, it has emerged as one of the top 100 crypto exchanges globally. The platform is based in Seychelles and is compliant with regulations in well-recognized countries.
The exchange boasts more than 10 million users and serves over 170 countries worldwide. Additionally, MEXC has listed an impressive 1,520 coins, which translates to 2,110 pairs.
In terms of security, MEXC has implemented several measures to ensure that users’ funds and data are safe.
If you are looking for an exchange that offers diverse coin offerings, a large user base, and a high level of security, MEXC may be a suitable choice. However, other factors may also be important to consider, such as fees, trading options, and user interface.
Therefore, you should know the details of the MEXC global exchange below and assess whether it meets your criteria before making any investment decisions.
Safety Offered by the MEXC Exchange
As mentioned above, security offered by the platform is one of its prominent aspects and adds to its value.
The platform uses advanced encryption and multi-factor authentication to protect against unauthorized access. Moreover, the exchange has a 24/7 monitoring system in place to detect any suspicious activity and prevent potential security breaches.
It also supports high-end cold wallet storage and high-performance mega-transaction matching technology that ensures the users’ funds are kept safe and there is no difficulty or delay in trading crypto.
Spot Trading Supported
When choosing a crypto exchange, it is crucial to consider whether it supports spot trading, which is the primary marketplace for buying or selling cryptocurrencies. Spot trading involves trading one cryptocurrency for another, and it is an essential aspect of every crypto exchange, including the MEXC global exchange.
MEXC is a centralized exchange that offers a wide range of options for spot trading. With support for over 1,520 crypto assets and nearly 2,000 pairs, traders have a more accessible path to diversify their portfolio. Moreover, traders can also opt for limit or market orders, giving them greater control over their trades.
Margin Trading Supported
Support for margin trading is yet another aspect to consider while using an exchange. Margin trading allows traders to borrow funds from the platform to increase their buying power, allowing them to take larger positions in the market. However, this also increases the risk of losses, making it a more advanced trading strategy.
The MEXC exchange offers margin trading with leverage of up to 10x, which is not as high as some other platforms but still offers traders a significant advantage. While higher leverage can result in higher profits, it also increases the risk of significant losses.
Therefore, MEXC’s lower leverage could be a more secure option for traders who are just starting with margin trading.
MEXC enables its users to trade exchange-traded funds (ETFs), which is not available on several other platforms. ETFs are investment tools that track the performance of a specific index, such as the S&P 500, or a group of assets like technology stocks or bonds. They are a popular choice for investors who want to diversify their portfolio and gain exposure to various markets and asset classes.
When it comes to trading ETFs, leverage trading can be an option. Leverage trading ETFs works by allowing traders to multiply the yield rate of an underlying asset. This would mean that if BTC increases by 5% then the leveraged ETF offering 3x returns on BTC will go up by 15%. It is essential to have a sound understanding of the underlying assets and the risks involved in leverage trading before engaging in it.
The MEXC exchange is one of the platforms that supports crypto staking. This is a distinctive feature that is not supported by a lot of exchanges.
Crypto staking means that as a crypto owner you can put your crypto in a collective pool or wallet. This will help them to get rewards in return.
This feature is only available on proof-of-stake blockchains and requires staked tokens to validate the transactions.
Fee Charged by MEXC
The fee charged by the MEXC global exchange is one of the top factors you need to consider before you start using the exchange.
How much fee you will be required to pay while using a platform can help you determine if it suits your budget or not.
MEXC has one of the most competitive fee structures in the market. It does not charge any fee for making deposits and it is also free of any additional charges.
Other details are mentioned below.
For spot trading:
- 0% fee for market makers
- 1% fee for market takers
For futures trading:
- No fee for market makers
- 0.03% fee for market takers