MEXC

MEXC Global Overview

MEXC Global, founded in 2018, is a cryptocurrency exchange operating under the regulation of esteemed regulatory bodies. Holding three digital currency licenses, issued by MTR in Estonia. One of the features of MEXC Global is its Maker-Taker fee structure for spot trading and contract trading, providing transparent information about fees incurred during trading activities.

Pros & Cons

Is MEXC Global Safe or Scam？

MEXC Global operates under regulation from several regulatory agencies. In Estonia, it is regulated by the Majandus Tegevuse Register (MTR) and holds three digital currency licenses: FVT000278, FVR001254, and FRK001138. These licenses indicate that MEXC Global is regulated and recognized by the Estonian regulatory authorities.

However, Common Financial Service License licenses Canada FINTRAC (license number: M20481954) and MSB License with the licenses United States FinCEN (license number: 31000160419770) go beyond their business, please be aware of the risk!

WikiBit obtains regulatory information through various channels, including official regulatory websites, public records, and direct communication. The platform's team verifies the authenticity of regulatory licenses and certifications by cross-referencing the information from multiple reputable sources. WikiBit aims to offer reliable and accurate regulatory information to help traders make informed decisions when choosing exchange/token/project.

Security

MEXC Global prioritizes security measures to ensure the protection of user assets. The platform employs various security protocols, including advanced encryption technology and two-factor authentication, to safeguard user accounts and transactions. These measures help minimize the risk of unauthorized access and protect user funds.

Monitor Transactions:

MEXC sets and adjusts the maximum limits for daily transactions and digital asset withdrawals from time to time according to security and actual transaction conditions; If transactions occur frequently in a registered user or there are circumstances beyond reason, MEXC has the right to evaluate and determine whether they are suspicious.

Account Security:

MEXC‘s has security protection functions, clients should keep their account and password information properly. The exchange will ensure that clents’ information is not lost, misused and altered by backing up to other servers, encrypting user passwords and other security measures.

Supported Cryptocurrencies

MEXC Global offers over 1835 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Tether and so on. Here are some of the most popular cryptocurrencies available on MEXC Global:

Bitcoin (BTC): Bitcoin is the most popular cryptocurrency in the world. It is a decentralized digital currency that was created in 2009.

Ethereum (ETH): Ethereum is the second most popular cryptocurrency in the world. It is a decentralized platform that runs smart contracts.

Litecoin (LTC): Litecoin is a fork of Bitcoin. It is a faster and cheaper alternative to Bitcoin.

Tether (USDT): Tether is a stable coin. It is pegged to the US dollar, which means that it is always worth $1.

Binance Coin (BNB): Binance Coin is the native token of the Binance exchange. It can be used to pay for trading fees on the exchange.

Solana (SOL): Solana is a high-performance blockchain. It is known for its fast transaction speeds.

Cardano (ADA): Cardano is a proof-of-stake blockchain. It is designed to be more energy-efficient than Bitcoin and Ethereum.

XRP (XRP): XRP is a cryptocurrency that was created by Ripple. It is used to facilitate payments between banks.

MEXC APP

MEXC Global is a cryptocurrency exchange app that offers users a variety of features, including:

A wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and more.

Competitive trading fees.

Fast deposits and withdrawals.

A variety of trading platforms, including MT4, MT5, and WebTrader.

Educational resources to help users learn about cryptocurrency trading.

24/7 customer support.

To download the MEXC Global app:

Visit the MEXC Global website.

Click on the “Download App” button.

Select the app store for your device (iOS or Android).

Follow the instructions to download and install the app.

Once the app is installed, you can create an account and start trading cryptocurrencies.

Fees

MEXC Global provides displays the Maker-Taker fee structure for spot trading and contract trading.

In spot trading,the Maker fee is set at 0.000%, implying that market participants who provide liquidity to the order book by placing limit orders and not executing them immediately will not incur any trading fees. On the other hand, the Taker fee for spot trading is also set at 0.000%, indicating that traders who remove liquidity from the order book by executing market orders will not be charged any fees as well.

For contract trading, the Maker fee remains the same at 0.000%. However, the Taker fee is slightly higher at 0.010%. This means that market participants who place limit orders in the contract market and do not immediately execute them will not be subject to any fees. Meanwhile, traders who remove liquidity from the contract market by executing market orders will be charged a fee of 0.010%.

How to Open an Account？

Opening an Account on MEXC: A Step-by-Step Guide:

Visit the MEXC Website:

Go to the official MEXC website using your web browser.

Click on “Sign Up”:

Look for the “Sign Up” or “Register” button on the homepage and click on it.

Enter Your Email and Password:

Provide a valid email address and create a strong password for your account. Ensure that you adhere to any password requirements specified by MEXC.

Agree to Terms and Conditions:

Read and agree to MEXC's terms of use and privacy policy. This step often involves checking a box to confirm your agreement.

Verify Your Email:

Check your email inbox for a verification message from MEXC. Click on the verification link provided in the email to confirm your registration.

Complete Additional Verification (if required):

Depending on MEXC's policies, you may need to complete additional verification steps, such as Know Your Customer (KYC) procedures. Follow the instructions provided by MEXC to complete these steps.

Once you have completed these steps, your MEXC account should be successfully created.

How to Buy Cryptos

Below is a detailed, step-by-step guide on how to purchase cryptocurrencies on MEXC:

On PC:

Visit the MEXC Website:

Go to the official MEXC website and log in to your account.

2. Navigate to the [Buy] Tab:

Find and click on the [Buy] tab on the platform.

3. Select Fiat Currency and Cryptocurrency:

Choose the fiat currency you want to use for the purchase and the cryptocurrency you wish to receive.

4. Enter Amount:

Enter the amount you want to pay in fiat currency or the amount of cryptocurrency you want to receive.

5. Click [Buy]:

Click the [Buy] button to proceed with the purchase.

6. Choose Payment Method:

Select a suitable payment method from the options provided.

7. Confirm Payment:

Confirm the payment details and complete the transaction.

8. Automatic Deposit:

Upon payment confirmation, the cryptocurrencies you purchased will be automatically deposited into your MEXC account.

On App:

Download and Install the MEXC App:

Download the MEXC app from the App Store or Google Play and install it on your mobile device.

2. Login to Your Account:

Open the app and log in to your MEXC account.

3. Navigate to the [Buy] Section:

Find and access the [Buy] section within the app.

4. Choose Fiat and Cryptocurrency:

Select the fiat currency you want to use and the cryptocurrency you wish to receive.

5. Input Amount:

Enter the amount you want to pay or the amount of cryptocurrency you want to receive.

6. Tap [Buy]:

Tap the [Buy] button to initiate the purchase.

7. Select Payment Method:

Choose a suitable payment method available on the app.

8. Confirm Transaction:

Confirm the transaction details and proceed with the payment.

9. Automatic Deposit:

After confirming the payment, the cryptocurrencies you bought will be automatically deposited into your MEXC account.

Note: Always ensure the security of your account and follow MEXC's guidelines for secure transactions.

Payment Methods

MEXC Global mentions the option to buy coins with one click using VISA and Mastercard as accepted payment methods. Additionally, it states that S€PA payments are accepted for buying coins.

MEXC Global represents the peer-to-peer (P2P) option for buying and selling coins on MEXC Global. Bank cards, MoMo, Zalo Pay, and ShopeePay-SEA are listed as the accepted payment methods for both buying and selling coins.

MEXC Global involves the use of third-party services, namely moonpay, banxa, simplex, and mercuryo, for buying coins. It is important to note that this fee could be specific to the combination of using a third-party service and buying coins for an amount of 1000 EUR, or it could be a fixed fee associated with using any of the mentioned third-party services.

Exchange Comparison

MEXC Global - MEXC Global is overseen by MTR for regulatory compliance. MEXC Global is a suitable choice for experienced traders and individuals seeking a broad selection of cryptocurrencies for trading purposes. With a vast array of cryptocurrencies available, users have the opportunity to explore various investment possibilities. The competitive pricing of fees may also be appealing to frequent traders.

GIBX EXCHANGE Regulated by FINTRAC,GIBX EXCHANGE is suitable for individuals who prioritize compliance and regulatory standards. It is particularly relevant for users in Canada who are looking for a trustworthy and compliant exchange to trade cryptocurrencies.

Coinbase -Regulated by the SEC and FinCEN, Coinbase is suitable for users who prioritize strict regulatory oversight and compliance. It can be a good choice for individuals in the United States who want to trade popular cryptocurrencies with a well-established and reputable exchange. Additionally, the promotion offering $200 in crypto could be appealing to new users looking to start their cryptocurrency journey.

Is MEXC a Good Exchange for You？

MEXC is the best exchange for experienced traders. It offers a wide range of trading assets, competitive fees, and a variety of trading tools and features. MEXC also has a deep liquidity pool, which means that traders can easily buy and sell large quantities of cryptocurrencies.

MEXC's diverse offerings and user-friendly approach make it accessible and beneficial for a wide range of individuals, from beginners exploring the crypto space to experienced traders and institutional investors seeking advanced features and services.

Beginners: MEXC is well-suited for beginners in the cryptocurrency space. The platform provides user-friendly interfaces, comprehensive educational resources, and step-by-step guides to facilitate a smooth entry into crypto trading.

Experienced Traders: MEXC caters to experienced traders with a wide range of trading assets, including spot, margin, and futures trading. Advanced features like technical analysis tools and diverse trading pairs accommodate the needs of seasoned traders.

Investors: MEXC appeals to investors seeking various investment opportunities beyond trading, such as staking, lending, and participation in investment products like LBank Labs and LBank Earn.