MEXC Global

Overview of MEXC Global

Founded in 2018, MEXC is an unregulated exchange of high performance and mega transaction matching technology. The team at MEXC are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC caters to more than 10 million users in more than 170 countries and regions around the world with over 1500 cryptocurrencies. What's more, MEXC Global offers a few different ways to deposit funds for buying cryptocurrencies, such as Fiat currency deposits, credit and debit card deposits.

Pros and Cons

Security

Encryption: MEXC utilizes two forms of encryption:

SSL Encryption: This secures communication between your device and the MEXC platform, protecting data transfer from unauthorized interception.

AES-256 Encryption: This encrypts data stored on MEXC's servers, adding an extra layer of security for your personal information and holdings.

Cold Storage: The majority of user funds are stored offline in cold wallets, which are not connected to the internet and are thus immune to online hacking attempts.

Multi-Signature Wallets: For added security, withdrawals from MEXC often require multiple approvals, minimizing the risk of unauthorized access to funds.

Two-Factor Authentication (2FA): This extra layer of login security requires a second verification step, typically a code sent to your phone or generated by an authentication app, on top of your username and password.

DDoS Mitigation Systems: MEXC employs systems to defend against Distributed Denial-of-Service (DDoS) attacks, which can overwhelm a website and prevent legitimate users from accessing it.

Cryptocurrencies Available

Users can trade more than 1,500 cryptocurrencies and manage their portfolios using the app. The platform is designed so users can have access to spot, margin, and futures trading. It also offers access to exchange traded funds (EFTs), both leveraged and index.

Fees

MEXC Global charges fees for trading, withdrawals, and other services. Trading fees follow a tiered structure based on a user's 30-day trading volume and MX token holdings, generally ranging from 0.1% to 0.06%. Withdrawal fees depend on the specific cryptocurrency and fluctuate with network fees. Futures trading fees also follow a tiered structure, similar to spot trading. Additional fees may apply for services like margin trading, staking, and lending.

Payment Methods

MEXC Global offers multiple deposit methods for investors in over 170 countries with over 50 different fiat currencies. The primary deposit methods available on MEXC are:

Cryptocurrency deposits: Users can deposit various cryptocurrencies supported by MEXC into their respective wallets on the platform. Typically, users transfer cryptocurrencies from their external wallets or another exchange to their MEXC wallet address.

Fiat currency deposits: MEXC Global supports deposits in over 50 fiat currencies via bank transfers, SEPA, FPS, E-Wallets, ACH Transfer and many other methods.

Credit/debit card deposits: MEXC offers instant debit card and credit card deposits in any currency in all countries.