Since its establishment in 2018, the MEXC exchange has gained popularity and positioned itself as one of the leading crypto exchanges worldwide. Based in Seychelles, the platform adheres to regulations in reputable countries. Boasting over 10 million users from more than 170 countries, MEXC has listed an impressive 1,520 coins, providing its users with a diverse range of coin offerings. With 2,110 pairs available, users can trade their desired cryptocurrencies with ease.
To ensure the security of its users’ funds and data, MEXC has implemented various measures. Thus, if you seek a platform with extensive coin offerings, a vast user base, and a high level of security, MEXC global exchange might be the right choice for you.
However, before making any investment decisions, it’s essential to consider other factors like trading options, fees, and user interface, and carefully assess whether the exchange meets your needs and preferences.
Spot Trading on the MEXC Exchange
Considering whether an exchange supports spot trading is vital when selecting a crypto exchange. Spot trading is the primary marketplace for buying or selling cryptocurrencies, involving trading one cryptocurrency for another. This feature is available on every crypto exchange, including the MEXC global exchange.
As a centralized exchange, MEXC offers a plethora of spot trading options. With over 1,520 crypto assets and almost 2,000 pairs supported, traders can efficiently diversify their portfolio. Additionally, traders can opt for limit or market orders, granting them more control over their trades.
Leverage Trading ETFs
Investors who use the MEXC exchange enjoy the unique opportunity to trade exchange-traded funds (ETFs), which is not available on several other platforms. ETFs are investment tools that track the performance of specific indices or groups of assets, like technology stocks or bonds. They are a favored choice for investors looking to diversify their portfolio and gain exposure to various markets and asset classes.
Leverage trading is an option for those interested in trading ETFs. This type of trading allows traders to multiply the yield rate of an underlying asset.
If Bitcoin increases by 5%, a leveraged ETF offering 3x returns on Bitcoin will go up by 15%. However, it is crucial to have a comprehensive understanding of the underlying assets and the risks involved in leverage trading before engaging in it.
Fee Charged by the Platform
The fee structure of the MEXC global exchange is a critical factor to consider before using the platform. Understanding how much you will be charged can help you decide whether or not it aligns with your budget.
Thankfully, MEXC boasts one of the most competitive fee structures in the market. Making deposits is free, and there are no additional charges to worry about.
The trading fee you will have to pay is based on the market maker and taker fee model as well as whether you choose spot or futures trading.
For spot trading, the fee is:
- 0.1% for market takers
- 0% for market makers
For futures trading, the fee is:
- 0.03% for market takers
- None for market makers
Is MEXC a Secure Exchange?
Advanced encryption and multi-factor authentication are used by the MEXC exchange to ensure the security of its users’ funds and data. In addition, the platform has a 24/7 monitoring system to detect any suspicious activity and prevent potential security breaches.
To further enhance security, MEXC provides high-end cold wallet storage and high-performance mega-transaction matching technology, ensuring users’ funds are kept safe and that trading crypto is seamless.
Margin Trading Supported
When considering an exchange, margin trading is an essential feature to evaluate. Margin trading enables traders to amplify their purchasing power by borrowing funds from the platform, allowing them to take larger positions in the market. However, this feature comes with added risk, making it a more advanced trading strategy.
MEXC offers margin trading with a maximum leverage of 10x, which is lower than some other platforms but still provides traders with a significant advantage. While higher leverage can lead to more substantial profits, it also increases the risk of significant losses.
Hence, MEXC exchange’s relatively lower leverage could be a safer choice for traders who are new to margin trading or prefer a more conservative approach.
One of the unique features that sets the MEXC global exchange apart from others is its support for crypto staking. This feature is not widely available on other platforms.
Crypto staking allows cryptocurrency holders to contribute their coins to a shared pool or wallet and earn rewards in return. This feature is only available on proof-of-stake blockchains, and staked tokens are used to validate transactions on the network.
By participating in crypto staking, users can earn passive income on their holdings while supporting the network’s security and efficiency.