MEXC Exchange Coin is currently of interest to many investors when they want to trade in the cryptocurrency market. So what is MEXC Exchange Coin? What types are included? How to buy coins on the MEXC trade exchange. Are they reputable? All will be answered specifically by MCrypto in the article below.
Some information about MEXC Exchange Coin
Before entering the in-depth content, you need to have the most general understanding of MEXC Exchange Coin.
What is MEXC Global? MEXC Review
Below is the history of the formation and development of MEXC as well as some investor reviews about the exchange.
History of formation and development of MEXC Global
MEXC is one of the major cryptocurrency exchanges in the world. The exchange was established in April 2018 in the island nation of Seychelles. The founding team of the exchange is experienced in the blockchain and finance industry. The exchange provides users with various services related to digital assets. These include cryptocurrency trading, spot trading, futures contract trading, Launchpad…
Currently, exchange MEXC trade is present in more than 170 different countries and is continuing to expand its operations. The platform supports the most popular languages in the world such as English, Korean, Russian, Turkish, Portuguese, Malay, Hindi, and many other languages.
Since its establishment in 2018, the exchange has also achieved quite rapid growth. After only 1 year of establishment, that is, 2019, MEXC has captured 5% of the global digital asset market. In addition, the exchange was also honored by famous blockchain media magazines with the title “Most popular trading platform” and also one of the “Best trading platforms” on the market. current time.
Currently, the MEXC cryptocurrency exchange is ranked 14th in Coingecko’s ranking of exchanges with 9 trust scores (Trust Score) and 385.5 million USD in daily trading volume.
Strengths and weaknesses of MEXC Global
In the overall assessment of MEXC trade, investors give some strengths and weaknesses as follows:
In terms of strengths, MEXC Global fully supports users with all popular tokens today. Enthusiastic and thoughtful customer care staff, ready to support full-time 24/7. User-friendly interface, easy to use even for new investors. Besides, MEXC also allows users to trade Furute with high leverage, up to 200x. The products and services on the exchange are also extremely diverse for investors to choose from.
However, in terms of weakness, the exchange MEXC trade lists too many types of tokens. That’s why some tokens have not been carefully verified. If users do not research carefully, it is easy to trade these types of tokens.
>>See more: MEXC – The world’s leading cryptocurrency exchange
What is the MEXC Exchange Coin? What types are included?
MEXC Exchange Coin is also known as MX token. Holders of MX tokens can use them to trade on the market and receive commissions from the difference between the selling and buying prices of that token.
Besides, MX token holders can also use them to exercise their right to vote on management team decisions, pay transaction fees, and many other benefits.
Currently, the total MEXC coin circulating on the market is 100,000,000 MX.
The total amount of coins will be distributed according to the following ratio:
– 14% for the founding team
– 15% for the team
– 51% for self-mining users
– 20% circulates in the financial market
Thus, users can own MX tokens through two ways: buying or self-mining.
Instructions on how to buy coins on MEXC Global
Some people want to buy cryptocurrencies listed on the MEXC exchange but don’t know how to do it. Below, we guide you on how to buy coins on MEXC Global for everyone to refer to and apply:
Step 1: Create a trading account on MEXC
To be able to buy MEXC Exchange Coin, you must first have a trading account on the exchange. How to register is as follows:
On the exchange’s homepage screen, click “Register” and fill in all necessary information. Including the email address, and password, and fill in the verification code sent to the email address.
Then, you continue with the next verification steps by downloading images of your complete identification document, both front and back, and submitting it for approval.
Besides, don’t forget to set up 2FA by selecting “Security”. In the “MEXC/Google Authenticator” section, select “Settings” => Select “Next step”. Then, use “Google Authenticator” or “Authy” to scan the QR code => Select “Next step”. You save the 2FA recovery code and continue to select “Next step”.
Finally, enter your password, email verification code, and 2FA authentication code and select “Link” to complete.
In case you already have a trading account, you can skip this step.
>>See more: Detailed MEXC registration instructions for newbies
Step 2: Deposit money into the MEXC account
After creating a MEXC trade trading account, you proceed to deposit money to make transactions. Go to the “Assets” section select “Deposit”, and select the type of token and blockchain network you want to use. Then get the deposit wallet address and proceed to deposit money into the account.
Step 3: Buy coins on MEXC
To buy MEXC Exchange Coin, go to “Buy Crypto” and select “P2P Transaction”, select “Buy”.
In this section, you choose the cryptocurrency you want to buy. Then enter the amount you want to buy and choose a payment method.
Next, you choose the merchant you want to trade with and press “Buy”. In the end, your job is just to transfer money to the seller and wait for them to unlock the crypto.
Is buying MEXC Exchange Coin reputable?
Despite having consulted the above information, many people still wonder whether buying MEXC Exchange Coin is reputable, is MEXC trade safe or not?
Answering this question, MEXC is a legal cryptocurrency exchange. The exchange has a clear management organization and has DoC compliance certificates in Australia, Canada, Estonia, Switzerland, and the United States and through jurisdictions in the above countries.
Besides, MEXC is also one of the few exchanges that comply with both GDPR and Fincen regulations. MEXC has also developed sophisticated security risk management and anti-DDOS systems to prevent hackers from attacking the network. Every second, the trading volume on the exchange can reach up to 1 billion US dollars. Order matching performance reaches 1,400,000 orders/second.
Conclude
It is no coincidence that MEXC trade has become one of the cryptocurrency exchanges chosen by many investors, and MEXC Exchange Coin is popular. Therefore, if you have just entered the market and do not know which reputable exchange to choose to trade, you can refer to the above article of MCrypto to make the most suitable decision.
FAQ
Has Exchange MEXC ever been hacked?
The answer is no. Up to now, exchange MEXC has never been hacked
How much is the transaction, deposit/withdrawal fee on MEXC?
Regarding transaction fees, currently MEXC Global is applying 0.2% (excluding received assets). Meanwhile, the deposit process on the exchange is completely free and withdrawals are not fixed but depend on each platform.
Is it possible to trade on MEXC Global in the US?
Have. MEXC is a global electronic trading exchange and supports many different languages. Therefore you can make transactions on MEXC Global in the US.
