“ MEXC Exchange ” is a phrase that is receiving a lot of attention from those who want to enter the virtual currency investment market. Moreover, the Crypto field also has many potential risks. Therefore, evaluating the platform from many different angles will show us the value it can bring. Let’s join MCrypto to learn more about the MCrypto platform through the following article!
Learn a brief overview of the MEXC Exchange
Currently, on social platforms, there are a lot of articles about MEXC Exchange. However, to help readers summarize and understand the most important data. We have compiled general information about the exchange as follows.
Memorable milestones of MEXC Exchange
In the short period of 5 years since joining the industry, MEXC Exchange has built a memorable journey for itself. Whenever we mention this trading platform, we can immediately remember the milestones that make MEXC’s mark:
- April 2018: MEXC was officially established under the name MXC in Singapore.
- 2019: After 1 year of operation, MEXC Exchange has reached a 5% market share in the global digital asset market.
- June 8, 2021: The exchange officially changed its name to MEXC and has operated until now.
- October 21, 2021: MEXC quickly added to its achievements with the title of “Best Cryptocurrency Exchange in Asia” at Crypto Expo Dubai.
Not resting on its laurels, MEXC also promises to bring customers the best services and experiences over time from now to the future.
Operating principles and regulations of MEXC exchange
Since its establishment until now, MEXC Exchange has always applied the established operating principles and regulations. That is also considered one of the premises that helped MEXC achieve success today, specifically:
- Users must ensure that the statements they provide to MEXC are accurate and complete. At the same time, there is no falsification or concealment intended to violate the law.
- Applicants must meet MEXC Exchange user requirements. Including Age limit, legal capacity…
- Traders do not spread any bad news that is slanderous and damages the reputation of the MEXC Exchange.
- At the same time, MEXCer must implement service rules. For example: Do not hold more than 10 orders, do not make new transactions within 7 days…
- The Trader is obliged to assist MEXC against claims from 3rd parties related to the said Agreements.
- If the agreement is violated, the trader will have his account frozen, his assets confiscated, or compensation for losses suffered by MEXC under the terms.
When deciding to participate and invest in MEXC Exchange, users must agree to the terms and conditions in the agreement. Includes any new revisions published from time to time. To better understand the regulations to ensure personal rights, we recommend that you visit the MEXC website for more details.
What do Crypto experts say about MEXC Exchange?
To help readers view MEXC Exchange most objectively, we have compiled comments from Crypto experts from many different perspectives. Overall, we can draw some advantages and disadvantages of MEXC Global.
The advantages of MEXC Global exchange
Outstanding advantages of the MEXC Global exchange include:
- MEXC Exchange provides users with many features, used in many different trading markets.
- Good security policy, ensuring absolute safety for customers’ assets and information. In addition, MEXC also adds an Anti-Phishing security layer. That helps users confirm legitimate information from the MEXC platform.
- The MEXC Affiliate program has a relatively high commission level and is not limited. Ranging from 20-80% depending on the number of MX Tokens the user holds.
- Support users to withdraw Crypto 5 BTC/day without having to perform KYC verification.
>>See more: MEXC account create is detailed and simple for beginner
Some limitations of the MEXC exchange need to be overcome
Besides, MEXC Exchange still has a few limitations that need to be overcome:
- The platform interface layout is not reasonable, too much content causes information interference.
- The website system is not stable, there are still lag errors,…
Why is the MEXC Exchange trusted by Crypto traders around the world?
Although there are still some weaknesses, MEXC Exchange is still recommended for use by Crypto experts around the world for reasons such as:
Diversity of crypto assets available on MEXC Global
The variety of crypto assets available on MEXC Global is one of the important factors that investors must consider before choosing any trading platform. Here, customers can flexibly trade with more than 1500 cryptocurrencies and 2100+ pair trading strategies. That is also the perfect condition to help you effectively improve your trading performance.
MEXC offers traders a variety of investment models
In addition, MEXC Exchange also integrates many types of investment models with a variety of different order types. From leveraged ETFs, and NFT indices to synthetic portfolio management to perpetual futures and many other Futures services. Furthermore, traders can access APIs to integrate data endpoints into the DAPP.
Copy trading with Crypto experts on the MEXC Exchange
MEXC Exchange also enables users to make profits through the copy trading feature. This tool allows users to automatically copy trades from the world’s leading Crypto experts in the most accurate way. If you are an inexperienced trader, this will be an extremely useful support feature. Traders who do not have much time for market research and technical analysis can also use Copy Trading on MEXC without having to spend too much effort.
Improve trading performance with high leverage and liquidity
Traders on the MEXC Exchange can also maximize profits by trading with leverage and using the exchange’s liquidity. With leverage up to 125 times (only applicable to some cryptocurrencies) and high liquidity will help traders improve trading performance.
Achieve capital efficiency with MEXC Futures
When trading Futures on the MEXC Exchange, investors can achieve extremely high capital efficiency with just a small amount of money. Because you can make profits by amplifying small price movements. Or enjoy leverage up to 200x, liquidity and price differences are also less than the market. So what is MEXC Futures that is so attractive to users? Readers can learn more through the following information.
Introducing MEXC Futures futures trading
At the current stage of the developing cryptocurrency market, futures contracts act as a financial derivative. It can be used by traders to increase capital or gain profits to protect against risks that arise during the investment process. However, some young investment groups will encounter difficulties in Future operations. Perhaps the information below will partly help you answer questions about futures contracts on the MEXC Exchange.
What are MEXC Futures?
MEXC Futures is a type of derivative contract that requires the trading parties to complete the asset transaction at a fixed rate date in the future. This means that the buyer and seller must adhere to the price set in the contract to transact (regardless of the current asset price).
Furthermore, futures contracts can apply to any type of commodity, material, or financial instrument. It is also seen as a type of risk insurance against a falling market. MEXC Futures will then be used to protect transactions from price fluctuations.
How to trade Futures on MEXC is easy to understand for newbies
So how can I conduct Futures trading on the MEXC Exchange? For the process to go smoothly, you first need to get familiar with the Futures interface on MEXC.
Introducing the MEXC Futures interface
The interface of MEXC Futures contains many tools to support various asset types, including:
- Home page: The content on the home page gives you the most overview of the current cryptocurrency market. Here you can also see tools and features arranged logically on the exchange.
- Price charts: MEXC Futures offers a variety of detailed price charts for trading pairs. From there you can monitor real-time fluctuations to analyze price trends.
- Placing orders: Futures allow users to quickly place orders to buy/sell futures contracts. There are also other types of orders such as Stop-loss, Take-profit…
- Position management: You can view and manage information about the number of contracts, profits, and buy/sell prices… Or adjust and close positions to suit your strategy.
- Transaction history: Allows traders to capture and check transactions made in detail on the MEXC Exchange.
How to open and close a position
To start trading, open and close any position on MEXC Futures, you need to log in to the MEXC Exchange home page. By clicking on “Futures” => Select “Eternal Futures” to access the Futures page.
- Step 1: Choose the cryptocurrency pair you want to trade on MEXC.
- Step 2: Set up modes and indicators
+ Set the margin mode and set the appropriate leverage level manually.
+ If you want to trade USDT-M futures contracts, you can transfer USDT funds as collateral from your spot account to your futures MEXC account.
- Step 3: Open a MEXC Futures position
Enter the necessary ceramic information: Price, and quantity => Select “Buy” to open a position.
All positions are listed on the Futures page, you can check and monitor there.
- Step 4: Close the Futures position
You can quickly close the position by selecting “Limit” in the information section.
What are the advantages of trading with MEXC Exchange futures contracts?
It is not natural that futures trading on the MEXC Exchange is chosen by so many people. Because it brings many advantages and trading advantages to investors, for example:
- Leverage: With 125 times leverage on futures contracts. You can achieve great capital efficiency with just a small initial capital. And you can make more profits by amplifying small price fluctuations.
- Liquidity: Furthermore, the cryptocurrency market is characterized by very high liquidity. (With trillions of dollars traded during the day). Therefore, with such a level of liquidity, risks for traders will be minimized. At the same time, it makes it easy to open and close positions at minimum prices.
- Diverse strategies: At MEXC Futures, investors can develop complex trading strategies such as Grid trading, arbitrage, short selling… To be able to profit at a better level.
- Attractive MEXC Futures Bonus: The Futures bonus program on the MEXC Exchange is extremely diverse with many different amounts. Create motivation and attract many other investors.
What is attractive about the MEXC Bonus program?
Readers can refer to some of the following data to see the appeal of the MEXC Bonus program.
Introducing MEXC Exchange bonuses
MEXC Exchange continuously launches bonus programs for all types of traders. You can receive bonuses in the form of performing tasks, participating in competitions… Most recently, we can mention a futures bonus of up to 1000 USDT, MEXC reduction of 30% of fees, free transactions with a series of events, a welcome bonus for new members…
However, for some promotional events, certain times will apply. Therefore, you should continuously update the latest information on MEXC Global so as not to miss any potential money-making opportunities.
>>See more: What is the MEXC Bonus? What Types of Bonuses Offer?
How to collect the most MEXC Bonus?
To help readers collect the most MEXC bonuses, here are some useful bonus-hunting tips:
- MEXC Exchange regularly organizes promotions and special events to thank customers. Make sure to fully participate and fulfill the requirements from the system to receive MEXC rewards.
- Seriously implement and complete assigned tasks from MEXC. Each mission will be equivalent to different reward values. Please read carefully the requirements and conditions set forth by MEXC.
- Introduce new friends to open accounts and trade on the MEXC Exchange. You will receive a referral commission of 20-80% depending on the amount of MX Tokens held.
- Earn accumulated points by trading and participating in activities to redeem for MEXC Bonus.
- Use the Staking feature to lock the balance for some time and earn interest.
Information about the scale and requirements of the program may be subject to change. Please check detailed information from the homepage and follow the rules to receive rewards.
Summary
Through the above article, we can certainly evaluate the MEXC Exchange most objectively. However, as mentioned above, cryptocurrency is a potentially risky field. At the same time, there is a high requirement for agility in understanding market fluctuations and carefulness in the technical analysis process. Hopefully, the information that MCrypto has provided will help you achieve the highest efficiency when trading on the MEXC exchange.
FAQ
Registering for a MEXC account with a 2FA password enabled?
In addition to a safe KYC security policy, MEXC Exchange also applies a 2FA layer to ensure the safety of user accounts.
Does MEXC Exchange support the US?
Have! Customers can easily switch to the US language right on the homepage interface.
Evaluate whether the MEXC Global exchange is reputable or not.
According to multi-dimensional views from leading Crypto experts in the world, MEXC Exchange is a platform worth investing in because of its reputation and transparency.
