Recently, rumors of the MEXC Global scam have appeared stemming from impersonation on the Internet and fraudulent activities from bad actors. The incident has seriously affected the platform’s reputation. So today MCrypto will answer all customers’ questions, if you are interested, don’t miss it!

Explaining the MEXC Global scam rumor

MEXC Global is a cryptocurrency exchange that is a popular trend today. So is the recent fraud incident on the MEXC exchange true or false? Should I participate in this electronic platform? The answer will be in the following information.

Reasons leading to MEXC fraud

MEXC exchange is the choice of many traders, helping them record many achievements in trading. However, in some cases, confusion leads to MEXC being suspected of fraud. This comes from some of the following common causes:

• Confusion or incorrect receipt of information about MEXC:

Exposure to false information on social networks will cause unnecessary misunderstandings. Therefore, before accepting any data, you must carefully check and select it.

• System and technical issues:

It is possible that in some situations, the exchange will encounter some problems that require maintenance. This causes inconvenience for users, leading to misunderstandings about the MEXC scam.

• MEXC and competition from competitors in the industry:

The cryptocurrency field during this period is growing very quickly. Therefore, being competitive and placing orders from competitors is inevitable. 

>>See more: MEXC account creation is detailed and simple for a beginner

Warning of fraud by fake form on MEXC exchange

The above misunderstanding and counterfeit acts have negatively impacted MEXC’s brand reputation. We hope that readers will pay attention and warn surrounding users to be wary of the following forms of fraud:

• Serious acts of infringement against MEXC when falsely propagandizing about MEXC’s association with its subsidiaries. Or impostors, distorting the truth and spreading rumors that defame MEXC’s reputation.
• Fraud, profit sharing deposit to appropriate property and personal information of MEXC users.
• Fraud by luring customers into strange chat groups, calling for capital, and investing in “ghost” projects.

How to protect against phishing attacks when trading at MEXC

To defend against phishing attacks from predatory individuals, you need to:

• Identify legitimate websites before clicking on links and logging in.
• Enhanced security with 2FA layers and not saved locally.
• Do not disclose your password or account information to anyone.
• Set up an anti-phishing code via Email issued by MEXC.

Recently, there have been many crooks approaching users in the name of employees and judicial agencies. Then scam to appropriate customers’ assets and information. But as long as you are alert enough, applying the above prevention experiences will limit certain risks.

Evaluate whether the MEXC exchange is reputable or not.

Objectively evaluating MEXC, does the platform ensure safety for users? Surely you will find the answer after reading and learning about MEXC’s activities.

MEXC Global operating license

Although only established in April 2018, MEXC has been granted business licenses by 5 countries. That shows that MEXC is being approved and becoming one of the reputable operating platforms in the international market. Furthermore, the virtual currency market always has potential risks and contains complex legal procedures. Therefore, owning licenses is a factor that helps MEXC prove its safety and security. And the MEXC Global scam is completely untrue.

Security and security issues of MEXC exchange

MEXC exchange always operates with a motto focusing on improving security and complying with regulations. Besides, the technical team also built an extremely modern risk control system. The purpose is to help customers monitor unusual activities and provide the fastest solutions. Especially when MEXC deploys a DDOS system to prevent cyber attacks and store assets in cold wallets… Ensuring the safest and most secure for customers’ accounts and funds.

Operational history of MEXC exchange

In 2018, MEXC was established with the name MXC and has made a lot of impression on the investor community. Step by step become pioneers in the field of finance and blockchain technology. After only 1 year, MEXC captured 5% of the global digital asset trading market share. 

By 2020, MEXC will focus on team development and expanding new coins and tokens. Combined with technological innovation, it gives users the best trading experience. It is because of that relentless effort that MEXC received the award “Best Cryptocurrency Exchange in Asia” at the Crypto Expo Dubai 2021 event. And increasingly affirmed its position in the trading arena. international.

>>See more: MEXC global – A safe place to trade virtual currencies

Conclusion: Is the MEXC Global scam story true or false?

According to current information sources, there has not been any confirmation of the MEXC Global scam. Furthermore, with 5 years of experience in the industry, MEXC has not recorded any cases of harm to customers. With a trading volume of up to 400 million USD per day, high liquidity, security, scale, and trust indexes have helped MEXC Global be ranked 9/10 in CoinGecko’s Trust Score index.

Besides, MEXC also provided evidence to deny that the rumors were false. This shows how extremely safe MEXC is compared to other platforms. So it can be said that you can invest and trade on MEXC without having to worry about legality or security.

Summary

If you suspect or come across a case of MEXC Global scam  or suspect that MEXC is legit, please contact the system team immediately to report promptly and receive quick answers. Hopefully, the information that MCrypto has shared above will help you trade most safely.

FAQ

Is the MEXC exchange legal in the US?

Our country’s laws have not recognized any foreign virtual currency exchanges. Therefore, the act of participating in investment is not illegal, but when a dispute arises, citizens will not be protected and supported by US law.

Is MEXC reputable? Should I invest in MEXC?

With what MEXC has demonstrated over the past 5 years with licenses and certificates. creating a solid safe trading environment. Therefore, it can be said that MEXC is reputable enough to invest and trade virtual currency.

What should you do if you encounter a MEXC Global scam?

When you encounter fraudulent acts from external or internal individuals, quickly contact the team via the following contact methods. Also, submit a complaint for immediate support and problem resolution.