MEXC is a new virtual currency exchange established in April 2018. Although it was only established 5 years ago, the platform seems to have surpassed big names in the financial sector. At the same time with the wave of development of Crypto, the exchange is becoming more and more interesting. So what outstanding points does MEXC have to achieve such achievements? Join MCrypto to learn in detail about the features and give an objective assessment of the exchange!

What is MEXC? Learn about today’s leading cryptocurrency exchanges

To help readers better understand the origin and reputation of MEXC Global, we have compiled important information below.

MEXC Global was founded by which country?

MEXC Global (formerly MXC) is the world’s leading digital asset trading platform. Established in April 2018 by the number 1 team of Blockchain technology experts in Singapore. Under the leadership of CEO John Chen, after just 1 year, MEXC has achieved extremely impressive achievements, accounting for a 5% market share in the digital asset market. With such rapid development, the exchange currently owns many large and small representative offices around the world. Going further, providing services to more than 7 million users from 70 countries globally.

Legal documents of MEXC exchange

Recently, legal issues in the field of virtual currency investment have been tightened. Therefore, the birth of MEXC has gone through testing, evaluation, and strict control. That shows the reputation and transparency that MEXC brings to users. Below are some operating licenses and achievements that MEXC has achieved over the past 5 years:

• MEXC Global Exchange received DoC certificates in the following countries: Australia, Canada, the United States, and Estonia.
• Won the “Best Cryptocurrency Exchange in Asia” award in 2021 at Crypto Expo Dubai.
• According to January 2022 statistics, MEXC was ranked 17th in the world with the most recent 24-hour trading volume reaching 691 million USD.
• Possesses the ability to complete 1.4 million transactions per second.

Because the operating time is still quite short, the MEXC exchange has not been able to add many stars to the leaderboard. But the team has also proven its capabilities, bringing MEXC closer to traders.

Information about Crypto MEXC fees

It can be said that one of the reasons why Crypto MEXC attracts so many investors is thanks to its competitive fees, including:

MEXC Escrow Fee

The deposit fee every time you deposit money into MEXC is completely free. However, FIAT deposits will not be supported, users must use fiat currency to buy cryptocurrency directly. The fee will depend on the third party’s terms, usually ranging from about 3-5%.

MCrypto fees

Even spot trading fees on the MEXC platform are not charged to buyers. Meanwhile, buyers will only pay 0.2% of the corresponding fee (Applicable from February 2023). For futures contract trading, the fee for the maker is 0 USD and the taker is 0.06%. Furthermore, it also depends on your 30-day trading volume for the deduction.

Withdrawal fee

Withdrawal fees on MEXC Global will be divided into 2 types:

Withdraw money FIAT MEXC

As stated above, FIAT withdrawals are not supported on MEXC Global. Therefore, users are forced to use services provided by third parties. This means that if you want to sell cryptocurrency directly to buy FIAT money, you can trade on the P2P market. At that time, you will be free and given the desired price.

Withdraw cryptocurrency

Cryptocurrency withdrawal fees will be calculated differently based on each currency. Some types are free, but others will have specific prices applied. You can find information for each currency on the official MEXC fees page.

“Rolling roll” of products on the MCrypto exchange

The MCrypto platform is chosen by many people thanks to its extremely diverse products. Some outstanding features include Launchpad, Kickstarter, and P2P… which you will learn about below.

MEXC Launchpad

Launchpad is a free airdrop event organized by MEXC for MX holders. To help them hold MX and easily receive free Tokens.

Criteria when joining Launchpad

You can participate in the event to receive rewards on the main website or application of the exchange. However, the criteria when participating in Launchpad is that the owner must hold a minimum of 1,000 MX Tokens and must hold MX Tokens for a minimum of 30 days.

Kickstarter 

In addition, MEXC continues to launch a Kickstarter version – Where users can pledge MX and vote to support their favorite projects. The purpose of this event is to determine the quality of projects. Thereby bringing airdrop benefits to users on MEXC.

How to participate in the MEXC Kickstarter event?

To participate in the Kickstarter event, you can use MX pledges and participate in voting by project. If you have a lucky chance, you will win a free project airdrop. To know the details of the format and time… readers can look up the MEXC website.

Futures

Futures MEXC is a futures trading contract. Here, the system will provide you with basic knowledge about Futures trading to help you quickly understand and conduct transactions with many advantages.

Why should you choose to trade MEXC Futures?

During the 4 years of experience since operation, Futures products are ranked top 1 in terms of liquidity globally. Furthermore, multi-layer and multi-cluster security is extremely stable with high performance of up to 1.4 million commands per second. Leveraging up to 200x with a variety of products makes it impossible for traders to ignore MEXC Futures.

Spot Trading

MEXC also provides a Spot trading feature – Spot trading between buyers and sellers in cryptocurrency at a consensus price. It does not involve any futures trading or leverage. Thanks to that, transactions will be completed immediately.

Why is Spot trading needed?

Traders should choose Spot trading because it has many advantages of convenience, speed, and low cost. Instead of having to use fiat currency to exchange for cryptocurrency, you just need to keep cryptocurrency available to exchange with other currencies you want to hold. Furthermore, Spot has stronger anonymity, creating convenience in converting crypto assets.

MEXC P2P

The exclusive P2P trading feature on MEXC allows users to directly trade digital assets with other users. Or you can use P2P to buy/sell assets as an advertiser or Taker. In this case, P2P only acts as an intermediary market, not directly performing any transactions.

Is P2P trading on MEXC safe?

MEXC customers can be completely assured about the safety level of P2P. Once the order is placed, the specified amount of digital assets will be locked until both parties complete the transaction. At the same time, the locked assets cannot be used in any form until the P2P order has been canceled.

Is MEXC reputable? Should I trade on MEXC Global?

So is MEXC Global reputable? How to know whether or not to trade on this platform? Let’s look forward to MEXC Trading’s answer.

Is the rumor about the MEXC scam true or fake?

The crypto exchange is a field with many potential economic risks for users. Therefore, the MEXC scam breaking out into the market was inevitable. But the truth is that these are just baseless words stemming from unfair competition or customer misunderstandings. Because MEXC has proven its transparency through legal documents or outstanding achievements in recent times. Therefore, before concluding, readers should research and select information intelligently. That will limit information distractions, and concept swapping and protect the reputation of MEXC ‘s brand.

MEXC exchange review

After a period of inspection and testing, industry experts have given the following summary of the MEXC exchange assessment:

Outstanding highlights of the MEXC exchange

In particular, the MEXC exchange possesses many outstanding advantages that not all Crypto exchanges have:

• MEXC ‘s security level is considered the safest Crypto exchange today.
• Supports multi-language system with 10 popular languages.
• The large MEXCer investor community creates a playground with many potential trading opportunities.
• Commission level up to 20-80%, attractive MEXC agent program.
• High withdrawal limit of up to 5 BTC without KYC confirmation.
• Integrate many types of coins and Tokens, including trending Tokens.

Evaluate the MEXC exchange through its weaknesses

Besides, virtual currency traders still need to pay attention to some limitations:

• The platform interface is not flexible, difficult to see, and difficult to operate for new users.
• The MEXC system sometimes crashes and lags, affecting the user experience.
• Assets available for quick purchase are limited depending on geographic regions.

Instructions for registering a MEXC account for newbies

Through the preliminary MEXC exchange reviews above, you have surely found your answer as to whether you should participate in trading on MEXC or not. If you are determined to become a good MEXC, please join us in opening an account quickly through instructions.

How to register for a MEXC Global account on your computer

The process of registering a MEXC account on the computer will be through 2 methods: Email and account linking from a 3rd party will take place as follows:

For email/phone number registration method:

• Step 1: Open MEXC ‘s official website => Click “Register”. Or you can quickly access it via this link: https://www.mexc.com

• Step 2: Choose the email or phone number registration method.
• Step 3: Enter Email address or Phone number => Set a password based on the exchange’s requirements.

Note: Enter referral code “1RKK3” to receive support from the MEXC Trading team in the US => Click “Register”. Please also check the box “Agree to the user agreement…” set by MEXC.

• Step 4: Continue to verify the image and enter the verification code sent from the system to complete the registration process.

For linking method from 3rd party account, you can choose Google, Apple, MetaMask Wallet. Telegram… to connect quickly.

>>See more: Detailed MEXC registration instructions for newbies

Things traders need to keep in mind when registering for a MEXC account

However, during the process of registering a MEXC account, traders need to note many important things to ensure the process goes smoother:

• Traders need to prepare the necessary papers and documents to verify their identity.
• To secure your account, you must use a strong password and make sure not to share it with others. And connect to the 2FA security feature provided by the MEXC exchange.
• Read and understand MEXC ‘s terms and regulations before registering. To limit risks and policy violations.
• Request to provide authentic information that matches the declared documents.
• Do not create an account for profiteering, fraud, or money laundering… in violation of the law.

If anything remains unanswered, you can contact the MEXC exchange consulting team for assistance in resolving the issue.

Conditions to open an account on the MEXC exchange

Besides, users who want to open an account on MEXC must comply with the following conditions and regulations:

• You must be of age according to MEXC regulations (usually according to the legal age of each country).
• Users must verify their identity by providing personal information for verification.
• Requires account not located in the restricted area according to Crypto exchange policy.
• Users must read and agree to the terms and regulations before they can register.

In addition, traders can register an account on the exchange’s app conveniently and quickly. So are app transactions at a disadvantage compared to web users? We will answer the answer through the following information.

Introducing the MEXC app and basic usage

The MEXC app is an application that supports transactions anytime, anywhere developed by the MEXC system. Here you can enjoy a comprehensive service platform with high speed, attractive transaction fees… and become a professional investor. In particular, the app is also supported on all iOS, Android, and Windows mobile devices, facilitating convenient transactions anytime, anywhere for users.

How to download MEXC’s app on my phone?

So how to download MEXC ‘s application on the phone?

• Step 1: Scan the QR code leading to the application download link on the MEXC web.

Users can directly download the application from the CH Play Store and App Store.

• Step 2: Click the “Download MEXC” button to install the application.
• Step 3: Launch the application when the download is completed.

If you receive a notification from the system about a risk warning on your device. Please click “Still install”.

Instructions to get acquainted with the tools on the MEXC app

The version of the application will have minor changes every time it is updated. However, the general interface will usually have a general layout, specifically:

• Home page: The application’s home page serves as an entry point that includes general information about the virtual currency market, price charts, and announcements.
• Exchange: Here you can access trading pairs, view price charts, place orders and manage trades. Based on fluctuations, be flexible in adjusting buy/sell orders.
• E-wallet: The MEXC app provides a cryptocurrency wallet feature that allows users to manage utility accounts. Through which you can check the balance. View transaction history or make quick deposits/withdrawals.
• Futures and market features: Depending on the updated version, you can access features to trade on the virtual currency market.

>>See more: MEXC App: Fast transactions on mobile devices

Summary

MEXC is a Crypto exchange with many active programs in the market. Hopefully, the useful information that MCrypto has provided above will give you an objective view of the platform. As well as making it easier for you to create an account for yourself to trade most effectively.

FAQ

Is the MCrypto exchange guaranteed to be reputable? 

To operate in this risky field of virtual currency investment, the exchange has met all standards and is licensed by reputable organizations.

Why should you participate in trading on MEXC?

Because MEXC is a Crypto that ensures 3 factors: Safety, reputation, and transparency for traders. Help them create potential trading opportunities with the highest profits.

How to open an account on MEXC?

You can register an account on the official website or application of the exchange. If you have difficulties, please contact the customer service team for free support.