MEXC Global is a centralised cryptocurrency exchange (CEX) launched in 2018.
MEXC Global is a centralised cryptocurrency exchange (CEX) launched in 2018. Over the years, the platform has not only significantly expanded the range of services it offers, becoming a benchmark for the number of assets available for cryptocurrency trading, but has also won the trust of millions of users in over 100 countries.
In this review, we'll find out how the free cryptocurrency exchange MEXC works and what sets it apart from other exchanges.
Cryptocurrency exchange MEXC: Short History
MEXC Global, formerly called MXC, was registered in April 2018 in Singapore. The platform was launched by Metin Mehmet Durgon and John Cheng Ju. Three months later, the MX exchange token was released and became an important part of the ecosystem. One year after the launch, MXC accounted for about 5% of the global cryptocurrency trading market.
In 2020, the exchange changed its name to MEXC Global and launched an updated global trading platform. Executives explained that the innovations were due to growing popularity and a desire to offer users a more convenient and modern interface for buying and selling crypto assets. The upgrade covered the entire functionality of the exchange, from the spot market trading system to the wallet and the user's personal account. In 2021, MEXC received the 'Best Cryptocurrency Exchange in Asia' award at Crypto Expo Dubai.
Currently, MEXC Global serves 10 million users worldwide. The exchange is still based in Singapore, but the company has licences to operate in other countries, including the US, Canada, Switzerland and Australia. MEXC's official website supports more than 15 languages.
Advantages of MEXC
The cryptocurrency exchange platform MEXC offers advantages such as the lowest fees in the industry, excellent trading depth, high security and stability, flexible trading rules and industry-leading liquidity, making it an ideal choice for futures trading users.
Advantages
Strict security measures in place Farming opportunities High liquidity on all trading pairs Wide range of cryptocurrencies
Disadvantages
Delayed customer service
You can trade on MEXC's free platform for exchanging cryptocurrencies as a Maker or Taker.
Makers:Makers place an order with a specified price and quantity and wait for it to be executed by other users. Maker orders increase market liquidity.
Taker:Takers actively match their orders to existing limit or market orders placed by other users. Taker orders consume market liquidity.
Excellent trading depth
Since its inception, MEXC's free cryptocurrency trading platform has made significant progress in selecting and offering high-quality projects, earning it wide recognition among users. With years of industry experience and a solid reputation, MEXC has amassed over 30 million users, making it the first choice for beginners and experienced traders alike. Its operations cover over 170 countries and regions around the world.
High security and stability
MEXC's trading system features a multi-level, multi-cluster architecture based on a high-performance trading engine developed by specialists with experience in banking technology. It is capable of processing up to 1.4 million transactions per second, ensuring maximum efficiency and performance.
Flexible trading rules
The trading rules for futures on MEXC are extremely flexible, with leverage adjustable from 1x to 200x. USDT-M perpetual futures support a maximum leverage of 200x, while Coin-M perpetual futures support levers of up to 125x. When trading futures on MEXC, you can choose between limit orders, market orders, trigger orders, trailing stops, position-only orders and more.
Industry-leading liquidity
MEXC is the best free cryptocurrency exchange that offers industry-leading liquidity: requests on a deep order book and large buy/sell orders, providing traders the convenience of fast executions. The depth of the spot market also demonstrates significant advantages.
What Does MEXC Offer Today?
The MEXC cryptocurrency exchange naturally has the basic functionality of a cryptocurrency trading service. It offers users access to spot trading, derivatives, futures trading, supports fiat currencies and has high liquidity.
The developers of MEXC are known for their quick adaptability to changes in the industry. They actively monitor the area for new tools and techniques, subsequently implementing them in the exchange. Thus, MEXC has gradually added a copy-trading function, which allows for the development of strategies based on professional templates, and an intelligent trading bot, which saves traders a lot of time. There is also the possibility to open a futures demo account to try this type of trading without big losses in case of failure.
Currently, MEXC works with more than 1765 markets. It has the largest number of cryptocurrencies available (more than 1491 coins).
How do you Verify on MEXC?
Verification is performed as follows:
Step 1. In your personal cabinet, in the "Verification" section, click on the "Start Verification" button.
Step 2. In the window that opens, specify your country of residence, name and choose a document to confirm your identity (passport, driving licence, ID card).
Step 3. Enter the number of the selected document.
Step 4. Upload a photo of the passport page or the part of the document where the photo and name are visible.
If the basic verification is sufficient for you, the process is complete. You will have to submit the data and wait for the exchange's response for approximately 2 days. If you wish to use all the tools presented to the fullest, it is advisable to complete the extended verification. This will require additional steps.
Step 5: Upload a selfie.
A special integrated programme will ask the customer to upload a volumetric selfie. To do this, you will have to put your face in the photo frame and turn your head in different directions. If the quality of the photo is satisfactory to the exchange, the request can be sent for evaluation.
Step 6: Click on the button to send the data and wait for verification and confirmation for 2 days.
Extensive verification, for example, allows you to buy cryptocurrencies with a bank card, which makes trading much easier.
Registration
When you visit the site for the first time, you will need to register. The procedure will only take a few minutes, just like on many other online resources. To do so, you will need to follow these steps:
In the upper right-hand part of the window, click on the 'Register' button.
A special area will open with a choice of registration method via phone number or email. Click on the one you prefer.
Enter the requested data and the verification captcha, read the privacy policy, and put a tick to give your consent to participate.
You will receive a confirmation SMS on your email or telephone address, then go back to the site and enter your login (phone or email) and password.
In this way, each user will get a personal cabinet (PC), where they will be able to:
change password;
add/correct personal information;
check;
update phone number;
generate keys;
unlock account.
Users can lock their personal account with a single click. This can be done if there are doubts about the complete protection of personal data. An example would be the appearance in the history of transactions that have not been made by the customer. By blocking via the Personal Area, you can quickly close access to your funds, and at the same time, the support service will help you resolve problems and restore your account.
How to Deposit
To make a deposit on the exchange MEXC, follow these steps:
Log in to your MEXC account: Open the MEXC website or app and log in to your account. If you do not have an account, you will need to create one.
Go to the deposit page: Once logged in, go to the "Assets" section, usually found in the top menu. In the drop-down menu or the assets section, select "Deposit".
Choose the cryptocurrency/token you wish to depositYou will see a list of cryptocurrencies. Select the one you would like to deposit (e.g.,
Get your deposit address: After you select the cryptocurrency, MEXC will generate a deposit address for you. You may have the option to choose from several networks (e.g. ERC-20, TRC-20, BEP-20 for USDT). Make sure to select the network that corresponds to your sending wallet.
Copy the deposit address
: Copy the deposit address provided by MEXC. Make sure you copy it correctly.
Send crypto from your external wallet: Open the wallet where your cryptocurrency is stored (e.g. MetaMask, Trust Wallet or another exchange account). Initiate a transfer to the storage address you copied from MEXC. Double check the address and network to avoid errors.
Confirm Deposit: Once the transaction has been confirmed on the blockchain, MEXC will reflect your deposit in your account. This may take a few minutes depending on network traffic.
How to Make a Withdrawal
On the official MEXC page, click on "Wallet" in the top right-hand corner and select "Withdraw".
Select the cryptocurrency you wish to withdraw.
Enter the withdrawal address, select the network, and enter the withdrawal amount. After verifying that the data is correct, click the "Submit" button.
The data network is the network used to process cryptocurrency transactions and transfers. Different cryptocurrencies can use different blockchain networks, e.g. Bitcoin uses the Bitcoin network, Ethereum uses the Ethereum network and so on. Some tokens support multiple networks. In this case, care must be taken to choose the right network.
When you withdraw some tokens, you must complete the Memo field. If you do not complete the Memo, the withdrawal will not be credited.
Enter the email verification code and the Google Authenticator code, then click "Submit".
Wait until the withdrawal is successfully completed.
MEXC commissions
trading commissions
Trading on the spot market MEXC is free of charge. On the futures market, trading commissions are 0% for the maker and 0.02% for the taker. For the ETF market, commissions are 0.2% maker and taker.
I/O commissions
There are no commissions for depositing funds on the MEXC crypto exchange. Cryptocurrency withdrawals may be subject to a fee. It depends on the currency. For each of them, a minimum withdrawal value is defined.
KYC on MEXC
To extend the withdrawal limit, verification of an account on the MEXC cryptocurrency exchange is required. Without it, the daily limit is 20 BTC. After identity verification with the help of documents, the withdrawal will be up to 80 BTC. With selfie verification - up to 200 BTC per day. The other functions of the exchange are fully available to users without account confirmation.
MEXC Mobile App
MEXC, the best cryptocurrency trading platform, has a mobile app that you can download for both iOS and Android devices. The app gives you access to all the features available on the website, such as trading, deposits, withdrawals and viewing your portfolio.
Users can access advanced trading tools, such as leverage for margin and futures trading, and stay informed with real-time market charts and news updates. The app also offers additional features such as staking, passive income opportunities and a referral programme. With built-in security options such as two-factor authentication and biometric login, MEXC ensures a secure and efficient trading experience on the go.
MEXC Customer Service
MEXC offers reliable customer support through its 24/7 live chat function, ensuring users receive assistance with any issue at any time. The application also provides a comprehensive support centre with FAQs and detailed guides to help users navigate the platform efficiently.
Conclusion
The MEXC cryptocurrency exchange is the best solution for 2024-2025. The platform offers a wide range of modern trading tools, gives its customers the opportunity to develop and learn, and does not profit from them through high fees. The MEXC team is interested in making their product the first on the market, which means they will do everything to improve security and user-friendliness levels and develop new technologies for their platform.
Phemex is among the top five futures trading platforms, offering traders of all levels a reliable and professional platform to buy and sell cryptocurrencies.
MEXC Global is a centralised cryptocurrency exchange (CEX) launched in 2018. Over the years, the platform has not only significantly expanded the range of services it offers, becoming a benchmark for the number of assets available for cryptocurrency trading, but has also won the trust of millions of users in over 100 countries.
In this review, we'll find out how the free cryptocurrency exchange MEXC works and what sets it apart from other exchanges.
Cryptocurrency exchange MEXC: Short History
MEXC Global, formerly called MXC, was registered in April 2018 in Singapore. The platform was launched by Metin Mehmet Durgon and John Cheng Ju. Three months later, the MX exchange token was released and became an important part of the ecosystem. One year after the launch, MXC accounted for about 5% of the global cryptocurrency trading market.
In 2020, the exchange changed its name to MEXC Global and launched an updated global trading platform. Executives explained that the innovations were due to growing popularity and a desire to offer users a more convenient and modern interface for buying and selling crypto assets. The upgrade covered the entire functionality of the exchange, from the spot market trading system to the wallet and the user's personal account. In 2021, MEXC received the 'Best Cryptocurrency Exchange in Asia' award at Crypto Expo Dubai.
Currently, MEXC Global serves 10 million users worldwide. The exchange is still based in Singapore, but the company has licences to operate in other countries, including the US, Canada, Switzerland and Australia. MEXC's official website supports more than 15 languages.
Advantages of MEXC
The cryptocurrency exchange platform MEXC offers advantages such as the lowest fees in the industry, excellent trading depth, high security and stability, flexible trading rules and industry-leading liquidity, making it an ideal choice for futures trading users.
Advantages
Strict security measures in place
Farming opportunities
High liquidity on all trading pairs
Wide range of cryptocurrencies
Disadvantages
Delayed customer service
You can trade on MEXC's free platform for exchanging cryptocurrencies as a Maker or Taker.
Makers:Makers place an order with a specified price and quantity and wait for it to be executed by other users. Maker orders increase market liquidity.
Taker:Takers actively match their orders to existing limit or market orders placed by other users. Taker orders consume market liquidity.
Excellent trading depth
Since its inception, MEXC's free cryptocurrency trading platform has made significant progress in selecting and offering high-quality projects, earning it wide recognition among users. With years of industry experience and a solid reputation, MEXC has amassed over 30 million users, making it the first choice for beginners and experienced traders alike. Its operations cover over 170 countries and regions around the world.
High security and stability
MEXC's trading system features a multi-level, multi-cluster architecture based on a high-performance trading engine developed by specialists with experience in banking technology. It is capable of processing up to 1.4 million transactions per second, ensuring maximum efficiency and performance.
Flexible trading rules
The trading rules for futures on MEXC are extremely flexible, with leverage adjustable from 1x to 200x. USDT-M perpetual futures support a maximum leverage of 200x, while Coin-M perpetual futures support levers of up to 125x. When trading futures on MEXC, you can choose between limit orders, market orders, trigger orders, trailing stops, position-only orders and more.
Industry-leading liquidity
MEXC is the best free cryptocurrency exchange that offers industry-leading liquidity: requests on a deep order book and large buy/sell orders, providing traders the convenience of fast executions. The depth of the spot market also demonstrates significant advantages.
What Does MEXC Offer Today?
The MEXC cryptocurrency exchange naturally has the basic functionality of a cryptocurrency trading service. It offers users access to spot trading, derivatives, futures trading, supports fiat currencies and has high liquidity.
The developers of MEXC are known for their quick adaptability to changes in the industry. They actively monitor the area for new tools and techniques, subsequently implementing them in the exchange. Thus, MEXC has gradually added a copy-trading function, which allows for the development of strategies based on professional templates, and an intelligent trading bot, which saves traders a lot of time. There is also the possibility to open a futures demo account to try this type of trading without big losses in case of failure.
Currently, MEXC works with more than 1765 markets. It has the largest number of cryptocurrencies available (more than 1491 coins).
How do you Verify on MEXC?
Verification is performed as follows:
Step 1. In your personal cabinet, in the "Verification" section, click on the "Start Verification" button.
Step 2. In the window that opens, specify your country of residence, name and choose a document to confirm your identity (passport, driving licence, ID card).
Step 3. Enter the number of the selected document.
Step 4. Upload a photo of the passport page or the part of the document where the photo and name are visible.
If the basic verification is sufficient for you, the process is complete. You will have to submit the data and wait for the exchange's response for approximately 2 days. If you wish to use all the tools presented to the fullest, it is advisable to complete the extended verification. This will require additional steps.
Step 5: Upload a selfie.
A special integrated programme will ask the customer to upload a volumetric selfie. To do this, you will have to put your face in the photo frame and turn your head in different directions. If the quality of the photo is satisfactory to the exchange, the request can be sent for evaluation.
Step 6: Click on the button to send the data and wait for verification and confirmation for 2 days.
Extensive verification, for example, allows you to buy cryptocurrencies with a bank card, which makes trading much easier.
Registration
When you visit the site for the first time, you will need to register. The procedure will only take a few minutes, just like on many other online resources. To do so, you will need to follow these steps:
In this way, each user will get a personal cabinet (PC), where they will be able to:
Users can lock their personal account with a single click. This can be done if there are doubts about the complete protection of personal data. An example would be the appearance in the history of transactions that have not been made by the customer. By blocking via the Personal Area, you can quickly close access to your funds, and at the same time, the support service will help you resolve problems and restore your account.
How to Deposit
To make a deposit on the exchange MEXC, follow these steps:
How to Make a Withdrawal
The data network is the network used to process cryptocurrency transactions and transfers. Different cryptocurrencies can use different blockchain networks, e.g. Bitcoin uses the Bitcoin network, Ethereum uses the Ethereum network and so on. Some tokens support multiple networks. In this case, care must be taken to choose the right network.
When you withdraw some tokens, you must complete the Memo field. If you do not complete the Memo, the withdrawal will not be credited.
MEXC commissions
trading commissions
Trading on the spot market MEXC is free of charge. On the futures market, trading commissions are 0% for the maker and 0.02% for the taker. For the ETF market, commissions are 0.2% maker and taker.
I/O commissions
There are no commissions for depositing funds on the MEXC crypto exchange. Cryptocurrency withdrawals may be subject to a fee. It depends on the currency. For each of them, a minimum withdrawal value is defined.
KYC on MEXC
To extend the withdrawal limit, verification of an account on the MEXC cryptocurrency exchange is required. Without it, the daily limit is 20 BTC. After identity verification with the help of documents, the withdrawal will be up to 80 BTC. With selfie verification - up to 200 BTC per day. The other functions of the exchange are fully available to users without account confirmation.
MEXC Mobile App
MEXC, the best cryptocurrency trading platform, has a mobile app that you can download for both iOS and Android devices. The app gives you access to all the features available on the website, such as trading, deposits, withdrawals and viewing your portfolio.
Users can access advanced trading tools, such as leverage for margin and futures trading, and stay informed with real-time market charts and news updates. The app also offers additional features such as staking, passive income opportunities and a referral programme. With built-in security options such as two-factor authentication and biometric login, MEXC ensures a secure and efficient trading experience on the go.
MEXC Customer Service
MEXC offers reliable customer support through its 24/7 live chat function, ensuring users receive assistance with any issue at any time. The application also provides a comprehensive support centre with FAQs and detailed guides to help users navigate the platform efficiently.
Conclusion
The MEXC cryptocurrency exchange is the best solution for 2024-2025. The platform offers a wide range of modern trading tools, gives its customers the opportunity to develop and learn, and does not profit from them through high fees. The MEXC team is interested in making their product the first on the market, which means they will do everything to improve security and user-friendliness levels and develop new technologies for their platform.
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