MEXC Review

Learn How to Use MEXC, What MEXC Fees Are, How to Trade on MEXC, and Much More in This Comprehensive MEXC Review. Review

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Last Updated: September 4, 2022

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Our Score
4.7/5
MEXC Global, which was founded in 2018, is renowned as the exchange of high-performance and mega-transaction matching technology. MEXC Global’s team is among the early adopters and pioneers of financial and blockchain technology. MEXC Global already serves over 6 million people in over 70 countries worldwide, and we are only getting started. This great accomplishment is a huge milestone, and MEXC Global aspires to be the go-to platform for both new traders and experienced investors as they progress in their financial journey. MEXC Global has a global presence, having obtained crucial licenses and passing jurisdictions in nations such as Australia, Estonia, and the United States. MEXC Global also provides investors from many nations with specialized language support, making it easier for them to trade. MEXC Global’s exchange is a high-performance trading engine designed by banking industry specialists, capable of performing 1.4 million transactions per second, resulting in unprecedented efficiency and performance. MEXC Global prioritizes user security because our servers are located independently across different locations, ensuring optimal data integrity and security.

Pros:

✅ Quick crypto buying and selling
✅ Over 200+ cryptocurrencies are available
✅ Apps available for Android and Windows users
✅ Several trading markets are available
✅ Trade with up to 125x leverage
✅ Super-fast and accurate charts
✅ Staking available for several cryptocurrencies
✅ Range of deposit and withdrawal methods
✅ Premium help centers with multi-lingual support

Cons:

❌ Very limited cryptocurrencies available for quick buy
❌ No iOS app is available

Table of Contents

What is MEXC?

MEXC is a professional cryptocurrency exchange, also known as MEXC Global. MEXC, founded in 2018, has focused on having a high-performance exchange with simple and efficient transactions across the platform. Not only that, but they say that the team behind MEXC Global Exchange is the ultimate pioneer of blockchain technology, having explored it since its inception.

MEXC Global is available practically everywhere because they have obtained formal permits to provide services in various nations. Australia, Canada, and the United States of America are also among those countries. The exchange provides several choices for users to trade, purchase, and sell digital assets immediately. With the availability of a fantastic customer care crew, it is clear that they value client pleasure.

Risk Factor

(a) Policy risk: MEXC users may suffer losses due to changes in national laws, regulations, or macro-policies that affect cryptocurrency transactions.

(b) Risk of noncompliance: MEXC users may incur losses if their bitcoin transaction breaches national laws or regulations.

(c) Investment yield risk: The cryptocurrency market is unique because it never closes, with cryptocurrency prices moving widely. Users may experience market losses.

(d) Trading risk: Your successful transfer is contingent on the parties’ mutual consent, and MEXC does not commit to or guarantee any successful transfer.

(e) Force majeure risk: If a natural disaster, war, strike, cyber-attack, or other unforeseeable, unavoidable, and uncontrollable event occurs, MEXC may not operate regularly, resulting in user losses. MEXC will not accept civil liability for the user’s loss caused by force majeure.

(f) Delisting risk: If a cryptocurrency project party goes bankrupt, liquidates, dissolves, or breaches national laws and regulations, or at the project party’s request, MEXC will delist the cryptocurrency, which may result in user losses.

(g) Technical risk: Although the probability of a technical error during a bitcoin transaction is remote, we cannot rule it out. If such an incident occurs, the user’s interests may be jeopardized.

(h) Operation risk: Users may suffer from operational problems, such as transferring to an incorrect account or breaking operation regulations, among other things.

(j) Account freezing risk: In case of a debt default or alleged wrongdoing, the user’s account may be frozen or forcefully confiscated by judicial institutions.

Must Know Before Trade

(1) On the MEXC platform, services like a coin-to-coin exchange, OTC, Derivatives, PoS Pool, and apply-to-list are only available to valid MEXC users (hereafter “Users”) who have completed KYC verification.

(2) Register your MEXC account using your mobile phone number or Google authenticator.

(3) Protect your account and password by not entrusting your account to others or sharing your account and password with anybody. Otherwise, any losses will be paid solely by the users.

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REFERRAL CODE

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As was already said in this piece, one of the primary drivers in the current degree of popularity of the MEXC platform is its well-known affiliate programs and referral codes.

A distinct affiliate referral number is provided to you when you create an account. Save 10% and get a deposit bonus using this link. Once you have this code, you can create a referral link and share it with friends and other people.

Your friends who sign up for new accounts using this MEXC referral link will also be rewarded. Save 10% and get a deposit bonus using this link.

If they use your crypto coupons link or MEXC suggest code, they will also be qualified for a referral bonus.

After clicking on our link, you don’t need to take any further action. Because your browser will automatically fill in the ‘Referral Code’ section, complete the remaining registration requirements. Save 10% and get a deposit bonus using this link

Before moving on, be sure you have read and comprehended all T&Cs. It’s wise to start investing before you

Features of MEXC Exchange

Margin trading and spot trading

All 371 coins listed on the market are available for spot or margin trading. New coins and projects are added regularly, and you can find popular DeFi, NFT, and Polkadot coins on this exchange that are not listed elsewhere. MEXC was one of the first exchanges to list several popular tokens ahead of everyone else.

ETF Trading

MEXC Index Product now includes major cryptocurrency index, halving cryptocurrency index, public chain index, and Defi asset index, among others.

A user, for example, can invest in the Grayscale Portfolio Index.

The primary advantage of an ETF is: The diffusion of risk (as risk is spread over a group of assets) & Energy Conservation (by investing in an ETF, a user indirectly invests in all the underlying assets of the ETF, which saves him from the hassle of researching himself)

Contract Trading

The perpetual contract is a derivative that differs from traditional futures. Unlike futures contracts, there is no expiry or settlement time and no time limit for holding a position.

This is based on a funding mechanism in which payments are exchanged every 8 hours between the buyer and seller. Longs will pay and shorts will receive the rate if the rate is positive, and vice versa if the rate is negative.

The perpetual contracts’ funding mechanism keeps the contract price close to the underlying asset’s price.

POS (Proof of Stake) Staking

Users who hold relevant tokens can join MEXC PoS Pool and earn yield.

There are two types of PoS available for users – “Staking” and “Savings”.

Is the MEXC exchange a scam?

We had no problems with the withdrawals. However, there are a few articles on Reddit and the Bitcoin discussion forum where individuals have complained about misconduct.

Some claim that there was a large volume of a specific asset but no price movement on the market.

MX Token: Platform token

MX token holders have various rights and interests, including MX appreciation, asset appreciation, platform revenue rebates, supervision, voting, etc. MEXC rewards users that contribute to system liquidity with 51% of MX via “trading mining and token-based rebates.” Similarly, it compensates MEXC community users through the mining incentive system, allowing them to enjoy MEXC community rights by holding MX.

Its entire circulation is 3 billion and will never be increased. MX can be gained through two methods: mining and purchasing.

Verdict: Should you use MEXC?
MEXC is a ground-breaking digital asset exchange project with the potential to become a market leader in the cryptocurrency business. The user-friendly interface and rapid response to user comments make it a user favorite. They are continually introducing new features, and there have been no reports of hacking related to the MEXC exchange. This exchange has a medium trust score and appears to be a reliable exchange to trade on. The exchange experience isn’t ideal, but they make up for it by offering some of the best crypto projects that aren’t available anywhere else. Indeed, by keeping an eye on the new coin listings at MEXC, you may come across the next gem.

Why we Recommend:

✅ Quick crypto buying and selling
✅ Over 200+ cryptocurrencies are available
✅ Apps available for Android and Windows users
✅ Several trading markets are available
✅ Trade with up to 125x leverage
✅ Super-fast and accurate charts
✅ Staking available for several cryptocurrencies
✅ Range of deposit and withdrawal methods
✅ Premium help centers with multi-lingual support

Drawbacks:

❌ Very limited cryptocurrencies available for quick buy
❌ No iOS app is available

0
Our Score
4.7/5

(455 User Reviews)

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