MEXC is one of the popular cryptocurrency exchanges in the market, supporting a variety of coins and tokens, along with providing many outstanding features, helping users have diversity in investment. So what is the MEXC exchange? Let's explore it in the article below.
What is MEXC? Guide to using the MEXC cryptocurrency exchange
What is MEXC?
MEXC (formerly MXC) is a global cryptocurrency exchange, established in 2018 in Singapore. The exchange provides a trading platform for many types of digital assets such as Bitcoin, Ethereum and thousands of other Altcoins, as well as services like Spot, Futures and other financial products.
What is the MEXC exchange?
With the ambition to become a leading global cryptocurrency exchange, MEXC is constantly expanding its scope of operations, present in more than 170 countries and supporting multiple languages. In addition, the exchange offers over 2,900 Spot trading pairs and 700 Futures trading pairs, providing diversity for users.
Daily trading volume of the MEXC exchange (Source: CoinGecko)
MEXC is currently ranked among the top 10 leading exchanges with impressive trading volume, reaching around $4 billion per day in the Spot market and up to $24 billion in the Futures market.
Advantages of the MEXC exchange
Diverse products and services
MEXC offers a wide range of Spot and Futures trading pairs, providing users with diverse investment opportunities. In addition, the exchange also has many useful products and tools such as leveraged ETF Funds, NFT Index, Memecoin Trading Zone, Launchpool, etc., making MEXC not just a simple trading platform, but a comprehensive platform that helps users earn profits in various ways.
Competitive trading fees
MEXC is one of the cryptocurrency exchanges with the lowest trading fees at the moment, with a 0% Maker fee and only a 0.05% Taker fee for Spot trading, allowing users to save more and earn higher profits. Additionally, MEXC offers similarly low fees for Futures trading, at 0% for Makers and only 0.02% for Takers.
Superior security and performance
MEXC applies advanced security measures such as two-factor authentication (2FA) and cold storage, ensuring the safety of user assets. The exchange's system has the ability to process 1,400,000 orders per second, ensuring fast and efficient transactions.
Continuous and professional customer support
MEXC's customer support team operates 24/7, ready to answer any questions and provide timely assistance to users. The exchange also offers a high-level help center with multilingual support, ensuring users do not face language barriers.
Prominent products of MEXC
Spot Trading
MEXC supports trading of more than 2,000 cryptocurrencies with around 3,000 different trading pairs, with a daily trading volume of over $5.6 billion.
Futures Trading
MEXC supports 593 Futures trading pairs with leverage up to 300x, helping investors quickly capitalize on market opportunities.
Launchpool
This is a token launch platform for projects about to be listed on MEXC. This product allows users holding MX (MEXC's platform token) to have the right to pre-purchase tokens from new projects listed on the exchange.
MX Zone
This is a product dedicated to MX token holders, providing benefits such as high APY interest rates, reduced trading fees, and free airdrops.
Kickstarter
This feature allows users to vote for tokens during the pre-launch stage to receive airdrops.
NFT Index
NFT Index is an exclusive product of MEXC, allowing users to own a portion of blue-chip NFT collections without having to purchase the entire NFT. By holding the NFT Index, users can receive benefits related to the underlying NFTs, such as airdrops or other perks.
Leveraged ETF
MEXC allows users to trade leveraged ETF Funds, enabling them to access diverse investment strategies without directly managing the underlying assets.
How to use the MEXC exchange
Create an account
Access the MEXC website, select Register. Create an account using your phone number or email.
Enter the verification code sent to your phone or email to complete the registration.
Verify your account
After successfully registering an account, click on the user icon and select Verification.
Perform Basic KYC using personal identification documents such as a driver's license, ID card, or passport.
Similarly, complete Advanced KYC by providing the above documents and facial recognition.
Set up 2FA
Click on the user icon, select Security Center, and then choose Link Google Authenticator. Follow the instructions to set up 2FA using Google Authenticator.
Spot Trading
Access the Spot section on the toolbar to access the spot trading interface, then select the coin you want to trade and make a buy or sell order on the interface on the right side. You can choose different order types such as Market, Limit, Stop limit, OCO, depending on your needs.
Summary
This is an article about the MEXC cryptocurrency exchange and a guide to creating an exchange account. Through this article, Coin68 hopes that you will have a basic understanding of the MEXC trading platform.
Note: The article is for informational purposes only and is not investment advice. Coin68 is not responsible for any of your investment decisions.
