Today we will talk about the Mexc exchange . Some crypto experts consider it one of the best central platforms for launching innovative projects. We need to know if this is really the case. We will also tell you about the rules for creating an account and verifying identity, as well as about the main trading tools and ways to earn extra money on Mexc Global .
Also an exchange that has been in the top 100 coinmarketcap for a long time and deserves careful consideration. So let's start our Mexc review .
What is the MEXC stock exchange?
The Mexc crypto exchange was launched in April 2018, and claims to be one of the world's leading platforms for trading digital assets. The company's management team includes many experienced managers who have worked in world-class companies. Some of them are veterans of the blockchain industry and recognized professionals in the finance industry.
The Mexc Global exchange also provides clients with various services in the digital asset market. First of all, these are spot and margin trading, as well as ETFs with attracting credit and futures trading funds, as well as a share of different currencies. The platform also includes an experienced team and partners with leading cybersecurity companies to ensure the safety of users' assets. And MXC has a graduated cold storage portfolio.
MXC is authorized to operate in the United States, Canada, Australia and Switzerland. In addition to the US MSB license, MXC has also directly obtained an MTR license from the Estonian financial regulator, which allows it to provide crypto and fiat currency exchange services, as well as digital asset wallet services.
Verified holders of the Mexc Asset Token within the exchange can participate in the management of the platform by voting to make decisions, and adding new members to the team. In addition, 60% of the trading fee is regularly distributed between them. Our review of Mexc and KYC registration will continue.
Register on the platform's official website
You can create an MXC account using an email address or phone number. On the Mexc platform, verification is optional and you will receive a sufficient withdrawal limit. But it is still recommended to pass verification, this will increase the level of security of funds and give additional privileges.
And you will be able to buy cryptocurrency for replenishment from a bank card and access all services without restrictions. However, let everyone decide for themselves. And now we go directly to the MXC registration order.
stock exchange entrance
To create an account on Mexico Global, you need:
- Go to the official website and click the "Register" button in the upper right corner. You can also enter an email or mobile phone number under the inscription on the left "Open MEXC Crypto-Universe" and click the "Start" button with the mouse pointer.
- Fill out the registration form, as well as the mailbox (or phone number), indicate and confirm the password. The word must be between 10 and 28 characters long, and consist of uppercase and lowercase letters and numbers.
- Check the address (phone number). And to do this, click on the inscription "Get the code" and solve the puzzle, their correct order is indicated in the upper field. And you just need to click on the cursor on each of them in turn, and repeat the indicated scheme. After that, the code will be sent. Go to the mailbox (SMS folder), copy the digital code sent and paste it in the appropriate field of the registration form.
After that, it remains to accept the terms of service by checking the box, and clicking on the "Register" button. If everything is in order, you will see the inscription “ The registration was successful! ” And you can immediately enter the exchange. And we recommend that you immediately take additional measures to protect your account, first of all, activate 2FA.
The withdrawal limit for anonymous traders is 20 BTC per day. And if you want to increase it and feel more comfortable in the exchange, go to Mexc KYC .
How to check it on MEXC
The identity verification procedure on the MXC platform is divided into two levels: basic and advanced. In this first stage, you fill out a questionnaire and provide a copy of the required pages of your passport. After successful completion of the basic verification, the withdrawal limit is raised to 80 BTC within 24 hours.
And for advanced verification, you need to pass dynamic facial verification and confirm the address of residence. If successful, the limit will be raised to 200 BTC. We remind you that passing the basic and advanced verification is not a prerequisite for trading on the stock exchange.
How to trade on MEXC
The exchange supports hundreds of cryptocurrencies and tokens. You can buy and sell popular assets on the Mexc BTC or ETH market, but many other pairs are formed with stablecoins. Let's move on to an overview of the spot platform, Mexc P2P and other sections of the exchange.
spot market
At first glance, MXC's trading interface looks very ordinary. There is a candlestick chart in the middle, and orders below it. The trading list is also located on the left, and the trading pairs list is on the right. In addition to the traditional sorting by major currencies, which on this exchange, however, as in most other currencies, are Bitcoin , ether and three stablecoins, you can select pairs with innovative project tokens, ETFs or divide the assets into zones (SOL and Metaverse). and WEB 3.0, etc.).
There are only three types of orders available to traders on the spot MXC platform: market, limit, and stop limit. Network trading and 10x leverage are supported. You can also customize the chart to your liking, add the necessary indicators and change the time frames. In principle, the only drawback is the limited number of orders, but the set of technical analysis tools is quite solid and will satisfy even the most advanced traders. It is the spot platform, and it is easy to switch to futures contracts.
futures trading
On the futures platform, in addition to the traditional USDT-M and COIN-M markets, there are many other subsections. You can operate in isolated margin and cross margin modes with leverage of up to 125x. Most of the interface is occupied by the candlestick chart, the trading menu and the order filling form on the right. To trade in this section, you will need to transfer funds to a futures account.
There is also a Transfer button at the bottom of the application form. And you can control the total balance and asset allocation by orders and unrealized PnL, right in the trading interface of the futures section.
Derivatives
In the Derivatives tab, in addition to the futures market, there are also ETF symbols with leverage. Here you can trade short or long using compound interest without the risk of liquidating your position.
Limit and stop orders are also available, and you can trade tokens with leverage. For more information on trading the MXC ETF, please visit the support section .
P2P تداول trading
Going to the Mexc P2P section is available in the "Purchase Crypto" drop-down list. Nine digital assets and dozens of fiat currencies are supported.
Spot trading, individual and group orders are available. Mexc P2P can only be traded after successful completion of identity verification.
Mobile and PC application
Trading in the browser interface is not safe. And the attacker can perform a phishing attack, get your data and steal the money sent to the exchange. You can download the Mexc app for your desktop computer or smartphone.
To download on the phone simply hover over the arrow in the upper-right corner next to the notification bell and scan the QR code to download the MXC trading utility to your mobile phone, or click More to access the links.
How to deposit and withdraw money on MEXC
To engage in trading, you need to transfer funds to the exchange. And now we will tell you to deposit Mexc, how to renew and how to withdraw your honestly earned assets from Mexc.
It should also be said right away that, unlike, say, Binance , regular funds are not added to the MXC deposit. You must either transfer one of the supported cryptocurrencies from your personal wallet or exchange fiat currencies for digital currencies in the Buy Crypto section using a credit card or bank transfer.
And you can conduct such an exchange on the Mexc P2P platform or through third-party services: Banxa, Mercuryo or Simplex. But keep in mind that this option is only available for verified customers.
- enter the wallet;
- Click the "Deposit" button at the top right;
- select the desired cryptocurrency indicator in the search bar;
- Click on the link to create an address.
- Copy the address or scan the QR code and send the transaction from your personal wallet.
And if you are replenishing your Mexc balance with stable coins, then before creating an address, you need to select the network through which you will send coins. The USDT digital asset can be based on Ethereum, Tron, and other blockchains. And if you store a USDT ERC-20 in your wallet, this money cannot be sent to a USDT TRC-20 address or any other network. All you need is an Ethereum address. The "Deposit" button is repeated in the list of supported cryptocurrencies for each coin.
And before withdrawing from Mexc, you need to transfer from a margin or futures account to an instant wallet. Then click "Withdraw" and select the coin cursor, or select a coin in the list and click "Withdraw" at the end of the line. You will need to read and accept the risk warning, and then specify the address and withdrawal amount. If the cryptocurrency can be withdrawn in multiple ways, such as via the underlying blockchain or via the Binance Smart Chain , you must choose the appropriate option.
And the withdrawal amount cannot be less than the specified limit, each currency has a minimum withdrawal amount from MXC. And you will be able to see it when you place an order, and the system will also calculate the amount of commission for withdrawal from Mexc. And when the form is completed, click Apply and confirm your right to dispose of the funds using 2FA and the code sent by email. Now it remains to wait for the withdrawal request to be processed.
Tools to make additional profits in the stock market
If you don't have time to trade, you can try less complicated ways to make money on MXC. And they are all collected in the "Earnings" section. Now we will tell you about the most popular of them.
MEXC launch platform
And in this section, you can buy small project tokens even before they enter the exchange. And you can make good money on this, but the business is very risky. Of course, no exchange will encourage outright scam, but even a very promising project may not be able to stand the competition.
Betting on MEXC
The MXC platform supports flexible and fixed betting. In the first case, and you can return the money at any time, and in the second, you can block the assets for a certain period. The estimated annual return varies by currency. Of course, the dividends here are small, but there is nothing to be done. Where if you transfer the money and after a while you receive it back with interest.
Kickstarter
MEXC management begins a Kickstarter listing campaign before launching the next project. Exchange clients stake tokens in order to participate in voting for a pre-determined objective that a particular project must achieve. When the task is completed and the list is released, the project organizers will conduct a free airdrop exclusively among the voting participants.
MX Define
This section supports mining and taking tokens for some Defi projects. And of course, we're not talking about any mining of video cards or ASICs. You can simply deposit tokens into the pool and receive payments. And in betting, almost the same thing happens, but the network pays you money, not the pool. The highest estimated return in the MX token pool.
Service fee for transaction processing
On the Mexc exchange, the maker and beneficiary fee is 0.2% of the transaction. And when you pay with MX tokens, you can save 20% on fees. Withdrawal fees depend on the chosen cryptocurrency. And if you transfer funds to an MXC save wallet, you will not pay any fees and withdrawals will be faster. More information on this issue is available at .
Advantages and disadvantages of the exchange
Now we will tell you about the pros and cons
to support
MXC support works 24/7 and judging by user feedback, help is provided very quickly. You can submit a request by following the link .
Sharing reviews
Reviews of the Mexc Global trading platform are very diverse. Many users have had a positive trading experience here, but there are also negative reviews about Mexc. It is difficult to determine its objectivity, but still be careful.
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