MEXC Global Review 2024: Fees, Features, and Security

MEXC Global supports 1800+ Altcoins in more than 200 countries, with 98% of user funds stored in cold wallets, offering margin and futures trading.

Hey there, fellow crypto enthusiasts! Today, I want to share with you my personal review of MEXC Global, a well-known cryptocurrency exchange platform that has been gaining popularity in recent times.

In this blog post, I will be taking you through my thoughts on MEXC Global, covering everything from its user interface and security features to its range of trading options and customer support.

So, buckle up, and let’s dive in…

MEXC Global

Amit Chahar

MEXC Global
The interface is intuitive, the fees are reasonable, Trading Features are advanced, and the customer support is exceptional.
Fees and Cost
Trading Features
Security and Safety
Ease of Use

Summary

MEXC Global provides various trading tools and features, such as margin trading, spot trading, and more.
The platform is easy to use and has a user-friendly interface.
It has a strong focus on security, with measures such as two-factor authentication and SSL encryption in place.

4.2

MEXC Global: Summary

SpecificationDescription
Exchange NameMEXC Global
Year Founded2018
HeadquartersSingapore
Supported CountriesOver 200 countries
Supported CryptocurrenciesOver 1800 cryptocurrencies
Trading FeesMaker fee: 0%, Taker fee: 0.20%
Payment MethodsBank transfer, credit/debit card, cryptocurrency, P2P
Security98% cold storage, 2-factor authentication, SSL encryption, DDoS protection, SOC 2 Type 2 certification
Trading ToolsAdvanced order types, margin trading, API access, stop loss/take profit, futures trading, ETFs, Copy Trading
Mobile AppAvailable for iOS and Android
Customer Support24/7 live chat support, email support, FAQ section
Rewards ProgramVIP program with discounts on trading fees, exclusive access to new tokens, and other perks
Referral ProgramEarn up to 50% of your referrals’ trading fees
RegulationRegistered with the Financial Services Agency (FSA) of Japan
User InterfaceUser-friendly and customizable interface
Trading VolumesOver $1 billion in daily trading volume

MEXC Global Overview

MEXC Global is a cryptocurrency exchange platform that offers a range of trading options for digital assets. It was founded in 2018 and has since grown to become one of the leading Altcoin exchange platforms in the industry.

The platform offers a user-friendly interface, making it easy for both beginner and experienced traders to navigate. It also boasts a range of security features, including two-factor authentication and cold wallet storage, to ensure the safety of its users’ funds.

MEXC Global offers a range of trading options, including spot, margin, and futures trading, with over 1800 Altcoins available for trading. The platform also offers a range of trading tools, such as trading bots and stop-loss orders, to help users manage their trades effectively.

Customer support is available 24/7 through the platform’s live chat feature, and the team is responsive and helpful in addressing any queries or concerns.

Pros and Cons

ProsCons
Wide range of cryptocurrencies AltcoinsLow Trading Volume compare to other competitors
Margin, derivatives trading availableLimited Payment methods
Low trading feesNot available in the US
Advanced security measures
User-friendly interface
support 20+ fiat currencies

Key Features of MEXC Global

  1. The exchange platform provides a user-friendly trading app that’s compatible with Android and iOS smartphones.
  2. It offers a wide selection of 1,800+ cryptocurrencies for spot trading.
  3. The platform supports various payment methods, including credit/debit cards, wire transfers, P2P, and third-party payments.
  4. It enables fiat deposits in USD, EUR, and GBP.
  5. Users can take advantage of low trading fees by using the MX token.
  6. The platform offers various types of trading, including spot, margin, futures, and perpetual trading.

MEXC Trading Platform Review

Key trading features of MEXC are spot trading, leverage ETFs, margin trading, USD-M and Coin-M futures, copy trading, demo trading, and staking and earn.

MEXC Trading

Spot Trading

MEXC provides users with a user-friendly interface for spot trading. It offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, and Litecoin, among others. Users can also trade using multiple fiat currencies such as USD, EUR, and CNY. With spot trading, users can buy and sell cryptocurrencies at the current market price without any leverage.

Leverage ETFs

MEXC’s Leverage ETFs allow traders to take advantage of market volatility by using leverage to magnify their trading profits. Users can choose from a range of ETFs that offer different leverage ratios, including 3x, 5x, and 10x.

The ETFs track the performance of the underlying cryptocurrency and provide traders with exposure to the cryptocurrency market with minimal investment.

Margin Trading

MEXC offers margin trading for users who want to trade cryptocurrencies with leverage. Margin trading enables traders to enter larger positions in the market with a smaller investment.

It offers up to 10x leverage for margin trading, and users can choose from a range of cryptocurrencies to trade. However, margin trading is a high-risk trading strategy and should only be used by experienced traders.

USD-M and Coin-M Futures

MEXC offers USD-M and Coin-M futures trading. The futures contracts are settled in Tether (USDT) and provide traders with exposure to the price movements of the underlying cryptocurrency. The futures contracts have different expiry dates and can be traded with up to 100x leverage.

Copy Trading

MEXC offers copy trading, a feature that allows users to copy the trades of professional traders. Users can browse and select from a list of professional traders who have a proven track record of successful trading. Users can then allocate funds to the professional trader and automatically copy their trades in real time.

Demo Trading

MEXC offers a demo trading feature that allows users to practice trading without risking real money. The demo trading feature simulates real market conditions and allows users to test their trading strategies and learn how to use the trading platform.

Staking and Earn

MEXC Staking and earn

MEXC provides an investment platform called ‘Earn’ that allows users to earn a profit on their unused digital assets. The Earn service offers a variety of earning options, including interest accounts, mining pools, and cryptocurrency staking, with potential returns ranging from 0.95% to 22% APY.

For those seeking higher yields, MEXC offers locked staking with an annual percentage yield (APY) cap of 22%, exceeding the rates of many other staking platforms. By locking up their assets for a specific period, customers can generate passive income with minimal effort.

Additionally, MEXC offers the MX-DeFi earning service, which enables investors to earn mining rewards from their coins and provides up to 16% APY on decentralized finance (DeFi) staking for a one-day period.

MEXC’s other earning modules, such as Trading Mining and Assessment Zone Voting, offer flexibility in earning rewards.

Learn: Best Crypto Staking Platforms

MEXC Fees Review

MEXC charges for spot trading, margin trading, futures trading, and other services.

Spot Trading Fees

MEXC charges a trading fee of 0% for makers and 0.1% for takers in spot trading. However, MEXC offers a fee reduction program called “Trade-to-Mine.” This program allows users to mine “MX” tokens by trading on the platform. The more a user trades, the more MX tokens they can mine. The MX tokens can then be used to reduce trading fees, with a maximum reduction of 50%.

Margin Trading Fees

MEXC charges a borrowing fee for margin trading, which varies depending on the cryptocurrency being traded. The borrowing fee is charged on a daily basis and is calculated as a percentage of the borrowed amount. The borrowing fee ranges from 0.02% to 0.1% per day, depending on the cryptocurrency being traded.

Futures Fees

MEXC charges a trading fee of 0.05% for both makers and takers in futures trading. However, the trading fee can be reduced by holding MX tokens, with a maximum reduction of 50%. MEXC also charges a funding fee for futures contracts, which is paid by the long position to the short position. The funding fee is calculated based on the difference between the futures price and the spot price and is charged every eight hours.

Deposit and Withdrawal Fees

MEXC charges a withdrawal fee for cryptocurrencies, which varies depending on the cryptocurrency being withdrawn. The withdrawal fee is fixed and is deducted from the total amount being withdrawn. MEXC does not charge any deposit fee for cryptocurrencies.

Read More about MEXC Global Fees

MEXC Global Security Review

The exchange uses several measures to ensure account security, including two-factor authentication (2FA), email and SMS verification, and security questions. It also stores the majority of user funds in cold storage wallets and uses multiple signature technologies to protect its hot wallets.

The exchange has a dedicated risk management team, conducts regular security audits, and has a disaster recovery plan in place in case of a security breach. MEXC Global is committed to complying with all applicable laws and regulations related to cryptocurrency trading, conducts KYC and AML checks on all users, and works closely with regulatory authorities.

MEXC Global Supported Cryptocurrencies

The Exchange supports 1800+ Tokens and coins including high Market cap blockchains and Low Market cap Altcoins. Some popular cryptocurrencies are:

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Binance Coin (BNB)
  4. Dogecoin (DOGE)
  5. Cardano (ADA)
  6. Polkadot (DOT)
  7. Chainlink (LINK)
  8. Uniswap (UNI)
  9. Solana (SOL)
  10. Litecoin (LTC)

These cryptocurrencies can be traded against other supported cryptocurrencies or against fiat currencies such as USDT, USD, and EUR. MEXC Global also regularly adds new digital assets to its platform to meet the demand of its users and stay competitive in the market.

MEXC Customer Support Review

MEXC Global offers customer support through several channels, including a 24/7 live chat service, a support ticket system, and an extensive FAQ section. The exchange’s customer support team is knowledgeable and responsive, providing timely and helpful assistance to users with inquiries or issues. It also offers customer support in several languages, including English, Chinese, and Korean.

MEXC Payment Methods

MEXC offers its users a variety of deposit options, including over 20 fiat currencies like USD, EUR, GBP, and TRY. Deposits can be made through credit/debit cards, bank wire transfers via SWIFT, ACH, P2P, and third-party payment platforms like MoonPay, Simplex, and Banxa. This flexibility allows investors to deposit and withdraw their assets with ease.

While there is no deposit limit for cryptocurrency, fiat deposits are capped at 100,000 USDT. Withdrawals are limited to 200 BTC per day, and withdrawal fees are determined based on the type of asset. Deposits are free of charge.

Alternatives! Comparison between MEXC and other

ExchangeCoinsTrading FeesRatingPromotionReview
Binance500+0.05% to 0.2%4.5/5 ★★★★★Up to $100 welcome bonusBinance Review
Bybit350+0.05%-0.08 for maker and taker4.8/5 ★★★★★Upto $5,000 Deposit bonusBybit Review
KuCoin750+0.1% for both maker and taker4.7/5 ★★★★☆$500 Mystery boxKuCoin Review
MEXC Global Exchange1800+ 0% maker and 0.2% taker4.2/5 ★★★★☆Upto $1000 deposit Bonus

MEXC Mobile App

mobile app

The MEXC Mobile App is a user-friendly and efficient platform that allows users to easily buy and sell various cryptocurrencies. The app offers advanced trading features, real-time market data, and price alerts to help users make informed investment decisions.

Additionally, the app provides secure storage for digital assets and offers quick and easy deposits and withdrawals. Overall, the mobile App is a great choice for both novice and experienced cryptocurrency traders.

How to Get Started [Open Account] With MEXC Global Exchange?

  1. Visit the MEXC Global Exchange website and click on the “Register” button.
  2. Fill in your email address, and password, and agree to the terms of use.
  3. Verify your email address by clicking on the link sent to your inbox.
  4. Log in to your account and complete the KYC (Know Your Customer) verification process by submitting your personal information and identification documents.
  5. Once your account is verified, you can deposit funds into your account using various payment methods such as bank wire transfers, credit/debit cards, and cryptocurrency deposits.
  6. Navigate to the trading platform and choose the cryptocurrency you wish to trade.
  7. Place your order by selecting the amount and price you want to buy or sell.
  8. Monitor your trades and manage your portfolio using the various tools and features available on the platform.
  9. Withdraw your funds whenever you want using the withdrawal options available on the platform.

Is MEXC Global Solvent?

MEXC Global is 100% Solvent with a total value of $974,233,602.89 in USDT. Out of the total value, 36.65% is in USDT, 14.17% is in MX, 5.69% is in BTC, 3.59% is in UNM, and 3.21% is in ETH. The remaining 36.69% of the total value is in other assets.

Final Thoughts: Is it Worth

To summarize, MEXC Global is a trustworthy and easy-to-use digital currency exchange that provides a diverse range of trading tools and services. Its reasonable fees, a broad selection of supported cryptocurrencies, and user-friendly interface have made it a popular option for traders of all levels of experience.

MEXC places a strong emphasis on security, as evidenced by its utilization of cold storage wallets, multi-signature technology, and a risk management team. Moreover, the exchange complies with all relevant legislation and regulations, carrying out KYC and AML checks to deter illicit behavior.

Furthermore, It provides excellent customer service through several communication channels, including live chat, support tickets, and a comprehensive FAQ section. The exchange’s competent and responsive support personnel make it simple for users to receive the help they need.

FAQs

Is MEXC a safe exchange?

MEXC is a reputable cryptocurrency exchange that prioritizes the security of user funds and information. It uses advanced security measures such as multi-factor authentication, cold storage, and regular security audits to protect its users’ assets. MEXC is also licensed and regulated in multiple jurisdictions, including Japan, Australia, and Canada, which adds to its credibility.

Does MEXC require KYC to withdraw?

Yes, MEXC requires users to complete the KYC (Know Your Customer) verification process before they can withdraw their funds. This is in compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. The KYC process usually involves providing personal information, a government-issued ID, and proof of address.

Which countries are restricted by MEXC?

MEXC has certain restrictions on users from some countries due to regulatory reasons. As of 2023, users from the following countries are restricted from using MEXC: Afghanistan, Cuba, Iran, North Korea, Syria, the United States (including all US territories like Puerto Rico, American Samoa, Guam, and others), and some other countries listed on their website.

Amit Chahar

Amit Chahar

Hey! I am Amit Chahar, a Crypto and blockchain content creator at Wallet Reviewer. With 3+ years of experience as a SEO content writer, I love talking about blockchain technology, digital assets, DeFi, Smart Contracts, DApps, Digital Wallets, Metaverse, and NFTs.

Want to hire me? Contact: hello@walletreviewer.com

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