The MEXC exchange, founded in 2018, is known for its high-performance megatransaction matching technology. The MEXC team, consisting of pioneers of financial and blockchain technologies, strives to become the platform of choice for both novice traders and experienced investors.

The MEXC service serves more than 10 million users in 170+ countries and regions of the world, and their ambitions are only growing. The exchange has a presence on major continents and is regulated by leading jurisdictions, providing localized language support.

One of the key advantages of MEXC is a high-performance trading engine capable of processing 1.4 million transactions per second. This ensures high efficiency and productivity of trading operations.

The security of users on MEXC comes first, and the exchange takes measures to ensure the integrity and security of data by hosting its servers in various countries.

In a short period of existence, MEXC has demonstrated impressive growth and has taken a significant share in the global digital asset trading market. The award "The Best Crypto Exchange in Asia" at Crypto Expo Dubai 2021 confirms their success and recognizes the contribution of the MEXC team to the development of the cryptocurrency industry.

Types of trade

The MEXC exchange supports payments in 30+ government currencies, but trading pairs with fiat are not available on the market. Only fiat currencies are used to purchase cryptocurrencies on the platform. In addition, MEXC supports stablecoins such as USDT, USDC, USDD, TUSD, BUSD, DAI, which are pegged to the US dollar, as well as EURT, pegged to the euro. Stablecoins help protect cryptocurrency assets from high market volatility.

The MEXC trading platform provides users with the opportunity to trade cryptocurrency pairs on the spot market, as well as futures contracts. In addition, crypto ETFs are available, trading with leverage up to 5x and settlements in USDT. Users can also use demo trading to familiarize themselves with futures and other instruments without financial risks.

Spot trading on MEXC allows you to buy or sell cryptocurrency assets with an actual settlement immediately after the execution of the order. To place an order on MEXC, you must select the appropriate cryptocurrency pair in the trading terminal, set up an order and confirm its placement.

Futures contracts on MEXC are available with leverage up to 200x. Users can open the futures section, select a contract and leverage, specify the amount and place a buy or sell order. MEXC also offers a demo account to familiarize yourself with futures trading without financial risks.

Other features of the exchange

Additional features are available on the MEXC platform that enrich the trading experience:

Copy trading: This platform operates on the principle of a social network where users can subscribe to an experienced trader and automatically copy his trades. This provides an opportunity for beginners to benefit from the experience of successful traders by repeating their actions with a single button.

The launchpad: This is a platform where new coins are distributed to MX token holders before they are added to the exchange. This provides users with a unique opportunity to gain access to new coins even before their official listing on the exchange.

Kickstarter: This is an airdrop mechanism for various tokens for users who store MX tokens on their account on the exchange. Users receive various tokens as a reward for holding MX tokens on the platform.

Types of orders

On the MEXC exchange, three basic types of orders are supported in spot trading: market (or market), limit and stop-limit. A market order allows you to instantly buy or sell tokens at the current market price without having to specify a specific price. A limit order gives the trader control over the transaction price, allowing him to specify the desired price for buying or selling tokens, but the execution of the order is not guaranteed until the market price reaches the specified level. 

A stop limit order on MEXC is a combination of a stop order and a limit order. This type of order is placed on the market only if the market price reaches or exceeds the stop price level, after which the order automatically turns into a limit order with the specified execution price. Such an order allows traders to control their trades and protect their positions from adverse price movements.

The MEXC exchange provides detailed guidance on each type of order in the "Training" section, and a demo version of the platform is also available with a brief description of each order and tooltips, which facilitates the process of mastering the functionality for new traders.

Commissions and fees

The MEXC platform sets a single commission for all traders in the amount of 0.2% for each trade, and it is fixed. This commission amount applies to any trading operations regardless of the trading volume or other indicators of the trader. In addition, withdrawal fees are applied on the exchange, while deposits and withdrawals are carried out exclusively in cryptocurrencies, using various commissions and limits for each type of digital asset.

Mobile application

Although the MEXC exchange offers smartphone applications on Android and iOS operating systems, the user experience does not always meet expectations. Despite the wide functionality, user reviews indicate unsatisfactory optimization and problems with authorization.

The average rating of the Android version is 3.4 out of 5 points, which indicates some shortcomings of the application. Users complain about slowdowns and failures when working with the trading platform on a smartphone, as well as frequent problems with authorization and cases when the application throws them out of their account.

Although the functionality of the application does not differ from the official website of the exchange, its confusing and inconvenient interface may leave much to be desired. However, the app is still available for download on the App Store and Play Market, giving users the opportunity to trade cryptocurrency and manage their accounts directly from their mobile device.

Safety

The security of user assets is a top priority for the MEXC exchange, and standard methods typical of centralized crypto exchanges are used to ensure it. Each of the security measures presented on the exchange has its own important role in ensuring the protection of users and their assets:

Cold storage allows you to store cryptocurrency assets in an offline environment, which makes them inaccessible to online attacks and hacks. This provides a high level of security for long-term storage of large amounts of cryptocurrencies.

SSL encryption protects data transfer between the exchange server and users' devices, ensuring confidentiality and integrity of information. This helps to prevent the interception and modification of data by third parties.

Anti-phishing protection algorithms are used to detect and block phishing attacks aimed at deceiving users and stealing their personal information. This helps to prevent the leakage of confidential data and protect users from fraud.

The AML/KYC policy allows the exchange to comply with the law and prevent illegal activities by verifying the identity of users and tracking their financial transactions. This helps to prevent money laundering, terrorist financing and other illegal activities.

Two-factor Authentication (2FA) provides an additional layer of protection by requiring users to provide two verification factors to log into an account. This makes hacking accounts more difficult and helps protect them from unauthorized access.

Checking the degree of risk before conducting a transaction allows the exchange to analyze transactions for suspicious activity and prevent fraud and illegal actions. This helps protect users and their funds from potential threats and financial losses.

Given that the MEXC exchange has not been hacked, it can be assumed that the site's security system effectively copes with its task, ensuring reliable storage and protection of users' assets.

Reviews

Reviews of the crypto exchange MEXC.com mostly positive. The platform is very popular in Asian countries, as well as among users from Europe. Users highly appreciate the wide range of cryptocurrencies, a convenient trading terminal and the possibility of staking. Many beginners choose MEXC due to the lack of mandatory verification and the presence of a demo account.

Experienced traders single out MEXC Global as one of the best platforms for futures trading. Beginners often prefer spot trading and staking, noting the high rewards for storing cryptocurrencies.

Negative reviews about the MXC exchange are rare and are mainly related to a poorly optimized application.

Support Service

The exchange offers two convenient ways to contact the support service: via chat on the platform's website itself or via the Telegram messenger. Regardless of the selected channel, support is available at any time of the day, which ensures prompt response to user requests and questions at any time of the day or night. The maximum waiting time for a response from the support service is no more than 20 minutes, which allows you to quickly get the necessary help or information. In addition, it is important to note that the support service is ready to communicate with customers in their native language, although, if necessary, it can use an interpreter to facilitate mutual understanding.

Conclusion

In conclusion, the MEXC platform is a cryptocurrency exchange that has a number of advantages and features. It provides a wide range of services for traders, including spot and futures trading, staking, as well as opportunities to copy trades and participate in launchpads and airdrops.

One of the key advantages is a single fixed trading fee for all traders, which ensures transparency and predictability in costs. Thanks to a wide selection of cryptocurrencies and stablecoins, as well as support for various languages and fiat currencies, the platform attracts both beginners and experienced traders from different regions of the world.

Despite a number of positive reviews, it should be noted that some users make comments regarding the optimization of the mobile application and the quality of service. However, the company continues to develop and improve its services in an effort to meet the needs of its customers.

In general, the MEXC platform is a promising player in the cryptocurrency exchange market, offering a variety of tools and services for successful trading and investing in crypto assets.