A Guide to MEXC – All You Need to Know About the Seychelles-Based Exchange
Despite hundreds of crypto exchanges available today, MEXC has beaten the competition and emerged among the top platforms. The Seychelles-based exchange offers world-class trading tools that meet the needs of every trader. Keep reading this guide to learn everything about MEXC.
Exploring MEXC
Founded by prominent entrepreneur John Chen, MEXC is a respected crypto exchange serving more than 10 million people in over 150 countries. What makes this trading platform stand out is its relatively low trading fees and lists almost all the popular cryptocurrencies.
Since starting its operations in 2018, MEXC has been processing over 1.3 million transactions per second, thus making it among the fastest.
Cryptocurrency Trading on MEXC
According to data from CoinGecko, MEXC supports over 1,750 digital currencies. The trading pairs that make up the largest portion of the exchange’s daily trading volume include ETH/USDT, BTC/USDT, XRP/USDT, and SOL/USDT. It is worth mentioning that MEXC also offers perpetual contracts for certain cryptocurrencies, with ETH/USDT and BTC/USDT being the most active.
MEXC’s Native Token
Like any other leading exchange, MEXC has its own native token called MX, which can be traded on the platform under the MX/USDT trading pair. Holders of MX enjoy several benefits, including free airdrops, discounted trading fees, and many more.
Which Countries Does MEXC Serve?
As stated, MEXC is available in over 150 nations. Some of them include the United Kingdom, Brazil, UAE, Southern Korea, Australia, and India. Note that MEXC does not operate in Cuba, Sudan, North Korea, Iran, Singapore, the United States, and Canada.
How to Register With MEXC
You need a valid email or phone number to get started with MEXC. After entering any of the two, click “Next” to receive a confirmation code. Key in the code and press “Confirm.” Set your password to access your newly created MEXC account. To explore this exchange without many restrictions, you will be required to complete the Know Your Customer process by providing your ID, selfie, and proof of residence.
MEXC’s Tools and Features
Here are some of the tools and features you can expect on the MEXC platform:
Quick Cryptocurrency Buying Interface
As a MEXC user, you can quickly buy your favorite cryptocurrencies via P2P and express orders using credit/debit cards and bank transfers. Moreover, you can deposit fiat currencies like JPY, KRW, GBP, EUR, and USD to purchase crypto assets.
MEXC Mastercard
MEXC offers a Mastercard-issued card, allowing customers to fund it with crypto assets and use it to pay for online shopping.
Spot and Futures Trading
With MEXC, you can trade cryptocurrencies in the spot market or bet on the crypto price movements in the futures market while enjoying a leverage of up to 150x. Spot trading is recommended for newbies since it is simple.
MX Zone
As mentioned, MX holders enjoy several benefits. One of them is access to MX Zone, which gives holders an opportunity to invest in soon-to-be-launched cryptocurrency projects through the MEXC launchpad.
MEXC Learn
MEXC tries to be as beginner-friendly as possible. That explains why it has a dedicated section called MEXC Learn to teach newbies about the blockchain industry and crypto trading.
MEXC Mobile Application
MEXC understands that users want to monitor their crypto portfolios whenever they wish. For this reason, it offers a mobile app with all the necessary trading tools.
MEXC Copy Trading
Among the features that make MEXC a good platform for beginners is copy trading. This functionality allows inexperienced traders to replicate the trades of successful traders. MEXC displays all the necessary information, like ROL, win rate, and PnL, to allow users to choose the right trader to follow.
Demo Trading
Most well-known crypto exchanges do not support demo trading. But with MEXC, you can enter the crypto market without risking your real money. This helps you test your trading strategy before using your crypto.
MEXC Earn
If you do not want to participate in active trading, you can just stake your cryptocurrencies on MEXC via its “Earn” section. Some of the crypto assets eligible for staking include BTC and USDT.
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