Can this crypto exchange be trusted?

There are many questions about the legitimacy of the MEXC exchange. Perhaps it is because it is one of the less prominent exchanges.

MEXC is a crypto exchange also known as MEXC Global. Since its inception in 2018, the platform has grown into a powerful exchange with simple and efficient transactions. Founded in 2018, the platform rebranded in 2021 and adopted the name MEXC Global.

We take a deep dive into how MEXC Global works, its pros and cons, and everything in between.

The MEXC stock exchange

Although MEXC Global is a lesser-known crypto exchange, it is also not a popular choice for investors. However, the platform has over six million active users, most of whom prefer the platform due to its efficiency and impressive transaction matching technology.

The exchange can process at least 1.4 million transactions per second. This feature makes trading on the site hassle-free and fast.

In addition, the platform is the best crypto exchange in terms of global compliance certificates. This makes them available almost anywhere in the world. These countries include Australia, Canada and the United States. The platform also offers various customer options for trading, buying and selling digital assets.

advantage

  • The exchange has global compliance certificates from several countries
  • It has cutting-edge transaction matching technology
  • Effective and responsive customer support that ensures customer satisfaction

Disadvantages

  • Compared to other exchanges, the platform has higher transaction costs
  • The exchange does not have an integrated wallet

trading opportunities

MEXC Global is a centralized exchange with some limitations compared to decentralized exchanges. Still, the exchange offers its users a number of trading options

1. Spot Grid Trading

Spot trading on the platform is mainly done through the quantitative strategy for online trading. In spot net trading, traders specify their maximum and minimum prices to buy or sell an asset. You then set different grids and a base investment amount. The platform then uses trading robots that buy transactions at the lowest price and sell at the highest price.

Spot online trading on the MEXC platform eliminates the pressure of manual trading.

2. Margin trading

MEXC also offers margin trading where traders can borrow money and use it to trade. Margin trading is always a profitable but also a risky endeavour.

To participate in margin trading on the platform, one must first activate a margin trading account and make a margin deposit. The deposit serves as security for the loan.

Regardless of the result, the trader must repay the loan and the agreed interest. Because of this, margin trading is better suited to traders with experience in the crypto markets.

Currencies and payment methods

Cryptocurrencies on MEXC

MEXC Global supports a wide range of currencies and trading pairs. The exchange platform supports at least 1521 coins, including the most popular;

Traders can also explore a variety of trading pairs on MEXC. The most active trading pair on the platform is BTC/USDT. Other popular trading pairs on MEXC Global are;

  • ETH/USDT
  • BTC/USDC
  • EOS/USDT
  • LTC/USDT
  • XRP/USDT
  • DASH/BTC
  • BNNB/USDT
  • SOL/USDT

In addition, MEXC supports various payment options, including the use of credit and debit cards. Sellers can also pay via global bank transfers using WIFT, PIX, Wire and ACH. You can also pay through third party payment services such as Simplex, Mercuryo and Banxa.

purchase of Fiat

The platform also allows merchants to purchase fiat currency using credit cards such as Visa and Mastercard. The main fiat currencies supported are the Vietnamese Dong (VND), Chinese Yuan, Australian Dollars, British Pounds, Philippine Pesos, US Dollars and Euros.

fees

MEXC Global does not charge any deposit fees on funds that traders deposit into the account. However, this may vary. For example, if a trader transfers money from another exchange, the exchange may charge a certain fee.

The platform also charges fees per transaction for payouts, but there is no fixed fee. The applicable fees may depend on the platform’s traffic, liquidity and network status.

Additionally, traders may be subject to a trading fee which is 0.20% producer fee and 0.02% taker’s fee. In most cases, the MX platform offers rebates and discounts that can reduce trading fees by around 20%.

security

For traders who want security, MEXC offers excellent security features. It has the highest number of global conformity certificates. This is the first assurance that proves the safety of the platform. It is the responsibility of the supervisory authority to ensure that a platform is safe enough for its citizens. The fact that the platform has many certificates of conformity makes it ideal.

In addition, the platform has a multi-level security system with multiple clusters. This makes it almost impossible to hack the systems, as hackers cannot find all the information on a mainframe.

customer service

Among many exchanges, the platform scores above all with its customer service. The platform is praised for its efficiency and responsiveness on various review portals. The Platform is a help center that offers useful resources for most of its services. A live support feature also allows customers to speak face-to-face with the MEXC support team.

How to create an account

  1. Visit the MEXC website and click the “Login” button in the upper right corner of the website.
  2. Enter your email address. Fill in the password field on the same page.
Sign up for MEXC
Sign up for MEXC
Create an account MEXC
Create an account MEXC
  1. Click the “Send Now” hypertext on the left side of the confirmation panel and wait for a confirmation code to be sent to the email address you provided.
  2. Copy the code you receive and paste it into the confirmation box.
  3. Click the Login button to complete the process.

Conclusion

Choosing a crypto exchange is an important step for any trader. There are several things to consider, such as how user-friendly a website is and whether the preferred cryptocurrencies are listed.

All in all, MEXC is an exchange that you can fully trust. The platform is an important exchange with the various certificates of conformity it has. The platform is also safe for traders as it handles their money with care.

Do you think the MEXC platform is ideal for storing your money? We advise you to inform yourself thoroughly and not make hasty decisions.

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