In this crypto exchange review, I will look closely at MEXC Global, one of the world’s most traded crypto exchanges. They have the lowest fee in the market, such as 0.02% for trading, with more than 6 million users worldwide and with a trading turnover of over $1 billion.
MEXC Global was founded in 2018 in Seychelles and is known as the Exchange of high-performance, capable of processing almost 1,5 million transactions per second, unprecedented in the trading market.
The team at MEXC exchange has some of the first movers and pioneers of financial banking and blockchain technology. They are currently on an excellent way to becoming the top trading company.
MEXC Global is available almost worldwide as they have acquired the official compliance licenses to offer their services in different countries, including Australia, Canada, and the United States of America.
MEXC in the numbers-Jun 2022
The numbers say enough about MEXC. Due to a large number of trading options, MEXC can offer many services to its clients.
- Number of users: 6+ Million
- Number of cryptocurrencies – 662
- Trading pairs – 746
- Market share 1.61%
- 24h trading volume – 1.06B
- Supported countries – over 70
- 1.5 million transactions per second
Key Features of MEXC
Due to a large variety of trading options, the MEXC crypto exchange offers its customers many services and gives to users a great trading experience. There are many advantages of MEXC trading, and short-term crypto purchases or cryptocurrencies are an excellent way to get things done quickly.
With quick buying and selling capabilities from MEXC, it is straightforward and fast for making crypto transactions.
We will go through the main MEXC features.
Main MEXC Features
- The lowest fee (from 0.02 to zero)
- Spot Trading
- ETF – Leveraged exchange-traded fund
- Futures trading (up to 125x leverage across futures contracts)
- MX DeFi Yield Mining
- Multi-player and multi-cluster system architecture
- High liquidity provided by abundant resources and numerous partners
- Multiple mainstream languages supported
- Distributed “Super Node” founder program for adequate community autonomy
- Advanced security protection
MEXC Exchange has various options to offer its customers: spot, margin, leveraged ETF (exchange-traded funds) indexes, and futures trading services.
0.2% Trading Fees
MEXC charges 0.2% per maker order for all margin and spot trading systems. Similar fees apply to trading in indices. You may also be getting 20 percent of the cost by holding the MX token.
The firm imposes maker fees of 0.04% and taker fees for perpetual contracting. Additionally, the MEXC Exchange offers discounts on permanent contracts based on 30-day USDT trading volumes and the total USDTA balance in the accounts.
Deposits are entirely free; Withdrawal fees depend on Currency & Payment Methods and are dependent upon transaction cost.
Credit trade (instant purchases made with a credit card) varies in processing the interest rate. Still, credit card purchases could generally exceed the total market value.
… Even Zero (0) Fee…
MEXC does not stop introducing innovations, so they introduce a zero fee (o) in June 2022. You can trade USDC / USDT, BUSD / USDT, TUSD / USDT, USDP / USDT totally free.
MEXC Global Peer-to-peer (P2P) Service.
MEXC Global P2P Marketplace allows smooth crypto transactions between two users. Each side can select an appropriate payment option and complete the deal using the desired currency.
When using MEXC P2P, you can communicate with any person you’re dealing with and know your counterparty better. You can debate all nuances and options before the deal with the help of live chat.
24/7 hour support is also available in MEXC P2P. Nevertheless, what the current time is in your country, you can always write your questions in live chat without leaving the platform or resolving any problems.
There are zero fees for MEXC P2P, while withdrawal charges are dynamic and can be tracked live on their platform, and for safety, each transaction is very fast and verified by encryption.
Features of MEXC Margin Trading
- Interest rates are calculated on an hourly basis
- (Calculation on an hourly basis is more reasonable in cooperation daily)
- The market determines interest rates
- (The lowest hourly interest rate on MEXC is 0.002%)
- Low Capital can yield High Returns
- (MEXC Margin supports 1-10 leverage)
- Most margin pairs are supported
- (MEXC margin supports most assets providing more opportunities)
- Automatic Borrowing and Repayment
- (Simple and Convenient: No need to borrow and repay manually)
A Leveraged Exchange-Traded Fund (Leveraged ETF)
Leveraged trading has become very popular as much as crypto trading exists. So what is Leveraged ETF?
Leveraged trading ETF is a type of derivatives trading where you increase the amount of money you trade, such as 2x, or 3x. If the trading asset price increases 1% in the desired direction, profit will be 2%, 3% depending on choosing a leveraged position.
The leveraged trading system is also known as high risk and should be used carefully because if prices start to decrease, there is a significant risk of reaching 0 in extreme situations.
MEXC Global rebalances its investment portfolio every 24 hours to avoid the gap between the portfolio’s leveraged and agreed ratios.
Differences Between Leverage and Futures Contracts.
Similar to Leveraged ETF, futures contracts also have leveraged options, up to 125x leverage, but leveraged ETF offers a cheap risk-heading tool, with no margin and less risk to liquidations and fixed leverage times.
What is MX DeFi Mining and Staking？
MEXC Exchange was showing us its commitment to innovation with its MX DeFi Yield Mining systems where users can stake USDT, MX, ETH, BTC, LooksRare, or other coins to earn liquidity yield.