MEXC Supported Cryptocurrency List: Difference between revisions
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MEXC Supported Cryptocurrency List
MEXC is a global digital asset exchange that provides a wide range of trading services for cryptocurrency enthusiasts, from beginners to experienced traders. It is known for listing a large number of tokens, often including newer projects, alongside established cryptocurrencies. This overview covers the core aspects of using the platform. For a general understanding of how such platforms operate, see Cryptocurrency Exchange.
Core Features
MEXC offers several key services:
- Trading: Spot trading and derivatives (futures) trading.
- Asset Diversity: A large selection of cryptocurrencies available for trading.
- Innovation Listings: Early listing of some emerging tokens.
- Ecosystem Tools: Various services including staking, mining pools, and launchpads for new projects.
Trading Products
MEXC supports two primary trading environments:
- Spot market: Direct buying and selling of cryptocurrencies for immediate settlement. This is the most straightforward way to trade.
- Futures contract: Derivatives contracts that allow users to speculate on the future price movement of an asset without owning the underlying asset. MEXC typically offers Perpetual Futures.
Order Types
Understanding order types is crucial for effective trading on any exchange. MEXC supports standard order types for both spot and futures markets:
Order Type | Description |
---|---|
Limit order | Sets a specific price at which you wish to buy or sell. The trade executes only when the market reaches that price. |
Market order | Executes immediately at the best available current price in the Order book. |
Stop-Limit/Stop-Market | Conditional orders that trigger only when a specified stop price is reached. |
For detailed trading guides, new users might find it helpful to read A Beginnerβs Guide to Navigating Cryptocurrency Exchanges.
Supported Assets and Liquidity
MEXC supports hundreds of cryptocurrencies, ranging from major assets like Bitcoin (BTC) and Ethereum (ETH) to a vast array of altcoins across various sectors (DeFi, NFTs, Layer 1s, etc.).
Liquidity varies significantly between pairs. Major pairs generally have deep liquidity, ensuring tight spreads and efficient execution. However, newer or lower-cap tokens may experience lower liquidity, which can lead to higher slippage, especially for large orders. Users should always check the depth of the Order book before executing significant trades.
Fees Structure
MEXC employs a tiered fee structure based on trading volume and the user's holdings of the exchange's native token (if applicable). Fees are generally competitive, often featuring lower rates for makers (those who place orders that add liquidity) than for takers (those who place orders that immediately remove liquidity).
Fees are typically charged as a percentage of the trade value. Futures trading usually has separate, often lower, fee schedules than spot trading.
Security Practices
Exchanges implement several layers of security to protect user assets and data:
- Two-Factor Authentication (2FA): Highly recommended for securing accounts.
- Cold Storage: The majority of user assets are kept offline in cold storage.
- Encryption: Data transmission is secured using standard encryption protocols.
Users are always responsible for their own security practices, such as using strong, unique passwords.
KYC and Limits
Know Your Customer (KYC) verification levels determine the limits placed on an account regarding deposits, withdrawals, and trading volume.
- Unverified Accounts: Often have low or no withdrawal limits.
- Verified Accounts (KYC completed): Offer significantly higher daily and cumulative withdrawal limits.
It is important to review the current KYC requirements on the MEXC platform to understand personal trading and withdrawal capacities.
Funding and Withdrawals
Users can fund their accounts via cryptocurrency deposits (transferring assets from another wallet or exchange) or sometimes through fiat on-ramps (bank transfers or credit card purchases, depending on region and availability).
Withdrawals are processed after confirmation on the respective blockchain network. Withdrawal fees apply, which cover the network transaction costs (gas fees). Processing times depend on network congestion.
Mobile and Web User Experience
MEXC provides access through both a dedicated mobile application (for iOS and Android) and a comprehensive web interface.
The web platform is generally preferred for detailed analysis and futures trading due to screen real estate, while the mobile app excels in convenience for checking balances, monitoring open orders, and executing quick trades on the go.
Risks and Responsible Trading
Cryptocurrency trading inherently involves high risk. Prices are extremely volatile. Trading derivatives like Futures contract involves leverage, which magnifies both potential profits and potential losses, making risk management paramount. New traders should start small and educate themselves thoroughly. For guidance on managing potential losses, review Cryptocurrency Trading Beginner's Guide: Mastering Risk Management in Futures.
First Steps Checklist
To begin trading on MEXC:
- Create an Account: Register here.
- Enable Security: Activate 2FA immediately.
- Complete Verification: Complete KYC to increase withdrawal limits.
- Fund Wallet: Deposit the cryptocurrency you wish to trade.
- Practice: Start with small amounts on the Spot market before engaging in leveraged trading.
See also (on this site)
- MEXC Spot Trading Basics Explained
- Understanding MEXC Futures Contracts
- Navigating the MEXC User Interface
- Comparing MEXC Mobile and Web Experience
Recommended articles
- How Cryptocurrency Futures Trading Works Explained
- Top Tools for Successful Cryptocurrency Trading on Globex and Other Platforms
- Best Tools for Day Trading Cryptocurrency Futures Using Technical Analysis
- Cryptocurrency Market Trends
- Essential Tools for Managing Cryptocurrency Futures Portfolios
Recommended Futures Trading Platforms
Platform | Futures perks & welcome offers | Register / Offer |
---|---|---|
Binance Futures | Up to 125Γ leverage, USDβ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days | Sign up on Binance |
Bybit Futures | Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks | Start on Bybit |
BingX Futures | Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount | Join BingX |
WEEX Futures | Welcome package up to 30,000 USDT; deposit bonus from 50β500 USD; futures bonus usable for trading and paying fees | Register at WEEX |
MEXC Futures | Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT β get 10 USD) | Join MEXC |
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