MEXC Trading Fees Explained Simply
MEXC Trading Fees Explained Simply
MEXC is a centralized cryptocurrency exchange that offers a wide range of trading services, including spot trading, margin trading, and derivatives trading. This overview aims to explain the core features and fee structure in a beginner-friendly manner. If you are ready to start, you can Register here.
Core Platform Features
MEXC supports trading across various asset classes and services:
- Spot Trading: Direct buying and selling of cryptocurrencies.
- Margin Trading: Borrowing funds from the exchange to increase potential trade size.
- Futures Trading: Trading derivative contracts based on the future price of an asset, often involving leverage.
- Staking and Earning Products: Options to earn passive income on held assets.
Fee Structure Overview
MEXC employs a tiered fee structure based primarily on the user's trading volume over the last 30 days and their holdings of the native token, MX. Fees are generally competitive, particularly for high-volume traders.
Fees are typically quoted as Maker (for adding liquidity to the Order book) and Taker (for removing liquidity).
Spot Trading Fees
Spot trading fees are generally low. Users holding MX tokens can receive further discounts on their trading fees.
| User Level | 30-Day Volume (USDT) | MX Holdings | Maker Fee | Taker Fee |
|---|---|---|---|---|
| VIP 0 | Less than 1,000,000 | 0 | 0.20% | 0.20% |
| VIP 1 | 1,000,000+ | 1,000+ | 0.18% | 0.18% |
| VIP 2 | 5,000,000+ | 5,000+ | 0.16% | 0.16% |
Futures Trading Fees
Futures trading fees are often lower than spot fees, especially for Maker orders, reflecting the different risk profiles involved in derivatives. Fees can vary slightly between perpetual futures and settled futures contracts.
Supported Assets and Markets
MEXC supports a very large selection of cryptocurrencies, often listing newer or smaller-cap tokens before many other major exchanges.
- Spot Market: Access to hundreds of trading pairs, including major coins like BTC and ETH, as well as thousands of altcoins.
- Futures Market: Offers perpetual Futures contracts for major cryptocurrencies, allowing traders to speculate on price movements without an expiry date. Traders should review concepts like Key Concepts to Master Before Trading Crypto Futures before engaging in this area.
Order Types Explained
MEXC supports standard order types essential for executing trades precisely:
- Limit order: An order placed to buy or sell an asset at a specific price or better.
- Market order: An order placed to buy or sell immediately at the best available current price.
- Stop-Limit/Stop-Market Orders: Used primarily in futures and margin trading to automate entry or exit points based on a trigger price. Understanding strategies like Fibonacci Retracement Levels: A Proven Strategy for Trading BTC Perpetual Futures can be beneficial here.
Liquidity and Market Depth
Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. MEXC generally maintains high liquidity for its top trading pairs (e.g., BTC/USDT, ETH/USDT). For less common pairs, liquidity might be thinner, which can lead to higher slippage when executing large Market orders.
Security Practices
Exchanges employ various measures to protect user funds and data. MEXC utilizes standard industry security practices, including:
- Two-Factor Authentication (2FA) for logins and withdrawals.
- Cold storage solutions for the majority of digital assets.
- Anti-phishing codes.
Users are strongly encouraged to enable 2FA and use strong, unique passwords; see Securing Your MEXC Account Funds.
KYC Requirements and Limits
KYC (Know Your Customer) verification levels determine the trading and withdrawal limits a user can access.
- Unverified Accounts: Usually have very low daily withdrawal limits.
- Verified Accounts (KYC Completed): Offer significantly higher daily withdrawal limits and access to all platform features. Detailed requirements are covered in MEXC KYC Requirements and Limits.
Funding and Withdrawals
- Deposits: Users can deposit cryptocurrencies directly to their assigned wallet addresses. Fiat deposits are generally supported via third-party integrations, depending on the user's region.
- Withdrawals: Withdrawals require a valid wallet address and often incur a small network fee, which covers the blockchain transaction cost. Withdrawal processing times depend on network congestion.
User Experience (UX)
MEXC offers a comprehensive user interface accessible via both web browsers and dedicated mobile applications (iOS and Android). The interface is designed to cater to both novice traders using the simple spot interface and experienced traders navigating complex futures charts and margin tools.
Risks and Responsible Trading
Trading cryptocurrencies, especially with leverage in the Futures contract market, involves substantial risk. Prices are highly volatile. Users should never trade with funds they cannot afford to lose. Understanding risk management is crucial; for example, reviewing A Beginner’s Guide to Trading Energy Futures can offer transferable risk management insights.
First Steps Checklist
1. Register an account using Register here. 2. Enable Two-Factor Authentication (2FA) immediately. 3. Complete necessary KYC verification to increase limits. 4. Deposit a small amount of crypto to test the deposit process. 5. Practice trading using a Limit order on the Spot market with a small capital amount.
See also (on this site)
- Understanding MEXC Order Types
- Assessing MEXC Exchange Liquidity
- MEXC KYC Requirements and Limits
- Securing Your MEXC Account Funds
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Recommended Futures Trading Platforms
| Platform | Futures perks & welcome offers | Register / Offer |
|---|---|---|
| Binance Futures | Up to 125× leverage, USDⓈ-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 50–500 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 → get 10 USD) | Join MEXC |
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