MEXC QUICK INFORMATIONINFO
With thousands of different cryptocurrencies and cutting-edge features like grid bots and copy trading, MEXC is a global cryptocurrency exchange that offers spot, margin, and futures trading. With features like cold storage and two-factor authentication, it prioritizes security while maintaining an intuitive user interface for novice and seasoned traders alike. MEXC also offers cutting-edge features like its hybrid DEX platform, an extensive Earn platform for staking, and MEXC Alpha for early token access.
HOW TO MAKE A DEPOSIT
DEPOSITING CRYPTO CURRENCY
Log in, navigate to the Wallets area, and choose Deposit to deposit cryptocurrency to MEXC. After selecting the network and cryptocurrency, copy the generated deposit address, and then enter it into the withdrawal platform from whence the money is being sent. To prevent losing money, make sure the network you’ve chosen works on all platforms. If the asset calls for it, include the memo or tag.
DEPOSITING FIAT CURRENCY
Go to Buy Crypto in the menu bar, click Fiat Deposit, then pick your fiat currency and payment option, like credit/debit card or bank transfer (SEPA), to deposit fiat on MEXC. Then, to purchase cryptocurrency, such as USDT, straight from the platform, enter the amount you want to deposit, supply any necessary payment information, and finish the transaction. Go to the “Buy Crypto” area, choose “Fiat Deposit,” and then proceed with the remaining deposit procedures.
IMPORTANT NOTES
Before making a fiat purchase, you must finish the sophisticated KYC (Know Your Customer) verification process. For the deposit to be successful, the name on your credit/debit card or bank account must match the name on your MEXC account. To prevent transaction problems when making a bank transfer, make sure you include the special reference code that was given on the order page in the “Reference/Comments” area of the payment. Regular SEPA transfers can take one to two business days, however fiat deposits made through SEPA Instant Transfer are frequently finished in two hours.
Watch out for potentially exorbitant fees, which can range from 2 to 4%, particularly when using a debit or credit card.
ATTENTION !! For significant cryptocurrency deposits use a test transaction To prevent such problems. Always double-check that the token and network are identical on both the sending and receiving ends. When working with third-party suppliers, always keep the payment pending page open because the procedure is still in progress.
MEXC TRADING FEES
MEXC is very cost-effective for liquidity providers because it costs 0% maker fees and 0.05% taker fees for spot trading. MX token owners who have 500 or more tokens in a 24-hour period are eligible for a 50% trading fee reduction, which lowers taker fees to just 0.025%. There are no fees associated with unfulfilled orders or cancellations, giving traders the freedom to change positions without incurring penalties. The zero maker fee structure allows for the complete elimination of trading expenses through the strategic use of limit orders. Periodically, MEXC runs promotions with no fees on popular trading pairings like DOGE, ETH, XRP, and BTC. Although it cannot be used in conjunction with the MX holding discount, the MX Deduction function offers an additional 20% off.
SPOT TRADING FEES
Maker Fee: 0.0%
Taker Fee: 0.05%
By holding 500+ MX tokens for a full day, holders can reduce trading fees by up to 50%.
HOW TO REDUCE TRADING FEES
There is an even more alluring choice for traders who possess sizable MX holdings. You can receive a 50% discount on any trading costs if you have 500 or more MX tokens in your spot account for 24 hours in a row. MX deduction and this holding-based discount cannot be combined, however the software automatically applies the option that offers the biggest savings.
FUTURE TRADING FEES
Maker Fee: 0.0%
Taker Fee: 0.02%
OTHER FEES
Crypto deposits are free, however the sending platform may incur network costs. If you make a withdrawl the network and cryptocurrency selected affect the cost of cryptocurrency withdrawals. Also hourly margin interest charges, which differ based on the token and market conditions, apply to borrowed funds in margin trading.
Funding Rates are costs that cryptocurrency exchanges apply to keep the price of the underlying asset and the futures price in balance. Usually used to perpetual futures, this rate serves as a medium for long- and short-term traders to transact money. This charge is not collected by the exchange. The Funding Rate is used to modify the cost or profit of holding contracts for traders.
MEXC PERPETUAL FUTURES OFFER UP TO 500 TIMES LEVERAGE
Using leverage in perpetual futures might boost returns, there are hazards involved. You should evaluate market risks and your level of risk tolerance before utilizing leverage. You can think about employing leverage to perhaps increase profits if you think the market outlook is favorable. However, employing leverage might be harmful if the market forecast is unclear or extremely unpredictable.
EXAMPLE
If you are trading BTC/USDT and you select 10x Leverage then you need $9,000 margin to open a $90,000 position. With 20x Leverage you need $4,500 margin to open the same $90,000 position.
IMPORTANT LEVERAGE POINTS
Increases Margin Exposure: Using leverage raises your margin exposure, which in turn makes gains and losses more noticeable. Risk management is essential because it increases the impact of price changes on your position even when it does not immediately boost realized or unrealized gains.
Impact on the Liquidation Price: As leverage increases, the margin buffer is diminished, pushing the entry price closer to the liquidation price.
Requires Adequate Margin: Make sure you keep enough margin in your account to prevent liquidation.
How much leverage can I obtain on MEXC Futures?
Depending on the market and trading pair, Bitget offers leverage of up to 125x.
Can I alter my leverage once I've opened a position?
Yes, even after initiating a position, you can change the leverage. The size of the open position will remain unchanged, but adjustments will impact the margin needs.
Does greater leverage translate into better earnings?
Higher leverage can improve profits, but it also raises the possibility of suffering large losses and drives up the liquidation price.
Does changing leverage come with a cost or fee?
No, there isn't a cost to change the leverage; however, the amount of leverage will affect the margin you need.
What impact does leverage have on the price of liquidation?
The margin buffer is diminished by increased leverage, which brings the liquidation price closer to your entrance price.
DISCLAIMER AND RISK WARNING
Trading tutorials such as this are provided by MEXC and us just for educational purposes; they should not be interpreted as financial advice. The strategies and examples provided are merely intended to be samples and may not fully reflect the current status of the market. One of the many risks associated with cryptocurrency trading is the potential for financial loss. Past achievement may not guarantee future results. Always conduct thorough research and be mindful of the dangers. Bitget has no control over the trading choices of its users.