Exploring MEXC Features for New Users

Exploring MEXC Features for New Users

MEXC Global is a cryptocurrency exchange that has gained popularity for its wide range of listed assets and various trading products. This overview is designed to introduce new users to the core features available on the platform.

Core Features Overview

MEXC offers several key services catering to different levels of crypto traders:

• Spot Trading: Buying and selling cryptocurrencies immediately at the current market price.
• Futures Trading: Trading contracts based on the future price of an asset, including perpetual contracts.
• Staking and Earning: Opportunities to earn passive income on held cryptocurrencies.
• Launchpad: A platform for new crypto projects to conduct initial exchange offerings (IEOs).
• NFT Marketplace: A dedicated area for trading Non-Fungible Tokens.

Fees Structure

Trading fees on MEXC are generally competitive. Fees are typically charged based on a maker/taker model. Makers add liquidity to the Order book (placing orders that are not immediately filled), while takers remove liquidity (placing orders that fill immediately). Fees can often be reduced by holding the native MX token. Users should consult the official fee schedule for precise details.

Supported Assets and Markets

MEXC is known for supporting a vast number of digital assets, often listing newer or smaller-cap tokens sooner than some larger exchanges.

• Spot Assets: Hundreds of cryptocurrencies are available for direct purchase and sale.
• Futures Markets: These markets typically focus on major pairs like BTC/USDT and ETH/USDT, as well as a large selection of altcoin futures.

Spot and Futures Trading Basics

Spot market trading involves the direct exchange of one asset for another (e.g., trading USDT for BTC).

Futures contract trading involves speculating on the future price movement of an asset without owning the underlying asset itself. MEXC primarily offers perpetual futures, which do not expire. Understanding the difference between perpetual and expiring contracts is crucial. Users interested in advanced risk analysis might look into methods like How to Use Average True Range for Risk Management in Futures Trading.

Order Types Available

MEXC supports standard order types necessary for executing trades efficiently:

Order Type	Description
Limit order	Sets a specific price at which you are willing to buy or sell.
Market order	Executes immediately at the best available price in the Order book.
Stop-Limit	An order that triggers a Limit order once a specified stop price is reached.

Liquidity and Market Depth

Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. MEXC generally maintains deep liquidity for major pairs (like BTC/USDT). However, newer or less popular assets might exhibit lower liquidity, which can lead to higher price slippage, especially when executing large Market orders.

Security Practices

Exchanges employ several layers of security. Users should always enable Two-Factor Authentication (2FA). MEXC utilizes standard industry security measures, including cold storage for the majority of assets and encrypted data transmission. Users are responsible for securing their own account access credentials.

KYC and Limits

Know Your Customer (KYC) verification is required by many exchanges to increase withdrawal limits and comply with global regulations.

• Unverified Accounts: Typically have lower daily withdrawal limits.
• Verified Accounts: Require submission of identity documents and offer significantly higher transaction limits.

Funding and Withdrawals

Users can fund their MEXC accounts via cryptocurrency deposits from external wallets or through fiat on-ramps (depending on regional availability), which often involve bank transfers or third-party payment processors. Withdrawals are processed after confirmation on the respective blockchain. Withdrawal fees vary based on the cryptocurrency being moved.

Mobile and Web User Experience (UX)

MEXC provides both a web-based trading interface and dedicated mobile applications for iOS and Android. The web platform generally offers more detailed charting tools, suitable for in-depth analysis, such as identifying patterns like the Head and Shoulders Pattern in ETH/USDT Futures: Identifying Reversals for Risk-Adjusted Profits. The mobile app prioritizes ease of use for on-the-go trading and monitoring.

Risks and Responsible Trading

Cryptocurrency trading, especially involving leverage in futures, carries a high degree of risk and is not suitable for all investors. Users should only invest capital they can afford to lose. It is advisable to start with smaller amounts, utilize risk management tools, and educate oneself thoroughly before engaging in leveraged trading.

First Steps Checklist

To begin trading on MEXC, follow these initial steps:

1. Register here for an account.
2. Enable Two-Factor Authentication (2FA) immediately.
3. Complete identity verification (KYC) if high withdrawal limits are required.
4. Deposit cryptocurrency or use a fiat on-ramp to fund your account.
5. Start by practicing with small amounts on the Spot market.

See also (on this site)

• Understanding MEXC Trading Fees Structure
• Assets Available for Trading on MEXC
• MEXC Spot Trading Versus Futures Basics
• Placing Your First Order on MEXC

Recommended articles

• Regulatory Framework for Cryptocurrencies
• Crypto Futures for Beginners: 2024 Guide to Market Sentiment"
• What Are the Best Cryptocurrency Exchanges for Beginners in China?"
• The Basics of Futures Trading Platforms for Beginners
• Understanding Ichimoku Clouds for Crypto Futures Analysis

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

Join Our Community

Follow @startfuturestrading for signals and analysis.