Understanding MEXC Spot Trading Basics
Understanding MEXC Spot Trading Basics
MEXC is a global cryptocurrency exchange offering a wide range of trading services, including Spot market and Futures contract trading. This article provides a beginner-friendly overview of MEXC's core features and functionalities.
Core Features
- **Spot Trading:** Buy and sell cryptocurrencies directly from other users on the platform's Order book.
- **Futures Trading:** Trade cryptocurrency derivatives contracts, speculating on price movements without owning the underlying asset.
- **Wide Range of Cryptocurrencies:** MEXC supports a diverse selection of cryptocurrencies, including popular coins like Bitcoin (BTC), Ethereum (ETH), and many altcoins.
Fees
MEXC employs a tiered fee structure based on trading volume.
- **Spot Trading Fees:** Typically range from 0.20% to 0.05% depending on your trading volume and holding MX Tokens.
- **Futures Trading Fees:** Fees vary depending on the specific contract and leverage used. Refer to MEXC's official fee schedule for detailed information.
Supported Assets
MEXC offers a comprehensive list of supported cryptocurrencies. You can find the complete list on the MEXC Exchange: Supported Cryptocurrencies page.
Spot Trading Basics
- Order Types:**
- **Limit order:** Buy or sell at a specific price or better.
- **Market order:** Executes immediately at the best available market price.
- Liquidity and Markets:**
MEXC boasts relatively high liquidity, meaning orders are typically filled quickly.
- Security Practices:**
- **Two-Factor Authentication (2FA):** Enhances account security by requiring a unique code in addition to your password.
- **Cold Storage:** A significant portion of user funds are stored offline in cold wallets for enhanced security.
KYC and Limits
MEXC requires KYC (Know Your Customer) verification for all users to comply with regulatory standards. Verification levels may impact deposit and withdrawal limits.
Funding and Withdrawals
MEXC supports various payment methods for deposits and withdrawals, including bank transfers, credit/debit cards, and popular cryptocurrencies.
Mobile and Web UX
MEXC offers a user-friendly platform accessible through both a web browser and mobile applications (iOS and Android).
Risks and Responsible Trading
Cryptocurrency trading involves inherent risks, including price volatility, market manipulation, and potential for loss.
- Remember:**
- Only invest what you can afford to lose.
- Conduct thorough research before making any investment decisions.
- Start with small investments and gradually increase your exposure as you gain experience.
- First Steps Checklist:**
1. **Register here** 2. Complete KYC verification. 3. Deposit funds into your MEXC account. 4. Familiarize yourself with the platform's interface and features. 5. Start with small practice trades on the spot market.
See also (on this site)
- MEXC Exchange: Supported Cryptocurrencies
- MEXC Fees Explained: Trading and Withdrawal Costs
- MEXC Futures Trading: A Beginner's Guide
- Different Order Types on the MEXC Platform
Recommended articles
- Breakout Trading Strategy for BTC/USDT Futures: A Beginner’s Guide ( Example)
- The Role of Derivatives in Crypto Futures Trading
- Crypto Futures Trading in 2024: Essential Tips for Beginners
- Candlestick Patterns in Crypto Trading
- Bybits Unified Trading Account
Category:Crypto Exchange Overviews
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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