In this article, we will examine the MEXC Cryptocurrency Exchange in detail. Technical information, exchange features, commission fees, pros and cons are all in this article.
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Introduction
The first Blockchain technology was conceptualized in 2008 by a person or group of people known as Satoshi Nakamoto. Later, Nakamoto invented Bitcoin. We can think of this as the beginning of a new money revolution. The beginning of the digital money revolution.
Since the invention of Bitcoin, “Cryptocurrency and Blockchain” technology has developed and spread to the world and Cryptocurrencies have begun to be used. Accordingly, after Bitcoin, which played the role of the main cryptocurrency, "Alternative Coins" called Altcoins were produced and offered to people. Bitcoin and the cryptocurrencies we call Altcoins are now offered everywhere and easily accessible to everyone, and their numbers have exceeded tens of thousands.
Cryptocurrencies are used by millions of people in the world in buying and selling transactions. In addition, hundreds of thousands of parity buying and selling transactions are made in the exchanges every second. The platform where cryptocurrencies are bought and sold is called "Cryptocurrency Exchange".
The most important among cryptocurrency exchanges are CEX (Centralized Exchange) that is "Central Cryptocurrency Exchanges". There are hundreds of CEX exchanges operating in the cryptocurrency ecosystem and in connection with it. One of these exchanges is the MEXC cryptocurrency exchange.
In this article, we will examine the MEXC cryptocurrency exchange.
MEXC Exchange Technical Information
Exchange Name: MEXC Cryptocurrency Exchange
Sector: CEX (Centralized Exchange)
Official Website:
https://www.mexc.com/tr-TR
Exchange Token: Yes, there is. MX Token
Number of Listed Coins: More than 1600
Average Weekly Visitors: Average 1 Million People
24-Hour Trading Volume: Average $500 Million
What is MEXC?
Founded in 2018, MEXC Global is a centralized exchange that uses high-performance and massive number of order matching engine technology. The platform is managed by a professional team with rich experience in the financial sector and Blockchain technology.
The exchange also offers Spot trading, Margin trading and Futures trading. Within the exchange MEXC Launchpad, MEXC Kickstarter, MEXC DeFi and MEXC M-Day is also organized in events like.
Currently, MEXC Global has approximately 6 million users in more than 70 countries worldwide. This great achievement has been a significant milestone. With these achievements, MEXC Global aims to be the first choice platform for both new and experienced investors in their financial journey.
Which Country Does the MEXC Exchange Belong To?
The MEXC exchange, established in 2018, is registered in the country of Seychelles. The exchange, which used the brand name MXC when it was first established, later changed its brand name to MEXC.
The MEXC exchange has increased its visibility across continents and expanded its area of authority by obtaining important licenses in three countries, Australia, Estonia and the United States. MEXC Global offers localized language support so that investors from different countries can easily trade.
Note: MEXC Global uses a high-performance trading matching engine developed by experts from the banking industry, capable of completing 1.4 million transactions per second, greatly improving efficiency and performance. {alertSuccess}
As MEXC Global, our servers are independently located in many countries to ensure data integrity and security, as user security is our top priority.
MEXC has become a shareholder in the global digital asset trading market within 1 year. Recently, in 2021, MEXC was awarded the title of "Best Crypto Exchange in Asia" by Cripto Expo Dubai, adding another to the MEXC team's impressive list of achievements.
What are the Features of the MEXC Exchange?
High Liquidity and Number of Altcoins: MEXC has a large liquidity pool where you can trade the most popular cryptocurrencies as well as rare Altcoins. This allows you to trade quickly and easily.
User-Friendly Interface: MEXC's simple and user-friendly interface is ideal for both beginners and experienced traders. You can easily explore the platform, implement your trading strategies, and manage your portfolio.
Advanced Trading Tools: MEXC offers advanced trading tools for professional traders. You can implement more complex trading strategies with features such as Spot trading, Margin trading, Futures trading, and stop-limit orders.
Global User Base: MEXC is a platform that brings together users from all over the world. You can explore different strategies and knowledge sharing while connecting to a global community.
Trading Engine: MEXC uses an advanced trading engine to trade at high speed. This trading engine provides users with a fast and efficient trading experience.
Order Types: MEXC offers users different order types. These include various options such as market order, limit order, stop order, top-limit order, and OCO order. Users can implement their trading strategies by selecting the order type according to their preferences.
API Support: MEXC offers API (Application Programming Interface) support. This allows developers to create their own trading bots or integrate the platform with other applications.
Volume and Liquidity: MEXC is a high-volume and liquid exchange. This allows users to trade easily and promotes price stability.
Membership Benefits: MEXC offers a program called "MEXC VIP" that offers membership benefits to its users. In this program, users can gain certain benefits by using the MX token.
Is MEXC Exchange Trustworthy?
MEXC is an exchange that cares about security. It uses advanced security measures to protect users' assets. These include methods such as two-factor authentication (2FA), IP address whitelisting, and cold wallet storage.
MEXC places great importance on security measures to protect its users' assets. Features such as cold wallet storage, two-factor authentication (2FA), and security audits provide a secure trading experience.
Does MEXC require KYC?
KYC, or Identity Verification, is not mandatory on the MEXC exchange. Users can make deposits and withdrawals within the limits set by the exchange. However, KYC is mandatory for participation in exchange-based events such as MEXC Launchpad or MEXC Kickstarter.
How Much Commission Does the MEXC Exchange Charge?
Fiat and cryptocurrency deposit transactions are free on the exchange. Withdrawal transaction fees vary depending on the fiat and cryptocurrency and the blockchain network used.
Spot and futures trading are available on the MEXC exchange. Within the scope of the campaign the exchange has made, the commission for spot transactions is 0% for Market Maker and Market Taker. In futures transactions, it charges 0% for market makers and 0.03% for market takers. Again, within the scope of the campaign on the MEXC exchange, if the user holds 1000 MX coins in his account, he benefits from a 50% discount and pays a 0.015% commission fee in the Market Taker role.
The latest commission fees are as follows:
Spot Transactions Commission Fees
Market Maker: 0%
Market Taker: 0%
Futures Transactions Commission Fees
Market Maker: 0%
Market Taker: 0.01% (User with 1000 MX coins in their account 0.009%)
How Does the MEXC Referral Program Work?
The codes that allow you to earn discounts on your purchases and sales transactions at certain rates and also receive gifts are called "Referral Codes or Invitation Codes" before registering to cryptocurrency exchanges.
Before registering on the MEXC cryptocurrency exchange, you must have a "Reference Code or Invitation Code" in order to earn discounts and receive your gifts on your purchases and sales transactions. In other words, you need this code. The reference program on the MEXC cryptocurrency exchange is also based on this foundation and works on this foundation.
What are the Benefits of Using a MEXC Reference Code?
If you register without any Reference Code, you cannot benefit from commission discounts on purchases and sales transactions, cashback, i.e. cash money rewards given at certain rates for your transactions, and some advantages and gifts.
If you use a Reference Code, you will earn commission discounts, cashback, i.e. cash money rewards, some advantages and gifts. With these features, new users who will register on cryptocurrency exchanges look for a Reference Code.
If you register without a Reference Code, you can no longer add a Reference Code after registration. So before you register, do not forget to find and add the best referral codes for you. {alertWarning}
The important thing here is to find the best and real Referral Code. As the "Referral Brotherhood" platform, due to our partnership with cryptocurrency exchanges and our philosophy, we try to pay attention to 3 main rules in sharing Referral Codes. Sharing the best, real and shared referral codes.
To use the Referral Brotherhood MEXC Referral Code, when registering, type "Invitation Code" or click on the registration link below.
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What are the Pros and Cons of MEXC Exchange?
Pros
Wide Range of Products: MEXC Exchange has listed and supports over 1000 cryptocurrencies. Users can trade a wide range of cryptocurrencies, over a thousand of them. Also, new cryptocurrency projects are listed on the exchange very frequently.
Competitive Trading Fees: Investors pay zero commission for spot trading on the MEXC Exchange. Futures market maker commission rates are also zero. The exchange offers very competitive trading fees. This allows users to trade at lower costs and enjoy the exchange.
Security and Reliability: Security and reliability are the most important factors for an exchange. The MEXC Exchange has implemented various security measures to protect user funds and keeps these security measures up to date. These measures include two-factor authentication, cold storage, and regular audits to detect security vulnerabilities. Security measures are always offered in the most up-to-date form within the exchange.
Number of Users: The exchange has been performing very well in terms of the number of new users with its incredible rise in recent years. The increase in the number of users increases volume and liquidity.
Cons
User Support: MEXC Exchange's user support is considered insufficient by some users. The lack of live customer support is one of the most common complaints.
Competition: MEXC Exchange competes with other cryptocurrency exchanges. This can make it difficult for MEXC Exchange to increase its user base and market share. This can mean a decrease in liquidity. Despite this, the performance in increasing the number of new users in recent years has been extremely high.
If you liked this article, you can also read the article How to Deposit Money into MEXC Exchange? {alertSuccess}
Summary, Conclusion and Analysis
In conclusion, MEXC Exchange is a reliable cryptocurrency exchange that holds thousands of cryptocurrencies, offers cryptocurrency services and gains user satisfaction with competitive transaction fees. However, it needs improvement in some areas such as user support and new cryptocurrency listing process.
We, as the Referral Brotherhood platform, have been using MEXC exchange for more than 3 years and find it quite successful.
The exchange creates a very competitive and useful environment with its exchange token, MX coin. The exchange is quite successful with events such as MEXC Launchpad and MEXC Kickstarter.
It seems to be a good option for investors who determine different approaches to market conditions such as Futures, Demo and Copy trading on the exchange.
MEXC Exchange Analysis Points
| Category | Score | Description | |
|---|---|---|---|
| Reliability | 4,5 | It is quite reliable and safe. | |
| Ease of Use | 4,5 | Easy to use and user friendly. | |
| Commission Rates and Fees | 5 | Commission rates and withdrawal fees are low. | |
| Product Variety | 5 | Thousands of cryptocurrencies and dozens of products. | |
| Overall Score | 5 | Undisputedly one of the top 3 cryptocurrency exchanges. | |
To Support the Referral Brotherhood Platform Register on Binance Exchange with the Referral Code GTKTSIOD {alertSuccess}
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