In this article, we will explain how to get a 50% commission discount on Spot and Futures transactions with the MEXC exchange token MX coin.
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What is Centralized Exchange (CEX) Token?
Centralized Exchange (CEX) Token is the exchange and governance token of any cryptocurrency exchange. With these tokens, you can access many activities on the exchange such as commission discounts, voting, earning rewards with staking, and earning airdrops with launchpool and similar projects.
What is MX Coin?
MX Coin; Tokens of the MEXC cryptocurrency exchange. The maximum amount of MX coin running on the Ethereum blockchain is one billion.
How to Get Commission Discount with MX Coin?
To get a discount with MX coin, you must first open a MEXC account.
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After opening a MEXC account, complete the "Advanced KYC Verification" and download the MEXC mobile application to your mobile phone.
How to Get 50% Commission Discount with MX Coin with Step by Step Instructions?
Existing MEXC users can get a 20% discount on trading fees when using MX tokens in Spot and USDT-M perpetual futures transactions. To get the discount, all you need to do is hold MX tokens in your spot and futures wallets and activate the discount.
To be eligible for the 50% commission discount, if you hold 500 or more MX tokens in your spot account in the last 24 hours, you can enjoy a 50% discount on both spot and futures fees.
Spot Trading: When the MX Deduction feature is enabled, you can enjoy a 20% discount on spot trading fees on MEXC. If your current MX balance is not enough to cover the trading fees, the system will revert to the platform's standard fee rate. If you have held 500 or more MX in your spot account in the last 24 hours, you can enjoy a 50% trading fee discount.
Futures Trading: After transferring MX to your futures account, the MX Deduction feature will be enabled. The commission fees deducted by the exchange from your USDT-M futures transactions are compensated using MX and a 20% transaction fee discount is provided. When your MX balance is depleted, the feature is disabled, please note.
Now let's start explaining step by step how to get 50% commission discount on Spot and Futures transactions with MX token.
Step 1:Before you can receive the discounts, complete the "Advanced KYC Verification" and fund your account (USDT, TRX, etc.) and receive MX tokens.Then open your MEXC application and click on the "human icon" in the upper left corner.
Step 2:On the page that opens, click on "Fee Settings".
Step 3:Click on "Get up to a 50% trading fee discount" in the Spot section. After clicking the "Enable Now" button and selecting "Enable", the 50% commission discount will be active. Remember that you must have 500 or more MX tokens in your Spot wallet.
Step 4:Now let's talk about Futures trading. Click on "Get up to a 50% trading fee discount" in the Futures section. Send 500 or more MX tokens from your spot wallet to your Futures wallet. Then click the "Enable Now" button and the 50% commission discount will be active.
It's that easy to get 50% discount on Spot and Futures transactions with the MEXC exchange token MX. Thank you for reading our article.
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