MEXC – a crypto exchange that provides users with a safe, efficient, and flexible trading environment. The exchange meets the needs of both individual and institutional investors. This article Crypto Trading will provide you with the concept What is MEXC? From its history, and outstanding features, to its advantages and disadvantages to help you have enough information to make the right decision.
Overview of MEXC Exchange Traders should know
To decide whether to trade on MEXC or not, you need to know about the exchange from different angles. Below is an overview, let’s find out with Crypto Trading.
What is MEXC’s History, and origin?
This Global was founded in 2018 by a group of experts in the fields of finance, technology, and blockchain. The exchange’s headquarters is located in Singapore, and to date the exchange has expanded its operations to many countries around the world such as Japan, India, Indonesia, Africa, Korea…
With continuous development, MEXC Exchange has now become one of the leading crypto exchanges. The exchange is also in the top 20 largest crypto exchanges in the world by trading volume.
Position and reputation of MEXC exchange in the market
Has received positive feedback from users regarding its safety, ease of use, and customer support. Since its inception, the exchange has continuously received many prestigious awards and recognitions, demonstrating its reliability and quality. In addition, MEXC Exchange has also established partnerships with many blockchain projects and large financial institutions. This contributes to enhancing the reputation and expanding the exchange’s ecosystem.
What is MEXC’s Outstanding feature?
Diversity of trading assets is one of the important factors that investors should consider when choosing a cryptocurrency exchange. That’s about exchanges in general, but what about exchange? What is MEXC‘s Products? MEXC Exchange currently offers more than 1500 cryptocurrencies and more than 2100 trading pairs. The exchange offers a variety of investment opportunities and trading strategies for users.
MEXC offers a variety of investment models. Including leveraged ETFs, perpetual futures, NFT indices, and more. Technology developers can access MEXC’s API to integrate data into their decentralized applications (DAPPs). Currently, MEXC has more than 7 million users worldwide, spanning over 70 countries.
MEXC has partnered with multiple third parties to provide customers with a variety of deposit options. Users can use popular payment methods such as Visa, Mastercard, bank transfer, etc. to purchase cryptocurrencies directly. In addition, cryptocurrency withdrawals are also made easy via the MEXC platform.
See more: MEXC: Open a MEXC account, invest effectively
Evaluate the safety and security of the MEXC exchange
One of the factors that helps MEXC score points with users is the use of safe security measures. Specifically, the exchange applies the following security methods:
What is MEXC’s Security measure?
MEXC applies two-factor authentication (2FA). The purpose is to enhance the security of user accounts. What is MEXC‘s 2FA authentication method? When activating 2FA, you need to provide a second layer of security code in addition to the regular password. This security code is generated from the Google Authenticator application or received via SMS. Once installed, it helps you prevent unauthorized access to your account.
Exchange MEXC Cold Wallet and Hot Wallet
MEXC exchange uses both cold and hot wallets to store users’ assets. Hot wallets are used for daily transactions, ensuring quick liquidity. Cold wallets store the majority of assets and are kept separate from the internet, minimizing the risk of attacks from hackers.
What is MEXC’s Cost and transaction fee?
When trading on this exchange, you may have to pay some fees. Please read carefully about these fees and make sure that you are willing to lose that amount. Specifically, the Broker has the following fees:
- Deposit Fees: On Exchange, deposits are free. You can easily deposit funds into your account without worrying about additional fees.
- Withdrawal Fees: Withdrawal fees on MEXC vary depending on the cryptocurrency and network you want to withdraw. Each asset on the exchange will have a different withdrawal fee. These fees are publicly listed on the exchange’s website.
- Spot trading fee: Currently for Spot trading, there is no fee for the maker and a fee of 0.100% for the taker.
- Other fees: What is MEXC’s Other fees? Applies other fees related to special services. Typically: staking, participating in Launchpad programs, or other financial activities. These fees are usually clearly detailed in the terms of use of each service.
Evaluate the quality of MEXC ‘s support portal
During the process of using services, it is inevitable that there will be times when you encounter problems. It could be about opening an account, deposit, and withdrawal transactions, or other problems. At those times, you need to contact the MEXC customer service team.
What is MEXC‘s fastest way to contact you? Through the website, you can contact us via the online chat portal. After contacting you, you will quickly receive a response from the professional support team. The support portal operates 24/7, so you can contact us whenever needed.
Most users contact support at least once. They all responded that MEXC’s customer response speed is very fast. Just a moment after contacting, there will be a support staff to solve the problem.
See more: Instructions for opening an MEXC global account
The support team not only solves technical issues. They also provide detailed instructions on how to use the features on the exchange. Users will receive enthusiastic and professional support, helping them feel secure when using MEXC services.
Epilogue
Through the above article on Crypto Trading, you must have seen What is MEXC‘s outstanding advantage. At the same time, you can have an overview of what kind of exchange MEXC is. Hopefully, it will be a reliable friend on your path to discovering and investing in crypto!
Frequently Asked Questions?
What is MEXC and how does it work?
The Global is a crypto exchange with a presence in many countries. The exchange allows users to buy, sell, and trade different cryptocurrencies. You can register an account, deposit funds, participate in transactions, manage your account…
What are the transaction fees on this exchange that users have to pay?
Trading fees on Global are typically 0.2% per trade. However, there may be variations in these fees depending on the asset type.
Does MEXC Global have customer support?
Yes, The Global offers 24/7 customer support. You can contact the exchange through various contact channels. However, for the fastest response, contact us via the online chat portal.
