Supported Cryptocurrencies on MEXC: Difference between revisions
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Supported Cryptocurrencies on MEXC
MEXC is a centralized cryptocurrency exchange that offers a wide range of digital assets for trading. This article provides a beginner-friendly overview of MEXC, covering its core features, supported assets, trading options, fees, security practices, and more.
Core Features
- **Spot Market:** MEXC offers a robust Spot market where users can buy and sell cryptocurrencies at the current market price.
- **Futures Trading:** MEXC also provides access to Futures contract trading, allowing users to speculate on the future price of cryptocurrencies.
- **Variety of Order Types:** MEXC supports various order types, including Limit orders, Market orders, and more, to suit different trading strategies.
- **High Liquidity:** MEXC boasts high liquidity across its markets, ensuring smooth and efficient trading.
- **User-Friendly Interface:** MEXC offers a user-friendly interface accessible through both web and mobile platforms.
Supported Assets
MEXC supports a wide range of cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), and many altcoins. The exact list of supported assets can vary and may be subject to change.
- Example Table:**
| Cryptocurrency | Symbol |
|---|---|
| Bitcoin | BTC |
For the most up-to-date list of supported cryptocurrencies, it's recommended to check the MEXC website or app.
Spot Trading Basics
On the Spot market, users can buy and sell cryptocurrencies at the prevailing market price. This is a straightforward way to enter the cryptocurrency market and potentially profit from price fluctuations.
Futures Trading Basics
Futures contracts are agreements to buy or sell a specific cryptocurrency at a predetermined price and date in the future. Futures trading allows for leveraged positions, magnifying potential profits (and losses).
For more detailed information on futures trading, please refer to:
Order Types
MEXC supports various order types to cater to different trading strategies:
- **Limit Order:** A limit order allows you to buy or sell at a specific price or better.
- **Market Order:** A market order executes immediately at the best available price.
- **Stop-Limit Order:** A stop-limit order combines a stop order with a limit order, allowing you to set a price trigger and a limit price.
- **Other Order Types:** MEXC may offer additional order types depending on the specific market and trading pair.
Liquidity and Markets
MEXC generally has good liquidity across its major markets, which means orders are typically filled quickly and efficiently.
The platform offers a variety of markets, including:
- **BTC Markets:** Trading pairs involving Bitcoin.
- **ETH Markets:** Trading pairs involving Ethereum.
- **Altcoin Markets:** Trading pairs involving various altcoins.
Security Practices
MEXC implements several security measures to protect user funds and data, including:
- **Two-Factor Authentication (2FA):** This adds an extra layer of security by requiring a second verification code in addition to your password.
- **Cold Storage:** A significant portion of user funds are stored in cold storage, which is offline and less vulnerable to hacking attempts.
- **KYC/AML Compliance:** MEXC adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to prevent financial crimes.
KYC/Limits
MEXC requires users to complete KYC verification to comply with regulations and enhance security. The KYC process typically involves providing identification documents and proof of address.
Trading limits may vary depending on the user's verification level.
Funding and Withdrawals
MEXC supports various funding and withdrawal methods, including:
- Cryptocurrency deposits and withdrawals.
- Bank transfers (in some regions).
Specific deposit and withdrawal options may vary depending on your location and the cryptocurrency being traded.
Mobile and Web UX
MEXC offers a user-friendly interface both on its website and mobile app.
The mobile app provides convenient access to trading features on the go.
Risks and Responsible Trading
Trading cryptocurrencies involves inherent risks, including price volatility, market manipulation, and security vulnerabilities.
It's crucial to practice responsible trading by:
- **Only investing what you can afford to lose.**
- **Conducting thorough research before investing in any cryptocurrency.**
- **Using stop-loss orders to limit potential losses.**
- **Staying informed about market trends and news.**
For more information about responsible trading, please refer to the "Recommended articles" section below.
First Steps Checklist
1. **Register for an account:** Register here 2. **Complete KYC verification:** Follow the platform's instructions to verify your identity. 3. **Fund your account:** Deposit cryptocurrency or fiat currency (if available). 4. **Familiarize yourself with the platform:** Explore the interface, order types, and market data. 5. **Start with small trades:** Begin with practice trades or small investments to gain experience. 6. **Monitor your positions:** Keep track of your trades and adjust as needed.
See also (on this site)
- MEXC Exchange: Spot Trading Explained
- MEXC Futures Trading: A Beginner's Guide
- Understanding Order Types on MEXC
- MEXC Fees: Trading and Withdrawal Costs
Recommended articles
- Bybit Supported Assets
- How to Trade Futures on Cryptocurrencies
- News about cryptocurrencies
- Step-by-Step Guide to Trading Cryptocurrencies Safely for Beginners
- Step-by-Step Guide to Trading Cryptocurrencies Safely on Top Platforms
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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