MEXC Trading Fees Explained Simply
MEXC Trading Fees Explained Simply
MEXC (formerly MEX Global) is a centralized cryptocurrency exchange that offers a wide range of trading services, including spot trading, derivatives, and various investment products. This overview explains the core features and fee structure for beginners looking to use the platform.
Core MEXC Features
MEXC is known for supporting a large number of tokens, often listing new projects early. Key features include:
- Spot Trading: Buying and selling cryptocurrencies directly for immediate delivery.
- Derivatives Trading: Offering futures contracts, including perpetual swaps.
- Staking and Earning: Various options for passive income on held assets.
- High Trading Volume: Generally maintains good liquidity across major pairs.
To begin trading, you can Register here.
MEXC Trading Fees Structure
MEXC employs a tiered fee structure based on trading volume and the amount of the exchange's native token, MX, held by the user. Fees are categorized into Maker and Taker fees.
- Maker: Places an order that is not immediately matched (adds liquidity to the Order book).
- Taker: Places an order that is immediately matched against existing orders (removes liquidity).
The base fee tier usually starts at 0.20% for both Maker and Taker in the Spot market. Holding MX tokens grants significant fee discounts.
Example Fee Table (Illustrative Base Tiers)
| Tier | 30-Day Volume (USDT) | MX Holding | Spot Maker Fee | Spot Taker Fee |
|---|---|---|---|---|
| VIP 0 | Less than 1,000,000 | 0 | 0.020% | 0.020% |
| VIP 1 | 1,000,000+ | 1,000+ | 0.018% | 0.018% |
Note: Futures trading fees are generally lower than spot fees, often starting around 0.02% Maker and 0.05% Taker for the base tier. Always check the current fee schedule on the official MEXC website.
Supported Assets and Markets
MEXC supports trading for hundreds of cryptocurrencies. The platform primarily focuses on major assets like Bitcoin and Ethereum, but is also known for listing numerous smaller-cap altcoins.
- Spot market: Direct crypto-to-crypto trading pairs (e.g., BTC/USDT).
- Futures contract: Derivatives markets, usually involving leverage, allowing users to speculate on the future price of an asset. Understanding the basics of futures trading is crucial before engaging in these markets.
Order Types Available
MEXC supports standard order types necessary for active trading.
- Limit order: An order set to execute only at a specified price or better.
- Market order: An order to buy or sell immediately at the best available current price.
- Stop-Limit/Stop-Loss Orders: Used primarily in futures but sometimes available in spot for risk management.
For advanced trading strategies, concepts like Breakout Trading or utilizing methodologies like Elliott Wave Theory can be applied, especially in the derivatives section.
Security Practices
Like all centralized exchanges, MEXC implements several security measures:
- Two-Factor Authentication (2FA): Highly recommended for all accounts.
- Cold Storage: A significant portion of user assets is kept offline.
- Withdrawal Limits and Whitelisting: Tools to control asset movement.
KYC and Trading Limits
MEXC usually offers reduced functionality or lower withdrawal limits for users who have not completed Know Your Customer (KYC) verification. Completing KYC typically increases daily withdrawal capacities. Limits vary based on the verification level achieved.
Funding and Withdrawals
Users fund their accounts via cryptocurrency deposits (network dependent) or sometimes via fiat on-ramps (availability varies by region).
- Deposits: Generally free, though network transaction fees apply.
- Withdrawals: MEXC charges a network withdrawal fee, which is variable based on current network congestion for the specific cryptocurrency.
User Experience (UX)
MEXC provides both a web interface and dedicated mobile applications (iOS and Android). The platform is generally considered feature-rich, though the sheer number of options can sometimes feel complex for absolute beginners compared to simpler platforms.
Risks and Responsible Trading
Trading cryptocurrencies, especially on margin via futures, involves substantial risk due to high volatility. Users should only trade with capital they can afford to lose. It is important to research extensively, perhaps starting with guides on crypto trading strategies, before committing significant funds.
First Steps Checklist
1. Register here and complete necessary identity verification (KYC). 2. Enable Two-Factor Authentication (2FA). 3. Deposit a small amount of cryptocurrency (e.g., USDT) to test the process. 4. Familiarize yourself with the Spot market interface. 5. Place a small Market order or Limit order to understand execution mechanics before trading larger sums.
See also (on this site)
- Exploring MEXC Supported Cryptocurrencies
- Spot Trading Basics on MEXC Platform
- Understanding MEXC Futures Contracts
- Placing Your First MEXC Market Order
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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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