Understanding Order Types on MEXC

MEXC is a centralized cryptocurrency exchange that offers a wide range of trading options, including spot and futures markets. This guide provides a beginner-friendly overview of MEXC, covering key features, order types, security practices, and more.

Core Features

**Spot Market:** The spot market on MEXC allows users to buy and sell cryptocurrencies at their current market price.
**Futures Market:** MEXC offers futures contracts, allowing traders to speculate on the future price of cryptocurrencies.
**Order Types:** MEXC provides various order types to suit different trading strategies.

**Liquidity and Markets:** MEXC boasts a robust order book with high liquidity across a wide range of trading pairs.

Supported Assets

MEXC supports trading in a diverse range of cryptocurrencies, including popular coins like Bitcoin (BTC), Ethereum (ETH), and many altcoins.

Spot Trading Basics

In the Spot market, you buy and sell crypto assets at their current market price.

**Market Order:** A Market order is executed immediately at the best available price.
**Limit Order:** A Limit order lets you specify a desired price at which you want to buy or sell.

Futures Trading Basics

A Futures contract is an agreement to buy or sell a specific asset at a predetermined price and date in the future.

**Understanding Open Interest in Crypto Futures: A Key to Gauging Market Sentiment and Liquidity:**

Understanding Open Interest in Crypto Futures: A Key to Gauging Market Sentiment and Liquidity

**Understanding Initial Margin in Crypto Futures: Essential for NFT Traders:**

Understanding Initial Margin in Crypto Futures: Essential for NFT Traders

**Understanding the Role of Futures in Global Bond Markets:**

Understanding the Role of Futures in Global Bond Markets

Order Types

**Market Order:** A market order is executed immediately at the best available price.

**Limit Order:** A limit order allows you to set a specific price at which you want to buy or sell.

**Stop-Limit Order:** A stop-limit order combines a stop order with a limit order.

**Trailing Stop Order:** A trailing stop order automatically adjusts your stop price as the market moves in your favor.

Liquidity and Markets

MEXC has a deep and liquid order book, which means there are many buyers and sellers at various price points. This ensures that orders are typically filled quickly and efficiently.

Security Practices

MEXC prioritizes security and employs several measures to protect user funds, including:

**Two-factor authentication (2FA):**

**Cold storage for the majority of funds.**
**Regular security audits.**

KYC and Limits

MEXC requires users to complete Know Your Customer (KYC) verification to comply with regulations and prevent financial crimes. Trading limits may vary depending on verification level.

Funding and Withdrawals

MEXC supports various payment methods for deposits and withdrawals, including bank transfers, credit/debit cards, and cryptocurrencies.

Mobile and Web UX

MEXC offers a user-friendly platform accessible through both web and mobile applications. The interface is intuitive and provides real-time market data, charts, and order management tools.

First Steps Checklist

1. **Register:** Sign up for an account on MEXC: Register here 2. **Complete KYC:** Verify your identity to unlock full account features. 3. **Fund your account:** Deposit funds using your preferred payment method. 4. **Explore the platform:** Familiarize yourself with the interface, order types, and available markets. 5. **Start trading:** Begin with small trades and gradually increase your exposure as you gain experience.

Fees

MEXC charges trading fees for both spot and futures transactions. Specific fee schedules can be found on the MEXC website.

Risks and Responsible Trading

Trading cryptocurrencies involves inherent risks, including price volatility and the potential for loss. It's crucial to:

**Conduct thorough research:** Understand the risks associated with each cryptocurrency before investing.

**Start small:** Begin with a small investment amount that you're comfortable potentially losing.

**Diversify your portfolio:** Don't put all your eggs in one basket. Spread your investments across different assets.

**Set stop-loss orders:** Use stop-loss orders to limit potential losses.

**Trade responsibly:** Avoid emotional decision-making and stick to your trading plan.

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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Understanding Order Types on MEXC

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