MEXC is a centralized exchange focused on connecting different exchanges and operates on the Ethereum blockchain. It uses smart contracts for digital asset trading and offers several trading options such as spot, futures, and margin trading. MEXC stands for “Multi-Exchange Community” and aims to provide a comprehensive cryptocurrency trading experience with advanced analytics and real-time data for users. Users can deposit various cryptocurrencies into their MEXC wallets and trade them on the platform, benefiting from transaction transparency and security due to the underlying Ethereum blockchain technology.
As a centralized exchange, MEXC allows users to maintain control over their funds by owning private keys. This setup eliminates intermediaries, reducing costs and enhancing security. Additionally, MEXC features liquidity pools and automated market makers (AMMs) to ensure sufficient trading liquidity, facilitating peer-to-peer trading without the conventional order book system.
MEXC Launchpad is a fundraising initiative that lets users invest in new project tokens at lower costs. Only MX token holders can participate by holding specific amounts of MX tokens. The Launchpad process consists of a snapshot period where MEXC tracks users’ MX holdings, a subscription period for committing MX tokens to new projects, a token distribution period, and a trading period for newly acquired tokens.
MX DeFi is another offering from MEXC, allowing users to stake their MX or other project tokens for high yields. The staked tokens are used in decentralized finance (DeFi) protocols, and returns are given to stakers. Additionally, MEXC holds New M-Day events, enabling users to purchase newly launched tokens through a lucky draw. Participants can earn entries by inviting friends or trading specific cryptocurrencies on the platform.
Futures trading on MEXC involves agreements between buyers and sellers to trade assets at set prices in the future. Users can profit by predicting price movements, employing strategies like hedging or arbitrage. MEXC supports over 100 futures trading pairs, but new users should understand the risks, as futures trading can be complex. Users can leverage their capital up to 125 times, facilitating opportunities to optimize returns but also come with increased risk.
MEXC Kickstarter is a program that rewards participants through MX token commitments. Those who get involved can earn tokens from new projects via free airdrops and can enjoy high annual percentage yields (APY), sometimes exceeding 70%.
MEXC’s airdrop events are part of its Launchpad and Kickstarter initiatives, and they’ve conducted over 1,000 events with numerous free airdrops. Weekly events have seen APYs above 100%, with substantial prize pools. Users can qualify for these airdrops by holding a minimum amount of MX tokens in their spot wallet.
MX is MEXC’s native digital asset, created on the Ethereum blockchain. It serves as a bridge for users and developers within the ecosystem, aiming to ensure secure and stable trading experiences while engaging users effectively. The high-performance trading engine can process 1. 4 million transactions per second, providing robust support for more than 1,400 trading pairs and various cryptocurrencies, including major assets like BTC and ETH.
On March 15, 2024, Hong Kong’s Securities and Futures Commission (SFC) included MEXC on its warning list for promoting services to investors in Hong Kong without the appropriate licensing. The SFC highlighted that operating as a virtual asset exchange without a license is illegal under local regulations. It warned investors about the risks of trading on unregulated platforms, especially regarding the potential for losing investments.
MEXC has forged several partnerships with various organizations, including Hourglass, Block Beat Network, and the TON Foundation. Notably, in May 2023, MEXC Global set up a $150 million development fund for Fetch. ai, a platform utilizing machine learning technology. Furthermore, in October 2023, MEXC Ventures made a significant investment in The Open Network (TON) and collaborated with the TON Foundation, offering marketing services and developing a TON collateral lending service.
Which country is MEXC exchange located?
Where is MEXC headquartered? MEXC is headquartered in Victoria, Seychelles.
Is MEXC safe for trading?
Security Assurance: Since its establishment, MEXC has never experienced a major security incident and provides various security measures to protect user assets. Account Security: Offers 2FA, including Google authentication, email, and phone number verification.
Does MEXC need KYC to withdraw?
If you complete Primary KYC, you can withdraw up to 80 BTC within 24 hours. With Advanced KYC, this limit increases to 200 BTC, and you gain access to more advanced features like OTC trading. MEXC accepts passports, driver’s licenses, and ID cards for verification.
Who is the owner of MEXC?
Person attributes. John Chen is the CEO of centralized cryptocurrency exchange MEXC Global.
Which countries accept MEXC?
Additionally, users can access market simulations, grid trading, and staking services. The MEXC cryptocurrency exchange is available in more than 70 countries. It has received licenses to operate and passed jurisdictions in Estonia, Australia, Switzerland, Canada, and the US. The platform offers more than 1,500 assets.
How old is MEXC exchange?
Launched in April 2018, MEXC is a centralized cryptocurrency exchange registered in Seychelles.
Can I trade on MEXC without KYC?
Best non KYC crypto exchange for trading options
MexC, founded in 2018 and headquartered in Seychelles, offers users initial access to its platform without requiring KYC. However, it’s worth noting that KYC becomes mandatory for specific transaction types, including crypto-to-crypto and derivatives trades.
Can you withdraw money from MEXC?
1) On the official MEXC website, click on [Wallets] on the top right corner, and select [Withdraw]. 2) Select the [Crypto] you want to withdraw, enter the [Withdrawal Address], choose the [Network], and fill in the [Amount]. After verifying the information, click [Submit].
Is MEXC licensed?
In March 2024, Hong Kong’s Securities and Futures Commission said MEXC was operating without a license.
What is the maximum withdrawal limit on MEXC?
2022), in BTC terms, MEXC allows you to withdraw up to 80 BTC with a Primary KYC account, 200 BTC with an Advanced KYC account, and 400 BTC if you have an Institutional level account. Visit the official MEXC deposit/withdrawal fees page to get more information.
Is MEXC allowed in the USA?
MEXC is not available in the US.
It is also not available in North Korea, Cuba, Sudan, Syria, Iran, Crimea, Mainland China, Indonesia, Singapore, Venezuela, the United Kingdom, and Canada. However, traders from over 170 countries can access the platform, which is an aspect often boasted in user MEXC reviews.
How big is MEXC exchange?
Currently, MEXC caters to more than 10 million users in more than 170 countries and regions around the world and we have just started.
Where are MEXC servers located?
In the interest of strengthening security and ensuring optimal data integrity, our server clusters are hosted independently in Singapore and Korea.
Is MEXC allowed in Germany?
BaFin has information that the company is offering financial services on its website mexc.com without the required authorisation. Financial services may only be offered in Germany if the company providing these services has the necessary authorisation from BaFin to do this.
Does MEXC require verification?
When it comes to KYC, MEXC does have KYC, but it isn’t mandatory. There are three different account tiers on MEXC: unverified, primary KYC, and verified plus. For unverified users, you’ll have withdrawal limits of 5 BTC per 24 hours.
What countries use MEXC?
MEXC has obtained official licenses to operate in various countries, including the USA, Canada, Switzerland, and Australia.
How many users does MEXC exchange have?
10 million users
The team at MEXC is one of the first movers and pioneers of financial and blockchain technology. Currently, MEXC caters to more than 10 million users in over 170 countries and regions around the world, and we have just started.
What was the former name of MEXC?
MXC Exchange Rebrands to MEXC Global As Part of Its Globalization Strategy. SINGAPORE, June 10, 2021 (GLOBE NEWSWIRE) — On June 8, Singapore Standard Time, the MXC Exchange officially rebranded to MEXC Global. The brand upgrade is a vital part of the exchange’s strategy to reach global adoption.
Is MEXC allowed in Dubai?
MEXC is one of the most popular low-fee crypto exchanges in UAE and Dubai with a strong user base of over 10 million.
Can I withdraw from MEXC to my bank account?
The process involves six steps: choosing a crypto exchange, creating an account, verifying your account, sending crypto from MEXC to the new exchange, selling crypto for fiat currency, and withdrawing the money to your bank account. Kraken is recommended as a user-friendly and secure crypto exchange for this process.
Does MEXC have a trading bot?
Trading Bot For MEXC. A revolutionary, cutting-edge MEXC trading bot from Altrady empowers crypto traders with the tools they need to optimize their strategies, capitalize on market movements, and maximize profits.
Does MEXC have a trading bot?
Trading Bot For MEXC. A revolutionary, cutting-edge MEXC trading bot from Altrady empowers crypto traders with the tools they need to optimize their strategies, capitalize on market movements, and maximize profits.
How do I stop loss in MEXC?
On the MEXC Futures trading platform, you can set stop-loss conditions according to your risk preferences, trading strategies, and market conditions: usually in the form of price or percentage settings. You can also manually execute stop-loss orders to close positions and limit losses.
Does MEXC require ID?
Document types supported on MEXC: ✅ ID card ✅ Passport ✅ Driver’s license. Document types not supported on MEXC: ❌ Residence permit. Please provide a valid, unexpired government-issued document.
Does MEXC use KYC?
MEXC has three levels of Know Your Customer (KYC) verification, and each one has its benefits and requirements. For Level 1 (Basic), you have to verify your email address and phone number. This level gives you basic trading functions with limits on withdrawals.
Can the UK use MEXC?
Known for advanced trading features and 0% fees for spot trading, it is ideal for serious traders. However, MEXC offers limited native fiat options, relying on third-party services like Banxa, Moonpay, and Mercuryo, which are unavailable in the UK.
Where is MEXC restricted?
That said, MEXC isn’t available everywhere.
These restricted countries include: North Korea, Cuba, Sudan, Syria, Hong Kong, Iran, Mainland China, Singapore, the US, the UK, Canada, Sevastopol and Russian-controlled regions of Ukraine (Crimea, Donetsk, and Luhansk).
How much does MEXC charge per transaction?
The spot trading fee rates on the MEXC platform are 0.05% for makers and 0.05% for takers. A maker is an order that does not have a corresponding order in the market to match, and needs to wait for the order before being filled.
Why are my assets frozen on MEXC?
If you place limit orders or similar types of orders in spot or futures trading, your assets will be temporarily frozen, and the frozen assets cannot be used again. If you want to use the frozen assets, go to the trading page, find the corresponding order, and cancel it to unfreeze the assets.
Can I trade on MEXC without KYC?
Best non KYC crypto exchange for trading options
MexC, founded in 2018 and headquartered in Seychelles, offers users initial access to its platform without requiring KYC. However, it’s worth noting that KYC becomes mandatory for specific transaction types, including crypto-to-crypto and derivatives trades.
Where is MEXC located?
Victoria, Seychelles
Where is MEXC headquartered? MEXC is headquartered in Victoria, Seychelles.
