MEXC Fee Structure for New Users
MEXC Fee Structure for New Users
MEXC is a global cryptocurrency exchange that offers spot trading, derivatives trading (including futures), and various other crypto services. This overview is designed to introduce new users to the platform's core features and fee structure. New users can begin their journey by visiting the exchange or choosing to Register here.
Core Platform Features
MEXC provides a comprehensive suite of tools catering to both beginner and experienced traders.
- Spot Trading: Trading various cryptocurrencies directly against others (e.g., BTC/USDT).
- Derivatives Trading: Offers perpetual futures contracts allowing leveraged trading.
- Staking and Earning: Options for users to earn passive income on held assets.
- M-Day: Periodic trading competitions and events.
Fee Structure for New Users
MEXC generally employs a tiered fee structure based on trading volume and the user's holdings of the exchange's native token (MX). For new users, the standard fee schedule usually applies until higher trading tiers are reached. Fees are charged as a percentage of the trade value.
The standard fee structure for spot trading often follows a Maker/Taker model:
| User Tier | Maker Fee | Taker Fee |
|---|---|---|
| New/Standard User | 0.20% | 0.20% |
| Higher Tiers | Lower rates | Lower rates |
Note that futures trading fees are typically lower than spot trading fees, and users holding MX tokens often receive discounts on trading fees.
Supported Assets and Markets
MEXC supports a vast array of digital assets, including major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), alongside thousands of smaller-cap tokens.
- Spot Market: This market facilitates direct asset exchanges. Users can browse the Order book to see active buy and sell orders.
- Futures Market: Primarily focused on perpetual futures, allowing traders to go long or short with leverage.
Order Types Available
To execute trades effectively in the Spot market, users must understand the available order types:
- Limit Order: An order to buy or sell an asset at a specific price or better.
- Market Order: An order to execute immediately at the best available current price.
- Stop Orders: Used for risk management, such as stop-limit or stop-market orders.
Liquidity and Market Depth
Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. MEXC maintains significant liquidity across its major trading pairs due to its large user base. Deeper liquidity generally means tighter spreads and easier execution, especially for large trades. Users can assess market depth by viewing the Order book.
Security Practices
Exchanges implement several security measures to protect user funds and data. MEXC typically employs:
- Two-Factor Authentication (2FA).
- Cold storage for the majority of client assets.
- Anti-phishing codes.
Users are responsible for securing their accounts using strong passwords and enabling 2FA.
KYC, Limits, and Verification
KYC (Know Your Customer) procedures are required to unlock higher withdrawal limits and access certain features.
- Unverified Accounts: Usually have lower daily withdrawal limits.
- Verified Accounts (KYC Completed): Offer significantly higher withdrawal limits and full platform access.
Users should check the current guidelines on the platform for specific daily/monthly limits.
Funding and Withdrawals
Funding an account involves depositing cryptocurrencies or fiat currency (where available).
- Deposits: Generally free, though network fees apply for crypto transfers.
- Withdrawals: Involve a network fee set by the exchange, which varies based on the specific cryptocurrency and current network congestion.
Mobile and Web User Experience (UX) =
MEXC offers trading access via a dedicated website and mobile applications (iOS and Android). The interface is generally designed to be feature-rich, balancing advanced charting tools with an accessible layout for new users.
Risks and Responsible Trading
Cryptocurrency trading, especially leveraged trading in the futures market, carries substantial risk. Leverage magnifies both potential gains and potential losses. New users should educate themselves thoroughly before trading with leverage. Understanding concepts like margin calls and liquidation prices is crucial. Resources like Understanding Initial Margin in Crypto Futures: Essential Tips for Safe Leverage Trading can provide essential background. It is advisable to start small and never invest more than you can afford to lose. For general guidance, new traders might find articles such as What Are the Best Cryptocurrency Exchanges for Beginners in Australia?" helpful in context setting, and should review risk management tools like those discussed in Essential Tools for Managing Risk in Margin Trading with Crypto Futures.
First Steps Checklist for New Users
1. Create an account (use the link: Register here). 2. Enable Two-Factor Authentication (2FA) immediately. 3. Complete identity verification (KYC) if higher limits are desired. 4. Deposit a small amount of cryptocurrency or fiat currency. 5. Practice placing a small market order or limit order in the Spot market. 6. Review the fee schedule for your expected trading volume tier.
See also (on this site)
- MEXC Spot Trading Essentials Explained
- Navigating MEXC Mobile Application
- Placing Your First MEXC Trade Order
- MEXC Liquidity for Small Traders
Recommended articles
- Crypto Futures Trading for Beginners
- Mastering Breakout Trading in Crypto Futures: Leveraging Elliot Wave Theory and Funding Rates for Optimal Entries
- Elliot Wave Theory and Fibonacci Retracement: A Powerful Combo for ETH/USDT Futures Trading
- The Role of Brokers in Futures Trading for Beginners
- Understanding Cryptocurrency Market Trends for Futures Arbitrage Success
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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