Understanding Order Types on MEXC

MEXC is a global cryptocurrency exchange offering a wide range of trading options for both beginners and experienced traders. This guide provides a comprehensive overview of MEXC's core features, order types, and essential aspects to consider before diving into the world of crypto trading.

Core Features

**Spot Market:** MEXC offers a robust Spot market for trading various cryptocurrencies.
**Futures Market:** MEXC provides access to futures trading, allowing users to speculate on the price movements of cryptocurrencies without owning the underlying asset.
**Diverse Asset Selection:** MEXC supports a wide range of cryptocurrencies, including popular coins like Bitcoin (BTC), Ethereum (ETH), and many altcoins.
**Order Types:** MEXC offers various order types to suit different trading strategies.

Spot and Futures Basics

**Spot Market:** In the Spot market, you buy and sell cryptocurrencies at their current market price. Transactions are settled immediately.

**Futures Contract:** A Futures contract is an agreement to buy or sell a specific amount of cryptocurrency at a predetermined price and date in the future.

Order Types

Understanding different order types is crucial for effective trading.

**Limit Order:** A Limit order allows you to buy or sell at a specific price or better. Your order will only be executed if the market reaches your desired price.
**Market Order:** A Market order is executed immediately at the best available market price. This is suitable for quick trades but may result in price slippage, especially in volatile markets.

**Stop Loss Order:** A stop-loss order is designed to limit potential losses. It automatically sells your holdings when the price drops to a predetermined level.
**Take Profit Order:** A take-profit order automatically sells your holdings when the price reaches a predetermined profit target.
**Hidden Order:** A Hidden order is not displayed on the Order book, helping to conceal your trading intentions from other market participants.

Hidden order

Liquidity and Markets

Liquidity refers to the ease with which an asset can be bought or sold without significantly affecting its price.

**Order Book:** The Order book displays the buy and sell orders placed by other traders. It provides insights into market depth and potential price movements.

How to Use Aggregated Order Books on Cryptocurrency Futures Platforms

**Market Depth:** Market depth refers to the total number of buy and sell orders at different price levels. Deeper markets generally indicate higher liquidity.
**Understanding Open Interest:** Open Interest in Futures:

Understanding Open Interest in Crypto Futures Trading

Security Practices

MEXC prioritizes the security of user funds and employs robust security measures, including:

**Two-Factor Authentication (2FA):** Enhances account security by requiring an additional verification step.
**Cold Storage:** A significant portion of user funds are stored offline in cold wallets, providing enhanced protection against hacking attempts.

KYC and Limits

MEXC implements Know Your Customer (KYC) procedures to comply with regulations and prevent financial crimes. Users may need to verify their identity to access certain features or increase trading limits.

Funding and Withdrawals

MEXC supports various funding and withdrawal methods, including bank transfers, credit/debit cards, and crypto transfers.

Mobile and Web UX

MEXC offers a user-friendly platform accessible through both web and mobile applications. The intuitive interface makes it easy to navigate and execute trades.

**Mobile App:** The MEXC mobile app provides a convenient way to manage your account and trade on the go.

Risks and Responsible Trading

Trading cryptocurrencies involves inherent risks, including price volatility, market manipulation, and security breaches. It's crucial to:

**Conduct Thorough Research:** Before investing in any cryptocurrency, thoroughly research its fundamentals and market dynamics.
**Start Small:** Begin with a small investment amount that you are comfortable potentially losing.
**Use Stop-Loss Orders:** Implement stop-loss orders to limit potential losses.
**Diversify Your Portfolio:** Don't put all your eggs in one basket. Diversify your investments across different cryptocurrencies.

First Steps Checklist

**Register:** Register here
**Complete KYC Verification:** Follow the platform's instructions to verify your identity.
**Fund Your Account:** Deposit funds into your MEXC account using your preferred method.
**Explore the Platform:** Familiarize yourself with the trading interface, order types, and market data.
**Start with Small Trades:** Begin with practice trades or small investments to gain experience.

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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