MEXC Fee Structure for New Traders
MEXC Fee Structure for New Traders
MEXC is a globally recognized cryptocurrency exchange offering a wide array of trading services, including spot trading, margin trading, and derivatives (futures). This overview provides new traders with essential information regarding its fee structure, supported assets, and core functionalities.
Core Features of MEXC
MEXC aims to provide a comprehensive trading environment. Key features include:
- High-throughput trading engine capable of handling significant transaction volumes.
- Support for a large number of trading pairs, including major cryptocurrencies and emerging altcoins.
- Various trading products such as Spot market trading, leveraged tokens, and Futures contract trading.
- A focus on listing new and innovative digital assets quickly.
Fee Structure Overview
MEXC employs a tiered trading fee structure based primarily on the user's 30-day trading volume and the amount of MX (the exchange's native token) held. Fees are generally competitive, especially for high-volume traders.
Trading fees are typically calculated as a percentage of the transaction value. New traders usually start at the "Non-VIP" tier.
| User Tier | Spot Maker Fee | Spot Taker Fee |
|---|---|---|
| Non-VIP | 0.20% | 0.20% |
| VIP 1 | 0.18% | 0.20% |
Note that futures trading often has separate, generally lower, fee schedules for maker and taker actions. Holding MX tokens can often result in significant fee discounts.
Supported Assets and Markets
MEXC supports thousands of trading pairs across its various markets.
- Spot Market: This is where users buy and sell cryptocurrencies instantly at the current market price. It includes pairs involving Bitcoin (BTC), Ethereum (ETH), stablecoins (USDT, USDC), and numerous altcoins.
- Futures Market: MEXC offers perpetual and fixed-date futures contracts, allowing traders to speculate on the future price movement of assets using leverage. Understanding concepts like Understanding Tick Size and Its Role in Risk Management for Crypto Futures Understanding Tick Size and Its Role in Risk Management for Crypto Futures is crucial here.
Order Types Available
MEXC supports standard order types essential for executing trades based on specific price requirements:
- Limit order: An order to buy or sell an asset at a specified price or better.
- Market order: An order to buy or sell immediately at the best available current price in the Order book.
- Stop-Limit and Stop-Market orders are also available, particularly useful for risk management strategies like setting stop-losses. For advanced execution strategies, see Advanced Techniques for Profitable Crypto Day Trading Advanced Techniques for Profitable Crypto Day Trading.
Liquidity and Market Depth
Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. MEXC generally maintains high liquidity for its major pairs (e.g., BTC/USDT). Traders should always check the depth of the Order book before executing large Market orders to avoid significant slippage.
Security Practices
MEXC employs standard industry security measures, including:
- Two-Factor Authentication (2FA) for account access and withdrawals.
- Cold storage solutions for the majority of user assets.
- Encrypted data transmission.
Traders are responsible for securing their own accounts through strong passwords and active 2FA implementation.
KYC and Limits
MEXC generally requires Know Your Customer (KYC) verification to unlock higher withdrawal limits and access certain advanced features.
- Unverified Accounts: Typically have lower daily withdrawal limits.
- Verified Accounts (KYC Level 1/2): Offer significantly higher daily withdrawal limits.
Traders should consult the official MEXC documentation for the most current specific limits.
Funding and Withdrawals
- Deposits: Cryptocurrency deposits are credited once the required number of network confirmations is achieved. Fiat on-ramps may be available depending on the user's region.
- Withdrawals: Withdrawals are processed after internal security checks. Fees vary based on the specific cryptocurrency network used (e.g., Bitcoin network withdrawal fees differ from Ethereum network fees).
User Experience (UX)
MEXC offers both a web platform and dedicated mobile applications for iOS and Android. The interface is generally considered feature-rich, which can present a slight learning curve for absolute beginners compared to simpler platforms. The mobile app allows for trading on the go, monitoring positions, and managing accounts effectively.
Risks and Responsible Trading
Cryptocurrency trading, particularly leveraged trading on the Futures contract market, carries a high risk of capital loss. New traders should only invest capital they can afford to lose and must understand the mechanics of leverage and margin calls. Responsible trading involves setting clear risk parameters and avoiding emotional decision-making.
First Steps Checklist
To begin trading on MEXC, follow these initial steps:
- Visit the official MEXC website and review the terms of service.
- Complete the registration process: Register here.
- Enable Two-Factor Authentication (2FA) immediately.
- Complete necessary KYC verification if higher limits are required.
- Fund your account by depositing your chosen cryptocurrency.
- Practice placing small Limit orders on the Spot market before engaging in futures trading.
See also (on this site)
- MEXC Spot Trading Essentials Explained
- Understanding MEXC Futures Contracts
- Exploring MEXC Supported Cryptocurrency Assets
- Navigating the MEXC Mobile Application
Recommended articles
- Position Sizing for Arbitrage
- Elliott Wave Theory for Crypto Futures: Predicting Market Cycles and Trends
- Resources for Crypto Futures Trading
- Contango and Open Interest: Key Metrics for Analyzing Altcoin Futures Market Trends
- Understanding Crypto Futures Regulations for Safe and Compliant Trading
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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