MEXC Exchange: Spot Trading Basics Explained

MEXC is a cryptocurrency exchange platform that offers a wide range of trading features, including spot trading and futures trading. This guide provides a beginner-friendly overview of MEXC, covering its core features, fees, supported assets, and security practices.

Core Features

**Spot Market:** The spot market on MEXC allows users to buy and sell cryptocurrencies at their current market price. This is a straightforward way to enter the crypto market and is suitable for beginners.
**Futures Contracts:** MEXC also offers futures contracts, which allow users to speculate on the future price of a cryptocurrency. Futures trading can be more complex than spot trading and involves higher risk.

You can learn more about futures trading in the following articles:

Supported Assets

MEXC supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and many altcoins. You can find a complete list of supported cryptocurrencies and trading pairs on the MEXC website.

Spot Trading Basics

- Order Types:**

**Market Order:** A market order is an order to buy or sell a cryptocurrency at the best available price. Market orders are executed immediately but the price may fluctuate.
**Limit Order:** A limit order is an order to buy or sell a cryptocurrency at a specific price or better. Limit orders are not executed until the specified price is reached.
**Stop-Loss Order:** A stop-loss order is an order to sell a cryptocurrency when it reaches a certain price, helping to limit potential losses.
**Take-Profit Order:** A take-profit order is an order to sell a cryptocurrency when it reaches a certain price, helping to lock in profits.

- Order Book:**

The order book is a list of buy and sell orders for a particular cryptocurrency. It shows the prices at which people are willing to buy or sell and the quantities available. You can use the order book to understand market sentiment and identify potential trading opportunities.

- Liquidity and Markets:**

Liquidity refers to the ease with which an asset can be bought or sold. Highly liquid markets have many buyers and sellers, making it easier to execute trades quickly. MEXC generally has good liquidity for major cryptocurrencies.

Security Practices

MEXC implements several security measures to protect user funds, including:

**Two-Factor Authentication (2FA):** 2FA adds an extra layer of security by requiring users to enter a unique code in addition to their password.
**Cold Storage:** MEXC stores a significant portion of user funds in cold storage, which is offline and less vulnerable to hacking.
**KYC/AML Compliance:** MEXC complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to prevent financial crimes.

KYC/Limits

MEXC requires users to complete KYC verification to enhance security and comply with regulations. This typically involves providing identification documents and proof of address.

Trading limits may vary depending on the user's verification level.

Funding and Withdrawals

MEXC supports various payment methods for depositing and withdrawing funds, including bank transfers, credit/debit cards, and crypto transfers.

Withdrawal fees vary depending on the cryptocurrency and the withdrawal method.

Mobile and Web UX

MEXC offers both a mobile app and a web platform.

Both platforms have a user-friendly interface that is easy to navigate.

Risks and Responsible Trading

Cryptocurrency trading involves risks, including market volatility, hacking, and scams.

It is important to:

**Do your research:** Before investing in any cryptocurrency, understand its fundamentals, risks, and potential rewards.

**Start small:** Begin with a small amount of capital that you can afford to lose.
**Diversify your portfolio:** Don't put all your eggs in one basket. Diversify your investments across different cryptocurrencies.

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

**Stay informed:** Keep up-to-date with market news and developments.

First Steps Checklist

1. **Register an Account:** Register here 2. **Complete KYC Verification** 3. **Fund your Account** 4. **Explore the Platform:** Familiarize yourself with the interface and features. 5. **Start with Small Trades:** Practice with small trades before committing larger amounts. 6. **Monitor your Portfolio:** Regularly check the performance of your investments.

Category:Crypto Exchange Overviews

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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MEXC Exchange: Spot Trading Basics Explained

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