MEXC Global Review | Read This Before Signing Up!
The concept of cryptocurrency has generated a great deal of interest on the internet. It was initially ridiculed and threatened, but over time it won our acceptance and has become an integral part of our life. This review of MEXC Global will walk you through the process of depositing and withdrawing cryptocurrency on the MEXC Global platform in great detail.
• It has a strong founding team consisting of veterans in the blockchain industry and specialists from Wall Street, Japan, and Europe.
• Contributions to the society: Holders of MX tokens will receive a bonus equal to sixty percent of the total trading fees, while the remaining forty percent will be used to repurchase and burn their native MX tokens on a monthly basis.
• Designed with the user in mind: Holders of MX tokens will have a vote in determining how the group will be managed and who will make up the MEXC Global team.
What exactly is MEXC Global (also formerly known as MXC Exchange)?
MEXC Global Exchange is one of the most important trading platforms for digital assets in the world. It was established in April of 2018. The core members of the team come from some of the most prestigious companies and investment firms in the world, and they have considerable knowledge in both the blockchain and the financial industries.
It is able to give consumers with a variety of digital asset services at the click of a button, including spot trading, margin trading, leveraged ETF and contract trading, as well as PoS staking. Not only does it put together an experienced safety team, but it also works together with the most reputable security companies in the industry to ensure that the user’s possessions will retain their value.
Since the company’s founding, MEXC Global has made applications for law enforcement licenses in a total of five countries, including Switzerland, Canada, Australia, and the United States. Users come from a variety of language areas or countries, including those that speak English, Russian, Korean, Portuguese, Turkish, Vietnamese, Hindi, Malay, and other languages.
Trading Experience with MEXC Global, Previously Known as MXC Exchange Review
Different stock exchanges each have their own unique trading characteristics. It would be beneficial if you determined which trading perspective is most suitable for you to use. The order book, a piece of the order book, a price chart of the selected cryptocurrency, and an ordering background are presented in each and every one of the views. This is the only thing that all of the views have in common. In most cases, in addition to that, they have to buy and sell boxes. Please have a look at the trading view before you decide on an exchange to make sure that it satisfies your requirements. The trading perspective at MEXC Global in “technical mode” is depicted in the image that may be found below:
In my experience, the trading interface offered by MEXC Global was uncluttered and easy to understand and utilize. Although buy and sell orders are displayed in their entirety, other information, such as real-time transactions, order books, or maps, is not made available. I liked how there were two different chart displays available: the conventional one, as well as the TradingView one, which includes additional charting functions for more complex trading methods.
A relatively insignificant issue with the Exchange is that all of their email headers are written in Chinese. This is most likely due to the fact that the Exchange is still very successful in China and targeted the audience there. Nevertheless, people who do not speak Chinese may find the emails to be a little bit puzzling.
The subject lines of MEXC Global’s emails are written in Chinese.
Review of MEXC Global Including Information on the Currencies and Payment Methods Supported
Bank transfers, AliPay, and other credit card brands including Visa and Mastercard are among the payment options that are acceptable at MXC (formerly MEXC Global). The following national currencies are recognized by the Exchange as acceptable forms of payment: VND, RMB, AUD, EURO, GBP, PESO(MXN), and USD. In addition, the MEXC Global Exchange will only allow purchases to be made with the following cryptocurrencies: BTC, USDT, ETH, XRP, EOS, LTC, BCH, and TRX.
MXC Fees (Now MEXC Global)
Trading Costs for MXC (Now MEXC)
Taker fees and maker fees are collected from manufacturers and takers, respectively, on the MXC exchange (formerly known as the MEXC exchange). The “flat rate” model is the most common one to see used. If you pay a flat price, it means that the cost of using the Exchange will be the same for both the taker and the manufacturer.
This Exchange levies a one-time fee of 0.20 percent of the total transaction amount. When compared to the average for all industries worldwide, this sum is significantly lower (arguably 0.25 per cent). Therefore, MEXC Global has the advantage when it comes to trading rates because of the competitive offering that it provides.
MXC Withdrawal Fees (Now MEXC)
When deciding on an exchange on which to trade, it is critical to take into account the fees associated with making withdrawals. The withdrawal charge remains the same no matter the amount of bitcoin units that are taken out of an account. It is not the same as cryptocurrencies. The MXC withdrawal cost, which is now known as the MEXC withdrawal charge, is 0.0005 Bitcoin. That is also a little bit lower than the norm in the industry. Around 0.0008 Bitcoin is what the global business considers to be the standard withdrawal cost for Bitcoin.
Examination of the MEXC Global Deposit Method
Wire transfers are one of the deposit methods available for MXC (formerly known as MEXC), although credit cards are not accepted. If for any reason you decide to make a payment using your credit card, this can present some difficulties for you. Even yet, MEXC Global stands apart from other exchanges since it permits deposits in fiat currencies in addition to cryptocurrencies. Other exchanges only permit deposits in cryptocurrencies.
Traders are responsible for the trading commissions, which are calculated as 0.2% of the payment.
The link to the current exchange rates of various coins and currencies can be found here:
MEXC Global Review: Crypto and DeFi Protocols That Are Supported
MEXC Global is able to trade with 374 different coin pairs and accepts 242 different coins. When compared to other spot trading exchanges, the cryptocurrency market on Coingecko is currently ranked seventh in terms of the most funding received by individual projects.
Most notably, MEXC Global is at the forefront of the wave of decentralized finance (DeFi), with support for routinely utilizing DeFi coins. This is because MEXC Global allows for the use of DeFi coins. The following cryptocurrencies are currently available for trading: ChainLink ($LINK), Synthetix Network Token ($SNX), Maker ($MKR), Aave ($LEND), Compound ($COMP), DAI ($DAI), 0x ($ZRX), Ampleforth ($AMPR), UMA ($UMA), Kyber Network ($KNC), Loopring Coin ($LRC), REN ($REN), yearn.finance ($YFI), Bancor Network Token ($BNT), and Thor
Not only that, but MEXC Global also supports a number of other common DeFi coins, including: TrustSwap ($SWAP), Keep ($KEEP), UMA ($UMA), DMM: Governance ($DMG), Balancer ($BAL), Orion Protocol ($ORN), and bZx Protocol ($BZRX), among others.
Check out the MEXC Global Exchange immediately if you want to enhance your revenues from a variety of business endeavors and increase your chances of successfully acquiring DeFi coins.
MEXC Global Review: An Examination of Compliance and Safety
The safeguards provided by MXC ensure that its users’ valuables are kept secure at all times. In order to guarantee this, the MXC cryptocurrency exchange platform (now known as MEXC Global) comes equipped with a sophisticated cold storage wallet. These wallets are responsible for the management of around $500 million worth of cryptocurrency deposits. As of this moment, there have been no breaches of security that have been reported on the MEXC Global exchange. In general, we give exchanges that have a long record a higher security grade because they have been around for a longer period of time and have proven themselves reliable.
MEXC Global offers all of the typical safety elements that one would anticipate finding in any other exchange. For example, when you register for something, you have to input a confirmation code that was given to the email address you provided. The usage of two-factor authentication, carried out by means of a mobile phone app or Google Authenticator, is being actively encouraged by the Exchange. A pop-up window will remind first-time users to turn on their security feature whenever they log in.
Global Liquidity Exchange, or MEXC for short.
According to Coinmarketcap, this Exchange is one of the top 21 exchanges currently operating. In the studies conducted on the liquidity of various cryptocurrencies, it was found that significant cryptocurrencies like Bitcoin and Ethereum possessed a high degree of liquidity. Other funds, such as $PCX and $ZVC, on the other hand, had a more widespread distribution. In point of fact, there was significant price slippage for orders that were greater than one thousand United States dollars for lesser-known but still popular cryptocurrencies.
The company MEXC Global has been at the center of a number of different scandals that involve phony volume. Multiple online communities, including BitcoinTalk, have leveled allegations that MEXC Global exaggerates recorded importance in order to entice prospective users to join the platform.
Performance Analysis of MEXC Global Review
MEXC Global offers a trading engine that is both high-performance and developed by developers who have previous experience working in banking. All by itself, the Exchange ensures the reliability of 1.4 million transactions per second while also making additional performance improvements. The countries of Singapore and Korea are both home to clusters of servers.
What are the procedures for making deposits and withdrawals on the MEXC Global Exchange?
To add cryptocurrencies to your MEXC Global Exchange account, navigate to the Assets summary page by clicking “Assets” in the navigation bar at the top of the page.
Select the digital currency that you want to deposit using the screen’s drop-down menu. In this instance, we decided to use Ethereum because it provides you with the added convenience of displaying your ETH deposit address as both a QR code and an address. After that, you will be asked to provide the address that your cryptocurrency transactions will originate from. After that, MEXC Global Exchange will let you know that an update has been made regarding your deposit.
The next step is to watch your MEXC Global account for confirmation that the deposits you just made have been credited to it. When it does, the records of your deposit will indicate that it was a success. The speed can be determined by a number of different factors, such as how much money you are ready to spend on gas and how full the network is.
MEXC Global Review: MX Token
The MEX token, or MX token, is an Erc-20 token and serves as the community token for the MEXC platform. It has a maximum supply of 1 billion coins, of which 100 million are already in circulation at the present time, giving it a market cap of about 150 million dollars and giving it a maximum number of 1 billion coins overall. The Mx token can be utilized in a variety of ways, some of which are detailed below:
• If you are a holder of MX tokens, you are eligible to receive a discount on your trading fees of up to 20%.
• The amount of MX tokens that you currently possess will also affect the ratio of referral benefits that you receive.
• In addition, the platform hosts an event known as M-Day, during which participants have the opportunity to win free airdrops merely by trading or holding MX tokens.
• Offline consumption payment.
Taking Withdrawals from the MEXC Global Exchange for Cryptocurrencies
You will not be able to make withdrawals from your MEXC Global Exchange account unless you have enabled two-factor authentication, which can be done by either linking your mobile number to your account or activating Google Authenticator. In order to make a withdrawal, you will first need to enable two-factor authentication. To withdraw your cryptocurrency, select “Assets” from the navigation bar at the top of the screen. Choose “withdraw” from the list of assets under Assets Overview. Before you send the message, you can confirm your withdrawal information by entering your address and phone number here. It is important to keep in mind that the MEXC Global Exchange levies a service fee of 0.005 ETH.
Choose and take out your cryptocurrency holdings.
You will then be required to confirm the withdrawal by entering a code that was sent to your email and using your preferred two-factor authentication form, such as SMS (if you have linked your phone number to your account) or Google Authenticator. If you have any questions, please contact customer support at [email protected]. Bear in mind that the entire verification process will only take you sixty seconds to complete, so make sure to move quickly.
Take back your verification
If you have already transmitted your withdrawal verification, the Exchange will confirm that your order has been processed, and you will be able to check the status of your send by clicking on the “Follow withdrawal form” button. This is the picture that was taken.
The benefits that come with using MEXC Global Exchange
This Exchange offers a wide variety of advantages, all of which should be promoted. This platform is appealing to me since it unambiguously promotes the following three advantages: fast performance, a supernode, and advanced security defense. It should come as no surprise that every investor requires a high-performance trading engine. There is also the option of receiving advanced security coverage. It is possible that some potential platform users will not find the supernode capabilities to be as interesting as others. Those who are experienced in the utilization of supernodes will find it appealing.
What aspects of MEXC Global Exchange frustrate me the most?
My one and only criticism about MEXC Global Exchange is that it does not have enough partnerships. Users would then be able to make use of third-party trading terminals, trading bots, cryptocurrency taxation applications, and a variety of other capabilities if it collaborated with other tools such as 3Commas and Koinly. It is my opinion that the marketing team is able to make MEXC Global accessible through these well-known third-party crypto trading tools and services.
Not only will this provide the MEXC Global exchange with increased visibility, but it will also make it possible for the Exchange to acquire additional liquidity.
One further thing that could make a more significant impact is if the founding team engaged with the public more and planned more webinars and live events. These are both examples of things that could be done. This will strengthen the reputation and confidence that users have in the platform.
MXC Exchange App (Now MEXC)
The MXC platform, which is now known as MEXC, provides its users with a mobile and desktop program to assist them in trading cryptocurrencies and gaining access to the services provided by the platform at any time and from any location. In addition, the software is available for download for Android, iOS, and Windows devices.
Help for Customers from MXC (Now MEXC)
MXC (Now MEXC) provides its users with receptive customer care 24 hours a day, seven days a week. In addition to that, it provides a comprehensive and well-organized Frequently Asked Questions section for its users. In addition to that, it features email support and a standard chat feature, both of which can be used to establish person-to-person communication. In addition to this, the platform also runs accounts on several social media platforms, some of which may be helpful when trying to obtain information.
Conclusion
The MXC exchange platform, now known as MEXC, features an intuitive user interface, which is one of the reasons why so many people like it. The trading experience for users can always be improved by adding new functionality to the platform, which is done frequently. In addition, the platform has not been hacked for any events up to this point, thus it is trustworthy to utilize.
Questions That Are Typically Asked (FAQ)
Does MEXC Global Exchange require KYC?
At this time, Know Your Customer (KYC) checks are not required for withdrawals made through MEXC Global. When it comes to exchanges, MEXC Global needs users to provide KYC documentation in the form of a photograph of their passport and address proof. Even though the MEXC Global exchange does not have a KYC software, it is known that any withdrawal of more than 30 BTC triggers a manual KYC check. During the manual KYC procedure, MEXC Global will freeze withdrawals from customer accounts until the customer provides identification. The Exchange has made the announcement that it would shortly initiate a KYC procedure throughout the entire exchange.
Is the MEXC Global Exchange a fraudulent company?
The reputation of MEXC Global as a problematic organization is mostly attributable to claims that the company engages in excessive trading volume and employs fraudulent group members.
Is there a VIP program available through MEXC Global?
The exchange provides a VIP service for those who do transactions worth more than 30 BTC. Consumers have the opportunity to receive lower trading rates as well as other perks as a component of the VIP scheme.
Is it possible for MEXC Global to place a hold on the monies that I have placed and restrict me from withdrawing those funds?
No, for additional information on how to deposit and withdraw cryptocurrency from the Exchange, please go to the relevant part of our help center. My ability to draw our cryptocurrencies took me fewer than ten minutes to complete. Before the Exchange will let you withdraw your cryptocurrencies, however, you will need to enable two-factor authentication on your MEXC Global account. This is a security measure that is in place to protect your funds.
