MEXC global crypto trading review 2022 feature image with girl and a MEXC sign

MEXC Global Crypto Trading Review 2022 – Fees and Deposit Methods

Welcome, to our MEXC Global crypto trading review 2022 where we cover trading fees and deposit methods among many other things.

MEXC is one of the best Bitcoin and altcoin trading platform with many spot trading cryptocurrencies and perpetual contracts.

What is MEXC Global Crypto Trading Platform?

Established in April 2018, the MEXC Global Crypto Exchange is one of the world’s leading cryptocurrency trading platforms. This is especially true when it comes to crypto perpetual trading and spot altcoin trading.

MEXC Sign Up Bonus and Rewards

MEXC Global offers two different systems for rewards

1000 USDT in Bonus

In the table below, you find some tasks to get a part of the 1000 USDT bonus MEXC trading platform is offering. The daily task can complete multiple time until the reward hit $1000

MEXC crypto trading bonus information 1000 USDT for futures trading

Exclusive campaign for MEXC new users

Bonus 1: Trading fee discount. Users who register with MEXC through the referral link on this page can enjoy a 10% discount when trading on MEXC;

Bonus 2: First trading reward. Participating users whose accumulated deposit amount during the campaign period is > 50USDT and the trading volume is > 200USDT can get 10USDT MX airdrop ;

Bonus 3: Cumulative deposit reward. During the campaign period, participating users with 1000USDT net deposit can get 50USDT Futures bonus reward.

Bonus 4: Futures trading reward. During the campaign period, participating users whose Futures trading volume exceeds 2000 USDT can get an additional 20USDT Futures bonus reward.

Click on the MEXC link for full terms and conditions regarding the bonuses 1-4.

What is MEXC Global Crypto Trading Fees?

Here, we have summarized the 

  • Spot trading fees
  • Futures trading fees

MEXC Global Spot Trading Fees

  • Maker Fee ‎0.200%
  • Taker Fee‎ 0.200%
These fees can be compared to Binance and Kucoin where fees starts at 0.1% and you can get even lower with our referral code, pay with their native coin, hold their native coin or accumulate high trading volume.
Conclusion: MEXC crypto spot trading fees are high compared to other similar trading platforms. At the same time, MEXC is offering a lot more listed cryptocurrencies and trading pairs than Binance and Kucoin.

MEXC Global Futures Trading Fees

In the screenshot below, you find the MEXC Global crypto futures trading fees. Again, you can compare to Binance futures trading fees which starts at 0.02/0.04. However, Kucoin has the same futures trading fees as MEXC.
Conclusion: MEXC crypto futures trading fees are higher than Binance but at the same time MEXC is offering more perpetuals than Binance. 

What is MEXC Global Deposit Methods?

There are no fiat deposit methods available at MEXC global trading. You can buy crypto directly via your VISA or Mastercard. However, the exchange rate is very bad when we tested this feature. All in all, you will get 8.5% below the market price listed on Coingecko. 

Still, remember that many platforms are charging a credit card fee around 2-4% and there is always an additional exchange fee.

However, 8.5% is way too much and you should look for alternative platforms to deposit fiat currencies.

Conclusion: MEXC is not a good crypto trading platform for fiat on ramp and fiat off ramp solution. Look at Binance if you are outside the US and Coinbase or Kraken if you are in the US. Also, always try to avoid credit card deposits since they are very expensive.

MEXC Account Security Features

In the table below, we have listed all the MEXC account security features.

Password to access your account

Email Verification: Link your email address to your account for password recovery and withdrawal confirmation

Mobile Verification: Link your mobile number to your account to receive verification codes via SMS.

MEXC/Google Authenticator: Set up your MEXC/Google Authenticator to provide an extra layer of security when withdrawing funds or configuring your security settings.

Anti-Phishing Code: Emails sent will contain your anti-phishing code to protect against phishing attacks.

Disable Account: Disable your account immediately

MEXC Verify: Allows you to check whether phone numbers and social media accounts (e.g., Telegram, WeChat) claiming to be affiliated to MEXC Global are official MEXC channels.

 

 

MEXC Features

We list all the MEXC features

  • Trade
  • Derivatives
  • Earn

MEXC Global - Trade

Spot Trading: Here, you can perform spot trading which almost all crypto trading platforms supports. The fees are a bit expensive but they are offering a wide range of coins and trading pairs.

Margin Trading: Margin trading is also offered by most crypto trading platforms. Here, you trade spot with leverage.

Buy Crypto with Visa/Mastercard: Via 3th part services like Simplex, Banxa or Mercuryo you can buy crypto via credit card. The fees are hidden but the exchange rate is very bad and you should look for other fiat on ramps. If you live outside US, check Binance. If you live in the US, check Kraken or Coinbase.

PUSH: This is a peer-to-peer exchange. Volumes are limited and really bad exchange rate. Only reason to use this option is if you hold fiat currency in a very rare e wallet or similar.

MEXC Global - Derivatives

Leveraged ETF:  A fund managed by a professional financial team from MEXC. Each ETF product corresponds to a certain number of futures positions.

The fund manager dynamically adjusts the futures positions to keep fixed leverage for the product for a certain period of time. A professional team is responsible for the management and maintenance of the investment portfolio.

Futures: MEXC is only offering perpetuals, futures with no expiration date. They are offering many different markets.

Index ETF: MEXC Exchange provides you with nearly ten forms of ETF index trading combinations such as DeFi portfolio, Polkadot ecoystem portfolio, Coinbase Investment Index, Public Chain Index, NFT index and some more.

Futures Trading Competition: MEXC is continously offering different futures trading competitions. Last, the first price was a Tesla 3 in March 2022.

MEXC Global - Finance

Launchpad: MEXC Launchpad provides MX Token holders with an exclusive, low-cost opportunity to invest early in project tokens.

Kickstarter: This is a pre-launch stage of a project in which the project initiates voting for the launch on MEXC, and then airdrops its tokens for free to all successful voting users. If the set goals are not met, MEXC will cancel the listed project and unlock the voting token. This event is design to attract more premium projects to list on MEXC and provide free airdrops to MEXC users.

MX-Defi: Stake different coins to earn rewards. Some examples are ETH, BTC, UST and USDT.

M-day: Get rewarded for trading major cryptocurrencies and holding MX

MX-zone: MX is the official token of the MEXC platform. 100% of the profits from spot trading and ETFs on MEXC will be burned through MX. Current uses of MX include fee deduction, project listing voting, airdrop bonuses, MX DeFi mining and more.

Slot Auction: Participate in DOT and KSM slot auction.

Assessment Zone Voting: Vote for your favorite projects in the assessment zone and receive trading fee rewards

Staking and ETH 2.0 Staking: See table below for rates.

MEXC global crypto earn and locked staking rewards

MEXC Global Crypto Trading Competitions

MEXC Global often arranges different crypto trading competitions and tournaments with great prize pools and rewards. Here, you will have the chance to boost your portfolio, and many events are held to promote both low-volume traders and large-volume traders. 

Read more about the current best crypto trading competitions with the highest prize pools.

MEXC Pros and Cons

Below, we have summarized this MEXC global review with pros and cons.

MEXC Global Pros

  • They have among the most listed cryptocurrencies and trading pairs
  • MEXC have among the lowest perpetuals trading fees together with other platforms
  • Uniqu ETF products with leverage opportunities

MEXC Global Cons

  • The spot trading fees are not the lowest on the market
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