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Digital Currency License
Digital Currency License
Common Financial Service License
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The number of the negative comments received by WikiBit have reached 42 for this Exchange in the past 3 months, please be aware of the risk and the potential scam!
The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!
LUNC Terra Classic
BIGTIME Big Time
|Number of Cryptocurrencies Offered||1835|
|Payment Methods||Credit and debit cards, P2P/OTC trading platforms, and global bank transfers|
|Customer Support||Twitter account @MEXC_Official and Facebook page|
MEXC Global, founded in 2018, is a cryptocurrency exchange operating under the regulation of esteemed regulatory bodies. Holding three digital currency licenses, issued by MTR in Estonia. One of the features of MEXC Global is its Maker-Taker fee structure for spot trading and contract trading, providing transparent information about fees incurred during trading activities.
|• Offers access to more than 1835 crypto assets||• No cryptocurrency rewards|
|• Account security||• The licenses ofFINTRAC and FinCEN are exceeded|
|• Various payment methods|
|• Convenience of transaction|
|• Regulated by MTR|
First, MEXC Global offers access to a wide range of over 1835 crypto assets, allowing users to easily trade and invest in different cryptocurrencies.
Second, MEXC Global prioritizes account security to ensure that users' funds and personal information are protected. The platform implements robust security measures, such as encrypted transactions and two-factor authentication, to safeguard against unauthorized access and potential hacking attempts.
Third, MEXC Global supports a wide range of payment methods, catering to the diverse needs and preferences of its users.This flexibility allows for a seamless user experience and makes it easier for users to participate in the crypto market.
Fourth, the convenience of transactions is another key feature of MEXC Global. Whether users are buying, selling, or transferring cryptocurrencies, MEXC Global aims to provide a hassle-free and efficient trading experience.
Furthermore, MEXC Global operates as a regulated entity, overseen by MTR (insert relevant regulatory body). By adhering to regulatory guidelines, MEXC Global instills trust and confidence in its users, further enhancing the overall integrity and reliability of the platform.
First of all, MEXC Global does not offer any rewards or incentives in the form of cryptocurrencies. This means that users will not receive any additional digital assets for using the platform.
Besides, by exceeding the licenses of FINTRAC and FinCEN, MEXC Global indicates that it meets or surpasses the regulatory standards set by these organizations. This could involve having robust AML and CTF measures in place, properly documenting transactions, conducting customer due diligence, and maintaining appropriate records, among other compliance-related activities.
MEXC Global operates under regulation from several regulatory agencies. In Estonia, it is regulated by the Majandus Tegevuse Register (MTR) and holds three digital currency licenses: FVT000278, FVR001254, and FRK001138. These licenses indicate that MEXC Global is regulated and recognized by the Estonian regulatory authorities.
However, Common Financial Service License licenses Canada FINTRAC (license number: M20481954) and MSB License with the licenses United States FinCEN (license number: 31000160419770) go beyond their business, please be aware of the risk!
WikiBit obtains regulatory information through various channels, including official regulatory websites, public records, and direct communication. The platform's team verifies the authenticity of regulatory licenses and certifications by cross-referencing the information from multiple reputable sources. WikiBit aims to offer reliable and accurate regulatory information to help traders make informed decisions when choosing exchange/token/project.
MEXC Global prioritizes security measures to ensure the protection of user assets. The platform employs various security protocols, including advanced encryption technology and two-factor authentication, to safeguard user accounts and transactions. These measures help minimize the risk of unauthorized access and protect user funds.
MEXC sets and adjusts the maximum limits for daily transactions and digital asset withdrawals from time to time according to security and actual transaction conditions; If transactions occur frequently in a registered user or there are circumstances beyond reason, MEXC has the right to evaluate and determine whether they are suspicious.
MEXC‘s has security protection functions, clients should keep their account and password information properly. The exchange will ensure that clents’ information is not lost, misused and altered by backing up to other servers, encrypting user passwords and other security measures.
MEXC offers a wide range of trading assets, including:
Spot trading: This is the most common type of trading, where users buy and sell cryptocurrencies on the spot market. MEXC offers over 1,400 spot trading pairs, including popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Litecoin (LTC), as well as smaller altcoins.
Margin trading: This allows users to trade cryptocurrencies with leverage, which can amplify profits but also losses. MEXC offers margin trading for over 300 cryptocurrencies, with leverage up to 100x.
Derivatives trading: This includes futures and options contracts, which allow users to speculate on the future price of cryptocurrencies. MEXC offers derivatives trading for a variety of cryptocurrencies, including BTC, ETH, and DOGE.
ETF trading: MEXC offers exchange-traded funds (ETFs) that track the price of a basket of cryptocurrencies. ETFs are a good way to invest in a diversified portfolio of cryptocurrencies without having to pick individual coins.
Other assets: MEXC also offers trading for other assets, such as leveraged tokens, indices, and staking products.
Here are some specific examples of trading assets on MEXC:
Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Cardano (ADA), Solana (SOL), Polkadot (DOT), Avalanche (AVAX), Terra (LUNA), and Chainlink (LINK)
ETFs: MEXC Bitcoin ETF (MMEBTC), MEXC Ethereum ETF (MMEETH), and MEXC Altcoin ETF (MMEALT)
Leveraged tokens: BTC3L, ETH3L, ADA3L, SOL3L, and DOT3L
Indices: MEXC Top 10 Index (MME10), MEXC DeFi Index (MMEDEFI), and MEXC Metaverse Index (MMEMETA)
Staking products: BTC Staking, ETH Staking, and ADA Staking
MEXC also offers a variety of trading tools and features, such as technical analysis tools, order types, and risk management tools. This makes MEXC a good choice for both beginners and experienced traders.
MEXC Global offers over 1835 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Tether and so on. Here are some of the most popular cryptocurrencies available on MEXC Global:
Bitcoin (BTC): Bitcoin is the most popular cryptocurrency in the world. It is a decentralized digital currency that was created in 2009.
Ethereum (ETH): Ethereum is the second most popular cryptocurrency in the world. It is a decentralized platform that runs smart contracts.
Litecoin (LTC): Litecoin is a fork of Bitcoin. It is a faster and cheaper alternative to Bitcoin.
Tether (USDT): Tether is a stable coin. It is pegged to the US dollar, which means that it is always worth $1.
Binance Coin (BNB): Binance Coin is the native token of the Binance exchange. It can be used to pay for trading fees on the exchange.
Solana (SOL): Solana is a high-performance blockchain. It is known for its fast transaction speeds.
Cardano (ADA): Cardano is a proof-of-stake blockchain. It is designed to be more energy-efficient than Bitcoin and Ethereum.
XRP (XRP): XRP is a cryptocurrency that was created by Ripple. It is used to facilitate payments between banks.
MEXC offers a variety of services including:
Referral Program: MEXC's referral program incentivizes users to invite friends, rewarding them for successful referrals. Users can earn bonuses and incentives by expanding MEXC's user base.
Affiliate Program: MEXC's affiliate program allows users to earn commissions by promoting the platform. Affiliates receive rewards based on the trading activities of referred users, enhancing earning opportunities.
API (Application Programming Interface): MEXC provides an API for users seeking programmatic access to trading functions. This service caters to advanced traders and developers looking to integrate MEXC into their applications.
Institutional Services: MEXC extends services tailored for institutional clients, addressing the unique needs of larger entities engaging in cryptocurrency trading. These services may include dedicated support, advanced trading features, and enhanced security measures.
MEXC Global is a cryptocurrency exchange app that offers users a variety of features, including:
A wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and more.
Competitive trading fees.
Fast deposits and withdrawals.
A variety of trading platforms, including MT4, MT5, and WebTrader.
Educational resources to help users learn about cryptocurrency trading.
24/7 customer support.
To download the MEXC Global app:
Visit the MEXC Global website.
Click on the “Download App” button.
Select the app store for your device (iOS or Android).
Follow the instructions to download and install the app.
Once the app is installed, you can create an account and start trading cryptocurrencies.
MEXC Global provides displays the Maker-Taker fee structure for spot trading and contract trading.
In spot trading, the Maker fee is set at 0.000%, implying that market participants who provide liquidity to the order book by placing limit orders and not executing them immediately will not incur any trading fees. On the other hand, the Taker fee for spot trading is also set at 0.000%, indicating that traders who remove liquidity from the order book by executing market orders will not be charged any fees as well.
For contract trading, the Maker fee remains the same at 0.000%. However, the Taker fee is slightly higher at 0.010%. This means that market participants who place limit orders in the contract market and do not immediately execute them will not be subject to any fees. Meanwhile, traders who remove liquidity from the contract market by executing market orders will be charged a fee of 0.010%.
Opening an Account on MEXC: A Step-by-Step Guide:
Visit the MEXC Website:
Go to the official MEXC website using your web browser.
Click on “Sign Up”:
Look for the “Sign Up” or “Register” button on the homepage and click on it.
Enter Your Email and Password:
Provide a valid email address and create a strong password for your account. Ensure that you adhere to any password requirements specified by MEXC.
Agree to Terms and Conditions:
Verify Your Email:
Check your email inbox for a verification message from MEXC. Click on the verification link provided in the email to confirm your registration.
Complete Additional Verification (if required):
Depending on MEXC's policies, you may need to complete additional verification steps, such as Know Your Customer (KYC) procedures. Follow the instructions provided by MEXC to complete these steps.
Once you have completed these steps, your MEXC account should be successfully created.
Below is a detailed, step-by-step guide on how to purchase cryptocurrencies on MEXC:
Visit the MEXC Website:
Go to the official MEXC website and log in to your account.
2. Navigate to the [Buy] Tab:
Find and click on the [Buy] tab on the platform.
3. Select Fiat Currency and Cryptocurrency:
Choose the fiat currency you want to use for the purchase and the cryptocurrency you wish to receive.
4. Enter Amount:
Enter the amount you want to pay in fiat currency or the amount of cryptocurrency you want to receive.
5. Click [Buy]:
Click the [Buy] button to proceed with the purchase.
6. Choose Payment Method:
Select a suitable payment method from the options provided.
7. Confirm Payment:
Confirm the payment details and complete the transaction.
8. Automatic Deposit:
Upon payment confirmation, the cryptocurrencies you purchased will be automatically deposited into your MEXC account.
Download and Install the MEXC App:
Download the MEXC app from the App Store or Google Play and install it on your mobile device.
2. Login to Your Account:
Open the app and log in to your MEXC account.
3. Navigate to the [Buy] Section:
Find and access the [Buy] section within the app.
4. Choose Fiat and Cryptocurrency:
Select the fiat currency you want to use and the cryptocurrency you wish to receive.
5. Input Amount:
Enter the amount you want to pay or the amount of cryptocurrency you want to receive.
6. Tap [Buy]:
Tap the [Buy] button to initiate the purchase.
7. Select Payment Method:
Choose a suitable payment method available on the app.
8. Confirm Transaction:
Confirm the transaction details and proceed with the payment.
9. Automatic Deposit:
After confirming the payment, the cryptocurrencies you bought will be automatically deposited into your MEXC account.
Note: Always ensure the security of your account and follow MEXC's guidelines for secure transactions.
MEXC Global mentions the option to buy coins with one click using VISA and Mastercard as accepted payment methods. Additionally, it states that S€PA payments are accepted for buying coins.
MEXC Global represents the peer-to-peer (P2P) option for buying and selling coins on MEXC Global. Bank cards, MoMo, Zalo Pay, and ShopeePay-SEA are listed as the accepted payment methods for both buying and selling coins.
MEXC Global involves the use of third-party services, namely moonpay, banxa, simplex, and mercuryo, for buying coins. It is important to note that this fee could be specific to the combination of using a third-party service and buying coins for an amount of 1000 EUR, or it could be a fixed fee associated with using any of the mentioned third-party services.
|Buy coins with one click||VISA, Mastercard||S€PA||N/A|
|P2P||Bank cards, MoMo, Zalo Pay, ShopeePay-SEA||Bank cards, MoMo, Zalo Pay, ShopeePay-SEA||N/A|
|the Third Party||moonpay, banxa, simplex and mercuryo||N/A||1000 EUR|
|MEXC Global||MTR||1835||0.000% - 0.010%||None|
|Coinbase||SEC, FinCEN||3||0% - 3.99%||Get $200 in crypto|
MEXC Global - MEXC Global is overseen by MTR for regulatory compliance. MEXC Global is a suitable choice for experienced traders and individuals seeking a broad selection of cryptocurrencies for trading purposes. With a vast array of cryptocurrencies available, users have the opportunity to explore various investment possibilities. The competitive pricing of fees may also be appealing to frequent traders.
GIBX EXCHANGE Regulated by FINTRAC,GIBX EXCHANGE is suitable for individuals who prioritize compliance and regulatory standards. It is particularly relevant for users in Canada who are looking for a trustworthy and compliant exchange to trade cryptocurrencies.
Coinbase -Regulated by the SEC and FinCEN, Coinbase is suitable for users who prioritize strict regulatory oversight and compliance. It can be a good choice for individuals in the United States who want to trade popular cryptocurrencies with a well-established and reputable exchange. Additionally, the promotion offering $200 in crypto could be appealing to new users looking to start their cryptocurrency journey.
MEXC provides an extensive array of educational resources designed to cater to both beginners and experienced investors in the cryptocurrency market. With a user-friendly interface, MEXC's “Learn” section serves as a comprehensive guide covering all aspects of crypto, ensuring users have the knowledge to navigate the dynamic crypto landscape.
For beginners, MEXC offers step-by-step guides, from signing up for an account to making the first spot trading order. The platform simplifies complex topics like futures trading, providing operation guides for both the app and website, along with explanations of terminology associated with futures trading.
Market insights, presented as “Hot Topics Analysis,” keep users informed about industry trends and market dynamics. This includes discussions on trading fees, Litecoin halving, XRP price trends, and Bitcoin halving, offering valuable insights for informed decision-making.
Beginner benefits, such as New User Rewards and up to 1,000 USDT Futures Bonus, incentivize new users to engage with the platform. Additionally, the “Blockchain 101” section acts as a comprehensive encyclopedia, covering fundamental blockchain concepts, including Bitcoin, Ethereum, and UTXO.
MEXC ensures robust customer support through its official Twitter account @MEXC_Official and Facebook page. On these platforms, users can find timely updates, announcements, and engage in direct communication with the MEXC team. The social media channels serve as avenues for addressing user queries, providing assistance, and sharing important information.
The responsive nature of MEXC's social media presence enhances transparency, fostering a collaborative relationship with the community. Users can stay informed about platform developments, seek support, and participate in discussions, showcasing MEXC's commitment to ensuring a positive and interactive user experience.
MEXC is the best exchange for experienced traders. It offers a wide range of trading assets, competitive fees, and a variety of trading tools and features. MEXC also has a deep liquidity pool, which means that traders can easily buy and sell large quantities of cryptocurrencies.
MEXC's diverse offerings and user-friendly approach make it accessible and beneficial for a wide range of individuals, from beginners exploring the crypto space to experienced traders and institutional investors seeking advanced features and services.
Beginners: MEXC is well-suited for beginners in the cryptocurrency space. The platform provides user-friendly interfaces, comprehensive educational resources, and step-by-step guides to facilitate a smooth entry into crypto trading.
Experienced Traders: MEXC caters to experienced traders with a wide range of trading assets, including spot, margin, and futures trading. Advanced features like technical analysis tools and diverse trading pairs accommodate the needs of seasoned traders.
Investors: MEXC appeals to investors seeking various investment opportunities beyond trading, such as staking, lending, and participation in investment products like LBank Labs and LBank Earn.
Institutional Clients: MEXC offers institutional services, tailored to the requirements of larger entities involved in cryptocurrency trading. Dedicated support, advanced trading features, and enhanced security measures make it suitable for institutional clients.
MEXC Global boasts a robust Maker-Taker fee structure for transparent trading. With over 1835 crypto assets, the platform provides extensive options. Security is a priority, employing encrypted transactions and diverse payment methods. Despite regulatory compliance, MEXC lacks cryptocurrency rewards. Additionally, surpassing FINTRAC and FinCEN licenses implies adherence to high standards. While MEXC Global is regulated and recognized in Estonia, users should be cautious about operations exceeding these licenses in Canada and the United States, understanding associated risks.
User 1: “MEXC Global is my go-to crypto exchange! Firstly, their security measures are impressive. With features like two-factor authentication and cold storage wallets, I feel confident that my funds are safe. Secondly, their interface is user-friendly and easy to navigate. It‘s perfect for beginners like me. Lastly, their customer support team is top-notch. They respond quickly and help resolve any issues I encounter. The only downside is that their trading fees can be a bit high, but considering the overall experience, it’s worth it!”
User 2: “I‘ve been using MEXC Global for a while now, and I must say, their liquidity is impressive. I never have trouble finding buyers or sellers for my trades. Also, they offer a wide range of cryptocurrencies to choose from, including popular ones like Bitcoin and Ethereum, as well as lesser-known gems. Another great aspect is their focus on privacy and data protection. They have strict policies in place to ensure user information remains secure. However, I did face some delays with deposits and withdrawals, which can be frustrating when you need quick access to your funds. Overall though, it’s a reliable exchange with great stability!”
Q1: What is MEXC's Referral Program, and how does it work？
A1: MEXC's Referral Program rewards users for successful referrals, allowing them to earn bonuses and incentives by expanding MEXC's user base.
Q2: Can you explain MEXC's Affiliate Program and its benefits？
A2: MEXC's Affiliate Program enables users to earn commissions by promoting the platform. Affiliates receive rewards based on the trading activities of referred users, enhancing earning opportunities.
Q3: What is the API offered by MEXC, and who is it suitable for？
A3: MEXC provides an Application Programming Interface (API) for users seeking programmatic access to trading functions. This service caters to advanced traders and developers looking to integrate MEXC into their applications.
Q4: What are MEXC's Institutional Services, and who can benefit from them？
A4: MEXC extends services tailored for institutional clients, addressing the unique needs of larger entities engaging in cryptocurrency trading. These services may include dedicated support, advanced trading features, and enhanced security measures.
Q5: How does MEXC's Maker-Taker fee structure work for spot and contract trading？
A5: In spot trading, both Maker and Taker fees are set at 0.000%, indicating no fees for providing liquidity or executing market orders. In contract trading, the Maker fee remains at 0.000%, while the Taker fee is 0.010%, applicable to market orders.
Q6: Can you provide a step-by-step guide on opening an account with MEXC？
A6: To open an account on MEXC, visit the official website, click “Sign Up,” provide email and password, agree to terms, verify email, and complete additional verifications if required.
Q7: What is the process for buying cryptocurrencies on MEXC, both on PC and the app？
A7: On PC, log in, visit the [Buy] tab, select fiat and cryptocurrency, enter amounts, choose payment method, confirm payment, and receive automatic deposit. On the app, log in, navigate to [Buy], choose fiat and crypto, input amounts, select payment method, confirm transaction, and receive automatic deposit.