MEXC

What is the MEXC Cryptocurrency Exchange?

MEXC (formerly MXC) is an advanced cryptocurrency exchange founded in 2018 that provides access to over 3,100 cryptocurrencies and more than 430 futures contracts. It offers a comprehensive set of trading features, including spot markets, futures with leverage up to 500x, copy trading, P2P, staking, and DeFi tools. The exchange is known for its user-friendly interface, low fees, and extensive ecosystem surrounding its native token MX.

MEXC operates in more than 170 countries. Exceptions include:

• USA
• Canada
• United Kingdom
• China
• Hong Kong
• Singapore
• Iran
• North Korea
• Syria
• Sudan
• Cuba
• Also certain newly designated territories of the Russian Federation: Crimea, Donetsk and Luhansk Republics, Zaporizhzhia, and Kherson regions.

Who Owns MEXC and Where is Its Headquarters?

MEXC was founded in 2018 and is registered in the Seychelles, with its headquarters located in Singapore. The founders are Metin Mehmet Durgon and John Cheng Ju. MEXC operates in multiple countries and holds licenses in the USA, Canada, Switzerland, Australia, and more. In 2021, it won the "Best Crypto Exchange in Asia" award at Crypto Expo Dubai.

Advantages and Disadvantages of MEXC

Advantages:

• Supports over 3,100 cryptocurrencies and 430+ futures
• Leverage up to 500x
• Low trading fees 
• User-friendly interface and mobile apps
• 24/7 support in Russian
• Functions including copy trading, Launchpad, Kickstarter, and staking

Disadvantages:

• No NFT marketplace
• Some complexity for beginners
• Occasionally low liquidity on small-cap pairs
• Frequent changes to fee structures
• Not available to residents of the USA and some restricted regions

Features of MEXC

MEXC offers spot and futures trading with various order types, leverage, and market analytics. It also includes P2P trading, staking with flexible and fixed rates, copy trading, and opportunities to participate in new project launches via Launchpad and Kickstarter. Users can hold MX tokens to gain extra privileges.

Registration on MEXC

The registration process on MEXC is simple and includes the following steps:

1. Go to the official MEXC website using a browser on your computer or mobile device.
2. Click the "Register" button located at the top right of the homepage.
3. Choose a registration method: email, phone number, Google account, or Apple ID (mobile only).
4. Fill in the registration form by entering your email or phone number, creating a strong password, optionally entering a promo code, and agreeing to the user agreement and privacy policy.
5. Verify your email or phone by entering the code sent to you.
6. Once verified, your account is created and ready to use.

It is recommended to enable two-factor authentication (2FA) for enhanced security.

Advantages of registration include a quick process, multiple registration options, mobile usability, high account security with 2FA, and Russian language support.

Verification

MEXC offers three levels of verification:

• Basic (KYC): upload passport, driver’s license, or ID photo, increases limits
• Advanced: selfie and address confirmation, further raises withdrawal limits
• Corporate: for legal entities

Verification usually takes 24-48 hours. It is optional but recommended to increase withdrawal limits and functionality.

Deposits and Withdrawals

Deposits: Cryptocurrency transfers and P2P trading are available. Direct card and banking deposits from Russia are restricted due to sanctions.

Withdrawals: Can be made in cryptocurrency to other wallets or exchanges. P2P allows direct buy/sell between users with no deposit/withdrawal fees. Withdrawal limits depend on verification level.

Deposit and Withdrawal Fees

Crypto deposits are usually free; withdrawal fees depend on the blockchain network used (e.g., BSC and TONCOIN may have zero fees). Fiat withdrawals are not supported directly for Russia, only via P2P.

How P2P Works

MEXC's P2P platform allows users to buy and sell cryptocurrencies directly without intermediaries, bypassing traditional payment system restrictions. It is a global network with high liquidity and secure trade mechanisms. In Russia, P2P is the main way to deposit and withdraw funds.

How to Buy Crypto via P2P on MEXC

1. Log in to your MEXC account on the website or app.
2. Go to "Buy Crypto" → "P2P Trading."
3. Select "P2P" and the "Buy" tab.
4. Choose the cryptocurrency (USDT, BTC, ETH, USDC).
5. Select a seller’s offer by payment method, limits, and price.
6. Click "Buy [crypto]" and enter the fiat amount to spend.
7. Accept the P2P agreement.
8. Pay the seller outside the platform by the specified method (e.g., card transfer).
9. Once paid, click "Paid, notify seller."
10. Wait for the seller to release the crypto to your MEXC account.
11. After receipt, the transaction is completed.

How to Sell Crypto via P2P on MEXC

1. Go to "Buy Crypto" → "P2P Trading" → "Sell."
2. Choose the crypto to sell.
3. Browse buyer offers and select one by payment method and limits.
4. Click "Sell [crypto]" and enter the amount to sell.
5. Confirm the agreement and create the order.
6. Await payment to your bank account or card (set payment details beforehand).
7. Confirm receipt of payment, then finalize the trade with 2FA.

Safety Tips for P2P

• Complete KYC verification to access P2P trading.
• Choose counterparties with high ratings and successful completions (90%+).
• Pay via methods listed in the seller’s profile.
• Avoid canceling orders frequently to prevent P2P account restrictions.
• Use built-in chat to communicate.
• Never send money outside MEXC's platform to avoid losing protections.

P2P on MEXC is a convenient and secure way to trade crypto for fiat.

Staking

MEXC offers flexible and fixed crypto staking options with attractive rates. Staking allows earning income without selling assets. The exchange supports DeFi and other financial services.

Types of staking

• Flexible staking: no lockup period, lower yields, funds can be withdrawn anytime.
• Fixed staking: assets locked for a defined period (1-30 days), higher yields.
• Simple income products: investment in top assets with stable, moderate income.

Yields depend on token and staking period, with some promotions offering annualized returns up to 400%, while averages are around 15-20% annually.

Starting staking

1. Log in to MEXC account.
2. Go to "Savings" or "Staking" section.
3. Select token and staking type.
4. Enter amount and confirm locking.
5. Earnings accrue during the lockup period.
6. After maturity, withdraw or restake.

Additional staking notes

• KYC may be required for promotional offers.
• Minimum staking amounts apply depending on the token.
• MX token holders receive additional bonuses and perks.
• Detailed staking info (start date, yield date, unlock date) is displayed in the interface.

Trading Fees

MEXC has some of the lowest trading fees in the industry: 0% maker fee and 0.05% taker fee (spot), 0%-0,04% maker fee and 0%-0,1% taker fee (futures). Discounts apply for MX token holders and high-volume traders. Fees are subject to change depending on promotions and user tiers.