MEXC Exchange: Supported Cryptocurrencies
MEXC Exchange: Supported Cryptocurrencies
MEXC is a global cryptocurrency exchange offering a wide range of digital assets for trading. This article provides a beginner-friendly overview of the platform, covering its core features, supported cryptocurrencies, trading options, security practices, and more.
Core Features
- **Spot Market:** MEXC offers a robust spot market where users can buy and sell cryptocurrencies directly from each other.
- **Futures Contracts:** MEXC also provides a futures market where traders can speculate on the future price of cryptocurrencies.
- **Variety of Cryptocurrencies:** MEXC supports a large number of cryptocurrencies, including popular coins like Bitcoin (BTC), Ethereum (ETH), and many altcoins.
- **Multiple Order Types:**
MEXC offers various order types to suit different trading strategies, including:
- **Limit Orders:** Buy or sell at a specific price.
- **Market Orders:** Buy or sell at the current market price.
- **Stop-Loss Orders:** Automatically sell to limit potential losses.
- **Take-Profit Orders:** Automatically sell to secure profits.
- **High Liquidity:** MEXC boasts high liquidity across its trading pairs, ensuring smooth order execution.
- **Advanced Trading Tools:** The platform provides advanced charting tools, technical indicators, and an order book for analyzing market movements.
Supported Assets
MEXC supports a wide range of cryptocurrencies, including:
| Cryptocurrency ! Symbol | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| BTC | ETH | LTC | XRP | DOGE | BNB | ADA | SOL | DOT | UNI |
This is not an exhaustive list, and MEXC regularly adds new cryptocurrencies to its platform.
Spot Trading Basics
On the Spot market, users buy and sell cryptocurrencies at their current market price. It's a straightforward way to enter the crypto market and potentially profit from price fluctuations.
- How to Place a Spot Order:**
1. Choose the cryptocurrency pair you want to trade. 2. Select the order type (e.g., limit or market order). 3. Enter the amount you wish to buy or sell. 4. Review and confirm your order.
Futures Trading Basics
Futures contracts are agreements to buy or sell a specific asset at a predetermined price and date in the future. They allow traders to speculate on price movements and potentially leverage their positions.
- Key Features of MEXC Futures:**
- **Leverage:** Traders can use leverage to amplify their trading positions, potentially increasing profits (but also risks).
- **Margin Trading:** Futures trading involves using margin, which is a percentage of the contract value that must be deposited as collateral.
- **Liquidation:** If the market moves against your position and your margin is depleted, your position may be automatically liquidated to cover potential losses.
Order Types
MEXC offers several order types to cater to different trading strategies.
- **Limit Order:** A buy or sell order that is executed only at a specific price or better.
- **Market Order:**
A buy or sell order that is executed immediately at the best available market price.
- **Stop-Loss Order:**
An order that automatically sells an asset when it reaches a predetermined price, helping to limit potential losses.
- **Take-Profit Order:** An order that automatically sells an asset when it reaches a predetermined price, helping to secure profits.
Liquidity and Markets
MEXC boasts high liquidity across its trading pairs, ensuring smooth order execution. The platform offers a variety of markets, including:
- **BTC Markets:** Markets where Bitcoin is traded against other cryptocurrencies.
- **USDT Markets:** Markets where cryptocurrencies are traded against Tether (USDT), a stablecoin pegged to the US dollar.
Security Practices
MEXC prioritizes security and employs several measures to protect user funds:
- **Two-Factor Authentication (2FA):**
Adds an extra layer of security by requiring a unique code in addition to your password.
- **Cold Storage:**
A significant portion of user funds are stored offline in cold wallets, providing enhanced security against hacking attempts.
- **Multi-Signature Wallets:**
Transactions require multiple authorizations, reducing the risk of unauthorized access.
KYC/Limits
MEXC requires users to complete Know Your Customer (KYC) verification to comply with regulations and prevent fraudulent activities. KYC involves providing identification documents to verify your identity.
Trading limits may vary depending on your KYC verification level.
Funding and Withdrawals
MEXC supports various funding and withdrawal methods, including:
- **Cryptocurrency Deposits:**
Depositing cryptocurrency into your MEXC account is typically free.
- **Bank Transfers:**
You can fund your account using bank transfers, but fees may apply.
- **Withdrawal Fees:**
Withdrawal fees vary depending on the cryptocurrency and withdrawal method.
Mobile and Web UX
MEXC offers a user-friendly platform accessible through both web and mobile applications.
- **Web Platform:** The web platform is intuitive and provides a comprehensive trading experience.
- **Mobile App:**
The mobile app allows users to trade on the go and manage their accounts conveniently.
== Risks and Responsible Trading ==
Cryptocurrency trading involves inherent risks, including price volatility, market manipulation, and the possibility of losing your investment.
Here are some tips for responsible trading:
- **Start Small:** Begin with a small amount of capital that you can afford to lose.
- **Diversify:** Don't put all your eggs in one basket; diversify your portfolio across different cryptocurrencies.
- **Do Your Research:**
Thoroughly research any cryptocurrency before investing. Understand the project, its technology, and the risks involved.
- **Use Stop-Loss Orders:**
Set stop-loss orders to limit potential losses.
- **Stay Informed:**
Keep up-to-date with market trends and news that may affect cryptocurrency prices.
First Steps Checklist
1. **Register an account:** Register here 2. **Complete KYC verification.** 3. **Fund your account.** 4. **Familiarize yourself with the platform's interface.** 5. **Start with small trades and gradually increase your position size as you gain experience.**
See also (on this site)
- MEXC Spot Trading Explained
- Understanding MEXC Futures Trading
- MEXC Order Types for Buying and Selling
- MEXC Fees: Trading and Withdrawal Costs
Recommended articles
- How to Use a Cryptocurrency Exchange for Automated Trading
- Step-by-Step Guide to Choosing the Right Crypto Futures Exchange
- How to Choose the Right Crypto Futures Exchange in 2024
- Exchange Security Best Practices
- Unique Features per Exchange
== 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 |
Join Our Community
Follow @startfuturestrading for signals and analysis.