MEXC is a cryptocurrency exchange located in Singapore, which started its service in 2018. It is a very popular exchange for crypto traders as it allows you to trade on all over 500 stocks. There is a “Beginner Bonus” called MEXC Beginner Task, and you can get a futures bonus for free. At MEXC, there are no account maintenance fees or deposit fees, but transaction fees are a certain $ 0.2, so it may be a little expensive. However, it is recommended because it has a reputation for being very easy to see the trade screen.
MEXC is a cryptocurrency brand operated by MEXC Global Ltd. The cryptocurrency trading service will be available in 2018, and it has a long history among cryptocurrency exchanges.
|Company Name||MEXC Global Ltd.|
|Business start date||2018|
|number of employees||Unpublished|
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is MEXC licensed?
|Company Name||Acquisition license|
|MEXC Global Ltd.||Estonian Financial Regulatory Authority (MTR)|
|MEXC Global Ltd.||US Financial Crime Control Network (MSB)|
|MEXC Global Ltd.||Australian Financial Transaction Reporting and Analysis Center (AUSTRAC)|
|MEXC Global Ltd.||Center for Financial Transactions and Reporting Analysis of Canada (MSB)|
If you have any trouble, you can usually contact us by live chat or email, but the response is very fast. Unfortunately, MEXC does not offer telephone support.
|MEXC accepts 24 hours a day, 365 days a year, so you can send without worrying about the time. In most cases, you will receive a reply within a day.|
|Live chat||They accept applications 24 hours a day, 365 days a year on the official page. Use it if you want an immediate answer.|
The following languages are supported. Compared to other companies, it is very many and fulfilling.
- English language
Only the following two items are required to open a MEXC account.
- email address
- cell phone number
Enter your email address on the official MEXC page. Enter any password twice. Get an email verification code. Click the “click” part to send the email. You can find the verification code from the registered email address, so enter that number. Press the registration button to register.
You can also verify your identity. If you want to remove the withdrawal restriction, please confirm your identity. This applies to driver’s licenses / passports / government-issued cards. Since there is an identification button from the 5th icon from the upper right of the home screen, you can authenticate from there.
Transaction fees are a little higher at MEXC. There are many cryptocurrency exchanges other than MEXC, and transaction fees vary from free to 0.3%. As a discount, the commission on the transaction amount is often discounted.
You can trade over 600 stocks on MEXC. The following is an example, but you can trade many other coins. Please check the official page as the coins handled may change each time.
Scalping trades are allowed at MEXC. However, please be careful. Unlike foreign exchange, the price range of virtual currencies is very volatile. If you go the other way, be sure to decide the withdrawal point. If you go the other way, you may lose all your money.
Automatic trading is at your own risk
Recently, some people are selling automatic trading systems that support MEXC. However, automated trading carries great risks. When a one-sided trend appears, the unrealized loss becomes large and all the principal is often skipped. Furthermore, in the case of virtual currencies, trends are more likely to occur than foreign exchange, and price range fluctuations are more likely to occur. You may lose all your money in one trade, so please understand before deciding whether or not to do it. Discretionary trading is recommended.
Low risk, low return for beginners
Beginners should not be familiar with cryptocurrency FX yet, so let’s start with low risk and low return.
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about MEXC, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.
|Withdrawal information error||You cannot withdraw if the withdrawal destination is incorrect.|
|Under maintenance||Withdrawals may be delayed during system maintenance.|
|Campaign Bonus Withdrawal||Campaign bonuses cannot be withdrawn.|
The problem with MEXC is that it doesn’t have phone support, but it has a lot of language support and should be satisfying. The feature is that email support is also very quick.