MEXC Review: Trading Platform, Account Types and Payouts
Introduction
MEXC Global opened its doors in 2018 in Seychelles, East Africa and has recently gained global prominence. It is a high-performance platform with many currencies, minimal trading fees, derivatives and DeFi products.
MEXC is accessible in nearly every country, including those with stringent regulations, such as the United States, Australia, and Canada. It places a significant premium on customer satisfaction, as evidenced by its diverse products and excellent customer service.
Trading Platform
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at MEXC in spot trading mode, obtained on 23 January 2023:
Deposit and Withdrawal
MEXC Global offers multiple deposit methods for investors in over 170 countries with over 50 different fiat currencies. The primary deposit methods available on MEXC are:
- Cryptocurrency deposits: Users can deposit various cryptocurrencies supported by MEXC into their respective wallets on the platform. Typically, users transfer cryptocurrencies from their external wallets or another exchange to their MEXC wallet address.
- Fiat currency deposits: MEXC Global supports deposits in over 50 fiat currencies via bank transfers, SEPA, FPS, E-Wallets, ACH Transfer and many other methods.
- Credit/debit card deposits: MEXC offers instant debit card and credit card deposits in any currency in all countries.
Keep in mind that deposit options may vary depending on the user’s country, local regulations, and the platform’s policies.
Mobile App
The MEXC Global app has a simple and intuitive interface that is easy to use for both beginners and experienced traders. It is available for Android and iOS devices. On the app store, it is rated 3.4 stars from 75 reviews and 4.1 stars from 17K reviews on the Google Play store.
Customer Support
MEXC Global has a large customer support team and online presence. The platform offers 24/7 live support via their live chat feature and on email. You can also reach them on Telegram, Discord, Youtube, Twitter, Facebook, Reddit, LinkedIn, Instagram, Medium VK.
Conclusion
MEXC stands out as a versatile cryptocurrency exchange, offering a vast array of over 1,100 cryptocurrencies, various staking options, and user-friendly features like copy trading and crypto ETFs. While KYC is not mandatory for account creation, it is required for certain activities.
With competitive fees, a solid mobile app, and licenses in multiple jurisdictions, MEXC has established itself as a legitimate and accessible platform for traders worldwide. However, it’s important to consider the mixed customer reviews on support when choosing an exchange. Overall, MEXC Global presents a comprehensive and appealing option for both novice and experienced crypto traders.
