Placing Your First MEXC Order
Placing Your First MEXC Order
MEXC is a global cryptocurrency exchange that offers a wide range of digital asset trading services, including spot trading, derivatives, and other financial products. This guide provides a beginner-friendly overview of getting started with placing your first trade on the platform.
Core Features and Supported Assets
MEXC supports trading for hundreds of cryptocurrencies. Users can engage in trading across various categories, including major coins, established altcoins, and newer token listings.
Core features typically include:
- Spot Trading: Direct buying and selling of cryptocurrencies.
- Futures Trading: Trading contracts based on the future price movement of assets.
- Staking and Earning Products: Opportunities to earn passive income on held assets.
For a detailed list of available assets, please refer to the exchange's trading interface.
Fees Structure
Trading fees on MEXC are generally competitive, often structured based on a maker/taker model. Fees can vary depending on whether you are using the native token (if applicable) for fee discounts or based on your 30-day trading volume tier. Always check the current fee schedule on the official MEXC website.
Spot vs. Futures Trading Basics
MEXC offers two primary trading environments:
- Spot market: When you trade on the Spot market, you are buying or selling the actual underlying asset. If you buy Bitcoin, it is deposited into your exchange wallet.
- Futures contract: Trading futures involves speculating on the future price of an asset using leverage. This is a more advanced product. Users can explore strategies using futures, such as How to Use Crypto Futures to Protect Your Investments or How to Diversify Your Portfolio with Futures Contracts. Always remember to Diversify Your Strategies.
Order Types Available
Understanding order types is crucial for effective trading. MEXC supports standard order types on both spot and futures markets:
| Order Type | Description |
|---|---|
| Limit order | Specifies the exact price at which you wish to buy or sell. The order only executes when the market reaches that price. |
| Market order | Executes immediately at the best available current price in the Order book. |
| Stop-Limit Order | Combines a stop price trigger with a limit price for execution. |
Liquidity and Markets
Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. High-volume pairs (like BTC/USDT) generally have high liquidity, meaning you can execute large trades quickly using a Market order with minimal slippage. Lower-volume pairs might require using a Limit order to ensure you get a favorable price.
Security Practices
MEXC employs standard industry security measures, including two-factor authentication (2FA), cold storage for the majority of assets, and withdrawal confirmations. Users are strongly encouraged to enable 2FA immediately upon registration.
KYC and Limits
Know Your Customer (KYC) verification levels determine your withdrawal and trading limits. Basic trading might be possible without full KYC, but higher daily withdrawal limits usually require completing identity verification. Consult the official MEXC guidelines for current requirements.
Funding and Withdrawals
To place an order, you must first fund your account, typically by depositing supported cryptocurrencies or using fiat on-ramps if available in your region. Withdrawals require confirming the destination address and often involve a small network fee.
Mobile and Web User Experience (UX)
MEXC offers both a web-based platform and dedicated mobile applications (iOS and Android). The web interface is generally preferred for detailed analysis and complex order placement, while the mobile app provides convenient access for monitoring positions and executing quick trades on the go.
First Steps Checklist
Before placing your first trade, ensure you have completed these steps:
- Create an account: Register here.
- Enable Two-Factor Authentication (2FA).
- Complete necessary KYC verification based on your intended trading volume.
- Deposit the cryptocurrency you wish to trade with.
Risks and Responsible Trading
Cryptocurrency trading, especially involving leverage through Futures contract trading, carries substantial risk. It is possible to lose all invested capital. Only trade with funds you can afford to lose, and never invest based on speculation alone.
See also (on this site)
- MEXC Exchange: Understanding Trading Fees
- Exploring MEXC Supported Crypto Assets
- Assessing MEXC Exchange Liquidity
- MEXC KYC Requirements and Limits
Recommended articles
- Market Order vs Limit Order
- Order books
- Market order types
- How to Recover Your Account if You Lose Access to a Crypto Exchange
- Order Book depth
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 |
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