MEXC Global: What to Expect|
MEXC is a P2P platform and cryptocurrency exchange. It has implemented advanced technologies that allow for up to 1.4 million transactions per second. Customer privacy is the main priority of MEXC. All information about the service is located in different parts of the world. This guarantees the safety and integrity of confidential data. To learn more, go by the link.
The company was founded in 2018 as a centralized platform. It is now located in Seychelles.
In 2022, it is noted that it’s legal and available in more than 200 countries, serving more than 10 million customers. There are 1504 coins available for trading and daily turnover exceeds a billion dollars. The owners of the crypto exchange believe it has the potential to expand further.
MXC, the project’s own token, is very popular in Asia because of its listing on Chinese sites. They are also the main financiers of this coin.
Advantages and disadvantages
The number of trading pairs as well as the opportunity to buy cryptocurrencies through the card are the most popular options that make the platform favorite among customers. Another advantage would be the use of the Loop Alliance feature, which managed to reduce the blockchain load and optimize the service fee. However, transaction fees are still high.
Another great feature is stands out access to 1504 cryptocurrencies. Customers can use more than 2,000 trading pairs. The exchange works reliably and without delays.
This service provides cryptocurrency trading services like other crypto exchanges. Here is an example of features that set it apart from other projects.
Account levels and limitations
After logging in, it is worth writing to firstname.lastname@example.org. This is the way to get VIP status on the platform. To obtain it, you have to meet certain conditions including a set daily trading volume. There are two types of VIP status with different features.
The first one is intended for trading volume over 200K USDT/day. It provides the following benefits:
- Low commission.
- Access to external trades.
- VIP badge.
- In-person events.
- Notifications about updates.
The second one opened for a turnover of more than 500K USDT/day. Its advantages:
- Previously listed benefits.
- Extended connection to the API.
- Access to the beta testing of concepts under development.
- Increased priority in deposit processing.
- Increased withdrawal limit.
On MEXC there is a flat fee system for buyers and sellers. The transaction amount is of 0.2%. It is reduced by MXC tokens (by 20%) and VIP status.
This number is not the lowest commission index, and you can see an additional percentage for withdrawal. Each cryptocurrency shows its own plan, so you need to clarify it. Depositing is free, but there is a threshold of 5 USDT.
To date, MEXC has not recorded a single case of hacking. Security is achieved by anti-phishing ciphers as well as modern 2FA. However, in the event of an intervention by competent authorities, the company is obliged to provide all requested information. At the same time, all suspicious transactions and transfers are blocked.