Spot Trading Vs. Futures Trading on MEXC Explained
MEXC Explained: Spot Trading vs. Futures Trading
MEXC is a global cryptocurrency exchange offering a wide range of trading options, including spot and futures markets. This article provides a beginner-friendly overview of MEXC, covering key features, fees, supported assets, and more.
Core Features
- **Spot Market:** The Spot market allows users to buy and sell cryptocurrencies at their current market price. It's a straightforward way to enter the crypto market.
- **Futures Market:** Futures trading involves speculating on the future price of a cryptocurrency. Traders can profit from both price increases (long positions) and decreases (short positions).
Supported Assets
MEXC supports a wide variety of cryptocurrencies, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Dogecoin (DOGE)
- And many more!
For a complete list of supported assets, please visit the MEXC website.
Spot Trading on MEXC
- **Order Types:**
* **Limit Order:** Buy or sell at a specific price. * **Market Order:** Buy or sell at the best available price.
- **Liquidity/Markets:**
MEXC offers a deep order book with high liquidity for major cryptocurrencies, ensuring smooth trade execution.
- **Fees:**
MEXC charges competitive trading fees, which vary depending on the trading pair and your trading volume.
You can find detailed information about MEXC's fee structure on their website.
Futures Trading on MEXC
- **Contract Types:**
MEXC offers perpetual futures contracts, which have no expiry date.
- **Leverage:**
Users can trade with leverage, magnifying potential profits (and losses).
- **Order Types:**
MEXC offers various order types for futures trading, including limit orders, market orders, and stop orders.
- **Risk Management:**
MEXC provides risk management tools such as stop-loss orders and margin requirements to help manage potential losses.
- **Fees:**
Futures trading fees are typically higher than spot trading fees.
You can find detailed information about MEXC's futures trading fees on their website.
Security Practices
MEXC prioritizes security and employs several measures to protect user funds, including:
- **Two-Factor Authentication (2FA):**
Adds an extra layer of security to your account.
- **Cold Storage:**
A significant portion of user funds are stored offline in cold storage, making them less vulnerable to hacking attempts.
- **Regular Security Audits:**
MEXC undergoes regular security audits to identify and address vulnerabilities.
KYC/Limits
MEXC requires users to complete Know Your Customer (KYC) verification to comply with regulatory requirements.
KYC verification involves providing identification documents to verify your identity.
Trading limits may vary depending on your verification level.
Funding & Withdrawals
MEXC supports various payment methods for depositing and withdrawing funds, including:
- Cryptocurrency deposits and withdrawals
- Bank transfers
Withdrawal fees may apply.
Mobile & Web UX
MEXC offers a user-friendly platform accessible through both web and mobile applications.
The platform is designed to be intuitive and easy to navigate, making it suitable for both beginners and experienced traders.
First Steps Checklist
1. **Register:** Register here
2. **Complete KYC verification.** 3. **Explore the platform and familiarize yourself with the interface.** 4. **Start with small trades and gradually increase your position size as you gain experience.**
Risks and Responsible Trading
Cryptocurrency trading involves inherent risks, and it's crucial to trade responsibly.
- **Volatility:** Cryptocurrency prices can be extremely volatile, leading to significant gains or losses.
- **Leverage:** Trading with leverage can magnify both profits and losses.
- **Scams and Hacks:** Be cautious of scams and phishing attempts. Only trade on reputable exchanges like MEXC.
- **Do your research:** Before investing in any cryptocurrency, thoroughly research the project and understand the risks involved.
- **Invest only what you can afford to lose:** Never invest more than you can afford to lose.
- **Start small and gradually increase your position size as you gain experience.**
See also (on this site)
- MEXC Exchange Review: Key Features and Benefits
- Trading Fees on Mexc: A Breakdown for Beginners
- Cryptocurrencies Supported on MEXC
- Understanding Order Types on MEXC
Recommended articles
- Best Cryptocurrency Futures Trading Platforms with Low Fees and High Security
- Crypto Futures Exchanges
- What Are Expiration Dates in Futures Contracts?
- Patrones de Gráficos en Crypto Trading
- The Best Times to Trade Futures Markets
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 |
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