MXC Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Investment programs are available
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Investment programs are available
Our Evaluation of MEXC
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
MEXC is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 9.68 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by MEXC clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
MXC is a cryptocurrency exchange and P2P platform specializing in crypto/crypto trading pairs. The company offers a proprietary terminal and staking for passive investment.
Brief Look at MEXC
The MXC cryptocurrency exchange (MXC.com) has been operating since 2018. The company is registered in Singapore, which is a loyal digital asset jurisdiction. The platform offers clients trading and P2P exchange services. The main specialization of the trading platform is to provide clients with crypto/crypto trading services with currencies such as Bitcoin (BTC), Ethereum (ETH), and Tether USD (USDT). The undoubted bright side of the platform is access to cryptocurrency ETF funds.
- 120+ cryptocurrencies for trading;
- receive additional income through staking and holding;
- an affiliate program with income up to 80% of the deposit of the invited trader.
- commissions of 0.2% per trade;
- withdrawal fees (0.0005 BTC for Bitcoin);
- lack of support for fiat currencies for trading;
- no MAM or PAMM accounts;
- mandatory verification.
TU Expert Advice
Financial expert and analyst at Traders Union
The MXC exchange has been in business for over three years. During that time, there were no high-profile scandals with the cryptocurrency exchange related to the security of clients' funds. The company offers services of a crypto exchange, P2P exchange, and cold storage of cryptocurrencies in proprietary e-wallets.
The platform offers clients over 400 trading pairs with 127 cryptocurrencies, but these are not the only opportunities for traders. Also, users can work with cryptocurrency ETFs and derivatives, so the choice of assets and trading instruments here can be considered excellent.
The commission policy on MXC.com is not very profitable. First, we are talking about a fairly high commission per trade, which is 0.2%. In addition, there are fees for withdrawing funds. Passive income opportunities are a nice bonus for clients. The company charges profit for holding (storage of cryptocurrencies) and staking (temporary freezing of digital assets in the wallet).
MEXC Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard, P2P platform |
| 💰 Account currency: | USD, cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Cryptocurrencies (you can also buy cryptocurrency through a P2P platform) |
| 🚀 Minimum deposit: | From USD 1 |
| ⚖️ Leverage: | Up to 1:10 (for some pairs) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | Investment programs are available |
| 🎁 Contests and bonuses: | On a regular basis |
On the MXC.com website, 127 cryptocurrencies are available to clients. For each pair, BTC, ETH, and USDT are available. Clients can work with leverage, the maximum size of which is 1:10. The company offers both trading and P2P exchange.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.2% | Yes |
A comparative analysis of MXC commissions with similar values of other cryptocurrency exchanges was also carried out, based on which the following ranking was made.
| Broker | Average commission | Level |
|---|---|---|
|
$0.2 | |
|
$20 | |
|
$0.1 |
Investment Options
The MXC exchange offers traders two types of investment instruments. Users can earn additional income by simply storing cryptocurrencies in their e-wallet, called holding. Staking is also provided on the platform. Unlike holding, here it is necessary to freeze coins for a certain period before the interest rate is calculated.
Holding cryptos at MXC promotes favorable conditions for 9 types of cryptocurrencies
Holding via the MXC investment program allows the receipt of interest for storing cryptocurrencies or tokens in the wallet. However, traders can freely dispose of these assets. The interest rate is charged on the balance of assets every day during which one or another cryptocurrency or token is stored in your account. The program covers nine types of digital assets:
Helmetinsure (HELMET);
PancakeSwap (CAKE);
Beacon ETH (BETH);
Kusama (KSM);
MDX Token (MDX);
Polkadot (DOT);
Dash (DASH);
ChainX (PCX);
Tether USD (USDT).
The Holding Program for USDT is developed directly by MXC for clients who store USDT in a cryptocurrency exchange wallet. The return on MXC investment programs varies depending on the instrument chosen. For example, for HELMET, it is 8.88% per annum, for USDT, it is 1.88%.
Staking at MXC: A special offer for investors
The MXC broker also offers customers and additional income through staking. In this case, users need to freeze a certain number of coins for a certain period. Within this period, interest is charged on the saved digital assets. Assets cannot be disposed of until the staking period expires. As soon as the freeze period ends, the platform pays the amount + interest.
MXC staking can be carried out with the following types of digital assets:
Bitcoin (BTC);
Ethereum (ETH);
Tether USD (USDT);
EOS (EOS);
Polkadot (DOT);
Kusama (KSM).
The interest rate for each type of digital asset is also different. For example, for BTC and ETH, it is 4.00% per annum, for USDT, it is 6.88% per annum. The freeze period is also different. For example, for BTC, the minimum freeze period is 15 days, for ETH, it's 7 days.
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
MXC’s affiliate program
Classic affiliate program. Cryptocurrency exchange clients can promote services through a referral program. To do this, you can get a referral link in your account.
The company charges a fee for registration and account replenishment by an affiliate. MXC.com pays customers up to 80% of the affiliate's replenished amount.
User Satisfaction