MEXC

MXC exchange is a famous cryptocurrency exchange. It is the first centralized platform to support new and promising projects.

Launched in 2018 in Seychelles, East Africa, MXC is a technically integrated cryptocurrency exchange and is rapidly gaining popularity among cryptocurrency users worldwide.

MXC Exchange Group is the best group in every aspect, and their members have different areas of expertise, especially in finance. All members of the group have solid experience in the financial and blockchain industries.

MXC Exchange is currently licensed to operate in five widely recognized countries including Switzerland, Estonia, Canada, Australia, and the United States. The trading platform offers around 371 cryptocurrencies (752 trading pairs) with a regular trading volume of approximately 4 billion USD.

MXC Exchange has achieved maximum visibility with regard to compliance. In addition to its MSB license based in the United States, MXC has immediately obtained an MTR license from the financial regulatory agency in Estonia, enabling them to provide cryptocurrency conversion, fiat currency exchange, and digital asset wallet services.

Security level

MXC has a premium cold storage wallet that manages around $500 million in digital currency deposits. To date, there have been no security-related issues with the exchange.

MXC provides commonly offered security features to users on exchanges, including 2FA and email/phone verification.

To improve user account security, MXC has upgraded its security system, requiring all users to link a mobile phone number or Google authenticator. The team has also made the following recommendations:

Use different login passwords and withdrawal codes on different exchange platforms and change them regularly.

Bind your IP if you use the API to transact.

Types of exchange fees on MXC exchange

When it comes to MXC Exchange’s reviews, the fee rate is simply 0.2% on each trade you make. Deposits are completely free, while withdrawal fees are subject to the transaction cost of the blockchain network being used.

Credit transactions (instant buy transactions made via bank cards) depend on the payment processor’s fee. Generally, these buy transactions can have a fee of 5% of the total transaction value.

Users can also use the perpetual futures trading platform linked to the tiered fee schedule on the MXC website. The discount rate provided for such futures trading volumes ranges from 5% to 30% for contract account balances or monthly trading.

The following payment methods and currencies are accepted at the MCX exchange:

Payment methods: bank transfer from your bank account, AliPay, or credit cards such as Visa or Mastercard.

Accepted fiat currencies: RMB, VND, AUD, GBP, EURO, PESO (MXN), and USD.

In addition, MXC Exchange only supports purchasing the following cryptocurrencies: USDT, BTC, ETH, EOS, XRP, BCH, LTC, and TRX.

Supported Cryptocurrencies and Decentralized Finance (DeFi)

MXC exchange offers 371 coins (752 pairs) trading.

The most important thing is that MXC is among the top players in the decentralized finance (DeFi) wave and continuously adds support for DeFi tokens. Currently, they provide trading for 17 top DeFi coins with the highest market capitalization, namely ChainLink ($LINK), Maker ($MKR), Synthetix Network Token ($SNX), Compound ($COMP), Aave ($LEND), DAI ($DAI), Ampleforth ($AMPR), 0x ($ZRX), Kyber Network ($KNC), UMA ($UMA), REN ($REN), Loopring Coin ($LRC), Bancor Network Token ($BNT), yearn.finance ($YFI), Thorchain ($RUNE), Reserve Rights Token ($RSR), and Kava ($KAVA).

But that’s not all, MXC also supports other popular DeFi coins including Keep ($KEEP), TrustSwap ($SWAP), UMA ($UMA), Balancer ($BAL), DMM: Governance ($DMG), bZx Protocol ($BZRX), and Orion Protocol ($ORN).

Therefore, if you want to trade these DeFi tokens and maximize your profits through different projects, then MXC exchange is a platform you should consider.

MXC Exchange account registration process

Registering for a trading account with MXC Exchange is a simple process. You just need to follow the steps below:

Step 1: Firstly, users need to download the MXC Pro app, open the app, and click on “Register”. Step 2: Two options will appear: Register by clicking on “Email” or “Phone”. Step 3: Next, users are required to enter their mobile phone number, email, and login password, and click “Enter”. Step 4: Users must click on “Get Code” to receive an SMS code. Step 5: You need to enter a referral code if another user has invited them. If not, they can leave the space blank. Step 6: Finally, users must click on “Register” and they have successfully registered with MXC Exchange.

How to buy cryptocurrency on MXC Exchange

To be able to carry out cryptocurrency trading transactions on the MXC exchange, please follow the steps below:

Step 1: First, log in to your account on the official MXC website and enter the cryptocurrency (you want to trade) into the search bar.

For example, BTC/USDT as the trading pair.

Step 2: Based on their preferences, users can enter a specific price level (they want to buy/sell) into the box or simply select a price level listed in the order book on the left. Then, you can finalize the quantity you want to buy/sell. Finally, click on Buy/Sell.

Customer support

Customer support on MXC starts with a typical frequently asked questions (FAQ) section, which is not organized as well as those on other major exchanges. It may be somewhat challenging to find what you are looking for when using the search function on the website.

Additionally, there is a quick-start guide section that seems helpful, but the text-based steps are concise, and some of the instructional videos are in Mandarin rather than English.

Regarding receiving direct support, there is a chat support provided on the website, as well as an option to send an email to MXC directly through the customer service email address at the bottom of the exchange’s webpage.

Conclude

After this review of MXC, is it possible to partly determine if mxc is reputable? We find it to be a reliable exchange with a solid foundation, safety and security features, and a large number of features.Good luck.