What Is MEXC?
MEXC is a Tier 2 exchange with over 3000+ cryptocurrencies making it the most diverse platform in the industry, the platform launched in 2018 it's headquarters in Victoria, Seychelles. and since then it has grown to over 40,000,000+ (40M+) users in over 170 countries, the platform is known for launching low cap gems, which most exchanges don't do until the crypto project that runs the coin hits a few million market cap. The benefits of using the MEXC platform is the bonuses it gives to the users, airdrops, early token launches, low to no-fees when trading.
How Can You Trade On MEXC?
There are 4 types of accounts on MEXC that you can trade one, let's delve into them for a deeper understanding.
1. Spot - This account allows for you to purchase and hold tokens risk-free on the central exchange OR if you would prefer to send them over to a cold wallet as it does cost a lot more to swap tokens on decentralized exchanges (DEX) than it will on centralized exchanges (CEX) also not to alarm but just incase the exchange decides to de-list that token (This might be the case "IF" you're a long term holder as not all tokens survive in this wicked market) this is why you should always DYOR, check in on the community, see if the founders and tech team are active and what the project has achieved so far!
2. Futures - This is a perpetual account where you can trade with leverage from 1x-500x-1000x depending on if it's available on the exchange you use, you can start from anywhere between $100-$1000 to trade (Although it's not a good idea, all capital is at your risk only and no one else is responsible for any losses). The typical idea behind futures trading is to buy low sell high, buy low again so forth... or you can buy high and sell higher :P - NFA.
3. Fiat - Just like your local bank you can store USD, EUR and/or GBP in your MEXC account, the benefits of holding these top valued FIAT currencies is you can do quick conversions and transfers instead of having to send money from your bank account to a CEX and then having to wait to receive them in your account.
4. Copy Trading - Copy trading is a useful tool if you have extra funds and want to put your trust into someone else's work, you can find a trader and if you like the %APY on their account you can start copying their trades by setting up the amount of $ you want to tie to them and then the system does the rest.
MEXC Referral Program
This is the part that gets me excited, I love seeing companies putting together things that bring the community together, such as referrals, contests and raffles you name it, the MEXC referral program offers up to %40 commission from registered users, there is always something going on to get users to engage with each other and stack up on crypto and bring on new users. At the current time of the writing of this affiliate for every referral you bring to the platform you will win 20USDT which will be deposited into your account once the referee activates their account.
You can join me through this MEXC LINK I would really appreciate it and looking forward to seeing you there.
MEXC Affiliate Program
What makes the affiliate program stand out from the referral is you earn more returns from your referees, the affiliate programs offers up to %70 and the awesome part about this is it's totally fee to sign up, just make sure you're an active trader on their platform.
Conclusion
Thank you so much for reading this article, If you're new to crypto and are looking for a trusted CEX this is the one.
Please drop a comment or reach out to me on X - @Soberchino1 if you'd like me to write about another exchange or have a project you'd like me to promote, looking forward to hearing you feedback.
