Have you heard about the MEXC coin? Digital currency issued by MEXC Trading exchange? Do you want to know how to trade MEXC coins safely and effectively? Please accompany MEXC Trading to provide you with useful information about a MEXC coin. Includes history, achievements, reputation, trading volume, and a few things traders should keep in mind when trading with the exchange’s cryptocurrencies.

Overview of MEXC coin

MEXC coin is a foundation coin of the MEXC cryptocurrency exchange. This is one of the world’s leading exchanges in terms of trading volume and the number of virtual currencies listed.

What is the MEXC token platform coin?

The exchange cryptocurrency has the symbol MX and is developed on the Ethereum platform according to the ERC-20 standard. MX has an important role in maintenance. And develop the ecosystem of the MEXC floor. As well as bringing many benefits to users and investors.

MEXC token is a utility token used to pay transaction fees. At the same time, traders can participate in promotions. Get voting rights for new projects. At the same time enjoy other incentives on the MEXC floor. MX can also be traded with other virtual currencies on the MEXC exchange. Or other exchanges.

Besides the MEXC coin, what other trading products are there?

In addition to MEXC coin trading. MEXC floor also provides users with many other trading products such as:

• Spot Trading: Users can trade over 500 different virtual currencies with the lowest trading fees in the industry.
• Contract Trading: Users can trade futures and options contracts with up to 125x leverage. At the same time use USDT or virtual currency as collateral.
• ETF Trading: Users can trade exchange-traded funds (ETFs) with leverage ranging from 2x to 5x, going long or short of the market.
• Margin trading: Users can borrow virtual currency from exchanges or other lenders to increase profits or reduce risks.
• OTC trading: Users can buy and sell virtual currency with fiat currency through reputable brokers.

>>See more: MEXC account create is detailed and simple for beginner

Is trading MEXC coin reputable?

Trading coin MEXC is a safe and smart choice. This is an investment channel for those who want to invest in a foundation coin of a reputable and developed cryptocurrency exchange.

History of the birth of the MEXC coin

The exchange’s cryptocurrency was launched in 2018 as an ICO, with a total supply of 10 billion tokens. During the ICO, 5 billion MXC tokens were sold, raising about 25 million USD. To become a foundation coin for the MEXC ecosystem. Coin MXC is currently traded on many major cryptocurrency exchanges, including Binance, HTX (Huobi Global), KuCoin,…

Achievements achieved by the MEXC exchange

MEXC exchange has achieved many significant achievements in the field of cryptocurrency trading, including:

• Ranked in the top 10 largest cryptocurrency exchanges in the world according to CoinMarketCap.
• Listing hundreds of high-quality virtual currencies. There are many new and potential projects such as NFT, DeFi, GameFi, and Metaverse.
• MEXC currently has more than 6 million active users from more than 200 countries and regions.
• Received many official operating licenses from countries such as Australia, Estonia, and the United States.

The reputation of the MEXC floor

MEXC always attaches great importance to protecting the safety and rights of users. MEXC has applied many advanced security measures such as:

• Cold storage system to protect user assets from cyber attacks.
• Two-factor verification (2FA) system to prevent unauthorized access to user accounts.
• Fraud detection system to prevent unusual or malicious transaction activities.
• Insurance funds to compensate users in case of technical problems or personnel errors.

A few things traders need to keep in mind when trading with MEXC coin

Trading with exchange coins also has risks and difficulties that traders need to keep in mind. Below are a few things traders should keep in mind when trading with the exchange’s coins.

Secure MEXC token wallet

MEXC token is the ERC-20 version of the cryptocurrency on the exchange. To own and use MEXC tokens. Traders need to have an e-wallet compatible with the ERC-20 standard, such as MetaMask, Trust Wallet, or Ledger. A digital wallet is a place to store private keys to access and manage a user’s digital assets. Therefore, e-wallet security is very important to avoid theft or theft.

Understand the regulations and policies of the MEXC floor

MEXC Trading floor has regulations and policies for trading MEXC exchange coins and tokens. Traders need to clearly understand MEXC’s regulations and policies. From there, avoid unnecessary troubles and losses. Some regulations and policies that traders need to keep in mind are:

• Transaction fees: The MEXC Trading platform applies different transaction fees for different types of transactions. Transaction fees can be reduced when using coins or participating in VIP levels of the exchange.
• Trading limits: MEXC Trading has minimum and maximum trading limits for different types of transactions.
• Terms and conditions: The platform has its terms and conditions for the use of the platform and its features. Terms and conditions may change according to time and market conditions.

Be careful with parties impersonating the MEXC exchange

Due to the development and success of the MEXC Trading floor. The market appears to have many fake parties pretending to be MEXC to defraud or appropriate users’ assets. Rogue parties may use methods such as:

• Create websites, applications, or communication channels like MEXC.
• Sending emails, messages, or calls pretending to be employees or partners of MEXC.
• Claiming that the user has won a prize or received special offers from MEXC.
• Creating fake events, campaigns, or projects related to MEXC exchange.

So in the above article, MEXC Trading has helped you get useful information about MEXC coin. Traders now know what MEXC is, whether it is reputable, as well as the steps to create an account, verify identity, deposit money, and buy coins on the MEXC exchange. Thereby helping you have a safe and effective way to trade. Through this, users can choose for themselves a quality investment platform and asset type. Hopefully, this article will help you gain more knowledge and experience when participating in the cryptocurrency market.

>>See more: MEXC – The world’s leading cryptocurrency exchange

FAQ

What is the MEXC coin?

MX coin is a platform coin of the MEXC cryptocurrency exchange. This is one of the world’s leading exchanges in terms of trading volume and number of virtual currencies listed.

Is MX coin reputable?

Coin MX is a reputable and valuable digital currency. As of July 2023, the capitalization of MEXC coin is about 16 million USD. This is the 690th highest capitalization among cryptocurrencies in the world. In addition, MXC is also listed on many other reputable exchanges. These include Binance, Cooperative, OKEx, and KuCoin.

When was the MEXC coin born?

Coin MX was launched in 2018 with a volume of 1 billion tokens. To become a foundation coin for the MEXC ecosystem.