Navigating the world of cryptocurrency exchanges can be overwhelming, especially when it comes to understanding the complex structure of trading fees. If you’re thinking about using MEXC for your crypto trading, you’re in the right place. In this guide, we’ll break down what you need to know about MEXC trading fees, how they compare to other platforms, and how you can maximize savings as a user.
What Are Trading Fees on MEXC?
On any cryptocurrency exchange, trading fees are charges paid when you buy or sell cryptocurrencies. These fees can vary based on your trading volume, the type of order you use (maker or taker), your account level, or the specific pairs involved. MEXC aims to provide competitive fees and a transparent fee schedule, which makes it a favorite for both new and experienced traders.
MEXC’s Standard Fee Structure
- Spot Trading Fees:
- Maker: 0.1%
- Taker: 0.1%
- Futures Trading Fees:
- Maker: 0.02%
- Taker: 0.06%
These are the starting rates. By holding/burning MEXC’s native token (MX), you can unlock fee discounts. For regular traders and beginners, the default 0.1% fee is quite attractive compared to many competitors where fees can go as high as 0.2%-0.5% per trade.
How Are MEXC Trading Fees Calculated?
Fees are typically deducted automatically from your transaction. If you buy 1 ETH at $2,000 on a 0.1% fee:
– Fee paid = $2
MEXC displays fee estimates before confirming your orders for transparency.
Spot vs. Futures Fees
MEXC distinguishes between spot and futures trading. Futures contracts often have lower percentage fees, especially for makers who add liquidity.
- Maker Orders: Provide liquidity by placing limit orders that aren’t immediately matched with an existing order.
- Taker Orders: Remove liquidity by fulfilling an existing order.
Being a maker often comes with reduced fees to incentivize liquidity.
Discounted Fees and Bonuses
MEXC supports various promotions, discounts for MX token holders, and fee rebates for high-volume traders. If you hold or pay with MX tokens, you can get up to 20% off spot trading fees.
Example:
– Holding MX reduces spot fee to 0.08%.
Further, MEXC occasionally offers zero-fee or special promotional rates on selected trading pairs.
MEXC Versus Other Exchanges
Comparing against major exchanges:
– Binance: 0.10% spot, but less transparent with some pairs and VIP levels.
– Coinbase Pro: 0.5%–0.6%. Much higher.
– Kraken: 0.16%–0.26% for spot.
MEXC’s baseline 0.1% makes it one of the lowest cost, especially if you qualify for additional discounts.
Are There Extra Fees on MEXC?
Beyond trading costs, consider:
– Deposit Fees: Free for most crypto deposits
– Withdrawal Fees: Flat fee per coin, varies by network
– Inactivity Fees: None
Always check fee tables for the specific coin as blockchain congestion may affect them.
How to Sign Up and Benefit from Lower Fees
Ready to save on your trading journey? Register for MEXC and use the MEXC referral code mexc-CRYPTONEWER to unlock exclusive rewards and gain early access to fee-saving promotions. The registration is quick, user-friendly, and you’ll be eligible for bonus incentives for new users.
Tips for Saving on MEXC Trading Fees
- Trade with Limit Orders: Earn the maker discount.
- Hold MX Tokens: Activate further fee cuts.
- Stay Updated: Look out for zero-fee campaign announcements.
- Increase Volume: Higher tiers can earn you rebates and VIP perks.
MEXC’s transparent, low-fee structure makes it an appealing choice for traders seeking fair pricing. For consistent savings, always check the official MEXC fee schedule.
