Understanding MEXC Order Types
Understanding MEXC Order Types
MEXC is a cryptocurrency exchange that offers a wide range of trading products, including spot trading and derivatives trading (futures). This overview is designed for beginners looking to understand the core mechanics and order types available on the platform.
Core Features of MEXC
MEXC aims to provide a comprehensive trading environment. Key features generally include:
- High trading volume across many pairs.
- Support for both Spot market trading and leveraged trading via Futures contracts.
- A variety of trading tools and charting capabilities.
- Support for numerous digital assets.
To begin trading on the platform, users must first create an account. You can Register here.
Fees Structure
Trading fees on MEXC are generally competitive, often employing a maker/taker model. Fees can vary based on the user's VIP level, which is determined by trading volume and the amount of MEXC tokens held. It is important to review the current fee schedule, especially when comparing Spot market fees against Futures contract trading fees, as they are often structured differently.
Supported Assets
MEXC supports a vast array of cryptocurrencies, ranging from major assets like Bitcoin and Ethereum to numerous smaller-cap altcoins. The availability of assets dictates the trading pairs available in both the spot and futures markets.
Spot vs. Futures Trading Basics
Spot Trading
Spot market trading involves the immediate exchange of one cryptocurrency for another. If you buy BTC with USDT, you receive the actual BTC in your exchange wallet.
Futures Trading
Futures trading involves speculating on the future price movement of an asset using a Futures contract. This typically involves leverage, meaning traders can control a large position with a smaller amount of capital, amplifying both potential profits and potential losses. For more background, see Understanding the Basics of Futures Trading: A Beginner's Guide to Key Terms.
Understanding MEXC Order Types
The order type you select dictates how your trade is executed in the market. On MEXC, as with most exchanges, the primary order types available across spot and futures markets include:
Limit Order
A Limit order allows a trader to set a specific price at which they wish to buy or sell an asset. The order will only execute if the market reaches that specified price or better. This gives the trader control over the entry or exit price.
Market Order
A Market order is an instruction to buy or sell immediately at the best available current price in the Order book. Market orders prioritize speed of execution over price certainty.
Other Order Types
MEXC often supports advanced order types, particularly in the futures section, designed for more complex strategies. These might include Stop-Limit, Stop-Market, and potentially specialized orders like Trailing Stops. Some platforms also offer the ability to place a Hidden order, which does not display in the public order book, although execution strategies are critical for these types of orders (Hidden order).
The choice of order type heavily influences the execution outcome. For a deeper dive into how orders are processed, review general Order execution strategy.
Liquidity and Markets
Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. MEXC maintains various markets. Higher liquidity generally means tighter spreads (the difference between the highest bid and lowest ask price) and more reliable execution, especially for large trades. Traders should examine the depth of the Order book for their chosen pair.
Security Practices
Exchanges employ various security measures to protect user funds and data. Common security practices include:
- Two-Factor Authentication (2FA).
- Cold storage solutions for the majority of assets.
- SSL encryption for website connections.
Users are strongly encouraged to enable 2FA immediately after registration.
KYC and Limits
Know Your Customer (KYC) verification levels determine the trading and withdrawal limits a user can access. Lower levels (often requiring only basic identity verification) have lower daily withdrawal caps, while fully verified accounts typically have significantly higher limits.
Funding and Withdrawals
Users fund their accounts via cryptocurrency deposits or fiat on-ramps (where supported). Withdrawals are processed according to the exchange's schedule, and withdrawal fees apply, which vary depending on the specific cryptocurrency network used.
Mobile and Web User Experience (UX) =
MEXC provides interfaces for both web browsers and dedicated mobile applications (iOS and Android). The UX generally focuses on providing access to charting tools, order placement, and account management on the go.
Risks and Responsible Trading
Cryptocurrency trading, especially involving leverage in futures markets, carries substantial risk. Prices are highly volatile, and losses can exceed initial investment in leveraged products. Traders should only risk capital they can afford to lose and should employ risk management techniques.
First Steps Checklist
This checklist outlines the initial steps for a new user on MEXC:
| Step | Description |
|---|---|
| 1. Registration | Create an account via Register here. |
| 2. Security Setup | Enable Two-Factor Authentication (2FA). |
| 3. Verification | Complete necessary KYC verification to increase limits. |
| 4. Funding | Deposit funds (crypto or fiat) into the exchange wallet. |
| 5. Practice | Start with small trades in the Spot market or use paper trading if available for futures practice. |
See also (on this site)
- MEXC Trading Fees Explained Simply
- Exploring MEXC Supported Cryptocurrencies
- Spot Trading Versus Futures on MEXC
- Assessing MEXC Liquidity for Traders
Recommended articles
- Understanding Crypto Futures Regulations: A Comprehensive Guide
- Understanding Order Books on Cryptocurrency Exchanges
- Register here
- Understanding Market Trends in Cryptocurrency Trading for Leverage
- Understanding the Role of the Accumulation/Distribution Line in Futures
Recommended Futures Trading Platforms
| Platform | Futures perks & welcome offers | Register / Offer |
|---|---|---|
| Binance Futures | Up to 125× leverage, USDⓈ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days | Sign up on Binance |
| Bybit Futures | Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks | Start on Bybit |
| BingX Futures | Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount | Join BingX |
| WEEX Futures | Welcome package up to 30,000 USDT; deposit bonus from 50–500 USD; futures bonus usable for trading and paying fees | Register at WEEX |
| MEXC Futures | Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT → get 10 USD) | Join MEXC |
Join Our Community
Follow @startfuturestrading for signals and analysis.