Understanding Order Types on MEXC

MEXC is a cryptocurrency exchange that offers a wide range of trading options, including spot and futures markets. This guide provides a beginner-friendly overview of MEXC, covering its core features, supported assets, order types, security practices, and more.

Core Features

**Spot Market:** Trade cryptocurrencies directly against each other (e.g., Bitcoin for Ethereum) at their current market price.
**Futures Contracts:** Trade derivative contracts that allow you to speculate on the future price of a cryptocurrency without owning the underlying asset.

**Order Types:** MEXC offers various order types to suit different trading strategies.

**Liquidity and Markets:** MEXC boasts a robust trading platform with high liquidity across numerous cryptocurrency pairs.

**Security Practices:** MEXC prioritizes the security of user funds and employs measures like two-factor authentication (2FA) and cold storage for assets.

Supported Assets

MEXC supports a wide range of cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), and many altcoins. For a comprehensive list, please refer to:

MEXC Exchange: Supported Cryptocurrencies

Spot Market Basics

In the Spot market, you buy and sell cryptocurrencies at their current market price. This is ideal for traders who want to take advantage of short-term price movements or build a long-term portfolio.

Futures Basics

Futures contracts are contracts that obligate the buyer to purchase an asset at a predetermined price on a specific future date. MEXC offers perpetual futures contracts, which have no expiry date.

- Understanding Margin and Leverage in Crypto Futures**

Trading futures contracts involves using leverage, which amplifies both profits and losses.

Understanding Margin and Leverage in Crypto Futures

Order Types

MEXC offers the following order types:

**Limit Order:** A Limit order is an order to buy or sell an asset at a specific price or better.
**Market Order:** A Market order is an order to buy or sell an asset at the best available market price.
**Stop-Limit Order:** A Stop-Limit Order combines a stop-loss order with a limit order.

Liquidity and Markets

MEXC has a high level of liquidity, meaning there are many buyers and sellers in the market, resulting in tighter spreads and smoother order execution. The platform provides detailed Order books that show the buy and sell orders at different prices, giving you insights into market depth and potential price movements.

Security Practices

MEXC implements robust security measures to protect user funds, including:

**Two-Factor Authentication (2FA):** Adds an extra layer of security by requiring a unique code in addition to your password.
**Cold Storage:** A significant portion of user funds are stored offline in cold wallets, making them less vulnerable to hacks.

KYC/Limits

MEXC requires users to complete Know Your Customer (KYC) verification to comply with regulations and enhance security. This process typically involves providing identification documents.

Trading limits may vary depending on your KYC level and account type.

Funding & Withdrawals

MEXC supports various funding and withdrawal methods, including bank transfers, credit/debit cards, and crypto transfers.

Mobile & Web UX

MEXC offers a user-friendly interface on both its web platform and mobile app, making it accessible to traders of all experience levels.

Risks and Responsible Trading

Cryptocurrency trading involves inherent risks. Prices can be volatile, and there is the potential for loss. It is crucial to:

**Do Your Research:** Thoroughly research cryptocurrencies before investing.
**Start Small:** Begin with a small amount of capital that you are comfortable potentially losing.
**Use Stop-Loss Orders:** Employ stop-loss orders to limit potential downside risk.
**Diversify Your Portfolio:** Don't put all your eggs in one basket.
**Trade Responsibly:** Only invest what you can afford to lose and avoid emotional decision-making.

First Steps Checklist

1. **Register an Account:** Register here 2. **Complete KYC Verification:** Follow the platform's instructions to verify your identity.

3. **Explore the Platform:** Familiarize yourself with the interface, order types, and market data. 4. **Start Small:** Begin with a small trade to test the platform and get comfortable with the process.

5. **Practice Risk Management:** Implement stop-loss orders and other strategies to protect your capital.

Category:Crypto Exchange Overviews

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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
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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

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Understanding Order Types on MEXC

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