MEXC Trading Fees | How Competitive Are They Really?
Mike Harry
Feb 2024
5 min read
Fact checked
Introduction: In this in-depth breakdown, we dive into the nitty gritty details as it pertains to the MEXC Trading Fees. By the of this article, you will have total insight into all of the fees charged by MEXC including exchange fees, trading fees, spot & futures fees, deposit fees and withdrawal fees! Keep reading and learn how competitive the fees offered by MEXC really are!
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
With more than 1000 cryptocurrencies and 2000 trading pairs available for spot and futures trading, traders have a vast range of investment opportunities.
MEXC Fees
The fee structure on a cryptocurrency exchange like MEXC is diverse and multifaceted. This includes the often differing maker and taker fees in relation to spot, futures, and margin trading.
When a trader places a limit order below the market price for buying, or above for selling, they contribute liquidity to the market and are charged a maker fee. These orders aren't immediately fulfilled and instead await a corresponding taker.
The taker fee is incurred by those who remove liquidity from the market by placing orders that get executed instantly at the prevailing market price. These traders are this charged a taker fee.
Beyond trading fees, one must also factor in deposit and withdrawal fees, reflecting the costs associated with transferring funds to and from the exchange. With this basic framing in place, let's move on to breakdown the specific fees charged by MEXC across these categories!
MEXC Spot Trading Fees
For those that wish to buy and sell cryptocurrencies on MEXC, you will be charged a spot fee. The spot fee on MEXC is normally 0.2% for both makers and takers Additional discounts are also possible for those that are trading with the MX token.
MEXC spot trading fees
At the time of writing, MEXC has temporarily reduced their spot maker and taker fees to 0% in celebration of their 5th year anniversary. In due time, the spot fees will most likely return to their original 0.2%.
MEXC Futures Fees
When it comes to the futures trading fee, MEXC offers 0% fee for makers and 0.01% for takers. An additional 10% discount is available for users who choose to trade with the native MX Token.
MEXC is currently offering extremely competitive trading fees for both spot and futures trading. If you are interested to see how MEXC compares to other exchanges in the market across multiple dimensions, we recommend reading MEXC vs Binance, MEXC vs Bybit and MEXC vs Gate.io.
MEXC Deposit Fees
At the time of writing, the only way to buy cryptocurrencies on MEXC with fiat currencies is via Debit/Credit Card, SEPA, P2P or via Third Party providers like Simplex, Banxa and MoonPay.
MEXC Deposit Fees
The fees to buy cryptocurrencies via these options differ depending on which option you go with. At the time of writing, buying with SEPA is the most cost efficient method.
For those that simply want to deposit cryptocurrencies onto the MEXC exchange, there are no deposit fees to do and no KYC requirements either.
MEXC Minimum Trade Amount
Users on MEXC can begin buying and sell cryptocurrencies with as little as $5 dollars on the spot exchange.
MEXC Funding Rate
The funding rate mechanism is an integral part of MEXC Futures. It permits an exchange of funding fees between traders holding long and short positions, based on the gap between perpetual futures market price and the spot price.
Essentially, in a bullish market, long traders pay the funding fee to short traders and vice versa. This mechanism ensures self regulation and keeps the perpetual futures' market price in sync with the spot price.
It's critical as perpetual futures contracts lack an expiration date and without this mechanism, the prices could deviate significantly.
MEXC itself does not charge any funding fees. Instead, these fees are exchanged between traders on opposing sides.
Fees are settled every eight hours and traders with an open position at the time of settlement pay or receive the fee.
These fees are deducted from the traders available or position margin, which could potentially bring the liquidation price closer to the fair price, increasing the risk of liquidation.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
