Placing Your First MEXC Order Types

Introduction to MEXC

MEXC is a global cryptocurrency exchange that offers a wide range of trading services, including spot trading, derivatives, and various investment products. This guide focuses on helping new users understand the fundamental steps for placing their first order on the platform.

To begin using the exchange, new users must first create an account. You can Register here to get started.

Core Platform Features and Assets

MEXC supports a large selection of digital assets, catering to users interested in established cryptocurrencies as well as newer, potentially high-growth tokens.

**Spot Trading:** This involves the direct buying and selling of cryptocurrencies for immediate delivery. It is the most straightforward way to trade on the Spot market.
**Derivatives Trading:** MEXC offers futures contracts, allowing users to speculate on the future price of an asset without owning the underlying asset. This is often referred to as trading on the Futures contract market.

Fees and Limits

Trading fees are a crucial consideration for any trader. MEXC generally employs a tiered fee structure based on trading volume and whether the user holds the exchange’s native token (if applicable) for potential fee discounts.

KYC (Know Your Customer) verification levels determine withdrawal and trading limits. Higher levels of verification typically grant access to larger daily withdrawal amounts. Users should check the current fee schedule and KYC requirements on the MEXC website.

Understanding Order Types

Placing an order involves specifying the terms under which you wish to buy or sell. Understanding the primary order types is essential before executing your first trade.

The primary markets rely on the Order book, which aggregates all open buy and sell orders.

Basic Order Types

The most common order types available for both spot and futures trading include:

Order Type	Description
Limit order	Sets a specific price at which you are willing to buy or sell. The order only executes if the market reaches that price or better.
Market order	Executes immediately at the best available current market price. This prioritizes speed over price certainty.
Stop-Loss Order	Used primarily in futures to automatically close a position if the price moves against the trader by a specified amount, helping to manage risk. See Stop-Loss Orders in Crypto Futures: How to Limit Losses and Protect Your Capital.

When trading futures, users might also encounter advanced features related to hedging strategies. For more on this, review Hedging with Crypto Futures: Strategies to Offset Risks and Protect Your Portfolio.

Liquidity and Markets

Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. MEXC generally maintains good liquidity across its major trading pairs. Higher liquidity means tighter spreads (the difference between the highest bid and lowest ask) and more efficient execution, especially when using a Market order.

Security Practices

MEXC employs standard industry security measures, which typically include:

Two-Factor Authentication (2FA) for logins and withdrawals.
Cold storage solutions for the majority of user assets.
Anti-phishing codes.

Users are strongly encouraged to enable 2FA immediately after registration.

Funding and Withdrawals

To trade, users must first deposit supported cryptocurrencies or fiat currency (where available).

1. **Deposits:** Navigate to the wallet section, select the asset, and use the provided deposit address. Always double-check the network before sending funds. 2. **Withdrawals:** Funds are sent to an external wallet address. Withdrawals are often subject to processing times and network confirmation delays, in addition to any daily limits imposed by KYC status.

User Experience (UX)

MEXC offers trading access through both web interfaces and dedicated mobile applications (iOS and Android). The UX is designed to cater to both beginners (offering simple trading views) and advanced traders (providing access to charting tools and complex order types).

Risks and Responsible Trading

Cryptocurrency trading, especially involving derivatives like Futures contract trading, carries a high degree of risk, including the potential loss of principal. Volatility is inherent in these markets. Traders should educate themselves thoroughly—for instance, by reading 2024 Crypto Futures: Essential Tips for First-Time Traders"—and only trade with capital they can afford to lose.

First Steps Checklist

Before placing your first trade on MEXC, ensure you have completed the following:

Account created and email verified.
Two-Factor Authentication (2FA) enabled.
Completed necessary KYC verification to meet your desired withdrawal limits.
Funds deposited into your MEXC trading account.
Familiarized yourself with the difference between a Limit order and a Market order.

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

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