Placing Your First MEXC Limit Order

MEXC is a global cryptocurrency exchange that offers a wide range of trading services, including spot trading, derivatives, and staking options. This guide provides a beginner-friendly overview of how to navigate the platform and execute your first Limit order.

Core Features and Supported Assets

MEXC supports a vast array of digital assets, ranging from major cryptocurrencies like Bitcoin and Ethereum to numerous smaller-cap altcoins.

Core features include:

Spot Trading: Direct buying and selling of cryptocurrencies.
Futures contract: Trading perpetual or dated contracts based on the future price movement of an asset.
Staking and Earning: Various passive income opportunities.
High-frequency trading support.

The breadth of assets available means users should research assets thoroughly before trading, following advice found in articles like How to Choose the Right Crypto Exchange for Your Needs.

Fees and Liquidity

MEXC generally operates a competitive fee structure. Fees are typically tiered based on trading volume and whether you hold the exchange's native token (if applicable) or use the M-Day structure.

Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. MEXC maintains deep liquidity across its major trading pairs, visible in the Order book. Higher liquidity generally means tighter spreads between buy and sell prices. Users can check the depth of the market by viewing the Level 2 Order Book.

Spot vs. Futures Trading

MEXC clearly separates its trading environments:

Spot market: Involves the immediate exchange of assets. If you buy 1 BTC, you receive 1 BTC in your wallet.
Futures contract: Involves trading contracts that represent an agreement to buy or sell an asset at a future date or price. This often involves leverage, amplifying both potential profits and losses. Traders using futures should be aware of the importance of portfolio management, as discussed in The Importance of Diversifying Your Futures Trading Portfolio.

Order Types

Understanding order types is crucial for executing trades precisely.

Order Type	Description	Best Used For
Limit order \| Specifies the exact price you wish to buy or sell at. The trade only executes when the market reaches that price. \| Price certainty; placing resting orders in the Order book.
Market order \| Executes immediately at the best available current market price. \| Speed of execution; entering or exiting a position quickly.
Combines stop and limit orders; triggers a Limit order once a specific stop price is hit. \| Risk management with price control.

Security Practices and KYC

MEXC employs standard industry security measures, including two-factor authentication (2FA) for logins and withdrawals, cold storage for the majority of assets, and anti-phishing codes. Users are strongly encouraged to enable 2FA immediately upon registration.

KYC (Know Your Customer) verification levels dictate withdrawal limits. While some basic trading may be possible without full verification, completing KYC is usually required to unlock higher daily withdrawal limits.

Funding and Withdrawals

To begin trading, users must first deposit funds. This can be done via: 1. Crypto deposit: Transferring supported coins from an external wallet to your MEXC address. 2. Fiat on-ramp: Purchasing crypto directly using fiat currency (local bank transfer or card payment), depending on regional availability.

Withdrawals follow a similar process, requiring verification and adherence to daily limits set by your KYC status. Always double-check withdrawal addresses and network fees.

Mobile and Web User Experience (UX)

MEXC offers dedicated applications for both iOS and Android, as well as a comprehensive web interface. The web platform is generally preferred for detailed analysis and complex order entry, while the mobile app provides convenient monitoring and quick execution on the go. Both interfaces are structured to clearly separate the Spot market and Futures contract trading areas.

Risks and Responsible Trading

Cryptocurrency trading, especially involving leverage in the futures market, carries a high degree of risk. Prices are volatile, and you can lose your entire investment. Always start small, use appropriate risk management tools (like stop-loss orders), and never invest more than you can afford to lose.

First Steps Checklist

Before placing your first Limit order:

Create an account: Register here.
Enable Two-Factor Authentication (2FA).
Complete necessary KYC verification if you plan high-volume trading or withdrawals.
Deposit a small amount of cryptocurrency or fiat currency.
Familiarize yourself with the difference between the Spot market and Futures contract interfaces.
Practice placing a small, non-critical Limit order in the Spot market to understand the process before risking significant capital.

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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Placing Your First MEXC Limit Order

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