Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to more than 10 million users in more than 170 countries and regions around the world and we have just started. This magnificent achievement is a significant milestone, and MEXC Global aims to become the go-to platform for new traders and experienced investors as they move forward in their financial journey.
MEXC has presence over and across major continents and jurisdictions around the globe and is regulated, either directly or through affiliates, by some of the world’s most renowned jurisdictions. MEXC Global also offers localized language support for investors from different countries, making it easier for them to trade. The exchange at MEXC Global is a high-performance trading engine which has been developed by experts from the banking industry and is capable of completing 1.4 million transactions per second, which results in groundbreaking efficiency and enhanced performance. User security is of top priority at MEXC Global because of which servers are hosted independently across multiple countries ensuring optimal data integrity and security.
Decentralized Exchanges (DEXs) ( Best Alternative To MEXC )
Dodo is an Ethereum-based decentralized exchange with a “proactive market maker,” a customized version of an automated market maker (AMM). Dodo provides a way to issue and trade digital assets on the blockchain. It provides both its own and aggregated liquidity from other exchanges, which, according to its whitepaper, allows the exchange to offer the best prices for Web3 assets anywhere.
Users can swap different tokens in a permissionless manner, either through market orders or limit orders. Dodo also offers gasless swap routes, which use professional market makers for deeper liquidity with zero slippage and gas fees. Furthermore, an NFT market enables the trading of ERC-721 and ERC-1155 tokens.
The liquidity provider program is one of the ways to earn on the exchange, and users can add liquidity to receive LP tokens and earn a share of the trading fees. Another way is mining, where users engage either in single coin mining or LP market-making mining by adding funds to designated liquidity pools. There is also the option to borrow flash loans and deploy capital in a more efficient way.
Finally, the exchange offers developers a tool to create tokens. Several blockchains like Ethereum, BNB Chain, Polygon and OKChain are supported.
Perpetual Protocol Exchanges
Perpetual Protocol is a decentralized exchange (DEX) for trading perpetual futures — V1 was initially launched on Ethereum scaling solution xDai, while V2 launched on Ethereum layer-2 (L2) scaling solution Optimism. The exchange also plans to add other EVM-compatible blockchains in the near future. Users can trade a variety of assets with leverage up to 10X and go long or short on them. With the non-custodial nature of the exchange, traders retain possession of their assets and can execute trades directly from their wallets.
The vAMM (virtual automated market maker) provides on-chain liquidity by offering predictable pricing through a constant product curve. The vAMM is designed to be market-neutral and fully collateralized. V2 integrates with Uniswap V3 to allow liquidity providers to choose where along the price curve to provide liquidity.
The exchange’s goal is to become the most secure, most accessible and most decentralized derivatives trading platform and embrace the ethos of “DeFi money legos.” To achieve this goal, it has already launched staking pools, expanded to several blockchains, and introduced limit orders and stop-loss orders. It further plans to introduce leveraged tokens and launch dynamic liquidity pools for more efficient trade execution.
SpookySwap is a decentralized exchange (DEX) on the Fantom blockchain. It operates with an automated market maker (AMM) to provide constant liquidity for traders and allow them to trade against a liquidity pool. It also serves as a bridge between Fantom and other layer-one blockchains.
Token swaps allow customers to trade one token for another with liquidity in the pools. The exchange offers fees below the industry standard. Users can also add liquidity and earn from the swapping fees on the token pairs where they provided liquidity. With more than 18 token pairs, SpookySwap offers the most diverse yield farming opportunities on the Fantom blockchain.
Furthermore, there are single stake pools, where only one token type is needed to stake. In that case, users do not need an LP token and can earn from staking only the platform’s native BOO token. This allows them to get more assets and increase their share of fee-earning tokens.
Best Centralized Exchange Of MEXC Alternative
1-One of the best alternatives to MEXC is Pionex Exchange
Pionex is a centralized exchange that provides 13 types of crypto trading bots within the exchange. It launched on 24/06/2019 and is based in Singapore. Pionex aggregates the liquidity from Binance and Huobi Global, which allows its users to have a better trading experience with great liquidity. Pionex only charges a flat 0.05% fee on both maker and taker orders.
Welcome to the world’s leading cryptocurrency exchange with FREE Trading Bots! Pionex provides 16 trading bots like Grid Trading Bot which allows you to securely and automatically trade currencies like Bitcoin, Ethereum, Dogecoin and so on.
2- Another popular alternative to MEXC is IndoEx
Launched on 16 Jan 2019, IndoEx is a decentralized exchange headquartered in Estonia and the UK. It supports EUR/USD fiat pairs. It aims to be the safest fastest digital asset exchange designed to serve experienced traders, professionals, and institutions.
Office locations: Pärnu mnt 407a, Central district, Tallinn, Harju county, 10119/ Estonia and 4 Durham Street, Vauxhall, London, United Kingdom, SE11 5JA/ UK
Launched on 15/04/2018, Tokocrypto is a centralized exchange based in Jakarta, Indonesia with IDR fiat on/off ramps. Tokocrypto claims to be the first cryptoasset exchange to be registered (Registration number: 001/BAPPEBTI/CP-AK/11/2019) with the Commodity Futures Trading Regulatory Agency (BAPPEBTI) of Indonesia
Digital assets and currencies, powered by Blockchain Technology will bring about an era of greater efficiency, transparency and more equal opportunities by creating an open financial ecosystem. To be the secure gateway between the old financial system and the new open financial ecosystem.
Cointr Pro Exchange
CoinTR is an integrated international Cryptocurrency exchange founded in 2022. The company is located in MASLAK, the CBD of Istanbul. More than 100 products and operation experts from the world’s top blockchain companies. At present, CoinTR has completed the first round of financing of 15 million US dollars.
CoinTR designed and developed the 3rd generation trading system, focusing on providing users the most secure and stable trading experience. In addition to providing diverse trading tools including Fiat trading, spot trading, and futures trading. CoinTR offers over 100+ cryptocurrencies for users to buy, sell, and trade.Those looking for a wide selection of assets may appreciate what this exchange provides
About Crypto Exchange
A cryptocurrency exchange, or simply “exchange,” is a platform that allows you to buy, sell, and trade cryptocurrencies, such as Bitcoin or Ethereum. The exchange acts as an intermediary, matching buyers and sellers and facilitating the transactions. Some exchanges allow users to trade using fiat currency, while others only accept cryptocurrency deposits. The exchanges typically charge a fee for each transaction, which can vary depending on the platform.
Why MEXC Popular
MEXC, short for Mexico Exchange, is a cryptocurrency exchange platform that has gained popularity for several reasons, including:
Wide range of cryptocurrencies: MEXC offers a diverse range of cryptocurrencies, including popular coins such as Bitcoin, Ethereum, and Litecoin.
User-friendly interface: MEXC’s platform is designed to be user-friendly and easy to navigate, making it accessible for new and experienced users alike.
High Liquidity: MEXC has a high level of liquidity, allowing users to quickly buy and sell cryptocurrencies at competitive prices.
Strong security measures: MEXC places a strong emphasis on security and has implemented various measures, such as two-factor authentication, to ensure the safety of its users’ funds.
Support for Mexican users: MEXC is specifically designed to cater to the needs of Mexican users, offering support in Spanish and a platform that is optimized for the Mexican market.
These factors, combined with MEXC’s commitment to providing high-quality customer service, have contributed to its growing popularity.
Why MEXC Not Good Choice For Some Users
While MEXC has many features that make it an attractive choice for many users, it may not be the best choice for everyone. Some reasons why MEXC may not be the right choice for some users include:
- Limited payment options: MEXC only supports a limited range of payment options, which may not be suitable for some users.
- High fees: Some users may find MEXC’s fees to be high compared to other exchanges.
- Lack of advanced trading features: MEXC may not have the same level of advanced trading features and tools that are available on other exchanges, which may not be suitable for experienced traders.
- Limited geographic coverage: MEXC is primarily focused on serving the Mexican market and may not have the same level of support or availability in other countries.
- Security concerns: Despite its strong security measures, there is always a risk of hacks and security breaches in the cryptocurrency space. Some users may prefer to use exchanges that have a proven track record of security.
These factors should be carefully considered when choosing a cryptocurrency exchange and users should always do their own research to determine if MEXC is the right choice for them.
How to Choose best crypto exchange?
Choosing the right crypto exchange can be a daunting task, as there are many options to choose from and each has its own set of pros and cons. Here are a few things to consider when choosing a crypto exchange:
- Security: The security of your assets should be a top priority when choosing an exchange. Look for an exchange that has a history of good security practices and has never been hacked.
- Jurisdiction and regulations: Some exchanges are not available in certain countries due to regulatory restrictions. Make sure the exchange you choose is available in your country and complies with the local laws and regulations.
- Fees: Compare the trading fees of different exchanges to see which one offers the lowest fees. Also, consider the deposit and withdrawal fees as well.
- Payment methods: Some exchanges only accept cryptocurrencies for deposit and withdrawal, while others also accept bank transfers, credit cards, and other methods. Make sure the exchange you choose offers a payment method that is convenient for you.
- Coin offerings: Not all exchanges offer the same coins and tokens. Make sure the exchange you choose offers the coins you want to trade.
- Trading volume: Exchanges with high trading volume typically have more liquidity, which means it’s easier to buy and sell coins without affecting the market price.
- User-friendly interface: Look for an exchange that has a user-friendly interface and offers helpful features such as charting tools and order book.
- Customer support: Good customer support is important in case you have any issues or questions. Look for an exchange that offers multiple ways to contact customer support, such as email and live chat.
- Reputation: Look for an exchange that has a good reputation in the community, and has been around for a while.
- Remember to do your own research, read reviews and check the reputation of the exchange before making any decision.
MEXC is a cryptocurrency exchange platform that allows users to buy, sell, and trade cryptocurrencies. The conclusion or overall evaluation of MEXC would depend on several factors, such as the security measures it has in place, the types of cryptocurrencies it offers, the fees it charges, and the overall user experience. It’s important to do your own research and carefully evaluate a cryptocurrency exchange before using it to trade or invest in digital assets.