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Wide Range of Coins, but Withdrawal Fees Could Be Better
I’ve been trading on MEXC for several months now, and what initially attracted me was the variety of coins available. However, the fee structure on the platform is a bit specific. For example, the trading fee is 0.2%, but you can reduce it by 10% if you use the MX token. This can be beneficial for large-volume trading, but if you’re trading small amounts, the difference isn’t very noticeable.
Withdrawals are a bit more complicated — fees for certain coins are higher than on other platforms. For instance, withdrawing USDT via the ERC-20 network is quite expensive, whereas TRC-20 is much more affordable. Another downside is that MEXC doesn’t support fiat deposits, so you have to transfer crypto from other exchanges — which may incur additional fees.
On the one hand, that’s a disadvantage, but on the other, the platform offers decent trading fee discounts, especially for active traders. Overall, if you plan your trades wisely and use the MX token, you can save a bit — but I still wish the withdrawal conditions were more flexible and cost-effective.