Uncovering MEXC's Commission Fees: What You Need to Know

How much commission does MEXC take?

One of the most important things to consider when trading cryptocurrencies is the fees that the exchange charges. MEXC is a popular cryptocurrency exchange that offers its users a wide range of trading pairs and features. In this article, we will take a closer look at the fees that MEXC charges and how they compare to other exchanges.

Trading Fees

When it comes to trading fees, MEXC operates on a maker-taker fee model. This means that makers (those who provide liquidity to the market by placing limit orders) are charged lower fees than takers (those who take liquidity from the market by placing market orders).

The trading fees on MEXC start at 0.1% for makers and 0.15% for takers. These fees can be reduced further by trading larger volumes. For example, those who trade more than 500 BTC in 30 days can enjoy a maker fee of 0.05% and a taker fee of 0.10%.

Deposit and Withdrawal Fees

In addition to trading fees, MEXC also charges fees for deposits and withdrawals. The fees vary depending on the cryptocurrency that you are depositing or withdrawing and the payment method that you are using.

For example, the deposit fee for Bitcoin (BTC) is 0.0005 BTC, while the withdrawal fee for BTC is 0.001 BTC. The deposit fee for Ethereum (ETH) is 0.01 ETH, while the withdrawal fee for ETH is 0.02 ETH.

Comparison with Other Exchanges

When compared to other major cryptocurrency exchanges, the trading fees on MEXC are relatively lower. For example, Binance charges a trading fee of 0.1% for both makers and takers, while Coinbase charges a trading fee of 0.5% for takers and 0% for makers.

However, MEXC may not be the cheapest option for depositing and withdrawing cryptocurrencies. For example, Kraken does not charge deposit fees for most cryptocurrencies, and the withdrawal fees are relatively lower than those on MEXC.

List of MEXC Fees

Here is a list of some of the fees that MEXC charges:

• Makers: 0.1% - 0.05%
• Takers: 0.15% - 0.10%
• Bitcoin (BTC) deposit fee: 0.0005 BTC
• Bitcoin (BTC) withdrawal fee: 0.001 BTC
• Ethereum (ETH) deposit fee: 0.01 ETH
• Ethereum (ETH) withdrawal fee: 0.02 ETH

Conclusion

MEXC charges competitive trading fees when compared to other major cryptocurrency exchanges. However, the deposit and withdrawal fees may not be as competitive. It is important to consider all the fees when choosing an exchange to use for trading cryptocurrencies.

Ultimately, it is up to the user to decide which exchange offers the best value for their trading needs. By understanding the fees that are charged by MEXC and other exchanges, users can make informed decisions when trading cryptocurrencies.