MEXC Review for Australians

What is MEXC?

MEXC is a global cryptocurrency exchange established in 2018 by some of the pioneers in the blockchain and crypto industry. With over 10 million current users, MEXC is one of the biggest cryptocurrency exchanges, and it offers its services in more than 170 countries, including Australia.

MEXC has plenty of payment options, enabling users to purchase crypto easily, as well as trade using the platform’s advanced tools. You have various trading options, such as futures, margin trading, spot trading, leveraged ETFs, copy trading, and bot trading, so you will definitely find something suitable for you. With more than 1,520+ coins, and more than 2,110 trading pairs, once you sign up with MEXC, you won't need to use any other crypto platform. 

Also, for a limited time, we have a secured a deal of $30 FREE USDT and 10% off trading fees when you sign up with our link here.

MEXC Features for Australians

Take a look below and find out what MEXC offers to Australians.

Buy cryptocurrencies with AUD

The first thing any Aussie would want from a crypto exchange is the option to pay in their local currency, AUD. Paying in AUD allows users to avoid hefty conversion charges, and use local payment methods. MEXC supports AUD as well as widely used fiat currencies like USD, EUR, GBP, along with 20 others.

It is easy to buy cryptocurrencies with AUD; when we tested it out, we found the process was completed in under two minutes. Even someone with little to no experience with crypto will be able to understand the platform, with their intuitive platform.

A wide variety of payment methods are available

To make it easier for users to buy and sell cryptocurrencies conveniently, MEXC offers a wide variety of payment methods targeted toward different countries. For a quick and fast experience, you can go with the dedicated credit/debit card purchases operated by MEXC Estonia. But you will only be able to pay with EUR, USD, and GBP with that option – not ideal for Australian users. Fortunately, you can go with third-party payment merchants that MEXC has partnered up with. You will be able to pay with AUD with local merchants to save money and have a hassle-free experience.

There is also a P2P market where you can buy and sell cryptocurrencies through local merchants. The P2P market offers more payment methods to Australians, including PayPal, AirTM, direct bank transfer, Transfer Wise, and Revolut. Choose any of them depending on the fees and the commission charged.

Over 1,520+ cryptocurrencies are listed on the exchange

MEXC is considered the diversity king because it has around 1,520 digital assets listed for traders. You can buy or trade them without any restrictions. With access to a wide variety of cryptocurrencies offered by MEXC, you can diversify your crypto portfolio and explore opportunities that other exchanges might not be able to offer.

To see what you can trade on the exchange, simply head to the market section and take a look at the whole list. You can also filter out the results by selecting a particular niche or category so that you can invest wherever you want. There are DeFi assets, stablecoins, NFTs, metaverse, halving cryptos, and many other types that you can trade.

Several trading markets, including spot and futures

Spot trading is the most popular type of trading because of its low risk and simplicity. You simply buy the asset at a particular price and sell it when its original price increases. However, this is not the case with futures and leverage trading. Futures and margin trading involve leverage where you can increase your potential profit by borrowing funds from the platform. Keep in mind that if your trade goes the wrong way, your funds can vanish quickly due to the leverage involved, so this is only suitable for experienced traders.

In the end, your skills and expertise will determine which trading market you want to use. If you want to keep things simple, go with the spot market. If you want to take risks and potentially earn more, check out futures and margin trading.

Professional trading layout with advanced functions

Professional traders never compromise on trading tools. MEXC brings a professional trading layout integrated with advanced features and functions that anyone can access. After selecting an asset that you are interested in trading, you will be provided a detailed chart where you can evaluate the movements or switch to the depth chart to see the market psychology at that moment. 

For the advanced functions, you can use a variety of indicators, main and sub-indexes, candle types, and timestamps. MEXC has partnered up with TradingView, a more advanced charting service that also allows you to draw, use scales and patterns, and write or use trend lines. On the lower bottom of the screen, you are provided with the order execution section, where you can select different order types, leverage, and limits. Traders can also check order history, open orders, and open positions to keep track of everything and trade efficiently.

Automated profit with copy trading

If you want to earn money while you sleep, you might want to check out the copy trading section offered by MEXC. In copy trading, you simply choose a successful trader that you want to follow. Whenever that trader makes any trades, MEXC will automatically make identical trades with your own money. This is a good way of trading if you are new and don't know what the best strategies are, or simply don't have time to do your own research. There is a small commission that you will need to pay for copying the trader, but we find this worthwhile.

How do you know which trader to copy? Thankfully, MEXC provides details about every professional trader that is available to be copied. You can check the number of followers for each trader, along with their ROI, PNL, win rate, and total win rate to see if you should choose a particular trader.

Mobile apps for Android and iOS devices

MEXC is not a desktop or web-only platform, as they have professionally designed mobile applications. MEXC mobile applications are available for Android and iOS devices and can be installed within minutes through the app store of your device. With MEXC mobile, you can buy and sell cryptocurrencies with different payment methods and access each and every trading market, including futures, spot, and margins.

You can still trade with advanced features and functions through mobile apps and open a trading position whenever you want. You also have full access to your portfolio through the mobile application, and you can send, sell, and receive cryptocurrencies without any problems. Thanks to the beginner-friendly layout of the mobile applications, it’s unlikely you will face any problems exploring the functions and making the best use of them.

Earn up to 4% APY with flexible staking

If plan to holding your crypto assets for an extended period, it is better to stake them and earn a profit than keep them in your wallet without any returns. With MEXC flexible staking, you can earn up to 4% on different cryptocurrencies. MEXC supports a wide variety of cryptocurrencies, including stablecoins and popular assets. You can stake BTC, ETH, SHIB, CAKE, SOL, DOGE, USDT, and many other assets.

But if you decide to go with locked staking, you can earn much higher than with flexible staking. You will be able to earn up to 18% APY, which is certainly good comparatively. But locked staking does not support a lot of assets, nor does it offer many popular cryptocurrencies.

Several earning opportunities with launchpad, mining, and burning

Besides staking, MEXC brings even more earning opportunities for users. For starters, you can take a look at their launchpad where they list newly launched tokens that have the potential to skyrocket in the future. You can take risks with those assets and earn massive profits if the price goes your way. You can also join pools for mining or burn MX and earn newly launched tokens for absolutely free.

In case you decide to join the MEXC ecosystem by buying MX tokens, you can also get several benefits. MX holders will be able to trade with lower fees, have higher referral rewards, access M-Day events, and enjoy much more perks than standard users.

Fast and efficient live customer support

With MEXC’s fast and efficient customer support, your queries are answered within seconds. Remarkably, MEXC customer support is available in 8 languages. Simply select the language you want to get the support in, and a dedicated agent will be with you to solve your problems. You can also send an email explaining your issue and get a brief solution. But for quicker resolution, just click on the support icon available at the lower right corner of the screen and you will be connected to a support agent.

Earn passively with an affiliate program

You can earn a passive income with the MEXC affiliate program. If you have a big following or friends or family members who would love to trade crypto assets, you can refer the platform to them with your unique referral link. If your referrals join the platform and trade, you will earn a 50% commission on their trading fees. MEXC also offers a 10% commission on your sub-affiliates, and you can earn on average around 60% for every trade executed by your affiliate or sub-affiliate.

Trading, depositing, and withdrawing fees for Australians

MEXC trading fees for Australians is very affordable. For 11 popular spot trading pairs, there are 0% fees! These trading pairs are BTC/USDT, ETH/USDT, XRP/USDT, DOGE/USDT, BTC/USDC, ETH/USDC, XRP/USDC, DOGE/USDC, ETH/BTC, XRP/BTC, XRP/ ETH. For other spot trading pairs, the fee is only 0.1% for makers and takers. As for futures trading, the fee is 0.01% for makers, and 0.05% for takers. But if you sign up with our link, you will receive 10% off all trading fees, and $30 FREE USDT.

MEXC does not charge users for depositing cryptocurrencies through external wallets. But if you are planning on using fiat methods to purchase cryptocurrencies, a particular fee will be charged to you. For instance, credit and debit card purchases through MEXC Estonia incur a fee of 2%. If you are using third-party merchants or P2P services for purchasing cryptocurrencies, a variable fee or commission will be charged, ranging from 2%-8%.

MEXC does not charge any fee for withdrawals to external crypto wallets. But you will have to pay a miner’s fee or network fee that also varies depending on the asset you are withdrawing and the network congestion at that time. For fiat withdrawals, you will have to opt for third-party merchants to get your funds withdrawn, and a variable fee or commission will be charged.

Conclusion

Considering it is not easy to find international cryptocurrency exchanges that offer suitable payment methods to Aussies and support AUD, MEXC is an excellent choice. With its wide variety of payment methods, P2P markets, and express solutions, MEXC is an easy choice for Australians and users from over 170 countries. If diversity in crypto markets is one of your concerns, MEXC has over 1,520 digital assets that you can trade, buy, and sell within seconds.

To enable users to explore a whole new world of trading, MEXC offers futures, ETFs, and leveraged tokens. You can create passive income streams using the opportunities offered by MEXC and make your assets work for you while you sleep. To get started, simply sign up with your email address or social accounts, verify your account, and deposit funds. Don't forget that you can receive $30 FREE USDT + 10% off trading fees using our unique link here. 

Frequently Asked Questions