As a new trader at MEXC, you can make a smart choice by starting with interesting welcome bonuses.

MEXC is a crypto exchange known for its low costs and a wide offer of different coins. This makes the exchange very popular among traders looking for new coins or trading frequently with high volumes. Transaction costs at MEXC can sometimes drop to as low as 0%, and it seems like 10 new tokens are added every day. The rapid listing process attracts many new customers, because they can find tokens which you cannot find at other exchanges.

Almost every new coin added has an airdrop through the MEXC Kickstarter, and prizes are given away often.

The question is only how long MEXC can continue to offer all of its services in Europe. Previously, we saw Binance leave many European countries or limiting their services.

Today, with a MEXC referral code, you can benefit from a 10% discount on all fees (lifetime), up to 50% MX token discount and claim up to $1000. We also provide tips on how to reduce trading costs to 0% and how to get additional discounts with the native MX Token.

Overview of the bonus with the MEXC referral code

Code	mexc-10OFF
Link to MEXC	https://www.mexc.com/register?inviteCode=mexc-10OFF
Bonus	Claim up to $1000
Fee discount	10% discount + up to 50% MX token discount
Number of coins	2000+

What is a MEXC referral code?

Many companies want new customers and have various ways to attract new customers. One of the ways is a partner program, also called a referral program. With such a partner program, as a customer, you can invite new users to the platform. You invite a user by sharing your referral code. This is a unique code, which a platform can use to verify if you actually referred someone.

The fun part of a partner program is that the rewards is not one-sided. Both parties benefit from a bonus. At MEXC, you receive a 10% discount on all trading fees and can claim up to $1000. On top of that you can receive up to 50% discount by holding MX Token.

Our referral code is “mexc-10OFF” and with it, you get the discount. You can, of course, use a different referral code. You are completely free to do so. Keep in mind that the welcome bonus can vary per code, so make sure that the code will give you what you expect. Because it is not possible to change this later.

After creating an account, you will receive your own code.

How to apply the code?

We explain step by step how to apply the code and what you need to do. Later, we will also tell you how to receive additional Kickstarter airdrops.

Step 1: Create an account

Obviously, it’s important that you create an account at MEXC. This process is straightforward and requires only an email address and password. MEXC is one of the few exchanges that currently does not require KYC.

It’s important during registration to use a referral code or a special tracking link. You can find both on the page. You can only register once, so make sure you do it correctly.

Step 2: Claim the 1000 USDT bonus

Once you have created an account, you can claim all the welcome bonuses. The 1000 USDT bonus can be claimed under the $1000 section. The amount is split into small amounts, and you can claim it by performing various tasks. The tasks can vary, but currently, it includes a deposit bonus, a trading bonus, and completing KYC.

The 1000 USDT can only be claimed after completing KYC.

Step 3: Get a 10% discount on your trades

Most traders come to MEXC for the low trading fees. These fees sometimes even drop to 0%, but when this is not the case, you receive a 10% discount on the trading costs. This bonus is immediately active after you create an account with the referral code.

And at MEXC, you can start trading immediately because KYC is not mandatory.

10% fee discount + up to 50% extra discount

At every crypto exchange, you pay transaction fees for every trade you make. If you convert USDT to BTC, you pay a small fee on this. Often, this is a percentage of the total amount. Trading costs at MEXC are low, lower than at KuCoin or Bybit, for example.

The fee discount with the referral code is automatically applied. You don’t have to do anything for it. The 10% referral code discount is applied as a cashback. Every time you place an order (futures or spot) you will receive a 10% cashback back into your account.

MEXC makes this deal even more interesting when you hold their own MX Token. With the MX Token, you get 20% extra discount on spot trading futures trading. For this, you just need to purchase and hold MX Tokens in your wallet. For futures trading, you must transfer your MX Tokens to your Futures wallet.

If you hold 1000 MX tokens for at least 15 days, you receive extra discounts.

The benefits of 1000 MX Tokens

As you have read in the previous paragraph, holding MX Tokens gives various benefits. This token has also risen significantly from $3 to $5.

At MEXC, holding MX Tokens offers several advantages, but if you hold 1000 MX Tokens in your wallet, you get a lot more benefits. However, keep in mind that this is a significant investment at the current MX price, this can be easily an investment between $4000 and $5000.

In return, you get a lot, especially if you are an active trader. For instance, instead of 20% discount on spot and futures trading, you get a whopping 50% discount. This means that trading on the spot market is always free as long as you keep holding 1000 MX.

Additionally, you can join the Kickstarter airdrop event with 1000 MX, for which there is a threshold of 1000 MX. When you join, you can receive daily rewards in USDT or new tokens on the platforms. On some days, the number of new Kickstarter projects can exceed 10. The amount of tokens you receive depends on how many MX Tokens you hold.

When you participate for the first time, you must wait 30 days before your MX Tokens are included in the pool.

The $1000 bonus

The last little perk is the $1000 bonus for traders. Keep in mind that this is not linked to our referral code but is valid for all users of the platform. This kind of bonus is common at every crypto exchange, such as Bybit and OKX.

Generally, you don’t get much use out of it because you can’t withdraw or invest it in crypto. You can only use it for fees or for paying other costs, like margin.

If you trade a lot on MEXC and also use the fee discount, then these bonuses are useful for paying the costs. To qualify, the website explains what you need to do. Often, it involves reaching a certain trading volume or making a deposit.

What is MEXC and why use this platform?

MEXC is an international trading platform that focuses on low rates and listing many new coins and tokens. MEXC has been around for 6 years and has more than 15 million users. Many customers use MEXC because they often offer small and unknown projects that are not yet on other exchanges. In this way, they attract a huge number of new customers.

In addition, the low fees and many trading competitions offer a lot of incentives for ambitious traders. With the referral code, the MX Token, and the trading competitions, you can save a lot of costs. If you compare MEXC with KuCoin, Bybit, Binance, or OKX, the fees are very low and this can be seen as a potential red flag.

These are the advantages of MEXC:

• Fast listing of new coins and tokens.
• Low fees and sometimes even 0% fees.
• Native MX Token provides benefits such as extra discounts or free airdrops.
• MEXC is always in the top rankings.
• Many competitions and giveaways for users.
• The app works very well.

The disadvantages of MEXC:

• There are a lot of scam coins among the listings that go to zero.
• Tokens are delisted just as quickly.
• It’s unclear who the CEO of the company is (we could only find an old CEO).
• I wonder how they make money with such low fees and competitions.
• In 2023, there were complaints about freezing funds.
• Too many notifications in the app (100 per day) and they cannot be turned off.

Some of the disadvantages of MEXC are red flags, so you should always keep the risks of using MEXC in mind. Never keep too much capital on the exchange and send crypto that you are not trading to a wallet you control. Also, consider that if something goes wrong with MEXC, the MX Token will likely also go to zero.

Conclusion about MEXC

Looking just at the costs and offerings, MEXC sounds like a very good exchange. Unfortunately, there is more to it. MEXC currently offers services in Europe that we have seen disappear from other exchanges. This means that this could also happen at MEXC. It’s good to keep that in mind.

The cost structure at MEXC is very interesting. You pay low fees, and with a referral code, you can get even more discounts. The question is only, how does MEXC, for example, make money with a 0% fee deal or when a 50% discount is applied.

It could be that they have a structure where they take a part of the spread as commission, but this can also be seen as a red flag. Therefore, always make sure to withdraw your crypto to a wallet you control.

So in conclusion, MEXC is interesting to trade on, but you must consider the red flags and the potential discontinue of certain services.