MX is the native cryptocurrency of the MEXC exchange. Holders of MX can enjoy free airdrop benefits and use MX to offset trading fees. This article provides a comprehensive guide on how to use MX forMX is the native cryptocurrency of the MEXC exchange. Holders of MX can enjoy free airdrop benefits and use MX to offset trading fees. This article provides a comprehensive guide on how to use MX for
How to Use MX for Trading Fee Discounts
MX is the native cryptocurrency of the MEXC exchange. Holders of MX can enjoy free airdrop benefits and use MX to offset trading fees. This article provides a comprehensive guide on how to use MX for trading fee deductions, helping you optimize your trading experience on the MEXC platform.
MEXC's current fee structure: Spot trading features a 0% Maker fee and a 0.05% Taker fee; Futures trading features a 0.01% Maker fee and a 0.04% Taker fee. Certain trading pairs may have different fee standards. For detailed information, please visit the official fee page. Fee rates may vary by country and region; please refer to the actual rates displayed on the fee page.
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1. Trading Types Eligible for MX Fee Deduction
Platform users can utilize MX to receive a 20% discount on trading fees for both Spot trading and USDT-M Futures trading. Sub-accounts and main accounts maintain independent benefits that cannot be shared. The fee discount for holding spot MX and the MX deduction discount cannot be stacked; the system will automatically apply whichever discount is greater.
Spot Trading: Once you enable the deduction feature, your Spot trades on the MEXC platform will receive a 20% fee discount. If your available MX balance becomes insufficient to cover the trading fee, the system will automatically revert to the platform's standard rate.
Contract Trading: Upon transferring MX to your Futures account, the MX deduction discount will be automatically activated. Trading fees from USDT-M Futures trading will be deducted in MX with a 20% discount applied. This feature will automatically deactivate once your MX balance is exhausted. Please note: If Futures bonuses are present in your account, the system will prioritize using those funds first; however, bonuses are not eligible for the deduction discount.
2. Fee Rates with MX Deduction
Trading Type | Spot Trading Fee Rates | |
Fee Structure | Standard Rate (Without MX) | Discounted Rate (20% Discount with MX) |
Maker | 0% | 0% |
Taker | 0.05% | 0.04% |
Trading Type | Futures Trading Fee Rates | |
Fee Structure | Standard Rate (Without MX) | Discounted Rate (20% Discount with MX) |
Maker | 0.01% | 0.008% |
Taker | 0.04% | 0.032% |
3. How to Use MX for Trading Fee Deductions
Below is a step-by-step guide on using MX to deduct trading fees, demonstrated through Spot trading. The same process applies to Futures trading.
Web Instructions:
Navigate to the MEXC official fee page and toggle the button to activate the MX trading fee deduction feature.
App Steps:
1) Launch the MEXC App and tap the Profile Icon located in the upper left corner of the homepage
2) Navigate to the Fee Settings option
3) On the Fee Settings page, toggle Deduct using MX 20% Off
4) Tap Enable to activate the MX trading fee discount feature
Disclaimer: This information is provided for reference purposes only and does not constitute professional advice regarding investment, taxation, legal, financial, accounting, consulting, or any other related services. It does not constitute investment advice to buy, sell, or hold any assets. Content provided by MEXC Learn is for informational purposes only. Please fully understand investment risks and exercise prudent judgment. All user investment activities are independent of this platform.
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MX Token Price(MX)
$1.7875
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MX Token (MX) Live Price Chart
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