Introduction
Whether you're a seasoned cryptocurrency trader or just starting out, understanding trading fees is essential for mastering exchange rules and optimizing your trading experience. This comprehensive guide covers all fee-related aspects of trading on MEXC exchange.
1. Contract Trading Fees
1.1 Transaction Fees
1.1.1 Definitions
On MEXC, traders assume two roles:
Maker
- Places limit orders that don't immediately match existing orders
- Adds liquidity to the order book
- Current fee: 0.01%
Taker
- Executes orders that immediately match existing orders
- Removes liquidity from the order book
- Current fee: 0.04%
Fee Formula
Transaction Fee = Position Value × Fee Rate
Example Calculation
For a 1 BTC short position at $30,000:
- Maker-only: $30,000 × 0.01% = $3
- Taker-only: $30,000 × 0.04% = $12
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1.2 Funding Rates
1.2.1 Mechanism
Funding rates maintain price equilibrium between contracts and underlying assets. Key points:
- Positive rate: Long positions pay, shorts receive
- Negative rate: Short positions pay, longs receive
- Applied only to open positions at calculation time
- Exchanged directly between traders (MEXC doesn't collect)
2. Spot Trading Fees
2.1 Transaction Costs
2.1.1 Fee Structure
Same maker/taker roles apply:
- Maker fee: 0%
- Taker fee: 0.05%
Zero-fee pairs include XRP/USDT and XRP/USDC.
Example Calculation
Selling 1 WBTC at $30,000:
- Maker-only: $0
- Taker-only: $15
3. Accessing Fee Information
3.1 Web Platform
View complete fee schedules at MEXC's official Fee Page.
3.2 Mobile App
Navigate via:
- Profile picture → Fee Settings
- Review applicable rates
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FAQ Section
Q: How often are funding rates calculated?
A: Typically every 8 hours, but check specific markets for exact schedules.
Q: Can I get fee discounts?
A: Yes! Using MX tokens for fee payment provides 20% discount.
Q: Are there fees for canceled orders?
A: No - only executed trades incur fees.
Q: Do fees vary by country?
A: Some regional variations may apply. Always verify current rates.
Q: Which spot pairs have zero fees?
A: Currently XRP/USDT and XRP/USDC.
Q: How can I reduce contract trading fees?
A: Use MX token payments and maintain higher VIP levels.
Key Takeaways
- Maker fees are generally lower than taker fees
- Funding rates incentivize price stability
- MX tokens offer 20% fee discounts
- Always verify current rates before trading
Rates subject to change. Verify current fees on MEXC platform.