MEXC Deposit Bonus Explained: How It Works, Fees & Whether It’s Worth It
MEXC is one of the leading centralized crypto exchanges and offers a wide range of bonuses for both new and existing users. These rewards consist of a welcome bonus, deposit-based bonuses, and futures trading rewards.
All MEXC bonuses are issued as USDT vouchers or futures bonuses, which can be used to offset trading fees or act as additional capital for futures trading. While these bonuses are not directly withdrawable, any profits generated from trades using the bonus funds can be withdrawn without restrictions.
Because each bonus comes with specific conditions and trading requirements, it’s important to understand how they work before participating. This guide breaks down the MEXC deposit bonus in simple terms, explains the rules, and helps you decide which bonuses are actually worth claiming.
TLDR
MEXC offers generous bonuses, but the largest rewards require high futures trading volume and come with significant trading fees. For beginners, the free welcome bonuses are the safest and most valuable, while trading bonuses are better suited for experienced traders.
If you want to start trading on MEXC, sign up using our affiliate link and receive up to $35 in bonuses for completing the signup steps.
Disclaimer: MEXC bonuses are subject to specific rules and trading requirements and may change at any time. Bonuses are not withdrawable and are intended for futures trading or fee discounts. Always review the official terms before participating.
What is MEXC Crypto Bonus?
MEXC offers new traders a welcome bonus of up to 10,000 USDT in total, with different amounts tied to various tasks, such as creating an account, verifying an account, downloading the MEXC mobile app, making a deposit, and trading.
See our previous post to learn more about crypto bonuses, how they work, and why popular exchanges offer them.
MEXC Welcome Bonuses
For new users, MEXC offers an exclusive welcome bonus of up to $870 USDT, along with an additional $15 sign-up bonus for account creation and identity verification. These rewards are part of MEXC’s welcome bonus program and are unlocked by completing simple onboarding tasks.
First, you can receive a 10 USDT voucher by creating a new account using a referral code or affiliate link. This is one of the easiest bonuses to claim. Using our affiliate link, you can create an account by entering your email address or phone number and confirming it with a verification code.
Alternatively, you can sign up by connecting a decentralized wallet, such as MetaMask. Once your account is created, the 10 USDT voucher becomes available to claim after MEXC completes its 7-day risk review. This voucher can only be used to offset futures trading fees.
The second welcome bonus is a 5 USDT futures bonus, which becomes available after completing identity verification (KYC). This bonus is also subject to the same 7-day risk review and cannot be used until the review is completed.
Finally, MEXC offers a 20 USDT bonus for first-time mobile app users. To qualify, you must download the MEXC mobile app and log in. This bonus is split into two parts: a 5 USDT futures bonus for futures trading and a 15 USDT voucher that can be used to offset futures trading fees.
The remaining portion of the up to $870 USDT welcome bonus is unlocked through deposit and futures trading tasks, which require meeting specific deposit amounts and futures trading volume within a limited time. These bonuses are explained in detail in the deposit and trading bonus sections below.
MEXC Deposit Bonus
As part of its welcome bonus for new users, MEXC offers multiple deposit-based bonuses that are only available shortly after creating an account.
The first deposit bonus allows you to receive up to 300 USDT worth of futures trading positions on pairs such as GOLD (XAUT)USDT, SILVER (XAG)USDT, or BTC/USDT. To qualify, you must deposit at least $100 and hold the funds on the exchange for at least 24 hours. This bonus does not require any trading, meaning no trading fees are involved.
However, MEXC applies a 7-day risk review process, so it is recommended to keep the $100 deposit on the exchange for at least 7 days to ensure the task is successfully completed.
To unlock a larger portion of the up to $870 USDT welcome bonus, MEXC also offers a second deposit bonus. With this offer, you can receive up to 500 USDT worth of futures trading positions by depositing $100 and completing 10,000 USDT in futures trading volume within 3 days of account creation. The same 7-day risk review process applies.
The third deposit bonus tier offers up to 1,000 USDT worth of futures trading positions when you deposit 500 USDT and complete 20,000 USDT in futures trading volume within 3 days. As with the other bonuses, MEXC applies a 7-day risk review, so keeping the deposit on the exchange for at least 7 days is strongly recommended.
Note: These deposit bonuses provide futures trading positions and are not withdrawable assets. Any profits earned from trading these positions can be withdrawn.
How many days do I have to complete these tasks?
For the new user exclusive reward, you have between 1 to 3 days to complete the task. However, MEXC offers other welcome crypto bonuses that can be claimed within 14 days or creating an account. You can check the time left for completion under the Reward Hub.
Does spot trading count?
No, spot trading does not count. Only future trading is calculated towards the trading threshold. However, one interesting point to note is that the exchange calculates both your open and closed positions.
How is the trading fee charged?
For trading, the exchange deducts the trading fees from your actual capital. However, MEXC offers free spot trading. Which means you are not paying trading fees on your spot orders.
MEXC Trading Bonus
This crypto bonus is for future trading on MEXC and does not require a deposit. However, it is impossible to execute any trade without depositing capital on the exchange; hence, a deposit can also be considered part of the requirement, even though the exchange does not mention it.
As a new user on MEXC, you can access up to 7,620 USDT in trading bonus when you reach a certain trading volume. The threshold is categorized differently to ensure that even if you do not meet the maximum trading volume, you can still qualify for some of the bonus. The categories are shown below:
|
Trading Volume |
MEXC Bonus |
|
5 Million USDT trading within 14 days |
20 - 100 USDT |
|
20 Million USDT trading within 14 days |
Up to 500 USDT |
|
50 Million USDT trading within 14 days |
Up to 3,000 USDT |
|
100 Million USDT trading within 14 days |
Up to 4,000 USDT |
Why you should calculate Trading Fees Before Participating in MEXC Trading Bonus
MEXC calculated your cumulative future trading, including both open and closed positions, to confirm if your current trading volume meets any of the required thresholds. You open a future trading position when you send an order to the order book, and you close it when you exit the market or end the trade.
To determine the amount of trading fee you may have to pay at each threshold, we have considered the MEXC standard trading fee. As one of the cheapest centralized exchanges, MEXC charges a 0.000% spot trading fee on several assets. Therefore, traders do not pay trading fees on assets such as $BTC, $ETH, $SOL, $XRP, and others. However, only future trading that counts toward the bonus, so this does not help you reduce fees.
On future trades, MEXC charges a 0.00% maker fee and a 0.02% taker fee on your trading amount. A maker fee is charged on limit order (orders that are filled at a predicted price rather than the current market price), and it is low because it adds liquidity to the order book. A taker fee is charged on market orders (orders filled at the current market price), and it is usually higher than the maker fee because it removes liquidity from the order book.
Since traders pay a $0 maker fee on limit orders, it is not included in the bonus because it falls under the category of trades that are excluded.
According to MEXC, the following trades are excluded:
- Trades completed at zero trading fee
- Trades completed using USDT vouchers
- Stablecoin pairs trading, like USDC/USDT.
Let’s look at all the thresholds above, the bonus you get, and the amount of trading fee you are likely to pay when maker or taker fees are applied.
Trading Volume with Maker Fee and Taker Fee
|
Trading Volume |
Maker Fee (0.000%) |
Taker fee (0.020%) |
MEXC Bonus |
|
5M |
$0 |
$1,000 |
Up to 100 USDT |
|
20M |
$0 |
$4,000 |
Up to 500 USDT |
|
50M |
$0 |
$10,000 |
Up to 3,000 USDT |
|
100M |
$0 |
$20,000 |
Up to 4,000 USDT |
From this table, we can see that the trading fees are higher than the bonus at each threshold, but there are ways to reduce the fees significantly. Traders who allow the exchange to charge trading fees in $MX (MEXC’s native token) enjoy a 20% discount on their trading fees. To get the 20% fee discount from MEXC, transfer MX tokens to your future wallet, and MX will automatically be used to cover your trading fees.
It gets even better when you hold between 10 and 500 $MX tokens, as that gives you access to up to 50% fee discount. This offer is not available if you have less than 10 MX. The exchange calculates the actual fee discount based on the quantity of $MX you hold in your wallet. Also, to enjoy the discount, you should keep all MX tokens in a single account, as assets held in sub-accounts are not included.
Applying the 50% discount on a 50 million trading volume, you will be paying $5,000 in trading fees to get the $3,000 bonus. This shows that the trading fee is higher than the bonus you can claim, so it is not very rewarding for beginners. However, for high-frequency traders who typically execute up to 50 million in trading volume, the $3,000 future bonus is free capital that can be used for trading capital or to reduce future trading fees.
This does not mean MEXC does not offer a good welcome bonus for new users. For instance, you get $35 when you create an account, complete KYC, and download the app. These bonuses can be used as either a capital for trading or to pay for trading fees.
MEXC also has future trading loss coverage. You can get up to 50 USDT future Bonus when your first future trade results in a loss. There is another 5 USDT future bonus for traders who are experiencing future trading for the first time. You qualify for it when you open your first futures trading position, irrespective of how big or small the trade is.
Note: Only futures trading volume from taker orders counts toward the bonus. Maker orders and zero-fee trades are excluded.
Does Leverage Count Toward the Trading Volume?
For all future trading (including both open and closed positions), using leverage counts. This means you can meet the trading volume requirements more quickly and reduce the amount of capital you need to deposit on the exchange. To reach 20,000 trading volume, you do not necessarily need to deposit $20,000 because you can deposit only 25% of that, which is 5,000 USDT and combine it with a 2x leverage. With that, you will have $10,000 (5,000 x 2) when you open a position and another $10,000 when you close the position.
While leverage can improve capital efficiency, it is suitable only for experienced traders who are fully aware of the risks involved. For example, if you open a $10,000 trading position using $5,000 capital with 2x leverage and the trade ends with a 20% loss. 20% of that trading position is removed from your capital. 20% of $10,000 is $2,000, which is deducted from your $5,000 capital, leaving you with only $3,000.
How to get MEXC Welcome Bonus
To get up to $10,000 on MEXC, the most important things to note are the reward rules and the risk review process. When you keep both in mind, you can easily meet the threshold and know when to claim all the bonuses you earned. Before you get started, take a quick look at our last article, where we provide a detailed explanation on crypto bonuses on popular exchanges to decide if this offer is for you
Step-by-Step Guide on How to Claim the $10,000 Welcome Bonus on MEXC
Step 1: Sign up / Create Your MEXC Account: Visit the MEXC official website to sign up. You can do this using our affiliate link
On the sign-up page, enter your email address, phone number, or connect your decentralized wallet to create an account. If you are using your email address or phone number, MEXC will send you a confirmation code. Enter the code to complete your sign-up process. At this stage, you qualify for the 10 USDT voucher, which can be claimed after the risk review.
Step 2: Log in to the MEXC App: Download the MEXC App from the App Store or Google Play Store, then log in using your email address or phone number. Confirmation code is sent here as well. Now, you also qualify for a total of 20 USDT to be claimed after the risk review.
Step 3: Navigate to the Reward Hub: On your phone or PC, click Event Center, then click Reward Hub to see all available bonuses.
Step 4: Complete KYC Verification: Under the reward, scroll down to see the verification task. Now, complete the identity verification by providing the required documents. Once completed, you qualify for another 5 USDT.
Step 5: Make your First Deposit: Click on any of the Deposit tasks after verification. This can be either a $100 or a $500 deposit. The amount of the deposit you make determines the bonus you qualify for. For instance, to get up to 300 GOLD(XAUT)USDT or SILVER(XAG)USDT or BTC/USDT future trading positions, you need to deposit at least $100 and hold the amount deposited on the exchange for at least 24 hours. Also, it is essential to note that some deposit bonuses come with trading requirements, so you must complete the required trades within the specified period.
To make a deposit, you can either transfer crypto from an existing wallet, buy on the exchange using P2P, connect your debit card, or use the MEXC card.
Step 6: Start Future Trading: If the main goal is to meet the required trading volume, only future trading counts toward it. Aside from the $7620 reward, you automatically qualify for the first feature experience bonus of 5 USDT future bonus, and may also get the first future trading bonus if your first trade results in a loss.
Step 7: Claim Bonus After 7 days: Once you complete each step, the exchange automatically qualifies you for each bonus; however, the bonus will not be available for claiming immediately until the exchange completes a 7-day risk review. At this stage, the bonus shows “pending”, but don’t forget to check after 7 days to claim.
5 Things to Keep in Mind About MEXC USDT Vouchers and Futures Bonuses
-
USDT vouchers can only be used to offset futures trading fees.
MEXC automatically prioritizes vouchers to cover trading fees, even if you are holding USDT or MX in your account. -
Vouchers and futures bonuses are only valid for USDT-M futures trades.
They cannot be used for trades paired with other stablecoins. -
Futures bonuses can be used as trading capital or to cover costs.
This includes futures trading fees, funding fees, and margin requirements when your USDT balance is insufficient. -
Bonuses must be claimed manually.
A bonus is credited to your futures wallet only after you manually claim it in the Reward Hub. -
Withdrawing funds cancels remaining bonuses.
Any withdrawal from your futures wallet before a futures bonus is fully used will immediately forfeit the remaining bonus amount.
How to Check Future Bonus on MEXC
Step 1: Visit MEXC website and log in to your MEXC account.
Step 2: On the website, click on the Wallets tab in your right-hand corner, then click on Futures
Step 3: This takes you to your future wallet, where you can view all assets on the list, including USDT, and your bonus balance.
Common Mistakes Traders Make When Participating in MEXC Welcome or Trading Bonuses
Not claiming earned bonuses
On MEXC, bonuses are not added automatically to your wallet. Each reward must be manually claimed in the Reward Hub. If you fail to claim a bonus within the allowed time, it may expire.
Trapping capital in an unprofitable bonus
It is important to follow a clear plan before participating in any bonus offer. Chasing high trading bonuses without proper calculations can trap your capital. For example, to earn a $3,000 bonus at the 50 million USDT trading volume level, you must consider how much USDT you can trade, whether you hold enough MX tokens to qualify for a 50% fee discount, and whether your trading strategy realistically supports such volume.
Over-leveraging to reach trading volume faster
While leverage can help you reach trading volume requirements more quickly, it also significantly increases the risk of liquidation. For instance, trading with $50,000 in capital at 10x leverage increases your position size to $500,000. Since both opening and closing positions count toward volume, this results in 1 million USDT trading volume per trade. However, the same leverage can cause rapid losses and liquidation if the market moves against you.
Withdrawing funds too early
One of the most commonly overlooked rules is the 7-day risk review period. Even if a bonus requires holding funds for only 3 days, withdrawing assets before the 7-day review is completed may cause the task to fail. To avoid losing eligibility, it is best to keep your deposit on the exchange for at least 7 days.
Conclusion
MEXC indeed offers a good crypto bonus and fee discount; however, the trading bonus comes at the expense of the trading fee applied, which makes it a suitable offer for only large-volume traders. However, the exchange offers a good number of other perks for new users.
Aside from the free welcome bonus, MEXC remains one of the cheapest centralized exchanges, with zero transaction fee on all spot orders and zero maker fee on all future trading. You can also earn more rewards by checking the Event Center and Reward Hub occasionally for tasks that can be completed easily without excessive trading fees.
So to summarize it, no, the deposit bonus is not completely free money; however, compared to many other exchanges, it does offer a good incentive to tradeon MEXC as it offers very low fees, and discounts those fees with the deposit bonus as well, making it one of the cheaper exchanges to use. Want to compare more offers? Check out our up-to-date list of the best crypto deposit bonuses here.
Ready to get started? Use our Affiliate link to sign up and get up to 10,000 USDT crypto bonuses on MEXC
Frequently Asked Questions (FAQ)
Can I withdraw my MEXC welcome bonus?
No, MEXC bonuses cannot be withdrawn to another wallet or account. However, you can use the bonus for trading, and any profits earned from eligible trades can be withdrawn.
USDT vouchers cannot be used for trading and are only applied to offset futures trading fees, which can indirectly increase trading profitability.
How much can I get on MEXC for free without trading or depositing?
You can earn up to $35 in bonuses by completing simple tasks such as creating an account, completing KYC verification, and downloading and using the MEXC mobile app.
Can I receive bonuses without using a referral code or affiliate link?
MEXC offers some rewards to new users without a referral code. However, using a referral code or affiliate link unlocks the full range of available bonuses. To maximize your rewards, using an affiliate link is recommended.
How can I earn additional rewards on MEXC?
You can earn additional bonuses through the MEXC referral program. When someone registers using your referral link and starts trading, you can earn up to $20 in bonus rewards, along with a percentage of their trading fees.
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