<p><strong>If you are unable to receive the SMS verification code on your mobile phone, it may be due to the reasons listed below. Please follow the corresponding instructions and try to obtain the verification code again. </strong></p><p><strong>Reason 1: SMS services for mobile numbers cannot be provided as MEXC does not offer service in your country or region.</strong></p><p><strong><br /></strong></p><p><strong>Reason 2: If you have installed security software on your mobile phone, it is possible the software has intercepted and blocked the SMS. </strong></p><p><span style="color:rgb( 255 , 0 , 0 )">Solution: Open your mobile security software and temporarily disable blocking, then try to obtain the verification code again. </span></p><p><strong><br /></strong></p><p><strong>Reason 3: Problems with your mobile service provider, i.e. SMS gateway congestion or other abnormalities. <br /></strong></p><p><span style="color:rgb( 255 , 0 , 0 )">Solution: When your mobile provider's SMS gateway is congested or experiencing abnormalities, it can cause delays or loss of sent messages. Contact your mobile service provider to verify the situation or try again later to obtain the verification code. </span></p><p><strong><br /></strong></p><p><strong>Reason 4: Too many SMS verification codes were requested too quickly. </strong></p><p><span style="color:rgb( 255 , 0 , 0 )">Solution: Clicking the button to send the SMS verification code too many times in rapid succession may affect your ability to receive the verification code. Please wait for a while and try again later. </span></p><p><strong><br /></strong></p><p><strong>Reason 5: Poor or no signal at your current location. <br /></strong></p><p><span style="color:rgb( 255 , 0 , 0 )">Solution: If you are unable to receive SMS or experiencing delays in receiving SMS, <strong>it is </strong><strong>likely</strong> due to poor or no signal. Try again in a location with better signal strength. </span></p><p><strong><br /></strong></p><p><strong>Other issues: </strong></p><p><strong><span style="color:rgb( 255 , 0 , 0 )">Disconnected mobile service due to </span><span style="color:rgb( 255 , 0 , 0 )">l</span></strong><span style="color:rgb( 255 , 0 , 0 )"><strong>ack of payment</strong><strong>, full phone storage, SMS verification being marked as spam</strong></span>, and other situations can also prevent you from receiving SMS verification codes. </p><p><strong><br /></strong></p><p><strong>Note:</strong></p><p>If you are still unable to receive SMS verification codes after trying the above solutions, it's possible that your have blacklisted the SMS sender. In this case, contact online customer service for assistance.</p>
<div><h2><span style="font-family:'arial' , 'helvetica' , sans-serif"><strong style="font-weight:bolder">1. Web</strong></span></h2><div> </div><div><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px">Go to the official <strong style="font-weight:bolder">MEXC website</strong>, scroll to the bottom of the homepage, and click<strong style="font-weight:bolder"> </strong></span><a href="https://www.mexc.com/official-verify"><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px"><strong style="font-weight:bolder">MEXC Verify</strong></span></a><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px"> under <strong style="font-weight:bolder">About</strong> to enter the verification page.</span></div><div> </div><div style="text-align:center"><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px"><img style="max-width:100%;height:auto;border-radius:12px;width:75%" src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20250911134021257MfprW0fPORUNvq.png" width="2936" height="1282" /></span></div><div> </div><div><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px">Select the social media channel you wish to verify and enter the corresponding account ID in the input box. Then click the <strong style="font-weight:bolder">🔍Search </strong>button.</span></div><div> </div><div style="text-align:center"><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px"><img style="max-width:100%;height:auto;border-radius:12px;width:75%" src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20250911134020541lSdSLLOyKjq0jk.png" width="2938" height="824" /></span></div><div> </div><div><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px">If the search confirms that the account is an official social media account, a green "Verified Official Source" pop-up will appear. For example, searching the X account @MEXC_TR will display the result shown in the image below.</span></div><div> </div><div style="text-align:center"><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px"><img style="max-width:100%;height:auto;border-radius:12px;width:75%" src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F2025091113402079062RuJa9Y4kjEDs.png" width="2936" height="1208" /></span></div><div> </div><div><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px">If the search confirms that the account is not an official social media account, a red "Unverified Source” pop-up will appear. For example, searching the X account @MEXC_Fans will display the result shown in the image below. In this case, you should be careful not to click on any links published by the account to avoid potential asset losses.</span></div><div> </div><div style="text-align:center"><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px"><img style="max-width:100%;height:auto;border-radius:12px;width:75%" src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20250911134020892nOQ63pZmhoTMln.png" width="2934" height="1346" /></span></div><div> </div><h2><span style="font-family:'arial' , 'helvetica' , sans-serif"><strong style="font-weight:bolder">2. App</strong></span></h2><div> </div><div><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px">1) Open the MEXC App and tap the <strong style="font-weight:bolder">More</strong> shortcut button.</span></div><div> </div><div><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px">2) Select <strong style="font-weight:bolder">Services → MEXC Verify</strong>.</span></div><div> </div><div><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px">3) Select the social media channel you wish to verify and enter the corresponding account ID in the input box. Then tap the <strong style="font-weight:bolder">Search</strong> button.</span></div><div> </div><div><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px">4) If the search confirms that the account is an official social media account, a green "Verified Official Source" pop-up will appear. For example, searching the X account @MEXC_TR will display the result shown in the image below.</span></div><div> </div><div><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px">5) If the search confirms that the account is not an official social media account, a red "Unverified Source" pop-up will appear. For example, searching the X account @MEXC_Fans will display the result shown in the image below. In this case, you should be careful not to click on any links published by the account to avoid potential asset losses.</span></div><div> </div><div style="text-align:center"><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px"><img style="max-width:100%;height:auto;border-radius:12px;width:75%" src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20250911134022721ktxItD2vt2csIA.png" width="5216" height="2157" /></span></div><div> </div><h2><span style="font-family:'arial' , 'helvetica' , sans-serif"><strong style="font-weight:bolder">3. Note</strong></span></h2><div> </div><div><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px">The official verification method provided by MEXC can accurately confirm whether the account ID you enter belongs to an official account. However, please be aware that some phishing scammers may copy the correct official account ID and place it in the profile description of a fake account. Therefore, when verifying whether a social media account is official, you must make sure that you are copying the actual account ID.</span></div><div> </div><div><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px">For example, consider a Telegram account. As shown in the image below, this is an official MEXC account, and its ID (username) is @Yui_MEXC. We recommend that users always use the copy button to copy the account ID directly instead of typing it manually, in order to avoid phishing accounts.</span></div><div> </div><div style="text-align:center"><span style="font-family:'arial' , 'helvetica' , sans-serif;font-size:16px"><img style="max-width:100%;height:auto;border-radius:12px;width:50%" src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20250911134020862fsj9aZMUVBjFu8.png" width="657" height="656" /></span></div><div> </div></div>
<div data-page-id="doxusB2MeXllYHTzfRRD7lJGl2c" data-docx-has-block-data="false"> <div class="ace-line ace-line old-record-id-doxusKeSGIsg8oekoG2djNuKBSb"> <strong>1.</strong><strong>About Auto Margin Addition Function</strong> </div> <div class="ace-line ace-line old-record-id-doxusQoAsW04I2ccskt5JWeJ7ph"> <div data-page-id="ROICdNwf7oVcBwxO5RJuz3Lssve" data-docx-has-block-data="false"> <div class="ace-line ace-line old-record-id-FkMYdKyS4oWSoCxqEnRu6MNKszd">Auto margin addition is a function that allows traders to automatically add margin to their existing positions to prevent liquidation. Once the auto margin addition function is enabled, your available margin will be automatically added to your position when liquidation is about to be triggered.</div> <div class="ace-line ace-line old-record-id-Icy4d0KyYoQ0mQxWysGudg2vsld"> </div> <div class="ace-line ace-line old-record-id-Icy4d0KyYoQ0mQxWysGudg2vsld">The amount of margin automatically added each time is the amount of the position's maintenance margin. If the available margin is insufficient, the user's order will be canceled, as a preferred method, to release a certain amount of margin, and the remaining available margin will be added to the position's margin. Once margin is added, the liquidation price will deviate further from the fair price.</div> </div> </div> <div class="ace-line ace-line old-record-id-doxusKe8WmCgsegM02Ju1iGEYRc"> </div> <div class="ace-line ace-line old-record-id-doxusKe8WmCgsegM02Ju1iGEYRc"> <strong>2.</strong><strong>Formula for Auto Margin Addition</strong> </div> <div class="ace-line ace-line old-record-id-doxusEukm8Om8yGGmOs7cGhB3kg"> <div data-page-id="ROICdNwf7oVcBwxO5RJuz3Lssve" data-docx-has-block-data="false"> <div class="ace-line ace-line old-record-id-OSuidu0y4ow8ISxMlijuTJ9bsJb">a. USDT-M Futures:</div> <div class="ace-line ace-line old-record-id-TUqydsqCCo4coOxSkW5uAjS9sZg">Amount of margin automatically added each time = Entry price * Quantity * Size * Maintenance margin rate</div> <div class="ace-line ace-line old-record-id-QweGdMOG4osmgexyvtPupVpGsZi">b. Coin-M Futures:</div> <div class="ace-line ace-line old-record-id-UuEudyeOyomkWsxAV9VufzKKsqe">Amount of margin automatically added each time = Quantity * Size * Maintenance margin rate / Entry price</div> </div> </div> <div class="ace-line ace-line old-record-id-doxusSkissqcM0Q8MIB31d398Wg"> </div> <div class="ace-line ace-line old-record-id-doxus4cWySy60i8KmGApuisqf9c"> <strong>3.</strong><strong>Example (using forward contract BTC_USDT ):</strong> </div> <div class="ace-line ace-line old-record-id-doxuskaoaCk46MqE0KIH3jlqQzb"> <div data-page-id="ROICdNwf7oVcBwxO5RJuz3Lssve" data-docx-has-block-data="false"> <div class="ace-line ace-line old-record-id-D4wQd0K2WoME0Exea5FuIj0Ssae">A trader opens a long position of 5,000 cont. with 10x leverage when the price of BTC_USDT is 18,000 USDT. The estimated liquidation price is calculated to be 16,288.98 USDT, whereas the available margin the trader has is 50 USDT.</div> <div class="ace-line ace-line old-record-id-FaU2dUyMgooQgExgPb3uFiLhsbc"> </div> <div class="ace-line ace-line old-record-id-FaU2dUyMgooQgExgPb3uFiLhsbc">If the fair price falls to 16,288.98 USDT, which is the liquidation price, the auto margin addition process will take place in order to prevent the position from being liquidated. Based on the auto margin addition formula above, we calculate that the amount of margin to be added is 36 USDT, and the new liquidation price after margin addition is 16,188 USDT. By doing so, liquidation of the user's position can be prevented.</div> <div class="ace-line ace-line old-record-id-L8c0d2oQKoGAsKxGfsuuuW0vsc4"> </div> <div class="ace-line ace-line old-record-id-L8c0d2oQKoGAsKxGfsuuuW0vsc4">If the price of BTC_USDT continues to fall and reaches the new liquidation price of 16,188 USDT, auto margin addition process will take place again. However, this time, only the remaining 14 USDT of the available margin can be added. If the amount of margin to be added is lower than the available balance, the margin can be added as per usual. Otherwise, the remaining 14 USDT of the available margin will be added, and the new estimated liquidation price will be calculated.</div> </div> </div> <div class="ace-line ace-line old-record-id-doxusGiQ40oKYKcSOeGFJjlzwoe"> </div> <div class="ace-line ace-line old-record-id-doxuswC8yicCuekW0QxXUrc4bxf"><strong>4.Important Notes</strong></div> <div class="ace-line ace-line old-record-id-doxusGa2gEOYwwM2uC09lU15Vvg"> <div data-page-id="ROICdNwf7oVcBwxO5RJuz3Lssve" data-docx-has-block-data="false"> <div class="ace-line ace-line old-record-id-CU6YdWyaQoIwAOxY59ouDU5gsxb">a. When liquidation is triggered, the system will first cancel all unfilled active orders to release more margin to prevent liquidation.</div> <div class="ace-line ace-line old-record-id-Eec8dWIuEomScIxw74AuwDqos7f">b. Auto margin addition is only effective in isolated margin mode. The function is not supported in cross margin mode.</div> <div class="ace-line ace-line old-record-id-EyuadkMAOoAwGsxSAGpuha1yscg">These rules are part of our platform's User Agreement and have the same legal effect as the User Agreement.</div> </div> </div> </div> <p><audio style="display: none;" controls="controls"></audio></p> <p><audio style="display: none;" controls="controls"></audio></p>
<p><strong style="font-weight:bolder">I. Website</strong><br /><strong style="font-weight:bolder">Step 1:</strong> Login your account, find the "person" icon at the upper right corner and click "up to 50% referral commission ". <br /><br /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232302758LcpHQnInZcvTi5.png" alt="mceclip0.png" style="max-width:100%;height:auto" /><strong style="font-weight:bolder">Step 2:</strong> The referral link, referral code and referral poster are available for your selection in the middle of the referral page. <br /><br /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232304236WcHmW9HZJ0K2Gm.png" alt="mceclip1.png" style="max-width:100%;height:auto" /><strong style="font-weight:bolder">Step 3:</strong> When the referee registers with your referral link, code or poster, you can receive a referral commission from every transaction made by your referee, which will be distributed on the next day, and the amount can be viewed on the referral page.<br /><br /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232305756WThw6RZx8rBLfT.png" alt="mceclip2.png" style="max-width:100%;height:auto" /></p><p><strong style="font-weight:bolder">II. MEXC APP</strong><br /><strong style="font-weight:bolder">Step 1:</strong> Find the "Person" icon on the upper left corner. Then, click "referral commission".<br /><br /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232307264tk3Ntc1zDXFmCJ.png" alt="mceclip3.png" width="271" height="469" style="max-width:100%;height:auto" /> <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232308683RtzBmSnE2kvNXI.png" alt="mceclip4.png" width="271" height="471" style="max-width:100%;height:auto" /><br /><strong style="font-weight:bolder">Step 2: </strong> You can "Share Referral Poster" or "Share Referral Link" to your referee.<br /><br /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232310179lpbs1SGCY0wedr.png" alt="mceclip5.png" width="298" height="516" style="max-width:100%;height:auto" /><br /><strong style="font-weight:bolder">Step 3:</strong> When the referee registered by your referral link, code or poster, you can receive referral commission from every transaction made by your referee, which will be distributed on the next day. You can click "Record" to view your "invitation record" and "rebate record". <br /><br /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232311659lG3ZovqthitgbS.png" alt="mceclip7.png" width="282" height="486" style="max-width:100%;height:auto" /> <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232313114upfFHeUx4oMEaz.png" alt="mceclip6.png" width="282" height="488" style="max-width:100%;height:auto" /></p><p><strong style="font-weight:bolder">III. Referral Commission Rules</strong><br /><br />1. The referral commission rate will be based on the referrer's MX Token position.1) MX position < 50,000, referral commission rate 20%;2) 50,000<= MX position< 100,000, referral commission rate 40%;3) MX position ≥ 100,000, referral commission rate 50%;4) MEXC community partner, referral commission rate 60% <br /><br />2. The referral commission will be settled in USDT/<a href="https://www.mexc.com/price/ETH?utm_source=mexc&utm_medium=pageannouncement&utm_campaign=pagepriceeth">ETH</a>/<a href="https://www.mexc.com/price/BTC?utm_source=mexc&utm_medium=pageannouncement&utm_campaign=pagepricebtc">BTC</a> and returned to the referrer's account. That means, if the referee trades via USDT/ETH/BTC, the referral commission the referrer receives will be the USDT/ETH/BTC correspondingly. <br /><br />3. The referral commission will be settled daily, and it will be distributed to the referrer's account on the next day. <br /><br />4. Referral amount = trading volume * trading fee rate * referral commission rate<br /><br />5. The referral relation will be valid during the activity period. <br /><br />6. Deposit/withdrawal fees and margin trading fees are not included in the referral commission program.<br /><br />7. There's no limit to the number of referees. MEXC reserves the right to amend referral rules at any time.<br /><br />8. MEXC will strictly investigate duplicate accounts or fake accounts and will not pay commission once verified. If the referee violates the corresponding risk control rules, the referral commission will not be refunded to the inviter's account. At the same time, the invitation relationship of the invitee will become [invalid], and the commission will become [invalid rebate].</p>
<p>In order to reduce transaction fees, provide a better trading experience and reward active traders, MEXC Futures implemented a tiered fee rate starting at 16:00 (UTC+8) on October 14, 2020. The details are as follows:</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231805483FdPBCVd43bLamM.jpg" alt="_en.jpg"></p> <p><strong>Note:</strong></p> <ol> <li>Trading volume= opening + closing (all contract types).</li> <li>Trader level is updated every day at 16:00(UTC) according to the user's Futures account wallet balance or the user's 30-day trading volume. The update time may be slightly delayed.</li> <li>When the contract fee rate is 0 or negative, the contract fee discount will not be used.</li> <li>Market makers are not entitled to this discount.</li> </ol> <p>These rules form part of the platform user agreement and have the same legal effect as the user agreement.</p>
<p><strong>Step 1: </strong>Click “Trade," and select “Spot."</p> <p>Note: Please ensure that you have transferred the tokens from the “Fiat account” or “Margin account” to the “Main account”, or you have deposited them to your “Main account” from a third party.</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231026603JE3dP2q5LuPMn8.png" alt="mceclip6.png"></p> <p><strong>Step 2: </strong>Please select the trading pair that you want to trade directly, such as “BTC/USDT”, or “search” it</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231028098B1eXrNEMK8tABX.png" alt="mceclip7.png"></p> <p><strong>Step 3：</strong>Select “Limit Order”, “Market”, or “Stop-Limit” based on your needs. </p> <p><strong>3.1 Limit Order</strong></p> <p>Please select “Limit Order”, enter the “Price” and “Amount”, and click “Buy BTC” or “Sell BTC” to place the order</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304282310295057Xay7aTkMHNIwe.png" alt="mceclip8.png"></p> <p><strong>3.2 Market Order</strong></p> <p>Please select “Market”, enter the “Price” or “Amount”, and click “Buy BTC” or “Sell BTC” to place the order.</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304282310309413G0MWPOgpFImvJ.png" alt="mceclip10.png"></p> <p><strong>3.3 Stop-Limit</strong></p> <p>Please select “Stop-Limit”, enter the “Stop Price”, “Limit Price” and “Amount”, and click “Buy BTC” or “Sell BTC” to place the order.</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231032603tzf7sHh44NshAZ.png" alt="mceclip12.png"></p> <p><strong>Step 4：</strong>Check the order state at the bottom of the page.</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231034051MiHWX4pLYBDnn1.png" alt="mceclip13.png"></p>
<div><h2><span style="font-family:'arial' , 'helvetica' , sans-serif"><strong style="font-weight:bolder">1. Overview</strong></span></h2><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">To regulate trading activities, maintain market functioning, and ensure fairness, MEXC monitors trading activity to identify and address irregular behavior. When abnormal trading behavior is identified, MEXC may initiate procedures for handling abnormal trading and take corresponding management measures against the users involved.</span></span></div><div> </div><h2><span style="font-family:'arial' , 'helvetica' , sans-serif"><strong style="font-weight:bolder">2. Identification of Abnormal Trading Behavior</strong></span></h2><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">A user's activity will be deemed abnormal trading behavior under any of the following circumstances:</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">1) Engaging in repeated self-trading (buying and selling with oneself) or transactions between accounts under the same beneficial control, acting as counterparties multiple times (self-matching). This includes, but is not limited to, abnormal behavior such as identical or related sources of funds across one or more accounts, identical IP addresses, or synchronized trading patterns; accounts under the same actual control using wash trading or matched trades to manipulate market prices; or repeated counterparty transactions between customers within one or more accounts under common control.</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">2) Frequent intraday order placement and cancellation that may affect trading prices or mislead other market participants (frequent order placement and cancellation).</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">3) Multiple intraday large-order placements and cancellations that may affect trading prices or mislead other market participants (large-order placement and cancellation).</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">4) The number of opened trades in a single day for a specific trading product (including but not limited to MEXC Futures or Spot) exceeds the intraday trading limits set by the exchange.</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">5) Using algorithmic trading methods to place orders in a way that may affect the security of MEXC's systems or the normal trading order.</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">6) Trading behavior carried out with dishonest intent: Where MEXC reasonably determines that there may be suspected or actual market manipulation and/or market abuse, including but not limited to the following:</span></span></div><ul style="list-style-type:disc" start="1"><li style="text-align:left"><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">Conducting trades at executable prices that significantly deviate from current market prices to secure unfair profit.</span></span></div></li><li style="text-align:left"><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">Deliberately influencing market prices or market depth by other means for the purpose of manipulation.</span></span></div></li><li style="text-align:left"><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">Exploiting MEXC's pricing mechanisms or other system vulnerabilities for improper gain.</span></span></div></li><li style="text-align:left"><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">Engaging in abnormal wash trading to create a false appearance of market activity or distort market behavior for improper gain.</span></span></div></li></ul><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">7) Coordinated multi-account activity: Where two or more accounts are under common control or highly related, and by synchronizing or coordinating their trading behavior, may constitute market manipulation or abuse. In such cases, MEXC may assess and handle the activity collectively based on comprehensive evidence.</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">8) Any other circumstances as determined by MEXC.</span></span></div><div> </div><h2><span style="font-family:'arial' , 'helvetica' , sans-serif"><strong style="font-weight:bolder">3. Handling of Abnormal Trading Behavior</strong></span></h2><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">To safeguard the integrity of trading on MEXC, if a user engages in any of the abnormal trading behaviors listed above, MEXC may, without prior notice, take the following measures against the account:</span></span></div><div style="text-align:left"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">1) Require the user to provide a report on their trading activity.</span></span></div><div style="text-align:left"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">2) Restrict, suspend, or terminate the user’s access to the </span></span><a href="https://www.mexc.com/"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">MEXC website</span></span></a><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">.</span></span></div><div style="text-align:left"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">3) Restrict opening new positions, impose deadlines for position closures, or enforce liquidation.</span></span></div><div style="text-align:left"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">4) Restrict deposits and withdrawals for the account.</span></span></div><div style="text-align:left"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">5) Close the account and confiscate any remaining assets.</span></span></div><div style="text-align:left"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">6) Take any other measures permitted under the exchange's business rules.</span></span></div><div> </div><h2><span style="font-family:'arial' , 'helvetica' , sans-serif"><strong style="font-weight:bolder">4. Disclaimer of Liability</strong></span></h2><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">Users participating in trading on MEXC must comply with applicable laws, regulations, and the business rules of the exchange, and are subject to MEXC's oversight and monitoring of the legitimacy of their trading activities. Users are expected to regulate their own trading behavior accordingly.</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">MEXC reserves the right to pursue any fair and legally permissible remedies in response to abnormal trading behavior, including but not limited to restricting all trading activities of abnormal trading accounts. MEXC shall bear no liability for any economic losses arising from suspected violations of these rules.</span></span></div><div> </div></div>
<p><span style="font-weight: 400;">MEXC offers two kinds of contracts: USDT-M and COIN-M contracts. The USDT-M contract is quoted in USDT and settled in USDT while the COIN-M contract is quoted in USDT and settled in BTC. The principle of calculation is similar but there are some slight differences. Please note that during the calculation, trading fee and other complex components will not be taken into account. The aim is to explain how margin is calculated to users.</span></p> <p> </p> <ol> <li><strong> Margins Explained</strong></li> </ol> <p><span style="font-weight: 400;">All MEXC perpetual contracts require a certain amount of margin to open a position.</span></p> <p><span style="font-weight: 400;">Successful margin trading requires an understanding of the following concepts:</span></p> <p><strong>Starting Margin</strong><span style="font-weight: 400;">: This minimum margin required to open a position. Your starting margin is dependent on margin rate requirements.</span></p> <p><strong>Maintenance Margin</strong><span style="font-weight: 400;">: The minimum margin requirement for maintaining a position below which additional funds will have to be deposited or forced liquidation may occur.</span></p> <p><strong>Opening Cost</strong><span style="font-weight: 400;">: The total amount of funds required to open a position, including the initial margin for opening a position and transaction fees.</span></p> <p> </p> <ol start="2"> <li><strong> Margin calculation</strong></li> </ol> <p><span style="font-weight: 400;">In perpetual contracts, the order cost is the margin required to open a position. The actual cost is determined by whether the order is executed by a maker or taker because varying fees apply.</span></p> <p><em><span style="font-weight: 400;">COIN-M contract: Order cost (margin) = number of open positions * futures size / (leverage multiplier * avg. entry price)</span></em></p> <p><em><span style="font-weight: 400;">USDT-M contract: Order cost (margin) = avg. entry price * number of open positions * futures size / leverage multiplier</span></em></p> <p> </p> <p><span style="font-weight: 400;">Examples:</span></p> <p><strong>COIN-M Contracts</strong></p> <p><span style="font-weight: 400;">If a trader wants to purchase 100 BTC/USDT perpetual contracts at the price of 7,000USD with a leverage multiplier of 25, and the value of each contract is 100 USD, then the margin required = 100x100 / (7000x25 ) = 0.0571BTC.</span></p> <p> </p> <p><strong>USDT-M Contracts</strong></p> <p><span style="font-weight: 400;">If a trader wants to purchase 10,000 BTC/USDT perpetual contracts at the price of 7,000USDT with leverage multiplier of 25, and the value of each contract is 0.0001BTC, then the margin required = 10000x0.0001x7000/25 = 280 USDT.</span></p> <p> </p> <ol start="3"> <li><strong> PNL Calculation</strong></li> </ol> <p><span style="font-weight: 400;">PNL calculation includes fee income or expenditure, funding fee income or expenditure, and PNL upon closing a position.</span></p> <p><strong>Fee</strong></p> <p><span style="font-weight: 400;">The expenditure of the taker = Position value * Taker fee </span></p> <p><span style="font-weight: 400;">The expenditure of the maker = Position value * Maker fee</span></p> <p><strong>Funding fee</strong></p> <p><span style="font-weight: 400;">According to the negative or positive funding fee rate and the long or short position held, the trader will pay or receive funding fee.</span></p> <p><span style="font-weight: 400;">Funding fee = funding fee rate * position value</span></p> <p><span style="font-weight: 400;">Note: The position value is calculated from the fair price when the funding fee rate is settled.</span></p> <p><strong>Closing PNL:</strong></p> <p><em><span style="font-weight: 400;">USDT-M Contract</span></em></p> <p><span style="font-weight: 400;">Long position = (exit price - avg. entry price) * number of holding positions * futures size</span></p> <p><span style="font-weight: 400;">Short position = (avg. entry price - exit price) * number of holding positions * futures size</span></p> <p><em><span style="font-weight: 400;">COIN-M Contract</span></em></p> <p><span style="font-weight: 400;">Long position = (1/avg. entry price - 1/avg. exit price) * number of holding positions * futures size</span></p> <p><span style="font-weight: 400;">Short position = (1/avg. exit price - 1/avg. entry price) * number of holding positions * futures size</span></p> <p><strong>Floating PNL</strong></p> <p><em><span style="font-weight: 400;">USDT-M Contract</span></em></p> <p><span style="font-weight: 400;">Long position = (fair price - avg. entry price) * number of holding positions * futures size</span></p> <p><span style="font-weight: 400;">Short position = (avg. entry price - fair price) * number of holding positions * futures size</span></p> <p><em><span style="font-weight: 400;">COIN-M Contract</span></em></p> <p><span style="font-weight: 400;">Long position = (1/avg. entry price - 1/fair price) * number of holding positions * futures size</span></p> <p><span style="font-weight: 400;">Short position = (1/fair price - 1/avg. entry price) * number of holding positions * futures size</span></p> <p> </p> <p><span style="font-weight: 400;">For example, a trader purchases 10,000 cont. long for BTC/USDT perpetual contract at the price of 7,000USDT as a taker. If the taker fee is 0.06%, the maker fee is 0.02%, the funding fee rate is -0.025%, and the current fair price is 7000USDT, then the trader shall pay a taker fee of:</span></p> <p><span style="font-weight: 400;">7000*10000*0.0001*0.06% = 4.2USDT</span></p> <p><span style="font-weight: 400;">and the trader pays a funding fee of:</span></p> <p><span style="font-weight: 400;">7000*10000*0.0001*-0.025% = -1.75USDT</span></p> <p><span style="font-weight: 400;">In this situation, the negative value means that the trader receives the funding fee instead.</span></p> <p> </p> <p><span style="font-weight: 400;">When said trader closes 10,000 cont. BTC/USDT perpetual contract at 8,000USDT, then the closing PNL is:</span></p> <p><span style="font-weight: 400;">(8000-7000) *10000*0.0001 = 1000 USDT</span></p> <p><span style="font-weight: 400;">And the closing fee can be calculated as follows:</span></p> <p><span style="font-weight: 400;">8000*10000*0.0001*0.02% = 1.6 USDT</span></p> <p><span style="font-weight: 400;">Hence, the realized PNL of the trader = 1000+1.75-4.2-1.6 = 995.95 USDT</span></p>
<ol><li><span style="font-weight:400"> What are perpetual futures?</span></li></ol> <p><span style="font-weight:400">A perpetual futures contract is a cryptocurrency derivative similar to leveraged spot trading. Users can choose to buy long or sell short by predicting the change in price and gain from it. Unlike the traditional futures contract, perpetual futures contracts do not have settlement dates, and the index price is anchored by the funding rate. For more information, please refer to the introduction to perpetual futures.</span></p> <p> <br /></p> <ol><li><span style="font-weight:400"> What is a mark price?</span></li></ol> <p><span style="font-weight:400">The fair price refers to the marked price. It is used to calculate the unrealized PNL and liquidation price in futures trading. Fair price reflects the most reasonable price in the market.</span></p> <p><span style="font-weight:400">For more information, refer to >> <a href="https://mexc.zendesk.com/hc/en-001/articles/360044199872" rel="nofollow">Fair Price</a></span></p> <p> <br /></p> <ol><li><span style="font-weight:400"> What is the maximum leverage multiplier in MEXC Futures?</span></li></ol> <p><span style="font-weight:400">MEXC Futures supports 1-200x freely adjustable leverage, and the leverage multiplier varies by product. </span></p> <p> <br /></p> <p><span style="font-weight:400">*MEXC Futures now supports up to 200x leverage.</span></p> <p> <br /></p> <ol><li><span style="font-weight:400"> How much are futures trading fees?</span></li></ol> <p><span style="font-weight:400">To encourage regular users and traders to instill liquidity into the market, the trading fees for regular users are 0.01% for Maker and 0.05% for Taker.</span><span style="font-weight:400"><br /></span></p> <ol><li><span style="font-weight:400"> How do I check the futures funding rate?</span></li></ol> <p><span style="font-weight:400">Traders can see the current market funding rate in the “Funding Rate” section in the header of the chart.</span></p> <p><span style="font-weight:400">For past funding rates, please check the funding rate history.</span></p> <p> <br /></p> <ol><li><span style="font-weight:400"> How to calculate futures PNL?</span></li></ol> <p> <br /></p> <p><span style="font-weight:400">Closing PNL:</span></p> <p><span style="font-weight:400">USDT-M Futures</span></p> <p><span style="font-weight:400">Long Position = (Exit Price - Average Entry Price) * Number of Positions * Futures Size;</span></p> <p><span style="font-weight:400">Short Position = (Average Entry Price - Exit price) * Number of Positions * Futures Size;</span></p> <p> <br /></p> <p><span style="font-weight:400">Coin-M Futures</span></p> <p><span style="font-weight:400">Long Position = (1 / Average Entry Price - 1 / Average Exit Price) * Number of Positions * Futures Size;</span></p> <p><span style="font-weight:400">Short Position = (1 / Average Exit Price - 1 / Average Entry Price) * Number of Positions * Futures Size.</span></p> <p> <br /></p> <p><span style="font-weight:400">Floating PNL:</span></p> <p><span style="font-weight:400">USDT-M Futures</span></p> <p><span style="font-weight:400">Long Position = (Fair Price - Average Entry Price) * Number of Positions * Futures Size;</span></p> <p><span style="font-weight:400">Short Position = (Average Entry Price - Fair Price) * Number of Positions * Futures Size;</span></p> <p> <br /></p> <p><span style="font-weight:400">Coin-M Futures</span></p> <p><span style="font-weight:400">Long Position = (1 / Average Entry Price - 1 / Fair Price) * Number of Positions * Futures Size;</span></p> <p><span style="font-weight:400">Short Position = (1 / Fair Price - 1 / Average Entry Price) * Number of Positions * Futures Size.</span></p> <p> <br /></p> <ol><li><span style="font-weight:400"> How to calculate liquidation price?</span></li></ol> <p><span style="font-weight:400">Liquidation Condition: If Position Margin + Floating PNL <= Maintenance Margin, liquidation will occur.</span></p> <p><span style="font-weight:400">Long Position: Liquidation Price = (Maintenance Margin - Position Margin + Average Entry Price x Quantity x Futures Size) / (Quantity x Futures Size);</span></p> <p><span style="font-weight:400">Short Position: Liquidation Price = (Average Entry Price x Quantity x Futures Size - Maintenance Margin + Position Margin) / (Quantity x Face Value).</span></p> <p><span style="font-weight:400">For more details, please refer to >>> Liquidation & Risk Limits </span></p> <p> <br /></p> <p> <br /></p> <p><span style="font-weight:400">These rules form part of the Platform User Agreement and carry the same legal effect as the User Agreement.</span></p> <p> <br /></p> <p> <br /></p>
<p style="line-height:1.62;margin-top:3pt;margin-bottom:3pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:12pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Why is Fair Price Used for Calculating PNL and Liquidation Price?</span></strong></p><p style="line-height:1.62;margin-top:3pt;margin-bottom:3pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">To enhance the stability of the futures market and reduce unnecessary forced liquidations during abnormal market fluctuations, MEXC uses a uniquely designed fair price marking system for perpetual futures. Without this system, market manipulation or lack of liquidity could lead to deviations between the intraday price and the price index, resulting in unnecessary forced liquidations.</span></strong></p><p><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><br /></strong></p><p style="line-height:1.62;margin-top:3pt;margin-bottom:3pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:12pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Fair Price Marking Mechanism</span></strong></p><p style="line-height:1.62;margin-top:3pt;margin-bottom:3pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Please note that this price only affects the liquidation price and unrealized PNL. It does not have an impact on realized PNL.</span></strong></p><p style="line-height:1.62;margin-top:3pt;margin-bottom:3pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Note: This means that after your order is filled, you may immediately see positive or negative unrealized PNL. This occurence is due to the slight deviations between the fair price and the filled price. It is a normal occurrence and does not imply that you have lost funds. However, it is essential to monitor your liquidation price to prevent premature forced liquidation.</span></strong></p><p><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><br /></strong></p><p style="line-height:1.62;margin-top:3pt;margin-bottom:3pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:12pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">The calculation method for the fair price of perpetual futures is as follows:</span></strong></p><p style="line-height:1.62;margin-top:5pt;margin-bottom:5pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Fair Price Calculation Formula = Median (Funding Rate Premium, Fair Mid-price of Basis, Last Price)</span></strong></p><p style="line-height:1.62;margin-top:5pt;margin-bottom:5pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Funding Rate Premium = Index Price * (1 + Latest</span><a href="https://futures.mexc.com/information/funding_list?symbol=BTC_USDT&type=linear_swap" style="text-decoration:none"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Funding Rate</span></a><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline"> * (Hours Until Next Funding Rate Settlement / Hours in Funding Rate Settlement Cycle))</span></strong></p><p style="line-height:1.62;margin-top:5pt;margin-bottom:5pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Fair Mid-price of Basis =</span><a href="https://futures.mexc.com/information/index_price?symbol=BTC_USDT&type=linear_swap" style="text-decoration:none"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Index Price</span></a><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline"> + Moving Average of Basis (Specified Cycle)</span></strong></p><p style="line-height:1.62;margin-top:5pt;margin-bottom:5pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Moving Average of Basis (Specified Cycle) = MA ((Best Bid Price + Best Ask Price) / 2 - Index Price)</span></strong></p><p style="line-height:1.62;margin-top:5pt;margin-bottom:5pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Last price refers to the latest traded price of the futures pair, updated in real-time.</span></strong></p><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><br /><p style="line-height:1.62;margin-top:5pt;margin-bottom:5pt"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">The fair price allows for a better estimation of the "true" value of the futures pair. For MEXC perpetual futures, the fair price is used to prevent unnecessary liquidations and deter market manipulation.</span></p></strong><p></p><p></p><p><br /></p><br class="Apple-interchange-newline" />