Topic: Is Mexc steeling my coins? (Read 75 times)
Which trades are you referring to when you said it was not like this before? It seems like you trade on MEXC since last year, are you sure their terms are still the same as before? Just in case you didn't notice they change something, like a fee tier change etc. Have you tried questioning them directly about it?
Why is your take buy and sell margin so small. With that small amount of money in your account you are not going to gain much while at the same time having a higher risk (in other words you are trading with a very bad risk to reward ratio which is pointless)
MEXC us not stealing your coins, but you are paying heavily in trading fees. Scalp trading is a very bad idea if the price movements are very small
Check your Trade history to get a clear picture
Click on Orders >> Spot Orders >> Trade History
MEXC us not stealing your coins, but you are paying heavily in trading fees. Scalp trading is a very bad idea if the price movements are very small
Check your Trade history to get a clear picture
Click on Orders >> Spot Orders >> Trade History
I can't trade any more, because my balance goes down after trades when it shouldn't be, this wasn't happening before.
For example how can my balance go down from 712.78 to 712.50 when the buy price was 57.695.00 and the sell price was 57.694.99
how is this possible
here is the screen shots links for evidence.
Just as Darker45 said already, all exchanges charges fee on trading, but the fee is little in percentage. MEXC has one of the lowest fee for trading. You can check both spot and future trading fee on the screenshot belowFor example how can my balance go down from 712.78 to 712.50 when the buy price was 57.695.00 and the sell price was 57.694.99
how is this possible
here is the screen shots links for evidence.
You can also be checking the fee rate yourself as it is on the exchange.
Quoting for image visibility.
Anyway, you might want to understand that there are fees that you need to pay every time you trade. Although many platforms don't charge a fee for the maker, there's almost always one for the taker. Not to mention that fees may vary from one trading pair to another. I've never used MEXC and I don't know how their fees work but you need to check it.
Also, since it appears you're fond of scalping, don't do it with only a cent of spread. If you do that, perhaps you need to have millions to make a decent profit out of it. Otherwise, instead of profit, you will have a loss since your negligible profit might not even be enough to pay the fees however low they may be.
If your order is only worth $712 and you're trying to make the most of the difference between $57,695.00 and $57,694.99, you might want to stop it. It's not worth your time, effort, screen exposure, and so on. You'd earn a world bigger if you decide to flip burger or deliver pizza instead.
Not to mention that exchanges have this penchant to not allow you to trade your coins down to the last Satoshi. There's almost always a little amount left. In your case, this might be enough to erase what little profit you imagine out of the spread.
Anyway, you might want to understand that there are fees that you need to pay every time you trade. Although many platforms don't charge a fee for the maker, there's almost always one for the taker. Not to mention that fees may vary from one trading pair to another. I've never used MEXC and I don't know how their fees work but you need to check it.
Also, since it appears you're fond of scalping, don't do it with only a cent of spread. If you do that, perhaps you need to have millions to make a decent profit out of it. Otherwise, instead of profit, you will have a loss since your negligible profit might not even be enough to pay the fees however low they may be.
If your order is only worth $712 and you're trying to make the most of the difference between $57,695.00 and $57,694.99, you might want to stop it. It's not worth your time, effort, screen exposure, and so on. You'd earn a world bigger if you decide to flip burger or deliver pizza instead.
Not to mention that exchanges have this penchant to not allow you to trade your coins down to the last Satoshi. There's almost always a little amount left. In your case, this might be enough to erase what little profit you imagine out of the spread.
I can't trade any more, because my balance goes down after trades when it shouldn't be, this wasn't happening before.
For example how can my balance go down from 712.78 to 712.50 when the buy price was 57.695.00 and the sell price was 57.694.99
how is this possible here is the screen shots links for evidence.
https://i.postimg.cc/sfMGr7H4/mexc1.png
https://i.postimg.cc/sgFxYLcM/mexc2.png
https://postimg.cc/7byZ1Gk5
https://postimg.cc/GHQbrq6R
For example how can my balance go down from 712.78 to 712.50 when the buy price was 57.695.00 and the sell price was 57.694.99
how is this possible
here is the screen shots links for evidence.https://i.postimg.cc/sfMGr7H4/mexc1.png
https://i.postimg.cc/sgFxYLcM/mexc2.png
https://postimg.cc/7byZ1Gk5
https://postimg.cc/GHQbrq6R
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