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MEXC, a leading cryptocurrency exchange, offers a referral program that allows users to share unique codes, benefiting both the person referring (referrer) and the new user (referee).
This program is designed to attract new traders while rewarding existing ones, with details varying based on current promotions as of February 28, 2025.
How It Works
For Referrers: You can earn commissions, typically 40% of the trading fees from referred users’ activities, distributed daily. Higher rates are possible by becoming an MEXC Affiliate.
For Referees: New users might receive sign-up bonuses, such as up to $1,000 USDT, or trading fee discounts, depending on ongoing promotions. These benefits require completing tasks like deposits or trading volumes.
Using the Referral Code
To use a referral code, enter it during registration on MEXC’s website (MEXC Register). It’s a one-time entry, so ensure it’s valid before proceeding.
Research suggests MEXC’s referral code benefits both new and existing users, with varying bonuses depending on promotions.
Referrers likely earn up to 40% commission on trading fees, while referees may get sign-up bonuses like $1,000 USDT during specific events.
The evidence leans toward referral codes being entered at sign-up, with potential pitfalls like invalid codes or missed promotion deadlines.
While the standard program focuses on referrer commissions, some promotions linked to specific codes offer referees significant bonuses, like a $20 bonus for depositing $100 and trading, which might not be widely advertised.
In the rapidly evolving landscape of cryptocurrency trading, referral programs have become a strategic tool for exchanges to expand their user base while rewarding existing users.
MEXC, a prominent cryptocurrency exchange founded in 2018, operates a referral program that leverages unique referral codes to incentivize both referrers and referees.
This article provides a detailed examination of MEXC’s referral code system, its mechanics, benefits, and potential challenges, as understood in the context of February 28, 2025.
Understanding MEXC’s Referral Program
MEXC’s referral program is structured to encourage users to invite others to the platform, fostering a network effect that benefits both parties.
Each MEXC user is assigned a unique referral code or link, which can be shared with potential new users.
When a new user signs up using this code and engages in trading activities, the referrer earns a commission based on the trading fees generated by the referred user.
Benefits for the Referrer
The referrer’s primary benefit is earning a commission from the trading fees of their referrals. According to MEXC’s official documentation (MEXC Referral Program), the standard commission rate for both spot and futures trading is 40% for normal users.
This commission is calculated based on the net trading fees (actual fees paid minus any bonuses or discounts) and is distributed daily, with spot commissions credited at 00:00 UTC and futures at 01:00 UTC.
The program also offers an opportunity for users to apply as MEXC Affiliates, potentially increasing their commission rates to up to 70%, though specific rates for affiliates were not detailed in the available information.
This commission structure provides a passive income stream for referrers, particularly those with a large network of active traders.
The commissions are valid for 1,080 days from the referred user’s registration date, ensuring long-term earning potential.
However, commissions exclude fees from futures bonuses, deposit/withdrawal fees, and any trading activity deemed abnormal by MEXC, such as self-invitations, which are prohibited to prevent abuse.
Benefits for the Referee
While the referral program’s core design focuses on rewarding the referrer, MEXC frequently runs promotions and events that offer additional incentives to new users who sign up using a specific referral code. These promotions, as observed in various sources, can include:
Sign-up bonuses ranging from $20 to $8,070 USDT, depending on the promotion. For instance, a promotion mentioned on LUNC Metrics offers up to $8,070 USDT for new users signing up with their code “15LQV” and meeting certain deposit and trading thresholds.
Trading fee rebates or discounts, such as a 50% rebate on future trades, as noted in NFTEvening.
Task-based rewards, requiring actions like depositing a minimum amount (e.g., $100) and achieving a trading volume (e.g., $100), to earn bonuses like $20 USDT, as seen in a limited-time offer on MEXC Support.
These benefits are time-sensitive and often tied to specific events, such as deposit campaigns or futures trading competitions.
For example, an exclusive campaign for Crypto Zombie mentioned on MEXC Promotions offered bonuses for net deposits and trading volumes,
highlighting the variability and exclusivity of these offers. New users must complete tasks like KYC verification, making deposits, or meeting trading volume targets within set periods to qualify, and missing deadlines could result in forfeiting the bonus.
Mechanics of Using a Referral Code
To utilize a referral code on MEXC, a new user must enter it during the registration process. The process is straightforward:
Visit MEXC’s registration page (MEXC Register) and begin the sign-up process by entering an email address and creating a password.
Locate the field labeled “Referral Code 15LQV” during registration and input the code provided by the referrer.
Complete the registration by verifying the email and, if required, performing KYC verification to unlock certain bonuses.
It’s critical to note that only one referral code can be applied per account, and it must be entered at the time of sign-up, as it cannot be added retroactively.
This ensures a fair and transparent affiliate program, as mentioned in ChainPlay.gg.
Common Pitfalls and Precautions
While the referral program offers significant benefits, users should be aware of potential challenges:
Invalid or Expired Codes: Referral codes linked to specific promotions may expire, especially if tied to time-limited events. For example, a promotion ending on February 28, 2025, at 14:59 UTC, as noted on LUNC Metrics, would be invalid post-deadline.
Understanding Promotion Terms: New users must carefully read the terms and conditions of any promotion.
For instance, some bonuses require holding deposits for 7 days or achieving specific trading volumes, and failure to comply could result in forfeited rewards, as seen in MEXC Support.
Scams and Fake Codes: Be cautious of third-party websites offering referral codes with unrealistic bonuses, such as $8,070 USDT, which may not be officially endorsed by MEXC. Always verify the source, preferably through MEXC’s official channels.
Commission Calculation and Distribution: Referrers should understand that commissions are based on net trading fees, excluding bonuses and discounts, and are distributed daily, with potential delays. Self-invitations or abnormal trading activities can lead to commission cancellations, as outlined in MEXC Support.
Comparative Analysis with Other Exchanges
To contextualize MEXC’s referral program, a brief comparison with other major exchanges is insightful:
Exchange Referrer Commission Referee Benefits
Notes
MEXC Up to 40% (standard), 70% (affiliate) Sign-up bonuses, fee rebates (promotions)High commission rates, frequent promotions
Binance Up to 40% Fee discounts, occasional bonuses Broad user base, similar commission structure
Coinbase Varies by region Rewards for buying/selling crypto Focus on new user onboarding, less on fees
Kraken Up to 20% Fee discounts for both parties Lower commission rates, simpler structure
MEXC stands out for its high commission rates and its variety of promotions, particularly for new users, making it competitive in attracting both referrers and referees.
MEXC’s referral code system is a robust mechanism that benefits both referrers, through commission earnings, and referees, through potential sign-up bonuses during promotional periods.
As of February 28, 2025, the program offers a standard 40% commission for referrers and various bonuses for referees, such as up to $1,000 USDT, depending on current events.
Users must enter the code at registration, be aware of promotion terms, and avoid pitfalls like invalid codes or missed deadlines.
This program not only enhances user engagement but also underscores MEXC’s strategy to expand its user base in the competitive cryptocurrency exchange market.
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