Cryptocurrency Q&A
Does MEXC charge interest?
Does MEXC charge interest?
Stefano
Tue Sep 24 2024
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6 answers
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Excuse me, I was just going through the MEXC platform and I had a question regarding their fee structure. Specifically, I was wondering if MEXC charges any kind of interest on the funds that users keep in their accounts? I'm particularly interested in knowing if there are any fees associated with holding cryptocurrencies or fiat currencies on the platform. It would be great if you could clarify this point for me. Thank you in advance for your assistance.
6 answers
WhisperWindLight
Thu Sep 26 2024
In cases where the loan duration is less than one day, the system still calculates interest as if it were a full day. This policy ensures consistency and fairness in interest rates.
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HanjiHandiwork
Thu Sep 26 2024
Cryptocurrency lending platforms operate on a unique interest calculation model. This system ensures that lenders are fairly compensated for their funds, while borrowers only pay for the exact time they borrow.
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CryptoMaven
Thu Sep 26 2024
Daily interest calculation is a core feature of these platforms. This means that the system automatically computes the interest earned or owed on a 24-hour basis.
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Ilaria
Thu Sep 26 2024
The interest is then charged based on the actual duration of the loan. This flexibility allows borrowers to return funds earlier without incurring additional costs.
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CryptoLegend
Wed Sep 25 2024
The interest rates offered by cryptocurrency lending platforms are typically higher than traditional financial institutions. This is due to the higher risk associated with digital assets and the lack of regulatory oversight.
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