MEXC Trading: How to Trade Crypto for Beginners

How to Register an Account on MEXC

Register MEXC account

To start trading on MEXC, you need to create an account on the MEXC Exchange website first. Here are the steps to do so:

1. Go to the MEXC Exchange website and click on "Sign Up" at the top right corner of the page. 

2. Enter your email address or phone number or you can also sign up with your Google, Apple, MetaMask, or Telegram account if you prefer.

3. A pop-up window will open; complete the captcha within it.

4. Create a strong password that includes letters, numbers, and special characters. Afterward, click the "Log In" button in blue.

5. Enter the 6-digit codes, MEXC texted to your email or phone.

Congratulations! You have successfully created your MEXC account. You can now access your personal dashboard.

Verify MEXC account: Step-by-Step Guide

Verifying your MEXC account is a simple and straightforward process that involves providing personal information and verifying your identity.


Distinguishing KYC Categories at MEXC

There are two types of MEXC KYC: primary and advanced.

• Basic personal information is required for primary KYC. Completing primary KYC enables an increase in the 24-hour withdrawal limit to 80 BTC, with no limit on OTC transactions.
• Advanced KYC requires basic personal information and facial recognition authentication. Completing advanced KYC enables an increase in the 24-hour withdrawal limit to 200 BTC, with no limit on OTC transactions.

Primary KYC on the Website

1. Access the MEXC website and log in to your account.

Select the user icon located in the upper right corner - [Identification].

2. Next to "Primary KYC", click on [Verify]. You also have the option to bypass the primary KYC process and proceed directly to advanced KYC.

3. Select your Nationality of ID and ID Type.
4. Enter your Name, ID Number, and Date of Birth.

5. Take photos of the front and back of your ID card, and upload them.

Please ensure that your photo is clear and visible, and all four corners of the document are intact. Once completed, click on [Submit for review]. The result of the primary KYC will be available in 24 hours.

Advanced KYC on the Website

1. Access the MEXC website and log in to your account.

Click on the user icon on the top right corner - [Identification].

2. Next to "Advanced KYC", click on [Verify].

3. Select your Nationality of ID and ID Type. Click on [Confirm].

Please take note of the following: If you haven’t finished your initial KYC, you’ll be required to specify your Nationality and ID Type during the advanced KYC process. However, if you have already completed your initial KYC, the Nationality you initially provided will be automatically used, and you’ll only need to select your ID Type.

4. Tick the box next to "I confirm that I have read the Privacy Notice and give my consent to the processing of my personal data, including biometrics, as described in this Consent." Click on [Next].

5. Upload the photos according to the requirements on the webpage.

Please ensure that the document is fully displayed and your face is clear and visible in the photo.

6. After checking that all the information is correct, submit the advanced KYC.

That’s it! MEXC will review your documents and approve them within 24 hours.

How to Trade on MEXC

Deposit Cryptocurrency to MEXC

You can opt to move cryptocurrency from other wallets or platforms to the MEXC platform for trading if you already hold it elsewhere.

Step 1: Click on [Wallets] in the top right corner and select [Spot].
Step 2: Click on [Deposit] on the right-hand side.

Step 3:Choose the cryptocurrency and its associated network for the deposit, then click on [Generate Address]. To illustrate, let’s consider depositing MX Tokens using the ERC20 network. Copy the MEXC deposit address and paste it into the withdrawal platform.

Ensure that the network you choose aligns with the one you’ve selected on your withdrawal platform. Selecting an incorrect network could result in permanent loss of your funds, as recovery may not be possible.

Keep in mind that various networks come with varying transaction fees. You have the option to pick a network with lower fees for your withdrawals.

For certain networks like EOS, you will need to provide a Memo in addition to the address when making deposits. Otherwise, your address cannot be detected.

Let’s use the MetaMask wallet as an example to demonstrate how to withdraw MX Token to the MEXC platform.

Step 4: In your MetaMask wallet, select [Send].

Paste the copied deposit address into the withdrawal address field in MetaMask, and make sure to select the same network as your deposit address.

Step 5: Enter the amount you want to withdraw and click on [Next].

Review the MX Token withdrawal amount, verify the current network transaction fee, ensure all details are accurate, and then proceed by clicking [Confirm] to finalize the withdrawal to the MEXC platform. Your funds will be deposited into your MEXC account shortly.

Buy Cryptocurrency using Credit/ Debit Card on MEXC

In this guide, you’ll discover a comprehensive step-by-step tutorial for purchasing cryptocurrency using Debit Cards or Credit Cards with Fiat currencies. Before you begin your Fiat purchase, please complete your Advanced KYC.

Step 1: Click Buy Crypto on the upper navigation bar and select “Debit/Credit Card”.

Step 2: Complete your Card Linking by clicking through “Add Card”.

1. Click on “Add Card”
2. Complete the process by entering your Debit/Credit Cards’ details.

General guide

1. Please note that you can only pay with cards in your name.
2. Payments via Visa Card and MasterCard are well supported.
3. You can only link the Debit/Credit Cards in the supported local jurisdictions.

Step 3: Start your crypto purchase via Debit/Credit Card after completing the card linking.

1. Select the Fiat Currency for the payment. Currently, only EUR, GBP and USD are supported.
2. Fill in the amount in Fiat Currency you intend to buy with. The system will then automatically display the amount of Crypto you will get based on the real-time quote.
3. Select the Debit/Credit Card you intend to use for the payment and proceed to click on “Buy Now” to initiate the crypto purchase.

Note: Real-time quote is derived from Reference price from time to time.

Step 4: Your order is currently being processed.

1. You will be redirected to your bank’s OTP transaction page. Follow the on-screen instructions to verify the payment.
2. Bank card payment processing is usually complete within minutes. Purchased crypto will be credited to your MEXC Fiat Wallet once the payment has been verified.

Step 5: Your order is now completed.

1. Check the Orders tab. You may view all of your previous Fiat transactions here.

Important Notes

1. The service is only available to KYC users in the supported local jurisdictions.
2. You can only pay with cards in your name.
3. A charge of approximately 2% fee is applied.
4. Deposit limit: [Maximum Single Transaction Limit 3,100 USD, 5,000 EUR and 4,300 GBP] ; [Maximum Daily Limit 5,100 USD, 5,300 EUR and 5,200 GBP]

Buy Cryptocurrency using Bank Transfer - SEPA on MEXC

Here you will find a detailed step-by-step guide on depositing EUR via SEPA Transfers to MEXC. Before you begin your fiat deposit, please complete your Advanced KYC.

Step 1: Click Buy Crypto on the upper navigation bar and select “Global Bank Transfer”.

Step 2:

1. Select EUR as the Fiat currency for the payment.
2. Fill in the amount in EUR to get the real-time quote based on your transaction needs.
3. Proceed to click on Buy Now and you will be redirected to the Order page.

Note: Real-time quote is derived from Reference price from time to time. The final purchase token will be credited to your MEXC account based on the amount transferred and the latest exchange rate.


Step 3:

1. Check the Reminder box. Remember to include the Reference Code in the transfer remark when paying for the Fiat order to ensure a successful transaction. Otherwise, your payment might be interrupted.
2. You will have 30 minutes to complete the payment after the Fiat order has been placed. Please arrange your time reasonably to complete the order and the relevant order will expire after the timer ends.
3. All payment information required is displayed on the Order page, including [Receiver’s Bank Information] and [Additional Information]. Once you have completed the payment, please proceed to click on the I’ve paid

Step 4: The payment will be processed automatically after you mark the order as Paid. Generally, the Fiat order is expected to be completed within two hours if it is through SEPA Instant payment. Otherwise, it is estimated to take 0-2 business days for the completion of the order.


Step 5: Check the Orders tab. You may view all of your previous Fiat transactions here.

Important Notes

1. The service is only available to KYC users in the supported local jurisdictions.
2. Deposit limit: [Maximum Single Transaction Limit 20,000 EUR] ; [Maximum Daily Limit 22,000 EUR]

Deposit Notes

1. Please verify that the bank account you are sending funds from matches the name on your KYC documentation.

2. Make sure to input the correct Reference Code for the transfer; otherwise, the transaction may not process successfully.

3. The final purchased tokens will be credited to your MEXC account based on the transferred amount and the most up-to-date exchange rate.

4. Please note that you are limited to three cancellations per day.

5. Your purchased cryptocurrency will be deposited into your MEXC account within two business days. It is recommended to use banks with SEPA-Instant support for SEPA orders. You can view the list of banks that offer SEPA-Instant support.

Supported European Countries via SEPA
Austria, Belgium, Bulgaria, Croatia, Switzerland, Cyprus, United Kingdom, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden

Buy Cryptocurrency through P2P Trading from MEXC

Step 1: Enter [P2P Trading]

Click [Buy Crypto] - [P2P Trading] respectively

Step 2: Confirm Order Information based on your transaction needs

1. Choose P2P as the transaction mode;
2. Click on Buy Tab to view the available Ads;
3. Amongst the selection of the available cryptos [USDT] [USDC] [BTC] [ETH], choose the one you intend to buy;
4. Select your preferred P2P Merchant under the Advertiser column, then hit the Buy USDT button. You are now prepared to begin a P2P Buy transaction!

Note: Remember to check on the supported payment methods offered by the Advertisements (Ads) you’ve chosen.

Step 3: Providing Purchase Information

1. Click the "Buy USDT" button to open the purchase interface.
2. In the "[I want to pay]" field, input the amount of Fiat Currency you wish to pay.
3. Alternatively, you can specify the quantity of USDT you want to receive in the "[I will receive]" field. The actual payment amount in Fiat Currency will be automatically calculated, or vice versa.
4. After completing the above steps, please ensure to check the "[I have read and agree to MEXC Peer-to-Peer (P2P) Service Agreement]" box. You will then be directed to the Order page.

Additional Information:

• Under the "[Limit]" and "[Available]" columns, P2P Merchants have provided details of available cryptocurrencies for purchase and the minimum/maximum transaction limits per P2P order in fiat terms for each advertisement.
• For a smoother crypto purchase experience, it is highly recommended to complete the necessary information for your supported payment methods.

Step 4: Confirm Order Details and Complete Order

1. On the order page, you have 15 minutes to transfer the money to the P2P Merchant’s bank account.
2. Check the Order details and make sure the purchase fulfill your transaction needs;
3. Review the payment information displayed on the Order page and complete your transfer to P2P Merchant’s bank account;
4. Live Chat box is supported, allowing you to easily communicate with P2P Merchants in real time;
5. Once you have transferred funds, please check the box [Transfer Completed, Notify Seller].

Note: MEXC P2P doesn’t support automatic payment, so users need to manually transfer fiat currency from their respective online banking or payment application to the P2P Merchant once the order is confirmed.
6. Click on [Confirm] to proceed with the P2P Buy order;

7. Wait for the P2P Merchant to release the USDT and complete the order.

8. Congrats! You have completed the purchase of crypto via MEXC P2P.

Step 5: Check Your Order

Check the Orders button. You may view all of your previous P2P transactions here.

How to Trade Spot on MEXC?

For new users making their first Bitcoin purchase, it is recommended to start by completing a deposit, and then utilize the spot trading feature to quickly acquire Bitcoin.

You can also opt for the Buy Crypto service directly to purchase Bitcoin using fiat currency. Currently, this service is only available in certain countries and regions. If you intend to buy Bitcoin directly off-platform, please be aware of the higher risks involved due to the lack of guarantees and exercise careful consideration.

Buying Bitcoin on the Website

Step 1: Log in to the MEXC website, and click on [Spot] at the top left corner - [Spot].

Step 2: In the "Main" zone, select your trading pair. Currently, MEXC supports mainstream trading pairs including BTC/USDT, BTC/USDC, BTC/TUSD, and more.

Step 3: Take making a purchase with the BTC/USDT trading pair as an example. You can select one of the three following order types: ① Limit ② Market ③ Stop-limit. These three order types have different characteristics.

① Limit Price Purchase

Enter your ideal buying price and buying quantity, then click on [Buy BTC]. Please note that the minimum order amount is 5 USDT. If the set buying price differs significantly from the market price, the order may not be filled immediately and will appear in the "Open Orders" section below.

② Market Price Purchase

Enter your buying volume or filled amount, then click on [Buy BTC]. The system will fill the order quickly at the market price, assisting you in purchasing Bitcoin. Please note that the minimum order amount is 5 USDT.

③ Stop-limit

Utilizing stop-limit orders enables you to predefine trigger prices, purchase amounts, and quantities. When the market price reaches the trigger price, the system will automatically execute a limit order at the specified price.

Let’s take the example of BTC/USDT, where the current market price of BTC stands at 27,250 USDT. Utilizing technical analysis, you anticipate that a breakthrough to 28,000 USDT will initiate an upward trend. In this scenario, you can employ a stop-limit order with a trigger price set at 28,000 USDT and a buying price set at 28,100 USDT. When the Bitcoin price reaches 28,000 USDT, the system will promptly place a limit order to purchase at 28,100 USDT. The order may be executed at the limit price of 28,100 USDT or at a lower price. It’s important to note that 28,100 USDT represents a limit price, and in cases of rapid market fluctuations, the order may not be filled.

Buying Bitcoin on the App

Step 1: Log in to the MEXC App and tap on [Trade].

Step 2: Select the order type and trading pair. You can select one of the three following order types: ① Limit ② Market ③ Stop-limit. You can also tap on [BTC/USDT] to switch to another trading pair.

Step 3: Take placing a market order with the BTC/USDT trading pair as an example. Tap on [Buy BTC].

MEXC Trading Features and Benefits

MEXC is a cryptocurrency exchange platform that offers a range of trading features and benefits for both beginners and experienced traders. Here are some of the key features and advantages of using MEXC for cryptocurrency trading:

1. Global Presence: MEXC maintains a worldwide presence and serves users from various regions, providing access to a diverse and international trading community.
2. User-Friendly Interface: With its user-friendly and intuitive trading interface, MEXC is well-suited for beginners, offering straightforward charts, order options, and technical analysis tools for easy comprehension.

3. Wide Range of Cryptocurrencies: MEXC provides access to a diverse selection of cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), and BNB, as well as a wide range of altcoins. This extensive asset selection allows traders to diversify their portfolios.

4. Liquidity: MEXC has earned a reputation for its liquidity, which guarantees that traders can execute orders with minimal slippage, a crucial benefit, especially for individuals involved in substantial trades.

5. Various Trading Pairs: MEXC offers a wide range of trading pairs, including crypto-to-crypto and crypto-to-fiat pairs. This variety allows traders to explore different trading strategies and take advantage of market opportunities.

6. Advanced Order Options: Experienced traders can benefit from advanced order types, such as limit orders, stop-limit orders, and trailing stop orders. These tools enable traders to automate their strategies and manage risk effectively.

7. Margin Trading: MEXC provides margin trading opportunities, enabling traders to increase their market exposure. Nevertheless, it’s crucial to acknowledge that margin trading entails elevated risk and should be approached with prudence.

8. Low Fees: MEXC is recognized for its cost-efficient fee arrangement. The platform provides traders with notably low trading fees, with additional discounts available to users who possess the MEXC exchange token (MX).

9. Staking and Incentives: MEXC frequently offers users the chance to stake their cryptocurrency assets or engage in diverse reward initiatives, enabling them to generate passive income or receive bonuses contingent on their trading engagement.

10. Educational Resources: MEXC provides a wealth of educational resources, encompassing articles, tutorials, and webinars, designed to assist traders in enhancing their understanding and refining their trading abilities.

11. Responsive Customer Support: MEXC offers customer support services to assist users with their inquiries and concerns. They typically have a responsive customer support team available through multiple channels.
12. Security: Security is a top priority for MEXC. The platform employs industry-standard security measures, including two-factor authentication (2FA), cold storage for digital assets, and regular security audits to protect users’ funds and data.

 

Conclusion: MEXC is a reputable and user-friendly platform for trading

MEXC offers a user-friendly platform with a wide range of cryptocurrencies, competitive fees, high liquidity, and advanced trading options like margin trading. Additionally, the platform prioritizes security, protecting your assets with industry-standard measures.

As a beginner, it’s important to start small, practice sound risk management, and never invest more than you can afford to lose. Trading is a journey that requires ongoing education and experience. Remember that markets can be highly volatile, so always conduct thorough research and seek advice if needed.

With dedication and a commitment to learning, you can navigate the exciting world of cryptocurrency trading on MEXC and potentially find success in this ever-evolving market.