The MEXC cryptocurrency exchange has a friendly interface and strong security features. That’s why MEXC has quickly become one of the leading exchanges in the world. However, depositing and withdrawing money on MEXC can be difficult for newbies. This article Crypto Trading will provide detailed and comprehensive instructions on the deposit and withdrawal process on MEXC Exchange, helping you easily perform transactions safely and effectively.
What do you need to prepare before making a deposit and withdrawal transaction on MEXC Exchange?
Before making a deposit or withdrawal transaction, you need to prepare a few things as follows:
- Create an account on MEXC Exchange: To start trading on MEXC Exchange, you need to create an account. The MEXC account registration process is very simple: you just need to visit the MEXC website, click the “Register” button, and fill in all required information of the exchange.
- Account verification (KYC): To deposit and withdraw money, you need to authenticate your account to ensure the safety and legality of the transaction. You need to provide personal information and identification documents such as a citizen identification card taken on both sides. After authentication, you need to wait for confirmation from the exchange. If there are no problems, the account will be verified after a few hours.
- Account security: To increase the security of your MEXC Exchange account, the Exchange recommends activating two-factor authentication (2FA) to ensure that only you have access to your account.
After completing the above preparations, you can start making deposit and withdrawal transactions on MEXC.
See more: MEXC: Open a MEXC account, invest effectively
Instructions for depositing and withdrawing money on MEXC for newbies
How do deposit and withdrawal work on MEXC Global? Below Crypto Trading will provide detailed instructions on each deposit and withdrawal step with illustrations. If you don’t know how to do it, you can follow the instructions below.
How to deposit MEXC Exchange
Below are the steps to deposit money on the MEXC Exchange. Follow these steps to ensure you will deposit money successfully.
Step 1: Log in to MEXC, and select ” Wallet > Deposit “.
Step 2: Here you need to select ” Crypto type “, and ” Deposit network “. At the bottom, click ” Generate address ” to get the deposit address of the token in the corresponding network. Then a QR code of the exchange will appear.
Step 3: Finally, just copy or take a picture of the QR code and make a deposit on your platform.
How do you withdraw money from MEXC Global?
When you make a successful trade on the MEXC Exchange and get a profit. Now that you want to withdraw money for use, you can follow these withdrawal instructions:
Step 1: Log in to MEXC, click on ” Wallet > Withdraw tokens “.
Step 2: The interface displays the section to fill in withdrawal information. Here you need to fill in the field “ choose Crypto type ”. Select ” Withdrawal address “, if you do not have this address, you need to install it immediately. Then select the type “ withdrawal network ”, fill in the amount you want to withdraw within the allowable limit, and then click “ Send ”.
Once completed, you need to wait for the exchange to confirm. If the withdrawal process is successful, you will receive money in your account.
Transaction fees and transaction processing times at the MEXC Exchange
MEXC Exchange offers different trading fees depending on the currency and trading method. Usually, the deposit fee is free, but there will be a small fee when making withdrawals. Fiat currency deposit/withdrawal fees may vary depending on the transaction method and country.
The processing time for deposit and withdrawal transactions on MEXC depends on the currency and blockchain network, usually from a few minutes to a few hours. Sometimes transaction processing time depends on the method you choose and the bank. The specific fees are listed by MEXC on the exchange, you can visit to see the details.
Common problems and solutions when depositing and withdrawing MEXC money
During deposit and withdrawal transactions on the MEXC Exchange, problems cannot be avoided. Below are some common problems and quick solutions.
MEXC transactions are stuck or delayed
Although deposit and withdrawal transactions on MEXC often go smoothly, they can sometimes encounter problems of being stuck or delayed. This can cause anxiety for beginners because they are inexperienced.
So what are the causes of being stuck or delayed on What is MEXC? Usually due to blockchain network overload or technical problems. To resolve this, you need to wait patiently and check the transaction status to see if it is in the confirmation process or if there is a problem.
Wrong wallet address when depositing/withdrawing money from MEXC Exchange
MEXC cryptocurrency transactions require absolute accuracy, especially when entering wallet addresses. A small mistake can also lead to the loss of your property. If you haven’t completed the transaction, you can go back and redo that transaction step. If you have completed the transaction, check the transaction immediately to detect errors.
Then you need to contact MEXC Exchange‘s customer service team. Provide transaction details, including transaction ID, wrong wallet address, and any other relevant information requested by exchange staff. Although the possibility of recovering funds from that transaction is very low. However the support team can provide specific instructions or confirm the transaction status for you.
To avoid making this mistake, when making a transaction, you need to carefully check your wallet address. Also, enable 2-factor security confirmation and store wallet addresses securely.
How to contact MEXC customer support
In addition to the above two common problems, if there are any other problems. Please immediately contact the MEXC support team. The fastest way to meet MEXC support staff is to chat online on the website. Just click the question, and a exchange staff will assist you in a moment.
See more: Instructions for opening an MEXC global account
Some tips and notes when depositing and withdrawing money from MEXC Exchange you need to remember
Depositing and withdrawing money on the MEXC Exchange is an essential process for every trader. To ensure transactions go smoothly and safely, you need to master some important tips and notes:
Carefully check MEXC Exchange deposit and withdrawal transaction information before performing
Checking MEXC deposit and withdrawal transaction information includes:
- Wallet address: Make sure you have entered the correct deposit or withdrawal wallet address. Entering the wrong address may result in permanent loss of account funds.
- Amount of money: Carefully check the amount of money you intend to trade to avoid unnecessary errors. Sometimes clicking the wrong digit can lead to unintended consequences.
- Transaction fees: Review and confirm the fee for the transaction before proceeding. Make sure you agree to the fee.
Use security to protect your account
To ensure the safety of your MEXC Exchange account. Please practice security in the following ways:
- Two-factor authentication (2FA): Enable 2FA authentication to secure your account. This helps prevent accounts from being hacked.
- Strong password: Use a strong password that cannot be guessed by others. Avoid using passwords related to birthdays, anniversaries, etc.
- Check logged-in devices: Regularly check the list of logged-in devices and remove unfamiliar devices.
Store and back up your MEXC wallet address safely
A wallet address is extremely important information. So you need to secure it carefully, the way to ensure safety is as follows:
- Backup wallet address: Store the wallet address in a safe place. Can be saved as in an encrypted file or hardware wallet. This makes it easy to access when needed and minimizes the risk of entering the wrong address.
- Do not share login information: Absolutely do not share login account information, 2FA codes, or other security information with anyone.
Epilogue:
Above Crypto Trading has shared with you how to deposit and withdraw money on MEXC. Remember that making deposits and withdrawals on the MEXC Exchange requires caution and compliance with security measures. Please check the information carefully, use security measures, and monitor transactions to ensure that transactions go smoothly and safely. If you still have questions, follow Crypto Trading to get answers through the latest articles.
Frequently asked questions?
If I send the wallet to the wrong address, can I get my money back?
The likelihood of recovering the money is very low. However, please immediately check the transaction status and contact the MEXC customer service team for further support.
How much is the deposit and withdrawal transaction fee on MEXC?
MEXC deposits are usually free, but withdrawal fees will depend on the cryptocurrency and network you withdraw from. You can view fee details on the MEXC homepage or in the “Transaction Fees” section of the platform.
Is the processing time for deposit and withdrawal transactions on the MEXC Exchange long?
Deposit/withdrawal transaction completion time depends on the cryptocurrency and blockchain network status. In particular, depositing money usually takes a few minutes, and withdrawing money takes from 30 minutes to several hours.
