MEXC is one of the leading cryptocurrency trading platforms today. Crypto Trading ‘s article will review MEXC in detail, providing necessary information on registration, verification, and how to trade effectively on the exchange. This information will help you determine whether MEXC is suitable for your needs. Follow along!
Instructions for opening a MEXC account on a computer
To register an account on the MEXC exchange, you need to follow these steps:
Step 1: Visit the MEXC official website
Visit MEXC homepage: https://www.mexc.com.
The website will now display the interface for traders to register. Here, you can choose to register with a phone number or email address depending on your preference. After entering the information, select “Next”.
The system will ask you to complete the security verification step, and then select “Next”.
Step 2: Provide the trader’s personal information
After successfully confirming the registration link, you will be asked to provide personal information:
- Email address or phone number: Fill in the contact information you want to use for your MEXC account.
- Password: Make sure your password is at least 10 characters long. Include at least one lowercase letter, one uppercase letter, or symbol.
- If you are a UK person, in the “Invitation Code” field, fill in the code “1RKK3“ to receive support from UK staff in English every time you contact them.
Check the box that says “I have read and agree to the MEXC terms .”
Finally, click “Sign Up.”
Step 3: Confirm email
Check your email to receive the code from MEXC and complete the registration process.
Once you have completed the above steps, you are ready to use your MEXC account for trading.
What do you need to prepare to open an account on MEXC?
- Email: You need a valid email address to register and verify your account.
- Phone Number: Some exchanges require phone number verification for added security.
- Identification Documents: MEXC requires users to verify their identity (KYC) for added security and regulatory compliance. Such as a Passport, National Identity Card (ID), or Driver’s License.
- Security tools: Google Authenticator or Authy: Install this app on your phone to set up two-factor authentication (2FA). This helps protect your account better.
- Secure email address: Use a highly secure email like Gmail. Turn on two-factor authentication (2FA) for your email to protect your personal information.
- Basic knowledge of the exchange: Understanding of cryptocurrency trading: Understand the basic concepts of cryptocurrency, how to trade, types of orders (market order, limit order), and how to manage risk.
What are the things to keep in mind when opening a MEXC Global account?
When opening an account on MEXC Global, you should note a few important things to ensure the registration and use of the account is safe and effective. Below are the points that traders need to note when opening a trading account:
- Provide accurate information: When completing the KYC (Know Your Customer) process, make sure to provide accurate personal information and authentication documents.
- Use strong passwords: Set a complex password that combines letters, numbers, and special characters.
- Enable two-factor authentication (2FA): Use Google Authenticator or Authy to enable 2FA, which helps increase account security.
- Don’t share login information: Avoid sharing your account information and password with others.
- Read the terms and conditions carefully: Understand the exchange’s regulations on trading, withdrawals, deposits, and related fees.
- Explore Interface and Features: Get familiar with MEXC ‘s interface and key features. Such as placing orders, managing accounts, and monitoring markets.
See more: Instructions for opening an MEXC global account
How to verify your MEXC account to receive a welcome bonus
Here are detailed instructions on how to verify primary and advanced accounts on the MEXC exchange:
Step 1: Verify MEXC account (Primary KYC)
After successfully verifying your email, the screen will appear as follows. Then, click on “Verify Now” to proceed with identity verification.
There will be 2 types of verification here. Primary and Advanced Verification. We will verify each level one by one.
Click on “Verify” as shown to perform primary verification.
Here you need to fill in your personal name, select your country as the UK, and choose one of three verification methods: Driving License, Passport, or ID. Here we will choose “ID”.
Then you take or upload a photo of your ID card/ID and click “Submit for review” to complete primary KYC.
Step 2: Verify Identity on MEXC (Advanced KYC)
After completing basic KYC, click verify in the advanced KYC section as shown below.
Here the system will recommend that readers use their own documents. At this point, click “Understood” and then click Continue to start advanced KYC.
Then, in the “I am a resident of:” section, the trader selects other countries and clicks “Agree and continue”
The screen will display the ID verification interface. Traders need to put the document in the center of the frame and then click to take a photo of the front and back of the ID.
Very simple, right? Just follow the specific instructions above to complete the process of verifying your account!
Why investors should open a MEXC account
Reasons why investors should open an account on the MEXC exchange include the following:
MEXC supports a wide range of cryptocurrencies
MEXC is a trusted choice for more than 7 million investors, thanks to its excellent trading experience with more than 1500 cryptocurrencies. What’s special is that these coins are listed on the market and are easy to use. Therefore, on MEXC, you can easily get an overview of the cryptocurrency market.
You can also find all the necessary information about the coins and links to how to buy and access the market right on the website.
MEXC Exchange supports prominent trading products
- Spot: MEXC currently supports the trading of over 1600 cryptocurrencies and 1900 different trading pairs. Daily trading volume is over 385 million USD.
- Futures: MEXC offers over 300 futures trading pairs. Trading volume over $3.2 billion.
- Launchpad: This is a platform used to launch tokens for a number of projects that are about to be listed on MEXC. Users holding MX tokens ( MEXC exchange tokens) will have the right to purchase tokens from new projects. Up to now, Launchpad has issued tokens for 11 projects.
- Kickstarter: This feature allows users to vote for tokens during the pre-launch phase to receive airdrops.
- Savings: With the Savings feature, users can use cryptocurrencies to deposit savings with different APRs. MEXC currently supports 17 cryptocurrencies, including BTC, XRP, ETH, USDT, and many more.
- Learn A platform that provides knowledge about cryptocurrencies.
- P2P Trading: Peer-to-peer cryptocurrency trading platform, allowing users to buy/sell cryptocurrencies with MEXC-licensed merchants.
Flexible, accurate technical analysis charts
MEXC offers a wide range of flexible technical analysis charting tools. Such as Japanese candlestick charts, line charts, bar charts, and many more. These charts are constantly updated and provide accurate information on price, volume, and technical indicators such as RSI, MACD, and Bollinger Bands.
Thanks to these tools, investors can analyze trends and predict future price movements. This helps traders make smart and effective investment decisions.
Professional MEXC Help Center
MEXC cryptocurrency exchange is known for its excellent customer service. With multilingual support in up to 10 languages, including English. MEXC facilitates investors around the world.
The diversity in support forms helps investors receive quick answers to all questions through appropriate consulting channels. On the official interface of MEXC, there is a set of frequently asked questions that customers can refer to. Thereby, they can choose the question that best suits their situation.
In addition, to ensure convenience and flexibility, MEXC offers various consulting channels. Including live chat, as well as social networks such as Facebook, Twitter, and Telegram.
Whether you are a new investor or a long-time customer of MEXC, you will receive dedicated support and advice, without bias. This ensures that everyone feels secure and properly taken care of on this cryptocurrency trading platform.
How to start trading on MEXC?
MEXC is a superior cryptocurrency trading platform. It offers a wide range of advanced and diverse features. This helps to bring convenience and flexibility to every investor.
Crypto Trading knowledge guide for newbies from AZ
Here is a basic A-Z guide to crypto trading for beginners:
Cryptocurrency Basics:
- Understanding Blockchain: Learn how blockchain works. This is the technology behind cryptocurrencies.
- Cryptocurrencies: Explore and understand popular cryptocurrencies. Examples include Bitcoin (BTC), Ethereum (ETH), and other altcoins.
Trading platform:
- Choose an exchange: Research and choose an exchange that suits your needs. Some popular exchanges are Binance, Coinbase, and MEXC.
- Register and verify account: Create an account on the exchange and complete the account verification process.
Market analysis:
- Fundamental Analysis: Learn about the fundamental factors that affect the price of cryptocurrencies. This includes news, events, and projects.
- Technical Analysis: Learn how to use technical indicators like Moving Averages, RSI, and MACD to predict price trends.
Trading strategies:
- Risk Management: Set goals and determine risk levels for each trade. Use stop-loss orders to protect your investment capital.
- Create a detailed trading plan: Define your trading strategies. This includes choosing trading pairs, buying/selling timing, and position size.
- Demo Practice: Use a demo account on the exchange to practice trading without financial risk
What are the quick deposit/withdrawal methods on MEXC Global?
Here are details on how to deposit and withdraw money on the MEXC exchange that traders can refer to:
A simple way for traders to deposit money into MEXC
To deposit funds into your MEXC account through the official website, you need to follow these steps:
- Access and Login: Go to the official MEXC website and log in to your account. Next, select “Assets,” then “Spot,” and finally “Deposit.”
- Select and copy Wallet address: Select the token you want to deposit and copy the corresponding wallet address. You are free to choose the token you want to deposit. Then select the network and copy (paste) that deposit address.
You paste the wallet address by selecting “Copy” or “Scan QR code.” Wait for confirmation: Wait for the blockchain network to confirm the transaction. After you have selected the token and submitted the deposit request. You need to wait a while for the transaction to be confirmed on the blockchain. Note: When selecting the network, make sure that the network you choose matches the network of the platform you want to withdraw from. Failure to pay attention may result in the loss of your funds.
Fast MEXC withdrawal process
To withdraw funds from your MEXC account, you can follow the steps below:
- Access and Login: Go to the official MEXC website and log in to your account. Next, click on “Assets” in the top right corner, then select “Overview”. Then, select “Withdraw Tokens.”
- Make a withdrawal: Select the currency you want to withdraw and fill in the information such as withdrawal address, network, and withdrawal amount. Then, check the information and click “Submit.”
- Pending: Wait for the withdrawal process from the MEXC exchange to complete.
Note: During the withdrawal process, make sure you have entered the correct information. Choose the correct network to avoid losing money or encountering problems during the transaction.
What are some issues to be aware of before trading on MEXC?
Before you start trading on MEXC or any other exchange, it is important to understand the following:
Learn more about MEXC transaction fees
- Deposit Fees: Depositing Crypto into a MEXC account is free. For FIAT deposits, although not directly supported. Users can purchase Crypto with fiat currency. The fee will depend on the third parties and it usually ranges from 3-5%. For exact fees, select the FIAT payment method. The fee will be displayed before making a purchase.
- Trading Fees: MEXC does not charge any trading fees for spot trading with the maker. However, the taker will incur a 0.2% fee (starting from February 2023). For futures trading, the maker is free. While the taker will incur a small fee of 0.06%. Depending on the trading volume in 30 days, you may be eligible for a fee reduction.
- FIAT Withdrawal Fee: FIAT withdrawal is not supported on MEXC. You can use third-party services or make transactions on P2P marketplaces. In order to sell crypto and receive FIAT without transaction fees.
- Cryptocurrency Withdrawal Fees: MEXC charges different fees for each cryptocurrency. Some coins are free to withdraw. While others have specific fees. You can find information about the withdrawal fees for each coin on the MEXC fees page. For example, withdrawing USDT (Tether) will cost you $20.
Policy and benefits of MEXC traders
Below is a more specific and detailed look at the policies and benefits of traders on the MEXC exchange:
- Account Security: MEXC is committed to protecting traders’ accounts and personal information through industry-leading security measures, including two-factor authentication and OTP codes. This ensures that trading accounts are tightly protected against fraudulent activities and unauthorized access.
- 24/7 Customer Support: MEXC provides 24/7 customer support. Through communication channels such as email, online chat and social networks. This support team of the exchange will be very professional and enthusiastic, ready to answer all questions. At the same time, ready to provide technical support when needed.
- Market analysis tools: MEXC provides a variety of accurate market analysis tools. Including technical charts and market news. This is to help traders make investment decisions based on the most accurate data.
- Right to participate in Token launch projects: Traders who own exchange tokens (such as MX Token) have the right to participate in token launch projects on the MEXC Launchpad platform. This helps them access potential projects and have early investment opportunities.
Improve your knowledge from basic to advanced with Crypto Trading courses
Crypto trading is not only a place to provide information about cryptocurrency but also a valuable resource for learning and mastering trading knowledge. Here are some reasons why Crypto Trading provides useful trading knowledge:
- Market Analysis: Crypto Trading provides articles and guides on market analysis. To help you understand price trends, chart patterns, and technical indicators.
- Trading Strategies: You will find a variety of articles and tutorials on different trading strategies on Crypto Trading. Whether it is short-term trading to long-term investment trading. You will learn how to build and execute effective strategies.
- Risk Management: Managing risk levels is a pretty important part of trading. On Crypto Trading, you will find articles on how to identify and manage risk in your trades.
- Market Information: Crypto Trading provides daily news and newsletters on the cryptocurrency market. To keep you updated with the latest events and developments.
- Community and Forums: You can participate in forums and communities on Crypto Trading. The purpose is to exchange knowledge, experience, and trading strategies with other traders.
Conclude
MEXC – a cryptocurrency exchange launched in 2018, is ranked 14th on Coingecko’s ranking of centralized exchanges. Through this article, Crypto Trading wants to share basic knowledge about MEXC to help you better understand this platform. If you want to know more information about MEXC, follow the Crypto Trading Blog!
Frequently Asked Questions
Is MEXC Global highly rated for its reputation?
MEXC Global is highly regarded for its reputation and business licenses in several major countries. The platform focuses on security and safety for users. This ensures that trading on this platform is safe and reliable.
Where is MEXC Global headquartered?
MEXC Global is headquartered in Singapore and is licensed to operate in various countries, including Switzerland, Australia, the United States, and Canada.
How to open an account on MEXC?
To open an account on MEXC, you can register online through their official website or app. If you have any difficulties, you can also contact the customer support team for free assistance.