MEXC Exchange (formerly known as MXC) is a leading cryptocurrency trading platform that offers a wide range of digital assets and competitive trading fees. Whether you're new to MEXC or looking to refine your trading skills, this guide provides a step-by-step overview of how to buy and sell cryptocurrencies on the exchange.
Getting Started with MEXC
Create and Verify Your Account
Before you begin trading, you need to set up an account:
- Visit the MEXC official website.
- Click “Sign Up” and enter your email address or mobile number.
- Complete the registration process by verifying your details.
Tip: Enable two-factor authentication (2FA) and complete the KYC (Know Your Customer) verification to enhance account security.
Depositing Funds into Your MEXC Account
To start trading, you need to deposit funds. MEXC supports both crypto and fiat deposits.
Deposit Cryptocurrency
- Navigate to “Wallet” and select “Deposit.”
- Choose the cryptocurrency you wish to deposit (e.g., USDT, BTC, ETH).
- Copy the deposit address and initiate the transfer from your external wallet.
Buy USDT via P2P
If you prefer using fiat currency, you can buy USDT through MEXC’s peer-to-peer (P2P) platform:
- Go to the “P2P Trading” section.
- Select USDT and choose a seller based on exchange rate and completion score.
- Follow the instructions to complete the payment and receive USDT in your account.
Recommendation: Opt for sellers with high completion rates and positive reviews to ensure a smooth transaction.
How to Buy Cryptocurrency on MEXC
Access the Spot Trading Interface
- Click on “Trade” and select “Spot Trading.”
- You will be directed to the trading dashboard.
Select a Trading Pair
- Use the search bar to find your desired trading pair (e.g., BTC/USDT).
- Click on the pair to view its price chart and order entry panel.
Place a Buy Order
MEXC offers three order types for buying crypto:
Market Order: Buy instantly at the current market price.
- Select “Market,” enter the amount, and click “Buy.”
Limit Order: Set your preferred purchase price.
- Choose “Limit,” enter price and quantity, and confirm.
Stop-Limit Order: Automate buying when the asset reaches a specific price.
- Set stop price, limit price, and quantity before submitting.
Pro Tip: Market orders are best for fast execution, while limit orders help you control entry prices.
How to Sell Cryptocurrency on MEXC
Selling on MEXC follows a similar process to buying:
Navigate to Spot Trading
- Go to “Trade” > “Spot” and select the relevant trading pair for the crypto you wish to sell.
Place a Sell Order
You can choose from the same three order types:
- Market Order: Sell immediately at the market rate.
- Limit Order: Set a target selling price.
- Stop-Limit Order: Automate the sale when specific price conditions are met.
Tip: Use limit orders to lock in profits and stop-limit orders to minimize losses during volatile markets.
Key Considerations for Trading on MEXC
- Risk Management: Only invest what you can afford to lose. Consider using stop-loss orders to protect your investments.
- Security: Always enable 2FA and avoid sharing login credentials.
- Market Awareness: Stay updated with market news and price trends to make informed trading decisions.
By mastering these steps, you can trade confidently and efficiently on MEXC. Whether you are buying your first Bitcoin or executing advanced sell orders, understanding these basics will help you navigate the platform with ease.
Frequently Asked Questions
How do I withdraw crypto from MEXC?
To withdraw, go to your Wallet, select “Withdraw,” choose the cryptocurrency, enter the destination address and amount, and confirm the transaction. Note that withdrawal fees and processing times vary by asset.
Is MEXC available worldwide?
MEXC serves users in many countries, but regulatory restrictions may apply in some regions. Always check local laws regarding cryptocurrency trading.
What are the trading fees on MEXC?
MEXC uses a maker-taker fee model. Fees can be reduced by holding the platform’s native token or increasing monthly trading volume.
Can I use MEXC on mobile?
Yes, MEXC offers a mobile app for both iOS and Android, allowing users to trade, deposit, and withdraw funds on the go.
How do I contact MEXC support?
You can reach customer support through the help center on their website or via live chat for immediate assistance.
What is the minimum deposit on MEXC?
Minimum deposits vary by cryptocurrency. Check the deposit section in your wallet for specific requirements.
For more advanced trading features and real-time market data, feel free to 👉 explore additional resources here.