How To Use Crypto Exchange MEXC To Buy Crypto And Bitcoin In 2022

Here is the most up-to-date guide for 2022 to help you set up and trade with one of the largest crypto exchanges in the world, MEXC.

Covered:

• Introduction to MEXC
• How to sign up
• Deposit with bank or direct debit
• how to trade
• Advanced MEXC features

Introduction to MEXC

Welcome to our guide to the MEXC exchange!

Sometimes referred to as the Binance Killer, MEXC is better viewed as another great cryptocurrency exchange to sign up for, depending on where you are in the world.

In particular, MEXC has received some important licenses in areas notorious for not allowing cryptocurrency exchanges to operate. These areas include the United States and Canada. Important to note: MEXC does not require KYC for residents of the United States.

In addition, the exchange offers an excellent range of cryptocurrencies, as well as a variety of trading options such as buying and selling and derivative products. In addition, MEXC offers one of the lowest trading fees of any exchange out there.

With all of that in mind, let’s dive into everything you need to know about the MEXC crypto exchange, including how to sign up and its must-have features.

How to sign up

If you’re already signed up and just want to learn how to use MEXC, you can skip to the next section. For everyone else, let’s get started with the MEXC signup process.

To register, first navigate to the MEXC homepage.

Once there, scroll up to the right corner of the page. You’ll see “Sign in” in green. click it

There you will be asked to create an account. Here you fill in the required information and click on Sign up. Depending on your region, you may not need to provide a KYC to trade on MEXC. As mentioned, KYC is unnecessary for American residents.

Deposit with bank and direct debit

As with most exchanges, you can deposit crypto or buy directly on MEXC with fiat. First, let’s go through depositing crypto on the platform.

Escrowing crypto on MEXC is basically the same as on any crypto exchange. You can buy by bank transfer or direct debit/credit.

Deposit by bank transfer

Let’s start with the bank transfer option.

Go to the top of the page and click Buy Crypto. You will see a drop bar. Click Global Bank Transfer.

There you select your preferred/local currency and fill in your payment account.

Click ACH, then click Next. (Note: ACH just stands for Automated Clearing House.)

Next, enter the amount and then “Add Account”.

Now connect with Plaid, MEXC’s third-party payment processor.

Finally, select the bank of your choice.

Deposit by direct debit or credit

Now, to deposit by debit or credit, go back to the previous drop-down bar where the global bank transfer was located.

This time, click Debit/Credit Card.

From here you will be prompted again to select your currency and payment account.

Enter your bank card details here. Click Next after filling out the information.

From there you will be asked to enter the amount you wish to deposit. The appearance of the screen may vary slightly depending on the bank. Regardless, you will be prompted to enter the desired amount as well as a one-time password that will be sent to your phone to allow the transfer to go through.

When you’re done with that, just click Next and you’ll get a message that your transfer was successful.

Now that you know how to deposit at MEXC, you can buy and sell crypto.

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how to trade

Now let’s get to the main part of any exchange and that is trading. Fortunately, trading on MEXC is easy. It’s very similar to exchanges like KuCoin, which ask you to deposit it into a trading account first.

First, navigate to the home page. Click on “Wallets” at the top of the page

Now you will be forwarded to the following page. Click on the spot that says “Deposit”.

This is where you select your preferred crypto

Once you have deposited your crypto it is in your trading account.

Now go to “Trade”. It’s in the top-left corner of the page. Click Trade. Select Spot from the drop-down bar.

Next, you can start spot trading using market or limit orders! As you can see in the screenshot below. You can choose between Limit or Market with one click.

For those unfamiliar with the terms, here is a brief introduction. A market order is the quickest option. When selected, it automatically selects the price of the crypto they are buying for you. As you know, crypto prices fluctuate quickly, so make sure you buy your crypto as soon as possible.

If you are more concerned with getting the best price, choose the limit order. In the field labeled Price, enter the desired price at which you want to buy your crypto. When the market reaches this price, your order will be ‘filled’. Limit orders are especially useful when you make very large purchases. The perfect order price can make a big difference. Note: There is no guarantee that your order will be fulfilled.

Advanced MEXC features

MEXC has some special features. This is about what they are.

futures trading

MEXC has an abundance of futures options. As you can see from the list, you can trade futures contracts with both stablecoins and crypto as collateral. Not to mention that you can use the demo trading feature. Demo trading is great if you want to simulate the crypto futures experience without losing your shirt. If you want to learn the ins and outs, this is a great option.

Earning/Staking

MEXC also offers an incredible range of earning opportunities for those looking for passive, passive income options. Options include Launchpad, which gives you new tokens, Trade Mining, where you earn from trades, as well as staking your garden variety.

ETFs

Arguably the most unique feature that MEXC has to offer is the ETF trading options. If you want to diversify without leaving the world of crypto, this is the perfect option for you. With MEXC, you can leverage crypto ETFs without going into margin like you would have to if you were going long or short futures contracts. It is a stable and safe way to stay in the market regardless of the conditions.

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That’s it for now. Thank you for reading our guide to the MEXC exchange. If you have any questions, let us know in the comments.

Also, for a limited time, MEXC is offering a $4100 deposit bonus and a $1000 giveaway. Sign up here.

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