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If you’re looking to trade Bitcoin or even some lesser-known altcoins, MEXC stands out as an excellent choice offering access to over 3,000 trading pairs and some of the most competitive fees in the market.
This guide will walk you through creating an account, depositing funds, and starting your crypto journey with MEXC.
What is MEXC and why use it?
MEXC launched in 2018 and now serves over 30 million users across 170+ countries. It focuses on making crypto accessible to beginners while also offering advanced tools for experienced traders.
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Currently, MEXC is available in most South Asian countries. One of its core advantages is its track record of listing some of the hottest cryptos, often well before other major exchanges.
Spotlight WireFor example, the First Neiro on ETH (NEIROCTO) token was listed on MEXC in August 2024, nearly a month before other major global exchanges.The platform’s fee structure is among the lowest in the industry. MEXC charges a 0.05% spot trading fee (both maker and taker) and a 0.01% maker and 0.04% taker fee for futures trading in South Asian countries.
Here is a pro tip
Holding MEXC’s native MX can lower your trading fees and give you exclusive access to airdrops.Perhaps the most crucial edge would be MEXC’s high trading volumes and liquidity, which ensure faster order execution and minimal slippage.
Spotlight WireThe platform also hosts frequent airdrop events that give away free tokens to users who meet specific criteria (like holding MEXC’s native MX token).
It’s worth noting that providing a user-friendly experience is central to MEXC’s approach. This is why the MEXC Learn section also offers comprehensive guides that explain the basics of crypto. There’s also live chat and email support with prompt response times.
Please note that MEXC is currently not available on the App Store or Google Play in India.
Getting started on MEXC: A simple 4-step guide
Step 1: Signing up
Go to mexc.co or download the MEXC mobile app. Click ‘Sign Up’ and provide an email address or phone number on the registration page.
Spotlight WireThen, create a strong password. Now, check your inbox or SMS for a verification code and enter the code to confirm your account.Please note that there’s currently a sign-up bonus of 20 USDT on MEXC, which can be unlocked after verifying your KYC details.
Step 2: Complete KYC verification
KYC verification increases your withdrawal limits and helps keep your account secure. It is also mandatory if you plan to deposit or withdraw high amounts.
Thankfully, the process is quite simple as you simply need to:
Click your profile icon (top-right corner) and select the ‘Identification’ tab.The platform lets you choose between ‘Primary KYC’ and ‘Advanced KYC.’Select either and provide an ID (passport or driver’s licence) and possibly, proof of address.Submit your documents and wait for approval, often under 24 hours.
Step 3: Depositing funds
If you don’t own any crypto, you can simply deposit your native currency via P2P trading.This means you buy USDT (or another stablecoin) from another user using popular payment methods like bank transfer or UPI. Alternatively, you can use a debit or credit card directly on MEXC to buy crypto if available.
If you already own cryptos like BTC, ETH, or USDT and wish to transfer them to MEXC, copy your MEXC deposit address from the ‘Wallet’ section. Paste it into your external wallet and initiate the transfer. Wait for network confirmations, and then you will be all set.
Step 4: Start trading
After ensuring that you have enough funds, click ‘Markets’ and pick your desired trading pair (e.g. BTC/USDT). You can simply enter the amount you want to trade and confirm the order.
Check ‘Order History’ or ‘Open Orders’ for transaction details.Here is another pro tip
Start small to get comfortable. Keep an eye on fees (though MEXC’s are low), and scale up gradually as you gain confidence.
The platform also offers futures trading with up to 300x leverage on BTC and ETH USDT-margined futures trading pairs. You can transfer USDT from your spot wallet to your futures wallet. Here, it is worth mentioning that you should always use stop-loss orders to minimise the risk.
Conclusion
MEXC is an ideal choice for investors looking for a low-fee-crypto exchange that lists many trending tokens before other exchanges. It has created a secure environment and streamlined the trading process, making it simple for newcomers to begin trading in crypto.
Interested users can follow MEXC on X and join its Telegram channel to keep up with the latest announcements. Visit the website to know more about MEXC.
FAQs
What are MEXC’s trading fees?
MEXC has competitive trading fees of 0.05% for spot trades and a 0.01% maker and 0.04% taker fee for futures trading in South Asian countries. You can lower these fees even further by holding MX tokens.
Is MEXC a safe exchange?
Yes, it implements security features such as two-factor authentication, cold storage, and a bug bounty programme. It also regularly publishes details about its reserve assets and ratios.
What cryptocurrencies can I trade on MEXC?
MEXC has a wide range of assets with 3,000+ trading pairs. These include Bitcoin, Ethereum, and many lesser-known altcoins.
What are the deposit and withdrawal methods on MEXC?
You can Deposit in MEXC via a bank transfer, credit/debit card, or a third-party payment provider. Withdrawals can be made via a bank transfer or crypto transfer to an external wallet.
About MEXC
Founded in 2018, MEXC is dedicated to being ‘Your Easiest Way to Crypto’. Known for its extensive selection of trending tokens, airdrop opportunities, and low fees, MEXC serves over 30 million users across 170+ countries. With a focus on accessibility and efficiency, this advanced trading platform appeals to both new traders and seasoned investors alike. MEXC provides a seamless, secure, and rewarding gateway to the world of digital assets.
*You must be at least 18 years old to access this site.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.
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This story originally appeared on: India Times - Author:Faqs of Insurances
