How to Start MEXC Trading in 2023: A Step-By-Step Guide for Beginners

May 25, 2023 85 0

How to Register in MEXC

How to Register a MEXC Account【PC】

Step 1: Registration through MEXC official website

Enter MEXC official website https://www.mexc.com/ and click [Sign up] on the upper right corner to enter the registration page.

You may also enter the registration page by clicking the invitation link given by your friend. (The invitation code will be filled by the system automatically.)

You can register an account using either your mobile phone number or your E-mail address.

Step 2: Input your mobile phone number or E-mail address and ensure the validity of your phone number or E-mail address.

Email

Phone number

Step 3: Input your login password. Password can only be constituted by numbers and letters, special characters are invalid.

Step 4: Input your login password in the box again.

Step 5: Click [Get code] on the right side to acquire the code by a short message or E-mail, and then input the verification code received. (Check the trash box if no E-mail is received)

Step 6: If you are invited to trade on the MEXC platform, you can request an invitation code from the one who invited you and fill it in. If no invitation code is available, it’s ok to leave it blank.

Step 7: Read the User Agreement and click the box to agree.

Step 8: Click [Sign Up].

Step 9: You can login after “Registration succeeded” is displayed.

How to Register a MEXC Account【APP】

Step 1: Open MEXC mobile app and click on the top-left icon.

Then click on "Login" to go to the log-in page.

Step 2: When you are at the log-in page, you will see "Sign up" on the bottom right corner of the screen. Click on it to start registration.

Step 3: Choose your preferred registration method - phone number or email.

(1) Register with phone number
Click on "Phone Register" to switch to the phone registration page. Input the mobile number in the corresponding box.

Click on "Get code". A text message with a verification code will be sent to the provided phone number immediately.

Once you get the code, enter it in "SMS Code" box.

Enter the password for your MEXC account twice.

If you are invited to trade on the MEXC platform, you can request an invitation code from the one who invited you and fill it in. If no invitation code is available, it’s ok to leave it blank.

Click [Sign Up].

(2) Register with email
Click on "Email Register" to go to the email registration page (if you are not at this page already). Input the email address in the corresponding box.

Click on "Get code". An email with a verification code will be sent to the provided email address immediately (Check the trash box if no E-mail is received).

Once you get the code, enter it.

Enter the password for your MEXC account twice.

If you are invited to trade on the MEXC platform, you can request an invitation code from the one who invited you and fill it in. If no invitation code is available, it’s ok to leave it blank.

Click [Sign Up].

How to Install MEXC APP on Mobile Devices (iOS/Android)

For iOS devices

Download iOS APP through TestFlight

Sometimes, MEXC APP (iOS) may go wrong and become unavailable. How to solve such a problem? MEXC recommend users to download the MEXC APP through TestFlight.

Hint: Please uninstall your MEXC APP before download.

Step 1: Copy the link below and open it via “Safari”.

https://m.mexc.la/mobileApp/testflight
https://apple.itunesdeveloper.com/index.php/Download/testflight.html?code=ni5sc

Step 2: Click “View in APP Store” and download “TestFlight”.

Step 3: Click “Open” and “Continue”.

Step 4: The page will skip to TestFlight automatically, and then click “INSTALL”.

Step 5: Click “Next” “Start Testing” “Agree” button.

Congratulations, you have installed MEXC App successfully !

Hint:

1. Updating: If there is any new version, you can update it directly through TestFlight.

2. In case of failure of the new version, you are able to switch to the old version.

For Android devices

*Note: Please scan the QR code and open the website via browser/Safari to download/upgrade MEXC APP or follow the steps below.

Step 1: Open "Google Play Store", input "MEXC" in the search box and search

Step 2: Click on "Install" and wait for the download to complete.

Step 3: After the installation is completed, click on "Open".

Step 4: Go to the Home page, click on the top-left icon

Then click on "Login" to go to the log-in page.

Step 2: When you are at the log-in page, you will see "Sign up" on the bottom right corner of the screen. Click on it to start registration.

You will see the registration page

How to Verify Account in MEXC

Identity Verification KYC Procedures【PC】

Log in to your MEXC account. Place your cursor on the top-right profile icon and click "Verify your identity".

Click "Verify" at "Primary KYC".

Select your country, input your full legal name (twice), fill in your ID information, Date of Bird and upload photos of your ID card or Passport or Drivers license. Make sure everything is filled in correctly and click on "Submit for review".

After Verification, you will see the pending approval, wait for the confirmation email or access your profile to check the KYC status.

Note
1. Image file format must be JPG, JPEG or PNG, file size cannot exceed 5 MB.

2. Face should be clearly visible! Note should be clearly readable! Passport should be clearly readable!

Identity Verification KYC Procedures【APP】

Step 1: Launch your MEXC application and log in. If you haven’t already done so, you may register an account by tapping “Register”.

Step 2: Return to the login page and enter your credentials. Slide to continue and proceed to enter your verification code.

Step 3: Once you have logged in successfully, tap on the icon below to access your profile page. Next, tap on “Authentication” to initiate the Know Your Customer (KYC) process.

Step 4: Fill in all the fields and upload a picture according to the instructions on the page.

Step 5: Once you have successfully completed the KYC process, you may start making purchases. Tap the “OTC” icon, select your purchase currency, the quantity/amount of tokens you would like to purchase before finalising the order with the “Quick Buy” button.

Step 6: Tap on the “Asset” icon at the bottom of the screen and transfer your tokens from your fiat account to your spot account. Tap on the transfer button to continue.

Step 7: Search for the BTC/USDT trading pair in the Spot exchange and set your purchase price, followed by the quantity of BTC you would like to purchase. Complete the order by tapping the “Buy” button.

Congratulations! You have successfully bought BTC.

How to Apply for Institution Account

To apply for an Institution account, please follow the step-by-step guide below:

1. Log in to your MEXC account and go to [Profile] . Click [Switch to institutional verification].

2. Click [Institutional Verification].

3. You will be asked to prepare a list of documents before you start the verification process.

You can click [Start Verification] to continue

4. Please fill in the basic information of your Institution and click [Continue]. You can also [Save Draft] anytime during the verification process.

5. Please upload the company documents based on the requirements.

6. Read and agree to the declaration. Check the box next to [I fully understand the declaration] and click [Continue].

7. Your application is successfully submitted. Please wait patiently for us to review.

How to Deposit in MEXC

How to Buy Crypto using Credit Card

Step 1: Launch your MEX application, tap on "Trading" and then "Fiat" in the top right corner of your screen. Scroll down to locate the "Use Visa/MasterCard to buy Digital Assets" button.

Step 2: Choose your purchasing currency, the crypto asset you would like to purchase, and your payment service provider.

Step 3: Do note that different service providers support different modes of payment and may have differing fees and rates.

Step 4: Upon tapping the "Confirm" button, you will be directed to a third-party site. Please follow the stated instructions there to complete your transaction.

Step 5: Upon success, your transaction can be viewed in the "Order History" page. You may also filter your order history by payment provider.

How to Buy Crypto on MEXC P2P Fiat Trading

Note: Before you start your OTC trading, please complete your [Identity Verification] at [Personal Center] first.

How to Start MEXC Trading in 2023: A Step-By-Step Guide for Beginners

P2P Fiat Trading【PC】

Step 1: Edit your nickname add a fund withdrawal method

Once you have logged in successfully, click on “Buy Crypto”, followed by “Settings”.

You can then proceed to edit your nickname and add a fund withdrawal method.

Step 2: Start Trading - Purchase USDT

Tap on “P2P Markets” and choose your trading currency. In this tutorial, we will use Malaysian Ringgit (MYR). Next, select your listing from the displayed offers.

You may then select the number of tokens you would like to purchase or select the amount of MYR that you would like to spend. Finalise the transaction by clicking the “Order” button.

Please make payment to the relevant merchant’s bank account within the allotted time. You may place additional transaction details in the message box to provide clarity on the transaction. You can then return to the previous page by clicking “Payment Completed”.

Your transaction should be processed within fifteen minutes. Please do not cancel your order prematurely. You may check your order status in “Latest Orders”.

Step 3: Start Trading - Sell USDT

Tap on “P2P Markets” and choose your trading currency. In this tutorial, we will use Malaysian Ringgit (MYR). Next, select your listing from the displayed offers.

You may then select the number of tokens you would like to sell or indicate the sum of MYR that you would like to get. Finalise the transaction by tapping the “Order” button.

Do give the merchant some time to make payment. However, if you do not receive payment within the stated time, you may contact the merchant directly. Failing that, you may proceed to submit an appeal to resolve the situation.

Note: You can ONLY use your own personal bank card to receive the fund.

Do note that you may only receive the funds with a verified bank account. Once you have received payment, do remember to tap “Confirm Transfer” to release the tokens to the buyer. If you do not do so, the transaction will not be completed.

P2P Fiat Trading【APP】

Step 1: Tap on “Trade”

Step 2: Next, tap on “Fiat”

Step 3: Select your trading currency.

Step 4: Select your offer and complete the transaction.

Notes:

Fiat trades do not complete automatically. Once you have made a purchase, do transfer the funds to your merchant with their bank account information. Please perform the transfer with an account that has been linked to your identity. Otherwise, your transaction might be delayed.
Once payment has been made, tap the “Payment Completed” button and wait for up to fifteen minutes for the merchant to release your tokens to you. Should you cancel your order during this time, your purchased tokens may not be released.
Merchant bank account information is updated from time to time. Do verify their account information before making a transfer.
All USDT will be credited to your fiat account. You will have to transfer it to your spot account in order to begin trading.

How to Deposit Crypto

Step 1: Log in to your account and move your cursor on “Assets”. From the drop-down menu, click on “account”.

Step 2: Click on the “Deposit” button.

Step 3:

1. Select the token you intend to deposit. Here, we will use USDT as an example.

2. Choose your preferred chain.

3. Then you can either scan the QR code for the address or just copy the address. Paste the address on the platform or wallet that you plan to transfer the funds from.

Notice
TRC-20 Minimum Deposit Amount:0.01 USDT. Deposits less than the minimum amount will not be captured and cannot be recovered.

Please ensure that you transfer the corresponding crypto to the stated address. Transferring the wrong type of crypto will result in the irreversible loss of your funds.

Carrying out a deposit to this address requires 20 network confirmations.

Step 4: Once the deposit is completed, the deposit status will be displayed in "Recent deposit records".

How to Trade Crypto at MEXC

Spot Trading on MEXC

What is Spot Trading

Spot trading is the method of buying and selling digital assets with other traders in real-time.
As the name suggests, transactions are settled immediately or "on the spot" as soon as the buying/selling order is filled.

Place Spot Trading Orders【PC】

Step 1: Click “Trade”, and select “Spot”.

Note: Please ensure that you have transferred the tokens from “Fiat account” or “Margin account” or “Future account” to "Spot account ", or you have deposited to your “Spot account” from a third-party.

Step 2: Please select the trading pair that you want to trade directly, such as “BTC/USDT”, or “search” it

Step 3：Select “Limit”, “Market”, or “Stop-Limit” based on your needs.

3.1 Limit Order

Please select “Limit”, enter the “Price” and “Quantity”, and click “Buy BTC” or “Sell BTC” to place the order

3.2 Market Order

Please select “Market”, enter the “Price” or “Quantity”, and click “Buy BTC” or “Sell BTC” to place the order.

3.3 Stop-Limit

Please select “Stop-Limit”, enter the “Trigger Price”, “Price” and “Quantity”, and click “Buy BTC” or “Sell BTC” to place the order.

Step 4：Check the order state on “Limit Order” or “Stop-Limit” or "Order History" on the bottom of the page.

Place Spot Trading Orders【APP】

Heres how to start trading Spot on MEXCs App:

1. On your MEXC App, tap [Trade] on the bottom to head to the spot trading interface.

Note: Please ensure that you have transferred your asset from Fiat, Margin or Futures account to your Spot account, or you have deposited the assets into your account.

2. Choose the trading pair you want to trade. Here take BTC/USDT as an example.

3. Select limit or stop-limit order

3.1 Limit Order

Select “Buy” or “Sell” and the order type of “Limit”. Then, enter “Price” and “Quantity”. Click “Buy” or “Sell” to place the order.

3.2 Stop-limit order

Select “Buy” or “Sell” and the order type of “Stop-Limit”. Then, enter “Trigger Price”, “Limit price” and “quantity”. Click “Buy” or “Sell” to place the order.

4. When the order is placed, you can view the order in “Limit” or “Stop-Limit”

Margin Trading on MEXC

What is Margin Trading

Margin Trading allows users to trade assets on borrowed funds in the crypto market. It amplifies trading results so that traders are able to reap larger profits on successful trades. Similarly, you are also at risk of losing your entire margin balance and all the open positions.

Only 5 steps to start trading Margin on MEXC:

Activate your Margin account
Transfer assets to your Margin wallet
Borrowing assets
Margin trading (Buy/Long or Sell Short)
Repayment

How to use with Margin Trading

Step 1: Open a Margin Trading account

After logging in to your MEXC account, find [Trade] on the menu bar and click [Margin]

Once directed to the Margin market interface, click [Open a margin account] and read the Margin Transaction Agreeement. Click [Confirm activation] to proceed.

Step 2: Asset transfer

In this case, we will be using BTC/USDT margin trading pair as an example. The two tokens of the trading pair (BTC, USDT) can be transferred to the Margin Wallet as the collateral funds. Click [Transfer], choose the tokens and fill in the quantity you want to transfer to your Margin Wallet then click [Transfer now]. Your borrowing limit is based on the funds in your Margin wallet.

Step 3: Loan

After transferring the tokens to your Margin Wallet, you are now able to use the tokens as collateral to borrow funds.

Click [Loan] under the [Normal] mode. The system will display the amount available for borrow based on the collateral. Users can apply the loan amount according to their needs.

The minimum loan amount and hourly interest rate will also be shown in the system for easy reference. Fill in the quantity you want to loan and click "Loan".

Step 4: Margin trading (Buy/Long or Sell Short)

Users can start Margin Trading once loan is successful. Heres what Buy/Long and Sell/Short means:

Buy/Long

Buying long on Margin Trading means expecting a bullish market in the near future to buy low and sell high whilst repaying the loan. If the price of BTC is expected to increase, you can choose to borrow USDT to buy BTC at a low price and sell it at a high price in the future.

Users can choose between Limit, Market or Stop-Limit in [Normal] or [Auto] mode to buy/long BTC.

When the price of BTC goes up to the expected price, user can sell/short BTC by using Limit, Market or Stop-Limit.

Sell/Short

Selling short on Margin Trading means expecting a bearish market in the near future to sell high and buy low whilst repaying the loan. If the current BTC price is 40,000 USDT and it is expected to drop, you can choose to go short by borrowing BTC.

Users can choose between Limit, Market or Stop-Limit in [Normal] or [Auto] mode to sell/short BTC.

When the price of BTC goes down to the expected price, users can buy BTC with a lower price in Margin Trading to repay the loan and interest.

Step 5: Apply for repayment

Users can proceed with repayment by clicking [Assets - Account] - [Margin account]. Look for the tokens you have applied loan for (BTC, in this case), and click [Repayment]. Select the order that you would like to repay, key in the amount for repayment and click [Repayment] to proceed. If there is an insufficient amount for repayment, users have to transfer the required tokens into their Margin account to make the repayment in time.

Guide to Automatic Mode Feature in Margin Trading

MEXC also provides Margin Trading in Auto mode to simplify trading processes and enhance users experience.

1. Loan and Repayment

By choosing Automatic mode in Margin Trading, users do not need to loan or repay manually. The system will judge whether the user needs a loan based on the available asset and order amount. If the order amount is greater than the users available asset, the system will perform a loan automatically, and the interest will be counted immediately. When the order is cancelled or partially filled, the system will repay the loan automatically to avoid the interest generated by the idle loan.

2. Available Amount/Quota

In Automatic mode, the system will display the available amount to users based on the leverage selected and the users asset in the Margin account (Available amount = Net asset + Maximum loan amount).

3. Unpaid Loan

If the user has an unpaid loan, the system will first repay the interest and then the loan amount when the user transfers the corresponding asset into margin account. Users will have to repay the outstanding loan to be able to switch trading modes.

Stop-Limit Order on Margin Trading

What is Stop-Limit order on Margin Trading?

Stop-Limit order allows traders to combine a limit order and a stop-loss order to mitigate risks by specifying the minimum amount of profit or the maximum loss they are willing to accept. Users can start by setting a stop price and a limit price. When the trigger price is reached, the system will automatically place the order even when you are logged out.

Parameters

Trigger price: When the token reaches the trigger price, the order will be placed automatically at the Limit price with the pre-set amount.

Price: The price for buy/sell

Quantity: The buy/sell amount in the order

Note: If theres a large market fluctuation when users are trading in Auto mode, the available loan will be changed. This may lead to the failure of the stop-limit order.

For example:

The market price of EOS is now higher than 2.5 USDT. User A believes that the 2.5 USDT price mark is an important support line. So User A thinks if the price of EOS falls below the price, he can apply for a loan to buy EOS. In this case, User A can leverage the stop-limit order and set the trigger prices and amount in advance. With this function, User A will have no need to actively monitor the market.

Note: If the token has experienced great volatility, the stop-limit order may fail to be executed.

How to place a Stop-Limit order?

1. Taking the above scenario as an example: On MEXCs website, find [Trade - Margin] on the menu bar - Click [Stop-Limit] in the preferred mode (Auto or Normal)

2. Set the Trigger Price at 2.7 USDT, Limit Price as 2.5 USDT and the buying amount of 35. Then, click "Buy". After placing the Stop-Limit order, the order status can be viewed under the [Stop-Limit order] interface below.

3. Upon the latest price reaching the stop price, the order can be viewed under the "Limit" menu.

Futures Trading on MEXC

Coin Margined Perpetual Contact Trading Tutorial【PC】

Step 1:

Login at https://www.mexc.io click “Derivatives” followed by "Futures" to enter the transaction page.

Step 2:

The futures page contains a wealth of data about the market. This is the price chart of your selected trading pair. You may toggle between the basic, pro and depth views by clicking the options in the top right of the screen.

Information about your positions and orders can be seen at the bottom of the screen.

The order book gives you insight into whether other brokerages are buying and selling while the market trades section gives you information about the recently completed trades.

Finally, you can place an order on the extreme right of the screen.

Step 3:

The coin-margined perpetual contract is a perpetual contract denominated in a certain kind of digital asset. MEXC currently offers BTC/USDT and ETH/USDT trading pairs. More will come in future. Here, we will purchase BTC/USDT in an example transaction.

Step 4:

If you do not have sufficient funds, you may transfer your assets from your Spot account to your Contract account by clicking “Transfer” in the bottom right of the screen. If you do not have any funds in your Spot account, you may perform purchase tokens directly with fiat currency.

Step 5:

Once your contract account has the required funds, you may place your limit order by setting price and the number of contracts you would like to purchase. You may then click “Buy/Long” or “Sell/Short” to complete your order.

Step 6:

You may apply different amounts of leverage on different trading pairs. MEXC supports up to 125x leverage. Your maximum allowable leverage is dependent on the initial margin and maintenance margin, which determines the funds required to first open and then maintain a position.

You may change both your long and short position leverage in cross margin mode. Here’s how you can do it.

For instance the long position is 20x, and the short position is 100x. To decrease the risk of long and short hedging, the trader plans to adjust the leverage from 100x to 20x.

Please click “Short 100X” and adjust the leverage to the planned 20x, and then click “OK”. Then the leverage of the position has now been reduced to 20x.

Step 7:

MEXC supports two different margin modes to accommodate differing trading strategies. They are Cross Margin mode and Isolated Margin mode.

Cross Margin Mode

In cross margin mode, margin is shared between open positions with the same settlement cryptocurrency. A position will draw more margin from the total account balance of the corresponding cryptocurrency to avoid liquidation. Any realised PnL can be used to increase the margin on a losing position within the same cryptocurrency type.

Isolated Margin

In isolated margin mode, margin assigned to a position is limited to the initial sum posted.

In the event of liquidation, the trader only loses margin for that specific position, leaving the balance of that specific cryptocurrency unaffected. Therefore, isolated margin mode allows traders to limit their losses to the initial margin and nothing more.

When in isolated margin mode, you can spontaneously optimise your leverage by means of the leverage slider.

By default, all traders start in isolated margin mode.

MEXC currently allows traders to change from isolated margin to cross margin mode in the middle of a trade, but in the opposite direction.

Step 8:

You may buy/go long on a position or sell/go short a position.

A trader goes long when they anticipate a price increase in a contract, purchasing at a lower price and selling it for a profit in the future.

A trader goes short when they anticipate a price decrease, selling at a higher price in the present and earning the difference when they re-purchase it in the future.

MEXC supports a variety of different order types to accommodate different trading strategies. We will next proceed to explain the different order types available.

Order Types

i) Limit order

Users can set a price that they are willing to buy or sell at, and that order is then filled at that price or better. Traders use this order type when price is prioritised over speed. If the trade order is matched immediately against an order already on the order book, it removes liquidity and the taker fee applies. If the trader’s order is not matched immediately against an order already on the order book, it adds liquidity and the maker fee applies.

ii) Market order

A market order is an order to be executed immediately at current market prices. Traders use this order type when speed is prioritised over speed. The market order can guarantee the execution of orders but the execution price may fluctuate based on market conditions.

iii) Stop Limit Order

A Limit Order will be placed when the market reaches the Trigger Price. This can be used to stop loss or take profit.

iv) Immediate or Cancel Order (IOC)

If the order cannot be executed in full at the specified price, the remaining portion of the order will be cancelled.

v) Market to Limit Order (MTL)

A Market-to-Limit (MTL) order is submitted as a market order to execute at the best market price. If the order is only partially filled, the remainder of the order is canceled and re-submitted as a limit order with the limit price equal to the price at which the filled portion of the order executed.

vi) Stop Loss/Take Profits

You may set your take-profits/stop-limit prices when opening a position.

If you need to perform some basic arithmetic when trading, you may use the provided calculator function on the MEXC platform.

Coin Margined Perpetual Contract Trading Tutorial【APP】

Step 1:

Launch the MEXC app and tap “Futures” in the navigation bar at the bottom to access the contract trading interface. Next, tap the upper left corner to select your contract. Here, we will use the coin-margined BTC/USD as an example.

Step 2:

You may access the K-line diagram or your favourite items from the top right of the screen. You may also view the guide, and other miscellaneous settings from the ellipsis.

Step 3:

The coin-margined perpetual contract is a perpetual contract denominated in a certain kind of digital asset. MEXC currently offers BTC/USD and ETH/USDT trading pairs. More will come in future.

Step 4:

If you do not have sufficient funds, you may transfer your assets from your Spot account to your Contract account by clicking “Transfer” in the bottom right of the screen. If you do not have any funds in your Spot account, you may perform purchase tokens directly with fiat currency.

Step 6:

You may apply different amounts of leverage on different trading pairs. MEXC supports up to 125x leverage. Your maximum allowable leverage is dependent on the initial margin and maintenance margin, which determines the funds required to first open and then maintain a position.

You may change both your long and short position leverage in cross margin mode. For instance the long position is 20x, and the short position is 100x. To decrease the risk of long and short hedging, the trader plans to adjust the leverage from 100x to 20x.

Please click “Short 100X” and adjust the leverage to the planned 20x, and then click “OK”. Then the leverage of the position has now been reduced to 20x.

Step 8:

You may buy/go long on a position or sell/go short a position.

A trader goes long when they anticipate a price increase in a contract, purchasing at a lower price and selling it for a profit in the future.

A trader goes short when they anticipate a price decrease, selling at a higher price in the present and earning the difference when they re-purchase the contract in the future.

MEXC supports a variety of different order types to accommodate different trading strategies. We will next proceed to explain the different order types available.

Order

Limit order

Users can set a price that they are willing to buy or sell at, and that order is then filled at that price or better. Traders use this order type when price is prioritised over speed. If the trade order is matched immediately against an order already on the order book, it removes liquidity and the taker fee applies. If the trader’s order is not matched immediately against an order already on the order book, it adds liquidity and the maker fee applies.

Market order

A market order is an order to be executed immediately at current market prices. Traders use this order type when speed is prioritised over speed. The market order can guarantee the execution of orders but the execution price may fluctuate based on market conditions.

Stop Limit Order

A Limit Order will be placed when the market reaches the Trigger Price. This can be used to stop loss or take profit.

Stop Market order

A stop market order is an order that can be used to take profits or stop losses. They become live when the market price of a product reaches a designated stop-order price and is then executed as a market order.

Order Fulfilment:

Orders are either fully filled at the order price (or better) or completely cancelled. Partial transactions are not allowed.

If you need to perform some basic arithmetic when trading, you may use the provided calculator function on the MEXC platform.

How to Withdraw at MEXC

How to Withdraw Crypto

Step 1: Log in to your account and move your cursor on “Assets”. From the drop-down menu, click on “account”.

Step 2: Click on the “Withdraw” button.

Step 3: From the menu on the left, select the token you intend to withdraw. Here, we will use USDT as an example.

Step 4: Enter the destination address, the desired amount and then click on submit.

The minimum withdrawal amount will be denoted under the “Amount” column. Your withdrawal must be equal or greater to the minimum requirement.

Step 5: To track your withdrawal status, click the “Records” button in the top-left corner.

How to Sell Crypto on MEXC P2P Merchant

Setup

Step 1: Click “Buy Crypto” and select the “P2P Markets” tab to enter the P2P trading page.

Step 2: Click on “Setting”, edit your nickname and set your fund withdrawal method by clicking “Add Collection Method”.

Manage Your Listings

On the P2P Trading page, click “Merchant” on the top right to access your Merchant Console.

You can then proceed to view your ongoing orders, your assets, your advertisements and create advertisements from the interface.

Create a New Advertisement

Step 1: To post an advertisement to buy or sell, you may click on “Create AD” in your Merchant Console. Alternatively, you may head over to the My Advertisement page to access the “Create AD” button.

Step 2: Select the “Sell/Buy” order and place your trade price.

Step 3: Modify the fields in the Transaction Configuration section.

Step 4: Modify the fields in the User Limit section. Do note that new merchants on probation have to issue at least one buy/sell advertisement a day with no limitations. This means that the “KYC Required” field should be set to “Primary” but the rest of the fields should be left at their defaults.

Step 5: Finally, select your Collection Method, set your automatic reply message and click the “Create AD” button to confirm your advertisement.

View your Advertisements and Orders

Select “My Advertisement” to view all advertisements or search for a specific advertisement.

Merchant Tutorial: Purchasing USDT

Once you’ve advertised an offer to purchase USDT, it will show up in the Sell listings for users.

Step 1: When a user clicks on your listing and attempts to sell USDT to you, you will receive an order notification by SMS/email. Click “My Orders” followed by “Processing”.

Step 2: You will receive the user’s payment details. You can then proceed to transfer your funds to the user. Click “Confirm” once you have done so.

Do note that if you do not confirm your transaction by clicking on the button, the other party may cancel this order even after payment has been made. It is essential that you click “Confirm” once you have made your payment.

Step 3: Check the box next to the bank account number and proceed to click “Confirm” again.

Step 4: Once the funds have been transferred, click on “Confirm Transfer” to prompt the other party to release the tokens to you.

Step 5: Congratulations! You have completed your USDT purchase.

If you encounter any problems receiving the tokens within the stated time, you may use the chat function on the right to contact the other party.

Should you fail to come to an amicable resolution, you may escalate this to the MEXC Customer Service department and we will assist with the matter.

Merchant Tutorial: Selling USDT

Once you’ve advertised an offer to sell USDT, it will show up in the Buy listings for users.

Step 1: When a user clicks on your listing and attempts to buy USDT from you, you will receive an order notification by SMS/email. Click “My Orders” and select the relevant order. You will then be directed to the following page.

Once you have received the funds from the other party, click on the “Confirm” button.

If you have not received the funds after 15 minutes, you may reach out to the other party directly with the chat function on the right.

Should you fail to come to an amicable resolution, you may escalate this to the MEXC Customer Service department and we will assist with the matter.

Step 2: Once you’ve received the funds, check the box next to your bank account number and click “Confirm”.

Step 3: Click “Transfer” to release your USDT to the buying party.

Step 4: Congratulations! You have completed your sale of USDT.

Do feel free to reach out to us if you encounter any issues.

Frequently Asked Questions (FAQ)

How to Resolve Verification Code not received by Email

If you cannot receive the verification code by your email, please first confirm that you have filled in the correct email address. If yes, please try the following methods:

Method 1: It may be caused by an internet delay. Please recheck it again after a moment. The verification code is valid for 15 minutes.

Method 2: Please check whether it is in your junk box.

Method 3: Please whether your registration email is consistent with your verification code receiving email.

Method 4: If you still cannot receive the verification code after the above, it may have been intercepted. You have to add MEXC links (1. email.mexc.link; 2. info.mexc.link; 3. mexc.com) into your whitelist via email "Setting".

Email Verification Code Cannot be Received

If you cannot receive the email verification code, please check:

I. Whether your email address is correctly filled during registration.

If your email address is wrongly filled during registration, you have to change your email address. You shall first complete the KYC verification, and then send email change application to [email protected] (we will solve your problem within 24 hours). The following data is required:

Problem description
MEXC account (Mobile phone number and email account)
New email account (Please ensure your new email is correct, otherwise you may not receive a verification code. As a result, your withdrawal may not be completed. The popular mailboxes, such as Gmail, QQ, Outlook, etc. are recommended).
Half body shot of your ID card and written-form application in your hands. Please ensure the pictured information is clear and readable, and the written-form application shall be marked with E-mail change information and the date. For example, “My old E-mail account, My new E-mail account and the Date” shall be marked on the application. Please note that the date shall be the very day you make the application.

II. Whether the email is in your junk box.

III. Whether your E-mail APP sends or receives emails normally.

IV. Set MEXCs official E-mail address

Set [email protected] and [email protected] into your white list.

P2P Fiat Trading

1. What is P2P Fiat Trading?

P2P Fiat trading refers to the purchase or sale of digital assets with Fiat currency (e,g, US Dollar, Japanese Yen, etc.) between merchants users. It allows for quick conversions between digital assets and fiat.

2. What is USDT?

USDT, or Tether, is a blockchain-based cryptocurrency pegged to the U.S. dollar (USD). In other words, one USDT will always be equal to one U.S. dollar. Guests can exchange their USDT for USD at a 1:1 rate at any point in time. Tether strictly abides by the 1:1 reserve guarantee; every USDT issued is backed by a corresponding U.S. dollar.

3. How to set up the payment method?

If you’re using the web interface:

Please click "Buy Crypto" "Settings" "Add Collection Method".

If you’re using the application interface:

Please click "Trade" "Fiat" "..." "Collection Settings" "Add collection methods".

Please be aware that you need to complete the Know Your Customer (KYC) verification before conducting OTC Trading.

4. When verifying my bank card, why do I see the message "User should be the Card’s Owner?"

The account name of your bound bank card or E-wallet must be the same as your name to verify your identity. Additionally, you must use your own bank card or E-wallet.

5. I filled in my payment collection method incorrectly and I would like to change my payment method. What should I do?

You may edit, or delete and add a new payment method in the “Payment Mode Management” Page.

6. Which bank cards can be bound to the platform?

MEXC currently supports most banks on the platform.

7. Can I pay with someone else’s bank account?

In order to avoid transaction issues, kindly make payment with a verified bank account which belongs to you.

8. Why do I receive a “Balance Insufficient” message when selling tokens?

If you would like to sell USDT through the “P2P Trading” function, you first need to transfer your USDT from your Trading account to your Fiat account first.

9. I didnt make the payment, but I accidentally clicked "I have paid", what should I do?

Please contact the merchant through the chat box (on the right) to cancel your order. Do note that MEXC will not be liable for losses arising from guest negligence. Please check before confirming your orders.

10. How many times can I cancel my P2P order in a day?

As a general rule, guests may cancel up to three orders a day before a temporary restriction is placed on their ability to P2P trade for the next 24 hours.

11. I have confirmed that payment has been made, but the merchant says they have not received their funds. Why is this the case?

The Merchant’s bank may not have processed the transaction yet. Do communicate with the merchant and allow for some additional time for the delay to be resolved. Your tokens will be released to you immediately once payment has been received.

12. The merchant has confirmed that my tokens have been released. Which account were they released to?

Do note that your tokens are deposited directly into your Fiat account. However, if you do not receive your tokens, you may reach out to the merchant with the MEXC messaging system or call them directly. Alternatively, you may raise an appeal to the MEXC customer service department.

13. Do I need to confirm that the tokens have been released when I am the selling party?

Yes. Do click on the “confirm release” button once you have received payment.

14. "There are no ads that meet the requirements yet.” What does this prompt mean?

Some Merchants will place minimum requirements such as “Minimum Trades done” or “Primary KYC Completed” on their listings. If you are unable to meet their minimum requirements, you may not be able to complete a transaction with them.

15. Is there a time limit for making payments to merchants?

Transfers to your merchant should be completed within 15 minutes. If you do not make the transfer within the stipulated time, the system will automatically cancel your order.

16. I have already made payment. Why did my order still time out?

You have to click "Confirm Payment" after you have made the transfer. If you do not click on the “Confirm Payment” button, your order may timeout and the system will cancel it automatically. If this happens, contact the merchant directly for a refund.

17. I transferred money to the merchant but they have not released the transaction. The merchant said that the transfer was not performed in accordance with the regulations of their bank. Their account has been frozen as a result. What can I do?

Please reach out to the merchant and try to negotiate a compromise. We recommend that you give the merchant some time to resolve the situation. If the merchant is still unable to release the tokens to you after the agreed window of time has closed, you may contact our online customer service department directly and we will reach out to the merchant on your behalf.

We strongly advise against putting sensitive words like “crypto”, “Bitcoin”, “MEXC” or specific cryptocurrency names in the “Transfer Reference” field.

18. "Because your account has undergone OTC transactions, it will take 24 hours to withdraw cash. If you have any questions, please contact the platform customer service" What does this prompt mean?

The MEXC trading platform has stringent Anti-Money Laundering (AML) mechanisms in place. If users have bought USDT through the P2P Trading function, they will need to wait 24 hours from the time of their trade before they can make a withdrawal.

19. Are MEXC’s P2P merchants reliable?

All of our merchants have paid a security deposit and passed our verification process. MEXC has made every effort to ensure a safe and frictionless trading experience. If you have any additional questions, please contact our online customer service department.

Spot Trading

1. Why cant I enter the buy/sell amount?

Please make sure that you have a sufficient amount in your account. If the amount is insufficient, you cannot enjoy the transaction.

2. I only bought USDT, why cant I trade?

The USDT you purchase in fiat trading will be put into your fiat account, you need to transfer them to your spot account before you trade.

3. Where can I see my transaction records?

Your transaction record can be seen in your "Orders"-"Currency Order"-"Historical Orders".

4. Why cant I see all my transaction records?

At present, you can only see your transaction records for nearly a month in your account. If you need to inquire more transaction records, please submit an application through online customer service, and we will send it to your registered mailbox in about 3 working days.

5. Why is my transaction record different from my order record?

The transaction is usually divided into multiple partial transactions, please check the total amount, it should be the same as the amount you placed.

6. Is there a market order method for currency trading?

At present, we do not have a market-based pending order for currency trading, and all require you to manually enter the price and quantity for pending orders.

7. What is the innovation zone?

Tokens in the innovation zone often belong to a category with relatively large price fluctuations. Compared with the mainboard market, the products in the innovation zone are also more risky and require a careful operation. It is worth mentioning that the tokens in the innovation zone are limited in time and not inconvenient. If the tokens in the innovation zone return to normal fluctuations, it is possible to move to the mainboard for trading at a later stage after the volume rebounds. Announcement notice.

8. How should I add my frequently used trading pairs?

You can search for the token you want in the search bar on the right, and click the "☆" next to add a favorite.

9. How should I read the introduction of this project?

On the web page, you can click on the transaction pair on the left side of the page to check the "XXX data" below, and on the mobile terminal, you can click on the transaction pair and view the introduction in the "currency details" in the drop-down page.

10. Why are the percentage in the daily line rising and the decline in the Kline showing?

Because the percentage change in the daily line is calculated at 0 points, and the Kline in the daily line is updated at 8 points.

11. Cant the apps trading interface set the parameters of technical indicators?

The parameter setting of the technical indicators on the App side is under development, so stay tuned.

12. How should the moving average be selected on the web?

You can click "⚙" in the market trading interface and the "Indicator" button next to it to make a selection.

13. How to set the night mode on the mobile App interface?

You can click on the avatar in the upper left corner to enter the "My" interface and turn on the night mode next to the "⚙" button.

14. Can the exchange set up red and green?

The web page can be set to go up and down, click the "⚙" button on the trading interface to set.

15. When is the daily trading volume of MEXC calculated?

It starts at 16:00 (UTC) every day.

16. When did the MEXC increase or decrease start to be calculated?

It starts at 16:00 (UTC) every day.

17. When did the daily K-line chart of MEXC start to update?

Updated every day at 00:00 (UTC).