After opening an account with MEXC, the steps required for currency trading are purchasing and depositing, so I will explain the safe method in this article. There are some restrictions when making deposits, so it is better to know them in advance before making a deposit. This article summarizes the deposit procedure and points to note. The number of virtual currencies supported is overwhelmingly greater than other virtual currency exchanges. I will explain the steps and methods.
MEXC Global How to open an account
Before making a deposit, you must first open an account. Please refer to the article below. Currently, there is a large number of coins, and MEXC is at the top of the popularity ranking and is comparable to Binance. You can easily trade with a smartphone app, and the leverage is 200x, which is a very big feature. Many benefits and events are also held. Futures trading and spot trading are also possible and are easy to do.
MEXC Global Payment notes
MEXC Global has a deposit method for actual trading, but there are some things to keep in mind when doing so. Please refer to the following. It may take some time to reflect depending on the transaction congestion on the coin blockchain. If you are having a problem and do not know the details of the cause, please contact support.
Recommendations for two-step authentication
As a step, please verify your identity and perform two-factor authentication when opening an account. Two-factor authentication is essential to protect your assets. It has solid support compared to popular overseas crypto exchanges, but if you want to trade BTC or ETH, security measures are essential.
Currencies that can be deposited
Basically, MEXC mainly accepts deposits using virtual currency. MEXC supports at least 1,500 different virtual currency brands, so it doesn’t necessarily mean that you can’t make a deposit. This number of 1500 is overwhelmingly superior to other virtual currency exchanges. Please also take a look at the frequently asked questions on the official website.
| Exchange | Number of Coins |
|---|---|
| MEXC | 1500 |
| Binance | 350 |
| Kucoin | 700 |
| Bybit | 270 |
| Bitget | 380 |
P2P trading
P2P is a transaction in which users buy and sell virtual currencies directly without going through an exchange. By using P2P transactions, you can deposit with LINE Pay or bank transfer. It is not possible to deposit fiat currency directly, but using P2P transactions makes it possible.
deposit fee
Deposits can be made free of charge if the currency is handled. In addition, there are no fees regardless of how many times you make a deposit. Therefore, the ease of depositing is the biggest advantage of this exchange. However, the disadvantage is that the deposit service will charge a fee. You will be responsible for the burden, so think carefully.
MEXC Global Virtual currency deposit procedure
Now, I will explain the actual deposit procedure and how to use it. First, log in to the official website. Select “Overview” from the “Wallets” category on the right side of the screen and click on it. It supports multiple major coins such as BTC (Bitcoin), USDT (Tether), XRP (Ripple), ETH (Ethereum), and EOS (Eos). It can be operated using an app or a PC. You can also download the amount and deposit status from the history and see it for yourself. If you are unsure, please contact customer support.
The screen will change, so click “Deposit”.
Select the type of currency you wish to deposit, choose from the available networks and your deposit address will be displayed. Send virtual currency to the displayed deposit address. Please log in to the exchange or wallet from which you are sending the money and complete the remittance procedure. The point to note is that you should not make a mistake with the address. It will be a mistake in remittance, and depending on the exchange, you may not be able to get back the money that you made a mistake in remittance.
MEXC Global Buy cryptocurrency with credit card
As one of the deposit methods, there is a method of depositing by purchasing virtual currency using a credit card. With credit card deposits, there is no need to purchase cryptocurrencies at domestic exchanges and withdraw/remit. Select “Debit, Credit Card” from “Buy Crypto” on the home screen.
Accepted credit card brands are VISA and Mastercard only. First, select your payment currency. Next, select the type of virtual currency you want to purchase. Next, enter the amount of virtual currency you want to earn. You can add a credit card from “Add Card”. The site screen of the selected payment service provider opens. Once you have made your selection, click the “Buy” button. Finally, enter your personal information. Please enter your address, city name, zip code, email address, phone number and date of birth. If everything is correct, press “Pay”.
MEXC Global P2P trading
If you use P2P transactions, you can deposit virtual currency with LINE Pay or bank transfer. However, it should be noted that in the case of P2P transactions, the transaction price is set higher, so it is more expensive than depositing virtual currency. It is a method that can be used if there is no problem with this point. Know Your Customer (KYC) authentication is required for P2P transactions. Click “P2P trading” from “Buy Crypto” on the home screen.
Since the P2P screen is displayed, let’s select each item. You can purchase with the “Buy” button.
Enter the purchase amount. Then click “Buy” and you will be taken to the order confirmation page. Select “LINE Pay” as the payment method and display the QR code. Hover the cursor over the QR code mark to display the QR code, so read it from LINE’s “Add friend”. Next, we will process the remittance on LINE.
Go to LINE Wallet and tap “Send money”. Select Remittance/Send on LINE and select “online now” that you added as a friend earlier. Enter the same amount as the deposit amount entered in MEXC into LINE and select “Next” to send the money.
When the transfer with LINE Pay is completed, you will be notified by clicking “Transfer complete, notify seller” from the MEXC confirmation screen. Purchased USDT will be credited to your MEXC account within 15-30 minutes.
Bank transfer is also possible. For bank transfer, select “Bank Account” and check the information that appears on the right. Bank name, branch, number account will appear, so make a note of it and transfer it here.
MEXC Global International money transfer
International money transfers have also recently been implemented. Click “International Bank Transfer” from “Buy Crypto”.
Since the following input screen will be displayed, you can buy the currency by entering the purchase amount from “EUR” or “GBP”.
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