At the crypto asset exchange MEXC, you can safely purchase Bitcoin (BTC) and Ethereum (ETH) on the platform while watching prices in real time. Once you open an account, you can trade futures and spot trades. However, there may be many people who don’t know what spot trading is, so I wrote an article about it. At the same time, I also write articles about how to trade within MEXC.
MEXC Global What is spot trading?
A physical transaction is a transaction that actually buys or sells virtual currency. Physical transactions must be entered from virtual currency purchase transactions first. This is because when selling, it is assumed that you have virtual currency in advance. In the case of spot trading, it is not possible to obtain more virtual currency than the cash on hand, so there is an advantage that there is no loss exceeding the cash on hand. But there are also disadvantages. As mentioned above, you can’t start unless you buy it, so if you don’t buy it, nothing will start.
microtransactions
In spot trading, it is possible to order and trade with very small funds. Since you can purchase with a small amount of capital, it is a trading method that is easy to purchase even for people who do not have a large amount of investment funds. Therefore, you can trade even with a small amount, so you can feel very safe. It also covers major currencies such as BTC, USDT, ETH, and XRP.
No risk of chasing debts
In spot trading, you can only trade with the funds you have on hand. Even if the virtual currency you purchase crashes and becomes worthless, you will not be in debt. Therefore, it can be said to be one of the relatively safe trading methods.
It is impossible to make a profit in a short period of time
In the case of spot trading, you purchase with the money you have on hand. Unlike leveraged trading, you cannot trade more than your funds. Therefore, it is difficult to suddenly make huge profits in a short period of time. When the price movement is low, the profits are also low.
long term holding
In the case of spot trading, you basically aim to make a profit by holding the stock for a long period of time. This is because unlike leveraged trading, you cannot suddenly aim for large profits in a short period of time. It is better to hold stocks for a few years rather than repeatedly buying and selling based on short-term price movements.
commission
The maker commission rate for spot trading is 0.000% and the taker commission rate is 0.000%. The app also provides spot trading services. You can also check the market. Transaction information can also be downloaded from the link on the dedicated page. Currently, we have a wide range of support, so you can easily contact us.
MEXC Global What is futures trading?
In addition to spot trading, there is also futures trading. This is a transaction that promises to buy or sell virtual currency in the future. Since the transaction takes place in the future, there is no physical delivery or settlement at the time of the futures contract. When trading virtual currency futures, it is required to deposit margin money with the exchange before trading. The advantage of futures trading is that it can be leveraged. You can quickly increase your cash reserves. But this can also be a disadvantage. Because you can lose money all at once.
MEXC Global How to do spot trading
MEXC allows spot trading. However, first you will need to open a business account and submit a certificate. First, let’s create an account. Please refer to the article below. MEXC only trades listed coins, so it is very safe. We have a VIP program, many benefits such as M-day and API, and a rich customer service center and community. Please refer to the following for sign-in and details. We also have an invitation program so you can collaborate.
Funds must be transferred to a physical account. Please apply and complete the funds transfer from your wallet. The image below explains how to buy and exchange. The Support Center also has a wealth of content that you can learn from. Please also check the terms of use. If you find any abnormality during operation, please contact support and report it. They will verify it and work with you to make improvements.
Once you have created an account, log in. Select “Spot Trading” from “Trade” on the home screen. There are many announcements about MEXC in the media (blogs, SNS) for corporations, so be sure to check the latest stock information.
The red frame below will be the order screen. It is possible to trade from the order screen. The order type can be selected from one of limit order/market order/stop limit. It is a mechanism that you can buy and sell by specifying the price and quantity when placing an order.
Limit order: An order format that allows you to buy and sell crypto assets at a specified price
Market orders: buy and sell crypto assets at real-time market prices
Stop Limit: The order you set is automatically placed when the trigger price is reached
The yellow frame on the bottom screen is the order book (sell), the red one is the order book (buy), the blue frame is the trading pair, and the purple frame is the entire transaction history.
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