BTC, ETH, NFT, and defi can be traded on the MEXC exchange, and one person can create multiple accounts. However, you cannot reuse the same email address. This is because once an e-mail address is registered, the system does not allow the same e-mail address to be registered. That’s where the sub-account feature comes in.
Create multiple accounts
As mentioned above, you cannot use the same email address to create multiple accounts. This also applies to your phone number. So what you can do is to have multiple email addresses or multiple phone numbers, but to be honest, I think it’s time-consuming and troublesome. According to the information on the support page, the service for creating sub-accounts does not require any fees and is free of charge, so there is no risk.
Sub account function
MEXC implemented a sub-account function in 2022. This means that by creating one account, you can create multiple sub-accounts within the same account. There is no limit to the number of accounts, so you can create many. Sub-accounts can purchase listed tokens in both futures and spot form. You can also apply for the VIP program, and if you apply, you will be able to trade using your funds.
merit
The advantage of creating a subaccount is that you can use it properly in the account. One account can be for long positions and the other for short positions. You can clarify the purpose by using them properly.
Demerit
The disadvantage is that it becomes complicated to manage. Since we are trading with each account, we have to think about strategies for each position, such as where to settle. It may not be suitable for those who are not good at multitasking.
Users who recommend subaccounts
It is up to the user whether they want to use sub-accounts or not. We recommend creating a subaccount for users who fall under the following examples. If you have any questions, please contact customer service. MEXC has a lot of media exposure and disseminates business and market information through blogs and communities.
have multiple transactions
If you only want to trade in futures in one account and only in spot trades in another account, subaccounts are definitely worth it. Therefore, there are many types of transactions on MEXC, and if you are a user who engages in a variety of transactions, we recommend creating a sub-account. One account will be a specialized account for one trade, so there will be no confusion.
trading strategy
If you only want to do short trades in one account and only long trades in another account, subaccounts are worth it. By using these properly, you can switch your trading strategy, so you won’t have to worry about managing it. Sub-accounts are highly recommended for those who have a lot of trading strategies.
Freeze account
Some users worry that if they create a lot of different accounts, the management will become suspicious of them and that their accounts may be frozen, but this is not a problem. Basically, there are no exchanges that limit the possession of multiple accounts. Since it is a system provided by MEXC in the first place, it will be more profitable to actively use it.
How to create a subaccount
You can set how to create a subaccount from the following screen. Click the red frame in the upper right corner of the screen to expand the menu. From there, select Subaccount Management.
You will be able to see the list of subaccounts, transaction history, etc., and you can also create a new account.
If you click Create, you can create an account by proceeding with various settings. After setting the user name, etc., the end is completed by performing email authentication and Google 2-step authentication.
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