How to Trade Crypto and Withdraw on MEXC

How to Trade Cryptocurrency on MEXC

How to Trade Spot on MEXC

Trade Bitcoin on MEXC [Web]

For new users making their first Bitcoin purchase, it is recommended to start by completing a deposit, and then utilize the spot trading feature to quickly acquire Bitcoin.

You can also opt for the Buy Crypto service directly to purchase Bitcoin using fiat currency. Currently, this service is only available in certain countries and regions. If you intend to buy Bitcoin directly off-platform, please be aware of the higher risks involved due to the lack of guarantees and exercise careful consideration.

Step 1: Log in to the MEXC website, and click on [Spot] at the top left corner - [Spot].

Step 2: In the "Main" zone, select your trading pair. Currently, MEXC supports mainstream trading pairs including BTC/USDT, BTC/USDC, BTC/TUSD, and more.

Step 3: Take making a purchase with the BTC/USDT trading pair as an example. You can select one of the three following order types: ① Limit ② Market ③ Stop-limit. These three order types have different characteristics.

① Limit Price Purchase

Enter your ideal buying price and buying quantity, then click on [Buy BTC]. Please note that the minimum order amount is 5 USDT. If the set buying price differs significantly from the market price, the order may not be filled immediately and will appear in the "Open Orders" section below.

② Market Price Purchase

Enter your buying volume or filled amount, then click on [Buy BTC]. The system will fill the order quickly at the market price, assisting you in purchasing Bitcoin. Please note that the minimum order amount is 5 USDT.

③ Stop-limit

Utilizing stop-limit orders enables you to predefine trigger prices, purchase amounts, and quantities. When the market price reaches the trigger price, the system will automatically execute a limit order at the specified price.

Let’s take the example of BTC/USDT, where the current market price of BTC stands at 27,250 USDT. Utilizing technical analysis, you anticipate that a breakthrough to 28,000 USDT will initiate an upward trend. In this scenario, you can employ a stop-limit order with a trigger price set at 28,000 USDT and a buying price set at 28,100 USDT. When the Bitcoin price reaches 28,000 USDT, the system will promptly place a limit order to purchase at 28,100 USDT. The order may be executed at the limit price of 28,100 USDT or at a lower price. It’s important to note that 28,100 USDT represents a limit price, and in cases of rapid market fluctuations, the order may not be filled.

Trade Bitcoin on MEXC [App]

Step 1: Log in to the MEXC App and tap on [Trade].

Step 2: Select the order type and trading pair. You can select one of the three following order types: ① Limit ② Market ③ Stop-limit. These three order types have different characteristics. 

① Limit Price Purchase

Enter your ideal buying price and buying quantity, then click on [Buy BTC]. Please note that the minimum order amount is 5 USDT. If the set buying price differs significantly from the market price, the order may not be filled immediately and will appear in the "Open Orders" section below.

② Market Price Purchase

Enter your buying volume or filled amount, then click on [Buy BTC]. The system will fill the order quickly at the market price, assisting you in purchasing Bitcoin. Please note that the minimum order amount is 5 USDT.

③ Stop-limit

By using stop-limit orders, you can pre-set trigger prices, buying amounts, and quantities. When the market price reaches the trigger price, the system will place a limit order at the specified price.

Taking BTC/USDT as an example and consider the scenario where the current market price of BTC is 27,250 USDT. Based on technical analysis, you anticipate that a price breakthrough of 28,000 USDT will initiate an upward trend. You can employ a stop-limit order with a trigger price set at 28,000 USDT and a buying price set at 28,100 USDT. Once the Bitcoin price reaches 28,000 USDT, the system will immediately place a limit order to buy at 28,100 USDT. The order might be filled at the price of 28,100 USDT or lower. Please note that 28,100 USDT is a limit price, and if the market fluctuates too rapidly, the order might not be filled.

Step 3: Take placing a market order with the BTC/USDT trading pair as an example. Tap on [Buy BTC].

MEXC Trading Features and Benefits

MEXC is a cryptocurrency exchange platform that offers a range of trading features and benefits for both beginners and experienced traders. Here are some of the key features and advantages of using MEXC for cryptocurrency trading:

1. Global Presence: MEXC maintains a worldwide presence and serves users from various regions, providing access to a diverse and international trading community.
2. User-Friendly Interface: With its user-friendly and intuitive trading interface, MEXC is well-suited for beginners, offering straightforward charts, order options, and technical analysis tools for easy comprehension.

3. Wide Range of Cryptocurrencies: MEXC provides access to a diverse selection of cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), and BNB, as well as a wide range of altcoins. This extensive asset selection allows traders to diversify their portfolios.

4. Liquidity: MEXC has earned a reputation for its liquidity, which guarantees that traders can execute orders with minimal slippage, a crucial benefit, especially for individuals involved in substantial trades.

5. Various Trading Pairs: MEXC offers a wide range of trading pairs, including crypto-to-crypto and crypto-to-fiat pairs. This variety allows traders to explore different trading strategies and take advantage of market opportunities.

6. Advanced Order Options: Experienced traders can benefit from advanced order types, such as limit orders, stop-limit orders, and trailing stop orders. These tools enable traders to automate their strategies and manage risk effectively.

7. Margin Trading: MEXC provides margin trading opportunities, enabling traders to increase their market exposure. Nevertheless, it’s crucial to acknowledge that margin trading entails elevated risk and should be approached with prudence.

8. Low Fees: MEXC is recognized for its cost-efficient fee arrangement. The platform provides traders with notably low trading fees, with additional discounts available to users who possess the MEXC exchange token (MX).

9. Staking and Incentives: MEXC frequently offers users the chance to stake their cryptocurrency assets or engage in diverse reward initiatives, enabling them to generate passive income or receive bonuses contingent on their trading engagement.

10. Educational Resources: MEXC provides a wealth of educational resources, encompassing articles, tutorials, and webinars, designed to assist traders in enhancing their understanding and refining their trading abilities.

11. Responsive Customer Support: MEXC offers customer support services to assist users with their inquiries and concerns. They typically have a responsive customer support team available through multiple channels.
12. Security: Security is a top priority for MEXC. The platform employs industry-standard security measures, including two-factor authentication (2FA), cold storage for digital assets, and regular security audits to protect users’ funds and data.

How to Withdraw from MEXC

How to Sell Crypto via Bank Transfer - SEPA on MEXC?

In this guide, you’ll discover a comprehensive step-by-step walkthrough on selling cryptocurrency through SEPA to your bank account. Prior to initiating your fiat sale, kindly ensure that you have completed the Advanced KYC process.

Step 1

1. Click on "Buy Crypto" in the upper navigation bar, then choose "Global Bank Transfer".

2. To start a Fiat Sell transaction, simply click on the "Sell" tab. You are now ready to proceed.


Step 2: Add Receiving Account. Complete your bank account information before you proceed further for Fiat Sell.

Note: Ensure that the bank account you’ve added bears the same name as the one in your KYC documentation.

Step 3

1. Select EUR as the Fiat currency for the Fiat Sell order.
2. Choose the Payment Account that you intend to receive payment from MEXC.
3. Proceed to click on Sell Now and you will be redirected to the Order page.

Note: The real-time quote changes based on the reference price, and the selling rate for fiat is determined using a managed floating exchange rate system.



Step 4

1. To continue with the process, please confirm the order details in the Confirmation pop-up box. Once verified, click on "Submit" to proceed further.
2. Please input the Google Authenticator 2FA security code, consisting of six digits, which should be obtained through your Google Authenticator App. Afterward, click the "[Yes]" option to proceed with the Fiat Sell transaction.

Step 5: Your Fiat Sell transaction has been successfully processed! You can expect the funds to be credited to your designated Payment Account within 2 business days.

Step 6: Check the Orders tab. You may view all of your previous Fiat transactions here.

Application Rules

1. This is an inner test feature. Early access is only available for some inner test users.
2. The service is only available to KYC users in the supported local jurisdictions.
3. Fiat Sell Limit: 1,000 EUR per transaction per day.

Supported European Countries

• Fiat Sell via SEPA: United Kingdom, Germany

How to Sell Crypto via P2P Trading from MEXC?

Sell Crypto via P2P Trading from MEXC [Web]

Step 1: Accessing P2P Trading

Begin the P2P (Peer-to-Peer) trading process by following these steps:

1. Click on "[Buy Crypto]".
2. Select "[P2P Trading]" from the options presented.

Step 2: Add Payment Method

1. Click on "More" in the upper right corner, followed by selecting "User Center" on the drop-down list.

2. Next, click on "Add Payment Method".

3.  Choose the "Fiat" you intend to trade and the correspondence supported payment methods will be displayed under the drop-down list. Then, choose a preferred Payment Method from the available payment options. Enter the required information and click "Add"

You’re all set!

Step 3: Confirm Order Information based on your transaction needs

1. Choose P2P as your transaction mode.
2. Click on the "Sell" tab to access the available advertisements (Ads).
3. From the list of available cryptocurrencies, including [USDT], [USDC], [BTC], and [ETH], select the one you intend to sell.

4. Under the "Advertiser" column, pick your preferred P2P Merchant. 

Note: It’s crucial to verify the supported payment methods provided by the advertisements (Ads) you have selected.

Step 4: Fill in Information about Selling

1. Click the "Sell USDT" button to open the selling interface.

2. In the "[I want to sell]" field, input the amount of USDT you intend to sell.

3. Alternatively, you can specify the quantity of fiat currency you wish to receive in the "[I will receive]" field. The actual receivable amount in Fiat Currency will be automatically calculated, or you can enter it and vice versa.

4. After completing the steps above, don’t forget to mark the "[I have read and agree to MEXC Peer-to-Peer (P2P) Service Agreement]" box. You will then be directed to the Order page.

Note: In the "[Limit]" and "[Available]" columns, P2P Merchants have provided information on available cryptocurrencies for sale, as well as the minimum and maximum transaction limits in fiat currency for each Ad.

Step 5: Confirm Order Information and Complete Order

1. On the Order page, the P2P Merchant has a 15-minute window to complete the payment to your designated bank account.

2. It’s crucial to carefully review the Order Information. Make sure that your account name, as shown in the Collection method, matches the name registered on your MEXC account. If the names do not match, the P2P Merchant may reject the order.

3. Utilize the Live Chat box for real-time communication with the merchants, simplifying communication throughout the transaction.

Note: When selling cryptocurrency via P2P, the transaction will exclusively be processed through your Fiat account. Ensure that you have sufficient funds in your Fiat account before initiating the transaction.

4. Once you’ve successfully received your payment from the P2P Merchant, please check the box [Payment Received];

5. Click on [Confirm] to proceed with the P2P Sell order;

6. Enter the six (6)-digit Google Authenticator 2FA security code, which can be obtained from your Google Authenticator App. Finally, click on the "[Yes]" button to finalize the P2P Sell transaction.

7. You’re all set! The P2P Sell order is now completed.

Step 6: Check Your Order

Check the Orders button. You may view all of your previous P2P transactions here.

Sell Crypto via P2P Trading from MEXC [App]

Step 1: To get started, click on "[More]" then select "[Common Function]" and choose "[Buy Crypto]".

Step 2: Add Payment Method

1. In the top right corner, click on the Overflow menu.

2. Check the User Center button.

3. Next, click on "Add Payment Methods".

4. Choose the "Fiat" you intend to trade and the correspondence supported payment methods will be displayed under the drop-down list. Then, choose a preferred Payment Method from the available payment options. Enter the required information and click "Add".

You’re all set!

Step 3: Confirm Order Information based on your transaction needs

1. Choose P2P as your transaction mode.

2. Click on the "Sell" tab to access the available advertisements (Ads).

3. From the list of available cryptocurrencies, including [USDT], [USDC], [BTC], and [ETH], select the one you intend to sell.

4. Under the "Advertiser" column, pick your preferred P2P Merchant.

Note: It’s essential to verify the supported payment methods offered by the advertisements (Ads) you have chosen before proceeding.

Step 4: Fill in Information about Selling

1. Click the "Sell USDT" button to open the selling interface.

2. In the "[I want to sell]" field, input the amount of USDT you intend to sell.

3. Alternatively, you can specify the quantity of fiat currency you wish to receive in the "[I will receive]" field. The actual receivable amount in Fiat Currency will be automatically calculated, or you can enter it and vice versa.

4. After completing the steps above, don’t forget to mark the "[I have read and agree to MEXC Peer-to-Peer (P2P) Service Agreement]" box. You will then be directed to the Order page.

Note: In the "[Limit]" and "[Available]" columns, P2P Merchants have provided information on available cryptocurrencies for sale, as well as the minimum and maximum transaction limits in fiat currency for each Ad.

Step 5: Confirm Order Information and Complete Order

1. On the Order page, the P2P Merchant has a 15-minute window to complete the payment to your designated bank account.
2. Check the Order Information. Please ensure that your account name displayed on the Collection method matches your MEXC registered name. Otherwise, the P2P Merchant may reject the order;
3. Utilize the Live Chat box for real-time communication with the merchants, simplifying communication throughout the transaction.
4. Once you’ve successfully received your payment from the P2P Merchant, please check the box [Payment Received];
5. Click on [Confirm] to proceed for the P2P Sell order;

6. Enter the six (6)-digit Google Authenticator 2FA security code that has to be accessed via your Google Authenticator App. Next, click on [Yes] to finish the P2P Sell transaction.

7. You’re all set! The P2P Sell order is now completed.

Note: Selling crypto via P2P will only be processed via the Fiat account so please ensure that your funds are in your Fiat account before starting the transaction.

Step 6: Check Your Order

1. In the top right corner, click on the Overflow menu.
2. Check the Orders button.
3. You may view all of your previous P2P transactions here.

How to Withdraw Crypto on MEXC?

You can use the withdrawal feature on MEXC to transfer your crypto assets to your external wallet. Moreover, you can seamlessly transfer funds between MEXC users through the internal transfer feature. Here, we will provide you with a step-by-step guide for both operations.

Withdraw Crypto on MEXC [Web]

Step 1: To initiate a withdrawal on the MEXC website, begin by clicking on "[Wallets]" located in the top right corner, and then select "[Withdraw]".

Step 2: Select the crypto you want to withdraw.
Step 3: Complete the withdrawal process by following these steps:

1. Fill in the withdrawal address.
2. Select the appropriate network.
3. Input the withdrawal amount.
4. Double-check that all details are accurate.
5. Click on the "[Submit]" button to confirm the withdrawal.

Step 4: Fill in the email verification and Google Authenticator codes, and click on [Submit].

Step 5: Wait for the withdrawal to be completed successfully.

Withdraw Crypto on MEXC [App]

Step 1: Open the app and tap on "[Wallets]" located in the bottom right corner.

Step 2: Tap on [Withdraw].

Step 3: Select the crypto you want to withdraw.

Step 4: Fill in the withdrawal address, select the network, and fill in the withdrawal amount. Then, tap on [Confirm].

Step 5: Read the reminder, then tap on [Confirm].

Step 6: After verifying that the details are correct, tap on [Confirm Withdrawal].

Step 7: Fill in the email verification and Google Authenticator codes. Then, tap on [Confirm].

Step 8: Once the withdrawal request has been submitted, wait for the funds to be credited.
 

Here are some important points to keep in mind when making a withdrawal:

1. Choose the Correct Network: If you’re withdrawing a cryptocurrency that supports multiple chains like USDT, ensure you select the appropriate network when making the withdrawal request. Choosing the wrong network can result in issues.

2. MEMO Requirement: If the withdrawal crypto requires a MEMO, be sure to accurately copy the correct MEMO from the receiving platform. Failing to do so could lead to the loss of your assets during the withdrawal.

3. Verify the Address: After entering the withdrawal address, if the page indicates that the address is invalid, double-check the address for accuracy. If you’re unsure, reach out to our online customer service for assistance.

4. Withdrawal Fees: Keep in mind that withdrawal fees vary for each cryptocurrency. You can view the specific fees after selecting the cryptocurrency on the withdrawal page.

5. Minimum Withdrawal Amount: On the withdrawal page, you can also find information about the minimum withdrawal amount for each cryptocurrency. Be sure your withdrawal meets this requirement.

Withdraw Crypto through Internal Transfer on MEXC [Web]

Step 1: On the MEXC website, click on [Wallets] located in the top right corner, and then select [Withdraw].

Step 2: Select the crypto you want to withdraw.

Step 3: Select [Transfer to MEXC users]. Currently, you can transfer using an email address, mobile number, or UID. Fill in the details of the receiving account.

Step 4: Fill in the corresponding information and the transfer amount. Then, click on [Submit].

Step 5: Fill in the email verification and Google Authenticator codes, and then click on [Submit].

Step 6: The transfer will have been completed. Please be aware that internal transfers are currently not available on the app.

Withdraw Crypto through Internal Transfer on MEXC [App]

1. Open your MEXC app, and click on [Wallets].

2. Tap on [Withdraw].

3. Select the crypto you want to withdraw. Here, we use USDT as an example.

4. Select [MEXC Transfer] as the withdrawal method.

5. You can currently transfer using a UID, mobile number, or email address.

Enter the information below and the amount of the transfer. After that, select [Submit].

6. Check your information and tap [Confirm].

7. Enter the email verification and Google Authenticator codes. Then, tap on [Confirm].

8. After that, your transaction has been completed.

You can tap on [Check Transfer History] to view your status.

Things to Note

• When withdrawing USDT and other cryptos supporting multiple chains, ensure the network matches your withdrawal address.
• For Memo-required withdrawals, copy the correct Memo from the receiving platform before inputting it to prevent asset loss.
• If the address is marked [Invalid Address], review the address or contact Customer Service for assistance.
• Check withdrawal fees for each crypto in [Withdraw] - [Network].
• Find the [Withdrawal fee] for the specific crypto on the withdrawal page.
   

Conclusion: Trading and Withdrawing on MEXC for Financial Empowerment

Engaging in cryptocurrency trading and executing withdrawals on MEXC signifies efficient management and utilization of digital assets. By adeptly navigating trades and withdrawing funds, users secure control over their investments, allowing for strategic decision-making and potential growth within the crypto market.