How to Trade Crypto on MEXC

How to Trade Spot on MEXC

Trade Crypto 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 Crypto 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.

 

Conclusion: MEXC is a reputable and user-friendly platform for trading

MEXC offers a user-friendly platform with a wide range of cryptocurrencies, competitive fees, high liquidity, and advanced trading options like margin trading. Additionally, the platform prioritizes security, protecting your assets with industry-standard measures.

As a beginner, it’s important to start small, practice sound risk management, and never invest more than you can afford to lose. Trading is a journey that requires ongoing education and experience. Remember that markets can be highly volatile, so always conduct thorough research and seek advice if needed.

With dedication and a commitment to learning, you can navigate the exciting world of cryptocurrency trading on MEXC and potentially find success in this ever-evolving market.