Are you interested in the cryptocurrency market and want to participate in trading different coins? Are you looking for a reputable, safe, and fast exchange to buy and sell coins? If so, you should not ignore MEXC. This is one of the leading cryptocurrency exchanges in the world today. In this article, MEXC Trading will guide you on how to buy coin on MEXC easily and effectively.
Information traders need to know before doing how to buy coins on MEXC
Before starting to trade or buy coins on the exchange. Traders will need to answer questions such as where is MEXC exchange located. Is MEXC reputable? Let’s answer in the content below.
General information about the MEXC exchange
MEXC stands for Multi-Exchange Xchange Co. It is a centralized cryptocurrency exchange founded in 2018 and registered in Seychelles. MEXC has millions of users from more than 100 countries and territories. The exchange has operating licenses in countries such as Australia, Estonia, and the United States,…
MEXC provides diverse trading services. Including spot trading, margin, futures, leveraged ETFs, index ETFs, quantitative trading, and more. MEXC exchange also supports NFT, DeFi, GameFi, and Metaverse areas. And launch new crypto projects quickly and efficiently.
What trading products does the MEXC exchange have?
MEXC has many trading products to serve the needs of different traders. Below are some main products traders can refer to besides how to buy coin on MEXC :
- Spot trading. Is the most traditional and popular form of trading. Allows you to buy and sell different types of coins on the market at current prices.
- Margin trading. This is a form of trading that allows you to borrow money from the exchange to increase your trading ability. You can choose different margin rates. Thereby it is possible to earn higher profits in the market.
- Trade leveraged ETFs. This is a form of trading that allows you to buy and sell exchange-traded funds (ETFs). With leverage from 3x to 50x. You can make profits when the market goes up or down.
- Trade index ETFs. This is a form of trading that allows you to buy and sell exchange-traded funds (ETFs) of cryptocurrency indices. Including DeFi, NFT, Metaverse, and many more indices. You can trade index ETFs without having to buy individual coins. At the same time, it is possible to monitor the trends of different cryptocurrency regions.
- Quantitative trading. This is a form of trading that allows you to use pre-built quantitative trading strategies on the MEXC exchange. You can choose strategies like Grid Trading, and Dual Currency Investment.
Products traded on MEXC
>>See more: MEXC – The world’s leading cryptocurrency exchange
Types of accounts available on MEXC trade
MEXC has four different accounts for you to choose from including Spot, Futures, Fiat, and Copy Trade. Traders can refer to choosing how to buy coin on MEXC :
- Spot Account. This is the account used for Spot trading on MEXC. When you buy and sell coins at the current market price, the Trader will use cryptocurrency assets in this Spot account.
- Futures account. This is the account used to trade Futures on MEXC. When you buy and sell futures contracts of coins. Including USDT-M and Coin-M. The trader will use crypto assets in this Futures account.
- Fiat account. This is the account used to deposit and withdraw money. When you exchange Fiat currency for cryptocurrency or vice versa. These transactions will be performed through this Fiat account.
- Copy Trade Account. This is a type of Futures trading on MEXC that allows you to imitate other professional traders. When a trader opens a trading position, the system will automatically place orders for you according to the same strategy as the trader. You will have to share part of the profits with the trader. When you participate in Copy Trade, the assets related to this trade will be saved in your Copy Trade account. You need to note that Copy Trade is part of Futures trading. But there is a separate account.
Quality of transactions on the MEXC exchange
MEXC has high trading quality and is trusted by many traders. Below are some factors showing the trading quality of MEXC:
- Safety and security: MEXC has strict security measures. Includes two-factor verification, SMS confirmation codes, email confirmation codes, and many other layers of protection.
- Fast and stable: MEXC has a modern and advanced trading system that can process more than 1.4 million trading orders per second. MEXC exchange also has low latency and high stability. At the same time, the MEXC withdraw service always takes place quickly.
- Diverse and rich products: MEXC exchange has many types of coins and trading products for you to choose from. Suitable for all levels of experience and preferences.
Is buying MEXC coins reputable?
MEXC has a high reputation in the cryptocurrency community, with more than 10 million users from more than 100 countries and regions. MEXC always complies with the legal regulations of the markets in which they operate and has security certifications such as ISO/IEC 27001, ISO/IEC 27701, NIST CSF, and CCSS. MEXC also has a multi-layered security system, including SSL encryption, two-factor verification, anti-DDoS protection, and inflation margin.
Instructions on how to buy coin on MEXC are the simplest
To buy coins on MEXC, you need to follow these steps.
Step 1: Visit the MEXC homepage and log in to your account: https://www.mexc.com. Then select Buy Crypto on the toolbar.
Step 2: Choose the appropriate form of buying crypto. Then enter the amount of crypto to buy and select the currency you want to trade.
Step 3: Proceed to payment. For the bank transfer method, Traders can use a VISA or Master Card to complete payment.
>>See more: MEXC account creation is detailed and simple for beginner
What should traders keep in mind when using how to buy coin on MEXC?
Once you know how to buy cryptocurrency on the exchange. Traders also need to note the following things to trade safely and effectively.
Understand the deposit and withdrawal regulations on MEXC trade
Each type of coin on MEXC has its regulations regarding minimum and maximum quantity, deposit and withdrawal fees, and processing time. You should carefully check this information before depositing or withdrawing money to avoid unnecessary trouble. You can view these rules by clicking the “Deposit” or “Withdrawal” button in the upper right corner. And select the coin you want to deposit or withdraw.
Secure account information and MEXC coin wallet
You should secure your MEXC coin wallet and account information by using the security features provided by the exchange. Includes two-factor verification, PIN codes, IP locks, etc. You should also regularly change your passwords and not share personal information with anyone. Additionally, you should keep your wallet address safe and accurate. Thereby avoiding confusion or loss when sending or receiving money.
Be careful with false rumors and fake MEXC trade scams
You should be alert and cautious of false rumors or fake MEXC trade scams. Including websites, apps, emails, messages, calls, etc. There is content that requires you to provide personal information, passwords, verification codes, wallet addresses, etc. You should only access the MEXC official website.
In this article, MCrypto has shown you how to buy coin on MEXC in detail and simply. Traders have learned basic information about MEXC, its trading products, account types available on the exchange, and the quality of transactions on the exchange. You also know the steps to deposit money, buy coins, check your balance, and withdraw money on MEXC. Hopefully, this article will help traders have the best trading experience on MEXC.
FAQ
What is MEXC?
MEXC stands for Multi-Exchange Xchange Co. It is a centralized cryptocurrency exchange founded in 2018 and registered in Seychelles. MEXC has millions of users from more than 100 countries and territories.
Is buying MEXC coins reputable?
MEXC has a high reputation in the cryptocurrency community, with more than 10 million users from more than 100 countries and regions. MEXC always complies with the legal regulations of the markets in which they operate. Also has security certifications. Such as ISO/IEC 27001, ISO/IEC 27701, NIST CSF, and CCSS.
How many types of accounts are there on MEXC trade?
MEXC has four different accounts for you to choose from including Spot, Futures, Fiat, and Copy Trade.
