When MEXC exchanges p2p, you have the right to set a price and wait for others to buy at the price you have offered. This is a strategy to earn more profits for investors. However, there are still many new players wondering how to trade P2P on MEXC. The article below from MCrypto will help you understand P2P and guide you on the most effective P2P trading. Follow along below!
What is MEXC exchange p2p?
Learn about MEXC exchange P2P
MEXC exchange p2p (MEXC Global) is a form of direct transaction between users. There is no need for the intervention of a third party, such as a bank or financial intermediary. P2P stands for “Peer-to-Peer,” meaning direct exchange between individuals or users. P2P MEXC allows users to buy and sell cryptocurrencies. They do this by placing orders on the MEXC platform and interacting directly with each other to make transactions.
One of the main strengths of P2P trading is its immediacy. Users can interact directly with each other. Determine the price and trading conditions as you wish without having to go through a third party. This creates flexibility in transactions and helps reduce dependence on intermediaries.
Advantages of choosing MEXC exchange p2p
Just like the advantages of joining the MEXC Affiliate program, with P2P transactions, users will receive some advantages as follows:
- Safety: MEXC P2P provides a safer trading environment. Because transactions are made directly between users. They don’t need to trust third parties. MEXC exchange provides security systems and encryption technology. Aims to protect users’ information and assets.
- Cryptocurrency diversification: MEXC P2P often supports many different cryptocurrencies. This allows users to buy and sell various virtual currencies on the same platform.
- Self-management of transactions: Users have full control over their transactions on MEXC P2P. Including setting prices, choosing payment methods, and determining trading conditions.
- Ability to trade everywhere: With MEXC P2P, users can trade cryptocurrencies with users from all over the world. This expands trading opportunities and increases liquidity.
- Low transaction fees: MEXC often charges lower transaction fees than many other intermediary services. Information on specific fees can be found on the MEXC website.
Note that before joining MEXC exchange p2p or any other exchange, you should learn about the platform’s regulations, restrictions, and security. To ensure a clear understanding of the rules and risks associated with cryptocurrency trading.
>>See more: MEXC Exchange – The world’s leading Crypto exchange
Detailed instructions on how to exchange p2p with MEXC
Instructions for buying cryptocurrency on MEXC exchange p2p
Visit the homepage at MEXC homepage: https://www.mexc.com.
Select P2P trading in the Buy Crypto section
In [P2P Market], select the fiat currency you want to use in trading (we will take MYR as an example here). Next, search for the seller that suits your purchasing needs in the seller list and click [Buy].
Enter the amount of USDT you want to buy or the total amount you want to pay (the system will automatically calculate the corresponding amount or total), then click [Place Order].
Transfer the corresponding amount to be paid to the seller’s bank account. Once you have made the transfer, you can return to the transaction page and click “Payment completed”.
You can check your order status in the “Latest orders” section.
Please be patient, your USDT will be transferred to your account within 15 minutes. Please avoid clicking “Cancel order” in the meantime.
Detailed instructions on how to sell cryptocurrency on MEXC
Similar to when buying, you access the home page at the https://www.mexc.com
Select P2P trading in the Buy Crypto section
The [P2P Market] page allows you to learn the fiat currency you want to use in trading. After selecting the currency, click [Sell].
>>>See more: MEXC account creation is detailed and simple for the beginner
What are the things to keep in mind when MEXC exchange p2p?
Fiat transactions will not be automatically deducted from your bank account. After you have placed the order, check the transfer information from the seller. Use your Internet Banking or Digital Banking service to make the transfer. Make sure you only use your account for payments. Because using an account that does not belong to you may result in non-identification. This may affect the unlocking of USDT.
When are MEXC exchange p2p, if you have completed the payment, please click “Payment Completed” and wait for the seller to unlock the USDT. Please do not click “Cancel order” in the meantime. Because if you do that, USDT will not be issued.
Seller account information will be updated specifically from time to time. Before making a transfer, users should check the seller’s bank account information to ensure that it is up to date.
All recorded USDT will appear in your Fiat Account. You need to transfer them to a Spot Account to make trades.
Conclude
In this article, MCrypto has provided information about MEXC exchange p2p. At the same time, the advantages of P2P services have also been introduced. Hopefully, with the above information, users will have a deeper look at P2P on MEXC. On MEXC, P2P trading represents one of the modern and flexible ways. From there you can buy and sell cryptocurrencies and earn profits effectively.
FAQ
Are P2P merchants on MEXC trustworthy?
All sellers on MEXC’s P2P platform have made a deposit payment. At the same time, MEXC’s verification process has also been completed. MEXC has made every effort to ensure a safe trading experience. Since then it has not caused any problems. If you have additional questions or other requests, please contact MEXC’s online customer service department.
How many times can I cancel a P2P order on MEXC in a day?
As a general rule, customers are allowed to cancel up to three orders per day. Done before there is a temporary limit on P2P trading for the next 24 hours.
I didn’t make a payment, but I accidentally clicked “I made a payment,” what should I do?
Please contact the seller through the chat system to cancel your order. Please note that MEXC is not responsible for customer negligence. Besides, Please check carefully before confirming your order.
