MEXC is a well-known crypto platform. It has being in existence since 2018. It has grown and expanded into more 170 countries. It’s estimated that MEXC is used by almost 40 million individuals. MEXC is known for having new and rare coins before other big crypto sites.
MEXCis differentfrom other crypto platforms. In MEXC platform, users can find almost 3,000 various coins. This is a whole lot unlike what most simliar crypto sites have.
With this, let’s check out MEXC and all MEXC supported countries.
What is MEXC?
MEXC is a big crypto platform for trading cryptocurrencies. Traders can buy and sell thousands of digital coin on MEXC.
MEXC platform offers the following services.
- Buy and Sell Coins: Spot trading is the usual trading activity in every crypto platform. Traders buy coins and store them in their account. They usually wait for an opportunity when the coins increases in price. Once the price fluctuates, they sell it quickly to make more profit.
- Trade for Free: Most trades on MEXC platform are free. For instance, a trader may place an order at a certain price, while waiting for a suitable match. This enables users to save more money rather than paying the exchange fee.
- Practice Demo Trading: New traders who’re afraid of losing their real money, can use a demo account. This account allows you to make trades with fake money before using your cash. With this, traders can practice and understand how buying and selling of crypto in the marketplace works.
- Copy Trading: If you’re uncertain on which coins to buy, you can use the ‘Copy Trading’ tool. It enables you to see successful traders, the coins they used in making trades. Just click on the tool, and your account will instantly duplicate the exact things they did that make them successful. You can then follow the pattern, trade and make some profits.
- Futures Trading: This is known as leveraging. It’s more like borrowing money from the platform to support your trade. However it comes with risks. You can make more money or lose all. This is totally dependent on the outcome of the trade.
- Earn Interest on MEXC: You can put your unused coins on hold in MEXC savings account. You’ll receive small amount of coins daily as a reward.
- Free New Coins: If you’re holding the MX Token, you can sometimes get free new coins. The platform occasionally gives it out to committed users as a reward. users.
- Automated Trading: Traders can set up a ‘Trading Bot’ and instruct it on what to do. It will automatically carry out trading activities even when you’re not there.
How MEXC Works
Traders in MEXC available countries can create an account, fund it and start investing on the platform. To register, traders must do the following.
Account and Security
- Sign up MEXC website. You can also download the app on your mobile. You can register with your phone number or email address. MetaMask, Google, Apple users can also join MEXC through these platforms.
- You’ll be asked to use the Two-Factor Authentication (2FA) to protect your account.
- You can perform the basic crypto trading activities, without undergoing the verification process. However, Know Your Customer (KYC) verification must be done if you want to use cash to buy coins or use other advanced features. In addition, your personal information and a photo ID is required for this process.
Funding Your Account
- To make crypto deposits, go to wallet. Then select your cryptocurrency and choose the right network. Copy the address where the crypto will be sent to. However, if you select the wrong network, you’ll lose your funds permanently.
- You can also use the quick buy / sell button to add funds into your account through cards, Google or Apple Pay.
- Traders can buy crypto directly from people using mobile money or bank.
Trading on MEXC
- You can spot trade by holding your assets. Set your price, then sell it when the price increases.
- Trade on futures, use leverage to increase your trade. However, you need to be careful about the risk involved.
- Use copy trading to learn from top-performing traders and how they did it.
Passive Income (MEXC Earn)
- Lock you funds and earn daily from MEXC.
- Have a reasonable funds in MX tokens, and receive free tokens.
- When you stake SOL, you’ll receive a MXSOL, a liquid token that grows over time.
Withdrawing Funds
- To withdrawal, type in the receiving crypto address. Choose the network, enter your 2FA and confirm the transaction.
- You can make a free internal fund transfer to another MEXC user through their email.
- MEXC doesn’t always allow direct bank withdrawals. Most MEXC users transfer crypto to other exchange platforms like Binance or Coinbase. Or they use P2P to sell their crypto to other users in exchange for local currency.
List of MEXC Supported Countries:
- Europe: Germany, France, Poland, Greece, Italy, Spain, Netherlands and Switzerland.
- Oceania: Australia and New Zealand.
- Asia: Vietnam, Thailand, Taiwan, United Arab Emirates, Saudi Arabia, Qatar and Thailand.
- Latin America: Brazil, Mexico, Argentina, Chile and Colombia.
- Africa: Nigeria, Egypt, Kenya, Ghana and South Africa.
You can always visit the website for the full list of MEXC Supported Countries.
List of MEXC Supported States in the USA
There are no states in the United States where traders can access MEXC services. MEXC isn’t available in the U.S. because the country has tough regulations on the use of cryptocurrency. Until any crypto platform fulfills the requirements, including in state-level ones, they won’t be allowed in the country. However, traders in the U.S can sign up on crypto platforms like Bitget, Coinbase or Kraken that are already operating in the country.
MEXC Alternatives:
- Bybit
- PrimeXBT
- Bitget
- KuCoin
- Gate.io
- BitMart
- Hyperliquid
- Kraken
- Coinbase
Conclusion
Cryptocurrency is another way to invest in digital assets, expecting it will increase in value in the future. People invest in crypto for different reasons. Some want to spread their investments. Others want to take advantage of the market and make lots of profits. While some prefer to use crypto in making transactions because of the low fee, e.t.c.
In addition, some crypto platforms have more trading features than others. That’s why MEXC is that platform everyone is looking for. MEXC is one of the best when it comes to low fees, advanced trading features and more.
MEXC usually get early access to new coins. That means, you can get new coins and tokens quicker before they get to other crypto sites.
MEXC can be used by both professional traders and beginners. However, only people in MEXC supported countries can enjoy all the goodness MEXC has to offer.
Traders in the United States can trade on Kraken or any crypto platform that is generally available in the United States.