How to Use MEXC Exchange?

You’ve probably come across MEXC in your search for a reliable exchange alongside names like Binance and Bybit. When checking out the platform, you might find yourself intrigued yet confused about where to start. Don't worry—I’ve rolled up my sleeves and put together a simple step-by-step guide on how to use MEXC for beginners to help you get started.

That said, if you’re already a veteran who recently discovered the exchange, you’ll find something here, too. So, whether you’re buying your first coin or diving into more advanced products like derivatives, I’ve got you covered with this easy-to-follow MEXC tutorial.

Without further ado, let's just jump into it!

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What You Should Know Before Using MEXC

If you’re eager to learn how to use MEXC, you can go ahead and skip to the next section. But there are a few important things you should know beforehand: its regional availability, verification process, pricing, and security measures. So, let’s quickly tackle some common questions about these topics.

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What Countries Can Use MEXC?

MEXC operates in over 170 countries, making it one of the most widely accessible crypto exchanges out there. Thanks to this global reach and its localized language support, millions of users benefit from a high-performance trading engine with high liquidity.

That said, MEXC isn't available everywhere. Legal and regulatory restrictions prevent users in certain locations from accessing the platform. These restricted countries include:

North Korea, Cuba, Sudan, Syria, Hong Kong, Iran, Mainland China, Singapore, the US, the UK, Canada, Sevastopol and Russian-controlled regions of Ukraine (Crimea, Donetsk, and Luhansk).

If you're located in one of these regions, you won’t be able to register or verify your account, which limits access to the exchange's full features. For instance, if you’re wondering, “Can you use MEXC in the US for trading futures or earning passive income?” the answer is no, you can't.

That said, you can still visit MEXC’s website to explore its informational resources. You can access the platform through your browser to check out market data, see which crypto pairs are popular, or look at what the future might hold for specific coins.

Many people hoping to discover how to use MEXC in the US with full-feature access might think about using a VPN to get around these restrictions.^[1] While it sounds tempting, this approach has its share of risks, such as:

• Having your account frozen
• Getting banned from the platform
• Potentially losing your investments

These consequences can be pretty serious, so it’s important to think it through before trying out any workarounds. Always weigh the risks before making a decision.

Does MEXC Require KYC?

Yes, MEXC requires you to complete KYC. Generally, there are two levels: Primary and Advanced.

Primary KYC is pretty simple to complete. You provide your personal information, upload a valid ID, and wait for the process to complete. In contrast, the Advanced level is more detailed and requires a facial recognition check.

If you complete Primary KYC, you can withdraw up to 80 BTC within 24 hours. With Advanced KYC, this limit increases to 200 BTC, and you gain access to more advanced features like OTC trading.

MEXC accepts passports, driver’s licenses, and ID cards for verification. Just make sure your documents are valid and not expired. Also, don't forget to double-check what countries can use MEXC legally to avoid any issues during the process (you can scroll up a bit to see the restricted countries list).

Note that this process applies to personal accounts. If you’re representing a business, MEXC also offers institutional services that require a more comprehensive verification process. This involves additional documentation, such as corporate registration and board resolutions. Since it’s more involved than personal KYC, it’s a good idea to refer to the MEXC tutorial center for step-by-step guidance.

Now, you might be asking, "How to use MEXC without completing the verification process?". Well, you can technically skip it and sign up for an account. But your access will be heavily restricted.

Ultimately, if you’re serious about fully understanding how to use MEXC and its full features, you’ll need to complete the KYC process down the line (don’t worry, I’ll guide you through the steps in a later part).

How Do MEXC Fees Work?

When it comes to fees, MEXC keeps things pretty simple and affordable for traders. For spot trading, there’s a flat fee of 0.050% for both makers and takers. It’s quite a low rate in the market, so you can rest assured you're not overspending.

If you’ve already gotten the gist of how to spot trade on MEXC and are ready to jump into futures trading, the platform offers 0% fees for makers and 0.020% for takers. These competitive rates can save you a significant amount over time, especially when combined with the platform's discounts (more on that shortly).

MEXC also features special trading pairs for both spot and futures, some of which come with 0% maker and taker fees. Examples include:

• Spot Pairs: XRP/EUR, DOGE/EUR, BTC/EUR, ADA/EUR, ADA/EUR, PEPE/EUR
• Futures Pairs: APT/USDT, DOGS/USDT, NOT/USDT, KAS/USDT, KAS/USDT

Keep in mind that these zero-fee pairs can change, so it’s a good idea to check MEXC’s fee schedule regularly if you’re targeting specific assets.

As for deposits, MEXC generally doesn’t charge any fees at all. That said, a few rare cases involving niche coins might have a small deposit fee. But for most users, this won't be a problem.

On the other hand, withdrawal fees depend on the cryptocurrency and the network used. Additionally, there's a minimum withdrawal limit to consider.

For example, withdrawing Bitcoin via the BTC network requires a minimum withdrawal of 0.0002 BTC with a 0.00003 BTC fee, while withdrawing Ethereum via the ETH network requires a minimum of 0.003 ETH and incurs a fee of 0.0012 ETH.

Now, let’s get into discounts! You see, like some popular exchanges out there, the platform has its own native asset called MX token, which can be used to reduce trading fees.

How to use MEXC native token for discounts? It’s quite simple, actually. You only need to hold at least 500 MX tokens in your spot account for the past 24 hours to enjoy a 50% discount on your spot trading fees. 

The same discount applies to futures trading, too. By holding 500 MX tokens for 24 hours, you’ll unlock a 50% discount on futures fees. Keep in mind that these reductions are tied to specific accounts—main and sub-accounts don’t share privileges.

Overall, I think MEXC has a very competitive fee structure that stacks up well against other popular exchanges, making it an appealing choice for active traders looking for great rates and potential savings. If you're curious about how does MEXC work in terms of fees in more detail—or what is MEXC in general—you can check out this review.

How to Use MEXC Securely?

To use MEXC securely, you should take a few essential steps to protect your account and holdings. First, activate two-factor authentication (2FA). This adds an extra layer of security by requiring a second form of verification whenever you log in or make transactions.

I suggest using a third-party authenticator app, such as Google Authenticator, instead of using text messages for 2FA. Authenticator apps are safer since SMS can be vulnerable to SIM-swapping attacks.^[2] It's a small effort that can save you from significant trouble later.

You should also enable the anti-phishing code. Once set, this code appears in all official MEXC emails. It helps you know that the emails are legitimate and not fake phishing attempts.

For an added layer of protection, take advantage of MEXC's withdrawal whitelist feature. This tool lets you specify trusted wallet addresses for withdrawals, blocking any attempts to send your funds elsewhere. If anyone tries to bypass this, the withdrawal request will fail.

Speaking of wallets, consider keeping the majority of your holdings in a hardware wallet like Ledger Stax or Trezor Safe 5 if you're not actively trading. Hardware wallets provide offline storage that helps keep your cryptocurrencies safe from online hacks and unauthorized access.

Finally, make it a habit to review your account history regularly. Look at your recent login activity, monitor security logs, and review completed transactions. This practice can help you identify unusual behavior early on.

If you notice any suspicious login attempts, it’s best to freeze your account immediately. And if you run into any issues, don’t hesitate to check out the MEXC tutorial center on its website or reach out to its customer support team for assistance.

How to Use MEXC?

Now that you’re all caught up on the important details, let’s explore how to use MEXC step-by-step. If you skipped ahead to this section, make sure you’re familiar with key aspects like the exchange’s geographical availability, KYC process, security features, and fees before continuing.

Note that I wrote this "How to use MEXC for beginners" guide based on my experience using the desktop version. All the steps and screenshots you see are from the PC interface. So, if you’re following along on your computer, you’ll have no problem replicating the steps.

And don’t worry if you're wondering how does MEXC work on mobile. Once you get the hang of using it on the PC, you should find the mobile app just as easy to navigate. Everything is designed to be intuitive, so you’re in good hands regardless of the device you choose to use.

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How to Open a MEXC Account?

Let’s start by learning how to open a MEXC account. The process is as simple and intuitive as signing up for any other online platform:

Step 1: Visit MEXC's official homepage and click the [Sign Up] button on the corner.

Step 2:  A registration form will pop up. Just fill in the required details and click [Sign Up].

Step 3: Verify your email or phone number (depending on which one you used to register) by entering the 6-digit code.

That's it! You’ve now successfully learned how to open a MEXC account. But before you start exploring, I strongly suggest boosting your account’s security. If you need a refresher on what safety protocols to enable, feel free to check out the earlier section on "How to use MEXC securely."

How to Complete KYC?

As I mentioned earlier, you’ll need to complete the verification process to fully master how to use MEXC with all its features. Let’s start with the Primary level.

Primary KYC Level

Here’s how to get through the first verification step:

Step 1: Go to your account and click on [Identification].

Step 2: In the "Primary KYC" section, select [Verify via Web].

Step 3: Choose your country or region (where your ID was issued) and pick the type of document you’ll use, like:

• ID card
• Passport
• Driver’s license

Make sure the government-issued ID you’re uploading matches the requirements.

Step 4: Upload your documents and click [Submit for Review].

Now, sit back and wait—your documents will typically be reviewed within 24 hours. Pretty simple, right?

Once your Primary KYC is approved, you’ll enjoy higher withdrawal limits and a few extra perks. But why stop there? Let’s move on to Advanced KYC to unlock even more features!

Advanced KYC Level

Completing Advanced KYC gives you increased transaction limits and opens up additional features on MEXC. Here’s how to get it done:

Step 1: Head back to the [Identification] tab in your account, just like you did for Primary KYC. This time, click on [Verify via Web] under the "Advanced KYC" section.

Step 2: A pop-up window will appear with the steps you need to follow. Click [Start Verification] to begin.

Step 3: Similar to the Primary level, choose your country and select the type of document you’ll use for verification. Once you’ve uploaded your ID, click [Continue]. 

Step 4: Follow the facial recognition instructions by positioning your face in front of the camera. For the best results, make sure you’re in a well-lit area. After completing the scan, click [Submit for Review].

Congratulations! You’ve completed all the required KYC processes for personal use. Now, you’re ready to explore how to use MEXC with no major limitations and enjoy everything the platform has to offer!

How to Buy/Sell Crypto on MEXC?

With your account verified, you’re all set to learn how to buy crypto on MEXC for the first time! The platform keeps things simple with its handy "Buy Crypto" feature, which you’ll spot right on the main page.

When you hover on it, you’ll see several options to choose from:

• EUR Deposit: If you have a Euro bank account, you can deposit funds via SEPA with zero fees. Once the funds are in your account, you can use them to buy crypto directly.
• Debit/Credit Card: MEXC supports direct crypto purchases using Visa or MasterCard.

• Global Bank Transfer: If you prefer conventional methods, you can fund your account via bank transfer.
• Quick Buy/Sell: This is one of the fastest and easiest options on the platform. You simply enter the fiat amount you want to spend or the crypto amount you want to buy, and the transaction is processed instantly.
• P2P: A marketplace where you can buy or sell crypto directly with other users.

For this guide, I’ll focus on the "Quick Buy/Sell" method since it’s the fastest and simplest option. It supports 11 coins, including popular ones like Bitcoin, Ethereum, Dogecoin, and XRP. Just a heads-up, though—the availability of payment methods depends on your country of residence.

How to Buy Crypto on MEXC Using the Quick Buy Feature

Step 1: Hover over the [Buy Crypto] option at the top left of the screen and click on [Quick Buy/Sell].

Step 2: Select the cryptocurrency you want to buy, the fiat currency you’ll use for payment, and the amount. For example, if you’re buying Bitcoin, select BTC, choose your fiat currency (like EUR), and enter the amount you want to spend. Keep in mind there are minimum purchase limits.

Step 3: Confirm your preferred payment provider and click [Buy].

Step 4: Double-check the transaction details and complete the payment process.

Once the purchase is complete, the crypto will appear in your MEXC account. Just a quick note—the time it takes for your crypto to arrive depends on the payment method you selected.

Now that you’ve got your first coin, let’s move on to learning how to sell crypto on MEXC using the same simple method.

How to Sell Crypto on MEXC Using the Quick Buy Feature

If you already know how to buy crypto on MEXC, selling will feel just as easy. That said, I’ll guide you through the steps anyway:

Step 1: Head to the [Quick Buy/Sell] page and click on the "Sell" tab.

Step 2: Select the cryptocurrency you want to sell, the fiat currency you wish to receive, and the amount. Just like with buying, there are minimum selling limits to keep in mind.

Step 3: Confirm your preferred payment method and click [Sell].

Step 4: Review the transaction details and complete the process.

And voilà! You’ve just learned how to sell crypto on MEXC easily! Once your sale is confirmed, the fiat currency will be transferred to your linked account or payment method. Note that the arrival time will also vary depending on which payment option you selected.

How to Deposit/Withdraw Crypto to/from MEXC?

If you’re not here to learn how to buy crypto on MEXC, you’re likely interested in how to deposit or withdraw it instead. Let me walk you through each procedure.

How to Deposit to MEXC?

Here are the general steps to deposit crypto you might already have from another exchange or wallet:

Step 1: Head to the homepage and click on [Deposit] in the top right corner.

Step 2: A pop-up with multiple deposit methods will appear. Choose [Deposit Crypto].

Step 3: Pick the cryptocurrency and the network you'd like to use.

Step 4: Copy the deposit address and paste it into the wallet or exchange you’re sending funds from. Make sure the cryptocurrency and deposit network match exactly to avoid errors. Alternatively, you can scan the QR code next to the address.

That’s it! Pretty easy, right?

How to Withdraw From MEXC?

Now that we’re on the subject, let’s go over how to withdraw from MEXC. Here’s the step-by-step process:

Step 1: Hover over the "Wallet" option and select [Withdraw].

Step 2: Choose the cryptocurrency you’d like to withdraw.

Step 3: Select the network, enter the withdrawal address, and specify the amount you want to withdraw. Double-check all the details, then click [Submit]

That’s all there is to it! You’ve now mastered how to withdraw from MEXC to your preferred wallet or platform. Just a quick tip—before completing the process, check the withdrawal fees for your chosen asset. This will help you pick the most cost-effective network for the transfer.

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Trading on MEXC

Now that you’ve got the basics of how to use MEXC, let’s take things up a notch by exploring its trading features. The platform has several options, including spot trading and futures trading.

What is MEXC spot trading? Well, it’s the simplest way to trade crypto where you buy or sell coins at their current market price. Thanks to the platform's high-performance trade-matching engine, the process is smooth and efficient (and you can trade over 2,900 cryptocurrencies!).

Then there’s futures trading, where you can speculate on the future prices of cryptocurrencies without actually owning them. This allows you to potentially earn profit whether a coin price goes up or down.

Now, let’s look at how to spot trade on MEXC and get you started!

How to Spot Trade on MEXC?

For beginners, the trading dashboard might look a bit overwhelming at first, with all the charts, tools, and numbers flashing around. But don’t worry—it’s actually pretty simple to get the hang of! Let me show you how to use MEXC's spot trading interface:

Step 1: Hover on the "Spot" option in the upper-left corner of the home page, and then select [Spot] from the drop-down menu.

Step 2: To find the trading pair you’re looking for, head over to the right side of the interface. You can filter by favorites (USDT, USDC, ETH, BTC, TUSD, or EUR) or explore different zones (Main, Innovation Assessment, and New Listings). If you already know the pair you want, just type it manually into the search bar. 

Step 3: Scroll down a bit to find the order panel. You can choose between limit orders, market orders, stop-limit orders, or OCO (one-cancels-the-other) orders. 

Step 4: Decide whether you want to buy or sell. Enter the amount, and click [Buy] or [Sell].

That’s all! You officially know how to do spot trading on MEXC. It’s easier than it looks, right?

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How to Trade Futures on MEXC?

MEXC offers an extensive selection of over 600 USDT- and coin-margined futures contracts, along with the ability to use up to 200x leverage, which is quite impressive!

On top of that, your futures trading experience on the platform should be seamless. This is made possible by high liquidity and deep order books, ensuring that you benefit from fast transactions and low slippage.

Now, before I show you how to trade futures on MEXC, let me remind you that futures trading is a high-risk activity. It’s wise to start small while you’re still learning the basics and gaining experience.

Even better, you can try out MEXC's futures demo trading, which simulates USDT-marginated trading. It’s a risk-free sandbox where you can practice and get comfortable before using real funds. I think this feature is pretty interesting to check out, especially if you’re new and want to dip your toes into the market.

With that said, let’s break down how to use MEXC’s futures trading interface step-by-step:

Step 1: Go to the MEXC homepage, hover over the "Futures" option in the main bar, and choose the type of contract. 

Step 2: Select the futures contract you’re interested in from the drop-down menu on the left side of the interface.

Step 3: Adjust the margin mode to either isolated or cross by clicking [Isolated]. You can also set your leverage level (up to 200x) by clicking on the [20x] option.

Step 4: Select the trading unit, then input your price and quantity.

Step 5: Choose your order type.

Step 6: Open a position. This can be a long or short one. Once it’s open, you’ll find it listed at the bottom of the futures trading interface.

Step 7: Close a position. Enter the price and quantity you want, then choose either a long or short close position.

And that’s the gist of how to trade futures on MEXC! If it still feels a bit overwhelming, the platform has a comprehensive help center filled with guides, FAQs, and plenty of easy-to-follow MEXC tutorials. Plus, their customer service team is readily available to assist in case you need extra support.

Other MEXC Features

By now, you’ve probably got a good grasp of how to use MEXC for trading. But the exchange isn’t just about buying, selling, or swapping coins. MEXC is a crypto ecosystem with tools and services tailored for all kinds of enthusiasts. Let’s take a quick look at some of its features.

• MEXC Savings: This feature lets you earn rewards simply by holding your coins. You can choose between Locked Savings for fixed-term deposits or Flexible Savings for more flexible access to your assets.
• MEXC Loans: What is MEXC Loans if not a tool to provide extra liquidity? By leveraging this feature, you can use your crypto as collateral to borrow other assets. This makes it easier to trade, invest, or withdraw funds without having to sell your coins.

• MEXC Token Airdrops: MEXC frequently hosts token airdrops, letting you earn rewards just by completing simple tasks like depositing funds or making trades.
• MEXC Referral Program: Have friends who are into crypto? You can earn up to 70% commission on every trade they make on MEXC's spot and futures markets.

Since this guide focuses mainly on how to use MEXC, I can only provide a brief overview of its features. For a more in-depth look at everything the exchange has to offer, you can check out this comprehensive review.

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Conclusions

By now, you should understand how to use MEXC for beginners—from creating your account to executing your first trade—while also getting familiar with the platform’s more advanced features.

I think you’d agree that MEXC is an exchange worth sticking with, as it can grow with you as you become more skilled and confident. With support for a wide variety of coins, an intuitive interface, and robust security features, it's an excellent choice for both new users and seasoned enthusiasts.

That said, it’s important to consider what countries can use MEXC’s full features, as some regions have restrictions. If you are in a restricted area, such as the US, you might want to explore alternatives like Kraken, which also offers a robust set of tools and features worth checking out.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Varvello M., Azurmendi I. Q., Nappa A., Papadopoulos P., et al.: 'VPN-zero: A privacy-preserving decentralized virtual private network';

2. Kim M., Suh J., Kwon H.: 'A study of the emerging trends in SIM swapping crime and effective countermeasures'.