A cryptocurrency exchange located in Singapore that started its service in 2018. At MEXC, the transaction fee is a certain $ 0.2, which is a little higher. On the other hand, it is a digital asset trading platform with more than 7 million users, and its recognition is quite high. With about 600 types of cryptocurrencies that can be traded, we are able to meet the demands of all users. It is possible to trade without margin (debt) risk with leverage up to 100 times.
Only the following two items are required to open a MEXC account.
- email address
- cell phone number
Enter your email address on the official MEXC page. Enter any password twice. Get an email verification code. Click the “click” part to send the email. You can find the verification code from the registered email address, so enter that number. Press the registration button to register.
You can also verify your identity. If you want to remove the withdrawal restriction, please confirm your identity. This applies to driver’s licenses / passports / government-issued cards. Since there is an identification button from the 5th icon from the upper right of the home screen, you can authenticate from there.
Transaction fees are a little higher at MEXC. There are many cryptocurrency exchanges other than MEXC, and transaction fees vary from free to 0.3%. As a discount, the commission on the transaction amount is often discounted.
You can trade over 600 stocks on MEXC. The following is an example, but you can trade many other coins. Please check the official page as the coins handled may change each time.
Scalping trades are allowed at MEXC. However, please be careful. Unlike foreign exchange, the price range of virtual currencies is very volatile. If you go the other way, be sure to decide the withdrawal point. If you go the other way, you may lose all your money.
Automatic trading is at your own risk
Recently, some people are selling automatic trading systems that support MEXC. However, automated trading carries great risks. When a one-sided trend appears, the unrealized loss becomes large and all the principal is often skipped. Furthermore, in the case of virtual currencies, trends are more likely to occur than foreign exchange, and price range fluctuations are more likely to occur. You may lose all your money in one trade, so please understand before deciding whether or not to do it. Discretionary trading is recommended.
Low risk, low return for beginners
Beginners should not be familiar with cryptocurrency FX yet, so let’s start with low risk and low return.