Investing in cryptocurrency can be a thrilling yet complex journey, especially for beginners. This guide provides a comprehensive overview of how to buy crypto on MEXC Exchange, a popular platform known for its user-friendly interface and diverse range of digital assets. Designed specifically for novices, this article breaks down the process step-by-step, covering everything from setting up an account to executing your first trade. Whether you’re new to the world of crypto or seeking to expand your portfolio, our guide aims to simplify the experience and help you navigate the exciting realm of digital currencies with confidence.
What is MEXC Exchange?
MEXC is an exchange beloved by over 10 million users. Like other exchanges, MEXC focuses on Initial Exchange Offerings (IEOs) and has issued its own token, ‘MX’.
One of the advantages of using MEXC is its support for high leverage of up to 200x. This allows for efficient use of funds and the ability to hold large positions.
Furthermore, MEXC offers an extensive variety of currencies. According to Coingecko, it handles over 1,600 types of cryptocurrencies. The ability to trade in lesser-known cryptocurrencies is a unique advantage not found in other exchanges.
Steps to Open an Account on MEXC
Step1: Visit the official MEXC website
Visit the official MEXC website. Register through this link to receive a 10% discount on transaction fees.
If you wish to change the language, you can do so from the menu in the top right corner.
Step2: Enter the Required Information (with a Beneficial Referral Number)
Next, enter the necessary information. If you input your email address, click ‘Send Code’. You will receive a verification code via email, which you should then enter.
Once you’ve registered as a member, log in.
This will enable you to use your MEXC account.
Summary
This comprehensive beginner’s guide to buying crypto on MEXC Exchange demystifies the process for newcomers. It covers the basics of setting up an account, navigating the platform’s diverse services like DeFi, mining, and futures trading, and details the steps for making your first cryptocurrency purchase. Highlighting MEXC’s user-friendly features and its support for high leverage trades, this guide ensures that even those new to the world of digital currencies can trade confidently and efficiently. With a focus on simplicity and clarity, it’s the perfect starting point for anyone looking to embark on their crypto trading journey.
