MEXC mobile app

MEXC has developed a mobile application that allows you to use the functionality of the platform from any gadget. To start trading on the exchange, you need to have an account on the website mexc.com. It can be created through a web platform or application. To do this, you need to download and install the program. It has a button “Registration”, which opens the application form to create a personal account. It is possible to create an account through email or phone number. After entering personal data, you must agree with the user agreement, privacy policy, and send the application. After returning to the login page and specifying the information for authorization, you must enter the confirmation code in the suggested field.

 

Verification

After creating an account in the mobile app crypto exchanges MEXC allows you to go through the verification procedure. To do this, the profile menu has a section called “Authentication”. It opens a form, where you need to enter data about yourself, including country, ID number, name. You also need to upload 3 photos: 2 pictures of ID-card and selfies with the document and a note with the name of the exchange, the client’s signature, phone number, passport or ID-card data, the current date. After verification, MEXC administration will send a notification that the account is verified. This means that you can start trading and use other features of the platform.

Buying cryptocurrency

You can use the MEXC app to make transactions to buy digital assets. For this purpose, there is a section “OTC”, where you can select the currency, the amount of tokens to buy and click on the “Quick Buy” button. You can also use the “Assets” button at the bottom of the screen. In the window that opens, you can transfer coins from a fiat account to a spot account. You only need to specify the amount and click on the “Transfer” button. Another option is to find a currency pair on an exchange in the “Spot” section. In the form, you need to specify the purchase price and number of coins. You can complete the transaction by pressing the “Buy” button.

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Spot trading

The MEXC app allows you to spot trading. To do this, there is a “Trade” section, which you can go to by clicking the button at the bottom of the page. In the terminal that opens it is necessary to select a trading pair. After that registration of the limit or stop-limit order is accessible. In the first case it is necessary to select “Buy” or “Sell”, specify the price and the sum. In the second case, you must also enter the trigger price, the limit value and the amount.

Futures trading

Through the proprietary application of the MEXC cryptocurrency exchange you can trade futures. To do this, the user must do the following:

• Activate a futures account. After creating an account, you should go to the “Futures” section, read the risk control rules and click on the “Open” button.
• Select the contract type and currency pair. Contracts for USDT are calculated in U.S. dollars, coin-based futures are denominated in a specific cryptocurrency.
• Set the margin mode: isolated or crossed. In the second case, the balance can be used as margin to avoid position liquidation. If necessary, the position will receive margin from the general cryptocurrency account. In isolated mode, the margin that is added to the position is limited to a certain amount. The user can add/remove the walrus himself, but when it falls below the maintenance level, the position is liquidated. This way the potential loss is limited by the initial margin.
• Transfer funds to the futures balance.
• Open positions. Several order types are available for different strategies.

When the order is executed, the position will appear in the “Positions” section. It is possible to see the estimated liquidation price and the unrealized PnL in real time. To reduce the risk of liquidation, you can adjust the margin or close the position yourself. Instant close and the “Close” button in the order information section are available for this purpose. Information about profits and losses on positions can be viewed in the order history at the bottom. A calculator for calculations is also available. It can be found in the right corner at the top. There is also an option in the app to share trading results. There is a “Share” icon for this, which opens two functions: save or repost.