How to trade on MEXC

Crypto Exchange MEXC offers several tools for trading and other functions to work on the site mexc.com. To start spot trading on the platform, you need to log in and go to the “Exchange” section. You can choose “Standard” or “Professional” version of the terminal. You need to transfer coins from the fiat or margin account to the main balance or deposit money to it from a third-party wallet. In the trading terminal crypto exchanges you need to select a trading pair and order type – limit, market or stop limit.

 

Trailing Stop

Sliding stop orders can be placed on the platform. They allow you to create preset orders when there is a large bounce in the market. This allows you to make profits and protect yourself from losses when the market price moves in a direction that is unfavorable to traders. In that case, the order remains open and helps to continue to make profits as long as the price is moving in a favorable direction.

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Such an order moves by the percentage or amount specified by the user when the price moves in the favorable direction, but does not change in the other direction. It closes the order at the market price. when it moves in the opposite direction by the specified percentage or amount. To create such an order, it is necessary to know its 3 parameters, which will be specified when making an offer:

• Deviation – The condition that determines whether the strategy will trigger. It is used to calculate the trigger price (the actual cost of triggering). It can be set as a percentage of change or a certain amount (price distance).
• Activation price – condition at which the trailing stop is activated. The order will be triggered when the price reaches or is above the activation price. The service will start calculating the actual triggering price when the order is activated.
• Price type – last, fair or index. The user can select one of these as a trigger.

Positions or margin collateral are not frozen until the order is triggered. Such orders can fail if there are sharp fluctuations in the market, price restrictions, system problems or margin shortages. After triggering of the sliding stop the market order is placed, but it can not be executed.

In-app trading

The MEXC mobile app offers the possibility of spot trading. To do this, there is access to a terminal where you can select a currency pair and place Limit and Stop-Limit to buy and sell.

P2P trading

Available on the MEXC platform P2P trading. For this purpose, there is a section on the exchange’s website in which such work is carried out. In order to take advantage of this functionality to buy, the trader needs:

• Sign in to your account. Add a nickname and payment method, including details.
• Click the “P2P Markets” button and select a currency.
• Choose your ad from all the offers.
• Specify the number of tokens to buy or the amount in currency to be spent. Click the “Buy” button.

Transfer funds to the bank account of the selected merchant within the specified time frame. You can add additional data about the transaction in a special window. By clicking on the “Payment completed” button you can return to the previous window. The transaction will be processed within 15 minutes. You can check the status of the transaction on the page “Recent orders”.

The token sale operation is conducted in the same way. If the user does not pay within the stipulated time, you can contact him directly or appeal to resolve the situation. It is possible to receive money for the sale only to a confirmed bank account. After receiving the money, you have to click “Confirm transfer” to transfer the coins to the buyer.

Futures trading

Available at MEXC futures trading. It is a product that is bought or sold to generate income during market fluctuations. A trader may open long positions to buy while waiting for the market to rise. Short positions are created to sell contracts in anticipation of a potential downturn. You can go to the platform for such trades from the home page of the site. Under “Derivatives,” there is a “Futures” tab. The page has a lot of market data. You can switch between several views using the options at the top.

There is also a function at the top to change the trading pair. Information about the user’s positions and orders is listed at the bottom of the screen. There is also an order book in the terminal, which displays information on what is being bought and sold. In the transactions section, you can see a list of recently completed transactions. At the bottom right, you can place a new order. To trade futures, one must transfer assets from the spot to the futures balance. To place an order, enter the amount and price. Confirm the creation with the “Sell” or “Buy” buttons. This type of trading allows the use of leverage. The platform supports leverage up to 125x. The maximum amount differs depending on the initial and supporting margin. Leverage can be changed for different positions in cross-margin mode.

For traders using different strategies, the system offers 2 modes: isolated margin and cross. In the first case, the margin is limited to the amount that was initially placed. On liquidation, the user will lose margin for a particular position without affecting the balance of that currency. With isolated margin, you can optimize your leverage using a special slider. With cross-margin, there is a spread of margin between positions with the same currency. To avoid liquidation, a position is given more margin from the total balance of a particular asset.

Perpetual contracts

Perpetual contracts are available on MEXC. It is a derivative instrument similar to futures, which, unlike a traditional contract, has no expiration date. In open-ended contracts, the exchange uses a cost mechanism to ensure that the value of the contract accurately matches the price of the asset. Several mechanisms are used in such trading:

• Marking. In open-ended contracts, fair price marking is used. It determines the PnL and liquidation prices.
• Funding. Buyer and seller exchange payments every 8 hours to ensure that the contract price matches the value of the underlying assets. The user must pay or can expect to receive a funding rate if he holds a position during the funding time stamps (4:00, 12:00 and 20:00 SGT).
• Initial and maintenance margins. It determines the leverage and the point of liquidation.

Trading ETFs

The exchange also offers a Leveraged ETF. It tracks the return on assets with a specific time frame. The site has an “ETF” section where such trading is conducted. To take advantage of such a tool, you need:

• Log in to your account, go to “ETF” and select the professional or standard version. You must also read and agree to the disclaimer.
• In the window that opens, select ETF in the panel.
• Choose the product you want to trade.

Specify a limit or stop limit order. In the first case, you can set a buy/sell price and orders will be executed when the market value reaches the set level. When you select a limit order, you must specify a price and an amount. After pressing the “Buy” or “Sell” button, the order will be placed. When selecting a stop limit, the trigger price, the order and the amount are set. When the last value reaches the trigger price, the service will place an order at the specified price and amount. You can check the details of placed orders at the bottom of the page.

Launchpad

MEXC has developed Launchpad, a feature that gives users the ability to invest in new tokens early on. The company has a section on its website that compiles a list of completed and ongoing events with the total offer amount, start time and listing date.

Kickstarter

The exchange also has a “Kickstarter” section. It contains information about the stage that precedes the listing of a project, during which voting for inclusion in the listing is initiated.

The project distributes tokens to those who vote, for free. If there is no achievement of the goal, the exchange cancels the listing and releases the coins. The section has information about offers in progress and finished. You can find out the voting time, the futures prize pool, the target voting rate, and the listing time. To vote for one of the tokens, you must have an account on the exchange site and log in.