how to use mexc in canada

Canadian users can access a wide range of cryptocurrency trading options by creating an account and verifying their identity on MEXC, a leading cryptocurrency exchange.

Nov 04, 2024 at 06:27 am

How to Use MEXC in Canada

MEXC is a leading cryptocurrency exchange that offers a wide range of trading options for Canadian users. Here's a detailed guide on how to use MEXC in Canada:

1. Create an Account

• Visit MEXC's official website (https://www.mexc.com) and click "Sign Up" in the top-right corner.
• Enter your email address, create a password, and verify your email address with the OTP sent to your inbox.

2. Verify Your Identity

• To comply with Canadian regulations, MEXC requires identity verification for certain activities, such as withdrawals exceeding CAD 500,000.
• Upload a government-issued ID (e.g., passport or driver's license) and a proof of address (e.g., utility bill or bank statement).

3. Fund Your Account

• MEXC supports multiple funding methods for Canadian users, including bank transfer, Interac e-Transfer, and cryptocurrencies.
• Select your preferred method and follow the on-screen instructions to deposit funds into your MEXC account.

4. Trade Cryptocurrencies

• Navigate to the "Trade" tab and choose the coin you wish to trade.
• Select a trading pair (e.g., BTC/CAD) and enter the amount of cryptocurrency or CAD you want to buy or sell.
• Clicking on "Buy" or "Sell" will execute your trade, and your funds will be updated accordingly.

5. Withdraw Funds

• To withdraw funds from MEXC, click on "My Assets" and select the cryptocurrency you want to withdraw.
• Enter the withdrawal address and the amount you wish to withdraw.
• Authenticate the transaction with your password and email OTP.

6. Access Advanced Features

• MEXC offers additional features for advanced traders, such as leverage trading, margin lending, and spot trading.
• To access these features, you need to complete the Advanced Verification process, which involves submitting income proof or account statements.

Additional Tips:

• Enable 2-factor authentication (2FA) for enhanced account security.
• Take advantage of MEXC's referral program to earn bonuses on trading fees.
• Utilize social trading features to connect with other traders and copy successful strategies.
• Monitor market conditions and cryptocurrency prices regularly to make informed trading decisions.