How to use mobile APP to trade on MEXC?

Trading on MEXC using their mobile app is a convenient way to manage your cryptocurrency investments on the go. MEXC is a popular cryptocurrency exchange that offers a variety of trading options, including spot trading, futures trading, and margin trading. In this guide, we will walk you through the process of using the MEXC mobile app to trade cryptocurrencies.

Downloading and Installing the MEXC App

Before you can start trading on MEXC, you need to download and install the app on your mobile device. Here are the steps to do so:

• Visit the app store on your device. Depending on whether you use an Android or iOS device, go to the Google Play Store or the Apple App Store.
• Search for 'MEXC' in the search bar. The official MEXC app should appear in the search results.
• Download and install the app. Tap on the app and follow the prompts to download and install it on your device.

Registering and Logging In

Once the app is installed, you need to register an account or log in if you already have one. Follow these steps:

• Open the MEXC app. Tap on the app icon to launch it.
• If you're a new user, tap on 'Register.' You will be prompted to enter your email address and create a password. Follow the on-screen instructions to complete the registration process.
• If you already have an account, tap on 'Log In.' Enter your email address and password to access your account.

Depositing Funds

To start trading, you need to deposit funds into your MEXC account. Here's how to do it:

• Navigate to the 'Wallets' section. This is usually found at the bottom of the app's interface.
• Select 'Deposit.' You will be presented with a list of supported cryptocurrencies.
• Choose the cryptocurrency you want to deposit. For example, if you want to deposit Bitcoin, select BTC.
• Follow the on-screen instructions to generate a deposit address. Copy the address and use it to send funds from your external wallet to your MEXC account.
• Wait for the funds to arrive in your MEXC account. The time it takes for the funds to arrive depends on the blockchain network's speed.

Placing a Spot Trading Order

Spot trading is one of the most common ways to trade on MEXC. Here's how to place a spot trading order:

• Navigate to the 'Market' section. This is where you can view the list of available trading pairs.
• Select the trading pair you want to trade. For example, if you want to trade Bitcoin for Ethereum, select the BTC/ETH pair.
• Tap on 'Trade' to access the trading interface.
• Choose the type of order you want to place. You can choose between a market order, limit order, or stop-limit order.
  • Market Order: This order will be executed immediately at the current market price.
  • Limit Order: This order will be executed only when the market reaches the price you specify.
  • Stop-Limit Order: This order combines a stop order and a limit order to help you manage risk.
• Enter the amount you want to trade and any other required details.
• Review your order and tap on 'Buy' or 'Sell' to place the order.

Placing a Futures Trading Order

Futures trading allows you to speculate on the future price of a cryptocurrency. Here's how to place a futures trading order on MEXC:

• Navigate to the 'Futures' section. This is where you can access the futures trading platform.
• Select the futures contract you want to trade. MEXC offers a variety of futures contracts with different expiration dates.
• Tap on 'Trade' to access the futures trading interface.
• Choose the type of order you want to place. You can choose between a market order, limit order, stop-limit order, or other advanced order types.
• Enter the amount you want to trade and any other required details.
• Review your order and tap on 'Open Long' or 'Open Short' to place the order.

Managing Your Trades

Once you have placed your orders, you can manage them from the 'Orders' section of the app. Here's how to do it:

• Navigate to the 'Orders' section. This is where you can view all your active and completed orders.
• Select the order you want to manage. You can view details such as the order type, price, and status.
• To cancel an order, tap on 'Cancel.' This will remove the order from the market.
• To close a futures position, navigate to the 'Positions' section. Select the position you want to close and tap on 'Close Position.'

Withdrawing Funds

When you're ready to withdraw your funds from MEXC, follow these steps:

• Navigate to the 'Wallets' section.
• Select 'Withdraw.' You will be presented with a list of supported cryptocurrencies.
• Choose the cryptocurrency you want to withdraw.
• Enter the amount you want to withdraw and the destination address.
• Review the withdrawal details and tap on 'Confirm' to initiate the withdrawal.
• Wait for the withdrawal to be processed. The time it takes for the funds to arrive at the destination address depends on the blockchain network's speed.

Frequently Asked Questions

Q: Can I use the MEXC app on multiple devices?

A: Yes, you can use the MEXC app on multiple devices as long as you log in with the same account credentials. However, for security reasons, it's recommended to use two-factor authentication (2FA) to protect your account.

Q: Are there any fees associated with trading on MEXC?

A: Yes, MEXC charges trading fees for both spot and futures trading. The fees vary depending on the trading pair and the type of order. You can find detailed information about the fee structure on the MEXC website or within the app.

Q: Can I trade cryptocurrencies other than Bitcoin and Ethereum on MEXC?

A: Yes, MEXC supports a wide range of cryptocurrencies for trading. You can find a list of supported cryptocurrencies in the 'Market' section of the app.

Q: How can I secure my MEXC account?

A: To secure your MEXC account, you should enable two-factor authentication (2FA), use a strong and unique password, and be cautious of phishing attempts. Additionally, consider using a hardware wallet for storing your cryptocurrencies securely.