Recently, Bitcoin has been threatened again by the 20,000 dollar level. MEXC Global The reason for this decline can be attributed to the U.S. interest rate hike. I’m not sure if it will continue to fall or rebound following the trend, but to be honest, it seems difficult to rebound soon. It is also true that the number of people psychologically willing to invest in the coin market has decreased a lot… So in order to make a profit in this market, it would be a good choice to use overseas coin exchanges that can make a profit even in the downturn by supporting Defies, Futures Transactions, and Financial Transactions rather than domestic exchanges that can make a profit simply by buying. Especially in this downturn, you could invest in short positions and make a profit in the face of falling prices are falling
Among them, the MEXC exchange I will introduce today is considered one of the major overseas Crypto exchanges. First of all, supporting Korean is a considerable advantage, because other overseas Crypto exchanges such as Binance and Vibit only support English, and the fact that Hangul is so easy to use in the complex Cribot market seems to be beneficial. We’re also doing a lot of new events. There are benefits such as an event that provides futures transaction support upon first deposit after signing up, and free transaction fees for TRX (Tron) or XRP (Ripple) of coins for transmission. In particular, these benefits apply only to those who have completed Korean KYC (KYC), so it looks good to save even a little bit of commission.
The current fee level will display as ‘SVIP’ rating.
Next is an explanation of the commission rate of the mexc exchange, which is an important part and must be addressed. To be honest, if it’s more expensive than the upbeat transaction fee of 0.05%, it doesn’t seem to have much merit. Those who read this post can receive certain benefits, and all those who sign up for the mexc exchange through the invitation code can sign up with an “SVIP” rating. MEXC’s usual futures trading fees are 0.02% for makers (designated price orders) and 0.06% for takers (market price orders). When applying SVIP grade, the commission rate becomes very low at 0.02% for maker and 0.04% for taker. It is definitely cheaper than other foreign exchanges such as Bybit and FTX, and you can get commission benefits equivalent to Binance.
This is a table to compare commission rates between exchanges. If you check the table above, you will find that joining MEXC with SVIP grade is the cheapest. Then let’s get started on how to sign up for membership!
How to sign up for MEXC Exchange membership
First of all, you need an email address (or mobile phone) and an ID (passport, resident registration card, driver’s license) to use. I’m sure everyone has a Naver ID, and in the case of ID cards, it’s required to authenticate with KYC, so it’s better to prepare them if possible.
If you enter the exchange through the invitation code, you will be able to choose between mobile subscription and e-mail subscription, and you can choose one of the two methods that are convenient for you. Enter your email address or mobile phone number, enter your authentication code, and enter your password. (The password must contain at least one uppercase or special character!) Also, it is automatically applied to the promotion code, and you can only receive SVIP rating benefits if you have that code! If it’s not applied automatically, you can enter it yourself.
If you have successfully signed up, the next thing you need to do is kyc. Usually, it is done when opening accounts at domestic banks or securities firms, but these days, coin exchanges are strict on security, so you have to proceed with it The method is simple, so it’s not difficult if you follow it step by step! First, press the three mating buttons in the upper right corner to open the menu, and then click the person icon in the upper left corner to see the above screen.
Select Basic Authentication (KYC) → here.
Advanced certification and basic certification come out, but instead of increasing the withdrawal limit to 200 BTC per day, it is more difficult to do so, so you can simply proceed with basic certification. 80 BTC per day is almost 2 billion won, but this amount is rarely withdrawn!! Next, press the Authenticate button on the right.
And you can fill in the basic information, but the nationality is automatically selected as *South Korea. Next, *Please select one of the types of ID cards: driver’s license, resident registration card, and passport. *You can put your Korean name or English name in your name as indicated on your ID card, and enter your resident registration number or passport number in your ID number. Next, if you submit the front and back of the *date of birth and *identification card photo, the kyc application will be completed simply, and you can freely use the exchange after certification.
So far, we’ve looked at the overall registration method and KYC certification for MEXC exchanges. After that, you can deposit the funds to MEXC and proceed with the transaction you want. There is also a first deposit event, so you can take a look and participate. Every investment is an individual’s choice, so I hope you have a careful investment, and I hope you will make a successful investment. Thank you for reading it today!