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mxc exchange is an emerging and growing platform that has attracted the attention of many users in the world, especially in Asia. Since the beginning of this exchange until the publication of this article, many important cryptocurrencies of the market have been added to this exchange, and this has caused MXC to become another important exchange in the world of digital currencies. It is also better to know that this exchange has the ability to offer more than 1.4 million transactions per second, and this is one of the biggest advantages of the MXC exchange.  In this article, we are going to introduce you to  mxc exchange training and how to trade in it; Stay with us.

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What is mxc exchange?

Before the full training of the mxc exchange, it is better to familiarize yourself with the nature of this exchange. As you know, in recent years, after banning Iranian users and forcing them to authenticate themselves in the Binance exchange, it became a bit difficult to find a centralized and alternative exchange. MXC exchange or MEXC is one of the top exchanges in the world, which is considered a suitable alternative for Iranians. It is better to know that the MXC exchange officially changed its name from MXC to MEXC on June 8, 2021, and according to the MXC exchange team, this exchange is located in Singapore. Now, a question that may arise in this section of  The training of MXC exchange  makes your mind curious is whether MXC has included Iran in its list of sanctioned areas or not?

As mentioned, MIX exchange is currently a good option for Iranians; Therefore, it is better to know that this exchange has no problem with Iranian users and you can easily enter it with an Iranian IP and start trading. In the rest of this article,  we have explained the mxc exchange training  in full to make it easier for you dear ones to work with this emerging exchange.

Read more: Volatility of digital currency

Exclusive token of mxc exchange

This exchange has its own exclusive token, the most important use of the mx token is to pay transaction fees in the Max exchange. Therefore, you can benefit from these transactions by using it in spot transactions with a 20% discount on your transaction fees. The mx token holders also have the right to vote in the voting programs of the exchange to implement various projects, and also to get more profit from this mx token, you can generate income by depositing this token in the cash pools of the exchange, which must also be used to receive awards and participate in exchange events. Have the mx token. It should also be remembered that this token was the second most profitable digital currency of 2021 among cryptocurrency exchanges after the exclusive token of Kocoin exchange.

Exchange identification code mxc

In this exchange, by inviting yourself to register at the MEXC exchange, you will be able to receive a fee of up to 30% of their trading transactions. To do this, all you have to do is share your identification code with your friends or send it to them and ask them to activate their account by entering your identification code in order to benefit from this MXC exchange advantage. If you do not know its location, it is better to know that by logging into your user account and clicking on the icon at the top of the page, select the Referral option from the menu that opens for you. After that, a page will open for you in which the link, code and QR code of your introduction will be displayed and you can send any of them to your friends.

Also, in order to know who used your identification code, a dedicated dashboard is shown at the bottom of this page, through which you can view the number of people who have registered with your code in this exchange with a real-time report. Also, in this section, the received commission can be seen separately for spot and futures transactions. Of course, keep in mind that the amount of commission you receive from your friends depends on the amount of MX tokens you hold in the MEXC exchange wallet, and its details include:

• If it is less than 500 MX tokens, the commission is 10%.
• between 500 and 5000 MX tokens, the commission will be 20%.
• Finally, even if there are more than 5000 MX tokens, the commission is equal to 30%.

Complete training of mxc exchange

MXC exchange has an attractive and easy user interface, and it is not so difficult to work with it; But this exchange, like other existing exchanges, needs some training. So stay with us in this part of mxc exchange training.

Step-by-step registration training in mxc exchange

As mentioned at the beginning of the mxc exchange training section, registration in this exchange is a very simple process and you only need to enter your personal information and create an account. To do this, first enter the official website of the MXC exchange (www.mexc.com) and then click on the Sign up option.

In the opened page, you must enter your Hoti information. This information includes your email address, password and its repetition, the code sent to your email and the referral code (optional).

Read more: How to transfer digital currency from Nobitex to Binance

Account verification training at MXC exchange

Now that you are familiar with the registration training in mxc exchange, like other exchanges, you must verify your account and complete the authentication process completely. This is actually intended to prevent money laundering and fraud. Follow the steps below to verify the account in MXC exchange.

First, log in to your account and hold your mouse over the account icon at the top of the screen to open its drop-down menu. Then click on the Identification option. Now, on the page that opens, verify your account by clicking on the Verify option in the Advance KYC section.

Deposit training in mxc exchange

To top up your user account and deposit currency in mxc exchange, first log in to your user account and click on the deposit option at the top.

In the next step, choose which cryptocurrency you want to use to top up your account from the drop-down menu.

Now you need to enter the address of the user account that is given to you in your wallet and hence connect your user account to your wallet. If you have problems choosing a digital wallet, you can read the article on the best digital currency wallets.

In the last step, all you have to do is wait for the cryptocurrency to be transferred from the wallet or other account to the mentioned MXC account. This may take some time due to network congestion, Ethereum gas fees, etc.

Read more: Buy Shetcoin on TrustVault

Withdrawal training from MXC exchange

Another thing that is difficult for many users in the mxc exchange training is the withdrawal of profit from the mxc exchange. In the training of withdrawing from the MXC exchange, as in the previous steps, first log in to your account, but this time click on the withdraw option.

On the opened page, first enter the address of your wallet, and in the next field, enter the amount of currency you want to transfer to your wallet. Then click on the Submit option. Do not forget that you only have 60 seconds to settle the account; So be quick.

After entering the wallet address and selecting the currency amount, MXC exchange will ask you to enter your security information to complete the currency withdrawal process. To do this, on the opened page, enter the code sent to your email in the desired field, then click on the submit option.

mxc exchange futures training

Futures trading is another thing you need to know in mxc exchange training. In the futures training section of the mxc exchange, as you can see in the picture, there are two Isolated.20X options on the right side; One is green and the other is red. By clicking on the green Isolated.20X, you will enter the trading section with LONG leverage and you can specify the trading coefficient. But the red Isolated.20X is the trading section with SHORT leverage, where you can specify your trading coefficient as in the previous section.

The thing you should know in this section is that after entering the section of each Isolated.20X, you will see two options, CROSS and ISOLATED. When you select the CROSS option, it is applied to all the currencies you have in the mxc exchange; But by enabling the ISOLATED option, the changes will be applied to only one cryptocurrency.

Read more: What is Smart Money?

After selecting any of the above options, enter the suggested price in the Price section and specify the transaction limit in the next section, namely Quantity. You can also do this as a percentage. In the last part, click on each of the Open Short and Open Long options to start your transaction.

last word

Today, due to Iran being sanctioned by the Binance exchange and other reputable exchanges in the world, it is a bit difficult to find a suitable alternative; But there is always a way! mxc exchange is an online and updated platform that tries to improve its platform day by day. It is easier to work with it and just read the mxc exchange training article and do all the steps correctly.