MEXC Global Review

According to data online over 9 million people around 4.1% of Pakistan’s total popular owns cryptocurrency assets and every day the number is growing rapidly. Based on Global Crypto Adoption Index, Pakistan ranks third highest usage and crypto adoption nation with an Index score of 0.36% leaving the USA behind which has an index score of 0.22%. If you are looking for a safe trading Crypto Trading exchange, then let us introduce you to MEXC Global.

As the adoption of cryptocurrency is growing, the importance of having a secure trading platform is increasingly crucial.

What is MEXC?

It’s a well-known Exchange available in over 170 countries including Pakistan actively used by more than 10 million users worldwide. MEXC is founded in 2018 and takes pride in its outstanding performance and state-of-the-art mega transaction matching technology. Pioneers and early adopters of the Blockchain and financial technology industries established the firm.

Platform has already managed to attract a large number of crypto enthusiasts even though it is a relatively new player in the industry compared to Coinbase and other large market cap Exchanges. This impressive accomplishment demonstrates the company’s potential to become the platform of choice for newbie traders and professional investors as they traverse the financial markets.

MEXC provide traders with all the necessary tools to buy and sell cryptocurrencies while keeping track of their progress. From Spot trading, futures trading, leveraged ETF, and staking to mining this has got everything for you.

As far as the trading experience is concerned, more than 1500 coins are listed for spot trading and the platform does offer a referral program, an in-app Chat Support system, and instructional materials to navigate, hence you’ll never run out of options to make good trades.

One of the worth noticeable things is, MEXC offers a secure platform emphasizing top-tier security and financial stability to safeguard users’ personal information and assets.

Where is MEXC based?

Founded in 2018, with a current employees size of 200 to 500 employees MEXC is based in Victoria Seychelles. The current address of the company’s global headquarters is Manglier Street, Mahé, Victoria, SC.

Who created MEXC?

According to a Crunchbase report, Platform was co-founded by Metin Mehmet Durgun. A Chinese crypto-passionate developer who holds Bachelor’s degrees from 3 different universities according to his LinkedIn profile. However, Currently, John Chen is officially listed as CEO (Chief Executive Officer) of MEXC Global. John Chen seems to be the sole identified member of the Company management team, according to publicly accessible information.

Who owns MEXC?

Tencent Holdings, a Chinese investment holding company, owns MEXC Global and runs online advertising services in China via its subsidiary companies in the media, entertainment, internet, and mobile phone industries; it is traded under the ticker code “700” on the Hong Kong Stock Exchange.

Is MEXC Safe to use from Pakistan?

The platform’s cutting-edge technology and sturdy architecture have been put through extensive testing, and they have shown to be completely secure and immune to hackers. For consumers of Pakistan, concerned about the protection of their digital possessions, this makes MEXC the platform of choice. With MEXC, you may have peace of mind knowing that cutting-edge safeguards and rigorous compliance requirements protect your financial transactions.

Pros and Cons of MEXC Exchange for Pakistani Traders

Pros

Cons

• Fewer Fiat currencies are listed for P2P crypto exchange
• Occurrences of user complaints.

The procedure for depositing and withdrawing coins on the Exchange from Pakistan is a straightforward operation. To deposit coins:

1. Login:
   • Login to your MEXC App or through a desktop via Browser.
   • Click on the Wallets button in the bottom right corner if using a mobile or tap on the Wallet icon through the upper menu navigation if you are using a Desktop/Laptop.
2. Deposit
   • Now, tap on the Deposit button in the top left corner of the screen.
   • You can manually select the tokens you wish to deposit or search for them via the search tab.

Suppose you are unclear about which chain you should deposit to. In that case, Contact the issuer to guarantee that your deposit will be received without incident.

How to buy crypto on MEXC from Pakistan

1. Create an Account & Add Funds

• Create a new MEXC account by entering your email address and a strong password.
• Complete the registration procedure by validating your email address.
• Make sure to use a valid Email address and select your location to be Pakistan and don’t use VPN or virtual networks.
• Click the Deposit button after logging into your account.
• Select the desired deposit currency and add money to your account.

2. Search for the Crypto & Place the Order

• When you have sufficient cash in your account, you can search for the cryptocurrency you want to buy. You may search for a cryptocurrency by its name or its symbol.
• Once you have located the cryptocurrency you want to acquire, submit an order by inputting the quantity and price you want to pay. Review and confirm your purchase.

3. Complete the Purchase

• Once your order is confirmed, the crypto will be added to your account balance. You can now view your purchase in your account’s Balances section and start trading or holding it.

How to transfer from Coinbase to MEXC in Pakistan

1. First, to send an asset from Coinbase to MEXC from Pakistan, you must log in to your Coinbase account and choose the asset you intend to send.
2. After that, get the deposit address from MEXC by signing in and going to the deposit part of the website.
3. Coinbase requires that you provide this address as the receiver before confirming the transaction.
4. Before sending anything, verify the address and the network one more time then click on Withdraw to transfer coins from Coinbase to MEXC in Pakistan.

How to buy USDT on MEXC from Pakistan

1. Log in to MEXC, complete your KYC, buy USDT with fiat currency, choose a merchant with a high close rate, contact the merchant for payment instructions, make a bank transfer, or use EasyPaisa or JazzCash to make purchases on MEXC from Pakistan.
2. After selecting the method and transferring the amount click Completed on MEXC, and wait for the merchant to release USDT.
3. Once the merchant release USDT, transfer those USDT to your spot account so you can trade.

Except for JazzCash and EasyPaise and Bank Transfer, no other payment methods are listed yet.

How to stake on MEXC from Pakistan

To participate in MEXC Staking and earn by holding crypto, you can follow these steps:

1. Ensure that cryptocurrency is stored in your spot account on the MEXC exchange.
2. Navigate to the Staking page on the MEXC website by selecting it from the top menu bar.
3. You have the option of selecting between Locked staking or Flexible staking.
4. Choose the cryptocurrency you wish to stake and then read the product overview information to find out the minimum stake amount, the minimum stake period, and the predicted annual percentage yield.
5. To stake the cryptocurrency of your choice, follow the instructions on the website.

While staking your assets on MEXC, you may also get additional advantages such as earning extra tokens, fewer trading fees, and more.

FAQs