Cryptocurrency has taken the world by storm, and Dogecoin has been at the forefront of this movement. With its unique branding and growing popularity, more and more people are looking to get in on the action. If you’re interested in investing in Dogecoin, look no further than the MEXC Exchange. In this guide, we’ll take you through the step-by-step process of buying Dogecoin on MEXC.
This article is part of my series on buying Dogecoin.
Understanding Dogecoin and MEXC
What is Dogecoin?
Dogecoin is a cryptocurrency that was created in 2013 as a joke by software engineers Billy Markus and Jackson Palmer. The cryptocurrency is based on the popular “Doge” meme, which features a Shiba Inu dog. The meme was popular on social media at the time, and Markus and Palmer decided to create a cryptocurrency that would be fun and lighthearted.
Despite its origins as a joke, Dogecoin quickly gained a massive following. The cryptocurrency has a unique community of supporters who value its fun and friendly nature. In addition, Dogecoin has become a serious investment, with a market cap of over $80 billion as of August 2021.
One of the reasons for Dogecoin’s popularity is its accessibility. Unlike many other cryptocurrencies that require specialized knowledge to understand, Dogecoin is easy to use and understand. It’s also relatively inexpensive, making it a popular choice for new investors.
What is MEXC Exchange?
MEXC Exchange is a cryptocurrency exchange that was established in 2018. The exchange is based in Singapore, and its name stands for “Mechanical X.” The exchange offers a wide range of cryptocurrencies for trading, including Dogecoin.
One of the things that sets MEXC Exchange apart from other cryptocurrency exchanges is its user-friendly interface. The exchange is designed to be easy to use, even for beginners. In addition, MEXC offers robust security measures to protect users’ funds and personal information.
Another advantage of using MEXC Exchange is its customer support. The exchange has a dedicated customer support team that is available 24/7 to assist users with any issues or questions they may have. This level of support is especially important in the fast-paced world of cryptocurrency trading.
Overall, MEXC Exchange is a popular choice for buying and selling cryptocurrencies, including Dogecoin. Its user-friendly interface, robust security measures, and dedicated customer support make it a great option for both new and experienced investors.
Setting Up Your MEXC Account
If you’re interested in buying and trading cryptocurrency, MEXC is a great platform to start with. With its user-friendly interface and reliable security measures, MEXC makes it easy for beginners to get started. In this guide, we’ll walk you through the process of setting up your MEXC account, verifying your identity, and securing your account with two-factor authentication.
Registering for a MEXC Account
The first step to buying Dogecoin on MEXC is to create an account. This process is quick and easy. Simply go to the MEXC website and click on the “Register” button in the top right corner. From there, you’ll be asked to enter your email address and create a strong password. We recommend using a unique password that you don’t use for any other accounts. Once you’ve entered your information, you’ll be sent a verification code to your email address. Enter the code on the registration page to complete the process.
Once you’ve created your account, you’ll have access to a range of features on the MEXC platform. You can view your account balance, deposit funds, and start trading right away.
Verifying Your Identity
Before you can start trading on MEXC, you’ll need to verify your identity. This is a standard security measure to prevent fraud and money laundering. To complete the verification process, click on the “Account” button in the top right corner, then choose “Verification.” Follow the instructions to upload a photo of your ID and a selfie. This process may take a few minutes, but it’s an important step to ensure the security of your account.
Once your identity is verified, you’ll have access to more advanced features on the MEXC platform. You can withdraw funds, trade with higher limits, and access more trading pairs.
Securing Your Account with Two-Factor Authentication
MEXC takes security seriously, and you should too. One way to protect your account is to enable two-factor authentication (2FA). This adds an extra layer of security by requiring a code from your phone in addition to your password when you log in. To enable 2FA, go to the “Account” section and select “Security.” Choose “Google Authenticator” or “SMS Authentication” and follow the instructions to set it up.
By enabling 2FA, you’ll significantly reduce the risk of unauthorized access to your account. This is especially important if you plan to store a large amount of cryptocurrency on the MEXC platform.
Overall, setting up your MEXC account is a straightforward process that can be completed in just a few minutes. By following these steps, you’ll be able to start trading cryptocurrency on one of the most reliable and user-friendly platforms available today.
Funding Your MEXC Account
Are you interested in investing in Dogecoin? MEXC offers an easy and convenient way to buy and sell cryptocurrencies, including Dogecoin. To get started, you’ll need to fund your MEXC account. Here’s how:
Depositing Fiat Currency
If you prefer to use fiat currency (e.g., USD, EUR) to buy Dogecoin, MEXC has got you covered. You can deposit funds into your MEXC account using a bank transfer or credit/debit card. It’s easy and hassle-free. Simply go to the “Wallet” section on your MEXC account and choose “Deposit.”
Once you’ve selected your preferred payment method, follow the instructions to add your payment method and transfer the funds. MEXC supports a variety of fiat currencies, so you can choose the one that works best for you.
If you already have cryptocurrency (e.g., Bitcoin, Ethereum) in another wallet or exchange, you can transfer it to your MEXC account to buy Dogecoin. This is a great option if you want to avoid using fiat currency or if you already have a cryptocurrency portfolio.
To deposit cryptocurrency into your MEXC account, go to the “Wallet” section and choose “Deposit.” Select the cryptocurrency you want to deposit and follow the instructions to transfer it to your MEXC wallet. MEXC supports a wide range of cryptocurrencies, so you can choose the one that suits your needs.
It’s important to note that MEXC takes security seriously. All deposits are subject to a strict verification process to ensure that your funds are safe and secure. MEXC also uses advanced encryption technology to protect your personal and financial information.
So what are you waiting for? Start funding your MEXC account today and join the exciting world of cryptocurrency trading!
Navigating the MEXC Interface
Understanding the Dashboard
The MEXC dashboard is an essential part of your trading experience. It provides you with all the information you need to make informed trading decisions. The dashboard is divided into several sections, including your portfolio balance, recent trades, and the current market prices for your chosen pairs.
One of the great things about the MEXC dashboard is that it’s highly customizable. You can add or remove widgets depending on your preferences. For example, if you’re only interested in monitoring the price of a particular cryptocurrency, you can add a widget that displays that information prominently on your dashboard.
Exploring the Trading Pairs
MEXC offers a wide range of trading pairs for Dogecoin, one of the most popular cryptocurrencies in the world. These pairs include USDT, BTC, and ETH, among others. To view the available pairs, go to the “Markets” section and select Dogecoin. You’ll see a list of all the available pairs, their current prices, and the percentage change over time.
Choosing the right trading pair is crucial to your success as a trader. Each pair has its own unique characteristics, including liquidity, volatility, and trading fees. It’s essential to do your research and choose the pair that best suits your trading strategy.
Once you’ve selected the pair you want to trade, click on it to open the trading interface. Here, you’ll see a chart that displays the price movements of the pair over time. You can also place buy and sell orders, set stop-loss and take-profit levels, and monitor your trades in real-time.
Overall, the MEXC interface is user-friendly and intuitive, making it an excellent choice for both experienced and novice traders. With its customizable dashboard and wide range of trading pairs, MEXC is an excellent platform for anyone looking to trade cryptocurrencies.
Buying Dogecoin on MEXC
Dogecoin has become one of the most popular cryptocurrencies in recent times, and buying it on MEXC is a straightforward process. Here are some additional details to help you navigate the process with ease.
Placing a Limit Order
If you want to buy Dogecoin at a specific price, a limit order is the way to go. This type of order allows you to set the price at which you want to buy and wait for the market to reach that price. To place a limit order on MEXC, go to the trading interface for your chosen pair and enter the amount of Dogecoin you want to buy. Make sure to set the price at which you want to buy, and choose “Limit Order.” Once the price reaches the limit you set, your order will be executed.
It’s essential to note that the market may not always reach your set limit price. In such cases, your order may remain open until the market reaches your desired price, or you cancel the order.
Placing a Market Order
If you want to buy Dogecoin at the current market price, a market order is the way to go. This type of order allows you to execute your trade immediately at the best available price. To place a market order on MEXC, go to the trading interface for your chosen pair and enter the amount of Dogecoin you want to buy. Choose “Market Order,” and your order will be executed at the current market price.
It’s essential to note that executing a market order means that you may not get the exact price you see on the trading interface. The market price may change between the time you place your order and when it gets executed.
Monitoring Your Open Orders
Once you’ve placed an order, it’s essential to monitor its status to know whether it has been filled, cancelled, or is still open. MEXC provides an “Orders” section on your dashboard, where you can view all your open orders. You’ll be able to see the order’s details, including the order type, amount, price, and status.
If you need to cancel an open order, go to the “Orders” section, find the order you want to cancel, and click “Cancel.” It’s essential to note that you can only cancel an order that is still open. If the order has already been executed, you won’t be able to cancel it.
With these additional details, you can now buy Dogecoin on MEXC with ease. Remember to keep an eye on the market and monitor your orders to ensure that you make the most of your investment.
Alternatives to buying Doge on MEXC
I can’t think of an exchange that does not offer Doge. If you like you can check out some alternative platforms where you can guy DOGE in the US.