If you’re looking for a simple and easy way to buy USDT, MEXC offers a way to buy digital currencies with just a couple of clicks and a credit card. The Singapore-based exchange is one of the fastest-growing in the industry due to its accessibility, ease of use, and security.
If you’re keen on purchasing Tether (USDT) seamlessly with a credit card, the MEXC app is a commendable choice. This guide offers you a step-by-step procedure to streamline your purchasing experience.
MEXC App USDT Purchase Guide
Before diving into the process, it’s pivotal to comprehend what USDT truly is. In a nutshell, USDT is a stablecoin pegged to the US dollar. This means for every USDT in circulation, there is a real US dollar backing it, providing it with its much-touted stability in the volatile crypto markets.
Why is it important? Well, USDT allows crypto enthusiasts to build funds for investment in the crypto market without worrying that their funds might lose their value before they are ready to invest in the crypto market.
The MEXC exchange is a globally recognized trading platform that simplifies the buying, selling, and trading of numerous cryptocurrencies. Its user-friendly interface combined with top-notch security features makes it a preferred choice among enthusiasts.
Steps To Buy USDT Using A Credit Card
For starters, you obviously need to create a new account so you can purchase USDT With a credit card safely on the MEXC platform. Doing so is very easy, just follow these steps:
- Download the App: Begin by downloading the MEXC app from your device’s respective app store or visit the MEXC website to sign up.
- Create an Account: Open the app and select ‘Sign Up‘. Input your email address, set a strong password, and follow the on-screen instructions.
- Verification: To ensure security and abide by global regulations, MEXC requires users to undergo a KYC verification process. Make sure all details are accurate to prevent potential issues later.
Buy Tether (USDT) On MEXC Platform
Once your account is set up and verified, purchasing USDT is straightforward, so here are the steps to buy USDT using a credit card:
1. Navigate to the ‘Buy Crypto’ Section
- Understanding the User Interface: To get started on your how-to-use MEXC app for USDT purchase, visit the MEXC app on your mobile phone or web browser. One of the most important sections you need to be familiar with is the ‘Buy Crypto’ section.
- Locating the ‘Buy’ Section: The ‘Buy Crypto’ option is prominently placed, usually on the home screen for immediate access. This section serves as your gateway to purchase a myriad of cryptocurrencies.
- Taking Action: Clicking on this initiates your buying journey. It redirects you to a screen where you can choose your desired cryptocurrency and the payment method.
2. Choose ‘Credit Card’ as Your Payment Method
- Multiple Avenues of Purchase: MEXC, in its bid to offer versatility, provides multiple payment methods. This might include bank transfers, third-party payment apps, or even other cryptocurrencies.
- Why Credit Card?: Opting to use a credit card provides a seamless experience. It’s swift and, for many users, a familiar method of online payment. Additionally, credit card payments often process quickly, making it optimal for timely purchases.
- Selection: Among the list of options, click on the ‘Credit Card’ method. This directs the system to process your purchase using the details you will provide.
3. Select USDT From the Cryptocurrency List
- Diverse Cryptocurrency Options: The MEXC platform, being a comprehensive crypto exchange, supports a broad range of cryptocurrencies, from popular ones like Bitcoin and Ethereum to lesser-known altcoins.
- The Importance of USDT: Amidst this vast list, USDT stands out due to its stablecoin nature, being pegged to the US dollar. This makes it a preferred choice for those seeking fewer market fluctuations.
- Selection Process: Scroll through the list, which is often arranged either alphabetically or based on market capitalization. Once you locate USDT, click on it to set it as your purchase choice.
4. Input The Amount
- Deciding on the Amount: Whether you’re a newbie dipping your toes in the crypto waters or a seasoned investor, deciding on the purchase amount is crucial. Always buy an amount you’re comfortable with, keeping in mind investment goals and risk appetite.
- Currency Options: MEXC typically offers two input methods – either in USD (or your local currency) or directly in USDT. By inputting in USD, you can buy an equivalent worth of USDT, whereas inputting in USDT lets you purchase a specific quantity.
- Instant Calculation: Once the amount is entered, the platform’s robust system offers an instant conversion. This ensures transparency, letting you know exactly how much USDT you’ll receive for your entered amount.
5. Complete the Payment
- Entering Card Details: With the credit card option selected, you’ll be prompted to provide your card details. This would typically include card number, expiry date, CVV, and cardholder name.
- Security Precautions: MEXC employs advanced encryption methods to ensure data safety. However, always double-check details to prevent transaction errors.
- Finalizing the Purchase: Before you hit the confirmation button, review all details meticulously. This not only includes your card details but also the amount of USDT you’re purchasing and any associated fees. Once verified, confirm the payment.
- Completion and Wallet Credit: Post-confirmation, the transaction is processed. In the majority of instances, the purchased USDT reflects in your MEXC wallet nearly instantaneously. This swift action lets you utilize or hold your USDT without delays.
MEXC App USDT Buying Fees Explained
When purchasing USDT on the MEXC app using a credit card, you’ll encounter a transaction fee. This fee is charged by the payment provider for processing the credit card transaction. It’s important to note that this fee is separate from the trading fees that apply when you start trading USDT on the platform.
Once you’ve purchased USDT and started trading on the MEXC platform, you’ll encounter maker and taker fees. Maker fees apply when you add liquidity to the market with a limit order that is not immediately matched, while taker fees apply when you take liquidity from the market with an order that matches an existing one.
Once you have your USDT in hand, you can use it in several ways in the platform, including:
- Trading: Diversify your portfolio by trading USDT for other cryptocurrencies on the platform.
- Staking: Explore staking opportunities to earn interest on your holdings.
- Peer-to-Peer (P2P) Trading: Engage in P2P trades, offering more flexibility and potentially better rates.
How to Trade Bitcoin (BTC)?
To understand the basics of Bitcoin trading, you can read our How To Trade Bitcoin Guide. It can prove helpful for traders who are just getting started with Bitcoin trading. You can also check out our list of top Bitcoin Exchanges To Trade With.
Conclusion
Buying USDT with a credit card on the MEXC app is pretty straightforward once you get the hang of it. By following these steps, you’ll find it’s an easy way to buy USDT with a credit card, giving you a smooth entry into the world of crypto investments. If you’re looking to learn more about this crypto exchange, you can read our exclusive guide on the top benefits of using MEXC.
Disclaimer: The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
