Getting started with crypto trading can super overwhelming. I vividly remember when I tried to make my first trade back in 2018. I had like 1,000 questions running through my mind and it probably took one or two days until I finally made the trade.
However, with the right platform and a streamlined process, making your first trade can be simpler and quicker than you might think.
In this guide, I will walk you through the process of making your first crypto trade on the MEXC platform.
MEXC is a popular exchange known for its user-friendly interface. However, there’s a specific reason why we chose MEXC for this example: It doesn’t require KYC (Know Your Customer) for basic trading functions.
This means you can start trading almost immediately without the lengthy verification processes seen on other platforms. Therefore, it is the perfect platform if you want to get started as fast as possible.
Please note: This guide focuses on the mechanics of making your first trade as quickly as possible and does not cover security measures you should consider when trading cryptocurrencies. Always ensure to educate yourself on securing your investments after you’re familiar with the trading process.
So here’s how the process works:
Your First Crypto Trade in Less Than 15 Minutes —Step #1: Signing Up
Time Required: 5 Minutes
As a first step, you have to sign-up for MEXC. As already mentioned this is a straightforward process since you don’t have to go through a verification process.
- Step 1: Visit the MEXC website and find the “Sign Up” button, usually located in the top right corner of the homepage.
- Step 2: You’ll be prompted to enter basic information such as your email address and to create a password. MEXC may also ask for a mobile number as an optional step for added security.
- Step 3: After agreeing to the terms and conditions, click on the registration button. You will likely need to complete a simple captcha and possibly verify your email address by clicking on a link sent to your inbox.
Congratulations, you now have a MEXC account!
Your First Crypto Trade in Less Than 15 Minutes — Step #2: Adding Funds
Time Required: 3 Minutes
As next step, you need to add some funds to your account. The easies and fastest way is to use your credit card. Here are the details:
- Step 1: Log into your MEXC account and navigate to the “Assets” or “Funds” section, where you’ll find an option to “Deposit.”
- Step 2: Since you’re funding your account for the first time, you’ll select “Deposit by Credit/Debit Card.”
- Step 3: Choose the cryptocurrency you wish to purchase directly. For beginners, buying a stablecoin like USDT (Tether) might be a straightforward option, as it can easily be traded for other cryptocurrencies.
- Step 4: Enter the amount you wish to purchase and fill out your credit card details. Confirm the transaction and follow any additional verification required by your card provider.
Your account is now funded and ready for trading.
Your First Crypto Trade in Less Than 15 Minutes — Step #3: Making Your First Trade
Time Required: 7 Minutes
Time has come: Get ready to make your first trade. I assume at this stage that you already know which cryptocurrency you want to buy. If so, here’s the process to buying your firs cryptocurrency.
- Step 1: Head over to the “Trade” section and select the “Spot Trading” option. This will take you to the trading interface.
- Step 2: On the trading page, search for the pair you want to trade with your deposited funds. For example, if you’ve purchased USDT, you might want to trade for BTC (Bitcoin), so look for the BTC/USDT trading pair.
- Step 3: Under the “Buy/Sell” section, you can enter the amount of BTC you wish to purchase or the amount of USDT you want to spend. Select “Market” order for an immediate trade at the current market price.
- Step 4: Review your trade details and confirm the transaction. You should see your newly purchased BTC (or any other cryptocurrency) in your account balance almost instantly.
And there you have it – you’ve successfully made your first crypto trade!
Important Consideration
This post is designed to highlight how straightforward it can be to start trading cryptocurrency, focusing specifically on executing your first trade as fast as possible.
We chose MEXC due to its ease of use and no need for an immediate KYC process for basic trading activities.
However, it’s crucial to understand that this guide does not cover the vital aspects of securing your trading account and investments. Once you’re comfortable with the trading process, take the time to learn and implement security measures such as enabling two-factor authentication (2FA), using strong and unique passwords, and understanding the best practices for keeping your cryptocurrencies safe.
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