This time, the FIU (Financial Information Analysis Institute) reported 16 foreign cryptocurrency exchanges mexcnote.com to the investigative agency. The reason is that they did not report it to Korea while operating for Koreans (Korean language support, Korean-only events, and sometimes KRW deposit support).
Since there have been warnings several times before, large exchanges such as Binance ended their Korean language support early. In a way, Binance was wise. Anyway, due to this, deposits and withdrawals on the MEXC exchange are virtually blocked at Upbit, Bithumb, and Coinone.
Because of domestic crypto regulations, overseas exchanges seem like illegal businesses. Nevertheless, it is very good in the long run to get a few holes whenever you have time. Let me show you a fragmentary example.
This is an NPT token made by the Korean game company “Neowiz.” If you look, it was up to $38 on the day of listing. I remember making nearly 1 million won by selling neopin tokens at MEXC. For your information, I could get a token for free just by making an ID. It’s just a copy of money. Thus, coins that are not listed in Korea are often listed overseas in this way.
Then some people might think that it’s useless because they can’t take out money anyway, but it’s not like that. Just transfer USDT to Binance, buy Tron and send it to Korea… If you’re even worried about this, you can keep the tether in your crypto wallet, such as Leisure and Decent, and take it out whenever you need it.
There’s a limit to trying to stop it. Koreans are not fools. In that sense, let’s find out how to join the MEXC exchange today! Even if you don’t do business often, I hope you have at least an account.
Also, the famous stripper “Park Hodu” is famous for using the mexc exchange. We are holding a new subscription event or an event that supports Tether by tens to hundreds of dollars if you achieve the first transaction volume of futures transactions, so I recommend you not to miss it and participate.
The exact way to participate in the event is to enter the “Gift Transaction” in the upper left corner, and then mouse over the Events tab to see various events that are currently in progress. You can check one by one and choose an event that suits you.
Next is the commission rate of mexc. Usually, a fee of 0.02% for a designated price transaction (maker/maker) and 0.06% for a market price transaction (taker/taker) is charged, but when you sign up with an SVIP rating using a specific invitation code, the market price transaction fee is reduced by about 1/3 to 0.04%. Since you’re signing up, it’s better to get a discount.
The difference between the designated price and the market price depends on the act of placing an order in advance in the asking window / signing an order immediately. In the case of market price orders, the commission is more expensive, but MEXC is still cheaper than FTX or Bybit. The fee is similar to that of BANAN (when you sign up for membership with SVIP grade) I will explain how to get a discount by introducing the subscription method below!
MEXC subscription description
Fee discount code included
You can check how to apply SVIP rating through invitation code at the linked homepage at the top of this article. If you create a futures trading account after signing up, the transaction fee discount will automatically be applied at 0.04%.
When you make an ID, you can proceed with either mobile or e-mail. Anything is fine, but personally, it’s more convenient to use a cell phone number. Because sometimes overseas e-mails are treated as spam.
The important part is the password, but you must set it to at least 10 digits and include at least one uppercase or special character. Crypto is a measure to prevent hacking because of its nature.
By the way, you can log in through Kakao Talk after signing up for the MEXC exchange. It’s quite convenient, but what we need to know is not this, but KYC. As you’ve heard a lot, it stands for Know Your Customer and is a process to identify yourself.
To give you a tip, in order to pass the travel rule without any problems in the future, we recommend that you proceed with KYC under the name of a domestic exchange.
Please enter the person-shaped icon in the upper right -> Personalization -> ID in order. You don’t have to do advanced certification There is no problem with just basic authentication.
The KYC screen looks like this: You have to say Korean nationality. And you can choose between passport, resident registration card, and driver’s license for the ID type. And since the last name and name are overseas exchanges, you must write them in English.
Also, when you write the number, you must write it except for the hyphen (-) sign. Lastly, when you upload a picture, you can take it clearly enough to recognize the letters with a JPG file. If you wait about 20 minutes after that, you will be able to completely sign up for the MEXC exchange, and you will be free to trade from then on.
