Want to know what memecoin is and how to buy step by step?
Today I have a detailed guide for you.
Let's get straight to the basics.
Table of Contents
What is Memecoin?
Memecoin is a relatively new term used to describe a cryptocurrency that is inspired by internet memes. It is a kind of altcoin, which is not of any use, but they can go viral quickly and have a high profit rate
The term memecoin came into use after the success of Dogecoin, a cryptocurrency that was created as a joke but quickly gained a cult following. The rise of his popularity Dogecoin it was largely due to the Internet meme featuring a Shiba Inu dog, which became its official mascot.
Like Dogecoin, memecoins are often created as a joke or parody of existing cryptocurrencies. They are usually based on a popular internet meme or trend and have little to no underlying value or use case. Memecoins are often characterized by extreme volatility, with prices soaring or crashing.
While some memecoins may have a small community of dedicated followers, they are generally not taken seriously by the wider cryptocurrency community. Memecoins are often dismissed as a passing fad or speculative bubble, with little to no long-term potential.
Despite their questionable value and legitimacy, memecoins have attracted significant attention from investors and traders. Some see memecoins as a way to make a quick profit through speculative trading, while others see them as a way to participate in a new and exciting form of digital culture.
However, it is important to note that investing in memecoins involves significant risks. The memecoins they are extremely volatile and can experience rapid price fluctuations. They also lack the same level of regulatory oversight and transparency as more established cryptocurrencies, making them vulnerable to fraud.
How to buy new Memecoins?
Step 1: Create an Exchange account.
To get started, you will need to create an account on the MEXC exchange.
Visit the official MEXC website https://www.mexc.com/ to get 10% and then enter it email saς, one security code and then press send now and you will receive a code in the email you typed above, the Referral Code is the code to get 10% in the platform, as soon as the code comes to you you accept the classic terms that each exchange has and you press Sign up
MEXC | What It Is & How To Buy Cryptocurrencies | Step by Step Investment Guide 2023
How to certify data.
Once you have completed your registration it will put you in the main page the first thing you need to do is go to little face which has and below in the category Login to authenticate your account but if you send cryptocurrencies from another exchange you can use it without data authentication.
How to send Cryptocurrencies to mexc
Initially to buy a coin in the exchange you need to have some cryptocurrencies the easiest way you can do if you want to save the KYC you will go to the category Wallet and after down Overview, and as soon as you enter the page you will click Deposit.
In this category you will be able to send usdt any other cryptocurrency you want from your exchange to the mexc exchange. The process is very simple, you select the TOKEN you want for example USDT TRC-20 and address that you will have below will be what you will send the money or if you are from a mobile you can scan the QR. ( attention to networks when you go to the exchange to send the usdt to be also in TRC-20
How to buy cryptocurrencies
Now to buy cryptocurrencies what we will do is go to category Shop and select Spot
will show you on this page and we will select it ALL to be all the coins, and in the search we will put the currency we want, for example I will buy MAGIC, I will write magic in search and I will choose MAGIC/USDT X4 or DOGE/USDT (x4 is something we will cover in a future article)
Just press MAGIC / USDT we will go to the Spot category we will select Basket Market and we will put the money we want to buy and press Buy MAGIC and that was it.
The process is very simple in the same way you select the category market and put the amounts magic you want to sell and click Sell MAGIC.
DISCLAIMER: Cryptocurrency trading is VERY dangerous. Make sure you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your money.
