want to transfer their assets to MEXC, but"not knowing how to deposit funds" or "being afraid of losing their assets by choosing the wrong network."Overseas exchanges operate a little differently from domestic exchanges, and in particular,choosing the wrong network can result in the loss of deposited assets, so it's natural to be cautious at first.
Since MEXC does not accept direct deposits of Japanese yen,sending (depositing) cryptocurrency purchased from a domestic exchange or similar platform to MEXC. This article outlines the deposit procedure in five steps for beginners and provides a detailed explanation of the most common pitfall: "network selection."
Conclusion | Key Points for MEXC Deposits
- The process involves 5 steps: Open your wallet → Choose a currency pair → Choose a network → Copy the deposit address → Paste it into the sender field and send.
- The most important thing is "network matching." If you don't choose the same network for both the sender and the recipient (MEXC), you risk losing your assets.
- MEXC does not charge a deposit fee. However, withdrawal fees and network fees from the sending institution will be charged separately.
- Direct deposits in Japanese yen are not accepted. For some cryptocurrencies, such as XRP, entering a destination tag (memo) is required
*This article was created by the MoneyCharger editorial teamtheir content creation policy, based on the official MEXC deposit guide (as of August 2026). Screen displays and procedures may change, so please be sure to check the latest information on the official website and app before actually performing any operations.
The overall picture and prerequisites for depositing funds into MEXC
Before we get into the specific steps, let's review the overall process and prerequisites for deposits. Depositing funds into MEXC proceeds as follows:
- Japanese yen cannot be deposited directly: Purchase Bitcoin or USDT (a US dollar-pegged stablecoin) at a domestic exchange and then transfer it to MEXC.
- A MEXC account is required first : If you don't have an account yet, it's best to open one first using the complete guide to opening a MEXC account.
- you've completed the Know Your Customer (KYC) verification process, your deposit and withdrawal limits will increase, allowing you to use the service with peace of mind.
Now we'll move on to the actual steps. This time, as an example, we'll proceed with depositing USDT (Tether), which is used by many people . The screenshots are from the PC version, but the process is the same in the app.
MEXC Deposit Procedure
Deposit instructions for MEXC (5 steps)
Open the deposit screen from your wallet, select the currency and network, and obtain the deposit address. Paste that address into the sender field and send the funds to complete the deposit
Step 1
Log in to MEXC and open your wallet
Go to the official MEXC website, log in, and select "Overview" from the "Wallet" menu at the top of the screen. This screen is the starting point for the deposit process
*If you have two-factor authentication enabled, please have your authentication code ready. Always log in through the official website or app, and be careful of phishing sites
Step 2
Choose the securities to deposit into
Click the "Deposit" button and select the cryptocurrency you want to deposit. Here, we'll use USDT (a stablecoin pegged to the US dollar with low price fluctuations) as an example. Choose the same cryptocurrency you prepared on your sending device, such as BTC, ETH, or XRP
Step 3
Choosing a network (most important)
Once you select a cryptocurrency, a list of available networks will be displayed.choose the same network as the sender. For USDT, options include TRC-20 (lower fees) and ERC-20 (more common but higher fees).
*Please note that selecting the wrong network and making a deposit may result in the complete loss of your assets. If you have any questions, please contact MEXC support before making a deposit
Step 4
Check and copy the deposit address
Once you select a network, a deposit address (an alphanumeric string) and a QR code specific to that network will be displayed. This is equivalent to a bank account number. Copy it accurately using the copy button, or if using the app, scan the QR code
*Please copy and paste the address and avoid entering it manually. Even a single character difference will prevent the payment from being processed
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affix the sticker to the sender's address, send the money, and confirm receipt
On the withdrawal screen of your sending exchange or wallet, paste the copied MEXC address and send the funds. After sending, you can check the progress of the deposit in MEXC's "Fund History". Once the blockchain confirmation is complete, the funds will be automatically reflected in your spot trading account
*While MEXC does not charge a deposit fee, withdrawal fees and network fees (gas fees) from the sending source will be charged separately. If you are concerned, it is safest to first send a small test transfer before sending the full amount
The screen display may change. Please also refer to the official website and app for actual operation instructions. → MEXC OfficialCryptocurrency Deposit Guide
The most important point for deposits: Don't make the wrong network selection
The biggest problem with deposits is,The sending and receiving networks do not matchThis is the point. If the network is different, there is a risk that the funds will not be received or that you may lose your assets. Let's understand the mechanism with a diagram
| network | Features |
|---|---|
| TRC-20 (TRON) | It has low fees and fast transfers. It is often used for USDT transfers |
| ERC-20 (Ethereum) | This is the most common option, but fees (gas charges) tend to be higher during peak hours |
| PolyGon | Ethereum-based low-cost network (compatibility depends on the cryptocurrency and the sender) |
The selection criteria are simple:choose a network that is supported by both the sender and MEXC. Before sending, be sure to compare the network name displayed on the sender's withdrawal screen with the network name displayed on the MEXC deposit screen to ensure they are the same.
Be careful with cryptocurrencies that require a "destination tag (memo)," such as XRP
For some cryptocurrencies, such as XRP,a "Destination Tag (Memo)". If this applies to you, a warning will appear on the MEXC screen stating, "If you do not enter a destination tag, your assets may be lost."enter both the address and the tag accurately. Forgetting to enter the tag is a typical cause of deposit problems.
The main cryptocurrencies that often require destination tagsXRP (Ripple), XLM (Stellar), and ATOM (Cosmos). When depositing these, be sure to check both the address and the tag.
MEXC Pre-Deposit Checklist
Before pressing the send button, please be sure to check the following points. Following these points will prevent most deposit problems
- Network Matching: Are you using the same network as the sender and MEXC?
- Copy and paste the address: Do not type it manually; check that the pasted address matches.
- Destination tag (memo): Have you entered the required currency (e.g., XRP)?
- Minimum deposit quantity: Check if it is below the minimum quantity for each stock.
- If you're unsure, do a small test: When sending money to a new recipient for the first time, send a small amount first to confirm that the money has been received.
Frequently Asked Questions about MEXC Deposits
What are the deposit fees for MEXC?
MEXC does not charge any fees for cryptocurrency deposits. However, withdrawal fees and network fees (gas fees) may apply from the sending exchange or wallet. It is best to check the terms and conditions of the sending source in advance to be sure of the actual costs
Can I deposit Japanese Yen into MEXC?
You cannot deposit Japanese yen directly. The basic procedure is to purchase cryptocurrency (such as USDT or Bitcoin) at a domestic exchange and then transfer it to MEXC
What is the minimum deposit amount for MEXC?
While there isn't a clearly defined minimum deposit amount (based on monetary value), each stock has a "minimum deposit quantity," and deposits below this amount may not be processed. Please check the notes for the relevant stock before making a deposit
How long does it take to deposit money into MEXC?
The processing time varies depending on the securities you use and the network congestion. It can be as quick as a few minutes, but can take several tens of minutes to over an hour if the network is congested. If the funds are not reflected, check the progress in MEXC's "Fund History"
I made a payment, but it hasn't been reflected in my account. What should I do?
First, check the deposit progress (network approval status) in MEXC's "Fund History." This may take some time if the network is congested. If you suspect you have selected the wrong network or forgotten to include the recipient tag, note down the transaction history (transaction ID) of the sender and contact MEXC customer support
Summary | If the network is matched, deposits are not difficult
Depositing money into MEXC involves five steps: "Open your wallet → Select a currency → Select a network → Copy the address → Paste it into the sender's address and send ." While it may seem complicated, the key is simply to "match the networks used by the sender and recipient ." By also being mindful of using tags like XRP and performing small test transfers, you can virtually eliminate deposit problems.
If you're planning to use MEXC,opening an account through MoneyChat will allow you to receive cashback for every trade. Before you deposit funds and start trading, make sure your account is eligible for cashback.
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If you don't already have a MEXC account, opening one beforehand will make deposits smoother. → See the complete guide to opening a MEXC account.
