Step 1: Visit MXC official website www.mxc.ceo and login, and click “OTC”.
Note: You have to complete KYC before doing OTC trading.
Step 2: If this is your first time to do OTC trading, please click “Fiat currency setting” to set your nickname and collection method.
- Input your exclusive nickname
- Add collection/payment methods
Note: MXC supports two collection/payment methods: bankcard and Alipay. You can add them based on your need, but the total shall not exceed 3 methods.
Step 3: Purchase
Method 1: Select “Buy crypto swiftly”> “Based on amount”/ “Based on quantity”(Here takes Based on amount as an example) > Input purchase amount (for example RMB 2000) > Click “Buy USDT”
Note: “Buy crypto swiftly” refers that the system help you match the seller according to the purchase method/amount/quantity you entered.
Then, you can select any payment methods available on the dialog page, and click “Buy USDT”(You can reenter the amount here if there is a mistake).
Method 2: You can also select the proper merchant that suitable for your purchase demand on the merchant list according to the price/payment method/available quantity/limit/30-day closing rate indicated.
After you select the proper merchant, input the quantity or amount you want to purchase (the system will calculate corresponding amount or quantity automatically), and click “Place order”.
Step 4: Payment
The page displays all collection methods of the seller. You can select any one of them and pay by bankcard/Alipay. After payment, you can return the page and click “Payment completed”.
Note: Please complete the payment within the period showed at the left bottom, and do not note anything about cryptocurrency.
Please reconfirm the payment amount and the collection account of the seller. Click “Confirm” after verification.
Then, the system will remind you that the payment completed. You just need to wait for the seller to distribute coin (Do not cancel the order deliberately. Of course, if there is a problem of the order, you can cancel the order before coin distribution).
Note: If the seller haven’t distributed the coin in given time, you can contact the seller by the chat window on the right side or clicking the “Phone”icon. If negotiation failed, you can select “Submit complaint”, and MXC will deal with it.
Step 5: Transaction completed; transfer fiat asset to crypto account
After the seller distributes the coin, “Transaction succeeded” will be indicated. Congratulations, you complete the OTC trading. You can transfer the fiat asset to crypto account to exchange BTC or other digital asset.
Step 6: Selling – Transfer asset into Fiat account
Upon selling fiat asset, you must first transfer your asset from crypto account to fiat account by clicking “Asset transfer” on the upper right corner.
Step 7: Selling
Method 1: Select “Sell crypto swiftly”> “Sell based on amount/quantity”> Input selling amount/quantity > Click “Sell USDT”. Similarly, the system will help you match the merchant based on your requirement.
Method 2: You can also select the merchant who meets your requirement from the merchant list based on the displayed information (price/payment method/available/limit/30-day closing rate).
After selecting the merchant, input the selling amount/quantity (the system will calculate the corresponding amount/quantity ), and then click “Place order”.
Step 8: Wait for payment
The page shows all the payment method of buyer. You can check whether your money arrives at your bankcard/Alipay in the given time.
If not, you can contact the buyer by the chat window on the right side or clicking the “Phone”icon. If negotiation failed, you can select “Submit complaint”, and MXC will deal with it.
Step 9: Transaction succeeded
After payment, “Transaction succeeded” will be indicated. Congratulations, you complete the transaction.
If you meet any issues during trading, please feel free to contact your online customer service.