Depositing cryptocurrency is a fundamental step for anyone looking to trade or invest on digital asset platforms. MEXC, a globally recognized exchange, offers a seamless and secure way to deposit various cryptocurrencies through both its website and mobile application. This comprehensive guide walks you through the entire process—step by step—while highlighting key precautions to ensure your funds are transferred safely and efficiently.
Whether you're new to crypto or an experienced trader, understanding how to correctly deposit assets like USDT-ERC20 or other tokens can prevent costly mistakes such as network mismatches or lost deposits due to incorrect contract addresses.
Depositing Cryptocurrency via the MEXC Website
Step 1: Log In and Navigate to Deposit
Start by logging into your MEXC account at the official website: mexc.com. Once logged in, follow these steps:
- Click on [Assets]
- Select [Spot]
- Then click [Deposit]
This will take you to the deposit dashboard where you can begin the process.
Step 2: Choose Your Cryptocurrency and Network
On the deposit page, select the cryptocurrency you wish to deposit. For this example, we’ll use USDT (Tether) on the ERC20 network.
You can search for your desired coin using the input fields under "Cryptocurrency" and "Network." It's crucial to pay attention here:
Always match the withdrawal network on the sending platform with the deposit network selected on MEXC.
For instance, if you choose ERC20 on MEXC, ensure the same ERC20 network is selected when withdrawing from your external wallet or exchange. Choosing the wrong network may result in irreversible fund loss.
Additionally, verify the token contract address before proceeding. MEXC supports specific contract addresses for each token. If the address doesn’t match, your deposit might not be credited—or worse, could be lost permanently.
If you haven’t generated a deposit address yet, click [Click to generate address] to create one for the selected network.
Step 3: Copy Address or Scan QR Code
After selecting the correct network, MEXC will display a unique deposit address and QR code. You can either:
- Copy the address manually
- Or scan the QR code using your sending wallet
Paste this address into the recipient field of the platform or wallet you’re withdrawing from. Follow that platform’s instructions to initiate the withdrawal request.
Step 4: Wait for Blockchain Confirmation
Once the withdrawal is initiated, the deposited tokens must be confirmed by the blockchain network. The time required depends on current network congestion and transaction fees paid.
After sufficient confirmations, your deposit will appear in your Spot Account. You can monitor this by checking your [Spot] balance.
To review recent activity:
- Scroll down to Recent Deposits on the deposit page
- Or click [History] to view all past deposit records
⚠️ Special Note: For certain tokens like EOS, both an address and MEMO are required during deposit. Failing to include the MEMO will likely result in lost funds. Always double-check such requirements before sending.
Depositing via the MEXC Mobile App
The mobile experience is just as intuitive and secure as the web version.
Step 1: Open the App and Access Wallet
Launch the MEXC app and tap:
- [Wallet]
- Then [Spot]
- Tap [Deposit]
Step 2: Search and Select Your Crypto
Use the search function to find your desired cryptocurrency. Again, we’ll use USDT-ERC20 as an example.
Step 3: Choose Network and Get Deposit Info
Select the appropriate network (e.g., ERC20). Once chosen, MEXC will display:
- Your personal deposit address
- A scannable QR code
Remember:
Confirm that the network matches between MEXC and your sending platform. Mismatched chains equal lost assets.
Also, validate the token’s contract address against MEXC’s supported version. When in doubt, contact Online Support for verification.
If no address appears, tap [Click to generate address] to create one for that network.
👉 Discover a faster, safer way to transfer and trade digital assets across multiple chains.
Step 4: Initiate Withdrawal from Sending Platform
Copy the address or scan the QR code and paste it into the recipient field of your external wallet or exchange. Complete the withdrawal following their interface prompts.
Step 5: Track Deposit Status
After submission, wait for blockchain confirmations. Once confirmed, funds will reflect in your Spot wallet.
To check history:
- Tap the history icon (clock symbol) in the top-right corner of the Deposit page
- Review all previous transactions
Key Tips for Safe and Successful Deposits
Before finalizing any transaction, keep these essential points in mind:
- ✅ Always confirm the correct token and network pair — Sending BSC (BEP20) USDT to an ERC20 address results in permanent loss.
- ✅ Check minimum deposit amounts — Some cryptocurrencies have minimum thresholds. Deposits below this amount are processed but non-refundable.
- ✅ Blockchain confirmation times vary — High traffic on networks like Ethereum may delay confirmations. Be patient.
- ✅ Verify deposit addresses regularly — Occasionally, token upgrades or contract changes may alter deposit addresses. Never reuse old assumptions.
Frequently Asked Questions (FAQ)
Q1: What happens if I send crypto using the wrong network?
If you deposit using an incorrect network (e.g., sending TRC20 USDT to an ERC20 address), your funds may not arrive—and recovery is often impossible. Always double-check network compatibility before confirming any transfer.
Q2: Why do I need a MEMO for some deposits?
Tokens like EOS or XRP require a MEMO or tag alongside the wallet address to identify the recipient correctly. Omitting it means your deposit may go uncredited. Always follow MEXC’s on-screen instructions.
Q3: How long does a crypto deposit take?
Most deposits take between 10 minutes to several hours, depending on blockchain congestion and confirmation speed. Ethereum-based tokens (ERC20) may take longer during peak usage.
Q4: Is there a minimum amount I can deposit?
Yes. Certain cryptocurrencies have minimum deposit requirements (e.g., 10 USDT for ERC20). Transactions below this threshold are accepted but not refundable.
Q5: Can I reuse my deposit address?
Yes, once generated, your deposit address for a specific network remains valid unless revoked due to security updates. However, always reconfirm it before each transaction.
Q6: How do I verify a token’s contract address?
Compare the contract address shown on MEXC with official sources like Etherscan or CoinMarketCap. If they don’t match exactly, do not proceed.
Final Thoughts
Successfully depositing cryptocurrency on MEXC requires attention to detail—especially regarding network selection, contract address validation, and minimum thresholds. By following this guide, you can confidently move your digital assets onto the exchange and prepare for trading or long-term holding.
Whether using desktop or mobile, MEXC provides clear tools and interfaces to support smooth transactions. But remember: blockchain transactions are irreversible. One small mistake can lead to significant losses.