Step-by-Step Guide: How to Trade Pendulum’s PEN Token on MEXC
We are happy to share that the PEN token’s first listing is now live on the MEXC Global exchange. In this article, we will provide a comprehensive guide on how to trade on MEXC and ensure that our Pendulum community is well-informed on how trading on the platform works.
Firstly, it is essential to note that the PEN token ticker on MEXC is “PENDULUM” because there is already another PEN token on this particular exchange. However, when PEN lists on other exchanges, it will utilize the PEN ticker. We urge our community to exercise caution and trade diligently. To trade, please follow the link or read on for more information.
Step 1: Create account
To register a new MEXC account, follow the step-by-step guidance here. You will need to verify your account with an email verification code. If the verification code does not work the first time, try resending it.
Step 2: Add security to your account
While it is possible to buy and sell PEN tokens without adding additional security to your MEXC account, you will need to set up additional security in the form of 2-factor authentication or by adding a mobile number to your account before making a withdrawal. You also have the option to KYC, which will increase the daily withdrawal limit. The more secure your account is, the less likely you are to encounter any issues. Click here to monitor the security of your account.
Step 3: Deposit & withdraw
Before making a trade on MEXC you will need to deposit funds. Click on Deposit and choose which currency to deposit. The trading pair for PEN on MEXC is PENDULUM and USDT. So to purchase PEN tokens, you will need to use USDT.
Step 4: Trade
To buy and sell PENDULUM tokens, click here and simply choose your preferred type of trade. You can place a Limit Order, Market Order or Stop-limit Order.
Summary
Stay updated on all the latest advancements by joining the Pendulum community on social media. We are glad to have you with us on this journey to connect all fiat currencies with the DeFi universe and pave the way for a decentralized Forex (DeFo) future.
About Amplitude
Pioneering the internet of fiat. Amplitude is the sister network of Pendulum on Kusama. It will act as a testing ground for Pendulum applications and network parameters and be powered by the AMPE token.
About Pendulum
Building the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain based on Polkadot’s Substrate. Allowing traditional finance fiat services to integrate with DeFi applications such as specialized forex AMMs, lending protocols, or yield farming opportunities. Developed by SatoshiPay.
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