How to Transfer Bitcoin/Crypto from MEXC Global to CoinDCX Exchange

Introduction

In response to recent actions by the Financial Intelligence Unit (FIU), which issued show-cause notices to offshore exchanges, including MEXC Global, CoinDCX proactively empowers Indian users. Complying with FIU regulations, CoinDCX introduces a crypto deposit feature, ensuring secure and compliant crypto asset transfers to protect Indian users from potential risks associated with offshore exchanges.

With a focus on security and compliance, CoinDCX presents this guide to facilitate the seamless transfer of Bitcoin holdings from MEXC Global to CoinDCX, marking a shift towards a compliant and secure Indian exchange.

Key Considerations Before Initiating a Crypto Transfer

Prior to initiating a crypto transfer from MEXC Global to CoinDCX, several crucial considerations can optimize the process for smoothness and security. Start by verifying the supported cryptos and networks on both platforms to ensure seamless compatibility. Assess associated transaction fees for transparency and cost-effectiveness. Thoroughly check wallet addresses to avoid errors that might lead to asset loss. A comprehensive understanding of withdrawal limits and processing times on both platforms streamlines the transfer, ensuring a hassle-free and secure crypto migration. These considerations are pivotal for a successful and stress-free transfer between MEXC Global and CoinDCX.

Read more: How to make deposits on CoinDCX app

How to Transfer Crypto Assets from MEXC Global to CoinDCX 

Step 1:

To initiate the crypto deposit process from your MEXC Global account to your CoinDCX app, log in to your CoinDCX app and select the ‘Deposit’ button.

CoinDCX Home Page

Step 2:

Select the crypto you want to withdraw from your MEXC Global account and deposit in your CoinDCX account.

Choose Your Token

Step 3:

Once you’ve selected the desired token, find the distinctive QR code and the wallet address for CoinDCX. Copy the wallet address to begin the withdrawal of crypto from your MEXC account.

Deposit Form

Step 4:

Now on the MEXC Global app, head over to the wallets page.

MEXC Home Page

Step 5:

Tap on the ‘Withdraw’ button and then select the crypto you want to withdraw from your MEXC account.

MEXC Funds Page

Step 6:

Next, ensure you choose the ‘on-chain withdrawal’ option.

Withdrawal Page

Step 7:

Confirm all the details on the withdrawal page on the MEXC Global app and ensure all the details are correct. Paste the wallet address from your CoinDCX app here.

Withdrawal Form

Step 8:

Go back to your CoinDCX app and wait for the transfer to appear. Once it’s visible, ensure accuracy by providing a self-declaration confirming the deposit of the token, specifying the purpose of the transfer to comply with Indian regulations. Finalize the process by checking the acknowledgment box at the bottom.

Self Deposit Form

Step 9:

After successfully verifying and following FIU protocols, your transaction proceeds smoothly, depositing crypto assets from MEXC Global to your CoinDCX app!

Token Deposit Now Complete

Conclusion

In summary, mastering the crypto transfer process from MEXC Global to CoinDCX improves your ability to manage and utilize digital assets efficiently. Grasping the nuances of crypto transfers, including supported coins, network compatibility, fees, and transaction limits, eases the migration process.

By following the steps outlined in this guide, you guarantee secure and compliant asset transfers. Embrace these insights for a seamless transition, ensuring the security of your holdings while exploring the diverse offerings of CoinDCX. Begin optimizing your crypto investment journey by transferring assets efficiently between MEXC Global and CoinDCX today.

Screenshots sourced from MEXC Global.

Read more: How to transfer Bitcoin from Binance to CoinDCX crypto exchange app