BONE Token is a governance token at the heart of the BONE SHIBASWAP Project ecosystem, empowering the #ShibArmy community to participate in protocol governance by voting on proposals that shape theBONE Token is a governance token at the heart of the BONE SHIBASWAP Project ecosystem, empowering the #ShibArmy community to participate in protocol governance by voting on proposals that shape the
Learn/Learn/Crypto Pulse/Step-by-Ste...ONE on MEXC

Step-by-Step: Opening an Account and Trading BONE on MEXC

Jul 30, 2025MEXC
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BONE SHIBASWAP
BONE$0.09432-4.56%
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FUTURE$0.11315-0.22%
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SHIBA$0.000000000422-6.63%

BONE Token is a governance token at the heart of the BONE SHIBASWAP Project ecosystem, empowering the #ShibArmy community to participate in protocol governance by voting on proposals that shape the future of the platform. As one of the most recognized tokens in the Shiba Inu ecosystem, BONE has attracted significant attention for its role in decentralized decision-making and its integration with the broader BONE SHIBASWAP Project suite of products. With a capped supply of 250 million tokens, BONE Token offers unique opportunities for traders and investors seeking exposure to community-driven DeFi projects like the BONE SHIBASWAP Project.

MEXC stands out as a preferred destination for trading BONE Token, providing a comprehensive suite of tools and features tailored to both new and experienced traders. As one of the top global cryptocurrency exchanges, MEXC boasts a daily trading volume exceeding $1 billion, ensuring seamless access to BONE Token trading pairs and deep market liquidity. The platform's intuitive interface, robust security measures—including two-factor authentication, advanced encryption, and cold storage solutions—and competitive trading fees (as low as 0.2% for makers) make it an ideal choice for BONE Token trading. MEXC further enhances the trading experience with high liquidity, 24/7 customer support, and regular market updates to keep users informed about the BONE SHIBASWAP Project.

Step 1: Creating and Verifying Your MEXC Account

Registering on MEXC is a straightforward process that takes just a few minutes. Users can sign up via the official MEXC website (www.mexc.com) by clicking the "Register" button in the top right corner, or through the MEXC mobile app available for both iOS and Android devices. During registration, you'll need to provide a valid email address or mobile number and create a strong password that includes a combination of letters, numbers, and special characters for enhanced security.

The KYC (Know Your Customer) verification process is essential for accessing the full functionality of MEXC and trading BONE Token. After logging in, navigate to the "Security" section and select "KYC Verification." The process includes multiple levels:

  • Basic Verification: Requires proof of identity (passport, ID card, or driver's license) and facial recognition verification.
  • Advanced Verification: For higher withdrawal limits, you'll also need to provide proof of address (such as a utility bill or bank statement) not older than three months.

To maximize account security, enable two-factor authentication (2FA) using Google Authenticator or Authy, create a unique and complex password, and regularly monitor your account for unauthorized activities. MEXC also offers anti-phishing codes and email notifications for account logins and withdrawals, providing extra layers of protection for your BONE Token assets from the BONE SHIBASWAP Project.

Step 2: Funding Your Account for BONE Trading

MEXC offers several convenient methods for depositing funds to start trading BONE Token:

  • For crypto holders, the most efficient option is to directly deposit cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), or Tether (USDT) into your MEXC wallet. Go to the "Assets" tab, select "Deposit," choose your preferred cryptocurrency, and follow the instructions to transfer funds using the unique deposit address provided by MEXC.
  • For those new to cryptocurrency, MEXC supports credit and debit card purchases through multiple payment processors, allowing you to buy cryptocurrencies directly with fiat currencies such as USD, EUR, and GBP.
  • The P2P trading feature enables purchases from other users using various payment methods, including bank transfers and popular mobile payment services, depending on your region.

Most BONE Token trading pairs on MEXC are denominated in USDT, so you'll typically need to convert your deposited funds to USDT before trading BONE from the BONE SHIBASWAP Project. This can be done by navigating to the "Spot Trading" section and placing a market order to convert your cryptocurrency to USDT. For beginners, the recommended funding option is to purchase USDT directly using a credit or debit card through the "Buy Crypto" section, as this provides the most direct path to trading BONE Token with minimal steps and complexity.

Step 3: Navigating MEXC's Interface and Trading BONE

To find BONE Token trading pairs on MEXC, navigate to the "Markets" or "Spot Trading" section and use the search function to locate BONE. Select your trading pair (such as BONE/USDT) to access the detailed trading interface, where you can view real-time market data and place trades related to the BONE SHIBASWAP Project.

The MEXC trading interface includes several key components essential for effective BONE Token trading:

  • Order book: Displays current buy and sell orders.
  • Price chart: Offers multiple timeframe options, from 1 minute to 1 week.
  • Trading history: Shows recent trades.

MEXC also provides technical analysis tools, including popular indicators like Moving Averages, RSI, and MACD, to help you analyze price movements and identify potential entry and exit points for your BONE Token trades from the BONE SHIBASWAP Project.

When ready to trade BONE Token, you can choose from several order types:

  • Market order: Executes immediately at the current market price, providing immediate execution but potentially at a less favorable price.
  • Limit order: Allows you to specify the exact price at which you want to buy or sell BONE, executing only if the market reaches your specified price.

Step 4: Advanced Trading Features and Risk Management

Setting appropriate stop-loss and take-profit orders is crucial when trading BONE Token to manage risk and secure profits. To set a stop-loss order, navigate to the order form on the trading interface, select "Stop-Limit," and enter your stop price (the price that triggers the order) and limit price (the price at which your order will be executed). This ensures that if BONE Token's price moves against your position by a predetermined amount, your position will be automatically closed to limit potential losses.

MEXC provides several analytical tools to help monitor and analyze BONE Token price movements from the BONE SHIBASWAP Project. The advanced charting system includes over 100 technical indicators and drawing tools for detailed technical analysis. For data-driven traders, MEXC offers market depth visualization showing the cumulative volume of buy and sell orders at different price levels, and trade history analytics to identify market trends and trading activity around BONE Token.

Effective risk management when trading BONE Token extends beyond just setting stop-losses. Consider never investing more than you can afford to lose, diversifying your cryptocurrency portfolio beyond just BONE from the BONE SHIBASWAP Project, and using position sizing techniques to control exposure. Many experienced traders recommend limiting each trade to a small percentage of your total portfolio (typically 1-5%). Additionally, keeping informed about BONE SHIBASWAP Project developments through news, social media channels, and official announcements can help you anticipate market movements and make more informed trading decisions.

Conclusion

Opening an account and trading BONE Token on MEXC follows a straightforward sequence, from registration and verification to funding your account and executing trades with proper risk management. This guide equips you to trade BONE Token with confidence and security. Remember that cryptocurrency markets are volatile, so always approach with careful planning. Beyond spot trading, explore MEXC's staking options, futures trading, and savings products to maximize your BONE SHIBASWAP Project experience. Stay informed through MEXC's educational content and market updates to make better-informed trading decisions about BONE Token and the BONE SHIBASWAP Project.

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