MEXC KYC Requirements and Limits: Difference between revisions

Latest revision as of 03:19, 15 October 2025

MEXC Overview and Core Features

MEXC is a globally operating cryptocurrency exchange offering a wide range of services for both beginners and experienced traders. Its core features include spot trading, derivatives trading (futures), staking, and various promotional activities. The platform aims to provide competitive trading environments and access to a large selection of digital assets. Users looking to start trading can Register here to create an account.

Key features include:

Wide selection of altcoins.
Support for both Spot market trading and Futures contract trading.
Low trading fees compared to some industry peers.
A robust mobile application for trading on the go.

Trading Products: Spot and Futures

MEXC supports two primary trading environments:

Spot Trading

Spot market trading involves the direct buying and selling of cryptocurrencies for immediate delivery. Users trade assets they already own or purchase assets outright. The platform displays the current Order book reflecting buy and sell interest across various price levels.

Futures Trading

The futures section allows users to speculate on the future price movement of cryptocurrencies using leverage. This involves complex financial instruments, such as perpetual contracts, which do not expire. Understanding leverage and margin is crucial when engaging in futures trading; resources like Understanding Initial Margin Requirements for Cryptocurrency Futures can be helpful. For analyzing market depth, tools such as Mastering Volume Profile Analysis in ETH/USDT Futures for Key Support and Resistance Levels are relevant. Furthermore, monitoring market sentiment through indicators discussed in The Role of Open Interest in Crypto Futures: Gauging Market Sentiment and Risk is recommended.

Order Types

MEXC supports standard order types to facilitate trading strategies:

Limit order: An order to buy or sell a cryptocurrency at a specified price or better.
Market order: An order to buy or sell immediately at the best available current price.
Stop-Limit and Stop-Market orders are also typically available, especially in the futures market, for risk management.

Fees and Supported Assets

MEXC generally employs a tiered fee structure based on trading volume and VIP level. Fees are typically lower for market makers (those providing liquidity) than for market takers (those removing liquidity).

The exchange supports hundreds of digital assets, ranging from major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) to a vast array of smaller-cap altcoins. The specific pairs available for trading in the Spot market and Futures contract markets can change frequently.

Liquidity and Markets

Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. MEXC hosts numerous trading pairs, contributing to generally good liquidity for major pairs. Traders should always check the depth of the Order book for less common assets before executing large trades. For general trading guidance, see Essential Tools for Day Trading Crypto Futures: A Focus on BTC/USDT and ETH/USDT Pairs.

Security Practices

MEXC employs standard industry security measures, including:

Two-Factor Authentication (2FA) for account access and withdrawals.
Cold storage for the majority of user assets.
Anti-phishing codes.

Users are responsible for securing their own login credentials and enabling 2FA.

KYC Requirements and Limits

Know Your Customer (KYC) verification on MEXC is tiered, influencing the daily withdrawal limits and access to certain features. While basic trading may be possible with minimal verification, higher limits and full functionality usually require completing identity verification.

The following table illustrates a typical structure, though specific limits are subject to change by the exchange:

Verification Level	Requirement	Daily Withdrawal Limit (Approximate)
Email/Phone Only \| Low Limit (e.g., 1 BTC equivalent)
Identity Document Upload \| Medium Limit (e.g., 50 BTC equivalent)
Advanced Verification/Address Proof \| High Limit (e.g., 100 BTC equivalent or higher)

Traders must complete the required KYC steps within the MEXC interface to increase their withdrawal capacity.

Funding and Withdrawals

Deposits (funding) are typically available quickly once confirmed on the blockchain network. Withdrawals require KYC verification based on the limits mentioned above. Withdrawal processing times depend on network congestion and internal security checks. Users should always double-check the destination wallet address before confirming any withdrawal.

Mobile and Web User Experience (UX)

MEXC provides both a comprehensive web interface and dedicated mobile applications (iOS and Android). The web platform is generally feature-rich, supporting advanced charting tools necessary for futures analysis. The mobile app focuses on accessibility and quick execution of trades, including monitoring open positions and managing orders.

Risks and Responsible Trading

Cryptocurrency trading, especially involving leverage in futures markets, carries a high degree of risk, including the potential loss of principal investment. Users should only trade with funds they can afford to lose. It is crucial to understand concepts like margin calls and liquidation before trading derivatives. Responsible trading involves setting clear stop-loss orders and avoiding excessive leverage.

First Steps Checklist

For new users ready to begin trading on MEXC:

Complete account registration using Register here.
Enable Two-Factor Authentication (2FA).
Complete the necessary KYC verification steps to set desired withdrawal limits.
Fund the account via crypto deposit or fiat on-ramp (if available).
Practice with small amounts or use the demo trading features if available before engaging in high-leverage trading.

Recommended Futures Trading Platforms

Platform	Futures perks & welcome offers	Register / Offer
Binance Futures	Up to 125× leverage, USDⓈ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days	Sign up on Binance
Bybit Futures	Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks	Start on Bybit
BingX Futures	Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount	Join BingX
WEEX Futures	Welcome package up to 30,000 USDT; deposit bonus from 50–500 USD; futures bonus usable for trading and paying fees	Register at WEEX
MEXC Futures	Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT → get 10 USD)	Join MEXC

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