MEXC KYC Requirements and Limits

MEXC: An Overview for New Users

MEXC is a centralized cryptocurrency exchange that has gained popularity for its extensive asset listings and diverse trading products. It serves as a platform for buying, selling, and trading various digital assets.

Core Features

MEXC offers a comprehensive suite of services catering to both novice and experienced traders:

Spot Trading: Direct buying and selling of cryptocurrencies.
Futures Trading: Derivatives trading allowing speculation on future asset prices, including perpetual contracts.
Staking and Earning: Options for users to earn passive income on their held assets.
Launchpad: A platform for new crypto projects to launch their tokens.

Trading Fees

MEXC generally employs a tiered fee structure based on the user's 30-day trading volume and the amount of MX (the native exchange token) they hold. Fees are typically competitive, often structured as Maker (providing liquidity) and Taker (removing liquidity) fees.

Supported Assets

The exchange supports a vast array of cryptocurrencies, often listing newer or smaller-cap tokens before other major exchanges. Users can trade major assets like Bitcoin and Ethereum, alongside thousands of altcoins, across numerous trading pairs. For a detailed list, users should consult the exchange's official asset pages.

Spot and Futures Trading Basics

Spot market trading involves the immediate exchange of one cryptocurrency for another. If you buy BTC with USDT on the spot market, you own the BTC immediately.

Futures contract trading, conversely, involves agreements to buy or sell an asset at a predetermined future date or price. MEXC heavily features perpetual futures, which do not expire. Understanding strategies is crucial here, such as learning What Is a Futures Trading Strategy and How to Build One. Market analysis, including metrics like Open Interest, is also vital: How to Analyze Open Interest and Its Impact on BTC/USDT Futures Markets.

Order Types

MEXC supports standard order types to manage trade execution:

Limit order: An order to buy or sell at a specified price or better.
Market order: An order to execute immediately at the best available current price.
Stop-Limit/Stop-Market Orders: Used primarily in futures trading for risk management.

Liquidity and Markets

MEXC maintains significant liquidity across its major trading pairs, supported by a large user base. The depth of the Order book for popular pairs ensures that large trades can often be executed without causing significant price slippage, although liquidity can vary widely for less popular assets. Traders should also be aware of technical analysis patterns, such as recognizing Absorption and Reversal Patterns.

Security Practices

The exchange implements standard security measures expected of a centralized platform, including:

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

Users are strongly encouraged to enable 2FA immediately upon registration.

KYC Requirements and Limits

Know Your Customer (KYC) verification on MEXC is tiered, offering different levels of access and withdrawal limits based on the information provided.

Verification Levels and Limits Example

Verification Level	Daily Withdrawal Limit (BTC Equivalent)	Required Documents
Unverified	Low Limit	Phone/Email Verification
Level 1 (Basic KYC)	Medium Limit	Identity Document Scan
Level 2 (Advanced KYC)	High Limit	Proof of Address (Optional for higher limits)

Higher verification levels grant increased daily withdrawal caps, which is crucial for active traders moving significant funds. Users must complete the required KYC steps through the platform settings to unlock higher limits.

Funding and Withdrawals

Funding typically involves depositing cryptocurrencies directly to your provided wallet addresses or using fiat on-ramps (where available) to purchase crypto before trading. Withdrawals require passing security checks, including 2FA confirmation, and are subject to the daily limits determined by the KYC level. Processing times vary based on network congestion.

Mobile and Web User Experience

MEXC offers both a web-based trading interface and dedicated mobile applications for iOS and Android. The web platform is generally robust, providing access to advanced charting tools and detailed order book information. The mobile app is designed for on-the-go trading, offering streamlined access to spot, futures, and account management features.

Risks and Responsible Trading

Trading cryptocurrencies, especially derivatives like futures, carries substantial risk. Users can lose their entire investment. It is essential to use appropriate position sizing, avoid over-leveraging, and only trade with funds you can afford to lose. Always conduct thorough research before committing capital.

First Steps Checklist

If you are new to MEXC, follow these steps:

Create an account: Register here
Enable Two-Factor Authentication (2FA).
Complete initial KYC verification to raise withdrawal limits.
Deposit a small amount of cryptocurrency or fiat to test the funding process.
Start with small trades on the Spot market before attempting futures.

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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