MEXC KYC Requirements and Limits
MEXC KYC Requirements and Limits
MEXC is a globally recognized cryptocurrency exchange offering a wide range of trading services, including spot trading, derivatives, and various investment products. This overview details its core features, operational aspects, and Know Your Customer (KYC) requirements.
Core Features
MEXC aims to provide a comprehensive platform for both new and experienced crypto traders. Key features include:
- A vast selection of digital assets.
- Support for both Spot market trading and Futures contract trading.
- High-speed trading engine.
- Various staking and earning opportunities.
Fees Structure
MEXC generally employs a competitive fee structure, often based on a maker-taker model. Fees can vary depending on the trading pair, the user's VIP level, and whether they are trading on the spot or derivatives market. Users holding the native MX token may be eligible for reduced trading fees.
Supported Assets
The exchange supports hundreds of cryptocurrencies, ranging from major assets like Bitcoin and Ethereum to numerous smaller-cap altcoins. For a full list, users should consult the exchange's official asset pages.
Spot and Futures Trading Basics
Trading on MEXC is divided primarily into two segments:
- Spot Trading: This involves the direct buy and sell cryptocurrency of assets, where the transaction settles immediately. Users trade directly from their available wallet balances.
- Futures Trading: This market allows users to speculate on the future price movements of an asset using leverage. MEXC typically offers perpetual futures, which do not have an expiration date. Understanding leverage and associated risks is crucial before engaging in this market. For advanced analysis, traders might study concepts like RSI and MACD Indicators for Crypto Futures: Analyzing Momentum and Trend Strength. Successful futures traders often utilize strategies discussed in Maximizing Profits with Perpetual Contracts: Essential Tips and Tools.
Order Types
MEXC supports standard order types necessary for executing trades precisely according to market conditions:
- Limit order: An order to buy or sell 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.
Liquidity and Markets
The depth of the Order book and trading volume determine market liquidity. MEXC generally maintains high liquidity across its most popular trading pairs, facilitating quick order execution. Users should check the specific volume for less common pairs before placing large orders.
Security Practices
Security is paramount for any exchange. MEXC employs several standard security measures:
- Two-Factor Authentication (2FA).
- Cold storage for the majority of user assets.
- Anti-phishing codes.
Users are strongly encouraged to enable 2FA immediately after registration.
KYC Requirements and Limits
MEXC offers different levels of verification, which directly impact withdrawal limits and access to certain features. While basic trading might be possible without full verification, completing KYC is usually required for higher limits and enhanced security features.
The verification process typically requires submitting personal identification documents.
| Verification Level | Daily Withdrawal Limit (BTC Equivalent) | Required Documents |
|---|---|---|
| Low Limit | Phone/Email Verification | ||
| Medium Limit | Government ID Scan | ||
| High Limit | Proof of Address + Facial Recognition |
Users should consult the official MEXC site for the most current, specific limits applicable to their region.
Funding and Withdrawals
Deposits (funding) can be made via cryptocurrency transfers from external wallets or, in supported regions, through fiat on-ramps. Withdrawals are processed after verification and security checks. Withdrawal times depend on network congestion and the exchange's internal processing speed.
Mobile and Web UX
MEXC provides both a desktop web interface and dedicated mobile applications for iOS and Android. The interface is generally designed to be feature-rich, catering to advanced trading tools while offering simplified views for beginners.
Risks and Responsible Trading
Trading cryptocurrencies, especially utilizing leverage in the futures market, involves substantial risk. Prices are highly volatile, and traders can lose their entire investment. Users should only trade with funds they can afford to lose and should educate themselves thoroughly before trading derivatives.
First Steps Checklist
If you are new to MEXC, follow these initial steps:
- Visit the official registration page: Register here.
- Complete email/phone verification.
- Enable Two-Factor Authentication (2FA).
- Deposit a small amount of cryptocurrency to test the funding process.
- Practice placing a Limit order on the Spot market with a small portion of your funds.
See also (on this site)
- MEXC Exchange: Core Features Explained
- MEXC Supported Cryptocurrencies List
- Assessing Liquidity on MEXC Markets
- Securing Your Assets on MEXC Platform
Recommended articles
- Buy and hold strategy
- Step-by-Step Guide to Trading Bitcoin and Altcoin Futures
- Crypto Futures vs Spot Trading: Key Differences and Security Considerations
- Register here
- Open Interest and Price Action
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| Platform | Futures perks & welcome offers | Register / Offer |
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| 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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