MEXC KYC Requirements and Limits
MEXC KYC Requirements and Limits
MEXC is a centralized cryptocurrency exchange that offers trading services for spot assets, derivatives, and other financial products. This overview provides a neutral summary of its core features, trading mechanics, and regulatory requirements, including Know Your Customer (KYC) procedures.
Core Features Overview
MEXC provides a comprehensive platform catering to both beginner and experienced crypto traders.
- **Asset Diversity:** Offers a large selection of cryptocurrencies for trading.
- **Trading Options:** Supports Spot market trading and derivative products such as Futures contract.
- **User Interface:** Accessible via web platform and mobile applications (iOS and Android).
- **Trading Engine:** Known for high throughput and low latency execution.
Fees Structure
MEXC employs a tiered fee structure based on the user's 30-day trading volume and holdings of the native token, MX. Fees are generally competitive, especially for high-volume traders. Maker fees are often lower than Taker fees.
Supported Assets
The exchange lists hundreds of tokens across various trading pairs, primarily against USDT, BTC, and ETH. New and emerging projects are frequently added to the platform.
Spot and Futures Trading Basics
Spot Trading
Spot market trading involves the immediate exchange of one asset for another at the current market price. Users must hold the base asset to buy or the quote asset to sell.
Futures Trading
MEXC offers perpetual and fixed-term futures contracts. Trading futures involves leverage, allowing traders to control large positions with a smaller amount of capital. Understanding margin is crucial, as detailed in guides like Understanding Initial Margin in Crypto Futures: A Guide to Collateral Requirements. Futures trading analysis often incorporates advanced techniques, such as those discussed in Title : Advanced Crypto Futures Analysis: Leveraging Elliott Wave Theory and Fibonacci Retracement for Optimal Trading.
Order Types
MEXC supports standard order types necessary for executing trading strategies. Understanding these is fundamental to managing risk.
- 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 price in the Order book.
- Stop-Limit and Stop-Market orders are also available for risk management.
Liquidity and Markets
The depth and activity within the Order book determine market liquidity. MEXC aggregates liquidity across various pairs, which is essential for ensuring trades can be executed without significant price slippage. Market analysis often looks at volume profiles, as seen in examples like Combining Breakout Trading and Volume Profile for High-Probability ETH/USDT Futures Trades.
Security Practices
MEXC implements standard security measures, including:
- Two-Factor Authentication (2FA).
- Cold storage for the majority of user funds.
- Anti-phishing codes.
Users are strongly encouraged to enable all available security features to protect their accounts, as detailed in Securing Your MEXC Account Assets.
KYC Requirements and Limits
KYC verification on MEXC is structured in tiers, with increasing limits corresponding to the level of identity verification completed. Verification typically requires submitting government-issued ID and sometimes proof of address or a selfie verification.
The following table summarizes typical withdrawal limits based on verification levels (Note: Specific limits are subject to change by the exchange):
| Verification Level | Daily Fiat Withdrawal Limit (USD Equivalent) | Daily Crypto Withdrawal Limit |
|---|---|---|
| 0 | Low (e.g., 1,000 USDT equivalent) | 0 | Moderate (e.g., 10,000 USDT equivalent) | Varies (Up to 100,000 USDT equivalent) | High (e.g., 200,000 USDT equivalent) |
Users who do not complete KYC may face restrictions on trading volume, withdrawal amounts, and access to certain advanced features.
Funding and Withdrawals
Deposits (funding) are typically fast for cryptocurrencies, relying on blockchain confirmations. Withdrawals require processing time and are subject to daily limits based on KYC status. Users should consult the Depositing and Withdrawing Funds MEXC guide for current network fees and processing times.
Mobile and Web User Experience
The MEXC platform is designed to offer a consistent experience across its web interface and dedicated mobile apps. The web platform generally provides more screen real estate for complex charting and order book analysis, while the mobile app prioritizes quick access and on-the-go trading.
Risks and Responsible Trading
Cryptocurrency trading, especially derivatives trading involving leverage, carries substantial risk. High leverage can amplify both gains and losses rapidly. Users should only trade with funds they can afford to lose and practice sound risk management, such as using stop-loss orders. It is prudent for beginners to start with small amounts on the Spot market before engaging in leveraged products. For those interested in advanced trading strategies, resources such as Crypto Futures Trading in 2024: A Beginner's Guide to Long and Short Positions can be helpful.
First Steps Checklist
1. **Registration:** Register here. 2. **Security Setup:** Enable 2FA immediately. 3. **KYC:** Complete at least Level 1 verification to increase basic limits. 4. **Funding:** Deposit a small amount of cryptocurrency to test the deposit process. 5. **Practice:** Familiarize yourself with the Spot market using a Limit order before trading derivatives.
See also (on this site)
- Understanding MEXC Order Types
- Assessing MEXC Platform Liquidity
- Securing Your MEXC Account Assets
- Depositing and Withdrawing Funds MEXC
Recommended articles
- Crypto Futures Trading in 2024: A Beginner's Guide to Long and Short Positions
- What Is a Futures Clearinghouse and Why Is It Important?
- Funding Rates and Open Interest: Gauging Liquidity in Crypto Futures Markets
- Stop-Loss and Take-Profit Orders
- Crypto Futures Analysis: Using Volume Profile to Identify Key Support and Resistance Levels
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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