KYC Requirements and Trading Limits
MEXC: An Overview of Features, Trading, and KYC Requirements
MEXC is a cryptocurrency exchange that offers a wide range of trading services, catering to both novice and experienced users. This overview focuses on the platform's core features, trading mechanics, and essential Know Your Customer (KYC) requirements and associated limits.
Core Features and Supported Assets
MEXC provides users access to a large selection of digital assets. Its core offerings typically include:
- Spot Trading: Direct buying and selling of cryptocurrencies.
- Futures Trading: Contracts that allow users to speculate on the future price of an asset without owning the underlying asset.
- Staking and Earning Products: Options for users to earn passive income on their holdings.
The platform supports a diverse range of cryptocurrencies, including major coins like Bitcoin and Ethereum, alongside numerous smaller-cap altcoins. The exact list of supported assets is subject to change based on market availability and exchange decisions.
Fees Structure
MEXC generally employs a tiered fee structure based on the user's trading volume and the amount of the exchange's native token (if applicable) held. Fees are usually charged as a percentage of the trade value. A basic fee structure might look like this:
| User Tier | Spot Maker Fee | Spot Taker Fee |
|---|---|---|
| 0.20% | 0.20% | |
| 0.18% | 0.18% |
Futures trading often involves separate, generally lower, fee schedules for maker and taker actions.
Spot and Futures Trading Basics
Spot market trading involves the immediate exchange of one asset for another. On MEXC, this means buying BTC with USDT, for example.
Futures trading involves entering into a contract, often using leverage, to buy or sell an asset at a predetermined future date or price. MEXC supports various futures products, including perpetual contracts. Understanding leverage is critical here; while it can amplify gains, it also significantly increases potential losses. For beginners looking into futures, resources like 2024 Crypto Futures: Beginner’s Guide to Trading Stop-Loss Strategies are highly recommended. Users interested in advanced analysis might review materials such as Análisis de Trading de Futuros BTC/USDT - 21 de mayo de 2025.
Order Types
MEXC supports standard order types across its trading interfaces:
- 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, such as setting a protective stop-loss, as detailed in guides like 2024 Crypto Futures: Beginner’s Guide to Trading Stop-Loss Strategies.
Liquidity and Markets
The depth and activity of the Order book determine the liquidity of a market. MEXC generally hosts deep liquidity for its major trading pairs (e.g., BTC/USDT), which helps ensure that large orders can be filled without drastically moving the price. Users should assess the available trading volume before committing significant capital to any specific market.
Security Practices
Exchanges implement security measures to protect user funds and data. Standard security practices on MEXC usually include:
- Two-Factor Authentication (2FA).
- Cold storage for the majority of digital assets.
- Withdrawal confirmation procedures.
Users are always responsible for securing their own account credentials.
KYC Requirements and Trading Limits
KYC (Know Your Customer) verification levels dictate the daily withdrawal limits and sometimes the access to certain products. Generally, MEXC offers tiered verification:
1. Unverified/Basic Account: Often allows limited daily withdrawal amounts, typically requiring only basic identification information or none at all for minimal activity. 2. Verified Account (KYC Level 1/2): Requires submission of government-issued ID and sometimes proof of address. Completing full KYC significantly increases daily withdrawal caps.
Higher KYC levels are mandatory for accessing certain advanced features or achieving higher operational limits. Trading limits (daily withdrawal limits) are directly tied to the verification status achieved. Users should consult the current official MEXC documentation for the precise thresholds associated with each KYC tier.
Funding and Withdrawals
Deposits (funding) are typically supported via cryptocurrency transfers to a designated wallet address provided by the exchange. Fiat deposits may also be available depending on the user's region.
Withdrawals process cryptocurrency from the exchange back to an external wallet. Withdrawal fees apply, and processing times vary based on network congestion and the exchange's internal review procedures.
Mobile and Web User Experience (UX)
MEXC provides both a web-based platform and dedicated mobile applications (iOS and Android). The web interface is typically optimized for detailed charting and complex futures trading, while the mobile apps focus on accessibility and quick order execution. For reviews comparing platforms, users might find resources like Migliori Piattaforme per il Trading di Criptovalute in Italiano: Recensioni e Confronti helpful, though the specific UX comparison for MEXC should be sought independently.
Risks and Responsible Trading
Cryptocurrency trading carries substantial risk, especially when trading on margin or futures. High leverage magnifies both profits and losses quickly. Users should only trade with capital they can afford to lose. Responsible trading involves setting clear risk management rules, such as using stop-loss orders and never over-leveraging.
First Steps Checklist
To begin trading on MEXC, follow these initial steps:
- Register an account: Register here
- Enable 2FA immediately for security.
- Complete necessary KYC verification based on desired withdrawal limits.
- Deposit the desired base currency (e.g., USDT).
- Familiarize yourself with the Spot market interface before attempting futures.
See also (on this site)
- MEXC Spot Trading Explained Simply
- MEXC Spot Versus Futures Basics
- Placing Your First MEXC Order
- Assessing MEXC Exchange Liquidity
Recommended articles
- The Importance of a Trading Journal for Futures Traders
- - Explore how to combine breakout trading with volume analysis for high-probability setups in Bitcoin futures
- Hedging Strategies in Crypto Futures: Combining RSI and MACD for Optimal Risk Control
- Análisis de Trading de Futuros BTC/USDT - 11 de Septiembre de 2025
- Essential Tools for Managing Margin in Crypto Futures 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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