KYC Requirements and Account Limits MEXC

Introduction to MEXC

MEXC is a global cryptocurrency exchange that offers a wide range of trading services, including spot trading, derivatives (futures), and various investment products. It aims to provide a secure and efficient platform for users worldwide. To use the platform fully, users must understand its core features, fee structure, and Know Your Customer (KYC) requirements.

Core Features

MEXC supports trading across several domains:

Spot Trading: Direct buying and selling of cryptocurrencies.
Futures Trading: Users can trade perpetual or fixed-term Futures contracts, allowing for leverage.
Staking and Earning: Various products allow users to earn passive income on their holdings.
M-Day/Launchpad: Opportunities to participate in initial exchange offerings (IEOs) or special events.

Trading Fees

MEXC employs a tiered fee structure based on the user's 30-day trading volume and the amount of MX (the native token) held. Fees are generally competitive, especially for high-volume traders.

User Tier	Spot Maker Fee	Spot Taker Fee
0.20% \| 0.20%
0.18% \| 0.18%

Trading futures contracts typically involves separate, often lower, maker/taker fees than spot trading. Users should also be aware of funding rates when holding perpetual futures positions.

Supported Assets

MEXC is known for listing a diverse and extensive array of assets, often including newer or smaller-cap tokens alongside major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Users can find detailed lists on the exchange interface.

Spot and Futures Trading Basics

Spot Market

In the Spot market, assets are exchanged immediately at the current price. Users buy the base currency using the quote currency (e.g., buying BTC with USDT).

Futures Market

The futures market allows traders to speculate on the future price movement of an asset without owning the underlying asset. Leverage can amplify both potential gains and losses. Strategies like hedging are common in this environment. Successful futures trading often involves technical analysis, such as employing indicators mentioned in guides like Breakout Trading with RSI.

Order Types

MEXC supports standard order types essential for executing trades according to specific price conditions:

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 for risk management to automatically trigger a trade when a certain price is reached.

Understanding these types is crucial for managing entries and exits efficiently, as detailed in Essential MEXC Order Types for Beginners.

Liquidity and Markets

The exchange generally maintains high liquidity for major trading pairs (e.g., BTC/USDT, ETH/USDT). Liquidity dictates how easily an asset can be bought or sold without significantly affecting its price. Deep liquidity is visible in the Order book. Users can assess market depth, as discussed in Assessing MEXC Trading Liquidity Levels.

Security Practices

MEXC implements several security measures to protect user funds and data:

Two-Factor Authentication (2FA).
Cold storage for the majority of digital assets.
Withdrawal address whitelisting.

Users are strongly encouraged to review platform security recommendations, detailed in Securing Your Assets on the MEXC Platform.

KYC Requirements and Account Limits

Know Your Customer (KYC) verification is mandatory for accessing full platform features, particularly higher withdrawal limits.

KYC Tiers

MEXC typically offers several verification tiers. Basic verification (often requiring only identity document submission) unlocks standard daily withdrawal limits. Full verification (which may require proof of address and facial recognition) significantly increases these limits.

Account Limits

Limits are tied directly to the KYC level achieved. Unverified accounts have very low or negligible withdrawal limits, while fully verified accounts can transact much larger volumes. Exceeding these limits, especially daily withdrawal caps, requires upgrading the KYC status.

Funding and Withdrawals

Deposits of cryptocurrencies are generally processed once the required network confirmations are met. Fiat deposits may vary based on geographical location and supported methods.

Withdrawals require network confirmation and are subject to the daily limits based on the user's KYC status. Users should always verify the withdrawal address and network before confirming a transaction.

Mobile and Web User Experience (UX) =

MEXC provides both a comprehensive web interface and dedicated mobile applications (iOS and Android). The web platform often offers more detailed charting and analysis tools, while the mobile app prioritizes accessibility and quick trading execution on the go. Both interfaces are designed to clearly display market data, open orders, and portfolio balances.

Risks and Responsible Trading =

Cryptocurrency trading carries significant risk, including high volatility and the potential for total loss of capital. Leverage trading amplifies these risks. Users should only trade with funds they can afford to lose and employ risk management techniques like setting stop-loss orders. Responsible trading involves continuous learning, as suggested by resources on topics like chart patterns.

First Steps Checklist =

To begin trading on MEXC, follow these initial steps:

Create an account using the link: Register here.
Enable Two-Factor Authentication (2FA) immediately.
Complete the required level of KYC verification to increase withdrawal limits.
Deposit funds (crypto or fiat) into your MEXC wallet.
Practice placing a small Limit order on the Spot market first.

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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