MEXC KYC Requirements and Trading Limits
MEXC KYC Requirements and Trading Limits
MEXC is a centralized cryptocurrency exchange that offers a wide range of trading services, including spot trading, derivatives, and various investment products. This overview provides a beginner-friendly guide to its core features, requirements, and limits.
Core Features of MEXC
MEXC aims to provide a comprehensive platform for both new and experienced cryptocurrency traders.
- **Asset Variety:** Offers trading for a large selection of cryptocurrencies, including major coins and numerous smaller-cap tokens.
- **Trading Products:** Supports Spot market trading and derivative products, such as Futures contract trading.
- **High Performance:** The platform is known for its high throughput trading engine.
- **Staking and Earning:** Provides various ways for users to earn passive income on their holdings, such as staking or yield farming options.
Fees Structure
MEXC generally employs a tiered fee structure based on the user's trading volume and their holdings of the exchange's native token (if applicable). Fees are typically lower for market makers (users whose orders are added to the Order book) than for market takers (users whose orders immediately fill existing orders).
Supported Assets
The exchange supports trading pairs involving major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), alongside stablecoins such as USDT. The specific list of supported assets is extensive and subject to change as new tokens are listed.
Spot and Futures Trading Basics
Spot Trading
Spot market trading involves the immediate exchange of one cryptocurrency for another (e.g., buying BTC with USDT). This is the most straightforward form of crypto trading.
Futures Trading
MEXC offers derivatives trading, allowing users to speculate on the future price movements of assets without owning the underlying asset. This often involves leverage, amplifying potential gains or losses. Understanding How Crypto Futures Work and Why They Matter is crucial before engaging in this area. For advanced analysis, traders might study patterns, such as A step-by-step guide to identifying and trading the Head and Shoulders reversal pattern in Ethereum futures.
Order Types
MEXC supports standard order types necessary for executing trades according to specific price requirements.
- Limit order: An order to buy or sell an asset at a specific 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 section.
Liquidity and Markets
Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. High liquidity is essential for efficient trading. Traders should examine the depth of the The Role of Market Depth in Crypto Futures Trading for the pairs they intend to trade.
Security Practices
MEXC implements standard security measures common to centralized exchanges:
- Two-Factor Authentication (2FA) for logins and withdrawals.
- Cold storage solutions for the majority of user assets.
- Encryption protocols for data protection.
KYC Requirements and Trading Limits
Know Your Customer (KYC) verification is mandatory for accessing higher withdrawal limits and certain platform features. Verification typically involves submitting personal identification documents.
The trading and withdrawal limits are tiered based on the KYC level achieved. Below is a simplified illustration of typical tiers:
| KYC Level | Daily USDT Withdrawal Limit (Approx.) | Required Verification |
|---|---|---|
| Low Limit | Email/Phone Verification Only | ||
| Medium Limit | ID Document Submission | ||
| High Limit | Facial Recognition / Proof of Address |
Users must complete the required KYC steps to increase their daily withdrawal caps. Users who do not wish to complete full KYC will face significantly restricted access to large fund movements.
To begin using the platform, you can Register here.
Funding and Withdrawals
Deposits (funding) can be made via cryptocurrency transfers from other wallets or exchanges, or sometimes via fiat on-ramps where available.
Withdrawals are processed after verification and are subject to the daily limits determined by the KYC level. Transaction fees apply, which vary based on the network used for the withdrawal (e.g., Ethereum network fees vs. a faster, cheaper network).
Mobile and Web User Experience (UX)
MEXC offers both a web-based trading interface and dedicated mobile applications (iOS and Android). The web platform is generally feature-rich, suitable for detailed analysis. The mobile apps are optimized for on-the-go trading, monitoring positions, and quick order execution.
Risks and Responsible Trading
Trading cryptocurrencies, especially using leverage in Futures contract markets, carries a high degree of risk. Users should only trade with funds they can afford to lose. It is important to understand concepts like margin calls and liquidation. Always conduct thorough research before trading any asset.
First Steps Checklist
1. **Registration:** Complete the initial registration process via Register here. 2. **Security Setup:** Enable Two-Factor Authentication (2FA) immediately. 3. **KYC Decision:** Decide on the required KYC level based on anticipated trading/withdrawal needs. 4. **Funding:** Deposit a small amount of cryptocurrency to test the deposit process. 5. **Familiarization:** Practice placing a small Limit order or Market order on the Spot market before attempting futures trading.
See also (on this site)
- MEXC Platform Features Explained Simply
- Explore Assets Available on MEXC Exchange
- Essential MEXC Order Types for Beginners
- Assessing Liquidity on MEXC Markets
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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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