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MEXC does not enforce KYC, rather the exchange offers a flexible Know Your Customer (KYC) policy. Users can access essential features like spot and futures trading, unlimited crypto deposits, and platform events without verification. Unverified accounts have a daily crypto withdrawal limit of 10 BTC.
Completing Primary KYC raises the daily withdrawal limit to 80 BTC, while Advanced KYC is recommended for enhanced platform access and security. Advanced KYC increases withdrawal limits to 200 BTC or $20,000 worth of Fiat per day. This approach ensures a balance between user accessibility and regulatory compliance.
Overall, we consider MEXC to be a good choice for traders seeking anonymous crypto trading platforms.
MEXC KYC Levels and Benefits
Is MEXC Safe to Use Without KYC?
MEXC prioritizes the security of user funds, even for those who choose not to complete KYC verification. The platform has implemented a Proof of Reserves system to promote transparency and trust. Launched on February 22, 2023, this feature allows users to verify that MEXC holds sufficient on-chain assets to cover all user balances.
By comparing MEXC's public wallet addresses with the total user assets, users can independently confirm the platform's solvency. Additionally, MEXC refrains from engaging in financial management services, DeFi mining, third-party lending, or leveraged investments, reducing the risk of fund mismanagement.
These measures ensure that MEXC offers a secure trading environment, balancing user convenience and financial safety—even without mandatory KYC verification.
MEXC Withdrawal Limit
MEXC offers tier-based withdrawal limits depending on the level of KYC verification completed. This flexible system allows users to access platform features and manage their funds according to their verification status.
Unverified (Default): Users can deposit unlimited crypto and withdraw up to 10 BTC per day without completing KYC. Fiat trading is unavailable, but spot and futures trading, as well as platform events, remain accessible.
Primary KYC: Verification raises the daily withdrawal limit to 80 BTC, providing greater flexibility for traders managing larger transactions. Crypto deposits remain unlimited, while spot and futures trading continue to be available.
Advanced KYC (Recommended): For those seeking enhanced access, Advanced KYC offers the highest withdrawal limits of 200 BTC or $20,000 per day. This tier maximizes security while maintaining unlimited deposits and access to all platform features.
The tiered approach ensures that users can choose a verification level that best suits their trading needs while balancing convenience and security.
MEXC KYC Requirements
To ensure a secure trading environment, MEXC implements KYC (Know Your Customer) verification for users seeking enhanced platform access and higher withdrawal limits. The process requires valid identification and follows strict guidelines to maintain compliance with global regulatory standards.
Document Requirements
MEXC supports the following government-issued identification documents for verification:
● ID Card
● Passport
● Driver’s License
Important Notes:
● Residence permits are not accepted.
● Documents must be valid and unexpired.
● Photos must be clear, unaltered, and taken from original documents. Edited or processed images are not permitted.
● Users must meet the legal age requirement to enter binding contracts.
KYC Levels and Requirements
● Primary KYC: Requires submitting an ID for verification. Successful completion unlocks enhanced withdrawal limits and platform features.
● Advanced KYC (Recommended): Requires ID verification and facial recognition for additional security and increased withdrawal limits.
Tips for Successful Verification
● Ensure all personal information is accurate and matches the submitted document.
● Use valid, original documents to avoid verification failure.
● For assistance with failed verifications or other issues, contact MEXC customer service or submit a support ticket for help.
MEXC KYC Institutional Requirements
MEXC offers institutional KYC verification for businesses seeking to trade and manage crypto assets on the platform. This process ensures enhanced security and compliance while providing institutional clients with higher withdrawal limits and access to platform features.
Institutional Verification Process
The procedure includes five key steps:
- Document Preparation
- Data Entry
- Member Information Submission
- File Upload
- Verification Review
Required Documents for Institutional KYC
Businesses must provide the following documentation:
Board Resolution Document Formal approval for account creation (template available).
Memorandum and Articles of Association Legal structure and operational framework of the company.
Company Registration Certificate Proof of business registration.
Shareholder Register Details of current and former shareholders.
Directors Register List of directors elected by shareholders.
Identification Documents Passports of directors, authorized representatives, and individuals managing or holding 25% or more of the company’s shares.
Ownership Structure Chart Visual representation of the company's ultimate beneficiaries (template available).
Screenshot of Company Registration Information Must include the inquiry date and be retrievable from a government website.
Bottom Line
MEXC offers flexible KYC options, ensuring accessibility and security for both individual and institutional users. With tiered withdrawal limits, proof of reserves, and strong verification processes, MEXC balances user convenience with regulatory compliance, creating a secure trading environment for all.
FAQ
Does MEXC require KYC?
MEXC does not strictly enforce KYC verification. Users can access key features, such as spot and futures trading, unlimited crypto deposits, and platform events without verification. Unverified accounts have a daily crypto withdrawal limit of 10 BTC.
Primary KYC increases the withdrawal limit to 80 BTC per day.
Advanced KYC raises the limit to 200 BTC or $20,000 daily, enhancing security and platform access.
Is MEXC legit?
Yes, MEXC is a legitimate exchange prioritizing user security and transparency. The platform launched a Proof of Reserves system in February 2023 to verify that sufficient on-chain assets cover user balances. MEXC refrains from high-risk financial services such as DeFi mining, third-party lending, or leveraged investments, reducing the potential for fund mismanagement.
What are MEXC’s withdrawal limits?
MEXC offers tiered withdrawal limits based on the user's KYC status:
Unverified (Default) - Up to 10 BTC per day
Primary KYC - Up to 80 BTC per day
Advanced KYC - Up to 200 BTC or $20,000 per day
Crypto deposits remain unlimited at all KYC levels, while fiat trading is available only to verified users. Users can choose the verification level that best aligns with their trading needs.
