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Home»ALTCOIN NEWS»Do MEXC need KYC?
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Do MEXC need KYC?

By Crypto FlexsFebruary 3, 20255 Mins Read
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Do MEXC need KYC?
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MEXC Rather than implementing KYC, EXCHANGE knows the KYC policy flexibly. Users can access essential functions such as platform events without spot and Future Trading, unlimited cryptographic deposits and verification. The daily withdrawal limit of the non -verification account is 10 BTC.

When the first KYC is completed, the daily withdrawal limit is raised to 80 BTC, and the high -end KYC is recommended for improved platform access and security. Advanced KYC increases the withdrawal limit to 200 BTC or $ 20,000 worth of Fiat. This approach ensures the balance between user accessibility and regulatory compliance.

Overall, we think that MEXC is a good choice for merchants looking for anonymity. Encryption trading platform.

MEXC KYC level and benefits

KYC level

Encryption deposit

Withdrawal

Fiat transaction

Spot/Gift Transaction

Platform event

No KYC (default)

unlimited

10 BTC a day

no

yes

yes

1st KYC

unlimited

80 BTC per day

no

yes

yes

Advanced KYC (recommended)

unlimited

200 BTC / $ 20,000 USD

yes

yes

yes

Is MEXC safe to use without KYC?

MEXC prioritizes the security of user funds for those who choose not to complete KYC confirmation. The platform is A Reserve A system that promotes transparency and trust. Launched on February 22, 2023, this feature allows users to see if MEXC has enough on -chain assets to cover all user balance.

By comparing MEXC’s public wallet address with total user assets, the user can independently check the platform’s ability to pay. In addition, MEXC does not reduce the risk of incorrect management by using financial services, defect mining, third -party loans or investments.

Such measures allow MEXC to provide a safe trading environment that maintains user convenience and financial balance without mandatory KYC verification.

MEXC withdrawal limit

MEXC provides a hierarchical withdrawal limit according to the completed KYC verification level. This flexible system allows users to access the platform function and manage funds according to the confirmation status.

Unproven (default): The user deposits unlimited encryption 10 BTC a day Without completing KYC. Fiat transactions are not available, but you can access spots and futures transactions as well as platform events.

1st KYC: Verification increases the daily withdrawal limit 80 BTCIt provides greater flexibility to traders who manage larger deals. Encryption deposits are maintained unlimited and Spot and FutureS transactions are available.

Advanced KYC (recommended): Advanced KYC provides the highest withdrawal limit for those who want improved access. 200 BTC or $ 20,000 per day. This layer maximizes security while maintaining unlimited deposits and maintaining access to all platform functions.

The hierarchical approach allows users to balance convenience and security, allowing users to choose the most appropriate verification level for trading demands.

MEXC KYC requirements

To ensure a safe trading environment, MEXC implements KYC verification for improved platform access and users who want higher withdrawal restrictions. This process requires effective identification and follows strict guidelines to comply with global regulatory standards.

Document requirements

MEXC supports the ID document issued by the government:

● ID card

● Passport

● Driver’s license

Important memo:

● No permit is allowed.

● The document must be valid and electrical.

● The picture is clear and does not change and must be taken from the original document. Edit or treated images are not allowed.

● The user must meet the legal age requirements to enter a binding contract.

KYC level and requirements

● 1st KYC: You must submit an ID for confirmation. Successful completion unlocks the improved withdrawal limit and platform function.

● Advanced KYC (recommended): ID verification and facial recognition for additional security and withdrawal restrictions are required.

Tips for successful verification

● Make sure all your personal information is accurate and consistent with the submitted documents.

● Use a valid source document to avoid confirmation failure.

● For support for verification failure or other issues, please contact MEXC customer service or submit a support ticket.

MEXC KYC Agency requirements

MEXC provides institutional KYC verification for businesses that want to trade and manage encryption assets on the platform. The process is a high withdrawal limit for institutional customers while strengthening security and regulations compliance, providing access to platform functions.

Institutional verification process

The procedure includes five major stages.

  1. Document preparation
  2. Data input
  3. Submission of member information
  4. File upload
  5. Verification review

Documents required for institutional KYC

Companies must provide the following documents.

Board resolution document Official approval of account creation (template available).

Memorandum and association article The company’s legal structure and operation framework.

Company registration certificate Business registration proof.

Shareholder registration Details of the present and previous shareholders.

Director registration List of directors elected by shareholders.

Identification document Passports, approved representatives and individuals managing or holding more than 25% of the company’s shares.

Ownership Visual expression of the ultimate beneficiary of the company (template available).

Screenshot of Company Registration Information You should be able to include the date of the door and search on the government website.

conclusion

MEXC provides a flexible KYC option to ensure accessibility and security to both individuals and institutional users. MEXC has a restriction on the withdrawal of hierarchies, proof of reserves, and strong verification processes, balancing user convenience and creating a safe trading environment for everyone.

FAQ

Do MEXC need KYC?

MEXC does not strict KYC verification. Users can access major features such as platform events without spot and Future Trading, unlimited cryptocurrency deposits and verification. The daily withdrawal limit of the non -verification account is 10 BTC.

1st KYC Increase the withdrawal limit to 80 BTC a day.

Advanced KYC The limit increases every day to 200 BTC or $ 20,000, improving security and platform access.

Is MEXC legal?

Yes, MEXC is a legal exchange that prioritizes user security and transparency. The platform started a reserve proof system in February 2023 to see if enough whole chain assets cover the user balance. MEXC reduces the potential to manage high -risk financial services such as Defi Mining, third -party loans or leverage investments.

What is the withdrawal limit of MEXC?

MEXC provides a hierarchy withdrawal limit according to the user’s KYC status.

Unproven (default) -Up to 10 BTC per day

1st KYC -Up to 80 BTC per day

Advanced KYC -Up to 200 BTC or $ 20,000 per day

The cryptocurrency deposits are maintained unlimited at all KYC levels, while Fiat transactions can only be used for proven users. Users can choose the level of verification that best suits the transaction request.

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