MEXC KYC Requirements: Can You Trade Without Verifying Your Identity?

Crypto traders woke up to a big shift in June 2024 when MEXC KYC became mandatory across the exchange. The move altered how traders interacted with the platform, particularly those who had previously relied on its anonymous structure. Overnight, compliance and documentation turned into the new norm for anyone looking to trade, withdraw, or access advanced features.

A common question that has arisen since then is: “Can I trade on MEXC without KYC?”. Well, the answer depends on which part of the platform you are trying to access and the level of activity you plan to conduct. Many traders began reevaluating their strategies after the policy took effect, especially those handling large sums or cross-border transactions.

MEXC exchange KYC requirements now come in tiers, each tied to specific withdrawal limits and document verification requirements. Getting familiar with these levels can help move you through the process more efficiently. So, let’s see what changed and how you can navigate the requirements with fewer surprises.

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Does MEXC Require KYC?

Crypto traders often wonder if they can skip identity checks when signing up. That’s why “Can I trade on MEXC without KYC?” keeps popping up in community discussions, reflecting the curiosity of new users exploring the platform.

In MEXC’s case, the answer depends on the scope of activity you plan to pursue. Basic access, such as deposits and spot trading, can be initiated without identity verification, which is why many newcomers gravitate toward MEXC for a quick entry.

However, higher withdrawal limits, futures markets, and exclusive token sales require an additional step: completing Know Your Customer (KYC) verification.

Identity verification refers to the process of confirming a user’s identity through official documents and personal information. On cryptocurrency exchanges like MEXC, this typically includes government-issued IDs such as passports, driver’s licenses, or national identity cards.

The purpose behind this process extends beyond convenience; it is rooted in regulatory requirements under the Bank Secrecy Act.^[1] Financial institutions must demonstrate that they actively prevent money laundering, terrorism financing, and other illicit activities, which is why these checks exist in the first place.

Crypto transaction security is another reason the process carries weight. Confirming a user’s identity helps safeguard deposits and withdrawals by ensuring that only legitimate account holders gain access to funds.

Fraudulent activity and unauthorized trades are less likely to occur when identity details are verified and monitored. Different verification levels also help crypto exchanges assign additional security measures or privileges to accounts that handle larger transaction volumes, which ultimately reduces exposure to potential threats.

In 2024, a wave of discussion about MEXC’s verification policy emerged after some users received emails requiring them to complete verification by June 30 or risk account suspension or termination. Screenshots of the message circulated widely on Reddit, sparking debate over regional compliance rules and the growing trend of exchanges tightening verification requirements.

The notice specifically addressed individuals located in regions where MEXC’s services are restricted, citing its terms of service. The message stated that failure to complete Primary or Advanced KYC before the deadline would result in accounts losing trading capabilities, with only withdrawals remaining available and all open futures positions forcibly settled.

For traders outside restricted regions, the concept of “MEXC no-KYC” remains applicable in a limited sense. KYC completion continues to serve as the gateway to more advanced features and higher account privileges, rather than a forced requirement.

The process grants access to larger withdrawal limits, token launches, and reward programs while aligning user activity with compliance standards. In practice, this means that anyone planning long-term or high-volume trading on MEXC benefits from completing verification early, rather than waiting until stricter measures or region-specific policies take effect.

📚 Read More: What Is KYC in Crypto?

MEXC KYC Levels and Withdrawal Limits

Traders often ask about the exact boundaries of unverified accounts, especially when searching for details like the MEXC withdrawal limit without a KYC. The limits on these accounts determine the extent to which you can operate without completing the verification process.

MEXC no-KYC access primarily benefits users who want quick spot trading, yet it introduces caps and feature restrictions that become noticeable as activity scales. The table below summarizes the withdrawal tiers and access levels across different verification stages.

Table: MEXC KYC levels and withdrawal limits

Looking at the figures, the MEXC withdrawal limit without KYC provides sufficient room for casual traders to conduct small-scale transactions. However, higher-tier privileges, such as OTC trading, larger daily withdrawal allowances, and participation in certain promotions, remain exclusive to verified users.

📚 Read More: Is MEXC Safe?

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How to Complete KYC Verification on MEXC

KYC verification on MEXC can be completed through either the web platform or the mobile application. Both paths follow similar requirements but differ slightly in layout and navigation. Before reaching the verification page, you first need a registered account.

How to Create a MEXC Account

The steps below outline how to sign up through both the website and the app:

Once the account is created, you can log in and proceed to identity verification.

Primary KYC on MEXC

MEXC requires Primary KYC as a basic identity check, and the process can be initiated using one of the methods below.

Web

After logging in, you can begin the process by following these steps:

Completing this process via the website often suits users who prefer handling documents on a larger screen or want quick access to other account settings.

App

Mobile users can follow a similar process through the MEXC app.

After submitting, results for both web and app submissions are typically available within 24 hours.

Advanced KYC on MEXC

Advanced KYC is required for users aiming for higher withdrawal tiers or unlimited OTC access. The process adds facial recognition to confirm identity and must be completed either on the website or the mobile app.

Web

Completing Advanced KYC on the website starts from the same Identification page used in the Primary KYC tutorial earlier:

After this step, all that remains is to wait for the email confirming your verification status.

App

The mobile app allows you to complete Advanced KYC without switching devices, which is convenient when taking real‑time selfies:

In cases where verification fails, MEXC sends an email detailing the reasons and provides instructions to correct the submission. Results can also be checked directly on the Identification page.

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Institutional KYC for Businesses

Institutional KYC on MEXC is designed for companies and organizations that need access to the highest withdrawal tier. This verification type is only available through the web platform and requires extensive documentation to confirm the legitimacy of the business entity.

Follow these steps to complete institutional verification on the MEXC website:

Log in to your MEXC account via the official website. Click on the user icon in the top right corner and select [Identification]. On this page, choose [Switch to institutional verification] to enter the business verification process.

Begin the process by providing company information, including registered address and operating address. Click [Continue] once this section is complete.

Enter the details of key individuals, such as the company’s authorizer, directors, and ultimate beneficiaries. After entering all required information, proceed by clicking [Continue].

Upload the previously prepared documents. After reviewing the confirmation statement, check the box to agree and click the [Submit] button.

The application will enter the review stage. Results will be sent once the verification is processed.

Finalizing institutional KYC ensures that corporate accounts operate at the platform’s highest compliance standard.

Why You May Need to Update Your MEXC Identity Verification

Identity verification on MEXC is not a one‑time process. Over time, changes to your personal details or document status may necessitate updates to keep your account fully functional. Several scenarios can trigger the need to refresh your KYC details:

Table: Common reasons for KYC failure and solutions

This overview helps you identify precisely where the issue lies and apply the correct fix immediately. Once resolved, the next step is resubmitting your documents through either the web platform or the mobile app.

MEXC offers two ways to update identity verification depending on the type of change:

• Self‑Service Update. Available to users with Advanced KYC. Submit an update request through the designated page. Reviews are typically completed within 24 hours.

• Manual Update. Required for major changes like name updates. Provide a photo of yourself holding your new ID, along with a handwritten note that includes your UID, application date, and reason for the update. After review, your current KYC is revoked, and you can reapply with updated information.

Proactive updates maintain compliance and prevent unexpected service disruptions, especially for withdrawals or fiat transactions.

KYC Resubmission on MEXC

Sometimes, even after making the necessary updates, the verification process can fail due to minor details in the submitted documents or photos. Identifying the exact issue helps you correct it quickly and avoid unnecessary delays. Before resubmitting, a few extra steps can reduce the risk of repeat rejections:

• Choose a well‑illuminated room to avoid shadows on your ID photos.
• Wipe the camera lens to ensure clarity.
• Double‑check the spelling of your name and other details before submission.

After resolving the issue, you can resubmit through either the website or the app, just as you did during the initial KYC steps.

On the website:

On the app:

A successful resubmission typically leads to a review within 24 hours, provided the updated documents meet MEXC’s requirements.

MEXC KYC Restricted Jurisdictions

MEXC accepts users from a wide range of countries; however, certain jurisdictions face restrictions due to international compliance and anti‑money‑laundering standards.^[2]

In some cases, users from these regions may be unable to complete registration or trading. Meanwhile, others may face conditional access that limits specific services, such as KYC verification or withdrawals.

The following countries and regions are currently listed as restricted:

• North Korea;
• Cuba;
• Sudan;
• Iran;
• Mainland China;
• Singapore;
• United States;
• Hong Kong;
• Sevastopol;
• Canada;
• Russian‑controlled regions of Ukraine (Crimea, Donetsk, and Luhansk).

MEXC also reserves the right to suspend or terminate activity at any point if suspicious transactions are detected. These measures aim to maintain compliance with global regulations and safeguard the platform’s integrity.

For users in countries that are not restricted, the accepted identification methods can differ. For example, Nigerian users can verify their identity using a national ID, driver’s license, voter’s card, or an international passport. However, the NIN digital ID is not supported (as of writing).

📚 Read More: US Crypto Regulations

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Conclusions

MEXC KYC remains a recurring topic for traders eager to unlock the platform’s full functionality. Questions like "Does MEXC require KYC?" often arise as users want clarity on whether verification levels affect their trading strategies. By learning why the exchange requests documents at certain levels, the reasoning behind identity checks feels less like a hurdle and more like a safeguard.

Equally important are the MEXC KYC requirements, which can shift based on regulatory updates or regional restrictions. Knowing which documents are needed ensures smoother deposits, withdrawals, and access to promotions without unexpected delays. That preparedness reduces last‑minute stress and keeps accounts ready for action whenever market opportunities arise.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Sater, S.: ‘Do We Need KYC/AML: The Bank Secrecy Act and Virtual Currency Exchanges’;

2. Rysin, V., Rysin, M.: ‘The Money Laundering Risk and Regulatory Challenges for Cryptocurrency Markets’.