6 minute read
Does MEXC Require KYC for Withdrawal? What You Need to Know
from MEXC
by Exness_India
If you're using or considering using MEXC as your cryptocurrency exchange, one of your top concerns is probably: Does MEXC require KYC (Know Your Customer) for withdrawal? The short answer is no, MEXC does not require KYC for withdrawals, but with important limitations.
Let’s dive deeper into what this means for users, how MEXC handles KYC, what the limits are, and what you need to be aware of when using this popular exchange.
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What Is KYC and Why Does It Matter?
KYC (Know Your Customer) is a verification process that requires users to submit identity documents such as a passport, national ID, or driver’s license. Most centralized crypto exchanges implement KYC procedures to comply with regulatory requirements and prevent illegal activities such as money laundering, fraud, and terrorism financing.
While KYC is a legal necessity for many platforms, it can be a concern for users who value privacy, speed of access, or who live in countries with limited access to international exchanges.
That’s why MEXC stands out in the current landscape.
So, Does MEXC Require KYC for Withdrawals?
No, MEXC does not mandate KYC for withdrawing funds. Users can deposit, trade, and withdraw crypto without undergoing the identity verification process — as long as their withdrawal amount stays under a certain daily limit.
This KYC-optional policy makes MEXC an appealing choice for users who prioritize privacy and decentralization, or who simply want a fast, frictionless trading experience.
However, there are a few important caveats to consider.
What Is the Withdrawal Limit Without KYC on MEXC?
Currently, MEXC allows unverified users (those who haven’t completed KYC) to withdraw up to 30 BTC per day (or its equivalent in other cryptocurrencies). This is a high limit compared to most other centralized exchanges.
To put it into perspective:
Binance allows only 0.06 BTC/day for non-KYC users.
KuCoin has also tightened withdrawal limits for non-KYC users recently.
Many other exchanges now block all withdrawals without KYC.
So in terms of withdrawal flexibility without KYC, MEXC is among the most generous in the industry.
What Happens If You Want to Withdraw More Than the Limit?
If your withdrawal needs exceed the 30 BTC daily threshold, you’ll need to complete KYC verification. The process includes:
Submitting a valid government-issued ID.
Possibly a selfie or facial recognition scan.
Address verification (in some cases).
Once verified, your account may enjoy higher withdrawal limits, potentially unlimited, depending on MEXC’s internal policies and the level of KYC completed.
Why Does MEXC Allow Withdrawals Without KYC?
MEXC operates in a more flexible regulatory environment compared to exchanges based in the U.S., EU, or other heavily regulated regions. As a result, it has the freedom to offer services with fewer restrictions, as long as users don’t violate specific national laws.
Here are a few reasons why MEXC allows this:
User Acquisition: A KYC-free experience lowers the barrier to entry, attracting users quickly.
Speed: Users can sign up and start trading in minutes.
Privacy: MEXC appeals to those in regions with restrictive banking systems or who value financial privacy.
Global Reach: Many of MEXC’s users are based in regions where KYC is either difficult or undesired.
However, this policy may change in the future depending on evolving global regulations.
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Does This Mean MEXC Is Unsafe or Non-Compliant?
Not necessarily. While MEXC is more relaxed on KYC, it still has security mechanisms in place to prevent abuse:
IP monitoring and device verification
Anti-money laundering (AML) monitoring
Two-factor authentication (2FA)
Suspicious withdrawal flags and freezes
MEXC reserves the right to request KYC at any time if suspicious activity is detected. So, even if you’re not asked to verify your identity up front, you should still use the platform responsibly.
What Can You Do Without KYC on MEXC?
Here’s what’s currently possible on MEXC without verifying your identity:
Sign up with just an email address
Deposit crypto
Trade spot and futures
Use margin trading
Participate in staking or launchpad
Withdraw up to 30 BTC/day
In short, you get almost full functionality without going through KYC — which is rare in today’s crypto exchange ecosystem.
Are There Any Drawbacks of Not Completing KYC?
Yes, there are potential limitations or risks:
Withdrawal Limits: As mentioned, you’ll be capped at 30 BTC per day.
Restricted Features: Some promotions or features may be gated behind KYC (e.g., high-yield staking, certain launchpad projects).
Risk of Freezing: If there’s any suspicious activity, your account could be temporarily frozen pending identity verification.
Fiat onramps: Buying crypto with credit cards or bank transfers may require KYC.
Future Restrictions: MEXC may change its KYC policy in response to regulatory pressures.
If you’re a serious or high-volume trader, it may be worth doing KYC from the start to avoid interruptions later.
Is MEXC Legal to Use Without KYC?
Yes, but it depends on your country of residence.
MEXC is available globally, but not all countries are supported. For instance, it restricts users from:
The United States
Canada (in some provinces)
North Korea
Iran
Cuba
Crimea region
If you reside in a restricted country and try to use MEXC without KYC, you’re taking a risk. MEXC’s terms of service may prohibit such access, and your account could be frozen at any time.
Always check MEXC’s Terms of Use and ensure your location is not on their banned list.
Should You Use MEXC Without KYC?
It depends on your needs.
✅ Use MEXC without KYC if:
You’re a casual or privacy-focused trader.
You want quick access without sharing your ID.
You’re withdrawing below 30 BTC/day.
You live in a supported country.
🚫 Consider doing KYC or using another exchange if:
You want fiat-to-crypto options.
You need higher withdrawal limits.
You don’t want the risk of sudden KYC requests.
You’re using a business or institutional account.
Final Thoughts: MEXC Is One of the Last Big Exchanges Without Mandatory KYC
In 2025, it’s increasingly rare to find a reputable centralized exchange that allows non-KYC withdrawals. MEXC remains one of the last major players offering this option, making it attractive to crypto enthusiasts who prioritize privacy, speed, and accessibility.
However, policies can change overnight. If you’re planning to keep large balances or trade actively, it’s smart to consider completing KYC at your own pace to avoid disruption.
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