Exchanges

Text

does mexc require kyc

MEXC requires Know Your Customer (KYC) verification for users seeking enhanced platform access, including higher-value deposits, withdrawals, and certain cryptocurrency trading.

Nov 13, 2024 at 10:06 pm

Does MEXC Require KYC?

1. Understanding KYC

Know Your Customer (KYC) is a process by which financial institutions identify and verify the identity of their customers. This process typically involves collecting and verifying information such as name, address, government-issued ID, and proof of income.

2. MEXC KYC Policy

MEXC, a cryptocurrency exchange, requires KYC verification for all users who want to access certain features and services on the platform. This includes:

Deposits over a certain amount
Withdrawals
Trading certain cryptocurrencies

3. KYC Verification Process on MEXC

The KYC verification process on MEXC involves the following steps:

Step 1: Submitting KYC Documents

Users need to submit copies of government-issued ID documents (e.g., passport, driver's license), a proof of address (e.g., utility bill), and a selfie holding their ID document.

Step 2: Facial Recognition

Users must complete a facial recognition check to verify their identity against the submitted ID documents.

Step 3: Verification Review

MEXC's team reviews the submitted documents and facial recognition results to verify the user's identity.

4. KYC Approval Time

The KYC verification process usually takes within 24 hours to complete. Once approved, users will have access to the full range of features and services on the MEXC platform.

5. Exceptions

There are a few exceptions to the KYC requirement on MEXC:

Deposits under a certain amount
Basic trading operations
Viewing market data

However, users may be prompted to complete KYC verification if their trading activity exceeds certain thresholds or if MEXC suspects suspicious activity.

Conclusion

MEXC requires KYC verification for all users who want to access certain features and services on the platform. The KYC verification process is designed to enhance security, prevent fraud, and comply with regulatory requirements. By completing the KYC process, users can unlock the full potential of the MEXC platform safely and securely.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

BCA

$10.54

819.68%

Trade Now
CSPR

$0.0204

83.18%

Trade Now
SCRT

$0.4110

78.68%

Trade Now
ANT

$2.47

67.18%

Trade Now
OM

$3.95

62.62%

Trade Now
NOMNOM

$0.0781

42.26%

Trade Now

Latest Crypto News

Bitcoin Hits Record Highs, but Four Altcoins Show Potential for Higher Returns by 2025, Poised to Outshine the Market Leader
2024-11-18 06:25:02
Catzilla Coin, a Crypto Underdog, Eyes 5500% Growth, Poised to Change the Market and Challenge Established Digital Currencies
2024-11-18 06:25:02
The Best Cryptos to Buy This Week: Qubetics, Chainlink, and Toncoin
2024-11-18 06:25:02
MicroStrategy Doubles Down on Bitcoin: A Risky Gamble or Genius Strategy?
2024-11-18 06:25:02
XYZVerse: Where sports and meme coins collide
2024-11-18 06:25:02
The Quantum Conundrum: Are We Ready for the Next Tech Revolution?
2024-11-18 06:25:02

Related knowledge

how to access coinbase without phone number

Nov 13,2024 at 08:20pm

Unlocking Coinbase Without a Phone Number: A Comprehensive GuideIntroductionCoinbase, one of the leading cryptocurrency exchanges, has implemented mandatory phone number verification as a security measure. However, for various reasons, some users may not have access to a phone number or prefer to use the platform without providing it. This article prese...

how to recover coinbase account without phone number

Nov 13,2024 at 10:24pm

How To Recover Coinbase Account Without Phone NumberCoinbase is one of the most popular cryptocurrency exchanges in the world. It is known for its user-friendly interface and its wide range of supported cryptocurrencies. However, like any other online service, Coinbase accounts can be hacked or compromised. If you have lost access to your Coinbase accou...

how to add money to coinbase without bank account

Nov 15,2024 at 08:44pm

How to Add Money to Coinbase Without a Bank AccountCoinbase is a popular cryptocurrency exchange that allows users to buy, sell, and trade digital assets. While bank transfers are the most common way to fund a Coinbase account, there are several alternative methods available for users who do not have a bank account.This article will provide step-by-step...

does zelle work with coinbase

Nov 16,2024 at 09:25am

Does Zelle Work with Coinbase? A Comprehensive GuideIntroductionZelle and Coinbase are two popular platforms in the financial and cryptocurrency realms, respectively. While Zelle facilitates digital money transfers within the United States, Coinbase serves as a leading cryptocurrency exchange. The question of whether these platforms can seamlessly integ...

can i buy bitcoin with zelle on coinbase

Nov 15,2024 at 03:14pm

Can I Buy Bitcoin with Zelle on Coinbase?In the realm of cryptocurrency exchanges, Coinbase stands as a prominent platform, renowned for its user-friendly interface and comprehensive trading options. As the crypto market continues to evolve, the demand for efficient and secure payment methods has surged. Zelle, a popular peer-to-peer payment platform, h...

can you buy bitcoin with coinbase

Nov 15,2024 at 12:16am

Can You Buy Bitcoin with Coinbase?Yes, Coinbase is one of the most popular cryptocurrency exchanges that allows users to buy, sell, and trade various cryptocurrencies, including Bitcoin. In this article, we will provide a comprehensive guide on how to buy Bitcoin with Coinbase.Step 1: Create a Coinbase AccountVisit the Coinbase website and click on the ...