Why is KYC Verification Necessary?
What is KYC Verification?
KYC (Know Your Customer) Verification refers to thoroughly understanding the user of a given service. Completing KYC helps protect your account and asset security, effectively mitigating risks such as fraud, corruption, and money laundering. Additionally, KYC information can assist in quickly recovering your account if you accidentally lose your password or other security credentials.
Why is KYC Verification Necessary?
Completing KYC allows you to enjoy a smooth and seamless trading experience, enhancing overall service convenience and security.
- Improves the security level of your account assets.
- Increases the transaction limits for buying and withdrawing funds.
- Unlocks corresponding trading permissions.
- Grants access to KYC-related events.
Types of KYC Verification
Type | Level | Required Information | Supported Verification Platform(s) |
Individual KYC (ID/Driver's license/Passport) | Primary KYC | Submit basic personal information (name, ID number, date of birth) and upload photos of identification documents. | Web, App |
Advanced KYC | Submit advanced personal information (name, ID number, date of birth), upload or take photos of ID documents, and complete facial recognition. | Web, App | |
Institutional KYC | - | Submit business-related information (company operating details and board authorization documents). | Web Only |
Withdrawal Limits for Different KYC Types
Type | 24-Hour Withdrawal Limit | Other Trading Permissions |
No KYC | 10 BTC | No OTC transactions. |
Primary KYC | 80 BTC | Limited access to OTC transactions. |
Advanced KYC | 200 BTC | Unlimited access to OTC transactions. |
Institutional KYC | 400 BTC | No OTC translations. |
Note: In some countries/regions, users without KYC verification may face a combined deposit and withdrawal limit of 1,000 USDT. Check the page for details.
Who Can Participate in KYC?
Users from countries that aren't restricted by MEXC (countries listed as available on the page), can submit KYC verification. For the list of restricted countries/regions, please refer to the User Agreement.
If you encounter any issues during the KYC process, feel free to contact online customer service or submit a support ticket for professional assistance. Our customer support team is dedicated to providing you with detailed help and assistance.