Can MEXC contracts be withdrawn?

MEXC contracts do not have an expiry date, meaning they cannot be withdrawn in the traditional sense; however, they can be closed out by closing the position, selling the contract, or through liquidation.

Nov 13, 2024 at 03:43 am

Can MEXC Contracts be Withdrawn?

MEXC contracts are perpetual contracts, which means they do not have an expiry date. As such, they cannot be withdrawn in the traditional sense. However, there are a few ways to close out a MEXC contract position:

1. Close Position: The most straightforward way to close out a MEXC contract position is to simply close the position on the MEXC platform. This can be done by clicking on the "Close Position" button on the contract trading page.
2. Sell Contract: Another way to close out a MEXC contract position is to sell the contract to another trader on the MEXC platform. This can be done by creating a sell order on the contract trading page.
3. Liquidation: If the price of the underlying asset moves against you and your position becomes liquidated, your position will be closed out automatically by MEXC.

Steps to Withdraw Funds from MEXC

1. Log in to your MEXC account.
2. Click on the "Assets" tab.
3. Select the "Withdraw" option.
4. Choose the cryptocurrency you want to withdraw.
5. Enter the amount you want to withdraw.
6. Enter the withdrawal address.
7. Click on the "Withdraw" button.

Things to Keep in Mind When Withdrawing Funds from MEXC

• Withdrawal fees: MEXC charges a small fee for each withdrawal. The fee will vary depending on the cryptocurrency you are withdrawing.
• Withdrawal limits: MEXC has a daily withdrawal limit of 100 BTC. This limit may be increased for verified users.
• Processing time: MEXC processes withdrawals within 24 hours. However, the processing time may be longer during periods of high traffic.

Can You Withdraw MEXC Token?

Yes, you can withdraw MEXC Token from MEXC. MEXC Token is an ERC-20 token, which means it can be withdrawn to any ERC-20 compatible wallet.

Steps to Withdraw MEXC Token from MEXC

1. Log in to your MEXC account.
2. Click on the "Assets" tab.
3. Select the "Withdraw" option.
4. Choose MEXC Token from the list of available cryptocurrencies.
5. Enter the amount you want to withdraw.
6. Enter the withdrawal address.
7. Click on the "Withdraw" button.