can i trade on mexc without verification

To uphold regulatory compliance and protect user accounts, MEXC Global requires identity verification prior to trading on its platform.

Nov 03, 2024 at 01:28 pm

Can I Trade on MEXC Without Verification?

MEXC Global, a renowned cryptocurrency exchange, requires users to complete identity verification before trading. This measure is implemented to mitigate fraudulent activities and ensure compliance with regulatory standards. Therefore, it is not possible to trade on MEXC without completing the verification process.

Here are the reasons why MEXC requires verification:

1. KYC (Know Your Customer) Compliance: MEXC complies with international regulations that require cryptocurrency exchanges to implement KYC measures. These regulations prevent money laundering and other financial crimes.
2. Account Security: Verification helps MEXC verify the identity of its users, protecting them from account compromise and fraudulent activities.
3. Fraud Prevention: The verification process aids in reducing fraud by preventing multiple accounts from being created or used for illicit activities.

Verification Process on MEXC:

The verification process on MEXC is straightforward and typically involves the following steps:

1. Account Registration: Create an account on MEXC's website or mobile application.
2. Basic Information: Provide basic information such as your full name, date of birth, and contact details.
3. Identity Verification: Upload clear photos of a government-issued ID (passport, driver's license, or national ID card) and a selfie holding the ID.
4. Address Verification: Submit proof of address, such as a utility bill or bank statement, to confirm your residential location.

Once your verification is approved, you will be eligible to trade on MEXC. The approval process typically takes a few hours to a few days, depending on the volume of requests.

Note: For higher trading limits and access to certain features, MEXC requires additional identity verification steps, such as video call or document notarization.