can i withdraw from mexc without verification

MEXC Global implements Level 1 and Level 2 verification procedures to comply with AML and KYC regulations, requiring users to verify their identity before withdrawing funds from the exchange.

Nov 05, 2024 at 07:44 pm

Can I Withdraw from MEXC without Verification?

1. Overview

MEXC Global is a cryptocurrency exchange that allows users to trade various digital assets. As with many exchanges, MEXC implements certain verification procedures for users to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. These procedures aim to prevent fraud and protect user funds.

2. Verification Levels

MEXC offers two main verification levels:

• Level 1 Verification: Requires users to provide basic personal information, such as email address, phone number, and government-issued ID.
• Level 2 Verification: Involves additional checks, such as proof of residency and a face verification process.

3. Withdrawal Limits

Depending on the verification level, MEXC imposes different withdrawal limits:

• Level 1 Verification: Daily withdrawal limit of 1 BTC (or equivalent) per day.
• Level 2 Verification: Increased daily withdrawal limits and no weekly withdrawal limit.

4. Withdrawal Without Verification

Currently, MEXC does not allow users to withdraw funds without completing Level 1 Verification. This is to ensure compliance with regulatory requirements and protect users from potential fraud.

5. Benefits of Verification

Completing the verification process offers several benefits:

• Increased withdrawal limits
• Access to advanced trading features
• Enhanced security for user accounts
• Improved communication with MEXC customer support

6. Verification Process

To verify your MEXC account:

1. Log in to your MEXC account.
2. Go to the "Account" page.
3. Click on "Verification."
4. Follow the on-screen instructions to provide the required information.
5. Submit your verification documents for review.
6. Once your verification is approved, you can access all the features and benefits offered by MEXC.

Conclusion

MEXC requires users to complete Level 1 Verification in order to withdraw funds. This is a standard practice among cryptocurrency exchanges and is designed to enhance security and comply with regulatory requirements. Completing the verification process provides users with increased withdrawal limits, access to advanced trading features, and improved account protection.