This article explains the necessary steps to withdraw crypto assets from the cryptocurrency exchange MEXC, the transfer method, and whether fiat currency is handled. Unlike deposit methods, there are rules for withdrawal methods, and if you do not follow them, you may not be able to withdraw, so please be careful. In addition to the withdrawal method, we will also explain the withdrawal rules. Each cryptocurrency exchange handles cryptocurrencies differently, and the addresses required vary, so we will explain the steps for reference only.
MEXC Global Withdrawal rules
When withdrawing Bitcoin, etc., unlike when depositing, there are restrictions on the services provided, so we will explain them thoroughly. Please keep in mind the summaries, considerations, and guides below. Failure to comply with these matters may result in withdrawal refusal, which is a risk. Withdrawals can be easily made with just a tap on the app or on your PC.
Supports only virtual currency
When making a deposit, you could also purchase virtual currency or send money using legal currency (US dollar, euro, pound, Japanese yen, etc.). However, there are strong restrictions when withdrawing money, and basically you can only withdraw money in virtual currency. Since legal currencies are not accepted, withdrawals from banks will not be possible. In order to convert into legal currency, you need to send money from MEXC to a virtual currency exchange that handles legal currency, and then go through the process of converting it into legal currency after remittance. There are over 1500 types of virtual currencies that can be withdrawn, so we handle a wide variety of them.
Time until withdrawal
Withdrawal time depends on the currency and how busy the blockchain is, but it should take at least 10 minutes to an hour. If it takes longer than that, there may be a problem, so it would be best to contact the support center. The disadvantage is that each transaction takes a very long time to process. Please check back frequently until it is fully executed.
Enter tag
The same is true for other exchanges, but depending on the type and brand of virtual currency to be withdrawn, you may be required to enter a tag when applying. The main virtual currencies that need to be filled in are XRP, EOS, and XLM. When entering the remittance address, please note that if you forget or make a mistake, you may lose your currency in the worst case scenario. Some virtual currencies may require additional information.
Minimum withdrawal amount
The minimum withdrawal amount is set for each virtual currency.
| Currency | Minimum withdrawal amount |
| BTC | 0.001BTC |
| ETH | 0.001ETH |
| XRP | 12XRP |
| BCH | 0.02BCH |
| LTC | 0.1LTC |
withdrawal fee
Deposits were free, but withdrawal fees apply. The fees for the main currency are as follows.
| Currency | Minimum withdrawal amount | Comission |
|---|---|---|
| USDT | 30USDT | 20 |
| ETH | 0.003ETH | 0.002 |
| BTC | 0.002BTC | 0.0003 |
| XRP | 12XRP | 0.25 |
| BCH | 0.02 BCH | 0.001 |
| BNB | 0.01 BNB | 0.0005 |
| LTC | 0.1 LTC | 0.001 |
| SOL | 0.1 SOL | 0.01 |
| ATOM | 1 ATOM | 0.05 |
withdrawal limit
MEXC performs identity verification, but the daily withdrawal limit differs depending on the authentication level, so we have listed them below. If you do not use KYC, you may not be able to receive benefits, and there are restrictions. If you wish to withdraw a large amount of money to Coincheck, Binance, etc., please complete the withdrawal. If you are not sure how to use it, please contact support from the Explorer at the bottom right. They will make suggestions until the solution is resolved.
| no authentication | 20 BTC |
| Lv1 | 80 BTC |
| Lv2 | 200 BTC |
Please refer to the article below for information on how to verify your identity. The step is to submit the documents yourself. We also recommend two-step authentication using a security code. If these become effective, there will be great benefits in terms of content. If you set it up correctly, you will enjoy trading in the market.
two-factor authentication
In order to make a withdrawal, two-factor authentication must be completed. Please make sure to complete the authentication process as explained in the article below. This is essential as a thorough high security measure to protect your assets. Easy to use and configure with just a few clicks. This is an essential feature for overseas crypto exchanges such as Bybit and Binance.
MEXC Global Withdrawal methods and procedures
I will explain how to actually withdraw money. In order to withdraw, you will need the receiving address of the exchange to which you want to withdraw. Therefore, please open other exchanges. Please log in first. Select “Overview” from “Wallet” on the upper right of the screen.
The screen will change, so select “Withdraw”.
Agree to the notes and select “OK”.
The remittance procedure is possible on this screen. You can choose from where it says Token. Enter the wallet address of the withdrawal destination on the right. Make no mistake here. If you make a mistake here, the remittance will fail, and if you do it poorly, the remitted amount may not be returned. Be sure to copy and paste the wallet address. Next, select an available network. Then enter the amount of virtual currency you want to withdraw. Once you have completed all the entries, a confirmation email will be sent to your registered email address. Withdrawal from MEXC is completed with the number listed in the email and two-step authentication of Google Authenticator.
MEXC Global Frequently asked questions when unable to withdraw money
We have compiled a list of frequently asked questions when you cannot withdraw money. Please also refer to the following article. Unless your account is suspended, you can withdraw money from the bank without any limit. When withdrawing money, we recommend that you take notes of the code and other information. If these codes are different, you will not be able to withdraw money to domestic banks. If you make a mistake, you will need to consult with the management.
Check withdrawal history
If you have applied for a withdrawal but it does not arrive at the withdrawal address, you can check by checking the withdrawal history of MEXC Global. Your withdrawal history is displayed at the bottom of the Withdrawals page, and the status is displayed so you can see what’s going on. The money will not be withdrawn immediately, so please wait until it is executed.
Withdrawal rules
When withdrawing money, you need to follow the withdrawal rules explained above. Please note that if you do not follow the withdrawal rules before making a withdrawal, your withdrawal may be rejected.
No credit card withdrawals
With MEXC, you will be able to withdraw money to virtual currency. Credit cards cannot be used functionally and can only be used for deposits. Please note that it is not like an FX company. Withdrawals can be easily performed using your smartphone. If you do it in the correct way, it will be handled smoothly and your money will be withdrawn.
Prohibited acts
MEXC has prohibited actions, and if you violate these, your account may be frozen. If you violate any of the prohibited items, you will no longer be able to operate the app, so please refer to the article below to check whether you have committed any prohibited acts.
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