Does MEXC Require KYC in 2025? Here’s What You Need to Know
Wondering if MEXC still allows no-KYC trading? The short answer is no—MEXC now enforces KYC verification for all users as of mid-2024. This guide breaks down the platform’s updated policies, why the change happened, and two top no-KYC alternatives (LBank and Axiom Trade) for privacy-focused traders. Dive in for details, comparisons, and actionable insights!
Does MEXC Require KYC Verification in 2025?
Yes, MEXC mandates KYC (Know Your Customer) verification as of its 2024 policy updates. Previously, the exchange allowed users to trade and withdraw up to 5 BTC daily without identity checks. However, increasing global regulatory pressure forced MEXC to tighten its rules. By June 30, 2024, all existing users were required to complete verification or face account restrictions.
Today, submitting government-issued ID, proof of address, and sometimes a selfie is mandatory to access full trading features, deposits, and withdrawals. This aligns MEXC with major exchanges like Binance and Coinbase, prioritizing compliance over anonymity.
Why Did MEXC Change Its No-KYC Policy?
Three key factors drove MEXC’s shift:
- Regulatory pressure: Governments worldwide are cracking down on non-compliant crypto platforms.
- Risk mitigation: KYC helps prevent money laundering and fraudulent activity.
- Institutional adoption: Verified users attract partnerships with traditional finance entities.
This MOVE reflects broader industry trends, as even privacy-focused platforms face stricter oversight.
Top No-KYC Alternatives to MEXC in 2025
For traders avoiding KYC, these exchanges remain viable:
1. LBank: High-Limit No-KYC Trading
Founded in 2015, LBank supports 800+ cryptocurrencies with daily no-KYC withdrawal limits up to 280,000 USDT. Features include:
- Spot and futures trading
- Low fees (0.1% spot trading)
- Credit card/P2P payment options
Visit: https://www.lbank.com/en-US/login/?icode=NOKYC
2. Axiom Trade: Privacy-First Platform
A newer entrant, Axiom Trade offers:
- Zero mandatory KYC for standard accounts
- Competitive trading fees
- User-friendly interface
Visit: https://axiom.trade/@tradenow
FAQ: MEXC KYC and Alternatives
When did MEXC start requiring KYC?
MEXC began enforcing KYC for all users by mid-2024, with a June 30 deadline for existing users.
Can I still trade on MEXC without KYC?
No. Unverified accounts face deposit/withdrawal restrictions and limited functionality.
Are LBank and Axiom Trade safe without KYC?
Both have operational histories, but no-KYC platforms inherently carry higher risk. Always research and use secure wallets.
