Cryptocurrency Q&A
Why is Mexc asking for KYC?
Why is Mexc asking for KYC?
Giuseppe
Thu May 09 2024
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6 answers
1680
I've been trading cryptocurrencies on Mexc for quite some time, and suddenly they're asking for Know Your Customer (KYC) information. I'm a bit puzzled as to why they're doing this now, especially since I've never had to provide such information before. Is it a regulatory requirement? Are they trying to comply with some new laws or regulations? Or is it just a way for them to gather more personal information about their users? I'm curious to know the reason behind this request and how it might affect my trading experience on the platform. Could you clarify this for me?
6 answers
HanjiHandiwork
Sat May 11 2024
KYC involves submitting valid identity proof.
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Leonardo
Sat May 11 2024
Acceptable forms of identity proof include passport, driving licence, or national ID.
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charlotte_wright_coder
Sat May 11 2024
Completing KYC enhances account security levels.
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DigitalTreasureHunter
Sat May 11 2024
Additionally, it raises your official withdrawal limit.
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BlockchainBaroness
Sat May 11 2024
Upon logging into your MEXC Account, we highly recommend completing the KYC process.
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