In this breakdown, we dissect MEXC's Withdrawal Fees in depth. We also venture into fees tied to cryptocurrency and fiat withdrawals, withdrawal limits and minimums, and much more. Keep reading in order to get a grip on the competitiveness of MEXC's fee structure!
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When it comes to withdrawal fees for an exchange like MEXC, they only apply to fees associated with cryptocurrency withdrawals.
The reason for this is that MEXC does not offer any fiat deposits or withdrawals at the time of writing.
As such, the different withdrawal fees on MEXC will depend on which cryptocurrency you withdraw and at which hour of the day.
Some blockchains are much more expensive (Ethereum) with frequently high usage while others are much cheaper (Solana, Cosmos).
In terms of withdrawal limits on MEXC, this will depend on the account verification level of each user. Here is an overview of the withdrawal limits:
1. Unverified Accounts: Withdrawal limit of 5 BTC per 24 hours
2. Primary KYC Accounts: Withdrawal limit of 80 BTC per 24 hours
3. Advanced KYC Accounts: Withdrawal limit of 200 BTC per 24 hours
4. Institutional KYC Accounts: Withdrawal limit of 400 BTC per 24 hours
At the time of writing, fiat withdrawals are not available on MEXC as no fiat currencies are supported on the exchange.
Rhe the minimum withdrawal amounts and limits will depend on which cryptocurrency users wish to withdraw as these differ from crypto to crypto.
For example, while BTC has a minimum withdrawal amount of 0.001 BTC, the minimum amount for those that wish to withdraw ERC-20 USDT is set higher at 50 USDT.
In regards to withdrawal times, once again this is blockchain dependent as some blockchains like Bitcoin (BTC) and Ethereum (ETH) take longer to complete a transaction than say new blockchains such as Solana (SOL) and Cosmos (ATOM).
The only way to withdraw funds from the MEXC exchange is to withdraw cryptocurrencies as fiat currency withdrawals are not supported.
For those that wish to have an idea of the crypto withdrawal fees involved, we have outlined the fees associated with some well known cryptocurrencies.
For those that would like to withdraw their Bitcoin from MEXC, the associated cost for each withdrawal is a fixed fee of 0.0003 BTC.
For those that wish to withdraw their ETH from MEXC, the fee for each withdrawal is set at 0.0015 ETH per withdrawal.
USDT withdrawal fees will depend on which blockchain that you want to withdraw your Tether USDT. Below we have outline the fees associated with different blockchains.
Tether USDT (Ethereum) withdrawal fee: 4 USDT
Tether USDT (Solana) withdrawal fee: 1.5 USDT
Tether USDT (Arbitrum) withdrawal fee: 1 USDT
1780 Cryptos & Deep Liquidity
Spot/Perps/Copy Trading
Low Fees & 200X Leverage
KYC Not Required
+300 cryptos & Staking
Fast & Free Bank Deposits
Regulated: US, CA, EU, UK, AU
100% Proof Of Reserves
