How to Set Withdrawal Settings
When initiating a withdrawal, you need to input email verification codes, mobile verification codes, and Google Authenticator codes. These are all security measures within the two-factor authentication (2FA) framework. To ensure the security of your account, it is recommended to enable at least one form of two-factor authentication. If you wish to learn how to set up Google Authenticator, you can refer to "How to Link Google Authenticator on MEXC." In the advanced security settings, you can configure withdrawals to ensure the safety of your personal assets.
1. How to Set Withdrawal Settings on Web
Log in to MEXC, hover over the user icon in the top right corner of the homepage, and selectSecurity. Scroll down to "Advanced Security," and below you will find "Fund Security Settings."
Fund Security Settings comprises three features: Fast Withdrawal, Withdrawal Whitelist, and Withdrawal Protection.
1.1 Fast Withdrawal: Withdraw Without Two-Factor Authentication (2FA)
Click the toggle button on the right side of "Fast Withdrawal", select the single withdrawal/transfer amount limit without verification. Here, we will use 500 USDT as an example. Click on Confirm.
Fill in the security verification information and click on Confirm to enable Fast Withdrawal.
Please note that verification will be based on the two-factor authentication (2FA) settings you have personally configured. In the example shown below, the available verification methods are email verification, Google Authenticator verification, and mobile SMS verification.
After enabling Fast Withdrawal, when your single withdrawal amount is less than 500 USDT, it will no longer undergo two-factor authentication (2FA) and the withdrawal will be completed directly.
You can customize your Fast Withdrawal limit, which takes effect after 24 hours. Until then, security verification is still required. MEXC may also require verification based on your account's security status, even after Fast Withdrawal is enabled.
1.2 Withdrawal Whitelist: Restricted to Whitelisted Addresses
Click the toggle button on the right side of Withdrawal Whitelist and complete security verification to enable the feature.
It's important to note that before enabling the Withdrawal Whitelist, you are allowed to withdraw to any address. Once enabled, you can only withdraw to addresses in your whitelist.
Once the withdrawal whitelist has been successfully enabled, click on Manage Withdrawal Addresses/Contacts to be redirected to the Withdrawal Addresses/Contacts settings page.
Click on Add Withdrawal Address, select Normal address, fill in the Crypto, Address, Network, and Address Label (Optional). Then, tick the checkbox next to "Add to Whitelist," and click Confirm.
Complete security verification and add the withdrawal address. Similarly, verification will be based on the two-factor authentication (2FA) settings you have personally configured.
If you want to add multiple addresses to your whitelist in bulk, you can click on Bulk Adding. On the "Bulk Add Withdrawal Address" page, fill in the crypto, transfer network, address label (optional), withdrawal address, memo/tag (optional), and enable the "Whitelist" option. Once you have added all the addresses, click Save.
1.3 Whitelist Security Restriction: 24-Hour Withdrawal Lock on New Addresses
When the withdrawal whitelist is enabled, the Whitelist Security Restriction option will appear. Please note:
- Once enabled, withdrawals to newly added whitelist addresses will require a 24-hour waiting period.
- If you disable this feature after enabling it, your account will need to wait 24 hours before withdrawals can be made again.
- For your asset security, it is strongly recommended to keep this feature enabled.
1.4 Withdrawal Protection: Restrict Withdrawals During Protection Period
Click Set Up next to Withdrawal Protection, select the lock period, click Confirm, and complete security verification to enable Withdrawal Protection.
Please note:
1. Once enabled, all on-chain withdrawals will be automatically rejected during the lock period.
2. During the setup, enable Unlock Early to allow Withdrawal Protection to be lifted before the lock period ends.
2. How to Set Withdrawal Settings on App
Inside the app, tap the user icon in the top left corner, and select Security. Then, scroll down to the bottom of the page and select Asset Security Settings.
2.1 Whitelist: Whitelist-Only Withdrawals
1) Tap the toggle button on the right side of Whitelist, enter the verification code for two-factor authentication, and the whitelist feature will be enabled. Once enabled, you can only withdraw to addresses on the whitelist, and withdrawals to other addresses will not be possible.
2) If you do not have any addresses on the whitelist, tap on Withdrawal Address below to enter the page to add whitelist addresses.
3) Tap on Add Address.
4) In the search bar, enter the crypto you want to add. In this example, we will use MX.
5) Fill in the crypto, address, network details, etc. Then, tick the box next to "Add to Whitelist," and tap on Confirm to finish.
2.2 Whitelist Security Restriction: 24-Hour Lock on Newly Added Addresses
When the withdrawal whitelist is enabled, the Whitelist Security Restriction option will appear. Please note:
- Once enabled, withdrawals to newly added whitelist addresses will require a 24-hour waiting period.
- If you disable this feature after enabling it, your account will need to wait 24 hours before withdrawals can be made again.
- For your asset security, it is strongly recommended to keep this feature enabled.
2.3 Fast Withdrawal: Withdraw Without Two-Factor Authentication
Tap the toggle button on the right side of "Fast Withdrawal," select the single withdrawal limit without verification, tap on Confirm, enter the verification code for two-factor authentication, and the Fast Withdrawal feature will be enabled. The image below displays the single withdrawal limit without verification of 500 USDT being set.
Once the Fast Withdrawal feature is enabled, security verification will no longer be required for making small withdrawals (such as 500 USDT) to whitelisted addresses, allowing for swift withdrawals.
You can customize your Fast Withdrawal limit, which takes effect after 24 hours. Until then, security verification is required. MEXC may still require verification based on your account's security status.
2.4 Withdrawal Protection: Restrict Withdrawals During Protection Period
Tap Set Up next to Withdrawal Protection, select the lock period, tap Confirm, and complete security verification to enable Withdrawal Protection.
Please note:
1. Once enabled, all on-chain withdrawals will be automatically rejected during the lock period.
2. During setup, enable Unlock Early to allow Withdrawal Protection to be lifted before the lock period ends.
3. The Benefits of Withdrawal Settings
If you frequently make withdrawals, withdrawal settings can enhance your efficiency and effectively safeguard your assets.
The Fast Withdrawal feature allows you to initiate withdrawals within a certain fund range without requiring 2FA, enabling you to quickly withdraw funds. When combined with the use of the Withdrawal Whitelist, you can swiftly withdraw to frequently used addresses without the need to copy these addresses each time. You only need to label these addresses when setting up the whitelist.
In practical usage scenarios, if you have a habit of long-term investment, you can purchase the tokens you invest in on the MEXC platform and then use the Whitelist feature to quickly withdraw to various wallet addresses. If you frequently make small transfers to certain addresses, such as paying salaries to collaborators, using the Fast Withdrawal feature can also enhance your efficiency.