1. What is Identity Verification? Identity verification refers to the process of confirming a user's identity through various means. The purpose of identity verification is to ensure that the user1. What is Identity Verification? Identity verification refers to the process of confirming a user's identity through various means. The purpose of identity verification is to ensure that the user

Learn/Trading Guide/User Guide/How To Perf...erification

How To Perform Identity Verification

Jul 16, 2025MEXC

#Basic #Beginners

COMMON$0.005261+14.12%

ID$0.07537-0.01%

BANK$0.04426-3.50%

ACT$0.02156+1.69%

WHY$0.00000001976-0.05%

1. What is Identity Verification?

Identity verification refers to the process of confirming a user's identity through various means. The purpose of identity verification is to ensure that the user claiming a particular identity is indeed who he or she claims to be.

The most common method of identity verification on exchanges is KYC (Know Your Customer), which typically requires verifying the user's personal valid identity information such as name, ID card, driver's license, passport, and other relevant details.

The requirements for the identity verification process stem from the Bank Secrecy Act (BSA), which requires financial institutions to prevent money laundering, terrorism financing, and other criminal activities.

2. Why is Identity Verification Important

For deposit and withdrawal transactions, identity verification can effectively ensure the security of these transactions. Identity verification can determine whether users are engaged in legitimate trading activities, thereby reducing the risk of fraudulent activities and potential financial crimes.

Different levels of identity verification can help institutions allocate resources more effectively and minimize potential threats.

Cryptocurrency exchanges ensure user trading security and compliance based on identity verification information. Without identity verification, criminal users may exploit this loophole to evade legal sanctions, and the exchange would also bear responsibility.

3. How To Perform Identity Verification

There are two types of identity verification on MEXC: Primary KYC and Advanced KYC.

Primary KYC involves basic personal information verification. This includes your nationality, name, identification document and number, date of birth, and a photo of your identification document, among other basic details.

Primary KYC typically takes around 24 hours, and after the verification is successful, your withdrawal limit will be increased. The 24-hour withdrawal limit can be increased to 80 BTC.

Advanced KYC, contingent upon primary KYC verification, involves adding facial recognition authentication. The review time for advanced KYC is approximately 48 hours. After completion, your 24-hour withdrawal limit will be increased to 200 BTC.

If you want to learn more about the detailed identity verification steps, you can read the article "How to Complete KYC", which provides a comprehensive guide on the KYC process both on the web and in the app.

4. Institutional Verification

MEXC supports institutional verification, allowing for the opening of institutional accounts. On the identification page, click on the upper right corner [Switch to institutional verification] to initiate the institutional verification process.

Institutional verification is divided into five processes: Document Preparation, Data Filling, Member Information, Upload Files, and Review.

Before beginning the verification process, you need to prepare a series of documents, including the board resolution document, memorandum and articles of association, company registration certificate, a copy of shareholder register, and a copy of the directors register.

Once you have all the required documents ready, click on [Verify Now] and follow the on-screen instructions to complete the institutional verification process. It is not recommended to start the verification process if you have not prepared all the necessary materials to avoid encountering issues and exiting during the verification process, and having to repeatedly fill out the information.

If you would like to learn more about institutional verificiation, you can read the Beginner's Guide article titled "How to Perform Institutional Verification". The content provides a detailed introduction to institutional verification, and we hope it's helpful to you.

Hot Crypto Updates

Zcash Wallet: Your Complete Guide to Storing ZEC Safely

A Zcash wallet is a digital tool that lets you store, send, and receive ZEC coins securely.Think of it as your personal bank account for Zcash, where you hold the keys to your privacy-focused cryptocu

2025/12/08

Zcash Price Prediction: What to Expect from This Privacy Coin

Privacy coins are making waves in the crypto market, and Zcash (ZEC) is leading the charge. This digital asset has caught investors' attention with impressive price movements and growing adoption.If y

2025/12/08

Zcash News: Privacy Cryptocurrency Gains Momentum in Crypto Market

Privacy-focused cryptocurrencies are capturing renewed attention, and Zcash is leading the charge.The digital asset has experienced significant market activity, driven by institutional interest and gr

2025/12/08

Beeg Blue Whale Future Outlook: In-Depth Analysis of Investment Opportunities and Challenges in Sui Ecosystem Meme Coins

Key TakeawaysSui blockchain as next-generation high-performance Layer-1 public chain provides ideal technical environment for BEEG and other meme coinsSui ecosystem TVL continues growing with meme coi

2025/12/08