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How to Withdraw Crypto from MEXC

Even if you’re an experienced investor or just starting your crypto journey, there comes a time when you want to withdraw your crypto from the MEXC exchange and store it somewhere safer. The ZenGo non-custodial wallet is the perfect solution, offering state-of-the-art security that ensures your crypto investments are always protected. In this how-to withdraw money from MEXC guide, we’ll walk you through the process of withdrawing your crypto investments from MEXC and storing them securely in your ZenGo wallet.

How to Withdraw Crypto from MEXC to Zengo

Step-by-step guide

Before initiating a withdrawal from MEXC, ensure that your ZenGo app is fully functional. ZenGo is a Web3-ready non-custodial wallet that makes use of cutting-edge MPC technology, offering superior security for your digital assets. It outperforms hardware wallets and is safer than any centralized cryptocurrency exchange thanks to its biometric 3FA technology, absence of private key vulnerability, and a built-in Web3 firewall.

Once you’ve properly set up your Zengo crypto wallet app, you’re ready to transfer funds to it. To withdraw crypto from Phemex and send it to ZenGo, follow these steps:

Step 1

Open the MEXC app and log into your account.

Step 2

Click the “Wallets” button, which can be found at the bottom right of the main menu, then find the “Withdraw” option.

Step 3

Select the cryptocurrency you intend to withdraw from the list or use the search tool provided. Make sure whether ZenGo supports the asset you intend to withdraw.

Step 4

Enter the withdrawal address from your ZenGo wallet for the selected cryptocurrency. You can find your ZenGo address by selecting “Actions” in the ZenGo app, then “Receive,” and selecting the cryptocurrency you would like to receive.

Step 5

Specify the withdrawal amount and choose the appropriate network for the transfer. Double-check that the right amount and network have been selected.

Step 6

Verify the withdrawal details and click “Submit.” In case there are any additional instructions regarding security, be sure to comply with them as well. In addition, please note that in some cases, you may be restricted based on your KYC level. If this is the case, you will have to provide more personal details in order to complete the KYC process.

How to check that the crypto arrived in your Zengo app?

If you wish to check whether or not your funds have arrived, open the Zengo app and check the main balance screen. For more details, click on the “History” tab to see your recent transactions.

Keep Your Crypto Safe and Secure With Zengo

Zengo is a Web3-ready non-custodial crypto and NFT wallet that delivers industry-leading security, functionality, and user experience. Zengo is the ultimate platform for buying, storing, managing, and swapping cryptocurrencies while maintaining maximum safety and security.

Next-Gen Digital Asset Security

Zengo provides industry-leading digital asset security. It uses biometric facial recognition and MPC technology to ensure that you alone can access and recover your digital assets. On top of that, it features Web3 firewall protection, which adds an extra layer of security when you interact with external Dapps.

100% Self-Custody & Fiat Onramp Services​

Unlike other platforms that dictate how and when you access your digital assets, Zengo offers complete self-custody. You maintain total and exclusive control over your crypto funds and NFTs. In addition, Zengo’s seamless fiat onramp options enable you to diversify your portfolio effortlessly.

24/7 Real Human Customer Support​

If you have any issues while using Zengo or need a helping hand with something, we have a team of support agents ready to help. You won’t have to worry about interacting with bots when you contact us. Our team of friendly customer support representatives is available 24/7, ready to assist with any inquiries or issues you may face.

How to Withdraw Crypto From Zengo’s Wallet​​

Zengo makes it easy to withdraw funds to another wallet or cash out in fiat. To withdraw to another wallet, simply open the app, select “Actions,” and tap the “Send” button. Next, decide whichever cryptocurrency you want to withdraw and specify the amount. Finally, enter the receiving address and check everything is correct before you confirm the withdrawal.

Zengo also lets you withdraw crypto in the form of fiat currency, including USD, GBP, and EUR. Just navigate to the “Actions” menu, click “Sell,” choose the crypto you wish to withdraw and the fiat currency you want to receive, then enter the amount before confirming. Your funds will then be transferred to the bank account connected to your Zengo wallet.

Something's unclear?

Frequently asked questions

Below are answers to frequently asked questions related to cryptocurrency withdrawals from MEXC.

MEXC, formerly known as MXC, is a leading digital asset trading platform where users can buy and sell a diverse range of cryptocurrencies. It also offers features such as futures trading, staking, ETFs, and DeFi services, along with competitions and learning resources for new traders. The MEXC exchange was founded in 2018 by John Chen and was registered in Seychelles.

ZenGo and MEXC let you buy, swap, and store crypto, but several key differences exist. ZenGo, as a non-custodial crypto and NFT wallet, provides you with complete control over your private keys. In contrast, MEXC, as a centralized exchange, provides advanced trading options while maintaining control of its users’ funds. On top of that, ZenGo also acts as a gateway to DeFi and Daaps, and it’s the most secure Web3-ready crypto wallet for protecting and storing all of your digital assets.

MEXC follows the trend of many other crypto platforms by offering varying fees on a coin-by-coin basis. So, you may expect to pay slightly higher withdrawal fees when transferring certain coins.
LBank has varying withdrawal limits which can be different depending on which kind of coin you wish to withdraw and how much personal info (KYC) you’ve provided with your account. For the most up-to-date information regarding withdrawal limits from LBank, click here.
Based on the info found on the MEXC official website (published on 13.06.2022), in BTC terms, MEXC allows you to withdraw up to 80 BTC with a Primary KYC account, 200 BTC with an Advanced KYC account, and 400 BTC if you have an Institutional level account. Visit the official MEXC deposit/withdrawal fees page to get more information.

The withdrawal processing time from MEXC can vary based on the selected cryptocurrency and network congestion but is typically completed within a few minutes to an hour. Network congestion and other problems could delay the process. In addition, since MEXC is a centralized exchange, other factors, like additional security measures, could prevent you from completing your withdrawal request while keeping it on hold. If you encounter such an issue, contact MEXC customer support.

Potential issues during withdrawal from MEXC include entering incorrect receiving addresses or selecting an incompatible blockchain network. In these instances, your digital assets may be permanently lost. For this reason, it is highly recommended to double-check all details before submitting a withdrawal request. Keep in mind that even the smallest error could cause irreversible damage to your investments. There is also the possibility that you forgot to leave a small amount to cover network fees, and for that reason, you can’t make a transaction on the blockchain. Additionally, check your KYC status to see if you have any limitations related to it.

MEXC doesn’t allow for direct fiat withdrawals into dollars, pounds, or other currencies at this time (May 2023). To get your money out of MEXC, you’ll need a third-party wallet (like ZenGo) or an exchange that offers a crypto-to-fiat service. 

In case you are interested in withdrawing money from MEXC to fiat, we recommend you move cryptocurrency to ZenGo, where it can be safely stored until the time is right to make a withdrawal.

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