If you’re already trading on MEXC or you are thinking about placing your first trade on the platform, completing KYC verification is now the smart move. Completing KYC gives users access to an exclusive reward that provides first trade loss coverage. This reward gives verified users protection on their first trade and allows them to receive 100% loss coverage, up to 50 USDT, if the first trade results in a loss due to full liquidation.
Using this reward gives users extra protection when placing their first trade on the MEXC crypto exchange. In this article, you will find out what the MEXC first trade loss coverage is, how it works, who can use it, and what users need to know after completing KYC verification.
What Is MEXC First Trade Loss Coverage?
The MEXC first trade loss coverage is an exclusive reward for users who complete KYC verification on the MEXC crypto exchange. Once KYC verification is completed, the reward becomes available instantly. The reward applies to the first eligible trade placed on the platform.
If the first trade results in a loss caused by full liquidation, MEXC covers 100% of the loss amount. The coverage is capped at 50 USDT. Users who experience a full liquidation on their first trade after completing KYC can receive compensation based on the reward conditions.
The reward applies only once. It is linked directly to the first trade after KYC verification. Trades that are closed manually or result in partial losses are not included. Only trades that end in full liquidation qualify for the first trade loss coverage.
MEXC confirms that this reward is available only to verified users. The reward cannot be transferred. Once the first trade is completed, the reward is considered used.
How Users Can Unlock and Use the First Trade Loss Coverage
To unlock the first trade loss coverage, users must complete the KYC verification process on MEXC. New users are required to pass an identity check to access this reward. Existing users who have not completed KYC can also unlock the reward by completing verification.
After KYC verification is completed, users can place their first trade. There are no extra steps. There is no manual activation. The reward becomes available after verification.
If the first trade results in full liquidation, the loss coverage is applied automatically, with the maximum coverage set at 50 USDT. Users can view the reward and any credited compensation through the MEXC Rewards Center.
Accounts that placed trades before completing KYC verification are not eligible for first trade loss coverage. The reward is limited to one use per account and cannot be combined with other first trade protection offers.
Reward Conditions and What Users Should Know
The first trade loss coverage reward is available only to KYC verified users. Users who do not complete KYC verification cannot access this reward.
The reward is non-transferable. It applies only to the first eligible trade. All rewards are subject to MEXC terms and conditions. The program may change depending on MEXC policies.
MEXC continues to offer exclusive rewards for verified users, alongside other bonuses and account benefits available on the platform.