If you’re already using MEXC or planning to place your first trade on the platform, completing KYC verification is the smart move. Completing KYC unlocks access to an exclusive reward that gives users first trade loss coverage. This reward gives verified users access to 100% loss coverage, up to 50 USDT, if their first trade results in a loss due to full liquidation.
In this article, you will find out what the MEXC first trade loss coverage reward is, how it works, who can use it, and all you need to know to help you take full advantage of this exclusive opportunity after completing KYC verification.
Exclusive Benefits
- First Trade Loss Coverage
- 100% Loss Coverage Up to 50 USDT
- KYC Required
What Is MEXC First Trade Loss Coverage?
The MEXC first trade loss coverage is an exclusive reward offered to users who complete KYC verification on the MEXC crypto exchange. This reward is used to give users protection on their first trade and to confirm that the user has completed identity verification.
MEXC’s reward system provides benefits to verified users by offering compensation if the first trade ends in full liquidation. The reward applies only to the first trade placed after KYC verification is completed.
- MEXC KYC Reward
- Crypto Exchange: MEXC
- Reward Type: First Trade Loss Coverage
- Loss Coverage: 100%
- Maximum Coverage: 50 USDT
- KYC: Yes, mandatory
When you complete KYC verification on MEXC, you automatically qualify to receive first trade loss coverage.
How Does the MEXC First Trade Loss Coverage Work?
When you complete KYC verification, the first trade you place on MEXC becomes eligible for loss coverage. If the trade results in a loss due to full liquidation, MEXC covers the loss amount with 100% loss coverage, capped at 50 USDT.
This reward applies only once and only to the first eligible trade. Trades that are closed manually or result in partial losses are not included. Once the first trade is completed, the reward is considered used.
Who Can Use the MEXC First Trade Loss Coverage?
The first trade loss coverage reward is available only to users who complete KYC verification. Accounts that have not completed KYC are not eligible.
The reward is available to new and existing users who have not placed a trade before completing KYC verification. Each account can use the reward only once.
Reward Conditions and Limitations
Like all MEXC rewards, the first trade loss coverage comes with conditions to ensure fairness and security. The main points to note are:
- The reward is available only to KYC verified users.
- The reward applies only to the first trade after KYC verification.
- The maximum loss coverage is 50 USDT.
- The reward is non-transferable.
- Only one reward is available per account.
The reward is subject to MEXC terms and conditions and may change depending on platform policies.
How to Unlock and Claim the Reward
To unlock the MEXC first trade loss coverage, users must complete the KYC verification process. To complete KYC, log in to your MEXC account, go to your profile, and complete the identity verification process.
After completing KYC verification, users can place their first trade. If the trade results in full liquidation, the loss coverage is applied automatically. Users can view the reward status through the Rewards Center.
Why Isn’t the MEXC First Trade Loss Coverage Available?
If the reward is not available, the most common reasons include completing a trade before KYC verification, failing to complete KYC verification, or attempting to use the reward more than once.
If the issue persists, users are advised to contact MEXC support for further assistance.
Complete KYC. Get 100% loss coverage up to 50 USDT.
