MEXC deposits fall into four categories: JPY quick purchase (Apple Pay, Google Pay, card), third-party providers (Banxa, Alchemy Pay), P2P, and on-chain deposits. Withdrawals are made by selecting a token under Assets → Withdraw, then confirming with an email verification code and a Google Authenticator code.
This article checks MEXC's official purchase pages and help centre as of 26 September 2026, and organises the features of each deposit method, status-based withdrawal times, examples of withdrawal fees and minimums, KYC-tier withdrawal limits, and what to check if a withdrawal doesn't go through. Quoted amounts and rates fluctuate, so always follow what is shown on the actual application screen.
Conclusion: four deposit routes, plus email and Google Authenticator for withdrawals
- Deposits: JPY quick purchase, third-party providers, P2P, and on-chain deposits
- Withdrawals: Assets → Withdraw → select token → select method → confirm with an email code plus a Google Authenticator code
- Withdrawal processing has status-based time estimates, generally a few minutes to about 60 minutes for review
- Withdrawal limits differ by KYC tier (80 BTC/day for Elementary, 200 BTC/day for Advanced)
Depositing in JPY: quick purchase, third-party providers and P2P
Quick purchase: Apple Pay, Google Pay and card
MEXC's purchase page lets you select JPY for both quick purchase and third-party providers. The payment brands shown include Google Pay, Apple Pay, Mastercard, VISA and SEPA.
| Payment method | Estimated amount (per JPY 20,000) | Fee shown |
|---|---|---|
| Apple Pay | 163.45 JPY (best price) | 0 fee |
| Google Pay | 163.45 JPY | 0 fee |
| Debit/credit card (Visa/Mastercard) | 166 JPY | 0 fee |
| Other card payment | 168.85 JPY | No fee shown |
| Third-party providers (Banxa, Mercuryo, Moonpay) | 169 JPY | — |
※ Displayed as of 26 September 2026; subject to change. Even where the fee shows as '0,' the effective cost differs by payment method through the exchange rate.
Buying crypto with JPY through quick purchase, described here, is a different service from the MEXC Card, which lets you spend crypto you've loaded onto the card at Visa merchants. The MEXC Card's cashback and fees are covered in a separate article.
What is the MEXC Card? Cashback and how to apply (separate article) →
Third-party providers (Banxa, Alchemy Pay): what to note
The third-party tab lists Banxa (supporting Klarna, VISA, Mastercard, Apple Pay and Google Pay) and Alchemy Pay (supporting VISA, Mastercard, Apple Pay, Google Pay and SEPA). In Banxa's example, 1 USDT was about 169 JPY, giving roughly 118.01 USDT for JPY 20,000 (a fee-inclusive figure), as checked 26 September 2026.
'You are about to leave the MEXC platform and access services provided by a third-party provider, Banxa. Please note that all services related to crypto purchases are provided exclusively by the independent third party Banxa. MEXC does not control or operate these services' (from the official notice).
P2P: zero trading fee, but check JPY listing volume
JPY is also selectable on the P2P (peer-to-peer) page, with a trading fee of 0%. The page describes '500+ payment methods,' '170+ countries and regions,' and '40 million+ users,' but at the time of checking on 26 September 2026, USDT/JPY had zero listings (no data). Listing availability varies over time, so check the screen when you use it.
Separately, the bank transfer page defaults to EUR as its currency, lists Legend Trading as the provider, and states a 0.00% trading fee. We could not confirm a JPY bank-transfer option.
On-chain deposits: matching networks, and memos/tags
- The sending network and the receiving network must match
- Some tokens, such as XRP, require a memo or tag
- Deposits below the minimum amount may not be credited or refunded
- Deposits sent via a contract may not be credited
Withdrawal steps and status-based times
- 01Go to Assets → Withdraw
Select the token you want to withdraw.
- 02Choose a withdrawal method
Choose 'on-chain withdrawal' or an MEXC internal transfer (by email, phone number, or UID).
- 03Confirm with an email code and a Google Authenticator code
The email verification link lets you confirm the last four digits of the withdrawal address and expires after 15 minutes.
| Status | Description / estimated time |
|---|---|
| Travel rule information check | Usually 1–3 minutes |
| Awaiting verification | Confirm the last four digits of the withdrawal address via an email/SMS link (link expires in 15 minutes) |
| Under review | About 5–60 minutes |
| Pending / processing | No time stated in the official FAQ |
| Blockchain confirmation | No time stated in the official FAQ |
| Cancelled / withdrawal successful | — |
※ Displayed as of 26 September 2026; subject to change. If a TxID has not been generated within 1 hour of the withdrawal request, or if it remains pending for 6+ hours, contacting customer service is recommended.
Withdrawal fees and minimum withdrawal examples
Deposits are always free. Withdrawals carry a minimum amount and a fee that vary by token and network.
| Token | Network | Minimum withdrawal | Withdrawal fee |
|---|---|---|---|
| BTC | Bitcoin(BTC) | 0.00008 | 0.00002 |
| BTC | BSC(BEP20) | 0.00002 | 0.00000025 |
| BTC | LIGHTNING | 0.000004 | 0.000001 |
| ETH | Ethereum(ERC20) | 0.001 | 0.0004 |
| ETH | BSC(BEP20) | 0.0005 | 0.0000082 |
| ETH | BASE | 0.001 | 0.0000013 |
| ETH | Arbitrum One(ARB) | 0.003 | 0.0000013 |
| USDT | Ethereum(ERC20) | 8 | 0.2 |
| USDT | TRC20(Tron) | 2 | 0.5 |
| USDT | BSC(BEP20) | 10 | Free |
| USDT | Polygon(MATIC) | 5 | 0.0065 |
| XRP | Ripple(XRP) | 11 | 0.02 |
※ Displayed as of 26 September 2026; subject to change. USDT supports 16+ networks; the table shows representative examples.
Withdrawal limits by KYC tier: 80 BTC/day for Elementary, 200 BTC/day for Advanced
| Item | Elementary KYC | Advanced KYC |
|---|---|---|
| Crypto withdrawal limit | 80 BTC/day | 200 BTC/day |
| P2P trading | Allowed (no cap stated) | $20,000/day |
※ With institutional verification, the 24-hour withdrawal limit rises to 400 BTC.
What to check if a withdrawal doesn't go through
- If a TxID isn't generated within 1 hour of the withdrawal request, contact customer service
- If it stays 'processing' or similar for 6+ hours, also contact customer service
- Some networks (HBAR, XRP, ALGO, APTOS and others) may require the receiving wallet address to be pre-activated (token activation) before a withdrawal can arrive
- Double-check that the withdrawal address and network match, and that any required memo or tag was entered
Crypto prices and the conditions for deposits, withdrawals and transfers can change. Keep deposit, withdrawal and transfer amounts within a range you can handle even if there is an unexpected delay or a fee change.
Frequently asked questions
Q. How do I deposit JPY on MEXC?
A. From MEXC's purchase page, you can use JPY quick purchase (Apple Pay, Google Pay, card) or a third-party provider (Banxa, Alchemy Pay). JPY is also selectable on P2P, though listing availability varies over time.
Q. How long do MEXC withdrawals take?
A. The official withdrawal FAQ states travel-rule information checks usually take 1–3 minutes and the review stage about 5–60 minutes. If a TxID isn't generated within 1 hour, or the withdrawal stays pending for 6+ hours, contacting customer service is recommended (checked 26 September 2026).
Q. What are MEXC's withdrawal fees?
A. Deposits are free; withdrawal fees vary by token and network. For example, USDT is free on BSC(BEP20), 0.2 on Ethereum(ERC20), and 0.5 on TRC20(Tron) (as displayed on 26 September 2026; subject to change).
Q. What verification does a MEXC withdrawal require?
A. Under Assets → Withdraw, select the token and method, then confirm with an email verification code and a Google Authenticator code. The email link, used to confirm the last four digits of the withdrawal address, expires after 15 minutes.
Q. Can I use a credit card on MEXC?
A. JPY quick purchase supports debit/credit cards such as Visa and Mastercard (checked 26 September 2026). Even where the fee shows as '0,' rates differ by payment method, so check the estimated amount for the effective cost.
Q. What are MEXC's withdrawal limits?
A. They depend on your KYC tier: 80 BTC/day for Elementary KYC and 200 BTC/day for Advanced KYC (official KYC FAQ, checked 26 September 2026).
Sources
- MEXC official JPY purchase page (Japanese) →
- MEXC official third-party provider page (Japanese) →
- MEXC official P2P purchase page, USDT/JPY (Japanese) →
- MEXC official bank transfer page (Japanese) →
- MEXC official help centre, deposit guides (Japanese) →
- MEXC official help centre, withdrawal guides (Japanese) →
- MEXC official help centre, withdrawal FAQ (Japanese) →
- MEXC official help centre, KYC FAQ (Japanese) →
FX Textbook is an independent information site, not an exchange or a provider of personal investment advice. Crypto-asset trading involves risk: price volatility, liquidation of leveraged positions, transfer mistakes and the operational risk of exchanges and service providers can cause you to lose some or all of your invested capital. No result is guaranteed.
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