How to Withdraw Money from MEXC to Bank Account

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Withdrawing profits from a cryptocurrency exchange is a crucial step for traders looking to secure their gains. If you're using MEXC, one of the leading global crypto platforms, you may have noticed that it doesn’t support direct fiat withdrawals to bank accounts. While this might seem like a roadblock, there’s a straightforward workaround using a secondary exchange that bridges crypto and traditional banking systems.

In this comprehensive guide, you’ll learn how to safely and efficiently transfer funds from MEXC to your bank account—step by step—with no guesswork involved.

Why You Can’t Withdraw Directly from MEXC to Bank

MEXC primarily operates as a crypto-to-crypto exchange, meaning it facilitates trades between digital assets but does not offer direct fiat on-ramps or off-ramps (like USD, EUR, or GBP withdrawals). This design focuses on fast, low-fee crypto trading, especially in futures and altcoin markets.

However, if you want to convert your crypto into cash and deposit it into your bank, you'll need to use an intermediary exchange that supports both crypto deposits and fiat withdrawals.

Step-by-Step Guide to Withdrawing from MEXC to Bank

Here’s how to move your funds successfully in six clear steps:

Step 1: Choose a Crypto Exchange That Supports Fiat Withdrawals

Not all exchanges allow you to cash out directly to a bank. The ideal platform should be:

Popular options include Kraken, Coinbase, and Binance (where available), but for this guide, we’ll focus on Kraken due to its strong security, global accessibility, and user-friendly interface.

👉 Start the process now with a trusted exchange that supports seamless fiat conversion.

Step 2: Create an Account on the Chosen Exchange

Head to the official website of your selected exchange (e.g., Kraken) and register:

  1. Click “Create Account”
  2. Enter your email address
  3. Choose a strong password
  4. Select your country of residence
  5. Agree to terms and complete registration

You’ll receive a confirmation email—click the link to verify your email address before proceeding.

Step 3: Complete Identity Verification

To comply with anti-money laundering (AML) regulations, most exchanges require identity verification before allowing withdrawals.

On Kraken:

  1. Go to Settings > Security
  2. Click “Verify Identity”
  3. Select the Intermediate level (required for fiat withdrawals)
  4. Provide personal details (name, date of birth, address)
  5. Upload government-issued ID (passport or driver’s license)

Verification typically takes minutes to a few hours. Once approved, you can deposit crypto and initiate fiat withdrawals.

Step 4: Send Crypto from MEXC to Your New Exchange

Now it’s time to transfer your assets from MEXC.

On Kraken (Get Deposit Address):

  1. Log in and go to Funding > Deposit
  2. Select the cryptocurrency (e.g., USDT)
  3. Choose the network (e.g., TRC20 – recommended for low fees)
  4. Click “Generate Deposit Address”
  5. Copy the wallet address securely
🔐 Always double-check the network type! Sending via BEP20 when the destination expects TRC20 can result in lost funds.

On MEXC (Initiate Withdrawal):

  1. Log into MEXC
  2. Go to Wallets > Overview
  3. Find your coin (e.g., USDT) and click “Withdraw”
  4. Paste the Kraken deposit address
  5. Select the same network (e.g., TRC20)
  6. Enter amount and confirm with 2FA

The transaction usually completes within 1–30 minutes depending on blockchain congestion.

Step 5: Sell Crypto for Fiat Currency

Once your crypto arrives in Kraken:

  1. Go to Buy Crypto tab
  2. Switch to the Sell section
  3. Choose the cryptocurrency (e.g., USDT)
  4. Select the fiat currency (e.g., USD)
  5. Enter amount or click “Maximum”
  6. Review exchange rate and fees
  7. Click “Confirm” to complete the sale

Your balance will now appear in fiat (e.g., $500 USD).

Step 6: Withdraw Fiat to Your Bank Account

Final step: cash out!

  1. Navigate to Funding > Withdraw
  2. Select your fiat currency (e.g., USD)
  3. Choose withdrawal method (e.g., SEPA, SWIFT, or domestic wire)
  4. Link your bank account if not already added
  5. Enter amount and submit

Most transfers arrive within 1–3 business days, depending on your region and bank.

Congratulations—you’ve successfully moved funds from MEXC to your bank!

Frequently Asked Questions

Can I withdraw directly from MEXC to my bank account?

No, MEXC does not support direct fiat withdrawals. However, you can easily transfer your crypto to another exchange like Kraken or OKX that allows bank transfers.

Why can’t I withdraw money from MEXC?

MEXC is designed as a crypto-only exchange. It lacks integrated banking services, so you must use a third-party platform to convert crypto into fiat and withdraw to your bank.

What is the best exchange to use after MEXC?

Exchanges like Kraken, Coinbase, and OKX are top choices due to their security, compliance, and global banking integrations.

Is it safe to transfer crypto from MEXC?

Yes, as long as you follow best practices: use correct networks, verify addresses carefully, enable 2FA, and avoid public Wi-Fi during transactions.

How long does it take to withdraw from MEXC via another exchange?

Typically:

Total estimated time: under 24 hours in most cases.

Are there fees involved?

Yes, but they’re generally low:

👉 Minimize delays and maximize efficiency with a platform built for smooth crypto-to-fiat transitions.

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Final Thoughts

While MEXC doesn’t offer direct bank withdrawals, transferring your profits is simple when you know the right steps. By leveraging a compliant exchange that supports fiat off-ramping, you maintain full control over your funds—securely converting digital assets into usable cash.

Whether you're cashing out after a successful trade or diversifying into traditional finance, this method ensures a smooth transition from blockchain to bank balance.

👉 Access a reliable gateway between crypto and cash—start your withdrawal journey today.