Key Takeaways
- To withdraw money from MEXC to a bank account, you need to use a separate crypto exchange.
- The process involves six steps: choosing a crypto exchange, creating an account, verifying your account, sending crypto from MEXC to the new exchange, selling crypto for fiat currency, and withdrawing the money to your bank account.
- Kraken is recommended as a user-friendly and secure crypto exchange for this process.
- MEXC does not allow direct fiat withdrawals, but by following the guide, you can easily withdraw your money using Kraken or another exchange that supports fiat withdrawals.
So, I’m guessing you landed on this page because you’ve been trading on MEXC, made some nice profits (congrats, by the way!), and now you're ready to cash out. Totally understandable. The tricky part? MEXC doesn’t let you withdraw fiat directly to your bank account. But no stress—I’ll walk you through exactly how to get your money out, and it’s way easier than it sounds.
How do I get my money out of MEXC?
Here’s the deal: you’ll need to move your crypto from MEXC to another exchange that does support fiat withdrawals, then sell your crypto there and withdraw the cash to your bank. I’ve broken the whole process down into six easy steps, and we’ll go through them one by one in the guide—complete with screenshots to keep things super clear.
Here’s a quick overview of the six steps to cash out from MEXC:
Step 1: Choose a crypto exchange
Step 2: Create an account
Step 3: Verify your account
Step 4: Send crypto from MEXC into your new crypto exchange
Step 5: Sell crypto for fiat currency
Step 1 - Choose a crypto exchange
The first thing you’ll want to do is pick a crypto exchange that checks a few key boxes: it should be user-friendly, secure, reputable, and—most importantly—able to accept crypto deposits and allow fiat withdrawals to your bank account.
There are several solid options out there, and all of the top crypto exchanges listed below are legit and well-known. For this walkthrough, I’ll be using screenshots from my Kraken account to show you exactly how to move your money out of MEXC. Kraken is a great choice because it’s available in most countries (including the US), supports a wide range of fiat currencies, and offers 24/7 live chat support in case you get stuck along the way.
If you want to follow along with the guide step by step, I recommend creating a Kraken account now—it’ll make the process a lot smoother.
Top 3 Recommendations
Kraken
Best Overall
Rating
4.9
Uphold
Wide Range of Assets
Rating
4.6
eToro
Easy to Use App
Rating
4.4
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
If you want to do more research first before deciding on an exchange to help you withdraw money from MEXC, read this article on the best crypto exchanges.
Step 2 - Create an account
Now that you’ve chosen a crypto exchange to withdraw through (in this case, Kraken), the next step is to open an account.
Head over to Kraken’s official site and click on “Create Account” in the top right corner. You’ll be taken to a signup page that looks like the screenshot shown below in the guide.
Here, just enter your email address, choose a username and a secure password, select your country, and then click the “Create Account” button at the bottom. It’s a quick process, and once you’re done, you’ll be all set to move on to the verification step.
Step 3 - Verify your account
After setting up your Kraken account, you’ll be guided through the verification process. To deposit crypto, sell it, and withdraw fiat to your bank, you’ll need to verify your account up to the ‘Intermediate’ level.
The good news is that Kraken verification is pretty quick and painless. You’ll just need to provide some personal details and upload an ID to confirm your identity.
If you skipped verification during sign-up and want to do it now, just click on your name in the top right corner, then select “Get Verified” (you’ll see something similar to what’s shown in the screenshot in the guide). From there, click the “Verify” button next to the Intermediate level to begin. Once you’re verified, you’ll be ready to move your crypto over from MEXC.
Step 4 - Send crypto from MEXC to your new crypto exchange
Once your Kraken account is verified, you're ready to transfer your crypto from MEXC. Here's how to start the process on Kraken:
Log into your Kraken account.
Click on “Funding” in the top menu (you’ll see it highlighted in red in the guide’s screenshot).
Then click “Deposit” (circled in yellow).
A pop-up window will appear—just type the name of the coin you're sending from MEXC. For this example, we're using USDT (Tether), but you can choose whichever crypto you're holding. Once you select the coin, Kraken will give you the wallet address to use in the next step.
After you’ve selected the cryptocurrency you want to send—USDT in this case—you’ll land on the deposit screen in Kraken.
Here’s what to do next:
Choose the TRC20 network for USDT. This is usually the most cost-effective option, with a low withdrawal fee (only 1 USDT on MEXC).
Then, click on “Generate deposit address” (you’ll see the arrow pointing to it in the guide). This creates your unique Kraken wallet address for receiving USDT.
You’ll use this address in the next step when sending your funds from MEXC. Just make sure the network you choose (TRC20) matches on both ends—Kraken and MEXC—to avoid any issues.
Once your USDT deposit address is generated on Kraken, you’ll see a long string of characters—that’s your unique wallet address. It’ll be used to receive your crypto from MEXC.
To copy it easily and avoid any mistakes, just click the big “Copy deposit address” button at the bottom of the screen. This ensures the full address is copied correctly, which is super important—always double-check that the address you paste into MEXC matches this exactly. Now you’re ready to head over to MEXC and start the transfer.
Log into your MEXC account and head to the top right corner—click on “Wallets”, then select “Overview” from the dropdown menu.
You’ll now see a list of all your available cryptocurrencies. Find the one you want to send to Kraken—in this case, USDT—and click the “Withdraw” button next to it.
This will take you to the withdrawal screen, where you’ll paste the Kraken wallet address you copied earlier. Just make sure you’re withdrawing using the same network (TRC20 for this example) to keep everything smooth and secure.
On the MEXC withdrawal screen, you’ll now complete a few final steps:
Paste the wallet address you copied from Kraken into the appropriate field (double-check it’s correct).
Select the withdrawal network—for USDT, we recommend TRC20 because the fee is just 1 USDT.
Enter the amount you want to withdraw. In this example, it’s 500 USDT.
Once everything looks good, go ahead and click the green “Submit” button. You’ll likely be asked to confirm the transaction with a code or 2FA (depending on your settings). After that, your funds will be on their way to Kraken.
Step 5 - Sell crypto for fiat currency
Once you’ve submitted the withdrawal from MEXC, it may take up to 30 minutes for the funds to arrive in your Kraken account—though it’s often faster.
To check if the crypto has landed:
Click on “Funding” in Kraken’s top menu
Scroll down to your list of Crypto Assets
Look for the coin you sent (in our case, USDT)
If you see it there, great—your funds have arrived and you're ready to move on to the next step: selling your USDT for fiat currency (like USD, EUR, or AUD) so you can withdraw it to your bank account.
At the top of the Kraken dashboard, click on the “Buy Crypto” button. Even though you’re looking to sell your crypto, this is the easiest and fastest way to access the sell page.
Once you're on the Buy Crypto screen, just click on the “Sell” tab—this will switch the interface so you can trade your crypto (like USDT) for fiat currency. From here, you’ll be able to select how much you want to sell and which currency you want to receive.
Now that you're on the Sell screen, you'll see an option to choose how much of your crypto you want to sell. In this example, we’re going with the full amount—500 USDT—so just select “Maximum” if you want to sell everything in your wallet.
Once that’s set, click “Review” to check over the details of the transaction before confirming the sale. This is your last chance to make sure everything looks good before moving forward.
You’ll now see a confirmation screen that breaks down all the key info—how much fiat currency you’ll receive, any fees applied, and the current price of your crypto.
Take a moment to double-check everything looks right. If you're happy with the details, go ahead and click the purple “Confirm” button to complete the sale. Once that’s done, your USDT will be converted into fiat and you’re just one step away from withdrawing it to your bank account.
Nice work—your crypto is now officially converted into fiat currency! The last step is to withdraw those funds to your bank account.
Just head over to the “Funding” section in Kraken, find your fiat balance (like AUD, USD, or EUR), and click “Withdraw.” From there, you’ll choose your bank account or add one if you haven’t already, enter the amount you want to withdraw, and confirm the transaction.
Once submitted, your funds should be on their way—usually within a day or two, depending on your bank and country. Congrats again on cashing out your MEXC profits!
Step 6 - Withdraw your money into your bank account
Click on “Funding” in the top menu of your Kraken dashboard. Then, look for your fiat currency balance—in this guide, we’re using US Dollar (USD) as the example.
Next to your USD balance, you’ll see a “Withdraw” icon (usually shown as an arrow or dollar sign)—go ahead and click that (just like the red arrow in the screenshot points to).
This will take you to the withdrawal screen, where you can start moving your funds to your bank account.
Now, you’ll see a screen like the one below. Just pick your preferred withdrawal type from the dropdown menu, click 'Continue,' and then enter your bank account details. Once that’s done, you’ll be able to withdraw your money directly to your bank account. And that’s it – you’ve successfully moved your funds from MEXC to your bank via Kraken!
If you run into any issues along the way, Kraken’s 24/7 live chat support team is there to help you out with anything you need.
Frequently Asked Questions:
Can you withdraw from MEXC to bank account?
So, MEXC doesn’t let you withdraw fiat directly to your bank account, but don't worry – your money isn’t stuck there. If you follow our guide, we'll show you an easy way to withdraw your funds from MEXC using another crypto exchange like Kraken.
Why is MEXC not allowing me to withdraw money?
MEXC is a reliable cryptocurrency trading platform, especially known for its futures and margin trading. While it doesn't support fiat markets or fiat withdrawals directly, don’t stress – you can still easily withdraw your money. All you need is another crypto exchange, like Kraken. Just follow this step-by-step guide, and you'll be all set to withdraw your funds from MEXC.
Can I withdraw fiat from MEXC?
MEXC doesn’t support fiat withdrawals directly, but don’t worry – we’ve got a simple workaround for you. You can open an account on another crypto exchange that allows fiat withdrawals, like Kraken, and easily transfer your funds that way. Just check out our guide above to see how it's done!
How do I withdraw from crypto to cash on MEXC?
MEXC doesn’t let you sell crypto for cash since there are no fiat trading pairs. But don't worry – the easiest way to convert your crypto to cash is by transferring it to another exchange, like Kraken. Once your crypto is on Kraken, you can sell it for cash and then withdraw the money to your bank. Our simple guide above walks you through the entire process step-by-step, with lots of helpful screenshots along the way!
Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us.
To view our privacy policy read this breakdown.