New crypto traders typically face several hurdles when starting, but one that stands out in particular is the fear of losing funds. And rightly so at a time when the crypto market is experiencing high volatility.
To help along the way, MEXC is currently running a first-trade loss protection campaign. If you’ve verified your identity on MEXC and your first closed futures position ends in a loss, MEXC will compensate that loss, up to a $100 cap for new users.
By linking rewards directly to trading outcomes and Know Your Customer (KYC) checks, MEXC attempts to solve two of the most pressing issues in the Web3 space. First is “analysis paralysis” among new traders, and second is the increasing global pressure to comply with strict regulations.
Read on to know about the eligibility for the MEXC first trade loss coverage and why it matters.
What Is the MEXC First-Trade-Loss Protection Campaign?
The MEXC First Trade Coverage bonus is a form of downside protection in which the exchange promises to reimburse the losses on your very first eligible futures trade. Interestingly, the promotion applies to both new and existing users. Here is how it works:
For new users: New users who sign up on MEXC, register for the event, and complete advanced KYC are eligible for the first trade loss protection campaign. MEXC’s official website states that the platform will cover the loss up to 100 USDT for these new users.
For existing users: Existing MEXC users can also participate in this loss protection campaign by registering for the event. The exchange claims to compensate existing users for trading losses of up to 50 USDT.
Why MEXC Is Offering This Safety Net
By providing solid downturn protection, MEXC aims to create an environment where users feel safe executing their first trade.
If the user profits from their initial trade, they can simply retain the profit while their confidence remains intact. However, if they lose, the platform will absorb up to 100 USDT in losses for new users (and 50 USDT for existing users).
The MEXC First-Trade Coverage campaign ends on January 8. Source: MEXC
In addition to being eligible for $100 USDT or $50 USDT in loss compensation, opting for KYC on MEXC can unlock a few important benefits for users. To begin with, identity-verified users can easily recover their MEXC account if their email is compromised or their phone is lost. The facial recognition data from KYC also serves as proof of ownership, enabling you to recover your funds.
Users who’ve completed their basic KYC can also access MEXC’s full suite of over 3,000 coins and high-leverage futures. Completing advanced KYC will allow you to buy crypto directly with bank cards or bank transfers, which is currently restricted for unverified users.
Who Is Eligible? (And Who Is Restricted)
It is essential to note that the loss protection promotion is not available to residents of jurisdictions where crypto derivatives are prohibited or where MEXC does not hold a license to operate. These regions include the United States, mainland China, Singapore, Iran, Syria, North Korea, and Cuba, among others.
Users participating from regions other than those above are eligible to participate in the loss protection program. New or existing users who opt to complete an advanced KYC check and register for the event are eligible for the MEXC trade loss protection promo.
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A new user in this context is one who does not yet have an account or any trading history on MEXC. On the other hand, existing KYC-verified users who have not registered for the loss protection event can also participate.
Note that registrations for the event close on January 8, 2026.
How to Claim Your Loss Protection Coverage
Eligible users can simply follow these steps to participate in the loss protection program:
Create a New Account: Visit MEXC’s official website and sign up for a new account by providing your name, email, and phone number. If you already have a MEXC account that is not KYC-verified, you can simply skip this step and log in to your existing account.
Opt for Advanced KYC: In this step, go to the identification tab in your user center or settings, then select advanced KYC. You will then be required to upload an identity document, such as a government or national ID, and then complete the facial scan. You’ll then need to wait for the final confirmation from the team, which typically takes just a few hours.
Register for the Promotion Event: Now that the advanced KYC is complete, visit the official page for the loss protection promotion event and click “Register Now” to get started.
Unlock Eligibility for Loss Protection: Registered users can now start trading on MEXC, knowing that their first trade loss is protected up to 100 USDT (and 50 USDT for existing users).
