How To Get Verified With MEX Digital
Aug 29, 2021
How is MEX Digital Regulated?
MEX Digital Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC) in Australia.
MEX Digital offers spot digital assets trading through its Australian division registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC). MultiBank FX International, which facilitates our leverage trading, is licensed by the Financial Services Commission (FSC) of the British Virgin Islands (BVI).
What is KYC?
KYC is an acronym that stands for “Know Your Client” or “Know Your Customer.” Stringent KYC processes help to ensure the security and regulation of your chosen crypto exchange. At MEX Digital, our legal team takes charge of our KYC, also known as ‘identity verification’ procedures. You’ll need to complete our identity verification procedures to start trading with us.
How do I get Verified with MEX Digital?
To get verified with MEX Digital, you’ll need to:
When we launch (soon): Register with MEX Digital: Don’t forget to set a strong password. We recommend using a password generator or similar technology, to create a secure, strong password that isn’t easily predictable.
Login to MEX Digital: Once you’re all set up, login to the MEX Digital platform, and click “Verify.”
What do I Need to Get Verified with MEX Digital?
Now that you’re ready to undergo verification, you’ll need to supply:
A copy of your national Identity Document: passport, drivers license or national ID
Proof of Address: You’ll need this documentation if you want to participate to be able to deposit using fiat. Your proof of address could take on the form of a bank statement that details your address, or a lease agreement, utility bill, or similar item.
How Long Does it Take to Get Verified with MEX Digital?
Once you’ve submitted all the required documentation, it should take less than 30 minutes for you to be verified, and then equipped to begin trading on the MEX Digital platform. You can track your verification progress on our platform– and to make life easy, we’ll send you an email once your account has completed our verification process.
Exclusions for MEX Digital
As part of our regulatory adherence, we do have some exclusions that prohibit trading on MEX Digital in some ways. Check out our list of exclusions here:
If you are a national of the USA, UAE, or OFAC sanctioned country, we cannot, unfortunately, permit trading on MEX Digital.
We don’t offer leverage trading to clients who live in the UK and Australia.
We are unfortunately unable to provide services to clients who live in the USA, Japan, Hong Kong, or OFAC sanctioned countries. Should this change in the future, we’ll let you know via our website.
You’re all set up! Now that you’re verified with MEX Digital, it’s almost time to start trading.Sign up to our mailing list on the home page of mexdigital.com and be informed when we launch!
Remember, proper diligence and sound judgement should be used in evaluating the risks associated with these activities. Trading cryptocurrency carries significant risk and losses can exceed deposits. Refer to our Terms and Conditions and disclosure material.