
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.
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:
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.
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.
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.
Eligible users can simply follow these steps to participate in the loss protection program:
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