Effective April 1, 2025, at 02:00 UTC, MEXC will implement a monthly management fee for deactivated accounts that still hold assets on our platform. This fee is introduced to cover the ongoing administrative and compliance-related costs associated with maintaining such accounts.
Fee Structure
• The fee will be automatically deducted from the remaining assets at the start of each month.
• This applies only to accounts that have been deactivated due to compliance or security reasons.
• Fee amount: 1% of the total remaining assets, with a minimum fee of 10 USDT per month. If the account balance is below 10 USDT, the entire remaining balance will be deducted.
• If the main account lacks sufficient assets to cover the management fee, the system will automatically transfer all assets from the sub-accounts to the main account in a single transaction to ensure fee payment.
• If the calculated fee has excessive decimal places, it will be rounded down to a reasonable precision.
Order of Deduction
The management fee will be deducted in the following order:
- Stablecoins First: The fee will be deducted from the user's stablecoin balance, starting with USDT, followed by USDC.
- Other Assets If Necessary: If the stablecoin balance is insufficient to cover the full management fee, the remaining amount will be deducted from other tokens. These will be converted into USDT equivalent at the closing price from the snapshot taken on T-1, at 16:00 UTC.
How Is Account Balance Determined?
• The asset balance is determined via a snapshot taken at 16:00 UTC on the day before the fee deduction. This snapshot will capture assets in the main account and all sub-accounts, including Spot and Futures wallets, but excluding Fiat wallets and any existing open Futures positions.
• The value of all assets will be converted into USDT based on the closing price of the relevant pair at 16:00 UTC on the day of snapshot for management fee calculation.
Recommended Action
If your account is currently deactivated, we encourage you to resolve any outstanding issues to avoid these fees. Please contact online Customer Service by navigating to Support → Customer Service on the homepage.
Thank you for your understanding and cooperation.
