Home
/
Crypto news
/
Regulatory updates
/

Navigating the rules on multiple accounts without kyc

Multiple Accounts | Users Weigh In on Guidelines with MEXC Impact

By

Laura Shin

Apr 10, 2025, 10:10 AM

Edited By

Liam O'Connor

2 minutes of duration

An abstract representation of interconnected trading accounts illustrating KYC regulations

Amid rising confusion over account policies, users of MEXC, a cryptocurrency exchange, are debating whether they can maintain both a KYC’d (Know Your Customer) account and a non-KYC account. This discussion has sparked concerns about privacy, compliance, and potential repercussions.

With the surge of interest dating back to April 2025, many believe that MEXC risks alienating its base. β€œThere’s just some things you don’t do to your main account,” remarked a user highlighting fears of account suspension if discrepancies are discovered by the exchange. Tensions mount, especially since MEXC has not clearly addressed how linked accounts might be treated, leaving many users bewildered about their options.

The Current Dilemma Surrounding Account Ownership

The controversy surrounding account creation rules has taken a life of its own. Some users are exploring the boundaries set forth by MEXC, questioning if they can juggle multiple accounts without raising red flags. If MEXC were to figure out connections between users based on referrals, the implications could be severe.

Additionally, there’s a call-out for clarity on account management within the exchange. An alternative suggested by some is to open a sub-account, which many believe offers a straightforward solution over maintaining multiple accounts. Yet, skepticism pervades the community. β€œWhy do you even need two accounts?” one user remarked, adding further pressure on the exchange to clarify its stance.

User Sentiments and Reactions

The community's feelings lean heavily negative, centering on their frustrations with MEXC's ambiguous policies. Users resonate with a sense of needing personal freedom while fearing restrictions that could tighten their operational maneuvering.

Interestingly, the discussion reveals various themes:

  • Distrust regarding account linkage and monitoring

  • Potential advantages of using sub-accounts

  • Calls for more explicit guidance from MEXC policy makers

"This could set up a dangerous precedent for new users," warned one outspoken community member, reflecting the heightened stakes involved.

Community Impact and the Road Ahead

As the debate continues, it's clear that user confidence is wavering. With MEXC yet to issue a formal response, many voice their concern that an elusive compliance landscape could lead to greater fallout for unsuspecting users.

Essential Insights for Users

  • βœ… Many feel uncomfortable juggling multiple accounts due to fear of repercussions.

  • πŸš€ Sub-accounts are viewed as a viable alternative for users who want separation without risking penalties.

  • πŸ’¬ "It's about privacy and control over your assets" - echoes a strongly voiced opinion in support of clearer regulations.

While a consensus remains elusive, MEXC must address these concerns head-on or risk diminishing user trust in one of the most competitive sectors of decentralized finance.

For additional details on cryptocurrency regulations, visit CoinDesk or check out insight reports at CryptoSlate.

Stay tuned as this developing story unfolds and impacted users continue to voice their opinions in the community.