MEXC to Binance Transfer on Hold: What Should You Do?
You withdrew crypto from MEXC, but it has not appeared in your available Binance balance. The first step is to find out whether the transaction is still awaiting blockchain confirmations or has reached Binance and been placed under review.
MEXC and Binance transfer restrictions
On November 10, 2026, Binance announced restrictions involving MEXC and affiliated entities. Outgoing transfers to those entities will be declined. Incoming deposits will be held for compliance review, and affected accounts may face restrictions or offboarding. Binance announcement.
Why are MEXC transfers being reviewed?
The announcement follows action by FinCEN, part of the US Treasury. Treasury alleges that MEXC facilitated at least $16 billion in illicit transactions, including nearly $1.5 billion linked to Russian sanctions evasion. These are allegations about activity facilitated by the exchange, not a finding against every customer. US Treasury release.
FinCEN’s order and Binance’s restrictions are separate measures. The order prohibits covered US financial institutions from processing MEXC-related transfers and takes effect 30 days after Federal Register publication. It does not automatically confiscate every MEXC customer’s funds. FinCEN order.
What to do if your deposit is missing
- Check the transaction hash. Confirm the network, destination address, amount and blockchain confirmations. An on-chain success does not necessarily mean the exchange has made the funds available. Binance transaction guide.
- Save the records. Keep the MEXC withdrawal entry, Binance deposit status, account notices and support conversations.
- Ask support for the specific status. Is the deposit under compliance review? What information is required? Is a return procedure available?
- Prepare source-of-funds records. Gather documents showing how you acquired the crypto and how it reached MEXC. Submit sensitive documents through the exchange’s designated official channel.
- Pause further transfers. Sending another deposit will not resolve the first one.
Describe the actual restriction in your support request. A deposit held for compliance review may require a different process from a transfer sent with an incorrect address or missing memo.
What if MEXC is closing your account?
MEXC separately announced on October 20 that it would discontinue services for users in Russia and Belarus. Affected customers receive individual instructions and deadlines for closing positions and withdrawing assets. Check the notice for your own account. MEXC service update.
If withdrawals are restricted while your deadline is approaching, save the notice and contact support promptly. Explain both the withdrawal restriction and the deadline.
When to contact DefCrypt
Contact DefCrypt if your deposit is on hold, your account is restricted, or support has not explained the next steps. We can review the circumstances and assess the options for your case. Start with the transfer amount, date, transaction hash and the exchange’s notice.
You can seek help while the review is ongoing. The available options and timeframe depend on the facts of your case; release of funds cannot be guaranteed.