Bybit vs MEXC

Platform Overview

Bybit

Founded in 2018, Bybit started as a derivatives trading platform but has rapidly expanded into spot trading, staking, and copy trading. It’s known for a sleek interface, deep liquidity on futures, and strong emphasis on user education and platform stability.

MEXC

MEXC (formerly MXC) also launched in 2018 but took a different route. It became known for offering the largest selection of altcoins — often listing new tokens before they hit mainstream exchanges. MEXC is popular with adventurous traders and early adopters looking for high-risk, high-reward plays.

Supported Cryptocurrencies

When it comes to coin variety, MEXC takes the lead. With over 2,960 tokens listed, including obscure memecoins and microcaps, it’s a go-to for discovering tokens before they explode in popularity.

By contrast, Bybit is more selective, offering around 280 tokens. While the list is smaller, it leans toward quality and security, which may appeal to more risk-averse traders.

Fees and Trading Costs

Fees are a major factor for active traders.

• Bybit charges 0.1% on spot trades, and offers competitive 0.02/0.055% maker/taker fees for derivatives. There are occasional fee discounts for VIP users and promotions.
• MEXC offers 0% spot trading fees for spot and futures makers, and takers are charged 0.05% for spot and 0.02% for futures which is lower than Bybit.

Withdrawal fees vary by token, but MEXC tends to be a bit more cost-effective here too.

User Interface and Experience

Both platforms offer clean and intuitive interfaces on both web and mobile apps.

• Bybit’s UI is polished and designed for both beginners and professionals. Its charting tools are top-tier thanks to integration with TradingView.

• MEXC’s interface is more utilitarian but functional, especially considering how many tokens it supports. Some users find it slightly cluttered, especially on mobile.

If you're brand new to crypto, Bybit feels easier to navigate.

Derivatives and Leverage Trading

Both exchanges offer futures trading with leverage up to 200x, but Bybit stands out for its user interface and liquidity.

• Bybit is considered one of the best platforms for perpetual contracts, with extremely tight spreads and deep order books.
• MEXC offers a wide range of derivative pairs — including niche altcoin futures — but may have lower liquidity on less popular pairs.

Advanced features like stop-loss, take-profit, and isolated/cross margin are available on both.

Earning Features: Staking, Launchpads, and Yield

Both platforms offer ways to earn passive income on your crypto:

• Bybit Earn lets you stake major tokens and access flexible or fixed-term products with decent APYs.

• MEXC Earn is similar, with the added bonus of early access to token launchpads and frequent “Kickstarter” token votes that reward participation.

MEXC tends to have slightly more aggressive yield options but also more volatility.

Copy Trading and Social Features

Copy trading is available on both platforms, allowing beginners to mimic the trades of experienced users.

• Bybit’s copy trading is user-friendly and well-documented, showing real-time trader stats and allowing risk limits.

• MEXC has a similar feature but with less transparency on trader performance.

If you're new to the market and want to learn while earning, Bybit is the safer bet for copy trading.

Security and Trust

Both exchanges employ standard security practices such as cold storage, two-factor authentication (2FA), and anti-phishing measures.

• Bybit has never suffered a major hack and is widely seen as one of the more transparent global exchanges.

• MEXC hasn’t had major public breaches but lacks the same level of transparency when it comes to audits or insurance fund disclosures.

If platform trust is a priority, Bybit edges ahead.

Customer Support

• Bybit provides 24/7 live chat support, in multiple languages, with a strong reputation for fast response times.

• MEXC also has 24/7 support, but reviews suggest a slightly slower turnaround and less detailed help.

Both have decent help centers and tutorial sections for self-service.

Which One Should You Choose?

Here’s a quick summary based on your needs:

• Choose Bybit if you want:
  • Better futures liquidity
  • A smoother user experience
  • Transparent copy trading
  • Stronger security standards
• Choose MEXC if you want:
  • Access to thousands of altcoins
  • Zero fee trading 
  • Early exposure to new tokens
  • Frequent trading competitions and rewards

Conclusion

There’s no one-size-fits-all winner in the Bybit vs MEXC debate. The best exchange depends on what kind of trader you are.

If you’re serious about derivatives, appreciate transparency, and prefer a clean user experience, Bybit is a solid choice. But if you’re hunting the next 100x token or want to trade with zero fees, MEXC is unmatched for token variety and trading fees.

You might even consider using both — one for spot altcoins and the other for futures.

Still Researching?

To do more research before signing up to either of these platforms, you can read my Bybit review (here) and MEXC review (here). You can also read this article on the top cryptocurrency exchanges in the US. I have also included a quick comparison table below that summarizes some key info.