KuCoin vs. MEXC: Fees & Deposit Methods

Deposit Fees:

Neither of these two platforms support fiat currency deposits, but users can either deposit cryptocurrency or buy crypto using third-party payment merchants or on the P2P marketplace.

KuCoin supports Visa/Mastercard, Apple Pay, bank transfer, Skrill, and PayPal, for crypto purchases, while MEXC only supports Visa/Mastercard, Apple Pay, Google Pay, and bank transfers.

Crypto deposits are free for both exchanges, and the same goes for buying crypto on the P2P marketplace.

When you purchase crypto directly on KuCoin or MEXC, you will be charged a fee by a third-party payment merchant, such as Banxa and Simplex. The fees they charge usually range from 3-5%, depending on payment method.

Trading Fees:

On KuCoin, the fees for spot trading are 0.1% and for futures trading they are 0.02/0.06% (maker/taker). If you pay fees using the native coin KCS, you receive 20% discount on fees. You can also reduce your fees if you have high trading volume over the previous 30 days.

When you trade on MEXC, the fee for spot trading is 0% for makers and 0.1% for takers. Futures trading is 0% for makers and 0.01% for takers. Makers don't have to pay any fees at all, and taker fees are low. If you want to reduce your taker fees, sign up here, for 10% off your trading fees for the life of your account! If you trade large amounts, you will receive even further discounted fees. 

KuCoin vs. MEXC: Features

KuCoin and MEXC are well-rounded exchanges with a lot to offer. Let's look at what each exchange does best.

KuCoin's Features

Trading Markets

KuCoin is well-equipped to handle the needs of advanced traders with its extensive range of trading pairs, markets, and advanced charting tools. For starters, the platform offers an ever-growing list of more than 700 cryptocurrencies. And it's not just about the numbers; the coins supported are also high quality, with a good selection of top-tier assets such as Bitcoin, Ethereum, Litecoin, XRP, and more.

Margin trading is a popular way to trade crypto, and KuCoin offers 14 different pairs for margin traders. There are two different types of margin trades that can be made on KuCoin - cross-margin trades and isolated margin trades. Cross-margin trades have a maximum leverage of 5x, while isolated margin trades have a maximum leverage of 10x. In addition, KuCoin offers a crypto borrowing and lending feature to support margin trading. Lenders earn interest for lending out their holdings, and borrowers can access the coins they need at their preferred interest rates and duration.

Futures trading is also available for traders who prefer this type of trading. The platform offers over 60 futures contracts, with leverage of up to 20x. What's more, there are two different futures interfaces to choose from; Futures Classic and Futures Lite. The former is aimed at experienced traders who are comfortable with complex order types and advanced charting tools. The latter is simpler and more user-friendly, making it ideal for beginners. 

Marketplaces

KuCoin offers a P2P marketplace where users can buy, sell, or trade cryptocurrency. The platform offers free trades and supports the most popular currencies, such as BTC, ETH, USDT, USDC, and KCS. The only drawback is that only the five cryptocurrencies mentioned are supported on the P2P marketplace. Nevertheless, the platform is an excellent option for those looking for a hassle-free way to trade cryptocurrency.

KuCoin also provides a one-stop solution for users to buy, sell, and swap NFTs. The marketplace is divided into Windvane, Fractionalize FFT, and Wonderland. 

Windvane is designed for efficient NFT transactions. On Fractionalize, users can trade fractions of their NFTs, and on Wonderland, they can launch games that use NFTs as in-game assets. 

Advanced Trading Features

For users who want to take their trading to another level, KuCoin offers a range of advanced tools to help them make the most out of their trades.

With an order book, you can track market demand and supply to help you make better decisions. There are also different types of orders that you can place, including market orders, limit orders, and stop-limit orders to give you greater control over your trades. KuCoin also offers indicators and candles that can help you analyze price movements, and with fast order execution, you'll never miss a beat. The charting software is provided by Trading View, so you can be confident that you're getting accurate data.

To make your trading experience much better and more seamless, KuCoin also offers trading bots. These bots can automate your trading strategies and help you to make consistent profits. The bots are free to use and can be customized to fit your specific trading needs.

KCS

Like many crypto exchanges nowadays, KuCoin has its own native currency, called KuCoin Shares (KCS). KCS holders enjoy several benefits, such as reduced trading fees (20% discount) and receive a portion of the platform's daily trading volume as a reward.

KuCoin Earn

KuCoin Earn is the perfect platform for those who want to increase the value of their holdings without having to put in a lot of effort. With KuCoin Earn, users can choose from a variety of financial products to suit their needs, whether it's through staking, taking advantage of flexible savings rates, or investing in Polkadot or ETH2.0. With both fixed and flexible terms available, users can find the perfect solution for their needs.

KuCoin Wallet

KuCoin Wallet has quickly become the go-to choice for NFT collectors and traders. The wallet offers a one-stop solution for buying, storing, and collecting NFTs, and makes it easy to trade, lend, purchase NFTs, publish content and play games.

The KuCoin Wallet is a self-custody wallet, meaning that you control your private keys – unlike most other wallets that store them on centralized servers. This state-of-the-art security is thanks to Hacken's recent penetration testing audit, which confirmed that the wallet is safe and secure.

There's also a generous prize pool of 50,000 USDT up for grabs to users holding at least 1,000 USDT and an ambassador program offering up to 10,000 USDT in incentives every month.

MEXC Features

MEXC is a feature-rich crypto exchange platform that allows users to trade digital assets conveniently, and here are some of the features that make it stand out:

Beginner-friendly platform

Maintaining a complex financial portfolio can be daunting for even the most experienced investor. For beginners, the task may seem impossible. But with the MEXC exchange platform, anyone can start trading cryptocurrency with ease. The platform is designed to be user-friendly, with a simple and intuitive interface that is easy to navigate. Additionally, a demo account is available for beginners to practice trading without risking any real money. And if you ever get stuck, customer support is just a live chat away. Plus, there's a detailed guide with tutorials to walk you through every step of the process.

Advanced Trading Markets

MEXC offers a variety of trading options to meet the needs of all kinds of investors. There are over 1,520+ coins and 2,110+ trading pairs available. You can spot trade, trade futures, or margin trade, whichever you desire.

MEXC has one of the largest selections of assets available for margin trading. Both auto and normal margin trading are available, allowing users to choose what works best for them. Up to 10x leverage is also offered, allowing users to maximize their profits.

For those looking to earn interest on their holdings, crypto lending and borrowing is also available on MEXC.

MEXC offers over 100 USDT-M and COIN-M perpetual trading contracts for futures trading. USDT-M perpetual contracts are collateralized by USDT, while the underlying coin collateralizes COIN-M perpetual contracts. You can trade with up to 125x leverage, and the platform provides a variety of tools to help you manage your risk.

Trading Tools

MEXC's advanced trading tools provide users with the information and resources they need to make informed trades. The email updates keep users up-to-date on the latest news and changes in the market, while the order book provides a detailed view of current prices and bids. The trade calculator is a valuable resource for determining the potential profits and losses of a trade, and the high-speed trade execution ensures that users can take advantage of market conditions. Traders can also toggle between original, pro, and depth on the chart to visualize and analyze the market.

Quantitative Trading

For traders who want to take a hands-off approach, MEXC offers an automated trading system that can be used to trade a variety of digital assets. Quantitative Trading is a free trading tool that helps users save time and effort by automatically executing trades and capturing more profit margins. To use Quantitative Trading, users must first set up a spot grid and specify the minimum and maximum prices they are willing to buy or sell at. They can also specify the number of grids they want to trade on and the amount to be invested.

Once the parameters are set, the Quantitative Trading system will automatically execute trades according to the user's specifications. This can help traders take advantage of market opportunities quickly and efficiently without having to manually monitor and place orders.

ETF Trading

MEXC offers leveraged and index ETFs, which are funds that track the performance of a particular index or asset. Leveraged ETFs provide exposure to an underlying asset with a multiplier so that investors can get more bang for their buck. For example, a leverage ratio of two means that if the underlying asset increases by one percent, the ETF will increase by two percent.

Index ETFs, on the other hand, simply track the performance of a particular index. This can be useful for investors who want exposure to a specific market or sector without picking individual stocks.

If you're looking to trade ETFs on MEXC, you'll have access to leveraged ETFs with up to 5x leverage and index ETFs. With leveraged ETFs, you can open a position with just one click, and there's no margin or liquidation. Plus, your profits will be automatically compounded. And with their risk control features, you can help protect your account from excessive losses.

Regarding index ETFs, MEXC offers 9 different spot tokens, giving you exposure to a broad range of assets. And with good market liquidity, you can be sure of getting a fair price when you trade.

MX Token

MX Token is the native token of MEXC Exchange that offers holders several benefits. MX can be used to pay for trading and transaction fees, project listing voting participation, and MX DeFi mining. It also offers airdrop bonuses for MEXC users and traders and gives them access to exclusive events within the platform. For instance, the MEXC Launchpad provides users the opportunity to invest in high-quality projects.

MX holders also have priority when it comes to investing in new projects listed on MEXC and receive discounts on trading fees. Beyond the MEXC platform, MX can be used on other DeFi applications built on Ethereum.

Staking

MEXC offers a variety of staking products that can fit the needs of any investor. With over 30 tokens available for staking, you are spoilt for a choice. For those looking for a more hands-off approach, MEXC offers locked staking products with interest rates as high as 22% APY. For those who want more flexibility, MEXC also offers flexible staking products that allow you to redeem your tokens at any time. 

Copy Trading

The copy trading feature on MEXC is a great way to find successful traders and mimic their strategies. The platform ranks traders by ROI, PNL, Win rate, Equity, and Number of followers, so you can easily find the most successful ones. Once you've found a trader you want to copy, simply click on their profile and hit "Copy." You can then adjust the amount of money you want to invest, set your stop loss, and take profit levels. The copied trade will then be executed in your account automatically.

KuCoin vs. MEXC: Security

A cryptocurrency exchange security breach can be disastrous not just for the exchange but also for its users. KuCoin has been a victim of a major hack in the past, in September of 2020, in which over $150 million worth of Bitcoin and other cryptocurrencies were stolen. While this was seen as a test of KuCoin’s security measures, the exchange has continued to reassure its users of the safety of their platform.

Some of the security measures they've put in place include:

• 2FA and IP Restriction for login attempts
• Requiring KYC verification for higher withdrawals
• Anti-phishing security
• An internal risk control department is responsible for monitoring all exchange activity and identifying potential threats
• An insurance fund that covers user losses in the event of a hack

On the other hand, MEXC has never been hacked before and is considered a much more secure exchange. MEXC uses military-grade security protocols and stores all user funds in cold wallets with multi-signature protection. Some of its security measures include;

• Two-factor authentication
• Whitelisting of withdrawal addresses
• Mandatory KYC verification
• Anti-phishing security measures

KuCoin vs. MEXC: Number of Cryptocurrencies

KuCoin has more than 700+ cryptocurrencies on offer, which is an impressive number.

MEXC offers an even larger range, with more than 1,520+ coins, across 2,110+ trading pairs.

KuCoin vs. MEXC: Summary

KuCoin is a great cryptocurrency exchange platform with some great features experienced traders will love. They also have an impressive selection of cryptocurrencies and trading pairs, giving users plenty of options. The fees are slightly lower than on MEXC, making it a great option for those looking to trade frequently. 

However, MEXC is a more comprehensive crypto exchange. It offers 1,520+ coins, and plenty of features that cater to traders of all experience levels. Some of these include spot trading, futures contracts, leverage of up to 125x, copy trading, demo trading, and staking. If you want to sign up to MEXC, use our link here, to receive $30 FREE USDT + 10% off your trading fees!

Still Researching?

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