MEXC vs Binance

Platform Overview

MEXC

MEXC has carved out a niche in the altcoin space by listing hundreds of new projects — often before they appear on larger exchanges. It appeals to high-risk, high-reward traders who are early adopters and like to experiment with new tokens.

Binance

Binance, launched in 2017, has become the most trusted name in crypto. It's a full-featured exchange offering everything from basic spot trades to futures, staking, launchpads, and even an NFT marketplace. Binance also has strong global regulatory reach and liquidity.

Supported Cryptocurrencies

If you're looking for obscure and newly launched tokens, MEXC wins hands down. With over 2,960 coins listed, it’s a playground for speculative trading and DeFi exploration.

Binance offers around 600 carefully vetted cryptocurrencies, including most major and trending projects. While it doesn’t have as many microcaps as MEXC, it covers all the essentials with significantly more trading volume and stability.

Fees and Trading Costs

Fees are a major factor for active traders.

• 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 Binance.
• Binance charges 0.1% spot fees, which drops to 0.075% if you use BNB (Binance’s native token) to pay fees. For futures, the fees are 0.02/0.05%.

User Interface and Experience

Both platforms provide solid mobile and desktop experiences, but there are some differences:

• Binance has a highly polished UI and customizable dashboards for pro traders. Its advanced features are wrapped in a beginner-friendly onboarding experience.

• MEXC has a more straightforward design. It’s fast and functional, but the sheer number of tokens can make it feel cluttered to new users.

Binance wins for depth and smoothness, but MEXC is simpler and easier to jump into quickly.

Derivatives and Leverage Trading

Both exchanges offer futures trading. Binance has leverage up to 125x, but MEXC goes all the way up to 200x.

• Binance is the gold standard for liquidity and execution on futures. It’s used by pros around the world and supports complex order types.
• MEXC has hundreds of perpetual futures contracts, often including altcoins you won’t find anywhere else — but the liquidity is more limited on smaller pairs.

For deep liquidity and reliability, Binance wins, but MEXC has the edge on variety and higher leverage.

Earning Features: Staking, Launchpads, and Yield

Both platforms offer passive income opportunities:

• Binance Earn is extensive — offering fixed, flexible, and auto-invest options, plus DeFi access and dual investments. It's ideal for long-term holders.

• MEXC Earn has good APYs and includes early access to token launches and “Kickstarter” voting events where users earn tokens for participating.

Binance wins for diversified earning options, but MEXC is more exciting for altcoin-focused investors.

Copy Trading and Social Features

• MEXC offers a simple copy trading system with public trader profiles and transparent ROI stats.
• Binance is pushing social features via Binance Feed, where users can follow pro traders, share content, and copy strategies (though it’s more curated than MEXC).

If you want plug-and-play copy trading, MEXC is more straightforward. Binance offers broader social engagement and educational resources.

Security and Trust

• Binance is widely regarded as the most secure and trusted platform, with SAFU insurance, regular audits, and strong regulatory compliance.

• MEXC has had no major hacks, but doesn’t publish detailed audits or insurance disclosures, making it slightly less transparent.

If trust, regulation, and insurance matter most to you, Binance is the clear choice.

Customer Support

• MEXC offers 24/7 live chat support and a multilingual help center.

• Binance provides similarly fast 24/7 support and a more robust knowledge base, including tutorials, academy articles, and user forums.

Both are responsive, but Binance has a more comprehensive support ecosystem.

Which One Should You Choose?

Here's a quick breakdown based on your needs:

• Choose MEXC if you want:
  • Early access to new altcoins
  • Anonymous trading with no KYC
  • Easy-to-use copy trading
  • Competitive promotions and rewards
• Choose Binance if you want:
  • Deep liquidity on major pairs
  • Strong regulation and trust
  • Advanced earning options
  • Institutional-grade trading tools

Conclusion

Both Binance and MEXC are excellent exchanges — they just serve different types of traders.

If you're serious about security, long-term investing, or trading large volumes, Binance is a top-tier platform with global credibility. But if you're an adventurous trader chasing the next 100x altcoin or want more freedom with KYC, MEXC delivers a better fit.

Using both isn’t a bad idea — especially if you want the best of both worlds.

Still Researching?

To do more research before signing up to either of these platforms, you can read my Binance 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.