A 2026 Comparison of Features and Fees

If you love crypto trading, you already know the critical role that a crypto exchange plays in this business. Currently, two prominent cryptocurrency exchanges are emerging as notable players: BingX and MEXC.

Both exchanges offer distinct trading features designed to attract users from diverse backgrounds, making it a challenging task to decide between them. This guide compares MEXC and BingX, focusing on user experience, trading fees, and overall reputation.  

MEXC vs BingX: Quick Comparison

BingX Overview

BingX is a cryptocurrency exchange specializing in hassle-free trading experience with low trading fees. Founded in 2018, the platform has quickly established a name for itself within the crypto space. BingX is currently FC Chelsea’s cryptocurrency partner, a partnership that has boosted its international standing.

The platform is renowned for offering various products, including spot trading, futures trading, and options. The exchange also provides advanced features, including copy trading that enables replicating the experiences of successful traders. BingX is currently FC Chelsea’s cryptocurrency partner, a partnership that has boosted its international standing. Read our full BingX review for a deep dive into its features, fees, and performance.

BingX is applauded by many experienced traders seeking high-level features, but beginners can also navigate it easily. The exchange also supports a wide range of digital assets, including well-known ones and leading altcoins.  Users find it to be a user-centric platform with a friendly design that is easy to navigate for both experts and novices.

MEXC Overview

MEXC cryptocurrency exchange boasts a global appeal and offers an easily accessible, user-friendly platform. Since its establishment in 2018, the platform has experienced exponential growth, capable of settling at least 1.4 million transactions per second. Read our full MEXC review to explore its features, fees, and overall performance in depth.

The exchange supports a wide variety of cryptocurrency assets, including Bitcoin, Binance Coin, Ethereum, and many altcoins. Users love MEXC mainly because of its competitive trading fees and an easy-to-use and navigable interface. This makes the platform attractive for both new and experienced crypto traders.

Trading options are the most popular feature among MEXC users. The standout products include futures contracts, spot trading, margin trading, and staking, offering the much-desired diversity for users. Moreover, MEXC offers a responsive mobile app that enables users to trade efficiently on the go.

MEXC vs BingX: Trading Features 

Both BingX vs MEXC support a wide range of trading options such as futures trading and sport trading. However, MEXC stands out for its extensive list of supported cryptocurrencies, which includes the leading altcoins. The platform enables its users to enjoy margin trading, allowing them to trade with leverage.  

The leading trading features offered by MEXC include contract trading, spot trading, and leveraged ETF trading. The exchange offers a wide range of trading pairs, including DeFi coins, creating a versatile market for its users. Moreover, there are other advanced features like TradingView charts offering advanced charting functions including pop-up reminders for security upgrades.

On the other hand, BingX has cut a niche for itself as a leader in options trading and copy trading. Copy trading has become especially popular for enabling novice traders to replicate the moves of experienced traders automatically.

In addition to futures contracts offered by MEXC, BingX includes options trading, another layer of flexibility and complexity for advanced traders.  BingX crypto exchange offers additional trading features, including instant crypto trading, demo trading, and access to many traditional markets. Investors can also take advantage of crypto platforms with leverage options offering up to 125x on standard contracts.

MEXC vs BingX: Fees  

Regarding applicable trading fees, both MEXC and BingX offer competitive fee structures. MEXC operates on a tiered fee system, which varies based on a user’s trading volume, offering discounts for higher trading activity. The platform provides relatively low spot and futures trading fees, which attract traders seeking cost savings. BingX also offers relatively low trading fees on spot and futures trading. Traders opting for copy trading can benefit from significantly discounted fees depending on the expert trader they follow.   

Trading Fees              

Low trading fees are a key feature of the MEXC exchange, making it a popular choice among day traders. The spot market crypto trading fees begin at 0% with futures trading fees starting at 0% for makers and 0.02% for takers. Spot market traders are charged a flat fee of 0.1% for both makers and takers.

For the BingX exchange, maker fees for perpetual futures are 0.02%, and taker fees are 0.05%. The platform offers discounts based on a user’s monthly trade volume, which can reduce the maker fee to 0.0015% and the taker fee to 0.035%.

Deposit and Withdrawal Fees

BingX offers users various methods for managing their funds, including different deposit and withdrawal channels. These include credit cards, bank transfers, and various cryptocurrencies, with crypto speeds varying depending on the specific asset. The deposit fees will vary based on the method used, while withdrawal fees will depend on the selected crypto asset.  

MEXC’s deposit and withdrawal features offer different processing times and fees depending on the method used. Deposits surrounding cryptocurrencies are mostly instant, and while withdrawals are equally swift, network congestion could cause delays. Additionally, depositing fiat currency via third-party service providers is subject to the fees charged by these providers.  

MEXC vs BingX: Products & Services  

While both BingX and MEXC are renowned for offering diverse products and services, they differ in some aspects. That’s because both crypto exchanges target a diverse range of investors interested in staking, NFTs, various trading options, and savings services. BingX stands out for its user-friendly interface, while MEXC is popular for its extensive list of supported cryptocurrencies.

BingX has products targeting a broad audience with choices ranging from copy trading to spot and derivative trading. Moreover, crypto holders can use their idle tokens for crypto staking and access to new cryptocurrencies. The platform offers a wealth management service that allows users to earn money by saving and engaging in grid trading. Moreover, you can also avail of several cryptocurrency loans to boost your trading capital. BingX’s signal trading feature enables novices to participate in high-yield setups, while the BingX card offers services at near-instant speeds.

Crypto exchange MEXC is highly regarded for its high performance in spot, futures, and margin trading. The platform offers a secure and reputable MEXC wallet for managing crypto assets and private keys. Users also have access to crypto conversions and pre-market trading services. The exchange stands out as the go-to platform for trading meme coins and offers early access to new coins. Additionally, users can also use the MEXC Savings and Loans feature to borrow from the exchange.

Both BingX and MEXC offer leveraged trading, but they focus on different products. MEXC lists a large number of perpetual futures contracts that encompass small-cap tokens, which are unavailable elsewhere, with up to 200x leverage. BingX offers more copy trading futures on an easy-to-use interface, which mainly attracts new users.  

MEXC vs BingX: Supported Cryptocurrencies            

MEXC stands out from BingX due to its relatively wide range of cryptocurrencies, with over 2,900 assets listed. The platform also provides a broader variety of trading options, enabling investors to diversify their portfolios with ease. The diversity allows for users to gain experience with known cryptocurrencies and emerging altcoins with great potential. Among the supported assets are BTC, USDT, ETH, XRP, LTC, BCH, and TRX, as well as DeFi tokens such as LINK, SNX, MKR, and others.

BingX has over 1,000 listed cryptocurrencies and at least 30 different crypto trading pairs where traders can use BTC or USDT as collateral. In addition to cryptocurrencies, the exchange also exposes users to traditional markets like indices and commodities. BingX supports leading cryptocurrencies, including BTC, ETH, XRP, SOL, LTC, and DOGE, among others.

MEXC vs BingX: Regulation & Availability 

BingX operates its services with a strong focus on regulatory compliance, ensuring that the platform’s users adhere to local laws. The platform acknowledges the various approaches to cryptocurrencies by regulatory bodies, which generally classify them as an alternative asset class. Moreover, the exchange cooperates with low-enforcement jurisdictions in which it operates and helps to flag fraudulent activities.

In its terms and conditions, BingX clearly outlines the different risks associated with crypto trading, including the potential for financial losses. The exchange is available in most regions globally. However, some features may be found in some jurisdictions due to diverse regulatory and licensing requirements. The platform also prohibits certain unlawful activities, including fraudulent trading and market manipulation. BingX restricts access to the United States, United Kingdom, Netherlands, Singapore, China, Iran, Iraq, and South Korea, among other countries.

Cryptocurrency exchange MEXC takes regulatory issues seriously in the jurisdictions where it operates. While the exchange operates in many countries, you may not be able to access all products and services in every location. That’s because different countries operate diverse laws regarding cryptocurrencies. Additionally, MEXC states on its website that it reserves the right to impose restrictions as it may deem fit on accessing the platform. The platform also states that it cooperates with regulatory and governmental bodies in the countries where it operates.  MEXC restricts users from Canada, Cuba, Hong Kong, Iran, Mainland China, North Korea, and Russia-controlled areas of Ukraine, Singapore, Sudan, and the United States

MEXC vs BingX: Security

When it comes to security features, BingX and MEXC take matters seriously by employing different measures to protect user assets. Whether it’s cold-storage, multi-layered security, or proof of reserve, here is a comparison of MEXC vs. BingX:

MEXC utilizes two-factor authentication (2FA) and the highest standard encryption to protect data and user funds. The platform also utilizes cold storage to store the majority of its assets, ensuring they are secure from online hacking attempts. To further safeguard user funds amounting to over $500 million in deposits, the exchange supervises transactions in real-time. MECX proudly maintains a solid security record with no past incidents, handling any security threats professionally and thereby maintaining user trust.  

BingX also utilizes two-factor authentication and advanced encryption technologies to protect user funds. Moreover, the exchange implements an internal insurance fund for specific selected cryptocurrencies as an added protection layer. BingX claims on its website that it has never experienced a security breach of any kind. The use of cold storage plays a significant role in ensuring that cybercriminals don’t have access to user data and funds.  

Apart from conducting regular security audits to ensure compliance, both exchanges operate proof-of-reserves. This refers to maintaining 100% reserves to ensure they have sufficient funds for withdrawals. Moreover, MEXC continually monitors user asset risks and offers compensation for any losses resulting from the platform’s negligence. BingX, on the other hand, operates advanced firewalls and a dedicated insurance coverage.  

MEXC vs BingX: Trading Volume and Liquidity

In comparing MEXC vs BingX, you will discover that both platforms present different trade volumes. This has a direct impact on the trading experience, affecting factors such as execution, efficiency, and potential for price slippage.

BingX offers significant liquidity and trading, ensuring that users can execute trades quickly and at predictable prices. The existence of high liquidity has ensured that traders can rely on the platform, knowing the pricing can be stable. The exchange is also capable of handling large-volume trades quickly and efficiently. Trading fees are determined via 30-day trading volume tiers, where Level 1 traders with a volume of under $50,000 pay a fee of 0.10%.

MEXC also boasts a relatively high trade volume and liquidity, which is evidence of a supportive and active user base. The high liquidity levels ensure that users can execute their trades quickly and at the market prices. The platform is known for charging zero spot trading fees. The supported higher maximum leverage of 200 x aptly contributes to the high trading volumes.

BingX vs MEXC: KYC Requirement

MEXC and BingX both have different Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. It’s essential to understand what each platform stands for so you can make an informed decision.

BingX doesn’t enforce a strict KYC standard, meaning you can start trading immediately after registration without undergoing identity verification. Users can withdraw up to $ 50,000 daily without verification. However, you may need to undertake the process to access higher limits and some advanced trading features.   

MEXC, on the other hand, allows an anonymous withdrawal limit of up to 30 Bitcoins per day. However, you must undergo KYC verification to enjoy higher limits and a broader suite of advanced features. You will be required to provide official identification documents, facial recognition scans, or proof of address depending on your location.

BingX vs MEXC: Mobile App  

Both MEXC and BingX offer mobile apps that enable crypto trading on the go, featuring distinct functionalities and varying levels of accessibility.

The BingX mobile app supports both iOS and Android devices, enabling users to trade cryptocurrencies from anywhere. Users can also use it to access various features, including spot, futures, and copy trading. The app features a user-friendly design, making it ideal for both novices and experts, and enables the fast execution of trades. Users can download the app from either Google Play Store or Apple App Store.

MEXC also offers a high-performance mobile app equipped with advanced trading features. The app, available for both Android and iOS devices, can be downloaded from the official MEXC website, as well as from the Apple App Store and Google Play Store. When downloading the app from app stores, ensure you get it from “MEXC Fintech, Inc.” to avoid counterfeits.

BingX vs MEXC: User Experience

Both BingX vs MEXC present very user-friendly interfaces, leading to seamless trading experiences for users. While MEXC primarily appeals to expert traders due to its advanced tools, BingX offers social features that attract new users.  

The MEXC dashboard offers a clean, well-arranged interface that provides customizable features tailored to individual needs. The platform also offers educational resources that are very handy for new users learning aspects of cryptocurrency trading.                 

BingX, on the other hand, features a user interface that significantly simplifies the trading experience, particularly for new users. The dashboard is straightforward, providing access to the most essential trading tools. The design is intuitive, and its integration with the mobile app greatly enhances user experience. Using the copy trading feature enables new users to replicate advanced strategies from successful investors.  

BingX vs MEXC: Customer Support & Service       

According to the BingX website, the platform offers 24/7 customer support and has company representatives available to answer user queries. Users can reach the exchange via email, chat support, and a help center that answers FAQs. User reviews indicate that the platform responds promptly to user queries, offering timely assistance.

MEXC, on the other hand, boasts of a responsive and professional customer care department. The exchange operates a dependable customer support system to address user issues, which is available 24/7. Moreover, the platform has a well-organized FAQ section that addresses many typical trader issues. Users can also reach MEXC through chat support and email.

Both MECX and BingX offer sufficient cryptocurrency educational materials that address common issues affecting crypto traders.

Conclusion: Which is Better? 

In our comparison of BingX vs MEXC, it is clear that both exchanges have unique features targeting different types of traders. MEXC introduces innovative trading features and supports a diverse range of cryptocurrencies. In addition to low trading fees, MEXC also has a well-rounded platform that’s ideal for both experts and beginners.  

BingX offers advanced trading tools, including copy trading and options, that primarily appeal to traders interested in complex strategies. The platform’s easy-to-use interface makes the trading experience seamless in a low-fee environment.  Moreover, users can also benefit from the available educational resources to enhance their experience.

Ultimately, choosing between BingX and MEXC will depend on your specific needs, trading style, and individual preferences. Both MEXC and BingX offer robust security, competitive fees, and a range of strong features. Ensure to interrogate them carefully to choose the one that best suits you.

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