7 minute read
MEXC vs BingX Comparison: Which is better?
from MEXC
by Exness_India
When comparing MEXC vs BingX, the better choice ultimately depends on what you need most from a crypto exchange. However, if you prioritize access to a wide range of assets, low trading fees, and deep liquidity, MEXC is generally the better option. On the other hand, if social and copy trading is your priority, BingX shines with its user-friendly design and strong community features. Let’s break down the key differences to help you decide which platform suits you better.
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Trading Experience: MEXC Offers Depth, BingX Offers Simplicity
MEXC is known for its professional trading interface packed with technical indicators, deep charting tools, and high liquidity across both spot and futures markets. It caters well to intermediate and advanced traders who demand precision, speed, and access to hundreds of trading pairs. MEXC has built a reputation for listing emerging altcoins early, making it a favorite for altcoin hunters and those interested in high-risk, high-reward assets.
BingX, by contrast, offers a smoother, more minimal experience. Its UI is modern and beginner-friendly, with intuitive navigation, clean order books, and quick access to core trading features. However, the overall trading depth on BingX is thinner, especially for obscure tokens. Still, if you are new to crypto or want a no-fuss experience, BingX lowers the barrier to entry.
In short, MEXC is built for serious traders who want depth and diversity, while BingX is designed for ease of use and simplicity.
Futures and Leverage: MEXC Takes the Lead
Both platforms offer derivatives trading, but MEXC has the upper hand when it comes to futures.
MEXC allows users to trade USDT-margined and coin-margined perpetual contracts with leverage up to 200x on certain assets. It supports a wide range of trading pairs and boasts low latency, tight spreads, and competitive funding rates. The platform also provides risk management tools like isolated and cross margin, liquidation indicators, and customizable leverage.
BingX also offers perpetual contracts with leverage up to 125x, but with fewer trading pairs and less depth. What makes BingX unique is its copy trading for futures, where users can mirror professional traders automatically. This feature is ideal for passive investors or those who want to learn by observing real trades.
However, for active traders who rely on high-frequency trades, chart analysis, and leverage control, MEXC delivers a more robust and professional futures trading experience.
Copy Trading: BingX Wins This Round
One area where BingX clearly outshines MEXC is copy trading. While MEXC does have a copy trading feature, it lacks the community integration, transparency, and ease of use that BingX offers.
BingX has made copy trading its standout feature. Users can explore profiles of top traders, see their real-time performance, risk levels, drawdowns, and follow them with just a few clicks. This gives beginners a practical way to benefit from expert strategies without having to manually trade or do technical analysis themselves.
MEXC's copy trading interface is functional but relatively basic. It doesn’t provide the same level of trader stats, rankings, or community interaction. So, if you’re looking to get into social and copy trading, BingX is the better platform by far.
Asset Variety: MEXC Dominates the Listings
MEXC has become one of the most aggressive exchanges when it comes to listing new and trending cryptocurrencies. It frequently lists tokens before they appear on bigger platforms like Binance or Coinbase. At any given time, MEXC supports over 1,500 spot trading pairs and hundreds of futures contracts. Whether you're chasing meme coins, AI tokens, or GameFi assets, MEXC has you covered.
BingX, while supportive of major and trending tokens, lags behind MEXC in terms of listing speed and variety. Its asset selection is growing, but if you're the type of trader who wants early access to low-cap gems, MEXC offers a clear advantage.
In terms of diversity and early access to new coins, MEXC wins this category easily.
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Fees and Costs: Both Are Competitive, But MEXC Edges Ahead
Both MEXC and BingX offer competitive trading fees. However, MEXC typically provides lower fees, especially for futures trading.
MEXC offers spot trading fees starting at 0.1%, which can be lowered further through rebates or using MX tokens. For futures trading, the fees can go as low as 0% for makers and 0.03% for takers, depending on volume and promotions.
BingX also offers reasonable fees, especially for copy trading and futures. Spot fees are around 0.1%, and futures fees hover between 0.045% and 0.075%, depending on your trading behavior and VIP level. Still, BingX doesn’t offer as many promotional fee reductions or rebates as MEXC.
So, while both platforms are affordable, MEXC edges ahead when it comes to fee flexibility and promotions.
KYC and Accessibility: MEXC Is More Lenient
When it comes to registration and KYC (Know Your Customer) requirements, MEXC is more lenient. Users can trade spot and futures without mandatory identity verification, although withdrawal limits apply. This is a big draw for traders in regions with stricter crypto regulations or those who value privacy.
BingX, on the other hand, requires KYC for most features, especially for withdrawals, copy trading, and high-volume trading. While this is standard across many centralized exchanges, it makes MEXC a more accessible option for those looking for quick onboarding and minimal friction.
If you value privacy and flexibility, MEXC is a more open platform.
Security and Trustworthiness: Both Are Reliable
Both MEXC and BingX have proven themselves to be secure and reputable platforms. Neither has experienced a major hack or breach in recent years. They implement standard security protocols such as 2FA, cold wallet storage, anti-phishing codes, and withdrawal whitelisting.
MEXC has been in operation since 2018 and has earned credibility for its high-volume trading and deep liquidity. It is also registered in multiple jurisdictions and follows compliance protocols in regions where it operates.
BingX, founded in 2018 as well, is registered in Canada and the EU. Its growing user base and transparent copy trading platform add to its trust score. While both are centralized exchanges, neither currently supports Proof-of-Reserves, which would further increase transparency.
In terms of security and trust, it's a tie between MEXC and BingX.
Customer Support and Community: BingX Is More Engaging
Customer support is a critical factor, especially for new users. BingX offers live chat support, a responsive ticket system, and vibrant community support through Telegram and Discord. It also invests heavily in education and user engagement through contests, trading tournaments, and copy trading events.
MEXC provides decent support via chat and email, but its community engagement is less dynamic. While it has educational content, announcements, and a Telegram presence, its customer response time can be slower during peak periods.
So if you're looking for a platform with more community interaction and educational events, BingX delivers a better experience.
Final Verdict: MEXC vs BingX – Which Is Better?
MEXC is the better choice for experienced traders, altcoin hunters, and those who want deep market access without mandatory KYC. Its wide asset listings, low fees, and powerful futures trading suite make it a versatile tool for crypto professionals and enthusiasts.
BingX is the better platform for beginners, copy traders, and those who value simplicity and community. Its copy trading feature is unmatched, and the clean interface makes it easy to get started, even with no prior trading experience.
If you are a trader who wants freedom, early listings, leverage, and low fees:
✅ Choose MEXC
If you are a user who prefers simplicity, social features, and learning from others:
✅ Choose BingX
Both platforms serve different audiences, and the "better" one depends on your goals. Fortunately, they’re not mutually exclusive—you can always use both for different purposes. Diversification, even across exchanges, is a smart strategy in the evolving world of crypto.
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