7 minute read
MEXC vs CoinEx Comparison: Which is better?
from MEXC
by Exness_India
When it comes to choosing a cryptocurrency exchange, traders often weigh the pros and cons of multiple platforms before committing their funds. Two popular names that often come up in conversations are MEXC and CoinEx. Both platforms offer a wide variety of trading pairs, competitive fees, and useful tools for different types of traders. However, the key question is: Which one is better for you?
The short answer: MEXC is generally the better choice for most traders due to its larger trading volume, wider range of assets, lower fees, and more advanced trading features. CoinEx, however, still holds appeal for those who prioritize simplicity, transparent fee structures, and a user-friendly interface. Let’s dive deeper into this comparison to see why MEXC often takes the lead, but also when CoinEx might be the right pick.
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1. Trading Volume and Liquidity
Liquidity plays a critical role in trading. Higher liquidity means orders get filled faster and closer to the intended price, reducing slippage.
MEXC consistently ranks among the top exchanges globally in terms of trading volume, especially in the altcoin market. It offers thousands of trading pairs and has deep order books for both spot and futures markets. This makes it highly attractive for traders who deal in both popular cryptocurrencies and lesser-known altcoins.
CoinEx, on the other hand, has a respectable trading volume but is significantly smaller compared to MEXC. While it handles popular assets well, liquidity for niche or low-cap coins is lower, which may result in higher slippage for large trades.
Verdict: MEXC wins in terms of liquidity and market depth, especially for active traders and scalpers.
2. Asset Variety and Listing Speed
One of MEXC’s biggest strengths is the speed at which it lists new tokens. The exchange is known for adding new crypto projects quickly, often before larger competitors. This gives traders early access to potentially high-growth assets. As of now, MEXC offers over 1,600 cryptocurrencies, covering major coins, DeFi tokens, meme coins, and GameFi projects.
CoinEx offers a more curated list of coins, with around 700+ assets available. While it covers most major cryptocurrencies, it’s slower to list brand-new projects compared to MEXC. This can be a plus for conservative traders who prefer more established coins, but it limits opportunities for early investment in new tokens.
Verdict: MEXC is superior for altcoin hunters and those seeking early access to new listings.
3. Trading Fees and Costs
Fees are an important factor for any trader.
MEXC uses a competitive fee structure:
Spot trading: 0.1% maker/taker, with further reductions if you use the MEXC token (MX) or reach higher VIP levels.
Futures trading: as low as 0% maker and 0.02% taker for high-volume traders.
CoinEx charges a standard 0.2% maker/taker fee for spot trading, which can be reduced if you hold and use its native token CET for fees. While this is still reasonable, it’s higher than MEXC’s base rate, especially for active traders.
For high-frequency or large-volume traders, these differences in fees add up quickly. MEXC’s promotions often include zero-fee spot trading campaigns, which make it even more attractive.
Verdict: MEXC offers lower costs for both casual and professional traders.
4. Futures and Derivatives Trading
MEXC provides a full range of derivatives, including USDT-M futures, coin-margined futures, and perpetual swaps. Leverage goes up to 200x for some contracts (though risky), and the platform supports advanced order types, take-profit/stop-loss tools, and detailed market analytics.
CoinEx also offers perpetual contracts but has a more limited selection compared to MEXC. Leverage options are available, but the variety of trading pairs is smaller. The interface is beginner-friendly, but experienced futures traders might find it lacking in depth and flexibility.
Verdict: MEXC dominates in derivatives trading with more options and features.
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5. User Experience and Interface
CoinEx stands out for its clean and simple interface. It’s easy for beginners to navigate, place trades, and manage their accounts. The layout is uncluttered, making it suitable for those who prefer a straightforward experience without too many advanced tools on display.
MEXC, on the other hand, has a feature-rich interface that offers advanced charting via TradingView, in-depth order book data, and customizable layouts. While this is great for experienced traders, complete beginners might find it slightly overwhelming at first. However, MEXC also offers a simplified mode for spot trading to ease the learning curve.
Verdict: CoinEx is better for absolute beginners, but MEXC provides more tools for experienced traders.
6. Security and Regulation
Both MEXC and CoinEx prioritize security, using measures such as:
Two-factor authentication (2FA)
Cold wallet storage for most funds
Regular security audits
Neither platform has experienced major security breaches, which is reassuring. However, neither is heavily regulated in major jurisdictions like the US or EU. This means while they are safe for most users, they may not provide the same level of legal protection as fully regulated exchanges.
Verdict: Tie in terms of security, though traders should always use personal safety practices like 2FA and withdrawal whitelists.
7. Staking, Earn, and Passive Income
MEXC offers a wide range of staking and earning products. This includes flexible and fixed savings, launchpool events, and DeFi staking opportunities. Many of these products have competitive APYs and give users additional benefits like early token access.
CoinEx also has an earn feature, but the range is more limited compared to MEXC. While it offers staking for certain coins and liquidity mining, the variety and APYs are generally less attractive than MEXC’s.
Verdict: MEXC wins for passive income options and DeFi integration.
8. Mobile Trading
Both MEXC and CoinEx offer fully functional mobile apps for iOS and Android.
MEXC’s mobile app includes nearly all desktop features, from spot and futures trading to staking and token launches. It’s powerful but slightly heavier in design.
CoinEx’s app is lighter and simpler, which some users may prefer for quick trades and balance checks.
Verdict: MEXC’s app is more feature-rich, while CoinEx’s is better for those who want speed and simplicity.
9. Customer Support
MEXC provides 24/7 customer service through live chat and email. Response times are usually quick, but like most exchanges, the quality can vary depending on the complexity of the query.
CoinEx also offers 24/7 support via live chat and email. It’s known for having a helpful help center and FAQ section, making it easier for beginners to find answers without contacting support directly.
Verdict: Slight edge to CoinEx for beginner-friendly help resources, though both are reliable.
10. KYC and Accessibility
MEXC allows trading without mandatory KYC (Know Your Customer) for certain limits, making it attractive to privacy-focused users. Higher withdrawal limits and some features do require verification.
CoinEx also does not require KYC for basic trading and withdrawals, but limits apply. For advanced features or higher limits, users must complete verification.
Both platforms are accessible in most countries, though users in heavily regulated regions should check local laws before using them.
Verdict: Tie, with both offering flexible KYC policies.
Final Verdict: Which is Better?
While both exchanges have strengths, MEXC generally comes out on top for most traders. Here’s why:
Higher trading volume and liquidity for faster, cheaper trades
Larger selection of cryptocurrencies, including early listings
Lower fees, especially with token discounts and promotions
More advanced futures and derivatives trading features
Wider range of passive income products
CoinEx, however, remains a strong option for:
Beginners who value a clean, simple interface
Traders who want a transparent, straightforward fee structure
Those who prefer a more curated list of coins to avoid low-quality projects
If you are an active trader, altcoin enthusiast, or someone who wants access to deep liquidity and advanced tools, MEXC is the better choice. But if you’re a casual trader who wants an easy-to-use exchange without too many extras, CoinEx can serve you well.
In the fast-paced world of cryptocurrency, having the right exchange can make a huge difference in your results. Whether you choose MEXC or CoinEx, always remember to trade responsibly, secure your accounts, and keep learning to adapt to market changes.
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