7 minute read
MEXC vs BingX: A Comprehensive Review
from MEXC Exchange
by XM Blog
When comparing MEXC vs BingX, the key differences come down to trading fees, available markets, features, and ease of use. If you want deep liquidity, a massive range of coins, and low fees, MEXC often comes out ahead. However, if you prioritize a more beginner-friendly interface, built-in social trading, and a simple futures setup, BingX might be the better choice. Let’s break down the details so you can decide quickly without digging through endless reviews.
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MEXC Overview
MEXC is a global cryptocurrency exchange founded in 2018. It has grown rapidly thanks to offering over 1,700 cryptocurrencies, low spot trading fees (0.1%), and futures trading with up to 200x leverage. MEXC appeals to both beginners and professional traders by combining a user-friendly interface with advanced tools like API trading, TradingView integration, and deep liquidity for high-volume orders.
One of MEXC’s strongest points is its altcoin variety—it lists many tokens long before they appear on larger platforms like Binance or Coinbase. This early access attracts traders looking for high-growth opportunities. MEXC also supports multiple deposit methods, including bank transfer, credit/debit cards, P2P trading, and crypto deposits.
BingX Overview
BingX, established in 2018, is another fast-growing global crypto exchange. It stands out for social trading features, where beginners can copy the trades of experienced traders automatically. BingX offers a good balance between spot trading, futures markets, and fiat gateway options. While it lists fewer coins than MEXC (around 600+), it compensates with simplicity and a strong focus on trading experience.
BingX also offers competitive fees—spot trading starts at 0.1% and futures trading is even lower when using its tiered fee structure. The exchange is especially popular in regions like Southeast Asia and Europe, where it invests heavily in community engagement and local-language support.
Trading Fees: Which Is Cheaper?
In terms of raw trading fees, MEXC and BingX are close, but MEXC edges ahead for frequent traders. MEXC’s spot fees start at 0.1% and can drop with VIP tiers or using their MX token. Futures fees are extremely competitive—maker fees can be as low as 0% in some cases.
BingX also starts at 0.1% for spot, but futures maker/taker fees are generally slightly higher than MEXC’s unless you trade in very large volumes. For traders who care about every fraction of a percent, MEXC’s fee discounts and zero-maker promotions give it the advantage.
Market Selection
If your strategy involves exploring a wide variety of coins, MEXC wins by a huge margin. It has one of the largest selections in the industry, with many niche DeFi, GameFi, and meme coins. This makes it ideal for traders who want early exposure to new projects.
BingX offers fewer tokens, focusing on established cryptocurrencies and popular trading pairs. This is better for those who prefer sticking to the top 100 coins by market cap and don’t want to sift through countless low-cap tokens.
Futures and Leverage Trading
Both platforms offer futures trading, but there are key differences. MEXC allows up to 200x leverage on certain pairs, though such high leverage carries significant risk. The platform provides USDT-M and Coin-M contracts, flexible margin modes, and advanced order types.
BingX caps leverage lower (usually up to 125x), making it slightly more conservative. Its futures interface is beginner-friendly and integrates well with the copy trading feature, so even newcomers can follow experienced futures traders.
If you’re an advanced trader looking for maximum flexibility and more contract choices, MEXC is better. If you’re new to futures and want a safer, guided entry point, BingX is more approachable.
Copy Trading and Social Features
This is where BingX has a major advantage. While MEXC has introduced some copy trading functions, BingX’s social trading ecosystem is far more developed. Users can browse top traders, view their performance history, and automatically mirror their trades. This helps beginners learn while potentially profiting alongside experts.
For experienced traders, BingX offers incentives to become a “lead trader,” earning a commission from followers’ profits. MEXC’s version of this is newer and less extensive.
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Liquidity and Speed
Liquidity matters because it determines how quickly you can enter or exit trades without price slippage. MEXC generally has higher liquidity, especially for altcoin pairs, because of its huge market selection and active user base. Orders execute fast with minimal slippage, even in volatile markets.
BingX’s liquidity is strong for major pairs like BTC/USDT and ETH/USDT but can be thinner for smaller altcoins. If you trade primarily in large-cap assets, this won’t be an issue. However, for niche tokens, MEXC’s depth is better.
Security and Regulation
Both MEXC and BingX have solid security records, employing measures like cold storage, multi-signature wallets, two-factor authentication (2FA), and anti-phishing tools. Neither exchange has suffered a major security breach to date.
Regulatory compliance is more complex. MEXC operates globally but does not hold licenses in all jurisdictions—it relies on regional compliance strategies. BingX similarly serves multiple regions under different legal entities, often targeting markets where regulation is favorable. In both cases, users should check if their country allows access to these platforms.
User Experience and Interface
MEXC’s interface is clean but feature-rich, which can be overwhelming for absolute beginners. It’s excellent for traders who want detailed charting tools, technical indicators, and customization.
BingX takes a more minimalist approach. It’s designed for fast learning curves, making it a good choice for new users or those who want to trade without feeling overloaded with options.
Deposit and Withdrawal Options
MEXC supports multiple deposit methods: crypto transfers, P2P trading, and card payments via third-party processors. Withdrawals are processed quickly, though fiat withdrawals depend on third-party providers.
BingX offers similar methods but places more emphasis on direct fiat deposits in supported regions. If you’re in a country with local payment integrations, BingX may make it easier to move funds in and out.
Staking and Passive Income
MEXC offers staking, savings products, and launchpad participation for passive income. You can lock tokens for fixed terms or use flexible staking to earn yields without long commitments. The launchpad feature gives early access to new token sales.
BingX also has staking and yield products but on a smaller scale. The offerings are more streamlined, with fewer token options but a simpler interface.
Mobile App Performance
Both exchanges have mobile apps for iOS and Android. MEXC’s app mirrors the web platform, offering advanced features but requiring more familiarity. BingX’s app is lighter, with a strong focus on ease of use for spot, futures, and copy trading.
Which Should You Choose?
Choose MEXC if you want the widest selection of coins, ultra-low fees, high leverage, and deep liquidity. It’s the better fit for experienced traders and those chasing early altcoin opportunities.
Choose BingX if you value simplicity, strong copy trading features, and a smoother learning curve. It’s better for beginners and those who prefer a guided trading experience.
Final Verdict
MEXC and BingX are both strong global exchanges, but they serve slightly different audiences. MEXC is ideal for aggressive, variety-seeking traders who want every tool at their disposal. BingX shines for newcomers who want to trade confidently without getting lost in complexity.
If you’re a beginner, BingX offers the comfort of social trading and a simpler interface. If you’re a seasoned trader, MEXC gives you more markets, more leverage, and potentially lower fees. In the end, the best choice depends on your goals, risk tolerance, and trading style.
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