7 minute read
MEXC vs CoinEx: A Comprehensive Review
from MEXC Exchange
by XM Blog
When comparing MEXC and CoinEx, the main differences come down to trading volume, available features, user experience, and fees. MEXC is a global exchange known for high liquidity, a wide selection of coins, and active derivatives trading, while CoinEx focuses on accessibility, ease of use, and a straightforward spot and futures market. If your goal is deep liquidity and more trading options, MEXC is generally the stronger choice.
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However, if you want a simpler interface with consistent service, CoinEx might be a better fit. Let’s break down exactly how they compare so you can make an informed decision.
1. Trading Volume and Liquidity
The first factor most traders should consider is liquidity. Liquidity determines how easily you can enter or exit positions without significant slippage.
MEXC has built a reputation for high trading volume across both spot and futures markets. Its derivatives section in particular attracts professional traders due to tight spreads and large order book depth. This makes MEXC attractive for high-frequency traders or those placing large orders.
CoinEx, while respectable in size, does not match MEXC’s liquidity levels. It serves a smaller but loyal user base and generally has slower order book movement. For casual traders, this is not necessarily a dealbreaker, but active day traders may find CoinEx less responsive during volatile market moves.
2. Supported Cryptocurrencies
Both exchanges list a wide range of cryptocurrencies, but MEXC stands out for the sheer number of supported assets. MEXC frequently lists new tokens, sometimes before they appear on bigger exchanges, making it appealing for early adopters who want access to emerging coins.
CoinEx offers a solid selection but is more conservative in listings. Its approach is to ensure that each listed asset has passed an internal screening process. This results in fewer choices but arguably more stability in its listed markets.
If you want maximum variety and early exposure to trending coins, MEXC wins. If you prefer a smaller set of established assets, CoinEx may be the better match.
3. Futures and Derivatives Trading
MEXC is widely known for its futures and derivatives products. It offers perpetual contracts with leverage options up to 200x in some pairs. The platform includes advanced order types, risk management tools, and a professional-grade interface that appeals to experienced traders.
CoinEx also offers futures trading but with a simpler setup and lower maximum leverage. Its futures interface is beginner-friendly but lacks some of the advanced charting and order execution features that MEXC provides.
For advanced derivatives traders, MEXC is clearly ahead. For beginners exploring leveraged trading, CoinEx’s simpler approach may feel less intimidating.
4. Fees and Costs
Trading fees can make a big difference over time. MEXC typically offers competitive fees with maker-taker structures starting from 0.1% for spot trades and 0.02%–0.06% for futures. Fee discounts are available when holding MEXC’s native MX token or reaching higher VIP tiers.
CoinEx’s fees are also competitive, starting at 0.2% for spot trades and 0.03% for futures, with discounts for holding its CET token. While MEXC’s base fees are slightly lower for active traders, CoinEx’s loyalty rewards program can make it cost-effective for long-term users.
Overall, for very active traders, MEXC may save more in fees, especially on derivatives. For occasional traders, the difference may be negligible.
5. User Interface and Experience
The trading experience can be subjective, but certain aspects stand out. MEXC offers a feature-rich interface with advanced charting tools, customizable layouts, and detailed market analytics. While powerful, the sheer number of features can be overwhelming for complete beginners.
CoinEx takes a cleaner and simpler approach. The interface is minimalistic, easy to navigate, and beginner-friendly. However, it may feel too basic for those wanting advanced technical tools.
In short, MEXC caters to experienced traders who want customization, while CoinEx focuses on providing a straightforward, uncluttered experience.
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6. Account Registration and KYC
Both exchanges allow quick account creation, but their KYC (Know Your Customer) processes differ slightly. MEXC has a more flexible approach to KYC, allowing limited withdrawals without full verification in some regions. This appeals to users who value privacy.
CoinEx requires KYC for higher withdrawal limits and certain features but still allows basic trading with minimal verification in many jurisdictions.
If quick, anonymous trading access is important, MEXC is slightly more flexible. For traders who don’t mind verification, both platforms work similarly.
7. Security Measures
Security is non-negotiable in crypto trading. MEXC employs multi-layer security measures, including cold storage for most funds, two-factor authentication (2FA), withdrawal whitelist, and anti-phishing tools.
CoinEx also has a strong security record, using cold storage, 2FA, and multi-signature technology. It has not experienced major publicized hacks, which boosts user trust.
Both platforms take security seriously, but as always, users should enable all available protections and manage their own wallet security.
8. Staking, Earning, and Other Features
MEXC offers various earning options, including staking, savings products, and launchpad events for new token sales. These features allow traders to generate passive income or participate in early investment opportunities.
CoinEx also offers staking and promotions but on a smaller scale. Its staking options are simpler and easier to manage but may offer fewer choices than MEXC’s ecosystem.
For those wanting a wide range of passive income tools, MEXC provides more variety. For users who prefer a simple, low-maintenance approach, CoinEx’s offerings may suffice.
9. Mobile App Performance
In today’s market, mobile trading is crucial. MEXC’s mobile app is feature-rich, mirroring much of the desktop functionality, including futures trading, staking, and advanced order types. However, the abundance of features may make the app feel complex for beginners.
CoinEx’s app is lightweight and optimized for quick, simple trades. It loads fast and is easy to navigate, but lacks some of the advanced tools available on MEXC.
For full control from your phone, MEXC is stronger. For quick trades and basic portfolio management, CoinEx’s app does the job well.
10. Customer Support and Community
Customer support can make or break the user experience. MEXC provides 24/7 live chat support and an extensive help center. It also maintains active communities on Telegram, Twitter, and other social channels, making it easy to get updates.
CoinEx also offers 24/7 support and has a good reputation for clear communication. Its community is smaller but engaged, with an emphasis on transparency.
Both exchanges provide solid support, but MEXC’s larger user base means more community-driven resources and peer assistance.
Which Should You Choose?
If you are an active trader looking for deep liquidity, advanced tools, and a broad selection of cryptocurrencies, MEXC is likely the better choice. It excels in derivatives trading, supports early access to new tokens, and offers competitive fees for high-volume traders.
If you are a casual trader who values simplicity, a straightforward interface, and consistent service without the need for advanced features, CoinEx may suit you better. It’s beginner-friendly, secure, and offers all the essentials without unnecessary complexity.
Final Thoughts
Both MEXC and CoinEx are legitimate, secure, and well-established crypto exchanges. The right choice depends on your trading style and needs. MEXC is a powerhouse for advanced traders seeking variety and depth, while CoinEx caters to those wanting a clean, easy-to-use platform.
Before deciding, consider your trading frequency, preferred assets, and comfort with complex interfaces. Whichever you choose, always enable strong security measures, understand the risks, and never invest more than you can afford to lose.
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