MEXC vs Binance 2025: Which Is the Better Crypto Exchange?

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19 hours ago

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The best exchange discussion usually includes MEXC vs Binance comparisons. Binance is the most popular crypto exchange around, popular for its full suite, the highest liquidity, and the highest trading volume. 

MEXC, on the other hand, has a reputation for being very beginner-friendly and offers very high leverage futures trading.  

In this article, we will be looking at the top features of MEXC and Binance to help you pick the best exchange for your trading needs in 2025.

Key Takeaway:

• MEXC Global is a secure and efficient cryptocurrency trading platform where users can trade a large number of cryptocurrencies at a low cost.
• Binance is the leading global exchange platform drawing in investors and traders with low fees, a wide array of trading pairs, and many other features.
• The best crypto exchange depends on the features you need from the exchange. 

MEXC vs Binance: Overview

Choosing between Binance vs MEXC is difficult for many traders. They are two top cryptocurrency exchanges with very similar features. Both have a ton of trading pairs to choose from at very competitive fees. 

MEXC has more listings than Binance at over 3,000 and is more user-friendly. MEXC has lower spot trading fees for smaller trades. MEXC has a developing ecosystem but with fewer features than Binance.

Binance is the number one global exchange platform with the highest level of liquidity and trading volumes. Binance has 1,300+ trading pairs, as well as comprehensive features offering spot, margin, and future trading, staking, and launchpad opportunities. 

While MEXC has 30 million users as of the end of 2024, Binance surpassed the 250 million user mark.

What is MEXC?

The MEXC Global Exchange was launched in 2018, with a focus on becoming one of the world’s largest digital asset trading platforms. MEXC has listed 3000+ trading pairs. On MEXC you can trade spot, margin, or future trade with a maximum leverage of 200x. 

It has zero KYC policy and can withdraw up to 30 BTC per day without KYC. Upon launch, MEXC grew explosively and has achieved compliance certificates in several jurisdictions around the world, including Australia, Switzerland, Canada, and Estonia.

For more details about trading functions, history, creators, trading costs, mobile app performance, and supported digital currencies, you can refer to our MEXC review.

Pros and Cons of MEXC

Who is MEXC suited for?

New traders who want a beginner-friendly platform with a simple interface, and experienced traders looking to explore new or smaller-cap altcoins, should be using MEXC.

What is Binance?

The first name that comes when a crypto exchange is mentioned is Binance. Binance is the world’s largest crypto trading platform by trading volume, and for good reason. 

Binance has 1,300+ trading pairs and plenty of trading options. Binance has a presence in many countries in the world but has faced several regulatory issues. 

Pros and Cons of Binance

Who is Binance suitable for?

If you’re seeking a full crypto service suite and want lots of different trading options, Binance is the one for you.

MEXC vs Binance: Trading Tools & Features

Before choosing the exchange, it is an important thing to consider trading options and tools. Here’s a breakdown of the trading tools and features to expect from both exchanges:

In terms of trading tools and features, MEXC-vs-Binance is an almost even affair. However, while MEXC lacks options trading present in Binance, it makes up for this option with spot ETFs.

MEXC vs Binance: Coins Supported, Liquidity & Volume

The number of supported coins and the liquidity & volume of exchanges have a huge role to play in the great trading experience. MEXC and Binance check all three boxes but let’s see how they compare against each other.

MEXC is the best choice for traders looking to find and trade new or smaller-cap altcoins before they are listed on other popular exchanges. MEXC Global offers more listed coins and trading pairs. However, the liquidity and trading volume of Binance remains unmatched.

MEXC vs Binance: Fees & Charges

Fees and other charges are stated by many exchanges and if you know these you can choose more cost-effectively and perhaps make more money on your trade. Now let's compare Binance vs MEXC fees.

The MEXC fees vs Binance are cheaper, especially for spot trading. MEXC also holds the advantage in withdrawal fees and discounts when holding their respective native tokens.  

MEXC vs Binance: Security & Compliance

As top exchanges, MEXC and Binance offer robust, top-tier security features. 

The security features of MEXC Global and Binance are comparable. However, MEXC wins this category because it has faced less regulatory scrutiny and suffered no major hacks.

MEXC vs Binance: User Experience

For the best user experience, exchanges like Binance and MEXC have taken different approaches.

While Binance has two user interfaces, MEXC still takes this category because it uses a clean, minimalist design. 

MEXC Global Trading Interface

Binance Trading Interface

MEXC vs Binance: Customer Support

Customer support is always a main aspect of any exchange given how quickly things change in the world of cryptocurrencies. Here's a comparison of MEXC and Binance customer support:

Although Binance seems to have more resources and ways of getting help, the comments of users point to faster help and a more direct help when dealing with the MEXC support team.

MEXC vs Binance: Referral & Affiliate Programs

Affiliate and referral programs are an excellent way to make the most of trading platform.

MEXC has more referral programs with much higher rewards: MEXC referral code 15Beq gives new MEXC users up to $1,000 in USDT sign-up bonus and 50% trading rebates. Meanwhile, Binance referral code O0BTS35V gives only a $100 (USDT) sign-up bonus and up to 10% trading rebates.

Conclusion

MEXC and Binance are top exchange platforms and are similar in many ways. In many areas of the MEXC Global vs Binance comparison, MEXC has the advantage. It has an easier layout, greater number of trading pairs, lower fees, and faces fewer regulatory issues than Binance.

FAQs

Is MEXC a reliable exchange?

MEXC is a reliable cryptocurrency exchange with a very high security and customer rating. 

Are there any exchanges better than Binance?

The choice of 'better' exchange is often related to the needs of the user. Because of its low fees, a wide array of features, several trading options, and top-class tools, Binance remains the top exchange.

Which is more beginner-friendly, MEXC or Binance?

The interface of MEXC is simpler and more intuitive than Binance. MEXC is also much easier to register, has a more spot trading focus, and generally is friendlier for beginners than Binance.

Which exchange has lower fees?

The Binance vs MEXC fees are very similar. However, MEXC charges lower fees, especially for spot and futures trading.

Which exchange offers better security?

The security of MEXC and Binance have a lot of industry-leading features to protect your funds and data. But Binance has more security features in place than MEXC. 

Which exchange has more trading pairs and higher liquidity?

MEXC has more trading pairs than Binance; 3,097 vs 1,300+. However, Binance has higher liquidity.