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

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

MEXC vs Bybit: Which is the better choice? Choosing a crypto exchange for trading involves considering a couple of factors. You have to ensure that your chosen exchange can meet your needs and make your trading experience as easy as possible. Factors like onboarding processes, deposit and withdrawal methods, and regulatory compliance should contribute to your choice of exchange. 

In this article, we compare MEXC and Bybit—two major crypto exchanges—to help you make a well-informed decision.

Key Takeaways

• MEXC is a popular crypto exchange that allows the buying and selling of coins. It is famous for its relaxed KYC policy.
• Bybit is the second-largest exchange by trading volume. It is popular for derivatives trading. 
• The better choice depends on your trading needs.

MEXC vs Bybit: Overview

MEXC and Bybit are two of the leading exchanges in the market. So, to choose which is better for your needs, you have to consider specific factors like the types of trading they offer, coins offered, security, and the safety of your funds. 

Bybit has a trading volume of over $8 billion and serves 60 million users in 160 countries. The exchange currently has about 1700 coins listed, including popular and new coins. 

MEXC on the other hand, has a trading volume of over $3 billion and serves 30 million users in 170 countries. It currently has over 3000 coins listed. 

What is MEXC?

MEXC is a cryptocurrency exchange that allows users to trade a wide range of digital assets. It was launched in 2018 and has become one of the leading crypto exchanges in the market. With its headquarters in Seychelles, MEXC serves users in over 170 countries.

The MEXC exchange is especially known for its commitment to privacy, as it offers KYC-free (Know Your Customer) trading. This makes MEXC a great option for traders interested in trading anonymously.

The MEXC exchange offers features and services like spot trading, options trading, futures trading (up to 200x leverage trading), MEXC copy trading, margin trading, demo trading, and staking.

MEXC offers a Unified Trading Account, which allows users to manage and trade assets across different markets like spot, futures contracts, and options from a single account.

The zero fees of MEXC are another major advantage. it has over other exchanges. To find out more about the exchange's features, trading limits, app performance, trading pairs, and security features, refer to our full MEXC review.

Pros and Cons of MEXC

Who is MEXC suitable for?

MEXC is suitable for both beginner and advanced traders. The exchange's simple interface makes it suitable for beginners. At the same time, it has advanced trading tools that appeal to seasoned traders. In addition to this, MEXC offers both popular and new coins, allowing users to pick whichever is suited to their risk and trading experience level. 

In addition to this, MEXC is perfect for users who want to maintain their privacy by avoiding identity verification. The exchange offers different verification levels: unverified, primary KYC, and verified plus. Unverified users have a withdrawal limit of 5 BTC every 24 hours. This allows you to trade anonymously.

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What is Bybit?

Bybit is another popular crypto exchange. Like MEXC, it was launched in 2018 by Ben Zhou and now serves over 194 countries with approximately 60 million users worldwide. According to Coinmarketcap, Bybit is currently the second largest crypto exchange by trading volume. 

Bybit offers a diverse array of features and services, including Spot trading, OTC trading, Derivatives (USDT perpetuals, USDC perps, inverse perps, USDC options, and leveraged tokens), futures contracts, margin trading, leveraged trading options, an NFT marketplace, Bybit Earn, liquidity mining, and Options trading.

Bybit is known for its simple user interface but offers an extensive library of advanced trading tools. Bybit offers various trading bots (Futures grid bot, Futures martingale bot, Spot grid bot, DCA bot), copy trading, and MT5 integration. For more detailed analysis of Bybit's features, read our full Bybit review.

Pros and Cons of Bybit

Who is Bybit suitable for?

Bybit works for beginners and experienced traders. For traders, Bybit offers spot and futures copy trading and demo trading. Copy trading allows you to copy experienced traders, while demo trading allows you to practice your trading strategies without using actual money. For expert traders, there are advanced tools to take advantage of swift price movement.

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When comparing Bybit vs MEXC, you'll find they both offer good trading options. But it is worthy of note that Bybit is the better option if you want more advanced trading features. MEXC focuses more on spot trading and less on advanced derivatives trading. This also makes MEXC the better option for beginners who mainly want to convert one coin to another. 

In addition to the features and services listed in the table, Bybit also offers:

• Bybit Card: Bybit provides a free virtual and physical card that can be delivered to your doorstep for free through DHL. Your Bybit card is compatible with Apple Pay, Samsung Pay, and Google Pay, with lower deposit and withdrawal fees than other cards.
• TradeGPT: Trade smarter by using Bybit's AI powered tool. This feature provides users with advanced market insights, sentiment analysis, risk management, predictions, and trading strategy recommendation.
• Islamic account: In the spirit of inclusion, Bybit offers a Shariah compliant account with no interest for muslims.

MEXC vs Bybit: Coins Supported, Liquidity & Volume

It is important to consider the number of coins listed on each exchange. As this gives you an idea of whether they list a lot of new and upcoming project coins or not. 

Both cryptocurrency exchanges offer popular coins like BTC, ETH, SOL, and so on. In terms of listing newer coins, MEXC vs Bybit are quite similar; but MEXC lists more new coins. If you are more focused on trading established coins like BTC, Bybit is the perfect choice. However, if you want newer coins, you might want to go with MEXC. 

In terms of liquidity, Bybit and MEXC are almost on the same level. Considering currencies fiat support, Bybit is the clear winner as it supports more currencies than MEXC. 

MEXC vs Bybit: Fees & Charges

Trading fees, deposit and withdrawal fees are some of the costs you'll incur by using a crypto exchange. Cryptocurrency trading costs might look small, but they can rack up pretty quickly. So, in actual reality, you want to go for the exchange with the cheapest trading fee. So, how are the fees on MEXC and Bybit?

Both cryptocurrency exchanges charge zero fees for crypto deposits. Withdrawal fees depend on the crypto and network you choose.

However, Bybit charges spot trading fees. Bybit offers lower fees than the industry average for futures trading, but they are more expensive than MEXC's. Considering it offers lower fees, MEXC is the clear choice for high volume traders and those who want to minimize the amount spent on crypto trading fees. 

MEXC vs Bybit: Security & Compliance

From history, we've seen exchanges fold up due to lawsuits and regulatory compliance issues. And most times, it is the users who suffer loss of funds. So, it is important to consider compliance as well as the security of your assets. 

MEXC and Bybit both have robust security measures. They offer anti-phishing, two-factor authentication, security funds, cold storage (offline storage that is immune to hacks) for users' funds, ensuring that no matter what happens to the exchange, you can recover your funds.

MEXC and Bybit have also been sued in countries like the US, UK, and Singapore. Bybit for example, has been under investigation by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) for its trading activities in the country. 

The supported countries between Bybit vs MEXC are quite similar. However, it is important to know that both exchanges also operate in a lot of countries even though they are not outrightly licensed, opening them up to regulatory issues.

While it doesn't seem like one is worse than the other in terms of security and regulatory compliance, in terms of KYC verification, MEXC is preferable. MEXC offers KYC-free crypto trading, while Bybit exchange requires all users to complete KYC verification before trading. For crypto traders who are particular about privacy, MEXC is the best choice. 

MEXC vs Bybit: User Experience

MEXC and Bybit offer web apps and mobile apps (Android and iOS) for on-the-go trading. The interfaces might take some getting used to, but they are both intuitive and easy to navigate. 

Bybit's spot trading interface on the web app features a trading chart, order book, and buy/sell order fields. 

MEXC's spot trading interface shows a trading chart, order book, buy/sell order fields, and token pairs. When comparing the user experience of MEXC vs. Bybit, the latter comes out better. Even though Bybit's web interface is less cluttered and easier to navigate, MEXC's mobile app is more beginner-friendly because Bybit is more tailored to advanced traders and offers advanced tools that might be a bit overwhelming for beginners. However, once you get the hang of it, both apps are user-friendly. 

MEXC vs Bybit: Customer Support

Customer support is vital in navigating any platform, and it is even more important when your money is involved. Here's a comparison of the customer service you'll get from MEXC vs Bybit.

MEXC vs Bybit customer services are quite similar, both having generally positive feedback from users. They also have a common user complaint of slow response time during high-traffic hours. 

MEXC vs Bybit: Referral & Affiliate Programs

Apart from making profits from your trades, referral and affiliate programs are also ways of making some extra cash. Both MEXC and Bybit have referral and affiliate programs. 

While MEXC offers rewards only on a commission basis, Bybit offers commission and token rewards. However, MEXC offers a higher commission rate. So, you choose which is more important to you. 

Conclusion

Again, the choice of exchange depends on your needs. Bybit has better referral rewards, a less cluttered web interface, deep liquidity and high trading volume, support for fiat currencies, as well as advanced tools and features.

On the other hand, MEXC offers lower trading fees, lower withdrawal fees, more digital assets and trading fees, lower fees, and KYC-free trading.

From our Bybit vs MEXC review, you'll see that they both have their strengths and weaknesses. However, overall, users seem to be more satisfied with Bybit. However, you should choose what works for you.

Is MEXC a reliable exchange?

Yes, MEXC is a reliable exchange. Your assets are insured and the security is tight. 

Are there any exchanges better than Bybit?

Each exchange has its strengths and weaknesses, so “Better” is relative and it depends on what you need. But there are exchanges with higher liquidity, trading pairs, lower fees, coins listed, and trading volume.

Which is more beginner-friendly, MEXC or Bybit?

Bybit's user interface is less clustered, and easier to understand for beginners. So, Bybit is more beginner-friendly. 

Does MEXC or Bybit have better mobile apps?

Generally, both exchanges have well-rated mobile apps. However, Bybit is considered to be more feature-rich, making it ideal for advanced traders, while MEXC is simpler and easier to use for beginners. 

Which exchange has lower fees?

MEXC has lower fees. It charges a 0.020% Taker fee for futures trading and zero fees for spot trading, deposits, and withdrawals. 

Which exchange offers better security?

Bybit vs MEXC shows similar security measures including 2 Factor Authentication, Anti-Phishing codes, and withdrawal passwords. This leaves it up to the users to make sure that their information is not compromised. 

Which exchange has more trading pairs and higher liquidity?

MEXC has more trading pairs, but Bybit has higher liquidity. 

What are the deposit and withdrawal options on MEXC and Bybit?

Both exchanges offer local payment methods via P2P, bank transfers, and third-party payment portals. MEXC supports crypto deposits and withdrawals but does not support direct fiat withdrawals. To withdraw fiat currencies on MEXC, you have to use third-party services. 

Bybit, on the other hand, supports fiat currencies and crypto withdrawals and deposits.