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

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7 hours ago

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MEXC vs Kucoin: As two of the top crypto exchanges, choosing which one to trade on might be difficult. Before making a choice, there are factors to consider as not all crypto exchanges offer the same features. You should check how they compare in features, fees, user experience, customer support, fiat support, and so on. 

In this review, we’ll be comparing MEXC vs Kucoin so you can make an informed decision before committing to either of them. 

Key Takeaways

• MEXC offers lower fees and higher leverage, while KuCoin provides advanced trading features like bots and options trading.
• KuCoin is more beginner-friendly with its intuitive interface and educational resources, but MEXC supports more coins and trading pairs for higher liquidity.
• Both have strong security measures, but KuCoin had a past security breach; MEXC provides more privacy with optional KYC, while KuCoin has clearer licensing in several countries.

MEXC vs Kucoin: Overview

MEXC is the 9th largest crypto exchange according to Coinmarketcap. The exchange has a total trading volume of over $3 billion and serves over 30+ million users in 170+ countries. MEXC is particularly known for its privacy-centric system; allowing users to trade without going through the KYC verification process. 

Just above MEXC on the chart, is Kucoin, ranking 8th with a $1 billion trading volume. It also boasts over 31 million global users spread across different countries.

Both exchanges offer features like spot trading, P2P trading, and so on. Below is an overview of their features.

What is MEXC?

MEXC, formerly known as MXC Exchange, is one of the most popular exchanges in the market. It was launched in 2018 and has since then grown to be a go-to trading platform with a daily trading volume of approximately $1 billion.

MEXC offers features like spot trading, P2P trading, margin, and futures trading with leverage up to 200x. It also allows users to stake coins and earn rewards. MEXC is popular for listing coins from new, smaller projects and for their optional KYC (Know Your Customer).  It offers up of 2700 tokens including popular ones like BTC, ETH, XRP and relatively new ones like BERA. 

On the downside, MEXC does not allow direct fiat withdrawal and deposit. However, you can deposit and withdraw fiat through p2p trading and third-party services like Simplex and Banxa.

To read more about the exchange, visit our MEXC review.

Pros and Cons of MEXC

Who is MEXC suitable for?

MEXC is suitable for both beginners and seasoned traders. The exchange has a simple user interface making it easy for beginners to navigate. It also offers services and tools that seasoned traders find appealing like futures trading, and demo trading which expert traders can use to test out new trading strategies. 

In addition to this, MEXC is suitable for traders who prioritize privacy as the exchange does not have a compulsory KYC requirement. Without going through the KYC verification, you can still trade on the platform and withdraw up to 5 BTC every 24 hours.

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What is Kucoin?

Kucoin was launched in 2017 by two twitch geeks Michael and Eric after seeing how difficult it was to sell cryptocurrencies on Mt. Gox. With its headquarters in Seychelles, Kucoin operates as a Digital Asset Exchange under Seychelles law.

Kucoin provides spot, margin, futures, and P2P trading with up to 100x leverage. It also offers trading bots, including spot and futures grid, smart rebalance, and DCA bots.

Pros and Cons of Kucoin

Who is Kucoin suitable for?

Kucoin is more suitable for expert traders as it offers advanced trading features like trading bots, including spot and futures grid, smart rebalance, and DCA bots. The exchange also provides services like lending, staking, and leveraged tokens. In addition to these, Kucoin is well-known for its trading competitions and unique "Brawl" mode for futures trading. All of these are features that are tailored towards experienced traders. 

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MEXC vs Kucoin: Trading Tools & Features

In this category, picking a winner will depend largely on what your needs are. If you want a high leverage, then MEXC should be your go-to. Also, if you’re just starting out and want to copy trades from more experienced traders, you should go for MEXC as the exchange offers copy trading. 

If however, your focus is on options trading, Kucoin is the exchange for you. Are you an NFT enthusiast? Kucoin’s Wonderland might pique your interest. 

MEXC vs Kucoin: Coins Supported, Liquidity & Volume

In this category, MEXC obviously takes the lead. It has a higher trading volume, more coins listed, and more trading pairs. If you like to explore new coins, MEXC is the exchange for you as they are known for listing coins from relatively new projects. 

Kucoin on the other hand beats MEXC when it comes to direct withdrawal and deposit. MEXC does not support direct fiat transactions, but you can deposit and withdraw through third-party platforms or p2p trading. 

On MEXC, using P2P or third-party services, you can deposit/withdraw the following currencies: USD, EUR, GBP, AUD, CAD, BRL, INR, IDR, JPY, KRW, RUB, TRY, VND

On Kucoin, using P2P or third-party services, you can deposit/withdraw the following currencies: USD, EUR, GBP, AUD, CAD, BRL, INR, ARS, PHP, AED, AZN, CLP, COP, CRC, DOP, GEL, KZT, MDL, NAD, PEN, QAR, UYU, UZS

MEXC vs Kucoin: Fees & Charges

MEXC is obviously the cheaper option when it comes to fees and charges. MEXC charges no deposit and spot trading fee. Its perpetual sand futures trading fees are also substantially less than Kucoin’s. 

MEXC vs Kucoin: Security & Compliance

Both exchanges seem to have top-notch security, apart from Kucoin’s history of a security breach. On September 26, 2020, hackers managed to steal approximately $281 million worth of crypto assets from Kucoin. This attack involved the compromise of private keys linked to the exchange's hot wallets. Despite the scale of the hack, KuCoin managed to compensate users fully, using both recovered funds and insurance.

Another factor to consider is that both exchanges are restricted in some countries.

*MEXC Restricted Countries: United States, Canada, United Kingdom, China, Mainland China, Hong Kong, Singapore, Iran, North Korea, Syria, Cuba, Crimea, Sudan, Yemen, Zimbabwe, Myanmar, Lebanon, Libya, Bolivia, Ecuador, Bangladesh, Somalia, Iraq, Congo Democratic Republic, Central African Republic, Kyrgyzstan, Burundi, Afghanistan, Macedonia, Ethiopia, Guinea-Bissau, Guinea, Liberia, Trinidad and Tobago, Venezuela, Serbia, Italy

*KuCoin Restricted Countries: United States, Canada, Netherlands, United Kingdom, Japan, Uzbekistan, China, India, Indonesia, Hungary, Australia, Zimbabwe, Kenya

MEXC vs Kucoin: User Experience

MEXC’s user interface can get pretty complex and cluttered, which might be a bit much for someone just starting out. It's all about the functionality here, but the design doesn't exactly scream 'modern'. But of course, with time, you’ll get used to the interface.

KuCoin's web interface really hits the sweet spot between being simple enough for beginners yet packed with advanced features for the pros. It has a modern, easy-to-navigate design, especially with tools like TradingView for those who love diving deep into chart analysis. At first, the number of options might overwhelm you if you're new to crypto trading, but with time, it’ll get easier. 

MEXC vs Kucoin: Customer Support

It’s hard to pick a winner here becasue while both exchanges offer 24/7 support via live chat, email, and social media. However, there are numerous user complaints about slow response times, automated responses, and unresolved issues. 

So, even though both exchanges offer support through multiple channels, keep in mind that you might encounter some speed problems when it comes to resolving your issues. 

MEXC vs Kucoin: Referral & Affiliate Programs

While Kucoin offers a 700 USDT welcome bonus, MEXC offers a whooping 1000 USDT signup bonus. KuCoin’s bonus is distributed as a combination of deposit rewards, fee cashback, and trading bonuses. Same as MEXC. 

Conclusion

Both exchanges are really good options, but your choice should depend on what your trading needs are. If you want the option with the cheapest fee, MEXC. If you’re more about functionalities like copy trading and demo trading, you should also go for MEXC. 

However, if you do more Options Trading and Spot ETF trading, Kucoin should be your go-to.

FAQs

Is MEXC a reliable exchange?

Yes, MEXC is a reliable exchange. It has a cold storage and insurance fund in case of any hack - users’ funds are insured.

Are there any exchanges better than Kucoin?

This depends on your needs. If you are into futures trading, you might want to check out the top 20 best crypto futures trading platforms in 2025 for other available exchanges. 

Which is more beginner-friendly, MEXC or Kucoin?

KuCoin is more beginner-friendly overall due to its intuitive interface, comprehensive educational resources, and a design that's more welcoming to those new to trading.

Which exchange has lower fees?

MEXC has lower fees compared to Kucoin. 

Which exchange offers better security?

Both exchanges are pretty secure. They have features like 2-factor authentication, anti-phishing codes, and so on. Also, in case of a breach, you are sure to get your funds back as both exchanges have insurance funds. 

Which exchange has more trading pairs and higher liquidity?

MEXC has more trading pairs and higher liquidity than Kucoin. 

What are the deposit and withdrawal options available on KuCoin vs MEXC?

MEXC: 

• Fiat Currency Deposit Methods: MEXC accepts deposits in many fiat currencies through methods like: Bank transfers, SEPA, Apple Pay, E-Wallet, Google Pay, Credit/Debit Cards via third-party payment providers such as Simplex, Banxa, MoonPay, etc.
• Fiat Currency Withdrawal Methods: Kucoin does not support direct fiat withdrawals to bank accounts. To convert crypto to your desired currency, you would need to transfer your cryptocurrencies to another exchange that supports fiat withdrawals.

KuCoin:

• Fiat Currency Deposit Methods: Bank transfers for EUR via SEPA, BRL via bank transfers, and for KZT, RUB, UAH through Volet.com. Kucoin also allows credit/debit cards for one-click crypto purchases or P2P trading.
• Fiat Currency Withdrawal Methods: SEPA withdrawals for EUR with a minimum withdrawal of 5 EUR and a fee of 1 EUR. You can withdraw to bank accounts that have previously been used for deposits.