Binance vs MEXC — fees & conditions
Binance vs MEXC: fees, withdrawal costs, products, licenses, security record and support side by side — every value linked to its official source.
Data reviewed byJason Lee About us → MEXC leads 1 of 4 groups
This is a mechanical count of per-row results with no weights and no composite score. Which exchange suits you depends on which rows matter to you.
Binance vs MEXC in brief
- Spot trading: Binance charges 0.1% maker and 0.1% taker, MEXC charges 0% maker and 0.05% taker — a $1,000 taker order costs $1.00 on Binance and $0.50 on MEXC.
- Futures: Binance charges 0.02% maker and 0.05% taker, MEXC charges 0% maker and 0.02% taker — $0.50 vs $0.20 for a $1,000 taker order.
- Maximum futures leverage: 125× on Binance, 500× on MEXC.
- Listed coins: 492 on Binance, 3,000 on MEXC (each exchange’s own count).
- Binance requires identity verification (KYC) to trade; MEXC does not require it to place orders.
- Counting row by row: MEXC leads on fees (7 of 9 compared rows), products & features is even, trust & regulation is even, and access & support has too little confirmed data to call.
- 3 of 21 scored rows are left uncompared because a value is not yet confirmed from an official source.
Every sentence is generated from the values in the table below — nothing is added that the data does not show.
| Item | Binance | MEXC |
|---|---|---|
| Fees | ||
| Spot maker | 0.100% ↗ | 0.000%✓ ↗ |
| Spot taker | 0.100% ↗ | 0.050%✓ ↗ |
| Futures maker | 0.020% ↗ | 0.000%✓ ↗ |
| Futures taker | 0.050% ↗ | 0.020%✓ ↗ |
| Cost of a $1,000 spot taker trade | $1.00 ↗ | $0.50✓ ↗ |
| Cost of a $1,000 futures taker trade | $0.50 ↗ | $0.20✓ ↗ |
| Fee discount with platform token | 25%✓ ↗ BNB | 20% ↗ MX |
| BTC withdrawal fee | 0.00002 BTC ↗ | 0.00002 BTC ↗ |
| USDT withdrawal fee | 1.5 USDT ↗ | 0.5 USDT✓ ↗ |
| Products & features | ||
| Listed coins | 492 ↗ | 3,000✓ ↗ |
| Max futures leverage | 125× ↗ | 500× ↗ |
| Copy trading | Yes ↗ | Yes ↗ |
| Earn / staking | Yes ↗ | Yes ↗ |
| Fiat deposit methods | Card · Bank transfer · P2P · Third-party✓ ↗ | Card · Bank transfer · P2P ↗ |
| API trading | Yes ↗ | Yes ↗ |
| Mobile app | Yes ↗ | Yes ↗ |
| Trust & regulation | ||
| Licenses & registrations | 6 Abu Dhabi (ADGM), UAE, Dubai, UAE, France, Italy, Lithuania, Bahrain | Not confirmed |
| Recorded security incidents | 1 ↗ 2019 | Not confirmed |
| Proof of reserves | Yes ↗ | Yes ↗ |
| User protection fund | Yes ↗ | Yes ↗ |
| KYC required | Yes ↗ | No ↗ |
| Founded | 2017 ↗ | 2018 ↗ |
| Headquarters | Not disclosed | Not disclosed |
| Access & support | ||
| Interface languages | Not confirmed | 20 ↗ en, ja, vi, ru, uk, id, zh-CN, zh-TW … |
| Live chat support | Yes ↗ | Yes ↗ |
| Users (exchange’s own claim) | 320M ↗ | 40M ↗ |
Green marks the better value in each row: lower fee, more coins, feature present. Rows without a mark are informational only. Unconfirmed values are never compared.
How these numbers were read
Binance — Regular User tier (below VIP 1). No BNB discount applied. Spot: official trading fee page; futures: USDⓈ-M futures fee page. Withdrawal fees (2026-09-15, public capital config endpoint): BTC 0.00002 BTC on the Bitcoin network (Lightning 0.000001, BSC 0.00000029); USDT 1.5 USDT on TRC20 (cheapest: BSC 0.01). listed_coins = 492 distinct base assets with TRADING status on spot (api/v3/exchangeInfo, 2026-09-15); homepage markets "over 600 cryptocurrencies". Max leverage 125x on USDT-M perpetuals (BTCUSDT), tier-dependent; new accounts capped at 20x for 30 days. active_users_claimed updated to homepage "over 320 million registered users" (previous 250M was Jan 2025 figure). [Withdrawal fees checked 2026-10-28 via public API: BTC 0.00002 BTC on BTC (cheapest: BSC 2.8e-7); USDT 1.5 USDT on TRX (cheapest: BSC 0.01). The exchange adjusts them with network conditions.]
MEXC — Base rates from the official MEXC fee guide (published 2026-07-27): spot 0%/0.05%, futures 0%/0.02% (maker/taker). MEXC explicitly states fees vary by country, region and trading pair, and runs frequent per-pair promotions — the live fee page renders different values per load. No MX-token discount applied. native_token_fee_discount_pct = 20% standard MX deduction (50% when holding >500 MX, not applied here). futures_max_leverage = 500x on BTCUSDT/ETHUSDT (announced 2025-04-23). listed_coins from official press boilerplate 'over 3,000 digital assets'. Withdrawal fees are dynamic (network-condition based); the value recorded is the figure shown on the official fee page at check time. Re-verified 2026-10-19 by weekly review in-browser: official fee guide (updated 2026-10-18) "Spot maker orders cost 0% on every MEXC pair, while the standard taker fee is 0.05%" and "BTCUSDT perpetual futures cost 0% maker and 0.02% taker". Unchanged. [Withdrawal fees checked 2026-10-28 via public API: BTC 0.00002 BTC on Bitcoin(BTC) (cheapest: BNB Smart Chain(BEP20) 2.5e-7); USDT 0.5 USDT on Tron(TRC20) (cheapest: PLASMA 0). The exchange adjusts them with network conditions.]
More from Reviewer’s Insight
Binance vs MEXC in brief
Which is cheaper for spot trading, Binance or MEXC?
MEXC has the lower spot taker fee (0.05% vs 0.1% on Binance). Maker fees are 0% on MEXC and 0.1% on Binance.
Which has lower futures fees, Binance or MEXC?
MEXC has the lower futures taker fee (0.02% vs 0.05% on Binance). Maker fees are 0% on MEXC and 0.02% on Binance.
Do Binance and MEXC require KYC?
Binance requires identity verification (KYC) to trade; MEXC does not require it to place orders.
Which lists more coins, Binance or MEXC?
MEXC lists more: 3,000 coins vs 492 on Binance (each exchange’s own count).
Which has lower withdrawal fees, Binance or MEXC?
BTC withdrawal: 0.00002 BTC on Binance vs 0.00002 BTC on MEXC. USDT withdrawal: 1.5 USDT on Binance vs 0.5 USDT on MEXC.
Every answer is generated from the values above and their official sources — nothing is added that the data does not show.