When on the lookout for a greater cryptocurrency trade and need to examine MEXC vs BingX, your final alternative is determined by your wants. For instance, you’ll select MEXC when you prioritize low buying and selling charges and entry to a variety of crypto belongings, together with altcoins. Then again, when you take pleasure in copy and social buying and selling, BingX shall be your alternative. Our information will delve into the similarities and variations between BingX vs MEXC that will help you determine the higher trade.
MEXC vs BingX: Overview Comparability
FeatureMEXCBingXYear Based and founder2018, Sheen Xin Hu, Aaron Wagener, and Piotr Brzezinski2018, Josh LuHeadquartersSeychellesSingaporePreferrred forSuperior merchantsRookies and knowledgeable merchantsVariety of cryptocurrencies supported2940+1000+Supported fiat currencies50+ together with USD, EUR, GBP, JPY AUD CAD, and others100+ together with EUR, GBP, AUD, BRL, and USDCharges0.0/0.05% for spot, 0.0/0.02% for futures0.1%Supported fee strategiesCredit score/debit playing cards, Apple pay, Financial institution switchBank cards, Financial institution transfers, Google Pay, Apple PayNative tokenMXN/ASpace of focusRetail and institutional traders.Retail and institutional traders.Security measures2FA authentication, anti-phishing code, withdrawal whitelist, and so on.2FA authentication, anti-phishing code, withdrawal whitelisting, One-Click on Safety , and so on. Copy buying and sellingSureSureStaking/yieldSureRestrictedKey OptionsSpot Buying and selling, Margin Buying and selling
Futures Buying and selling, Copy Buying and selling
Staking and Earn, P2P Buying and selling
MEXC Convert
Spot and Futures Buying and selling, Copy Automated Buying and selling, Buying and selling Bots, AI Instruments, Demo Buying and selling, BingX Wealth, Launchpad: Affiliate Program
What’s MEXC?
MEXC cryptocurrency trade was based in 2018 and has, over time, grown to turn out to be a outstanding buying and selling platform. The trade stands out for its broad choice of supported cryptocurrencies and a aggressive charge construction preferrred for newcomers and specialists. MEXC helps over 3000 completely different belongings, providing an unparalleled number of buying and selling choices. The variety caters for customers inquisitive about fashionable cryptocurrencies in addition to these in search of high-potential rising altcoins.
MEXC trade has distinguished itself from different exchanges via its aggressive buying and selling charge technique. The trade affords among the many lowest charges within the business, together with zero spot buying and selling charges. This has turn out to be a pretty characteristic, particularly amongst lively merchants inquisitive about lowering prices from their frequent transactions. The platform affords high-leverage derivatives buying and selling with a most leverage of 200x. MEXC additionally offers a replica buying and selling characteristic that enables newcomers to duplicate the profitable strikes of knowledgeable merchants.
Execs & Cons of MEXC
MEXC ProsMEXC ConsAn intuitive, user-friendly interface preferrred for newcomers and superior merchantsNot accessible for US-based customersLow buying and selling charges starting from 0% for spot buying and sellingComparatively restricted buyer assist choicesExtensive number of supported cryptocurrencies together with 2940+ spot pairs and 1,500+ Futures pairsNew customers required to finish necessary KYC verificationStrong safety measures and deep liquidityRestricted fiat foreign money assistExcessive leverage of as much as 200x on futures buying and selling contracts
MEXC is greatest for:
Spot, futures, and margin buying and selling can be found attributable to a lot of buying and selling pairs and excessive liquidity.Excessive-frequency and quantitative trades leveraging latency API, deep order books, and quick matching engines.Excessive-volume and huge institutional commerce attributable to excessive withdrawal limitsMerchants inquisitive about buying and selling a big selection of digital belongings, together with new listingsMerchants inquisitive about incomes passive earnings with a excessive percentage-based annual curiosity by staking particular cryptocurrencies.Customers inquisitive about investing in numerous cryptocurrencies to earn day by day passive earnings with probably excessive APYs via MEXC EARN.
What’s BingX?
Cryptocurrency trade BingX was based in 2018 and has differentiated itself from different exchanges by integrating social parts in its actions. The buying and selling platform has managed to create a singular mix encompassing superior monetary methods and a sturdy consumer group. By way of this modern strategy, BingX has positioned itself as a buying and selling platform with a vibrant social community of enthusiastic merchants.
Customers of the BingX trade have entry to a variety of buying and selling methods, together with spot buying and selling, futures buying and selling and margin buying and selling. Nevertheless, the trade’s most vital characteristic that makes it stand out is its implementation of TradingView integration. This superior characteristic offers real-time information evaluation and charting instruments that improve the consumer expertise in making knowledgeable funding selections.
The platform’s Social Crypto Community characteristic is exclusive because it permits merchants to observe and work together with one another. Utilizing this characteristic, customers can share data and insights about their complete crypto buying and selling expertise. This has turn out to be the platform’s distinct identifier for selling community-driven buying and selling via sharing successful methods from everybody’s particular person expertise.
Execs & Cons of BingX
BingX ProsBingX ConsHelps a variety of cryptocurrencies together with BTC, ETH, USDT, XRP, DOGE, BNB and different fashionable altcoinsDoesn’t supply leverage on spot buying and selling forcing merchants to rely totally on their fundsProvides spot buying and selling and incomes alternatives on conversion and grid buying and sellingComparatively excessive withdrawal chargesPassive earnings alternatives through social buying and selling platformBuyer assist solely accessible through dwell chat and e mail – trade doesn’t have a name heartComparatively low buying and selling charges with day by day common unfold at 0.04% Consumer-friendly cell App with TradingView integration Formally registered within the US, Canada, Australia and EU (Estonia).
BingX is greatest for:
Copy buying and selling for newcomers inquisitive about following and replicating specialistsCustomers inquisitive about automated buying and selling via buying and selling botsSpot and derivatives buying and selling, together with leverage buying and selling within the futures marketSuperior buying and selling utilizing AI-based instruments for insights and threat evaluation
MEXC vs BingX: Buying and selling Options
FeatureMEXCBingXSpot buying and selling feesCompetitive 0% maker charge and 0.05% taker charge.Normal charge is 0.1% for each maker and taker. VIP customers get reductions.Futures buying and selling fees0.00% maker and 0.02% taker. VIP standing can present additional reductions.0.02% maker and 0.05% taker. VIP standing can present decrease charges.LeverageOffers a number of the highest leverage out there, with as much as 400x on chosen futures pairs.Provides as much as 125x leverage on perpetual futures contracts.Cryptocurrency selectionOver 2,940 and cash together with many meme cash and rising tokens.Provides a extra curated choice with over 1,000 cash and buying and selling pairs.Fiat currenciesSupports fewer fiat currencies for deposits and purchases (solely 5, together with EUR, GBP, and USD).Has extra in depth fiat on-ramps, with assist for over 100 fiat currencies and a number of fee strategies.Copy and Social tradingProvides copy buying and selling performance for each spot and futures markets.Robust copy buying and selling options and a built-in social community, permitting newcomers to simply mirror methods.
Provides “sign buying and selling,” which lets novices execute setups created by prime merchants.
Superior featuresHigh-performance matching engine, enabling speedy transaction settlements.
Provides a Launchpad for early token entry and helps pre-market buying and selling.
Integrates instantly with TradingView for superior charting and evaluation.
“BingX AI” assistant offers buying and selling insights, information briefings, and forecasts.
KYC requirementsAllows a comparatively excessive day by day withdrawal restrict of 30 BTC with out necessary KYC.Permits day by day withdrawals as much as 50,000 USDT for unverified customers.Consumer interfaceThe interface is user-friendly environment friendly and simple however can really feel overwhelming attributable to its huge options.Usually thought-about extra user-friendly and intuitive, notably for newcomers.Liquidity and executionA high-performance engine can settle over 1.4 million transactions per second.Operates a “assured worth” characteristic to make sure order execution on the specified worth.
MEXC vs BingX: Platform Merchandise and Providers
Each MEXC and BingX have a number of distinctive merchandise they provide merchants who patronize the platform. The next is a comparability of the merchandise supplied by every platform:
What MEXC Provides:
Perpetual Futures Buying and selling: MEXC affords a futures buying and selling device for over 1,200 futures contracts with as much as 500x leverage. Customers can agree to purchase or promote crypto at a set worth on a predetermined future date. P2P Buying and selling: This characteristic permits customers to simply purchase and promote belongings with one another and pay utilizing fiat currencies. Demo Buying and selling: The demo account mimics the actual futures buying and selling market with 50,000 USDT, permitting newcomers to follow with out risking actual funds.Copy Buying and selling: Permits new merchants to duplicate the strikes of specialists with out having to do their very own market evaluation. MEXC Specific: Allows customers to simply purchase crypto utilizing their most well-liked fee strategies comparable to credit score/debit playing cards, SEPA or third-party companies.MEXC Mastercard: This can be a digital pay as you go Mastercard particularly designed for MEXC customers and is out there in particular international locations.
What BingX Provides:
BingX Buying and selling Merchandise: BingX affords particular buying and selling merchandise, together with spot buying and selling with over 700 pairs. The platform additionally offers perpetual futures with 125x leverage and customary futures which might be settled on fastened dates.Extra Buying and selling Instruments: Different buying and selling instruments supplied by BingX embody grid buying and selling and replica buying and selling surrounding a rising choice of cryptocurrencies.BingX Wealth: The BingX Wealth characteristic offers incomes alternatives via lending and borrowing.BingX XPool & Staking: BingX Pool is a element of BingX Wealth that enables customers to lock up particular tokens to earn rewards from a distinct token. Nonetheless, customers should stake tokens in pairs. BingX Launchpool & Launchpad: These options permit traders to achieve early entry to rising tokens. Launchpool will allow customers to decide on particular tokens, whereas Launchpad affords merchants entry to new tokens. Nevertheless, Launchpad represents the next alternative/increased threat alternative in comparison with Launchpool.
MEXC vs BingX: Price Constructions
Function MEXCBingXSpot Buying and sellingMaker: 0% Taker: 0.05%Maker: 0.1% Taker: 0.1% (VIP customers can get decrease charges)Perpetual FuturesMaker: 0% Taker: 0.02%Maker: 0.02% Taker: 0.05% (VIP customers can get decrease charges).Normal FuturesNot specified individually from perpetual futures, however promotions typically apply to all futures.Taker and Maker: 0.045%
(Collected upon closing a place).
Utilizing a Native Token to Pay ChargesMaintain $ge$500 MX: Get a 50% low cost on futures charges.N/AFiat DepositsVaries by fee methodology, however financial institution transfers could also be 0% and bank card purchases round 2%.Varies by fee methodology. No charge for SEPA transfers, however increased charges for bank card purchases in non-EEA international locations.Cryptocurrency DepositsFree.Free, however community charges apply.WithdrawalsVaries by cryptocurrency and community. Community charges apply.Varies by cryptocurrency and community. Community charges apply.Immediate Purchase-PromoteVaries by fee methodologyVaries by fee methodologyCredit score/Debit Card Non-EEA: (3.30%) EEA: (1.50%)Not specifiedNFTMaker: 0%/ Taker: 0.02%VariesStakingNo chargePrimarily based on coin
BingX Change vs MEXC: Cash Supported, Liquidity & Quantity
Function BingXMEXCCoins supported1,000+2,900+Buying and selling pairs1,000+Over 2,900, with 2,600+ spot pairs and 1,500+ futures contracts.24-hour quantityCommon day by day quantity is $260 millionCommon day by day quantity exceeds$1.7 billion.LiquidityReasonable, although ample for hottest crypto belongings.Excessive liquidity, with studies claiming it exceeds rivals’ mixed totals for futures buying and selling.Derivatives focusPrimarily centered on derivatives, with an estimated 88% of market exercise on this space.Derivatives-focused, however with a smaller focus than BingX, holding roughly an 80% share.Notable listingsHelps main cash like BTC, ETH, and XRP, plus affords a robust choice for copy and sign buying and selling.Excels in early listings of latest tokens and meme cash, along with supporting all main belongings.
MEXC vs BingX: Safety Comparability
Each BingX and MEXC make the most of strong safety measures to guard consumer information and consumer funds, although they could differ in particular implementation.
MEXC Safety Measures
Multi-layered safety: Provides a $100M Guardian Fund and a Futures Insurance coverage Fund to safeguard belongings from platform-caused losses.Asset custody: The Majority of belongings are saved in chilly wallets.Primary safety: Helps two-factor authentication (2FA) and makes use of multi-signature wallets.Information safety: Makes use of superior encryption expertise to guard consumer funds.Audits and reserves: The platform conducts common audits, moreover sustaining 100% Proof of Reserves.Different measures: Makes use of threat monitoring and has a T+N withdrawal coverage for tokens bought through particular fee channels, comparable to requiring a 24-72 hour withdrawal maintain.
BingX Safety Measures
Multi-layered safety: Makes a speciality of utilizing information encryption and superior firewalls.Asset custody: Change manages funds utilizing each hot and cold wallets.Primary safety: Helps 2FA and multi-factor authentication (MFA) through Google Authenticator.Information safety: BingX makes use of multi-layer personal key encryption and real-time fund monitoring for belongings in its sizzling wallets.Audits and reserves: Conducts common audits and maintains a 100% Proof of Reserves system.Different measures: Offers insurance coverage protection for safety incidents.
Key Variations and Similarities
FeatureMEXCBingXBasic Safety2FA, MFA, Multi-signature wallets2FA, MFA with Google authenticationAsset CustodyHot and cold walletsHot and cold walletsInformation SafetySuperior encryptionMulti-layer personal key encryption, real-time monitoringConsumer-specific Safety$100M Guardian Fund for platform-caused lossesInsurance coverage protection, superior firewallsAudits and ReservesCommon audits, 100% Proof of ReservesCommon audits, 100% Proof of Reserves
MEXC vs BingX: Affiliate & Referral Packages
The next and the similarities and variations between the MEXC and BingX function referral and affiliate applications:
FeatureMEXC Affiliate & ReferralBingX Affiliate & ReferralCommission PriceAs much as 40% fee on buying and selling chargesNot specifiedReward ConstructionMulti-layered rewards, contains speedy bonuses, ongoing commissionsPermits associates to set a buying and selling charge rebate proportion for his or her referred customersKey DifferentiatorsAs much as 40% fee on buying and selling charges, 1,080-day fee validity, A number of reward paths (bonuses, airdrops, DEX+ rebates)Permits associates to share their fee with their referred customers, Devoted affiliate assist groupInvitee AdvantagesBonuses and different incentives for brand spanking new customers who full duties like deposit and buying and selling duties)Buying and selling charge rebates that may be set by the affiliate
BingX vs MEXC: Consumer Expertise
Each MEXC and BingX are famend for providing user-friendly interfaces which cater to completely different consumer experiences. Most merchants discover the BingX consumer expertise to be extra beginner-friendly, whereas the MEXC one is especially catered to superior merchants.
BingX
Social & Neighborhood Targeted: Change integrates a social crypto community consisting of copy buying and selling and sign sharing for a community-oriented expertise.Newbie-Pleasant: Social and replica buying and selling points are perfect for new customers to study and commerce.AI Integration: Actively integrates AI-powered instruments to reinforce consumer expertise and analytical capabilities.Buying and selling Instruments: Helps spot, futures, and replica buying and selling, moreover integrating TradingView for enhanced analytical instruments.
MEXC
Huge Asset Choice: Provides some of the vital numbers of buying and selling pairs (over 2,600) out there.Superior Instruments: Helps a sturdy set of instruments for knowledgeable merchants. These embody futures buying and selling, P2P buying and selling, and a devoted “Meme+” buying and selling zone for high-risk, high-return meme cash.Demo Buying and selling: A free demo buying and selling account with digital 50,000 USDT for futures buying and selling that enables new customers to follow with out monetary threat.Environment friendly Interface: The MEXC consumer interface is simple and facilitates environment friendly buying and selling, catering to each newcomers and superior customers.
MEXC vs BingX: Buyer Assist
Buyer assist performs a vital position within the lives of customers, particularly new merchants, and each MEXC and BingX take it critically. BingX buyer assist encompasses a responsive ticket system, dwell assist and a vibrant Telegram and Discord group. The platform has additionally closely invested in dealer training and engagement utilizing tournaments, contests and replica buying and selling occasions.
Then again, MEXC buyer assist contains assist through e mail and dwell chat, however with a much less dynamic consumer group. The platform has additionally closely invested in providing academic content material and bulletins, together with an lively Telegram group.
Conclusion
Our MEXC vs BingX evaluation concludes that MEXC affords a greater possibility for knowledgeable merchants and new altcoin hunters who don’t care about KYC verification. The platform’s many supported cryptocurrencies, highly effective futures suite and low charges make it preferrred for crypto commerce professionals and fans. BingX seems to be the higher platform for brand spanking new merchants and people who care about group and ease. The platform’s copy buying and selling characteristic and clear interface make for a straightforward studying curve for merchants with little or no expertise. Select MEXC when you’re inquisitive about low charges, leverage and early altcoin listings, and BingX when you favor simplicity and social options.
FAQs
Which is healthier, MEXC or BingX?
Since each MEXC vs BingX are designed for and serve completely different audiences, the higher trade is determined by your buying and selling targets. Nevertheless, you’ll be able to nonetheless use both trade for different functions as they’re not mutually unique. Most sensible merchants diversify throughout exchanges within the evolving world of crypto.
Which trade has decrease charges: MEXC vs BingX?
Whereas each BingX and MEXC supply aggressive charges, the MEXC charges are comparatively decrease, particularly in futures contracts. Spot buying and selling charges start at 0.1%, which may turn out to be even decrease via rebates or utilizing MX tokens.
Which trade is extra beginner-friendly: BingX or MEXC?
Merchants discover that BingX is extra beginner-friendly attributable to its extra intuitive and easy-to-use interface. MEXC has a responsive, easy-to-navigate interface, which means each choices can simply cater for newcomers in search of a simplified expertise.
Which trade is safer: BingX vs MEXC?
Merchants usually take into account each BingX and MEXC to be secure exchanges because of the strong safety measures they make use of. These measures embody chilly storage and multi-factor authentication, amongst others. Nevertheless, relating to “safer”, your alternative will rely in your particular person buying and selling preferences.
Which is greatest for superior merchants: MEXC vs BingX?
MEXC usually caters for the extra superior merchants in search of range and depth, whereas BingX primarily caters for newcomers in search of ease of use and ease.
