MEXC is known as one of the top cryptocurrency exchanges in the world. However, the top of the world is said to be Binance as of 2023. So which of these two exchanges is better? I tried to compare what kind of difference there is, so I hope you can refer to it.
Company profile of MEXC
MEXC is a cryptocurrency exchange currently based in Singapore. This exchange is said to be the top level in the world and has a large number of users. While the number of registered users is increasing, it is expected to continue to grow.
What is Binance?
Binance is a cryptocurrency exchange established in 2017 and is currently rated as the number one exchange in the world when considering everything such as trading volume and number of users. It is now a cryptocurrency exchange based in the Cayman Islands.
Virtual currency exchange ranking
Binance is ranked #1 in the world by coinmarketcap.com. MEXC is ranked 12th in the world.
Distribution of registered users by country
MEXC has a lot of Japanese people as the main. Other than that, it is known for having a large number of users in Asia, as well as a large number of users in North America.
Source : TradersUnion
Binance is mainly in India and Turkey, and there are users in Asia, Oceania, North America and the Middle East, so you can see that the registration area is very wide.
Source : TradersUnion
MEXC VS Binance
|Base Account Currencies||USD, cryptocurrencies||USD, EUR, GBP +10 fiat|
Transaction fees are cheaper on Binance. MEXC is rather high, and it is known that it tends to be higher than other companies in the same industry.
bonuses and promotions
There are both bonuses and campaigns, but MEXC is clearly better. MEXC bonuses and campaigns are always held, so it is highly recommended for active traders.
Binance allows high leverage trading, with a maximum of 100 times, but MEXC is set lower because it is a maximum of 20 times.
MEXC has better handling currencies. MEXC can trade even unnamed coins, and there are an overwhelming number of stocks that can be invested in.
Open a free account
MEXC can open an account for free. The procedure is also very easy, so let’s open an account and actually start trading. I will introduce it in the following article, so I hope you can refer to it.