[MEXC Global: For Beginners] Which is better, MEXC VS Binance? Virtual currency exchange ranking and feature comparison

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.

[MEXC Global: For Beginners] Company Profile, License, Reviews, Reputation, Safety, Advantages and Disadvantages Explanation

MEXC is one of the most highly rated virtual currency exchanges in the world. It is said that there are many registered users around the world, exceeding 7 million people. Many people are probably wondering if this exchange can be trusted. I am writing an article about the MEXC company. Some users may find it confusing to use an overseas exchange. We have summarized the advantages and disadvantages for users, such as types of stocks such as Bitcoin and Ethereum, support, reputation information on fees, etc., as articles.

www.asiancryptotrader.com

2023.02.04

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.

Binance

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

transaction fee

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.

Maximum leverage

Binance allows high leverage trading, with a maximum of 100 times, but MEXC is set lower because it is a maximum of 20 times.

Currencies handled

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.

[MEXC Global: For Beginners] Open an account for free. Explanation of registration methods and procedures.

MEXC is a cryptocurrency exchange based in Singapore. Since this exchange is based in Asia, many users from the Asian region are registered, and there are over 7 million users trading around the world. This article is about opening an account for trading. You can open a MEXC Global account for free. Furthermore, there are plenty of bonuses and campaigns, and there are also mx tokens, so it is recommended for beginners. We will explain how to register.

www.asiancryptotrader.com

2023.02.04