MEXC is known as one of the top cryptocurrency exchanges in the world. On the other hand, bitFlyer is a virtual currency exchange exclusively for Japan, and many Japanese users are registered. So which one is better when actually choosing a virtual currency exchange?
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 bitFlyer?
bitFlyer is a cryptocurrency exchange with a high bitcoin trading volume in Japan. As a major feature, it is very easy to apply and open an account in as little as 10 minutes. bitFlyer is a crypto asset exchange funded by major companies. Therefore, it has the characteristics of a sense of security. Not only that, you can trade with up to 2x leverage.
Virtual currency exchange ranking
Coinmarketcap.com ranks MEXC as the 12th largest cryptocurrency exchange in the world in 2023. As you can see from this, you should be able to see that MEXC is quite famous in the world.
Source : Coinmarketmap
word of mouth, reputation
The following article summarizes the actual reviews and experiences of MEXC. You can see that there are a lot of users who give high evaluation mainly to MEXC. We recommend that you take a look at it when you actually open an account.
Distribution of registered users by country
The graph below is a quote from TradersUnion, a review site for Forex companies and virtual currency exchanges around the world. 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
MEXC VS bitFlyer
|Company||MEXC Exchange||bitFlyer Inc.|
|Number of Cryptocurrencies||1500～||21|
|Minimum transaction quantity||0.0001BTC||0.001BTC|
|First Deposit Bonus|
First Futures Trading Bonus
Future Leverage Challenge
Listed Coin Airdrop
Taker Fee Free Campaign
|Account Open Campaign|
Credit Card Campaign
Easy Accumulation Campaign
|Withdrawal Method||Crypto||Bank Transfer|
MEXC is recommended for transaction fees. This is because the maker fee is free. It is the cheapest compared to other cryptocurrency exchanges around the world.
MEXC has financial licenses in the US, Canada, Switzerland, and Estonia, so I feel very secure. There have been no cases where users have refused withdrawals before, so it can be said that there are no concerns.
MEXC is clearly better for handling currencies. MEXC allows you to invest in unknown coins that you have never heard of, so you have a lot of options. bitFlyer has only 21 types.
bonuses and promotions
Bonuses and campaigns are clearly better at MEXC. Always-on, limited-time bonuses such as the first deposit bonus, the first futures trading bonus, and airdrops of listed coins are very abundant. On the other hand, bitFlyer bonuses are very infrequent and small.
The maximum leverage of MEXC is 200 times, which is quite high. On the other hand, bitFlyer only allows up to 2x leveraged trading.
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.