MEXC will become one of the most famous and highly rated cryptocurrency exchanges in the world. There are also many registered users, but you will be wondering which one is better compared to Bybit, which is also a famous exchange. This article compares the two.
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 Bybit?
Bybit is a cryptocurrency exchange founded in Singapore. This exchange is actively expanding globally in various ways, moving its base from Singapore to Dubai in the United Arab Emirates in 2022 and is further developing.
Virtual currency exchange ranking
Bybit is ranked 5th in the world by coinmarketcap.com. MEXC is ranked 12th in the world.
Source : 取引高別仮想通貨取引所 | CoinMarketCap
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
On the other hand, Bybit is known for having more Japanese users than MEXC. Other than that, it is known for its large number of users in developed countries such as the United States, South Korea, and Germany. We also have users in South America and India.
Source : TradersUnion
MEXC VS Bybit
|Number of cryptocurrencies||1500||300|
|Base Account Currencie||USD, cryptocurrencies||cryptocurrencies|
In terms of the number of currencies handled, MEXC is overwhelmingly large. There are many unnamed coins that you have never heard of in MEXC, and it is an exchange where you can invest in a large number.
Transaction fees are cheaper on Bybit. Rather, it would be better to say that MEXC is higher. MEXC fees are more expensive than other exchanges.
Many Japanese users
As can be said for both exchanges, the main users are Japanese. Therefore, Japanese is also supported language, and the support staff also supports Japanese.
Aggressive expansion to foreign countries
Compared to MEXC, Bybit’s overseas expansion has been very aggressive in recent years. We moved our base to Dubai last year and are also very focused on customer acquisition in the Middle East and Africa regions.
Open a free account
MEXC can open an account for free. You can easily open an account with no risk. Please refer to the article below on how to open an account.