MEXC is known as one of the top cryptocurrency exchanges in the world. On the other hand, DMM Bitcoin has many Japanese users registered as a virtual currency exchange exclusively for Japan. 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 DMM Bitcoin?
DMM Bitcoin is a virtual currency exchange operated by DMM Bitcoin, and the DMM Group is a well-known company in Japan, so there are many users who open an account with confidence. This exchange offers leveraged trading and allows you to trade 26 stocks. This exchange is recommended for users who want to trade in both spot trading and leveraged trading.
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.
| 1 | Binance |
| 2 | Coinbase |
| 3 | Kraken |
| 4 | Kucoin |
| 5 | Bybit |
| 6 | BitFinex |
| 7 | OKX |
| 8 | Binance US |
| 9 | BitStamp |
| 10 | Gate.io |
| 11 | LBank |
| 12 | MEXC Global |
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 DMM Bitcoin
| MEXC | DMM Bitcoin | |
| Company | MEXC Exchange | DMM Bitcoin Co., Ltd. |
| Headquarter | Singapore | Japan |
| Established | 2016 | 2018 |
| Minimum Deposit | $1 | 1 |
| Number of Cryptocurrencies | 1500～ | 26 |
| Max Leverage | 200 | 2 |
| Maker Fee | 0% | 0.04% |
| Taker Fee | 0.2% | 0.04% |
| Staking | 〇 | 〇 |
| Rending | 〇 | × |
| Spot Trading | 〇 | 〇 |
| Future Trading | 〇 | 〇 |
| P2P Trading | 〇 | × |
| Web Trading | 〇 | 〇 |
| Mobile Trading | 〇 | 〇 |
| Minimum transaction quantity | 0.0001BTC | 0.0001BTC |
| Bonus Campaign | First Deposit Bonus First Futures Trading Bonus Future Leverage Challenge Listed Coin Airdrop Taker Fee Free Campaign Others… | Account Open Campaign Spread Reduction Campaign |
| Deposit Method | Crypto Credit Card Bank Transfer | Bank Transfer Crypto |
| Withdrawal Method | Crypto | Bank Transfer Crypto |
transaction fee
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.
safety
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.
Brands handled
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. There are only 26 types of DMM Bitcoin.
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, DMM Bitcoin bonuses are less frequent and less expensive.
Maximum leverage
The maximum leverage of MEXC is 200 times, which is quite high. DMM Bitcoin, on the other hand, can only trade with leverage up to 2x.
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.
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