MEXC is known as one of the top cryptocurrency exchanges in the world. On the other hand, Lbank is a globally expanding virtual currency exchange that has acquired a large number of users and is a highly recognized exchange. 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 Lbank?
Lbank is a Chinese cryptocurrency exchange. Lbank has been operating since 2015 and has services in over 200 countries. The transaction fee is a flat 0.1%, which means it does not fluctuate and is supported by many users. This exchange has users all over the world.
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
Lbank has many main users from South Asia to Africa. Other than that, there are users in the United States and South America, so you should be able to see that it is an exchange that is recognized all over the world.
Source : TradersUnion
MEXC VS Lbank
| MEXC | Lbank | |
| Company | MEXC Exchange | Lbank, Ltd. |
| Headquarter | Singapore | China |
| Established | 2016 | 2015 |
| Minimum Deposit | $1 | $1 |
| Number of Cryptocurrencies | 1500～ | 450～ |
| Max Leverage | 200 | – |
| Maker Fee | 0% | 0.10% |
| Taker Fee | 0.2% | 0.10% |
| Staking | 〇 | 〇 |
| Rending | 〇 | 〇 |
| Spot Trading | 〇 | 〇 |
| Future Trading | 〇 | 〇 |
| P2P Trading | 〇 | × |
| Copy Trading | 〇 | 〇 |
| NFT | 〇 | 〇 |
| DeFi Token | 〇 | × |
| Demo Trading | 〇 | 〇 |
| Web Trading | 〇 | 〇 |
| Mobile Trading | 〇 | 〇 |
| Minimum transaction quantity | 0.0001BTC | 0.001BTC |
| Bonus Campaign | First Deposit Bonus First Futures Trading Bonus Future Leverage Challenge Listed Coin Airdrop Taker Fee Free Campaign Others… | × |
| Deposit Method | Crypto Credit Card Bank Transfer | Crypto Credit/Debit Card Bank Transfer |
| Withdrawal Method | Crypto | Crypto Bank Transfer |
transaction fee
MEXC is recommended for transaction fees. You can see that the maker’s fee is virtually free and it is quite profitable.
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. Lbank does not have a financial license.
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. MEXC allows you to invest in over 1500 stocks in total, which is the highest number of stocks in the world. Lbank has only 450 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, Lbank’s bonus frequency is inferior to MEXC.
Maximum leverage
The maximum leverage of MEXC is 200 times, which is quite high.
NFT
MEXC handles NFTs and it is possible to actually trade. Therefore, it is possible to trade from a wide variety of stocks. Lbank has an NFT marketplace as well.
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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