MEXC is known as one of the top cryptocurrency exchanges in the world. But OKX is a pretty popular exchange as well. 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.
What is OKX?
OKX is operated by OK Group. Previously operated under the name of OKEx, it will be renamed to OKX in 2022. It handles over 165 different currencies and is one of the world’s top-level exchanges.
Virtual currency exchange ranking
OKX is ranked 7th 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
OKX, on the other hand, has a large number of users from Africa to the Middle East. Prominent in the north is considerable popularity in North and West Africa. Elsewhere, we have users in India and Pakistan.
Source : TradersUnion
MEXC VS OKX
|Number of currenccies||1500||150|
|Base Account Currencies||USD, cryptocurrencies||USD, EUR, GBP and 30+|
Trade education content
OKX has a lot of content related to trading. OKX puts a lot of effort into educational content. OKX also offers content such as videos and webinars.
Transaction fees are clearly on OKX’s side. Some users are dissatisfied with MEXC because the commission is set higher than other virtual currency exchanges in the world.
Number of stocks handled
MEXC is overwhelmingly superior in the number of stocks handled. MEXC is one of the most recommended exchanges because it allows you to trade a large number of unnamed coins.
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.