MEXC is known as one of the top cryptocurrency exchanges in the world. On the other hand, SBI VC Trade 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 SBI VC Trade?
SBI VC Trade is a virtual currency exchange where you can buy altcoins. Since it is a virtual currency exchange operated by the major financial services company “SBI Group”, many Japanese people use it. Security is pretty solid and safety is guaranteed. Also, various fees are cheap, so it will be a virtual currency exchange that is highly recommended for traders.
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 SBI VC Trade
|Company||MEXC Exchange||SBI VC Trade Co., Ltd.|
|Number of Cryptocurrencies||1500～||14|
|Minimum transaction quantity||0.0001BTC||0.0001BTC|
|First Deposit Bonus|
First Futures Trading Bonus
Future Leverage Challenge
Listed Coin Airdrop
Taker Fee Free Campaign
|Withdrawal Method||Crypto||Bank Transfer|
SBI VC Trade is recommended for transaction fees. In the case of Maker, it is -0.01%, because you can receive a commission by placing a Maker order.
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. There are only 14 types of SBI VC trades.
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, there is no SBI VC trade bonus in the first place.
The maximum leverage of MEXC is 200 times, which is quite high. On the other hand, SBI VC Trade can only do leverage trading up to 2 times.
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.