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BingX vs MEXC: Comparing Features in 2024

Written by Michael Hayes

Written by:

Michael Hayes

Michael Hayes, a seasoned finance professional, enhanced his expertise by attending executive education programs in Finance at the prestigious Wharton School of the University of Pennsylvania. With a career spanning over 20 years, Michael has gained extensive experience in financial analysis, investment management, and strategic financial planning. His deep understanding of financial markets, coupled with his passion for continuous learning, has made him a trusted advisor in the field

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Expert Reviewed

This article has been reviewed by crypto market experts at SCM to ensure all the content, sources, and claims adhere to the highest standards of accuracy and reliability.

Last Updated on July 25, 2024

In the dynamic landscape of cryptocurrency trading, BingX and MEXC stand out as two platforms vying for the attention of digital asset traders.

Both exchanges offer a suite of features designed to cater to the needs of modern traders, but they each bring their unique strengths to the table.

This article will provide a detailed comparison of BingX and MEXC, focusing on their trading features, user interface, security protocols, fee structures, and market reach.

Whether you’re a seasoned trader or just starting, understanding the differences between BingX and MEXC is crucial for navigating the complexities of cryptocurrency trading.

BingX Vs. MEXC: Comparative Table

BingX and MEXC are significant players in the cryptocurrency exchange market, with unique offerings for traders like yourself. Here’s a comparative table to quickly grasp their differences and similarities.

Feature BingX MEXC
Founded In 2018 2018
Founder(s) N/A N/A
Supported Cryptos Offers a variety, including popular coins Broad selection, including lesser-known tokens
Spot Trading Available Available
Futures Trading Available with competitive leverage options Available with various leverage choices
Copy Trading Yes, the copy trading feature is available No
Trading Volume High, with a substantial user base High, with extensive market penetration
Deposit Methods Multiple, including bank transfer and crypto Diverse, with multiple fiat and crypto options
Trading Fees Competitive fees structure Low fees to attract various traders
Withdrawal Fees Low to moderate, depending on the coin Variable based on coin and withdrawal method
User Scores Positive reviews for ease of use Generally positive with some concerns
Unique Features Copy trading, user-friendly interface Customizable trading experience

Each platform launched in 2018, yet their founders’ details are less often highlighted in public records. As you scout for a platform, consider which features align with your trading style.

BingX boasts its user-friendly interface and copy trading, whereas MEXC appeals with its customizable approach to trading and extensive crypto options.

Whether you prioritize diversity in trading options or low fees, both platforms offer sophisticated tools for seasoned and novice traders.

Our 2024's Recommendation

  • Upto 150x Leverage for BTC

  •  Supports over 300+ crypto trading pairs

  • Fees starting at 0.075% for futures

  • Strong security features

BingX Vs. MEXC: Products And Services

When you explore BingX and MEXC, you’ll find each platform provides a suite of services.

BingX is recognized for its user-friendly interface, offering spot trading, crypto futures trading, and copy trading, where you can mimic the trades of seasoned investors.

They also cater to the social trading segment, which might appeal to you if you prefer a community aspect.ofEXC stands out with its extensive list of over 1,690 cryptocurrencies for spot trading, indicating broad market access.

They are notable for their futures trading options with competitive fees, adding value for frequent traders. MEXC also extends a 0% maker fee for futures, which might tip the scales if you’re a high-volume trader.

Feature BingX MEXC
Spot Trading Available Available
Futures Trading Available with a social trading feature Lower maker fees for cost-effectiveness
Leveraged Tokens Not widely promoted Accessible with Variety
Staking Services Available with several options Offers staking with competitive returns
API Capabilities Robust for integrating trading algorithms Advanced, catering to algorithmic trading

Regarding innovation, BingX integrates social elements into trading, giving you a more interactive experience.

On the other hand, MEXC’s innovation shines in its API capabilities, which may better serve your algorithmic trading strategies.

When considering user experience, your choice between BingX and MEXC may hinge on what services you prioritize.

While BingX offers a blend of traditional and social trading tools, MEXC could be your preference for its depth in market variety and advanced trading features.

BingX Vs. MEXC: Contract Types

When you explore contract types offered by BingX, you’ll find a focus on linear perpetual contracts.

These allow you to use stablecoins as collateral, bringing clarity and stability to your valuation process, especially if you prefer avoiding volatility related to underlying crypto assets.

MEXC, on the other hand, provides a broader scope with its offerings. These are the types of contracts you’ll typically encounter:

  • Inverse Perpetual Contracts: Your profits and losses are calculated in the base cryptocurrency, aligning your earnings directly with the asset’s performance.
  • Linear Perpetual Contracts: Much like BingX, these contracts are collateralized and settled in stablecoins, offering a constant valuation base.
  • Inverse Futures Contracts: These contracts also base P&L on the asset you are trading with, often considered for short-term trading given their expiration dates.
  • COIN-M Futures: With COIN-M, the cryptocurrency acts as a margin for your contracts, creating a direct connection to the crypto asset.
  • USD-M Futures: In sharp contrast, USD-M uses stablecoins pegged to fiat currencies, such as USDT, for margin and settlement, providing a buffer against the volatility of the crypto market.
  • Options: These contracts give you the right, but not the obligation, to buy or sell at a predetermined price, adding flexibility to your trading strategies.

While MEXC boasts a 200x maximum leverage in some contract types, offering higher leverage than BingX’s 150x, you must consider that higher leverage also increases the risk of amplified losses.

Your choice depends on your comfort with risk and your specific trading preferences.

BingX Vs MEXC: Supported Cryptocurrencies

When selecting a cryptocurrency exchange, one of the crucial aspects to consider is the variety of available trading options. BingX and MEXC offer a comprehensive range of cryptocurrencies but have notable differences.

bingx supported coins

BingX supports over 540+ cryptocurrencies, giving you a solid range of popular and less-known coins to trade.

BingX provides a platform for the more frequently traded pairs on the futures and leverage trading front, facilitating dynamic trading strategies.

mexc supported coins

In contrast, MEXC has a broader selection featuring over 1690+ cryptocurrencies.

This extensive list includes not just the mainstream cryptocurrencies but also a significant number of emerging altcoins, which could be beneficial if you’re looking to diversify your portfolio or engage in speculative trading with less established cryptocurrencies.

For futures and leverage trading, here’s a highlight of the most popular trading pairs on both exchanges:

MEXC Popular Futures Pairs BingX Popular Futures Pairs

Remember, futures trading comes with higher risks and rewards, and it’s essential to understand the market volatility associated with these trades.

Always consider the market depth, liquidity, and the specific features of each exchange that support futures trading.

The diversity and the number of trading pairs offered by MEXC and BingX can significantly impact your trading experience based on your needs and preferences.

BingX Vs. MEXC: Leverage And Margin Trading

When evaluating the margin trading capabilities of BingX and MEXC, you’ll observe distinct differences in their leverage and fee structures, which cater to various trading styles.


  • Offers up to 150x leverage on its future products.
  • Implements a tiered margin system where your initial margin increases with leverage.
  • If the market moves against your position beyond the maintenance margin level, you face liquidation risks.
  • BingX typically charges a maker fee of 0.045% and a taker fee of 0.075% for futures.


  • Distinguishes itself with margin offerings by providing a higher leverage cap of 200x.
  • Margin requirements are based on the trade size and leverage used; more prominent positions with higher leverage require more margin.
  • Please pay attention to liquidation points, as they ensure your losses do not exceed your margin.
  • MEXC offers a 0% maker fee and a 0.01% taker fee for futures contracts.

Key Considerations:

  • Higher leverage magnifies both potential profits and losses.
  • Crypto futures funding rates vary on each platform and must be factored into the cost of holding positions overnight.
  • Remember to monitor ongoing positions to avoid liquidation, particularly on trades with high leverage.

When choosing between BingX and MEXC for leverage and margin trading, consider your risk tolerance, trading strategy, and the fee structure that aligns with your trading frequency and style.

BingX Vs. MEXC: Trading Volume

When evaluating BingX and MEXC, you will find that both exchanges have their specific trade volumes, directly impacting your trading experience regarding efficiency, execution, and potential slippage.


  • Your 30-day trading volume tiers are crucial in determining your fees.
  • As a Level 1 trader with a less than $50,000 volume, your fees might start at 0.10%.


  • We are known for providing zero spot trading fees, making it an attractive option for your trades.
  • A higher maximum leverage of 200x may contribute to its larger trading volumes.

Trading Efficiency and Execution:

  • High Volume: With higher trading volumes, you generally get better trading efficiency and faster execution on MEXC, which might outperform BingX in highly active markets.
  • Lower Volume: BingX, while offering competitive fees, may have slightly less liquidity, affecting your trade execution speed.


  • MEXC: The zero spot trading fees and high-volume trading can minimize your slippage during peak trading times.
  • BingX: Modest trade volumes might lead to occasional higher slippage, but it typically remains within an acceptable range.

Liquidity and Volume Data Sources:

  • Rankings and metrics for BingX and MEXC are updated regularly on platforms like CoinMarketCap and Cryptowisser.
  • These sources reflect the current state of the market, enabling you to make informed decisions based on the latest data.

High-volume exchanges like MEXC can offer more liquidity, while BingX may benefit those trading less frequently or in smaller quantities.

BingX Vs MEXC: Futures Trading Fees And Rewards

When you engage in futures trading on BingX and MEXC, the fee structures and reward systems are pivotal to your trading strategy. Both exchanges offer distinct fee schedules and incentives that can significantly impact your earnings.

bingx fees

BingX has a competitive futures fee structure. If you’re a maker, meaning you provide liquidity to the market, BingX charges you a 0.045% fee, while as a taker, when you remove liquidity from the market, a 0.075% fee is applicable.

mexc fees

On the other hand, MEXC differentiates itself with even lower future fees. Makers enjoy a 0% fee, an attractive point for those who trade frequently, and takers are charged a modest 0.01% fee on futures.

Exchange Maker Fee Taker Fee
BingX 0.045% 0.075%
MEXC 0% 0.01%

To illustrate, if you execute a future trade of $10,000 as a maker on BingX, your fee would be $4.50. Conversely, on MEXC, that fee would be $0 – a significant saving.

Rewards and bonuses act as incentives for traders. Both platforms may offer sign-up bonuses or deposit bonuses, which can enhance your trading capital.

For example, BingX could provide up to 200 USDT in sign-up bonuses, while MEXC might offer a 10% deposit bonus. It’s essential to check the latest offers as these promotions can change.

BingX Vs MEXC: Deposits & Withdrawal Options

When you’re managing your funds with BingX, you have multiple channels for deposits and withdrawals, including:

  • Bank transfers
  • Credit cards
  • Various cryptocurrencies

Cryptocurrency transactions typically process swiftly, but the speed may vary depending on the asset you transfer.

Conversely, MEXC extends its services with a promise of zero spot trading fees, aiming to reduce cost barriers for you. Here’s a quick rundown of MEXC deposit and withdrawal features:

  • Spot trading: No fees
  • Higher leverage options: Up to 200x (compared to BingX’s 150x)

Both exchanges require you to consider their minimum and maximum transaction limits when moving funds. These limits can influence your trading strategy, mainly involving extensive funds or frequent transactions.

Processing times will differ based on the specific method used, but both platforms strive to maintain efficiency and minimal delays.


  • Deposits: Varies by method
  • Withdrawals: Dependent on asset


  • Deposits: Mostly instant for cryptocurrencies
  • Withdrawals: Typically swift, may depend on network congestion

Your decision on which platform to use may hinge on the diversity of payment methods, the quick access to funds, and the associated costs with each transaction.

It’s essential to weigh all these factors against your financial practices to select the most fitting exchange for your trading needs.

BingX Vs. MEXC: Native Token Usage

When trading on BingX and MEXC, you can leverage their native tokens to access various benefits. Both exchanges offer their respective cryptocurrencies that are deeply integrated into their platforms, enhancing your trading experience.

BingX Native Token

  • Utility: Primarily used for fee discounts and participating in platform-specific features.
  • Fee Discounts: Holders often receive reductions in trading fees.
  • Additional Uses: It may be used for staking or gaining access to exclusive events.

MEXC Native Token

  • Utility: Designed for fee discounts, staking, and token governance.
  • Fee Discounts: If you hold the MEXC native token, you can save significantly on trading fees.
  • Additional Uses: It can also be used within the ecosystem for various activities, such as voting on platform decisions.

Both BingX and MEXC incentivize the use of their tokens by providing fee discounts, which can be pretty substantial depending on the amount you hold and use.

Additionally, these tokens often have other in-exchange functions, such as staking, which can be an attractive feature for users looking to get the most out of the platform’s offerings.

Utilizing native tokens on BingX and MEXC supports the exchange ecosystem and often provides you with a more cost-effective trading strategy.

The benefits can vary, so staying informed about the latest token-related promotions and utilities on each exchange is advisable to maximize their use.

BingX Vs. MEXC: KYC Requirements & KYC Limits

When evaluating BingX and MEXC, your choice may be influenced by how each platform handles KYC (Know Your Customer) requirements and the corresponding KYC limits. Understanding these is crucial for your privacy and the scale of trading you can engage in.


  • No KYC for Low-Volume: You can withdraw up to 50,000 USDT daily without completing KYC verification.
  • KYC Process: You must submit identification documents to access higher withdrawal limits.


  • Higher Anonymity Limit: MEXC offers an anonymous daily withdrawal limit of 30 BTC, catering to your need for higher transaction volumes without revealing personal information.
  • Verification Requirements: To enjoy the full suite of services, including higher withdrawal limits and enhanced account features, you must undergo a more rigorous KYC process. This typically involves providing official identity documents, proof of address, and sometimes a facial recognition scan.

Your trading needs and your comfort with sharing personal information will guide your choice between BingX and MEXC. Here’s a quick overview:

Feature BingX MEXC
Daily Withdrawal Without KYC 50,000 USDT 30 BTC
KYC for Higher Limits Required Required
Verification Documents Government Issued ID, Proof of Address Government Issued ID, Proof of Address, Facial Recognition

Deciding on an exchange must also factor in the security each platform’s KYC requirements bring against potentially fraudulent activity while trading off the privacy you wish to maintain.

Each verification level enhances the security of your transactions but also demands more personal information.

BingX Vs. MEXC: User Experience

When you explore BingX and MEXC, your experience on each platform can be distinct due to their interface designs and functionalities.

Beginning with BingX, it offers a straightforward user interface that caters to new and seasoned traders.

You will find navigating through their services quite intuitive, as the platform emphasizes a clean layout and pertinent information without clutter. To learn more about the exchange’s UI, you can go through this BingX tutorial

bingx ui

BingX maintains this simplicity on the mobile app with readily accessible trading features and real-time data updates. The app’s responsiveness ensures that your trading activities are efficient.

mexc ui

On the other hand, MEXC offers more advanced features, which might appeal to you if you have a penchant for comprehensive tools. To know more, go through this MEXC tutorial

High-leverage trading is one such feature, and although it presents more opportunity, it also comes with greater risk.

Their user interface is robust and might require a slight learning curve, yet it is designed to provide an in-depth trading experience.

  • For BingX:
    • Simplified user interface facilitating ease of use
    • Responsive mobile application enhancing trading flexibility
    • Efficient design focused on user convenience and speed
  • For MEXC:
    • User interface featuring advanced trading tools for seasoned traders
    • High-performance mobile app with a multitude of features
    • Detailed and functional design aiding in specialized trading strategies

Your preference for simplicity or complexity in trading environments will influence your user experience on mobile apps and web interfaces.

BingX vs MEXC: Order Types

Your trading experience and success can significantly depend on the types of orders you can place on an exchange. Here’s how BingX and MEXC stack up in their order offerings.

  • Market Orders: BingX and MEXC support market orders, allowing you to buy or sell immediately at the current market price.
  • Limit Orders: You can set a specific price for buying or selling on both platforms.
  • Stop Orders: These exchanges provide stop orders to help you minimize losses by setting a sell order at a lower price than the market or a buy order above the market.
  • Conditional Orders: You can set active orders only when certain conditions are met on BingX and MEXC.
  • Post-Only Orders: This type ensures that your limit order will be added to the order book and not filled immediately against the market, contributing to liquidity.
  • Reduce-Only Orders: These are specialized orders that ensure a position is only reduced, not increased, and are available on both exchanges.

MEXC differentiates itself by offering zero spot trading fees, enhancing the value of executing these orders there. BingX is known for a more straightforward fee structure of 0.1% for spot trading.

BingX vs MEXC: Security Measures & Reliability

BingX and MEXC are prominent cryptocurrency exchanges prioritizing user security and reliability. They implement a range of practices to ensure your funds and data are protected.


  • Cold Wallet Storage: Your digital assets are mainly kept offline to minimize the risk of hacking.
  • Two-Factor Authentication (2FA): Offers an added layer of security during the login process.
  • SSL Encryption: Protects your sensitive data during transmission.
  • Risk Management: They employ a system to detect and prevent unauthorized activities.

Past Incidents:
BingX had minimal security breaches due to its robust safety measures. Incidents were promptly addressed, showcasing their responsive crisis management.


  • Multi-Tier & Multi-Cluster System Architecture: Provides stability and protection against various attacks.
  • SSL Encryption: Ensures the confidentiality and integrity of your communications.
  • Off-Site Backup: In case of system failure, they have mechanisms for data recovery.
  • Real-Time Monitoring: Your transactions are constantly supervised for any suspicious activity.

Past Incidents:
MEXC has maintained a solid record, with many listed coins that do not impact their security posture. They’ve handled past security concerns professionally, restoring user trust.

Each exchange has adopted extensive security protocols to give you a reliable trading environment.

While no system can claim to be completely waterproof, BingX and MEXC are deeply committed to maintaining high-security standards for your peace of mind.

BingX vs. MEXC: Insurance Fund

When you trade on leveraged exchanges like BingX and MEXC, the Insurance Fund is a vital feature to consider.

This fund is crucial as it protects traders from negative account balances and prevents socialized losses during forced liquidations.


  • BingX utilizes its Insurance Fund to prevent auto-deleveraging in traders’ positions. This means that when a liquidation happens, and the platform cannot close the position at the bankruptcy price, the fund steps in to cover the deficit. This system reduces the risk of sudden adverse market impacts on your open leveraged positions.


  • MEXC also maintains an Insurance Fund for similar purposes. However, how this fund operates, including replenishment methods and scenarios, might differ from those of BiBingX’singX; this fund acts as a buffer against unforeseeable losses, adding a layer of security to your trading activities.
Feature BingX MEXC
Purpose Protection from negative balance during liquidations Mitigates losses during forced liquidations
Impact on Traders Reduces the probability of auto-deleveraging Provides added security against extraordinary losses
Replenishment Not publicly detailed Varies based on market conditions and platform policies

To understand the sheer scale and rules governing each exchange’s Insurance Fund, consult the platform’s official documentation or contact their customer support.

Remember, though, that while the Insurance Fund provides some protection, trading with leverage always carries significant risk, and you should trade responsibly based on your risk tolerance and trading strategy.

BingX vs MEXC: Customer Support

When comparing the customer support of BingX to MEXC, your experience may vary depending on various factors, such as the complexity of your issue or the time of day.

From user feedback, BingX is known for swift and helpful responses, which can be crucial if you need timely assistance.

In contrast, MEXC is recognized for its professionalism in customer support. You can expect a dependable support system, essential when dealing with financial assets like cryptocurrencies.

Types of Customer Support Offered:

  • BingX:
    • Chat support
    • Email
    • Help center with FAQs
  • MEXC:
    • Chat support
    • Email
    • Comprehensive FAQ section

Remember, the efficacy of customer support also reflects how well the platform educates its users. Both exchanges provide educational resources that can help you resolve common issues independently.

BingX vs. MEXC: Regulatory Compliance

When you consider the regulatory compliance of BingX and MEXC, you’ll observe both platforms take diligent steps to align with legal frameworks.

BingX is known for its commitment to regulatory standards within its markets, ensuring adherence to ‘Know Your Customer’ (KYC) and ‘Anti-Money Laundering’ (AML) regulations.

In your comparison, you should be aware of the following aspects of BingX:

  • Regulatory Adherence: Compliance with KYC and AML standards.
  • Market Jurisdictions: Operates within the legalities of served jurisdictions.

Regarding MEXC, their efforts to maintain a secure and compliant trading environment are notable. The exchange has established a reputation for regulatory conscientiousness, which is critical in the crypto exchange landscape.

Key points about MEXC’s regulatory compliance include:

  • Security and Compliance Focus: Reputation for being a secure exchange due to its regulatory compliance measures.
  • Legal Framework Compliance: Adheres to international standards set by regulatory bodies.

Both exchanges have faced the inevitable challenges of the complex and evolving cryptocurrency regulatory environment. They continue to strive for compliance through regular audits and obtaining necessary certifications and licenses.

You need to monitor the latest updates on each exchange’s compliance status, as regulations can change frequently in cryptocurrency.


When assessing BingX and MEXC, your selection hinges on your trading preferences and requirements.


  • It is ideal for beginners and those who prefer a user-friendly interface.
  • It offers a demo trading platform, allowing you to practice without risk.
  • Noteworthy for its range of contract types, catering to diverse trading strategies.


  • Suitable if you’re seeking a platform with a comprehensive range of contract offerings.
  • Their contract variety provides flexibility in trading different instruments.

Here’s a brief comparison for clarity:

Feature BingX MEXC
User Interface Intuitive and beginner-friendly Complex, better for experienced traders
Demo Platform Available for practice Not typically highlighted
Contract Types Diverse options for various strategies Broad selection, offering versatility

Your choice should align with your trading level and goals.

If you’re starting in the world of cryptocurrency trading and you value a gentle learning curve with ample opportunity to practice,

BingX may be the better fit. In contrast, if you’re already familiar with crypto trading and are looking for a robust offering of contracts and trading pairs, MEXC might serve your needs more effectively.

Assess your individual needs and trading style to make the best decision.

Compare BingX and MEXC with other major exchanges

About the Authors

Michael Hayes, a seasoned finance professional, enhanced his expertise by attending executive education programs in Finance at the prestigious Wharton School of the University of Pennsylvania. With a career spanning over 20 years, Michael has gained extensive experience in financial analysis, investment management, and strategic financial planning. His deep understanding of financial markets, coupled with his passion for continuous learning, has made him a trusted advisor in the field