Bitget vs MEXC: Compared & Tested !?

When comparing Bitget and MEXC, both exchanges offer a range of features for crypto traders but stand out in different areas.

Bitget is well-known for its innovative copy trading feature, allowing users to follow successful traders, and it also offers a substantial selection of futures and derivatives trading options.

MEXC, on the other hand, has gained popularity for its extensive list of supported cryptocurrencies and high-leverage options, making it ideal for altcoin enthusiasts and futures traders.

In this post, we’ll break down their key features, including trading fees, supported assets, security, and overall user experience, to help you choose the right platform.

Bitget vs MEXC: Comparison at a Glance

Bitget and MEXC offer different features and fee structures for crypto traders. Let’s compare these exchanges side-by-side.

Feature	Bitget	MEXC
Founded	2018	2018
Founder(s)	Gracie Chen	John Chen Jie
Trading Fees (Spot)	0.1%	0% – 0.2%
Trading Fees (Futures)	0.02% maker, 0.06% taker	0% maker, 0.03% taker
Supported Cryptocurrencies	400+	1,400+
Leverage	Up to 125x	Up to 200x
Deposit Methods	Crypto, Bank Transfer	Crypto, Bank Transfer, Credit/Debit Cards

Bitget offers competitive fees, especially for futures trading. You’ll find a 0.1% fee for spot trading and lower rates for futures.

MEXC stands out with its extensive list of supported cryptocurrencies. You have access to over 1,400 coins and tokens on this platform.

Both exchanges were founded in 2018 but by different individuals. Gracie Chen established Bitget, while John Chen Jie founded MEXC.

For leverage trading, MEXC provides higher options with up to 200x leverage. Bitget offers up to 125x leverage, which is still substantial for most traders.

Deposit methods are similar on both platforms, with crypto and bank transfers available. MEXC adds the option of credit and debit card deposits for more flexibility.

Bitget vs MEXC: Products and Services

Bitget and MEXC offer a range of cryptocurrency trading options to meet diverse investor needs. Both exchanges provide spot trading for buying and selling digital assets directly.

For derivatives, Bitget and MEXC feature futures trading. This allows you to speculate on price movements without owning the underlying asset. MEXC goes a step further by offering both traditional and perpetual futures contracts.

MEXC stands out with its wide variety of cryptocurrencies available for trading. You’ll find an extensive selection of altcoins and newer tokens on this platform.

Bitget shines with its copy trading feature. This lets you automatically mimic the trades of successful investors, potentially benefiting from their expertise.

Both exchanges offer staking options, allowing you to earn passive income on your crypto holdings. MEXC provides a broader range of staking opportunities across various tokens.

For advanced traders, MEXC offers leveraged tokens and options trading. These products provide additional ways to manage risk and potentially increase returns.

Bitget focuses on user-friendly interfaces and educational resources. This makes it an attractive choice for beginners looking to enter the crypto market.

MEXC caters to more experienced traders with its diverse product lineup. You’ll find innovative offerings like NFT marketplaces and launchpad services for new token projects.

 

Bitget vs MEXC: Contract Types

Bitget and MEXC offer various contract types to cater to different trading preferences. Both platforms provide inverse perpetual contracts, allowing you to trade with margins and settlements in the base cryptocurrency.

Linear perpetual contracts are available on both exchanges. These contracts use stablecoins like USDT for margin and settlement, simplifying profit and loss calculations.

MEXC offers COIN-M futures, where contracts are margined and settled in the underlying cryptocurrency. Bitget, on the other hand, focuses more on USD-M futures, using USDT as the settlement currency.

Inverse futures contracts are present on both platforms. These fixed-term contracts use the base cryptocurrency for margin and settlement, appealing to traders seeking specific expiration dates.

Options trading is available on MEXC, giving you the right to buy or sell an asset at a predetermined price. Bitget currently does not offer options trading.

Contract specifications:

Contract Type	Bitget	MEXC
Inverse Perpetual	✓	✓
Linear Perpetual	✓	✓
Inverse Futures	✓	✓
COIN-M Futures	✗	✓
USD-M Futures	✓	✓
Options	✗	✓

MEXC provides a broader range of contract types, potentially offering more trading flexibility. Bitget focuses on popular contract types, which may be suitable if you prefer a streamlined selection.

 

Bitget vs MEXC: Supported Cryptocurrencies

 

Bitget and MEXC offer a wide range of cryptocurrencies for trading. Bitget supports over 1,850 cryptocurrencies, providing you with diverse digital assets.

MEXC takes it a step further, offering an impressive 11,000+ cryptocurrencies. This extensive variety gives you access to both established coins and emerging tokens.

 

For futures and leverage trading, both exchanges provide ample options:

Bitget:

• Futures trading pairs: 150+
• Leverage: Up to 200x on select coins

MEXC:

• Futures trading pairs: 180+
• Leverage: Up to 200x on certain assets

Popular futures trading pairs on both platforms include:

• BTC/USDT
• ETH/USDT
• XRP/USDT
• SOL/USDT
• DOGE/USDT

MEXC’s more extensive selection may appeal to those interested in niche markets or newer projects. Bitget’s curated list could be preferable for a more focused trading experience.

Both exchanges offer spot and derivatives trading for significant cryptocurrencies, ensuring you have access to the most popular digital assets.

 

Bitget vs MEXC: Leverage and Margin Trading

Bitget and MEXC offer leverage and margin trading options to amplify your positions and potential returns. These features allow you to trade with more capital than you possess.

On Bitget, you can access up to 125x leverage for futures trading. MEXC provides even higher leverage, offering up to 200x for specific cryptocurrency pairs.

Margin requirements vary based on the leverage you choose. Higher leverage typically requires a smaller initial margin but increases your liquidation risk.

Both exchanges implement a liquidation mechanism to protect themselves from losses. If your position reaches the liquidation price, it will be automatically closed.

Funding rates apply to perpetual futures contracts on both platforms. Depending on market conditions, these rates are periodically charged or credited to your account.

Here’s a quick comparison:

Feature	Bitget	MEXC
Max Leverage	125x	200x
Margin Types	Isolated, Cross	Isolated, Cross
Liquidation Risk	Yes	Yes
Funding Rates	8-hour intervals	8-hour intervals

Remember, while leverage can amplify your gains, it also magnifies potential losses. Always use these tools cautiously and understand the risks involved.

 

Bitget vs MEXC: Trading Volume

Trading volume plays a crucial role in determining the efficiency and liquidity of cryptocurrency exchanges. Both Bitget and MEXC have established themselves as prominent players in the crypto market.

MEXC often boasts higher trading volumes than Bitget. This can lead to better liquidity and potentially lower slippage for traders on MEXC.

Higher trading volumes typically result in tighter bid-ask spreads. You may find executing large orders on MEXC easier without significantly impacting the market price.

Bitget, while having a lower overall volume, still maintains respectable liquidity for most major trading pairs. The exchange has steadily grown its user base and trading activity.

CoinGecko and CoinMarketCap provide volume data for both exchanges. These platforms rank MEXC consistently higher than Bitget in daily trading volume.

It’s important to note that volume can vary significantly across different trading pairs. Popular cryptocurrencies like Bitcoin and Ethereum generally have higher liquidity on both platforms.

For less common altcoins or newer tokens, you might find varying levels of liquidity between MEXC and Bitget. You should check the specific trading pair you’re interested in before deciding.

 

Bitget vs MEXC: Futures Trading Fees and Rewards

 

When trading futures on Bitget and MEXC, you’ll encounter different fee structures and reward systems. Bitget charges 0.02% for makers and 0.06% for takers on futures trades. MEXC, on the other hand, offers 0% maker fees and 0.03% taker fees for futures trading.

To illustrate, if you place a $10,000 futures order on Bitget as a taker, you’ll pay $6 in fees. The same trade on MEXC would cost you $3. This difference can significantly impact your profitability, especially for high-volume traders.

 

Both exchanges offer incentives to reduce trading costs. MEXC provides a 10% fee discount when you hold MX tokens in your account. Bitget may offer similar discounts or bonuses, but specific details weren’t available in the search results.

Deposit fees are generally accessible on both platforms. Withdrawal fees vary depending on the cryptocurrency and network used. It’s crucial to check the current fee schedule before making withdrawals.

Here’s a quick comparison of futures trading fees:

Exchange	Maker Fee	Taker Fee
Bitget	0.02%	0.06%
MEXC	0%	0.03%

Remember that these fees can change based on your trading volume or user level. Always verify the current fee structure on each platform before trading.

 

Bitget vs MEXC: Deposits & Withdrawal Options

Bitget and MEXC offer various deposit and withdrawal options to cater to user preferences.

MEXC supports multiple cryptocurrencies and several fiat currencies. You can deposit funds using bank transfers, credit/debit cards, and popular payment processors.

Bitget also accepts crypto deposits and provides fiat on-ramps through third-party providers.

Both exchanges allow crypto withdrawals to external wallets. MEXC typically processes withdrawals within 30 minutes, while Bitget also aims for quick processing times.

Minimum deposit and withdrawal amounts vary by currency on both platforms. MEXC may have lower minimums for some assets, enhancing accessibility for smaller traders.

Maximum withdrawal limits depend on your account verification level. Higher-tier accounts generally enjoy increased limits on both exchanges.

Fees for deposits and withdrawals can differ:

• MEXC often offers free crypto deposits
• Bitget may charge small network fees for some crypto deposits
• Withdrawal fees vary by asset but are generally competitive on both platforms

When choosing between Bitget and MEXC, consider the following:

• Supported currencies for your preferred trading pairs
• Available payment methods in your region
• Processing times for your typical transaction amounts
• Fee structures that align with your trading volume and frequency

 

Bitget vs MEXC: Native Token Usage

Both Bitget and MEXC have native tokens, offering unique user benefits within their ecosystems.

Bitget’s native token is BGB. As a BGB holder, you can enjoy reduced trading fees on the platform. The more BGB you hold, the lower your fees become.

MEXC’s native token is MX. Like BGB, holding MX grants you discounts on trading fees—the discount rate increases with the amount of MX in your account.

BGB provides additional utilities on Bitget:

• Participation in new token listings
• Access to exclusive events and airdrops
• Voting rights in platform governance decisions

MX offers these benefits on MEXC:

• Staking rewards
• Priority access to new projects
• Cashback on trading fees

Both tokens can be traded against other cryptocurrencies on their respective platforms. You can also earn these tokens through various promotional activities and trading competitions hosted by each exchange.

By leveraging these native tokens, you can potentially enhance your trading experience and reduce costs on either platform.

 

Bitget vs MEXC: KYC Requirements & KYC Limits

Bitget and MEXC offer different approaches to Know Your Customer (KYC) requirements, impacting user privacy and trading limits.

MEXC allows you to trade without mandatory KYC verification. You can withdraw up to 5 BTC daily without completing the verification process. This provides anonymity for users who prefer not to share personal information.

Bitget, on the other hand, implements a simple but mandatory KYC process. While this may seem less privacy-friendly, it enhances the platform’s security and helps prevent fraudulent activities.

For higher withdrawal limits on MEXC, you’ll need to complete KYC verification. The process typically involves submitting identification documents and proof of address.

Bitget’s KYC procedure is similar, requiring document submission to access increased limits and enhanced account security features.

Both exchanges offer tiered verification levels. As you progress through these levels, you’ll gain access to higher deposit and withdrawal limits and additional trading features.

Here’s a quick comparison of KYC limits:

Exchange	Non-KYC Withdrawal Limit	KYC Required For
MEXC	5 BTC daily	Higher limits
Bitget	Limited	All users

Consider your privacy preferences and trading needs when choosing between these exchanges. MEXC offers more flexibility for those seeking anonymity, while Bitget prioritizes security through mandatory verification.

 

Bitget vs MEXC: User Experience

Bitget and MEXC offer distinct user experiences on their web and mobile platforms. Both exchanges prioritize user-friendly interfaces but with different approaches.

 

Bitget’s web interface features a clean, modern design. You’ll find essential functions easily accessible from the main dashboard. The layout is intuitive, with clear navigation menus and quick access to trading pairs.

MEXC’s web platform has a more traditional exchange look. It provides a comprehensive overview of markets and trading options on the homepage. While feature-rich, new users might find the interface slightly busier than Bitget’s.

 

On mobile, Bitget’s app offers a streamlined experience. You can quickly place trades, manage your portfolio, and access key features with just a few taps. The app’s responsiveness and smooth performance stand out.

MEXC’s mobile app packs many features into a compact interface. It provides robust trading tools and market data, but the learning curve may be steeper for beginners.

Both exchanges offer:

• Real-time price charts
• Order book displays
• Multiple order types
• Portfolio tracking

Bitget emphasizes copy trading functionality, making it prominent in web and mobile interfaces. MEXC focuses on providing a wide range of trading options and tools across its platforms.

Speed and reliability are comparable on both exchanges, with quick order execution and stable performance during high-volume periods.

 

Bitget vs MEXC: Order Types

When trading on Bitget or MEXC, you can access various order types to execute your strategies and manage risk effectively. Both exchanges offer essential order types to cater to different trading needs.

On MEXC, you can place market orders to buy or sell immediately at the best available price. Limit orders allow you to set a specific price for your trades.

Bitget provides similar basic order types, including market and limit orders. Additionally, you can use stop orders to execute trades when prices reach certain levels automatically.

Both platforms support post-only orders, which ensure your order is added to the order book without immediately executing. This helps you avoid paying taker fees.

For risk management, MEXC and Bitget offer reduce-only orders. These prevent you from increasing your position size, which is helpful in closing positions gradually.

Conditional orders are available on both exchanges, letting you set up complex trading scenarios based on market conditions.

MEXC provides a trailing stop order, which adjusts the stop price as the market moves in your favor. This helps you lock in profits while allowing for potential further gains.

Bitget offers a unique “one-cancel-the-other” (OCO) order type, combining limit and stop orders. This allows you to set both a take-profit and stop-loss simultaneously.

Understanding and utilizing these order types can enhance your trading flexibility and better control your risk on both MEXC and Bitget.

 

Bitget vs MEXC: Security Measures & Reliability

Both Bitget and MEXC prioritize user security through robust measures. Bitget employs multi-signature cold wallets to store most user funds offline. They also use two-factor authentication (2FA) and advanced encryption for data protection.

MEXC implements a multi-layer security system, including cold storage for assets and regular security audits. Their platform features risk control mechanisms to detect unusual activities.

Bitget has faced some challenges, including a temporary suspension in Singapore in 2021. They quickly addressed regulatory concerns and resumed operations.

MEXC has maintained a relatively clean security record. They’ve successfully handled high trading volumes without significant incidents.

Both exchanges offer insurance funds to protect users against potential losses. Bitget’s protection fund exceeds $300 million, while MEXC’s fund covers up to $5 million per user.

Key security features:

• Cold wallet storage
• 2FA
• Encryption
• Regular audits
• Insurance funds

You should enable all available security features when using either platform. This includes setting up strong passwords and utilizing 2FA for added protection.

Before choosing an exchange, remember to research current security practices and any recent incidents. Both Bitget and MEXC continuously update their security measures to address emerging threats.

 

Bitget vs. MEXC: Insurance Fund

Bitget takes a strong stance on trader protection with its substantial insurance fund. This fund acts as a safety net against auto-deleveraging in traders’ positions.

When traders’ accounts can’t cover losses, Bitget’s insurance fund covers the deficits. This provides an extra layer of security for your trades, especially in volatile market conditions.

MEXC also offers an insurance fund, but details about its size and specific protections are less readily available. This makes it challenging to compare the two exchanges using this feature.

Bitget’s commitment to a robust insurance fund may give you more peace of mind when trading on their platform. It demonstrates their focus on risk management and user protection.

However, it’s important to note that the presence of an insurance fund doesn’t eliminate all trading risks. You should still practice caution and use proper risk management strategies when trading on either platform.

Consider your risk tolerance and trading style when evaluating the importance of an exchange’s insurance fund. A robust insurance fund like Bitget’s might particularly appeal to high-volume or leveraged traders.

 

Bitget vs MEXC: Customer Support

When choosing between Bitget and MEXC, customer support is a crucial factor to consider. Both exchanges offer assistance, but their approaches differ slightly.

Bitget provides 24/7 customer support through live chat. You can expect quick response times, which is beneficial when you need immediate help with trading issues or account-related queries.

MEXC offers round-the-clock support, but their response times may be slightly longer than Bitget’s. They assist various channels, including email and social media platforms.

Both exchanges offer extensive FAQ sections and help centers. These resources can be valuable for answering common questions without contacting support directly.

Bitget’s customer support team is known for being more responsive and efficient. You’ll likely experience shorter wait times and potentially faster issue resolution.

MEXC’s support, while reliable, may have moderate wait times. However, they compensate with a robust educational framework to help you find solutions independently.

In terms of language support, both exchanges cater to a global audience. You’ll find assistance in multiple languages, making it easier to communicate your concerns effectively.

Remember that your experience may vary depending on the complexity of your issue and the current support volume. It’s always a good idea to check recent user reviews for the most up-to-date information on customer support quality.

 

Bitget vs. MEXC: Regulatory Compliance

Bitget and MEXC operate in a complex regulatory landscape. Neither exchange is directly regulated by a significant financial authority as of 2024.

Bitget has taken steps to enhance its compliance. They’ve obtained licenses in several jurisdictions, including Australia and the United States. They’ve also implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

MEXC, while not directly regulated, adheres to industry standards. They’ve implemented security measures and compliance protocols to create a safer user trading environment.

Both exchanges face ongoing challenges in navigating evolving cryptocurrency regulations worldwide. They must adapt to changing rules across different countries and regions.

You should know that the lack of direct regulation may pose some risks. It’s essential to exercise caution and conduct your research before using either platform.

Despite these challenges, both Bitget and MEXC strive to maintain transparency. They regularly update their terms of service and communicate policy changes to users.

Review the latest regulatory information for both exchanges before making any trading decisions. The cryptocurrency landscape is dynamic, and compliance statuses can change rapidly.

 

Conclusion

Bitget and MEXC cater to different types of traders. Bitget is ideal for beginners and intermediate traders, offering a user-friendly platform, transparent fees, and robust tools.

MEXC appeals to experienced traders with its wide range of digital assets and advanced features, making it perfect for those seeking more cryptocurrency variety.

If you’re new to trading, Bitget’s intuitive interface and copy trading feature offers a simple way to get started.

MEXC’s competitive fees and broad asset selection make it a great choice for seasoned traders looking to diversify or access advanced options.

Consider your experience, goals, and preferred assets when deciding. Always review each platform’s features, fees, and security to make an informed choice.