Binance vs MEXC
MEXC is cheaper on spot taker fees (0.05% against 0.1%). Neither accepts US residents.
| Binance | MEXC | |
|---|---|---|
| Founded | 2017 | 2018 |
| Headquarters | Cayman Islands | Seychelles |
| Spot maker fee | 0.1% | 0% |
| Spot taker fee | 0.1% | 0.05% |
| Futures maker fee | 0.02% | 0% |
| Futures taker fee | 0.05% | 0.02% |
| KYC | Required | Optional at low limits |
| Accepts US residents | No | No |
| Fiat methods | Bank transfer, Card, P2P | P2P, Card, Third-party providers |
Base-tier fees, checked 2026-09-14.
Binance is stronger on
- Deepest liquidity of any venue
- Largest coin selection
- Lowest futures fees at base tier
Its weaknesses
- Unavailable in several major markets
- Regulatory settlements in multiple jurisdictions
- Support is hard to reach at the free tier
MEXC is stronger on
- Among the lowest published fees anywhere
- Enormous listing count, often first to list
- Trading without full KYC at low limits
Its weaknesses
- Many listings are extremely illiquid
- Reports of account freezes during withdrawal reviews
- Little regulatory oversight
Which one
Fee differences at this scale matter far less than most comparisons imply. On a $1,000 trade the gap between 0.1% and 0.05% is $0.5 — smaller than the spread you will pay on anything outside the top twenty coins. What actually decides it is whether the exchange serves your country, whether it supports the deposit method you can use, and whether the pairs you want have real liquidity there.
Check the numbers for your own trade size in the fee calculator, and confirm availability in the country matrix before opening an account.