Bybit vs Mexc: Which is Better?
Bybit and MEXC are both popular cryptocurrency exchanges offering spot and derivatives trading. While Bybit is known for its low trading fees, deep liquidity, and user-friendly interface, MEXC stands out with more listed cryptocurrencies, higher leverage, and zero-fee spot trading.
This comparison will help you decide which platform is better based on fees, security, trading options, and overall experience.
1. Overview of Bybit and MEXC
Bybit Overview
- Founded: 2018
- Best For: Derivatives traders, low trading fees, liquidity
- Features: Futures trading (up to 100x leverage), Copy Trading, options
- Supported Cryptos: 350+
- Trading Fees: 0.1% (spot), 0.01%-0.06% (futures)
- Fiat Deposits: Limited options
- Security: Cold storage, 2FA
- User Experience: Beginner-friendly
MEXC Overview
- Founded: 2018
- Best For: Altcoin trading, high-leverage derivatives
- Features: Spot trading (zero trading fees), Futures (up to 200x leverage), Launchpad
- Supported Cryptos: 1600+
- Trading Fees: 0% (spot), 0.02%/0.06% (futures)
- Fiat Deposits: Credit card, P2P, bank transfers
- Security: Cold storage, 2FA
- User Experience: Complex for beginners
2. Key Differences Between Bybit and MEXC
| Feature | Bybit | MEXC |
|---|---|---|
| Best For | Low fees, derivatives traders | Altcoin trading, high-leverage futures |
| Trading Options | Spot, Futures, Copy Trading, Options | Spot, Futures, ETF trading, Staking |
| Leverage | Up to 100x | Up to 200x |
| Supported Cryptos | 350+ | 1600+ |
| Trading Fees | 0.1% (spot), 0.01%-0.06% (futures) | 0% (spot), 0.02%-0.06% (futures) |
| Deposit Methods | Crypto, limited fiat | Crypto, credit card, P2P, bank transfer |
| Security | Cold storage, 2FA | Cold storage, 2FA, insurance fund |
| Passive Income | Limited staking | Staking, lending, MEXC Earn |
| Customer Support | 24/7 live chat | 24/7 live chat |
| Ease of Use | Beginner-friendly | More complex, better for experienced traders |
3. Pros and Cons of Bybit and MEXC
✅ Pros of Bybit
✔ Low trading fees on spot and futures.
✔ User-friendly interface, ideal for beginners.
✔ Deep liquidity, ensuring smooth trades.
✔ Better security reputation than MEXC.
❌ Cons of Bybit
✘ Limited cryptocurrency selection (compared to MEXC).
✘ Fewer fiat deposit options.
✘ Not available in some regions (e.g., the U.S.).
✅ Pros of MEXC
✔ Zero-fee spot trading, making it cheaper.
✔ 1600+ cryptocurrencies, better for altcoin investors.
✔ Higher leverage (up to 200x) for futures traders.
✔ Multiple fiat deposit options, including P2P and credit card.
❌ Cons of MEXC
✘ Complex interface, not beginner-friendly.
✘ Higher risk due to extreme leverage (200x).
✘ Security concerns, as it’s less regulated than Bybit.
4. Which One is Better?
✅ Choose Bybit if:
- You want a simpler and more secure trading experience.
- You prefer low trading fees and deep liquidity.
- You’re new to trading and need an easy-to-use platform.
✅ Choose MEXC if:
- You want zero-fee spot trading and access to 1600+ altcoins.
- You’re an experienced trader looking for higher leverage (200x).
- You need more fiat deposit options (P2P, credit card, etc.).
5. Conclusion
Bybit is better for traders who prioritize security, low fees, and a beginner-friendly interface.
MEXC is better for traders looking for more altcoins, zero-fee trading, and extreme leverage.
Would you like a deeper comparison on a specific feature? 😊