Bybit vs MEXC: Features, Futures & Fees

Bybit vs MEXC Overview

Bybit is a popular crypto exchange with a wide range of 1,400 digital assets for spot, derivatives, options trading with up to 200x leverage. It has over 51 million users in 160+ countries, provides multilingual customer support and the interface is accessible in 22 languages. The platform also provides copy trading, a demo account, NFT marketplace, trading bots and a crypto Visa card.

MEXC, while smaller in its user outreach with only 10 million registered users, provides a strong trading environment with more than 2,800 spot and 480 futures pairs. It has some of the lowest fees in the market, with makers enjoying zero fees and takers charged just 0% for makers and as low as 0.01% for takers. The platform is also big on airdrop rewards. 

Check out the comparison table below for a side-by-side look at how Bybit and MEXC stack up on features.

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Bybit vs MEXC Products

Bybit and MEXC are two major crypto exchanges offering a wide range of products and services beyond traditional crypto trading. Let’s compare what each platform brings to the table.

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Bybit Features

Bybit is known for its strong liquidity, high-leverage trading options, and additional tools aimed at enhancing the trading experience:

1. Spot & Futures Trading: Bybit allows users to trade over 1,400 digital assets on spot and futures markets with up to 200x leverage.
2. Earn Products: Users can earn interest on their crypto assets through various staking options, including Bybit Savings, ETH 2.0, Liquidity Mining and Dual Asset. It offers both flexible and fixed terms with attractive yields up to 230% APY.
3. Copy Trading & Trading Bots: It offers automated trading options, enabling users to replicate successful traders' strategies or use bots for more hands-off trading.
4. Bybit Card: With the Bybit Mastercard, users can convert their crypto to fiat and spend it at millions of merchants worldwide that accept card payments.
5. Launchpad: The Launchpad feature provides early access to new token offerings, allowing users to invest in upcoming projects through token sales.
6. NFT Marketplace: Bybit also features an NFT marketplace, enabling users to buy, sell, and trade thousands of non-fungible tokens alongside their crypto investments.

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MEXC Features

MEXC has extensive token listings and low fees, offering a broad range of features and trading options, including:

1. Extensive Token Listings: MEXC provides access to over 2,800 cryptocurrencies, giving users one of the largest selections available in the market.
2. Staking Services: The platform lets users stake various assets through Savings, Simple Earn and New Token Mining. The yields vary between 0.5% - 45% depending on the staking term.
3. Futures & Leverage: It supports futures trading with leverage up to 200x, offering traders flexibility in their investment strategies. This includes both perpetual futures settled in USDT and Coin-M.
4. Airdrops & Rewards: There are regular airdrop events, giving users the opportunity to earn tokens simply by participating in community activities, such as depositing funds.
5. Copy Trading & Bots: It provides copy trading tools and automated bots, making it easy for users to follow over 400,000 professional traders with their PnL displayed.
6. Mobile App: The exchange can be used on both desktop and mobile devices. The app is compatible with Apple and Android devices, allowing users to access their accounts whenever.

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Bybit vs MEXC Futures Trading

Bybit and MEXC are both leaders in crypto futures and derivatives trading, but they target slightly different user needs. Bybit has an extensive offering of over 400 contracts and leverage options up to 200x. It has an impressive 99.99% server uptime and offers demo trading, allowing users to practice strategies without risking real funds, along with tools like trading bots and copy trading.

MEXC specializes in futures trading with leverage up to 200x and a broad selection of over 480 futures pairs, which can be settled in both USDT and coins. Additional services like copy trading enable users to replicate the trades of experienced traders and monitor their profit and loss.

While both platforms offer advanced tools, Bybit is a great choice for those who want flexible trading features, whereas MEXC has better token variety and a competitive fee structure.

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Bybit vs MEXC Security

Both platforms place a high priority on security. Bybit operates under the oversight of multiple regulatory bodies, such as CySEC in Europe and VARA in Dubai. It maintains full transparency with its users by upholding a 1:1 reserve ratio and stores the majority of its assets in cold wallets.

MEXC also provides transparent proof of reserves, which lets users verify their assets are backed up. Its assets are stored securely in cold wallets, and it uses multi-factor authentication (MFA) to protect user accounts. However, its regulatory framework is less clear, and it operates more independently from traditional oversight with an Estonian MTR license.

Both exchanges prioritize asset protection, but Bybit has global regulatory compliance and transparent reserve practices, while MEXC is less regulated. Although it holds an Estonian MTR license, but it is not licensed in other countries.

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‍Bybit vs MEXC Fees Schedule

Fees play a big role in choosing the right crypto exchange, so let’s see how Bybit and MEXC compare when it comes to costs and VIP benefits.

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Bybit Fees:

Bybit is known for its competitive fee structure and incentives for high-volume traders. Here’s the breakdown:

• Spot Trading Fees: Bybit charges 0.1% for both makers and takers. VIP users, however, can enjoy discounts, with top traders paying as low as 0.015% for makers and 0.005% for takers.
• Futures Maker Fees: These start at 0.02%, with VIP users potentially paying 0% depending on their tier.
• Futures Taker Fees: Range from 0.055% to 0.018%, again depending on VIP status.

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MEXC Fees:

MEXC is another exchange with a highly competitive fee structure, offering some of the lowest fees in the market:

• Spot Trading Fees: MEXC offers 0% fees for makers and a low 0.01% - 0.02% fee for takers.
• Futures Trading Fees: MEXC futures trading comes with fees starting as low as 0.02% for makers and 0.03% for takers. VIP traders can enjoy even further reductions, with zero fees for makers at the highest levels.

While both exchanges have attractive fee schedules, MEXC has some of the lowest fees for spot trading, especially with its 0% maker fee. Bybit is also a good choice for traders who plan to take advantage of the futures market and VIP perks to reduce costs further.

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Bottom Line

In conclusion, both Bybit and MEXC offer great options for crypto traders. Bybit is great for those who want advanced futures trading, strong security, and features like NFTs and a crypto card. MEXC is better for those who want a huge range of tokens, low fees, and access to airdrops. Your choice depends on what you’re after, but Bybit is the better overall option.