In this article, I will examine Bybit vs MEXC: Which Exchange is Better? For cryptocurrency traders, whether they are beginners or professionals, selecting an appropriate exchange is of utmost importance.
Each of Bybit and MEXC provides different and appealing characteristics, trading possibilities, and protective tactics. Understanding the differences, and the advantages and disadvantages of each will assist in deciding which platform will fit your trading objectives.
Overview of Bybit and MEXC
launched in 2018 and is located in Dubai. It is one of the biggest exchanges in the world, becoming one of the largest in the world. In Mid 2023, Bybit had more than 76 million customers in more than 200 countries.
That year, customers had access to the whole range of Bybit services like spot trading, derivatives, options, and even a Web3 Wallet.
Other services and features offered are advanced trading tools, Web3 wallets, and top level security. Bybit customers love the security features offered on the wallets and trading tools.
launched 2018 and located in Seychelles, has a customer base of more than 40 million customers in 170+ countries.
That year, MEXC customers had access to a huge range of services like spot trading, futures, margin trading, staking, and even launching pads for new tokens.
MEXC customers know and love the platform for its huge list of supported crypto, low trading and margin fees.
Those services are integrated and automatically offered on the exchange to clients in the trading world. MEXC became the favorite in the industry and has a highly regarded fee structure.
Bybit vs MEXC: Exchange Comparison
| Feature | Bybit | MEXC |
|---|---|---|
| Founded | 2018 (Dubai, UAE) | 2018 (Seychelles) |
| Global Users | Over 76 million across 200+ countries | Over 40 million across 170+ countries |
| Supported Coins | 650+ | 2,700+ |
| Trading Pairs | 1,100+ | 3,000+ |
| Spot Trading Fees | 0.10% maker / 0.10% taker (discounts available with BGB token) | 0% maker / 0.05% taker (up to 50% discount with MX token) |
| Futures Trading Fees | 0.02% maker / 0.06% taker | 0% maker / 0.020% taker |
| Leverage Options | Up to 100x | Up to 400x |
| KYC Requirement | Mandatory for all users | Not mandatory |
| Security Features | Cold storage, 2FA, Proof of Reserves, insurance fund | Cold storage, 2FA, Proof of Reserves, insurance fund |
| Unique Features | NFT marketplace, Web3 wallet, copy trading across crypto, FX, and gold pairs | M-Day events, Launchpad, Kickstarter, MX token airdrops, copy trading for futures only |
| Regulatory Compliance | Licenses in Estonia, Australia, Kazakhstan, Dubai | Licenses in Estonia, Australia, Kazakhstan, Dubai |
| Mobile App Rating | 4.5/5 (iOS), 4.6/5 (Android) | 4.4/5 (iOS), 4.5/5 (Android) |
Trading Fees and Costs
MEXC:
Comparing trading fees between MEXC and Bybit, MEXC prices are generally better. MEXC has spot trading fees starting at 0.05% and the fees for futures trading start at 0.01% for some pairs. MEXC has zero-fee conversion as well, and you can use it to convert 2,300 coins without using the order book.
Bybit:
Bybit has a 0.02% maker and 0.055% taker fees for spot trades. Bybit’s fees, while more competitive than MEXC’s, come without the zero fee swapping order book between coins. Fee transparency and trading cost promotions help cost competition on Bybit.
Security Measures
Bybit:
Due to the nature of the cryptocurrency industry, utmost security is always needed. Both exchanges have security cases to defend your assets.
Bybit protects your assets with multiple security systems including, cold, warm, hot, and fireblock and copper custodian wallets. Also, the cold and warm wallets undergo consistent third-party proof-of-reserve audits to ensure liabilities are maintained above a 1:1 ratio.
MEXC:
MEXC is said to have an insurance fund of over $526 million, and user funds are protected with AI-enabled automated risk control systems. Additionally, proof of reserves audits are conducted multiple times a month.
In spite of the security in place, the industry challenges in the crypto space remain evident. MEXC has openly stated the safety of users funds as their other records indicate.
Yet, in February 2025, bybit lost 1.5 billion worth of ethereum due to a security lapse in bybit when a 3rd party wallet provider was stolen
User Experience and Interface
MEXC offers a user-friendly interface with a focus on simplicity, making it accessible for beginners. Its mobile app is well-rated, providing users with the flexibility to trade on the go.
Bybit provides a sleek, intuitive platform with advanced charting tools, customizable layouts, and a responsive mobile app. The platform’s design caters to both beginners and professional traders, offering a seamless trading experience across devices
Which platform is better for token launches and new projects?
Traders on MEXC get the chance to access new cryptocurrencies earlier than those on other exchanges. MEXC offers access to new cryptocurrencies through token launchpads and specially designated M-Day events.
Users have the chance to get involved with new projects prior to major exchanges and gain access to valuable and potentially game-changing new blockchain tokens. Participants have the chance to earn lucrative profits.
Bybit vs MEXC: Pros & Cons
| Feature | Bybit | MEXC |
|---|---|---|
| Pros | ||
| Trading Tools | Advanced charting, derivatives, options, and NFT marketplace. | Extensive crypto selection, zero maker fees, and early access to new tokens. |
| Liquidity | Deep liquidity, especially in major pairs. | High liquidity across numerous altcoins and trading pairs. |
| Security | Multi-layered security with cold storage and Proof-of-Reserves audits. | Strong security measures with a $526 million insurance fund and bi-monthly proof of reserves. |
| Mobile Experience | Sleek, intuitive platform with a responsive mobile app. | User-friendly interface with a well-rated mobile app. |
| Cons | ||
| KYC Requirements | Mandatory for all users. | Not mandatory in certain regions; however, this may vary based on jurisdiction and regulatory requirements. |
| Security Incident | Experienced a significant security breach in 2025, resulting in the theft of approximately $1.5 billion worth of Ethereum. | No major security incidents reported. |
| User Support | Reports of slower response times and less engagement compared to MEXC. | 24/7 customer support with live chat, email, and social media platforms; proactive community engagement. |
| Fiat Support | Supports over 65 fiat currencies for deposits. | Limited fiat withdrawal options; primarily crypto-to-crypto transactions. |
Conclusion
In conclusion, Bybit excels in advanced trading tools, deep liquidity, and DeFi/NFT features, making it ideal for professional traders.
MEXC, on the other hand, offers lower fees, a wider range of cryptocurrencies, and early access to new tokens, making it suitable for beginners and cost-conscious traders. Your choice depends on trading goals and priorities.
FAQ
MEXC generally offers lower fees, with 0% maker and 0.05% taker fees for spot trading, compared to Bybit’s 0.10% fees.
MEXC supports over 2,700 coins, while Bybit offers around 650+ cryptocurrencies.
Choose Bybit for advanced trading, liquidity, and DeFi features. Choose MEXC for low fees, wide coin selection, and beginner-friendly trading.
MEXC is ideal for participating in token launchpads and M-Day events, giving early access to new cryptocurrencies.
Bybit requires mandatory KYC, whereas MEXC allows trading without KYC in certain regions (depending on local regulations).
