MEXC vs. Bybit Comparison (2025): Fees, Features, and More
- Cryptomonaie
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MEXC and Bybit are top centralized cryptocurrency exchanges offering beginners and experienced users various tools for trading crypto with low fees. While these exchanges have a lot in common, they also have features that they are most popular for, differentiating one exchange from the other.
MEXC is most popular for its extensive cryptocurrency support and for offering users the choice to trade without KYC. On the other hand, Bybit is popular for its user-friendly interface and strong support for derivatives trading.
It can be difficult to determine which exchange is best for you, considering that both have great features and robust security measures. Therefore, in this Bybit vs MEXC review, we will discuss everything you need to know about the two exchanges by comparing their fees, top features, supported coins, and KYC requirements.
By the end, you will have a clear understanding of the differences between Bybit vs MEXC and which exchange best suits your trading needs. Let’s dive in!
MEXC vs Bybit: Overview Comparison
The key differences between MEXC and Bybit are their fees, specific features, number of cryptocurrencies listed, and their KYC verification requirements. For fees, MEXC futures and spot trading fees are lower than those of Bybit, even though Bybit also has incredibly low fees.
Secondly, both crypto exchanges have a lot of features in common, including a mobile app for on-the-go trading, advanced charting tools, copy trading, a demo trading feature, a token launchpad, futures and spot trading, and more. However, they also have features that set them apart.
For instance, Bybit has an NFT marketplace and a Web3 wallet, but MEXC does not. Also, Bybit’s copy trading platform supports trading of crypto (derivatives pairs), Gold, and FX pairs, while MEXC copy trading only allows users to trade futures contracts. Aside from fees, MEXC supports more cryptocurrencies than Bybit, and KYC is not mandatory on MEXC.
The table below highlights the key differences between MEXC and Bybit to help you compare the crypto exchanges side by side.
| Exchange | MEXC | Bybit |
| Headquarters | Mahe, Seychelles | Dubai, United Arab Emirates |
| Year Established | 2018 | 2018 |
| Key Features | MEXC Futures M-Day, Copy Trading, MEXC Launchpad and Kickstarter, and MEXC Token Airdrops. | Bybit Launchpad, Copy Trading, Bybit Card, and Bybit NFTs Marketplace. |
| Supported Cryptocurrencies | 2,700+ cryptocurrencies | 650+ cryptocurrencies |
| Trading Pairs | 3,000+ pairs | 1,100+ pairs |
| Trading Fees | 0.00% for maker fees
0.05% for taker fees. |
0.10% for maker fees
0.10% for taker fee |
| Security Measures | 2FA, SSL encryption, cold storage for funds, and proof-of-reserves, cold storage for crypto, and address whitelisting. | Two Factor Authentication (2FA), login and withdrawal confirmation, cold storage, IP whitelisting, and a bug bounty program. |
| KYC Requirements | Optional | Mandatory |
| P2P Trading | Yes | Yes |
| Margin Trading | Yes (200x leverage) | Yes (100x leverage) |
| OTC Trading | Yes | Yes |
| NFT Marketplace | No | Yes |
| Deposit Method | Cryptocurrency, third party services, SEPA Bank transfers. | Cryptocurrency and local payment methods (fiat deposits – not all fiat currencies available). |
| Earn Services | Launchpad projects, M-day airdrops, MX-DeFi, Staking, ETH 2.0 Staking, and more. | Fixed savings, DeFi Staking Pool, high yield staking, liquidity mining. |
| Location Restrictions | It is not available in the United States, North Korea, Canada, and a few other countries. | Not available in the United States, Canada, Singapore, France, etc. |
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What are the Fees of MEXC vs Bybit?
The fees of MEXC and Bybit are trading fees, deposit fees and withdrawal fees, and futures fees. Below is a comparison of MEXC and Bybit fees, along with a breakdown of the withdrawal limits of the two cryptocurrency exchanges.
MEXC vs. Bybit: Trading Fees
For spot trading, MEXC allows makers to trade for zero fees and charges 0.05% for takers.
Takers can reduce their trading fees by doing any of the following:
- MX Deduction: You will receive a 20% discount if you pay fees using MX, MEXC’s native token.
- Hold MX: Hold at least 500 MX within 24 hours for a 50% discount.
- Special Trading Pairs: MEXC offers special trading pairs with zero fees for makers and takers. These pairs change often, so you will have to check the exchange’s fee structure page to determine what pairs are available.
Bybit also follows the maker and taker fee structure, with fees for makers and takers set at 0.1% on spot trading pairs. You can also reduce fees with a high 30-day trading volume. Bybit also charges a funding fee, which is the cost of holding a position open for a certain period. This fee is based on the interest rate and the demand for the asset in the market.
MEXC vs Bybit: Deposit and Withdrawal Fees
MEXC and Bybit do not charge fees for crypto deposits. For withdrawals on MEXC and Bybit, fees vary depending on the cryptocurrency you wish to withdraw, with some going for free. Here’s an overview of MEXC and Bybit withdrawal fees for various cryptocurrencies.
| Cryptocurrency | MEXC | Bybit |
| Tether USDT | 0.03 | BSC (BEP20) – 1
Ethereum (ERC20) – 8 TON – 0.3 |
| USDC | ERC20 – 0.82 | BEP20 – 0.2
ERC20 – 5 SOL – 1 |
| Bitcoin (BTC) | 0.00001 | 0.00011 |
| Ethereum | ERC20 – 0.86 | ERC20 – 0.0015
Arbitrum One – 0.00004 BEP20 – 0.0002 |
| Solana (SOL) | 0.5 | 0.008 |
| Ripple (XRP) | 0.187 | 0.2 |
| AAVE (ERC20) | 0.01 | 0.025 |
| TRX TRON (TRC20) | 1 | 1 |
Note: Bybit does not charge withdrawal fees for internal transfers, i.e, transfers from one Bybit wallet address to another. However, withdrawal fees on MEXC and Bybit change over time and are charged according to the chain and current network conditions. Please always check the most updated MEXC and Bybit fees when making a withdrawal.
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Differences in Withdrawal Limits Between MEXC vs Bybit
Here are the differences in withdrawal limits between MEXC and Bybit:
MEXC Withdrawal Limits:
- No KYC: Up to 10 BTC equivalent per day.
- Primary KYC: Up to 80 BTC per day.
- Advanced KYC: Up to 200 BTC per day.
- Institutional KYC: Up to 400 equivalent BTC per day.
Bybit Withdrawal Limits:
- Non-KYC: Up to 20,000 USDT per day.
- Individual KYC (Standard): Up to 1 million USDT per day.
- Individual KYC (Advanced/Pro): Up to 2 million USDT per day.
MEXC vs. Bybit: Futures Fees
MEXC maker fees for futures contracts are 0%, and taker fees are set at 0.02%. To further reduce the trading fees, you can hold MX positions above 500 over the last 24 hours, giving you a 50% discount on futures trading costs.
You can also enjoy 20% off trading fees when you transfer MX into your futures account, which offsets USDT-margined futures trading costs. Alternatively, you can trade MEXC special trading pairs with 0% trading fees.
On the other hand, Bybit charges 0.055% for taker fees and 0.02% for maker fees on each futures trading pair. Like Bybit spot trading, futures traders can also get fee discounts when their 30-day trading volume increases.
Bybit Exchange also charges a 0.05% settlement fee on the market order value when a futures position is automatically settled at expiration if the trader does not close it manually.
What are the Top Features of MEXC vs. Bybit?
MEXC key features are listed below:
- MEXC Futures M-Day: Futures M-Day is a promotional event that encourages users to participate in special token listing events on MEXC. Participants can receive airdrops as rewards for trading in a particular digital asset.
- Copy Trading: Unlike Bybit, which supports copy trading for spot and futures markets, MEXC only allows users to automatically copy the trades of experienced users in the futures markets. You can select active crypto traders based on their track record and performance metrics, such as return on investment (ROI), 7-day win rate, and profit and loss (PNL).
- MEXC Launchpad and Kickstarter: MEXC Launchpad allows new crypto projects to raise funding by offering users early access to invest in these tokens before they launch. Similarly, the Kickstarter event supports new projects during their pre-launch phase. MEXC users can participate by voting for their favorite Blockchain projects, and successful votes earn them free rewards and token airdrops.
- MEXC Token Airdrops: MEXC hosts token airdrops, which allow traders to earn rewards by completing simple tasks. To ensure all users have a good trading experience, MEXC allows traders to access and participate in airdrop campaigns through the “Token Airdrop” page.
Bybit’s key features are listed below:
- Bybit Launchpad: The Launchpad provides traders with early access to new and pre-listed tokens from promising projects. Users can participate in Launchpad events on the exchange by committing either Mantle (MNT) or USDT to earn allocations of new tokens.
- Bybit Copy Trading: Bybit users can follow and copy the trading strategy of one or more experienced traders on the platform. Unlike MEXC, which supports only futures copy trading for crypto, Bybit allows users to copy crypto, Gold, and FX trades from more advanced traders.
Once you decide to follow a trader, you can either copy the exact trading strategy of the lead trader or customize some settings based on the amount you want to invest and your risk tolerance level. To help users make informed decisions, Bybit allows them to select their preferred seasoned traders based on their past performance and other parameters.
- Bybit Card: The Bybit Card is a MasterCard debit card that converts crypto to fiat currencies, allowing you to spend at over 90 million merchants globally. The card is connected to your Bybit account, making it easy to complete transactions anywhere. However, it is only available to crypto traders in countries in the EEA (except Croatia, Iceland, Ireland, Liechtenstein, and Romania) or the UK.
- Bybit NFTs Marketplace: Bybit has an NFT Marketplace for users to mint, showcase, and trade non-fungible tokens (NFTs). Bybit users can browse, list, buy, and sell NFTs and join upcoming events. This is another advantage Bybit has over MEXC.
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What are the Supported Coins of MEXC vs. Bybit?
MEXC supports over 2,700 cryptocurrencies, while Bybit supports 650+ cryptocurrencies. For traders who want a wide range of crypto selection, the better crypto exchange is MEXC.
How do MEXC vs. Bybit’s KYC Requirements Differ?
MEXC and Bybit have different KYC requirements:
MEXC KYC Requirements
Offers optional KYC, allowing traders to sign in and trade on spot and futures markets without verification. However, unverified users have withdrawal limits of the equivalent of 10 BTC daily.
But, if you want to increase your withdrawal limit, MEXC offers two main levels: Primary and Advanced verification. Primary KYC requires a government-issued ID, while Advanced KYC includes facial recognition alongside other documents.
Bybit KYC Requirements
Completing KYC on Bybit is mandatory. The exchange requires users to complete any of the three levels of verification: Standard, Advanced/Pro, and Business. Without this verification, the exchange’s products and services will not be available to you.
MEXC vs. Bybit: Which Exchange is Right for You?
MEXC is best suited for:
- Traders Who Want a Wide Range of Crypto Support: MEXC offers an intuitive interface and lists over 2,700 cryptocurrencies and 3,000+ pairs. So, if you need an exchange with extensive crypto support or want to trade smaller altcoins not listed on other exchanges, MEXC is suitable for you.
- High Volume Traders: MEXC crypto trading platform has deep liquidity and low fees. This makes it perfect for traders who want to execute large orders or trade multiple positions simultaneously without significant price impacts.
- Futures Traders: Opt for MEXC if you want to trade futures contracts primarily. The exchange offers high-leverage options (up to 200x) and low futures trading fees. In addition, its copy trading interface is custom-built for futures traders.
- Users Who Want to Trade Anonymously: As discussed earlier, MEXC KYC is optional. Therefore, if you are privacy-conscious and don’t mind the 10 BTC (equivalent) withdrawal limit, MEXC will be a great choice.
- Institutional Traders: The cryptocurrency exchange offers API integration and institutional services, which benefit algorithmic and high volume traders.
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Bybit is best suited for:
- Derivatives Traders: Bybit is known for its perpetual contracts products with high leverage (up to 100x), making it ideal for traders interested in derivatives and leverage trading. Additionally, its copy trading feature mainly serves traders who wish to trade derivatives contracts.
- Experienced Traders: While Bybit has a user-friendly interface, it is also an ideal choice for advanced traders. The platform offers advanced tools and features like TradingView charts, customizable trading bots, and options trading.
- NFT and Web3 Enthusiasts: Unlike MEXC Exchange, which doesn’t support NFT trading or a gateway to the Web3 ecosystem, Bybit has an NFT marketplace and allows users to switch between the exchange and the Web3 wallet easily.
- Users Seeking a User-Friendly Interface: The Bybit crypto trading platform is designed to be intuitive and easy to navigate, making it suitable for both novice and advanced traders.
Pros and Cons of MEXC
The pros of MEXC are listed below:
- Support for Lesser-known Altcoins: Besides having one of the largest selections of coins in the crypto space, MEXC is popular for listing new altcoins and meme coins for futures and spot trading early.
- Quick Registration: New MEXC users only need an email, phone number, and password to register and access MEXC products and services. Registration takes under a minute.
- Low Fees: As discussed earlier, MEXC has lower fees than Bybit, starting with zero fees for makers and as low as 0.05% for takers. The exchange also offers fee discounts occasionally, allowing futures traders to trade without paying any fees.
- Trade Anonymously: KYC on MEXC is optional. You can deposit, trade spot trading pairs and futures contracts, and withdraw crypto assets on MEXC without sharing your personal information. However, there is a withdrawal limit of 10 BTC daily, which is more than enough for many individual traders.
- Futures Demo Trading: MEXC offers a Demo Trading feature for inexperienced users to practice cryptocurrency trading before investing their own money. When you sign up for demo trading on MEXC Exchange, you will receive a $50,000 test account to explore a simulated version of the MEXC futures trading interface.
- Earning Options: Users can stake their assets through various products with fixed and flexible terms in exchange for rewards. Find out more about these MEXC Earn products and the daily interest payouts in this MEXC review.
The cons of MEXC are listed below:
- No NFT Support: MEXC does not allow users to mint, buy, or sell NFTs. So, if you want to trade NFTs, Bybit is a better option.
- The Cryptocurrency Exchange is Largely Unregulated: MEXC is less regulated than many crypto exchanges. It lacks authorization from financial authorities in various jurisdictions, including the US, Canada, and Germany.
- MEXC is Not the Most Beginner-Friendly Platform: MEXC offers many features and over 3000 pairs. While these advanced tools and the comprehensive suite of services might appeal to professional traders, it might be challenging for new users to navigate the exchange.
Is MEXC a Good Trading Platform?
Yes, MEXC Exchange is generally considered a good and reliable exchange. MEXC offers various advanced trading tools for advanced traders, basic features for beginners, and exclusive rewards to help them kickstart their trading journey. To activate these bonuses, read this MEXC referral code article to learn how to use the promo code.
Since MEXC’s KYC is optional, some users may be concerned about the security of their funds. If you are wondering the same thing, you don’t have to. The exchange uses strong security measures like Two-Factor Authentication (2FA), cold wallet storage of user funds, multi-biometric authentication, PoR availability, anti-phishing codes, withdrawal address whitelisting, and bug bounty.
Pros and Cons of Bybit
The pros of Bybit are listed below:
- Advanced Trading Features: ByBit offers advanced trading tools and features to help traders make the most of their investments. To better understand these features, this Bybit review gives a detailed overview of everything you need to know about the exchange and its best features.
- Automated Trading Tools: Bybit allows traders to copy the trading strategies of experienced traders across various markets, including crypto, Gold, and Forex. It also has about 12 trading bots and an AI-powered tool, TradeGPT, which gives users access to real-time market analysis and provides answers to technical questions.
- Low Fees: Bybit offers competitive trading fees of 0.1% maker/taker for non-VIP traders. The good news is that both the maker and taker fees can be reduced by using this Bybit referral code to register a new account or increase your 30-day trading volume to reach a higher VIP level if you already have an account.
- High Leverage: The Bybit crypto exchange offers trading options with leverage up to 100x. This allows traders to amplify their positions and increase their profits.
- User-Friendly Interface: Bybit is easy to navigate, and users can easily switch between their crypto trading account and Web3 wallets. This improves the trading experience and makes it suitable for beginners and professional traders.
The cons of Bybit are listed below;
- Derivatives Trading Might be Complex for Beginners: Bybit supports Derivatives trading; in fact, the copy trading feature allows users to trade only Derivatives, which can be complex for traders who aren’t familiar with it.
- Limited Fiat Currency Deposits: Users cannot deposit fiat currencies like the USD (US Dollar), MXN (Mexican pesos), and ZAR (South African Rand) on Bybit.
Is it Safe to Use Bybit in the US?
No, Bybit does not offer its products and services to US residents. If you use a VPN to access the platform, as some individuals advise, the exchange reserves the right to freeze your account if they discover you are from the United States. Therefore, it is not safe to use the exchange in the US.
