Binance vs MEXC
Side-by-side comparison from our sourced exchange data. A dash means we haven't verified that fact — we don't fill gaps with guesses.
| Binance | MEXC | |
|---|---|---|
| Editorial score | — | — |
| Founded | 2017 | 2018 |
| Headquarters | — | Victoria, Seychelles per third-party company profiles; MEXC's own site states no headquarters. |
| Spot maker (base) | 0.1% | 0% |
| Spot taker (base) | 0.1% | 0% |
| Listed assets | ~600 | ~3,000 |
| KYC | Required | Required |
| Notably unavailable | United States (Binance.com), Iran, North Korea, Syria | United States, United Kingdom, Canada, Singapore |
How they differ
Binance, founded in 2017, lists roughly 600 assets and supports card purchases alongside a peer-to-peer marketplace. MEXC, founded in 2018, lists about 3,000 assets; third-party company profiles place it in Victoria, Seychelles while MEXC's own site states it has no headquarters. The gap in listing breadth is the most concrete difference between them, and it usually comes with a difference in how thin the smaller markets are.
Fees are where the two diverge sharply on paper. Binance charges 0.1% maker and taker at the base tier, reduced by 25% to 0.075%/0.075% when fees are paid in BNB. MEXC states in an official announcement that all spot pairs carry zero trading fees without volume limits, excluding market makers and project teams, and notes rates may vary by region or event. A zero base rate is a promotion with conditions attached rather than a permanent schedule, so check the current terms for your region.
Verification differs in degree. Binance requires all users to verify and limits unverified accounts to withdrawals. MEXC says KYC is required for most platform features while basic trading remains accessible with limited verification, with higher withdrawal limits at its Primary and Advanced tiers. MEXC claims users in over 170 countries but bars the United States, United Kingdom, Canada, Singapore, Hong Kong, mainland China, North Korea, Cuba, Sudan, Iran and Russian-controlled regions of Ukraine. Binance is likewise closed to US residents on Binance.com and to new UK sign-ups since October 2023.
On regulation the records are not comparable: Binance holds a Dubai VARA licence and ADGM FSRA recognitions, while the MEXC profile records no licences at all. Binance has one recorded incident, the 2019 hot wallet loss of about $40.7M covered from its SAFU fund; MEXC's profile records none.