Bybit 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.
| Bybit | MEXC | |
|---|---|---|
| Editorial score | — | — |
| Founded | 2018 | 2018 |
| Headquarters | Dubai, United Arab Emirates (relocated from Singapore in 2022) | 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 | ~425 | ~3,000 |
| KYC | Required | Required |
| Notably unavailable | United States, Canada, Mainland China, Hong Kong | United States, United Kingdom, Canada, Singapore |
How they differ
Bybit, founded in 2018 and headquartered in Dubai, lists about 425 assets and runs spot, derivatives and options under a unified V5 account model. MEXC, founded in 2018, lists about 3,000 assets; third-party profiles place it in Victoria, Seychelles while MEXC's own site states it has no headquarters. MEXC is the far broader list, which mostly means access to smaller and newer tokens rather than deeper markets.
Fees are the sharpest paper difference. Bybit charges a flat 0.1% maker and taker on spot for non-VIP users, 0.2% on Adventure Zone pairs, with VIP tiers below that. MEXC states in an official announcement that all spot pairs carry zero trading fees without volume limits, excluding market makers and project teams, and adds that rates may vary by region or event. Treat a zero base rate as a conditional promotion rather than a fixed schedule.
Verification requirements differ in strictness. Bybit requires at least Standard-level identity verification for all products and services, across three levels. MEXC says KYC is needed for most features while basic trading remains available with limited verification, with Primary and Advanced tiers unlocking higher withdrawal limits. Both exclude long lists of markets that overlap heavily: the United States, Canada, mainland China, Hong Kong, Singapore, Iran, North Korea, Cuba, Sudan and Russian-controlled regions of Ukraine appear on both, with Bybit adding Syria and Uzbekistan and MEXC adding the United Kingdom.
On regulation the records are uneven. Bybit holds a UAE Virtual Asset Platform Operator licence from the Securities and Commodities Authority plus a provisional, non-operational VARA approval in Dubai; the MEXC profile records no licences. On incident history the direction reverses: MEXC's profile records none, while Bybit lost roughly $1.5B in Ethereum from a cold wallet in February 2025 through a compromised third-party multisig signing interface, publishing a timeline and a 10% recovery bounty afterwards.