The world of cryptocurrency trading continues to expand, attracting millions of investors and traders globally. For newcomers, choosing the right exchange can feel overwhelming. With so many platforms available, it’s essential to evaluate key factors such as fees, security, supported coins, trading features, and user experience.
In this comprehensive comparison, we dive into Bybit vs MEXC, analyzing their core offerings to help you determine which platform aligns best with your trading goals. Whether you're focused on low fees, high leverage, privacy, or advanced tools, this guide breaks down everything you need to know.
Bybit vs MEXC: Key Feature Overview
When comparing Bybit and MEXC, two popular crypto exchanges, it's important to understand how they differ in functionality and target audience.
- Bybit is known for its robust derivatives trading, strong security, and user-friendly interface—ideal for both intermediate and advanced traders.
- MEXC stands out for its no-KYC policy, vast selection of altcoins, and ultra-low fees—appealing to privacy-focused users and early-stage crypto explorers.
Let’s explore their standout features in detail.
Bybit: Top Features
- Advanced Derivatives Trading
Bybit offers futures contracts with up to 100x leverage, supporting both USDT and USDC-margined pairs across 100+ major cryptocurrencies. The platform provides deep liquidity, making it ideal for active traders. - Options Trading Available
A rare feature among exchanges, Bybit supports Bitcoin and Ethereum options, allowing users to hedge positions or speculate on volatility—perfect for sophisticated strategies. - Copy Trading
Follow experienced traders automatically. This social trading tool helps beginners learn while earning passively by mirroring expert decisions. - P2P & OTC Trading
With over 100 supported payment methods, Bybit’s P2P marketplace enables seamless fiat-to-crypto transactions. Its OTC desk also facilitates large-volume trades without market slippage. - Automated Trading Bots
Bybit offers various bots (grid, spot-futures arbitrage) that execute trades 24/7 based on preset strategies—ideal for algorithmic traders. - Staking & DeFi Integration
Flexible and fixed staking options allow users to earn passive income. The Bybit Wallet also supports liquidity mining in decentralized protocols. - Bybit Card & NFT Marketplace
Spend crypto anywhere with the Bybit Card, a global debit card accepted at over 90 million merchants. Additionally, the integrated NFT marketplace lets users trade digital collectibles easily.
👉 Discover how automated trading tools can boost your strategy efficiency.
MEXC: Top Features
- Up to 200x Leverage
MEXC offers one of the highest leverage levels in the industry—up to 200x on futures trading, surpassing even Bybit’s 100x. This attracts high-risk traders seeking amplified gains. - No-KYC Trading Option
One of MEXC’s biggest advantages is the ability to trade without identity verification. Unverified users can withdraw up to 10 BTC daily, making it a top choice for privacy-conscious individuals. - Zero-Fee Futures (0% Maker Fee)
MEXC charges 0% maker fees on futures markets—a significant cost advantage for frequent traders and market makers. - Launchpad & Airdrops
The MEXC Launchpad gives early access to promising new projects. Regular token airdrops reward users for holding specific assets or participating in promotions. - Extensive Altcoin Support
With over 2,772 supported cryptocurrencies, MEXC lists more low-cap and newly launched tokens than most platforms—perfect for discovering emerging trends before they go mainstream.
Trading Fees: Bybit vs MEXC
Fees play a crucial role in profitability, especially for active traders.
Spot Trading Fees
| Platform | Maker Fee | Taker Fee |
|---|---|---|
| Bybit | 0.1% | 0.1% |
| MEXC | 0.05% | 0.05% |
✅ MEXC wins: Offers half the fee rate of Bybit for spot trading.
Futures Trading Fees
| Platform | Maker Fee | Taker Fee |
|---|---|---|
| Bybit | 0.02% | 0.055% |
| MEXC | 0% | 0.02% |
✅ MEXC dominates: Zero maker fees and lower taker fees make it more cost-effective for high-frequency and algorithmic traders.
Both platforms offer VIP programs that reduce fees based on trading volume.
Additionally:
- Bybit applies funding rates and liquidation fees under certain conditions.
- MEXC also uses funding fees but offers discounts for high-volume traders.
👉 See how reducing trading fees can improve long-term returns.
Supported Cryptocurrencies
- Bybit: Over 1,200 coins, focusing on established and mid-tier assets.
- MEXC: Over 2,772 coins, including many experimental and low-market-cap tokens.
While both support major cryptos like BTC and ETH, MEXC clearly leads in asset diversity.
✅ Winner: MEXC – Best for altcoin hunters and early adopters.
Security and Regulation
Both exchanges implement strong security protocols:
- ✅ Two-Factor Authentication (2FA)
- ✅ Anti-phishing codes
- ✅ Withdrawal address whitelisting
- ✅ Cold storage for >95% of funds
- ✅ No history of successful hacks
Certik Security Ratings
- Bybit: 85.58 (A rating) – Ranked among top 6 safest exchanges
- MEXC: 81.82 (A rating) – Ranked 10th safest
Bybit holds an edge in regulatory compliance, operating under recognized frameworks in Georgia, the Netherlands, Kazakhstan, and Dubai. In contrast, MEXC lacks formal regulation from major financial authorities.
✅ Winner: Bybit – Stronger regulatory standing enhances trustworthiness.
KYC Requirements
- Bybit: Requires KYC for deposits and full feature access. Level 1 verification allows up to 1 million USDT daily withdrawals; Level 2 increases it to 2 million.
- MEXC: Allows trading without KYC (up to 10 BTC/day). Verification unlocks higher limits (up to 400 BTC/day with institutional KYC).
✅ Winner: MEXC – Ideal for users prioritizing privacy and anonymity.
Deposit & Withdrawal Options
- Bybit: Supports over 60 fiat currencies via SEPA, Google Pay, P2P (100+ methods), and third-party providers like MoonPay and Mercuryo.
- MEXC: Limited to USD, EUR, GBP via cards (Visa/Mastercard), SWIFT, P2P (e.g., UPI), and services like Banxa/Simplex.
Withdrawal fees are slightly lower on MEXC—for example:
- BTC withdrawal: MEXC (0.00003 BTC) vs Bybit (0.00005 BTC)
✅ Winner: Bybit – Superior fiat support and broader payment flexibility.
Trading Volume & Liquidity
According to CoinMarketCap:
- Bybit: Ranked #2 globally in trading volume (~$7.5B daily spot volume)
- MEXC: Ranked #10 (~$4.5B daily spot volume)
Despite having a higher liquidity score (687 vs 676), MEXC's liquidity is spread thin across thousands of low-volume altcoins. Bybit maintains deeper liquidity for major pairs due to concentrated trading activity.
✅ Winner: Bybit – Better order execution and tighter spreads on popular markets.
User Experience & Support
- Bybit: Clean interface with the Unified Trading Account, allowing seamless switching between spot, futures, and options. Mobile app performs smoothly even during peak times.
- MEXC: Cluttered layout; occasional lag during high volatility. Less intuitive for beginners.
Support:
- Both offer 24/7 live chat and email.
- Bybit provides faster responses and a more comprehensive help center.
✅ Winner: Bybit – Superior UX and customer service.
Frequently Asked Questions (FAQ)
Is MEXC a reliable exchange?
Yes, MEXC is considered reliable by many traders. It ranks #10 on CoinMarketCap for volume and liquidity, has never been hacked, and uses industry-standard security like cold storage and 2FA. Its Certik safety score of 81.82 (A rating) further validates its credibility.
Are Bybit and MEXC available in the US?
No—both exchanges restrict full access for US residents due to regulatory policies. Bybit explicitly prohibits US users, while MEXC offers limited functionality. Always check local laws before signing up.
Is Bybit better than MEXC?
It depends on your needs:
- Choose Bybit for advanced tools, better UX, strong security, and global fiat support.
- Choose MEXC for no-KYC trading, ultra-low fees, high leverage (200x), and access to emerging altcoins.
Can I trade without KYC on these platforms?
Only on MEXC can you trade without KYC—up to 10 BTC/day. Bybit requires KYC for deposits and full account usage.
Which exchange has lower fees?
MEXC offers lower fees overall—especially in futures trading where maker fees are 0%. For spot trading, MEXC charges half of what Bybit does (0.05% vs 0.1%).
Do both platforms support staking?
Yes—both offer staking options. Bybit provides more flexibility with fixed and flexible plans plus DeFi integration, while MEXC offers standard staking with fewer choices.
Final Verdict: Which Should You Choose?
Ultimately, your choice between Bybit and MEXC comes down to your trading priorities:
🔹 Choose Bybit if you value:
- Advanced derivatives and options
- High liquidity and fast execution
- Polished interface and reliable support
- Regulatory compliance and global accessibility
🔹 Choose MEXC if you prefer:
- No-KYC trading for privacy
- Access to rare altcoins and early-stage projects
- Ultra-low or zero maker fees
- Maximum leverage (up to 200x)
Both are solid platforms serving different niches in the crypto ecosystem.
👉 Compare real-time trading conditions across leading platforms today.