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MEXC vs OKX Comparison: Fees, Features & Facts

Publisher

December 12, 2023
MEXC vs OKX comparison

Are you wondering if you should use MEXC or OKX as your primary crypto exchange? It can be hard making a choice, as there are many factors to consider when selecting the right crypto exchange. In this MEXC vs OKX comparison we will show you exactly what the key differences are so that you know exactly if you should go with MEXC and OKX. Both platforms are great choices, but there are a few key differences. Let’s find out which exchange works best for you: MEXC or OKX.

 

MEXC vs OKX Overview

Let’s start this OKX and MEXC comparison with a table where you can see the most important factors at a glance. Quickly go over the fees, liquidity, trading volume, location, KYC requirements, and more!

 

This table compares all key measures of OKX and MEXC, two of the best crypto exchanges in the world!

 

MEXC vs OKX Pros & Cons

While we consider MEXC and OKX both to be some of the best crypto exchanges in the world, there are always some downsides. We will expose all the good and bad points about both exchanges!

 

MEXC Pros & Cons

Overall, MEXC is one of the best crypto exchanges when it comes to trading as the platform supports the most trading pairs and has the lowest trading fees. With a very user-friendly design, low fees of 0% maker and 0.03% taker fees, and high leverage, MEXC is one of the best crypto exchanges for leverage trading. The platform does not require KYC and also has an MSB license so that it can operate in the US.

Where MEXC is losing against OKX is the FIAT support as well as passive income products. Unfortunately, MEXC does not have comprehensive service when it comes to staking or mining. Lastly, the copy trading feature on MEXC is far inferior to OKX copy trading. If you want to learn more about MEXC, you can check our full MEXC review here.

👍 MEXC Pros👎 MEXC Cons
✅ Lowest Trading Fees❌ No NFT market
✅ 1700+ Cryptos❌ Lacks passive income products
✅ Up to 200x Leverage❌ No Fiat Deposits/Withdrawals
✅ 24/7 Live Chat Support
✅ Very User Friendly

 

OKX Pros & Cons

OKX is the second largest crypto exchange. In fact, OKX has the best liquidity of all crypto exchanges, even better than Binance. When comparing OKX to MEXC, we noticed that OKX has slightly better liquidity than MEXC. In terms of fees, OKX is more expensive though. With 0.02% maker and 0.05% taker fees on the futures market, OKX is 5 times more expensive. While OKX is more complicated to use than MEXC, OKX has the most advanced features, making it a top choice for advanced crypto traders that seek a reliable crypto trading platform.

Lastly, OKX has a wide variety of passive income products such as staking, mining, liquidity providing, and one of the best copy trading features in the crypto market. Only Bitget has better copy trading as of 2023! If you want to learn more about OKX, you can check our full OKX review here.

👍 OKX Pros👎 OKX Cons
✅ Most comprehensive platform❌ Not beginner-friendly
✅ Best copy trading feature❌ Requires KYC
✅ Very reliable platform❌ No Fiat Deposits/Withdrawals
✅ Deep liquidity❌ No US customers allowed

 

MEXC vs OKX: Who wins?

Overall, we consider OKX to be the winner, but there are some areas where MEXC takes the lead.

 

First of all, OKX is the most advanced crypto exchange and has more advanced features than MEXC, making OKX the better choice for experienced traders.

Also, OKX has better liquidity and 4-5 times higher daily trading volume, which is a key factor, especially for traders with a lot of trading volume.

In terms of passive income products, OKX is also superior to MEXC as OKX offers a wide variety of different services. Crypto enthusiasts can earn money through lending, staking, liquidity farming, and more.

Lastly, copy trading on OKX is an excellent feature!

 

Trade on OKX!

 

So where is MEXC the better choice? MEXC excels with its spot and futures market. The spot fees are 0% and the futures fees are 0% maker and 0.03% taker. If you care about value for money, MEXC is the best option as MEXC has by far the lowest fees.

While the MEXC liquidity is a little worse than on OKX, MEXC still has some of the best liquidity in the crypto market.

With over 1800 pairs on the spot market and 600 trading pairs on the futures market, MEXC has the biggest variety of tradable digital assets. So if you care about versatility, MEXC is best for you.

For futures traders, MEXC offers up to 200x leverage which is great for high-frequency traders.

Lastly, MEXC accepts customers from the United States, so if you are a US citizen you can only go with MEXC anyway.

 

Trade on MEXC!

 

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