MEXC and Bitget stand out as two of the world’s best platforms. Each offers unique features and services, catering to a diverse range of crypto traders and investors.
This comparison of MEXC vs Bitget delves further into the details of each exchange, considering factors like user interface, safety measures, available cryptocurrencies, fees, customer service, and trading tools. In order to choose which one best suits your trading needs and interests, we will assist you in clarifying the advantages and disadvantages of each.
Key Takeaways
- MEXC is the best exchange for traders seeking early-stage investment opportunities because it has a comprehensive launchpad.
- Bitget is the go-to platform for copy trading. This platform has advanced spot and futures copy trading features, copy trading bots, and over 110,000 professional traders to copy from.
- MEXC has a flexible KYC, allowing members to trade up to 30 BTC daily without registration, while Bitget has a simple but mandatory KYC process.
MEXC vs Bitget Overview
| Feature | MEXC | Bitget |
| Launched | 2018 | 2018 |
| Headquarters | Singapore | Singapore |
| Best for | Launchpad: helps traders get early-stage investment opportunities | Copy trading |
| KYC verification | Not mandatory | Mandatory |
| Cryptocurrency Listings | 1,850+ cryptocurrencies supported | 11,000+ cryptocurrencies supported |
| Key Features | Margin Trading: Up to 200x leverage for some coins Launchpad Futures Trading USDT-M and COIN-M Copy Trading | Copy Trading: Spot, Futures, and Bot Copy Trading Flexibility to create multiple wallets for one account Futures Trading: USDT-M Futures, Coin-M Perpetual Futures, Coin-M Futures, USDC-M Futures Spot Margin: Cross and isolated margin options |
| Deposit Methods | Credit/Debit Cards, P2P Trading, Bank Transfer, Third-Party Payments | SEPA, SEPA Instant, Faster Payments Service, PIX (No processing fees) |
| Trading Fee (Spot) | Spot 0.0% (both maker and taker) | Spot 0.1% (maker and taker) |
| Trading Fee (Futures) | Futures 0.0% (maker), 0.020% (taker) | Futures 0.02% (maker), 0.06% (taker) |
| Margin Trading Leverage | Up to 200x for certain coins | Up to 125x for some coins |
| Mobile App | iOS, Android | iOS, Android |
Read more: Gate.io’s Airdrop Program: First 100 Members Get 20 USDT on Coinwire
Bitget vs MEXC: Fees
The fees charged on a crypto exchange can make the difference between profits and losses. Therefore, when choosing an exchange, it’s important to understand its fees. Here’s a breakdown of MEXC and Bitget’s fees.
Trading Fees
MEXC has two categories of trading fees, namely spot trading fees and futures trading fees. Spot trading on this platform costs 0.00% maker and taker fees.
On the other hand, futures trades have a 0.000% maker fee and a 0.020% taker fee.
On Bitget, spot market trading charges a maker fee of 0.1% and a taker fee of 0.1%. Bitget fees for futures trading are 0.02% and 0.06% makers and takers fees, respectively.
| Fees | MEXC | Bitget |
| Spot | 0.00% maker and taker fees | 0.1% maker and taker fees |
| Futures | 0.00% maker, 0.020% taker | 0.02% maker, 0.06% taker |
Withdrawal Fees
The withdrawal fees on MEXC and Bitget vary based on the specific cryptocurrency and the network chosen for the transaction. Similarly, the minimum withdrawal limit also differs depending on these factors.
To gain a clear understanding of both platform’s withdrawal fees, MEXC’s fee structure and Bitget’s fee structure.
Deposit Fees
Most of MEXC’s tokens do not incur any deposit fees. However, some currencies on the platform, like USDT, may attract a deposit fee.
On the other hand, Bitget offers free deposits for all assets, including fiat currencies, without any platform-imposed charges.
Users should know that fees may be applied to their chosen deposit method. It’s advisable to review your payment method’s terms to understand any potential costs before making a deposit.
Winner: MEXC has lower spot and futures trading fees than Bitget.
Bitget vs MEXC: Features
Most popular cryptocurrency exchanges strive to offer their clients top-grade services. Let’s find out which features Bitget and MEXC offer their users.
MEXC Key Features
Margin Trading
MEXC is widely recognized for its exceptional margin trading feature. This facility allows users to borrow funds from the exchange to enhance their trading positions. With leverage options of up to 200x for some currencies, MEXC traders have the potential to increase their earnings by up to 200 times their initial investment.
However, it’s crucial to remember that while this high leverage can lead to significant profits, it also carries the risk of substantial losses. Therefore, it’s essential for anyone considering margin trading on MEXC to have a thorough understanding of the process and its inherent risks before engaging in it.
The trading fees for MEXC Futures are competitive now, with 0% maker fee and a 0.02% taker fee. You can also get an additional 10% discount using an MX token or using our MEXC referral code “mexc-vsbitget“.
Launchpad
The Launchpad, another popular feature on MEXC, is a platform that hosts Initial Exchange Offerings (IEOs) of emerging cryptocurrency projects. These offerings provide users with early investment opportunities in new and potentially profitable crypto ventures.
By participating in these initial coin offerings, investors enhance their chances of making significant profits while supplying the necessary funding for these projects to launch successfully.
Futures Trading
MEXC has USDT-M futures and Coin-M futures. These are both perpetual futures contracts, meaning they do not expire. They also offer the added advantage of margin trading.
Futures trading on MEXC charges 0.00% makers and 0.20% takers fees.
Copy Trading
MEXC also has an active copy trading feature. This allows users to copy trades from advanced traders.
The most impressive aspect of copy trading on MEXC is the simple yet effective user interface. The platform ranks experts based on their competence, provides screenshots of some of their trades, and shows the number of followers each trader has.
Bitget Key Features
Copy Trading
Bitget outperforms MEXC in copy trading, offering over 110,000 elite traders and at least 540,000 users compared to MEXC’s 1500 experts and 10,000 users. Additionally, Bitget provides the convenience of creating multiple wallets under a single account.
For traders who want to use copy trading on Bitget, this award-winning trading technology has multiple options, as explained below.
- Spot or Futures Copy Trading: Spot and futures copy trading enable traders to replicate the trade orders of experienced professionals. This approach not only saves time but also assists beginners in executing complex trades effectively.
- Bot Copy Trading: Users can purchase and permanently own a bot from Bitget’s library, unlocking advanced trading insights and strategies to capitalize on volatile market conditions.
- Become an Elite Trader: Advanced traders can earn by sharing insights on Bitget’s copy trading platform, with top traders potentially receiving up to 10% in daily profit shares.
Related: Best Crypto Copy Trading Platforms in 2023 (Free & Profitable)
Futures Trading
Bitget caters to clients interested in futures trading, where they can buy or sell an asset at a predetermined future date at a price agreed upon. The platform offers a diverse range of futures contracts to suit various trading strategies.
One option available is USDT-M Futures. These contracts do not have an expiration date, allowing for extended trading opportunities.
Another choice for traders is Coin-M Perpetual Futures. These contracts also lack an expiration date and offer the added advantage of margin trading, enhancing the potential for higher returns.
For those seeking date-specific contracts with the benefits of margin trading, Coin-M Settled Futures is an ideal choice. These are futures contracts with a set expiration date. Additionally, Bitget provides futures options traders with USDC-M Futures, which are perpetual futures settled in USDC.
For Coin-M trades, Bitget offers a maximum leverage of 125x for some cryptocurrencies. The platform requires a minimum order quantity of 0.001 BTC and applies a futures fee of 0.02% for makers and 0.06% for takers, making it a versatile and competitive option for futures traders.
Related: Best Crypto Futures Exchanges for Trading (Updated in 2023)
Bitget is giving $100 in coupons and $500 in Crypto Vouchers for new users signingup Bitget via the code “ew9a4290“. Register now and grab the limited-time offer.
Spot Margin
Bitget presents its users with the option of spot margin trading, encompassing two distinct margin management methods: cross margins and isolated margins.
The trader’s total account balance, which serves as the available margin for all open positions, determines cross-margin trading on Bitget.
This means the entire capital of the trader is leveraged to offset potential losses across any open position, with a leverage limit of 10x. This setup offers traders an opportunity to augment their trades, albeit within a risk-managed environment.
In contrast, isolated margin trading allows traders to allocate a specific amount of margin to each individual position.
This strategy effectively confines potential losses to the margin allocated for that particular position, thereby offering an added layer of risk management. Losses in one trade do not impact the margin set aside for others.
Bitget’s isolated margin option provides up to 10x leverage, giving traders enhanced control and flexibility over their individual trades. This dual-margin system caters to varying risk appetites and trading strategies, making Bitget a versatile platform for different types of traders.
Related: Best Crypto Exchanges For Margin Trading
Winner: Both exchanges have multiple features with unique differences that create a lucrative trading experience.
Supported Cryptocurrencies
MEXC is one of the best crypto exchanges in 2023 for cryptocurrency support. The platform supports at least 1850 cryptocurrencies, like MX Token, Ethereum, Bitcoin, PEPE, and AIDOGE.
Bitget boasts an extensive collection of digital currencies of over 11000 coins. Among the most popular cryptocurrencies available on this exchange are Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), and Binance Coin (BNB)
Winner: Bitget has at least 11000 listed crypto coins, while MEXC lists about 1800.
Supported Deposit Methods
MEXC provides a diverse range of deposit methods to cater to the needs of traders worldwide. These methods include:
- Credit and Debit Cards: MEXC accepts payments from Mastercard and Visa cards. However, the availability of these payment methods is subject to regional restrictions and may vary based on the user’s location.
- P2P Trading: Peer-to-peer (P2P) trading on MEXC supports at least 30 payment channels.
- Bank Transfer (SWIFT): MEXC users can access bank transfers through SWIFT. With this payment channel, users are able to transfer funds from bank accounts to their MEXC accounts directly.
- Third-Party Payments: MEXC supports third-party providers like Banxa, Simplex, and Mercuryo.
Bitget also has a variety of deposit methods. Below is a list of these payment gateways.
- Credit and Debit Cards: Bitget accepts payments made with Visa and Mastercard.
- SEPA: With SEPA, Bitget users can transfer EUR from bank accounts to Bitget within 2 working days.
- SEPA Instant: This method is similar to SEPA, but the transaction processing is instant.
- Faster Payments Service: This is also an instant payment method. It supports GBP transfers.
- P2P Payment: The platform supports at least 23 P2P payment channels
- Third-party payment options: Bitget’s third-party payment providers include GooglePay, ApplePay, and Banxa.
SEPA, SEPA Instant, and the Faster Payments Service offer the convenience of processing transactions without any fees. Moreover, each of these payment methods has a minimum deposit requirement of 15 units in the supported currency and allows for a maximum deposit of 4,999 units.
Winner: Both exchanges offer extensive deposit methods.
Is MEXC Safe?
MEXC places a high emphasis on user security, adopting multiple measures to safeguard the platform. To enhance security and ensure data integrity, MEXC hosts its servers independently across several countries.
Furthermore, MEXC implements a Know Your Customer (KYC) verification process. While this process is not obligatory for all transactions, it shows MEXC’s commitment to securing its clients’ assets.
In addition to KYC, the platform employs Two-Factor Authentication (2FA) and integrates Google Authenticator, both of which significantly bolster account security.
The trading fees for MEXC Futures are competitive now, with 0% maker fee and a 0.02% taker fee. You can also get an additional 10% discount using an MX token or using our MEXC referral code “mexc-vsbitget“.
Is Bitget Safe?
Bitget goes the extra mile on security. The platform maintains a proof of reserve, guaranteeing clients at least a 1:1 reserve ratio.
Additionally, the exchange’s funds are mostly stored in cold storage. The use of offline, multi-signature wallets significantly reduces the risk of online hacking and theft.
Furthermore, Bitget has established a substantial protection fund, amounting to 300 million USDT, which serves as an additional safeguard against potential security breaches.
Bitget is giving $100 in coupons and $500 in Crypto Vouchers for new users signingup Bitget via the code “ew9a4290“. Register now and grab the limited-time offer.
Why Should I Trade on MEXC?
MEXC is a leading cryptocurrency exchange that was awarded “Best Crypto Exchange Asia in 2021” at the Crypto Expo Dubai event. This is a compelling reason for traders to trade on the exchange.
However, a more specific reason for you to trade on MEXC is the exchange’s extensive collection of over 1850 digital currencies. MEXC is also constantly adding digital currencies, which are new in the DeFi space. Such a wide pool of digital assets ensures you can access multiple investment opportunities and grow your portfolio.
Besides that, the exchange is also home to a launchpad. This allows you to get early investment access to well-vetted, potentially lucrative crypto projects.
MEXC Restricted Countries
MEXC does not provide services or accept user registration in the following countries:
- North Korea
- Cuba
- Sudan
- Syria
- Iran
- Crimea
- Mainland
- China
- Indonesia
- Singapore
- Venezuela
- United States
- Canada
MEXC Pros and Cons
Pros
- MEXC has one of the widest crypto coin collections of over 1,850 cryptocurrencies.
- MEXC’s launchpad gives traders early access to invest in promising cryptocurrency projects.
- This crypto exchange is safe, with independently hosted and well spread servers to ensure data integrity and protected operations.
- It has a reliable crypto trading app with an intuitive and simple interface
- There’s flexibility with the KYC verification process.
Cons
- MEXC is restricted to the United States.
- Despite efforts to improve security, MEXC has had some security breaches in the past, which might worry some traders.
The trading fees for MEXC Futures are competitive now, with 0% maker fee and a 0.02% taker fee. You can also get an additional 10% discount using an MX token or using our MEXC referral code “mexc-vsbitget“.
Why Should I Trade on Bitget?
Bitget, established in 2018, is a well-known crypto exchange known for providing a comprehensive solution for crypto investments. This has made it a popular choice among traders.
One of the key attractions of Bitget is its copy trading feature, which is among the most effective and popular in the market. From professional traders to trading bots, Bitget ensures every trader, regardless of their qualification levels, can execute and profit from complex trades.
Additionally, Bitget is an excellent platform for traders interested in a wide range of futures trading options. The exchange offers various futures trading options, including USDT to USDC backed futures and margin-enabled coin futures.
Bitget Restricted Countries
Bitget does not provide services to traders from the countries and regions below.
- Canada (Ontario)
- Canada (Alberta)
- Crimea
- Cuba
- Hong Kong
- Iran
- North Korea
- Singapore
- Sudan
- Syria
- United States.
Additionally, services are not available in Iraq, Libya, Yemen, Afghanistan, the Central African Republic, the Democratic Republic of Congo, Guinea-Bissau, Haiti, Lebanon, Somalia, and South Sudan.
Bitget Pros and Cons
Pros
- Bitget has the best copy trading features, allowing traders to duplicate moves from experienced traders
- Flexibility to create multiple wallets for one account
- The exchange supports at least 500 cryptos
- It has a user-friendly interface and one of the best crypto trading app designs
Cons
- Bitget is restricted in the U.S.
- It has higher fees than MEXC
Conclusion
Choosing between Bitget and MEXC can be quite a challenge, as both platforms offer a range of impressive features and attractive benefits. MEXC stands out with its vast collection of tokens, an efficient launchpad, and a strong focus on security and data protection.
In contrast, Bitget is popular for its outstanding copy trading features, a user-friendly interface, and a wide array of futures trading options. While each exchange has its own set of advantages and drawbacks, the decision ultimately lies in personal preferences, trading objectives, and risk tolerance levels. Therefore, it’s important to first identify your trading needs to ensure that your selected platform aligns well with your cryptocurrency trading ambitions.
FAQs
Does MEXC require KYC?
MEXC does not have a mandatory KYC process. However, for trades above 5 BTC daily, clients need to complete their KYC verification to start trading. Additionally, there are often bonuses associated with completing KYC on MEXC, and the process is simple for most traders.
Is Bitget available in the U.S.?
No. Bitget is not available for U.S. citizens.
What is MEXC withdrawal limit without KYC?
MEXC’s withdrawal limit without KYC is 5 BTC daily. Also, for traders interested in certain financial products, like margin trades and futures, KYC account verification is mandatory.
