Cryptocurrency Exchange MEX has been on the market since 2018 and is actively developing, since 2020 it has been found in almost all tops. However, this is far from being the only trading platform on the market; there are many alternative platforms that offer similar functionality, but with differences in small details.
This article contains the best MEXC alternatives, selected by our editors. These cryptocurrency exchanges have been operating for several years, allow trading and investing, are beginner-friendly and provide a lot of basic information; have fair rates.
| Exchange name |
Link |
It worksin several countries? |
KYC required |
Demonstration |
Proof of Reserves |
Trading Fees |
| Binance |
binance.com |
sim |
sim |
sim |
sim |
Spot: up to 0.1%. Futures: up to 0.05%. |
| Bybit |
bybit.com |
sim |
No |
sim |
sim |
Spot: from 0 to 0.1%. Futures: from 0 to 0.06%. |
| OK |
OKx.com |
sim |
No |
sim |
sim |
Spot: up to 0.1%. Futures: up to 0.05%. |
| cooperative |
huobi.com |
sim |
No |
No |
sim |
Spot: from 0.0097 to 0.2%. Futures: from 0.005 to 0.05%. |
| cooperative |
huobi.com |
sim |
No |
No |
sim |
Spot: from 0.0097 to 0.2%. Futures: from 0.005 to 0.05%. |
| Bingx |
bingx |
sim |
sim |
sim |
sim |
Spot: 0,25%. |
| KuCoin |
kucoin.com |
sim |
No |
No |
sim |
Spot: -0.005 to 0.1%. Futures: 0.014 to 0.06%. |
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| Bitget |
bitget.com |
sim |
No |
sim |
sim |
Point: 0%. Futures: up to 0.05% |
| Phemex |
phemex.com |
sim |
No |
No |
sim |
Spot: up to 0.1%. Futures: up to 0.06% |
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| Probit |
Probit.com |
sim |
No |
No |
No |
Spot: up to 0.2%. |
| Gate.io |
gate.io |
sim |
No |
No |
sim |
Spot: from 0 to 0.2%. Futures: from 0 to 0.05% |
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1. Binance
- Supports spot, futures and p2p trading
- Works with Brazilians and several countries
- Mandatory verification required
- Rates (spot): up to 0.1%
- Rates (futures): up to 0.05%
- Fees (p2p): 0%
- Proof of Reserves - try
- Exchange site: binance.com
The users and Binance You can trade over 350 cryptocurrencies with minimal fees, but the functionality is not limited to this. You can participate in IEOs of new projects by subscription (for BNB holders). You can invest in flexible and fixed deposits, receiving regular risk-free income, and much more.
2. OKX
- Supports spot, futures and p2p trading
- Works with Brazilians and several countries
- No mandatory verification required
- Rates (spot): up to 0.1%
- Rates (futures): up to 0.05%
- Fees (p2p): 0%
- Proof of Reservations – yes
- Exchange site: OKX.com
Exchange users OKX they have access to more than 340 currencies on the spot market and more than 600 futures contracts. The platform interface is convenient and simple, all necessary functions are available. In person, there is a convenient demo account where you can practice spot or futures trading without any financial risks.
3. Bybit
- Supports spot, futures and p2p trading
- Works with Brazilians and several countries
- No mandatory verification required
- Rates (spot): up to 0.1%
- Rates (futures): up to 0.06%
- Fees (p2p): 0%
- Proof of Reservations – yes
- Exchange site: bybit.com
Bybit successfully acts as an alternative to MEXC, offering almost the same basic functionality, in particular the ability to trade in the spot market without fees. There are forward and reverse futures, options and copy trading. There is a platform for conducting IEO. Recently, it launched its own virtual card, just like on MEXC.
4. Cooperative
- Supports spot, futures and p2p trading
- Works with Brazilians and several countries
- No mandatory verification required
- Rates (spot): up to 0.2%
- Rates (futures): up to 0.05%
- Fees (p2p): 0.75% per trader
- Proof of Reservations – yes
- Exchange site: huobi.com
Spot and futures platform supporting over 600 cryptocurrencies. cooperative It also allows you to invest coins in passive income instruments (HTX Earn section), trade options, and launch free trading bots. Beginner users can earn up to 5,672 USDT in bonuses by visiting the Rewards Center.
5 Gate.io
- Supports spot, futures and p2p trading
- Works with Brazilians and several countries
- No mandatory verification required
- Rates (spot): up to 0.2%
- Rates (futures): up to 0.05%
- Fees (p2p): 0%
- Proof of Reservations – yes
- Exchange site: gate.io
Gate.io is another large-scale platform in the exchange industry, which provides almost all the necessary features for fund management, including copy trading, strategic bots, and crypto lending. A wide range of services for institutions, VIP users, and ordinary retail traders.
6. Phemex
- Supports spot, futures and p2p trading
- Works with Brazilians and several countries
- No mandatory verification required
- Rates (spot): up to 0.1%
- Rates (futures): up to 0.06%
- Fees (p2p): 0%
- Proof of Reservations – yes
- Exchange site: phemex.com
A Exchange Phemex MEXC offers a range of services for buying and selling 213 cryptocurrencies, as well as futures trading, passive capital raising methods, prediction markets, a Launchpool platform, and decentralized web3 tools. This MEXC option gives you the opportunity to earn money through a referral program, participate in competitions, and study educational materials.
7. Bitget
- Supports spot, futures and p2p trading
- Works with Brazilians and several countries
- No mandatory verification required
- Rates (spot): up to 0%
- Rates (futures): up to 0.06%
- Fees (p2p): 0%
- Proof of Reservations – yes
- Exchange site: bitget.com
A exchange Bitget is suitable for efficient trading of almost 500 cryptocurrencies, USDT-M and COIN-M futures. A marketplace for strategies and ideas, “social trading”, is available. You can run a bot automated by configuring it according to a grid strategy. There are many other possibilities, from staking the BGB token to IEO.
8. KuCoin
- Supports spot, futures and p2p trading
- Works with Brazilians and several countries
- No mandatory verification required
- Rates (spot): up to 0.1%
- Rates (futures): up to 0.06%
- Fees (p2p): 0%
- Proof of Reservations – yes
- Exchange site: kucoin.com
On the platform KuCoin , users have access to various types of trading and investing money. It has been in operation since 2017 and occupies a fairly large market share, with a daily turnover of over $2.2 billion in futures. In addition to trading, there are many additional options for earning money that involve active or passive income.
Other exchange options for trading: P2P, DEX
Centralized cryptocurrency exchanges that roughly correspond in functionality to the MEXC exchange are discussed above, but other types of trading platforms can also serve as a choice:
- Exchanges P2P . They allow you to exchange cryptocurrency for fiat currency or vice versa, peer-to-peer, from user to user. This method is also supported by many of the brokers listed above, allowing you to replenish your platform account in a convenient way, even despite bank sanctions. Examples – Binance P2P , HTX P2P , Bybit P2P , OKX P2P .
- DEX – decentralized exchanges. Some of them work on the basis of liquidity pools, some – on a classic “order book”. The difference from regular cryptocurrency exchanges is the principle of operation – DEXs operate on the blockchain, do not require registration or verification, and interact directly with users’ wallets. Examples: PancakeSwap , Uniswap , Biswap , ApeX .
Why look for alternatives to MEXC: disadvantages of the broker
Possible reasons why a user may need to seek a substitute or supplemental bidding option:
- Lack of necessary Deposit options. For example, in some countries you can top up MEXC using fiat exclusively via p2p, and there may not be adequate offerings there.
- Lack of necessary features. For example, there is no options trading, NFTs, or some types of passive income like dual currency investments.
- Banned in certain countries and regions (Crimea, USA, China, Canada, etc.).
- It is not possible to order a cryptocurrency card in many regions.
- Whether you don't like the interface is entirely up to individual perception. Also, the translation in the broker is a bit weak, although the situation is much better than it was a few years ago.
Of course, MEXC also has many advantages. This exclusively means that it is possible and necessary to combine different platforms based on what exactly they offer.
FAQ: Frequently Asked Questions
What are the advantages and disadvantages of MEXC broker?
The broker offers a wide selection of cryptocurrencies for trading, various asset exchange options, passive investing, its own MX token and benefits for its owners, futures tournaments, and other features required for a modern cryptocurrency broker.
What types of trading are available on the platform?
Spot market, perpetual contracts (USDT-M, COIN-M), p2p market.
What alternatives to MEXC can you choose from centralized exchanges?
Binance, HTX, Bybit, OKX, KuCoin are all valid alternatives. There are dozens of other sites.
How to choose the best exchange?
The most important thing about a cryptocurrency platform is security. This is provided by proof of reserves, two-factor authentication, insurance fund, payment passwords, and other account security settings. Next, they look at fees, features, available currencies, and deposit/withdrawal options.
What are booking vouchers?
Confirmation of assets – this is when the broker proves that it has sufficient assets to cover all its obligations, if necessary.
What other trading options are there in the cryptocurrency industry?
You can use decentralized exchanges and third-party p2p platforms. These options can also be convenient in certain situations.
Conclusion
There are many alternatives to MEXC in the cryptocurrency market, but few of them are really worth paying attention to – some have very low liquidity, some are insecure and have been hacked many times, some are inconvenient for users from some countries, and so on. Furthermore, when choosing, you should not be tempted by favorable rates or fees; first of all, you need to find out everything about the cryptocurrency exchange and calculate its reputation and level of security.
