MEXC vs BingX

MEXC vs BingX: which to use

MEXC vs BingX is a comparison of two centralized exchanges that both match orders on a central limit order book. MEXC charges 1 bp maker and 4 bp taker, offers up to 1000x and lists the $MX token. BingX charges 2 bp maker and 5 bp taker, lists 234 real-world asset markets against MEXC's 93, and caps leverage at 500x. Both require KYC, but BingX lets an unverified account withdraw up to 20,000 USDT a day, while MEXC shows unverified accounts market data only. Fees, real-world asset count and KYC rules decide it for most traders.

How each exchange is built

MEXC is a centralized exchange (CEX): you open an account with the company, and the account holds your funds. It matches orders on a central limit order book. BingX is built the same way, with an account that holds your funds and a central limit order book. The difference for a trader lies in fees, markets and access, not in how the exchange is built.

Fees and what they mean

MEXC's base tier is 1 bp maker and 4 bp taker, read from MEXC's API; it has no fee page to link. BingX's base tier is 2 bp maker and 5 bp taker, per BingX's perpetual futures fee schedule.

A market order pays the taker fee to open and again to close: 8 bp per round trip on MEXC and 10 bp on BingX. A limit order that rests on the book pays the maker fee instead, 1 bp on MEXC and 2 bp on BingX.

The fee is only part of the cost. Slippage, the price you move by eating through the order book, grows with size. The cost table above adds both at each size from $1k to $5M, and every exchange's trading cost is compared on one page.

Markets and leverage

As of 1 October 2026 MEXC lists 1202 active perpetual markets, 93 of them stocks, commodities, FX or other real-world assets. BingX lists 1240, 234 of them real-world assets. BingX therefore has more markets overall and a larger set of non-crypto perps, while MEXC's list is slightly shorter.

MEXC allows up to 1000x on its highest-leverage market and BingX up to 500x. Most markets on both allow less, so check the limit of the market you plan to trade.

Funding is the periodic payment between longs and shorts of a perp. A positive rate means longs pay shorts. MEXC pays funding every 1 hour, 4 hours, 8 hours or 24 hours depending on the market. BingX pays every 1 hour, 4 hours or 8 hours. An hourly market settles 24 times a day and an 8-hour market three times, so the same rate costs a held position differently. Only MEXC has 24-hour markets. The list further down this page shows the markets both exchanges have and each one's funding rate.

Who can use them

Both exchanges require KYC. MEXC has required KYC before trading since February 2026, and unverified accounts see market data only. BingX requires advanced KYC to deposit or trade. An unverified BingX account can only withdraw, up to 20,000 USDT a day. BingX's rules vary by region, so check the rules for your country before you fund an account.

Token

MEXC's token is $MX.

Reading the numbers on this page

Both exchanges publish open interest as one side of open positions, so the open interest row and chart above compare like with like. Neither exchange has a TVL row or chart, because centralized exchanges publish none.

Market counts in the Head to head table follow the dates on the page and refresh every minute. For today's volume, funding and cost per trade, read the table and charts above rather than this article.

Which one fits you

• Pick MEXC if you trade with market orders: 4 bp taker against 5 bp on BingX.
• Pick MEXC if you rest limit orders: 1 bp maker against 2 bp.
• Pick MEXC if you want leverage above 500x, up to 1000x on its highest market.
• Pick MEXC if you want a 24-hour funding interval on some markets, or the $MX token.
• Pick BingX if you want more stocks, commodities, FX and other real-world assets: 234 markets against 93.
• Pick BingX if you want more perpetual markets overall: 1240 against 1202.
• Pick BingX if you want to withdraw funds without verification, up to 20,000 USDT a day.