Lower Fees
0.05
%
Taker Fee ·
BingX
Higher Volume
$16.62B
Taker Fee ·
MEXC
More Leverage
200x
Taker Fee ·
MEXC
Higher Rating
7.25
/10
Taker Fee ·
BingX
Rating
About
BingX, founded in 2018 by Josh Lu, provides deep liquidity and competitive trading volumes for crypto perpetuals.
Serving over 20M global users, BingX offers spot trading, derivatives, copy trading, and asset management, featuring leverage up to 125x.
Licensed in Lithuania (FSIC), BingX secures user assets through Mazars-verified Proof of Reserves, regular CertiK security audits, and two-factor authentication.
MEXC, founded in 2018 by John Chen, is a major crypto exchange offering perpetual futures with leverage up to 200x and access to over 2,900 cryptocurrencies.
Serving 30 million traders in 170 countries, MEXC features low futures fees, diverse altcoin markets, and special perks for high-volume users.
While it provides robust security through Proof of Reserves and cold storage, MEXC remains unlicensed by major regulators and has drawn warnings from several global financial bodies.
Volume & Liquidity
BingX | MEXC | ||
|---|---|---|---|
Perpetuals Volume (24H) | $4.04B | $16.62B | |
Crypto Options Volume (24H) | $0 | $0 | |
Open Interest (24H) | $3.19B | $6.66B |
Fees & Costs
BingX | MEXC | ||
|---|---|---|---|
Taker Fees | 0.05 % | 0.02 % | |
Maker Fees | 0.02 % | 0 % |
Live Funding Rates
BTC Funding Rate
USDT Settlement
BingX
0.0100%
MEXC
-0.0043%
ETH Funding Rate
USDT Settlement
BingX
0.0100%
MEXC
0.0033%
SOL/USDT
USDT Settlement
BingX
0.0065%
MEXC
0.0028%
BNB/USDT
USDT Settlement
BingX
0.0027%
MEXC
-0.0109%
Trading Features
BingX | MEXC | ||
|---|---|---|---|
Perpetual Contract Types | USDT and USDC | USDT only | |
Available Leverage | 125x | 200x | |
Spot Assets | 1000 | 2900 |
Regulation & Trust
BingX | MEXC | ||
|---|---|---|---|
Regulation | Only regulated by FSIC (Lithuania) | Unlicensed (Previous Licenses revoked in Seychelles & Estonia) | |
Proof of Reserves | ✓ Yes | ✓ Yes | |
Supported Countries | 150 | 170 | |
Total Users | 20 Million | 30 Million | |
Headquarters | Singapore | Seychelles |
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BingX vs MEXC: Perpetual Futures Compared
Two offshore exchanges, both founded in 2018, both lightly regulated, both competing for traders who care more about low fees and broad access than regulatory protections. MEXC is built around the cheapest futures fees in the industry and the widest token catalog going. BingX is built around copy trading and a more curated derivatives experience with TradFi exposure bolted on.
In short: MEXC is the cheapest place to trade perps. BingX is the better platform if social trading and traditional market exposure matter to you. Both carry elevated counterparty risk compared to tier-1 venues.
Fees
MEXC's fee structure is the most aggressive going: 0% maker and 0.01% taker on futures. BingX charges 0.02% maker and 0.05% taker. Roughly 5x more expensive on taker fills. For high-frequency strategies where execution cost eats into edge, that gap compounds fast.
Funding rates add another cost layer and diverge between platforms on the same pair in the same session. Our funding rates tracker compares both in real time.
Asset Coverage and Liquidity
MEXC lists 2,900+ spot assets, posts roughly 4x BingX's perp volume, and holds double the open interest. If a token is trending, MEXC usually has the perp first. BingX supports around 1,000 spot tokens with a smaller perp catalog that covers majors and mid-caps well but falls behind on long-tail assets.
On BTC and ETH, MEXC's books are deeper with tighter spreads. BingX's liquidity is fine for retail-sized positions but thins on lower-cap perps. Both carry thinner books than Binance, Bybit, or OKX. Compare depth on our perpetual exchanges overview.
Copy Trading
BingX's clear differentiator. 400,000+ elite traders, 1.3 billion cumulative copy orders, AI-powered analytics added in 2026. Copiers filter by ROI, win rate, max drawdown, and P&L curves, then mirror positions on isolated sub-accounts. BingX also extends copy trading into its TradFi markets, which MEXC does not.
MEXC offers copy trading but it is basic by comparison. If social trading is core to how you engage with perps, BingX is well ahead.
TradFi Exposure
BingX offers TradFi perpetual futures covering 50+ assets including gold, oil, forex, US stocks (TSLA, NVDA), and indices (S&P 500, NASDAQ 100), with leverage up to 500x on select forex perps. MEXC does not offer a comparable suite. If you want stocks, commodities, or forex alongside crypto perps, BingX is the only option between the two.
Leverage
- MEXC: up to 200x on select crypto pairs
- BingX: up to 125x on crypto perps, up to 500x on forex TradFi perps
MEXC's 200x is the highest among major centralized exchanges. In practice, a 0.5% adverse move at that leverage liquidates the position. Track where pressure builds on our BTC and SOL liquidation heatmaps.
Security
Both have baggage. BingX suffered a $44-52M hot wallet breach in September 2024 across multiple chains, covered losses from reserves, and resumed withdrawals within 24 hours. MEXC has not disclosed a breach but has drawn persistent complaints about frozen funds and abrupt token delistings. Neither has the crisis-tested track record of a top-tier exchange.
Regulation
Neither is well regulated. This is the most important caveat.
- BingX holds FSIC (Lithuania), FinCEN MSB, and AUSTRAC registrations. Restricts derivatives in 21 jurisdictions. See our BingX restricted countries breakdown.
- MEXC is effectively unlicensed. Estonian license revoked November 2023. Warnings from Hong Kong's SFC, Germany's BaFin, Japan's FSA, and Canada's BCSC.
BingX holds a slight edge, but neither offers the protections of a VARA, CySEC, or MAS-licensed exchange. Traders who need that should look at our full exchange comparison.
The Bottom Line
Choose MEXC if rock-bottom fees and the widest altcoin perp catalog are your priority, and you accept the risk of an effectively unregulated exchange.
Choose BingX if copy trading is central to your strategy, you want TradFi perp exposure alongside crypto, and you prefer an exchange with at least some regulatory footing.