Key Takeaways

• MEXC and Bitget are ranked among the world’s top 10 centralized exchanges by liquidity and cryptocurrency trading volumes.

• MEXC is better in terms of supported cryptocurrencies, referral and affiliate programs, and trading fees.

• Bitget stands out for its superior copy trading, user interface, advanced tools, trading bots, and innovative features.

Confused between MEXC Vs. Bitget? If so, you’ve landed on the right page. MEXC and Bitget are top trading platforms in the crypto space. Both exchanges support spot trading, futures trading, and P2P trading. They also demonstrate similar standards in security features, customer support, mobile app performance, and overall trading experience. 

In this article, we’ll evaluate the key differences between MEXC and Bitget based on various parameters, including products and fees. We’ll also analyze their safety measures, referral programs, customer services, and user feedback.

What is MEXC?

MEXC is a leading crypto exchange, known for its comprehensive liquidity, blazing-fast trading engine, daily airdrops, and extremely low fees. It is also a go-to platform for memecoin enthusiasts. 

Additionally, it features a broad selection of cryptocurrencies, including trending altcoins. If you want to gain early access to tokens of star projects, MEXC is the best. 

Established in 2018, MEXC operates in 170+ countries and has a user base of 40+ million. As a pioneer in blockchain technology and financial services, MEXC aims to simplify and promote crypto trading worldwide. 

MEXC is best for:

• Very low trading fees:  Unlike most exchanges, MEXC doesn’t levy maker fees. Its taker fees are also nominal and keep decreasing as you advance to higher VIP tiers. Moreover, MX holders are entitled to fee discounts of up to 50%. Furthermore, MX tokens are prioritized for fee deductions, enabling you to get a 20% rebate. 

• Up to 500x leverage: MEXC offers up to 500x leverage on USDT-settled Bitcoin and Ethereum futures. Plus, you get up to 300x leverage on many coin pairs.

• Memecoin and new token trading: MEXC supports numerous cryptocurrencies, including emerging tokens. Through its Launchpad, Launchpool, and Meme+ platform, MEXC provides early access to promising tokens and memecoin gems. 

What is Bitget?

Bitget is a reputable cryptocurrency exchange that enjoys immense popularity among crypto communities, especially for its copy trading services. 

From spot and derivatives trading to demo accounts and TradingView-integrated charts, Bitget offers multiple features and advanced trading tools. If you want to earn passive income, Bitget provides a variety of capital-guaranteed and structured products that generate high APRs. 

Founded in 2018 by a group of early adopters of blockchain technology, Bitget has grown phenomenally since its inception. It serves 120+ million customers across 150+ countries and has registered daily volumes of 20+ billion USDT. It aims to foster financial inclusion and encourage users to embrace cryptocurrencies. 

Bitget is best for:

• Copy trading: Bitget is a leading platform for copy trading globally. It has over 190,000 master traders and 800,000+ followers. 

• Advanced trading bots: Bitget offers various automated tools, including AI bots, to help traders make profits regardless of market trends. These include spot grid, futures grid, spot martingale, futures martingale, smart portfolio, futures signal bot, funding rate arbitrage, and more.

• Crypto loans: Bitget enables you to borrow funds by pledging crypto assets as collateral. If you’re a VIP member, you’ll receive 20% off on interest rates. Those who need higher loan amounts at competitive rates for flexible durations can apply for premier loans.

MEXC vs Bitget: Trading Features

MEXC vs Bitget: Key Products and Services

What MEXC Offers?

• Spot trading: MEXC enables you to trade 4,201+ cryptocurrencies, including major coins like Bitcoin and Ethereum, in the spot market. It supports 2,668+ spot pairs.

• Pre-market trading: It is an over-the-counter (OTC) service that allows you to buy/sell new tokens before they’re officially listed on most exchanges. It helps traders specify prices and match trades independently, enabling them to buy/sell cryptocurrencies at desired prices.

• Margin trading: MEXC facilitates leveraged trading of cryptocurrencies, helping you control large positions with less capital. It also allows you to choose between isolated and cross-margin modes.

• Futures trading: The platform offers stablecoin-settled (USDC and USDT) and coin-settled perpetual contracts. It supports 1,533+ futures pairs.

• Copy trading: It helps you emulate the trades and strategies of experts. Based on your pre-defined parameters, the system automatically tracks your chosen master trader’s signals to open/close your positions. 

• Demo trading: It helps new traders practice a USDT-M futures trade in a simulated environment. You can test various strategies and calculate your profits/losses before executing actual trades. 

• Grid trading: This functionality helps you automate futures trades or open long/short/neutral positions at predetermined price levels. 

• Earn: MEXC offers multiple staking/earning products to help traders generate passive income from their crypto holdings. These include flexible savings, fixed savings, on-chain earn, hold and earn, and futures earn.

• Learn: MEXC publishes numerous guides, trading strategies, and expert tips to help beginners hone their crypto trading skills. 

What Bitget Offers?

• Spot trading: Bitget supports 685+ cryptocurrencies, including Bitcoin and popular altcoins, and 785+ spot pairs.

• Futures trading: Bitget features 749+ futures pairs and allows you to choose USDT-M, USDC-M, or coin-M perpetual contracts. The exchange also offers coin-settled expiry (delivery) futures. 

• Margin trading: Bitget enables you to maximize capital efficiency and amplify your earnings with borrowed funds. It offers up to 125x leverage on select pairs and supports more order types for risk management. 

• Copy/social trading: You can choose lead traders based on various parameters like TraderPro certification, ROI, PnL, etc. You can specify desired parameters, including token pairs, order amounts, and take-profit/stop-loss levels. While Bitget helps you mirror an expert’s trades in real-time, it also offers elite trading bots. 

• Earn: Bitget provides a variety of passive-income yielding and principal-guaranteed products. These include Simple Earn Flexible, On-chain Earn, On-chain Yield, HodlerYield, Shark Fin, and Dual Investment.

• Trading bots: The exchange offers numerous pre-programmed bots tailored to bull, bear, and sideways market conditions. 

• Academy: It comprises extensive learning resources, including price analysis, market updates, and trading strategies for both beginner and experienced traders. 

When we compare MEXC and Bitget with regards to trading fees, MEXC stands out clearly. It charges lower trading fees and doesn’t levy maker fees for spot transactions. The platform also imposes lower withdrawal fees for most cryptocurrencies and networks.

If you need a debit card to make crypto payments, the Bidget card is better as it charges less fees.

MEXC supports more trading pairs and crypto coins. It also offers higher liquidity for upcoming tokens and memecoins. However, Bitget supports a higher number of fiat currencies. 

MEXC vs Bitget: Security Measures

MEXC

• $100 million guardian fund: It provides instant and complete coverage for platform issues.

• Proof-of-reserves: User assets are backed 1:1 by the exchange’s reserves, which are accessible 24/7. Reserve rates exceed 100% and are verified in real-time.

• Futures insurance fund: It safeguards traders from intense market volatilities.

• Advanced security protocols: MEXC has implemented robust measures like two-factor authentication (2FA), cold storage, anti-phishing code, withdrawal whitelisting, and SSL encryption.

Bitget

• Protection fund: Bidget maintains a protection fund, currently valued at $703+ million, to protect user assets from cyber threats.

• Proof-of-reserves: Bitget holds 100% of customer assets in reserves. It also publishes its reserve ratio, platform reserves, and Merkle Tree proof monthly.

• Dual-wallet system: For enhanced security, Bitget combines hot and cold wallets. It stores your assets in multi-signature cold storage. 

• Advanced security features: The exchange has implemented various measures like two-factor authentication, withdrawal allowlisting, and fund codes.

Both cryptocurrency exchanges have powerful security features to safeguard user funds. If you trade derivatives regularly, MEXC is more suitable as it has established an exclusive futures insurance fund.

MEXC offers higher commissions to referrers and affiliates, and for a longer duration too. Therefore, MEXC wins in terms of referral/affiliate programs. In general, use MEXC referral codes and Bitget referral codes to maximize your earnings and receive exclusive benefits.

Bitget Vs MEXC: User Experience

While both crypto exchanges have user-friendly interfaces, most traders find Bitget’s interface cleaner and more intuitive. 

Bitget app Vs MEXC app

Both cryptocurrency exchanges facilitate seamless trading on the go. The MEXC and Bitget apps enjoy a rating of over 4.5/5 on Google Play and Apple stores. As the apps are optimized for iOS and Android devices, you can easily access most features on your smartphones and tablets. When it comes to mobile trading, MEXC’s interface is more user-friendly. Bitget’s, while customizable, is more complex to navigate.

Bitget wallet Vs MEXC wallet

The MEXC wallet is specifically designed to store, manage, transact, and stake cryptocurrencies. It is integrated with the MEXC exchange and offers multi-currency support with minimal slippage. It provides multiple safety layers through security measures such as 2FA, cold storage, and encrypted private keys. 

If you’re looking for a non-custodial multi-chain wallet that offers a complete suite of services, Bitget wallet is worth exploring. It offers swaps, market reports, staking, and crypto payment services. It has a dedicated dApp browser and allows you to create/import an NFT wallet. Moreover, it’s backed by a $300 million protection fund. Overall, Bitget wallet is more feature-rich.

MEXC vs Bitget: Customer Support

MEXC and Bitget offer 24/7 multilingual support via e-mail, live chat, Help Center, and FAQs. You can also seek help from active communities on Telegram and other social media platforms. On the flip side, both don’t provide phone support. 

Conclusion

Both cryptocurrency exchanges provide a streamlined trading experience and cater to diverse trading needs. If you’re focused on cost-efficiency, balanced features, referral rewards, and a vast coin selection, go for MEXC. If you want to engage in social trading or need advanced features, choose Bitget.