BTCC vs. MEXC: A Complete Comparison In 2024
By:W, LeahIn the competitive landscape of cryptocurrency exchanges, what is challenging and often confusing though, especially for completely inexperienced, aspiring crypto traders is looking for a cryptocurrency exchange that is most suitable for them to open an account with. Choosing a best exchange based on individual demand and preference is the most crucial step in the process of trading crypto.
In this article, we will compare BTCC and MEXC, two leading exchanges in the world, based on factors such as supported cryptocurrencies, fees, security, customer service, service scope and ease of use. We believe traders will make a wise choice between the two exchanges after read the following part.
A Closer Look at BTCC
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| Name | BTCC |
| Launched | 06/2011 |
| Website | https://www.btcc.com/ |
| Blog | https://www.btcc.com/blog/ |
| https://twitter.com/BTCCexchange | |
| Maker Fees | 0.045 |
| Taker Fees | 0.045 |
| Perpetual Trading volume(24h) | $ 26.8B |
| Perpetual Trading Pairs | 338 |
| Spot Trading volume(24h) | $ 15.1B |
| Spot Trading Pairs | 121 |
| Fiat Supported | |
| Update Time | 2024-11-23 07:40:01 |
As one of the longest-serving exchanges in the world, BTCC usually enjoy good reputation in terms of security as it hasn’t reported any security breaches to date. Obviously, security is not the only shining point supporting BTCC’s rapid development. In addition to industry-leading security, BTCC also has many other standout features attracting many crypto enthusiasts.
One of the most appealing aspects of BTCC is its low trading fees. With competitive fee structures that make trading affordable and accessible to all users, BTCC successfully ensures that traders can maximize their profits without being burdened by hefty fees. Besides, BTCC boasts lightning-fast transaction speeds, allowing users to access their funds quickly and efficiently whenever they need them.
| BTCC | Pros | Cons |
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| Download App for Android | Download App for iOS |
A Closer Look at MEXC
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| Name | MEXC |
| Launched | 04/2018 |
| Website | https://www.mexc.com/ |
| Blog | https://t.me/MEXCEnglish |
| https://twitter.com/MEXC_Official | |
| Maker Fees | 0 |
| Taker Fees | 0.01 |
| Perpetual Trading volume(24h) | $ 34.6B |
| Perpetual Trading Pairs | 581 |
| Spot Trading volume(24h) | $ 4.9B |
| Spot Trading Pairs | 2705 |
| Fiat Supported | EUR, USD, GBP, VND, RUB, KRW, JPY, BRL, TRY, HKD, AUD, CHF, CAD, THB, PHP |
| Update Time | 2024-11-23 07:38:01 |
Since its inception in 2018, MEXC has emerged as a significant player in the competitive landscape of cryptocurrency exchanges. MEXC is known as the exchange of high performance and mega transaction matching technology as the team at MEXC are some of the first movers and pioneers of financial and blockchain technology.
MEXC has expanded its presence over and across major continents and jurisdictions around the globe, demonstrating remarkable growth and innovation. Due to the offering of a mix of traditional spot trading and advanced features like futures trading and leverage ETFs, MEXC is known as a versatile platform for investors worldwide.
| MEXC | Pros | Cons |
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BTCC vs.MEXC: Overview
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BTCC vs. MEXC |
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| BTCC | MEXC | |
| Supported Cryptocurrencies | 300+ | 1700+ |
| Fees | Compared with other major crypto exchanges, the fees charged by BTCC is relative low, such as only charging 0.06% for both takers and makers | MEXC’s fee structure is competitive, charging 0% spot maker & taker fees, 0% futures maker fee and 0.02% taker fee, but withdrawal fees are high depending on factors such as blockchain congestion and the specific cryptocurrency |
| Security | Take robust security measures in place, with no reported hacks or security breaches to date | Extremely high security with strict measures like 2FA, cold storage and regular audits and compliance checks |
| Customer Service | Offer excellent customer service via email and live chat | Offer 24/7 support, but some users have noted delays in response times |
| Service Scope | Offer service to more than 6 million registered users in more than 100 countries and regions | Cater to more than 10 million users in more than 170 countries and regions around the world |
| Ease of Use | Thanks to its sleek and user-friendly interface, BTCC gives a seamless and enjoyable experience to both newcomers and experienced traders | Simple user interface, catering to both novice traders and seasoned investors, but lack enough educational resources |
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| Download App for Android | Download App for iOS |
Conclusion
Despite MEXC is a relatively new crypto exchange, it emerges as a significant player in the cryptocurrency exchange landscape with its several notable strengths, like a wide range of cryptocurrencies, competitive fees, user-friendly interface, robust security.
On contrast, BTCC is a relative mature with longer history. BTCC may be a better choice for those looking for better trading experience, timely customer support and global compliance.
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BTCC Exchange FAQs
Is BTCC Legit?
With a long operation history of 13 years, BTCC boasts an impressive user base and a stellar track record. As one of the oldest exchange around the world, BTCC puts a strong emphasis on conducting business in various countries and regions under the premise of lawfulness and compliance. Currently, BTCC has obtained regulatory licences in a variety of countries.
Can Canadian Investors Trade Cryptos on BTCC?
Of course, BTCC is legit in Canada as it has already received a crypto licence issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Canadian traders can log in BTCC to trade cryptos with highest security level and most competitive fee.
How To Open a BTCC Account?
Opening an account on BTCC is quite easy.
Firstly, you need to click the “register” button on the right corner of BTCC homepage.
Then, you can create an account using an Email ID or Mobile Number.
Why should I Choose BTCC for Crypto Trading?
BTCC is among the best and safest platforms to buy/sell Bitcoin(BTC) and other cryptocurrencies. The reasons why should you choose BTCC set forth as below:
- Industry-leading security with no reported hacks or security breaches to date
- High Liquidity & Volume
- Extremely low fees on the market & up to 225x leverage
- High and rich bonus
- Excellent 24/7 customer service
Is BTCC the Best Exchange Option for You?
If you put your trading priorities on leading cryptocurrencies like Bitcoin, probably BTCC is the best exchange choice for you. This trading platform has been focused on leading cryptos like Bitcoin since its inception in 2011. Besides, BTCC offers a very friendly platform for all categories of traders: both experienced and beginners.
How to Trade Crypto Futures on BTCC?
BTCC supports trading for Perpetual Futures contracts with leverage up to 500×, you can buy over 300 cryptocurrencies on BTCC at the most competitive price and highest security.
The following sets forth the step-by-step guidance for crypto futures trading (take Bitcoin as an example) on cryptocurrency exchange BTCC:
Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.
Step Two: on the BTCC official homepage, choose “Deposite”, and then fund your account with your preferred method (fiat deposit, crypto deposit or convert).
Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find BTC/USD trading pair.
You can also directly click the button below to enter the BTC order page.
Step Four: choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.
- Market Order: users place orders at the best price in the current market to achieve fast trading.
- Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
- SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.
Step Five: adjust the leverage multiple.
Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.
Step Six: choose the lot size and set the SL/TP price .
Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.
Step Eight: click the buy or sell button, and BTC futures contract order is completed.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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