Alex is a senior crypto expert with 5 years of experience in the digital asset space. As the founder of 2 successful crypto startups, he has honed skills in crypto, blockchain, NFTs, and DeFi.
HANDS-ON TESTING
5+
YEARS OF EXPERIENCE
38+
HARDWARE WALLETS TESTED
110+
CRYPTO EXCHANGES REVIEWED
Find 10+ alternatives, competitors, and apps like MEXC from a list of my best crypto exchanges…
1
CoinEx: Best for no-KYC trading
- No-KYC Friendly: Allows trading and daily withdrawals up to $50,000 without requiring mandatory identity verification
- Huge Altcoin Inventory: 1,300+ cryptocurrencies and 1,900 trading pairs, beating most crypto exchanges.
- Automated AMM Yields: Automated Market Maker liquidity pools that let you earn passive income on trading fees
- Best for: CoinEx is a top alternative for privacy-focused traders and altcoin hunters wants low-cap tokens without going through identity checks.
2
Pionex: Best for low-fee trading bots (no-KYC)
- Built-In Free Trading Bots: Provides 16 free automated trading bots directly inside the exchange
- Industry-Low Trading Fees: Charges a flat spot fee of just 0.05%, which is half of Binance’s base 0.10% rate
- Aggregated Market Liquidity: Combines liquidity directly from major exchanges like Binance and KuCoin to ensure fast order execution and tight spreads.
- Best for: Pionex is best for crypto investors and beginners looking for low-cost, hands-free automated trading without paid third-party tools.
3
Bitget: Best MEXC alternative for beginners
- Licenses: Registered or licensed in Australia, El Salvador, Argentina, Georgia, Mexico, and Switzerland
- Trading Features: Spot, futures, margin, copy trading, bots, P2P, Earn, and Launchpool.
- Trading Fees: Spot fees start at 0.10%; futures fees start at 0.02%.
- Best for: Bitget is best for copy trading and beginner-friendly futures trading. It also suits users who want built-in bots and automated strategies.
4
MEXC: Best for low-fee derivatives trading
- Lowest Fees (Zero Maker Fees): 0% maker fees on spot and futures trades, and very low taker fees.
- Massive Altcoin Selection: 3,000+ crypto coins. It is famous for listing brand-new tokens and low-cap “gems”.
- Super High Leverage: Up to 200x to 500x leverage on select trading pairs
- Easy Sign-Up & no-KYC: Trade without KYC and withdraw up to 10 BTC/day
- Best for: MEXC is best alternative for active zero-fee traders and those looking to discover brand-new memecoins
5
BingX: Best for copy trading
- Licenses: AUSTRAC registration in Australia; registered digital-currency exchange in Lithuania.
- Industry-Leading Copy Trading: Copy top elite traders and AI strategies automatically with a single click.
- High Derivatives Leverage: Up to 150x leverage on perpetual futures contracts
- Best for: BingX is best for social traders and beginners looking to leverage automated copy trading and practice with risk-free demo funds.
6
Bybit: Best competitor for futures trading
- Licenses: Holds Dubai VARA, Cyprus CySEC, Kazakhstan AFSA, and Indian FIU approvals.
- Trading Features: Delivers spot, perpetual futures, crypto options, copy-trading, and AI bots.
- Trading Fees: Charges 0.10% spot fees and 0.02%/0.055% maker/taker derivatives fees.
- Best for: Bybit is best for futures, options, and advanced derivatives trading. It is also a better alternative for traders who need high liquidity and trading bots.
7
Kraken: Best for U.S. and UK users
- Flawless Security Record: Operating since 2011, Kraken has never lost customer funds to an external security hack.
- Top-Tier Regulation: Highly regulated globally with US registrations and EU MiCA licensing.
- Deep Fiat On-Ramps: Offers direct, fast fiat deposits and withdrawals in USD, EUR, GBP, CAD, and AUD.
- Kraken Pro Interface: Features low trading fees, advanced order types, and professional charting tools for active traders.
- Best for: Kraken is best for security-conscious traders and US/EU investors looking for a fully regulated, top-tier crypto exchange
8
KuCoin: Similar app for altcoins
- Licenses: Holds Seychellois FSA, Cayman CIMA, and Australian AUSTRAC licenses.
- Trading Features: It offers spot, futures, margin, trading bots, and altcoin gems.
- Trading Fees: Spot: 0.10%; futures: 0.02% maker and 0.06% taker.
- Availability: Serves 200+ countries but blocks the US, Canada, and Singapore.
- Best for: KuCoin is the best alternative for altcoins and automated trading bots. It also suits active traders seeking futures, margin, and early-stage tokens.
9
Binance: Best for high liquidity and volume
- Significantly Lower Trading Fees: Low baseline fee of 0.10% (or even less when paying with BNB token)
- Advanced Trading Tools and Derivatives: Features deep crypto derivatives, perpetual futures contracts, high leverage, and automated grid bots
- All-in-One Crypto Ecosystem: Includes integrated features like Binance Launchpad for early token sales, broader crypto staking options, P2P trading, and NFT markets
- Best for: Binance is best for active traders, cost-conscious investors, and high-volume traders
10
Coinbase: Best for security
- Unmatched Regulatory Compliance: FinCEN registration; U.S. state licenses; MiCA, FCA, MAS, and ASIC approvals.
- Beginner-Friendly App: Super simple interface makes buying and selling crypto very easy for beginners.
- Direct Local Fiat On-Ramps: Fast and easy cash deposits using traditional bank transfers and cards.
- Best for: Coinbase is the best option for beginners, long-term investors, and US or EU users who prioritize legal safety and high security above all else.
11
Gate.io: Best for mobile users
- Unrivaled Coin Selection: 3,500+ coins, offering access to rare low-cap projects long before any cryptocurrency exchange.
- Startup Airdrop Launchpad: Offers free token airdrops via Gate Startup
- Advanced Trading Products: Crypto derivatives, structured financial products, copy trading, and automated grid bots
- Best for: Gate.io is best for mobile users to trade early-stage projects and claim token airdrops before mainstream exchanges list them.
12
Ledger Wallet: Best for self-custody & cold storage
- Full control over your crypto: Ledger keeps your private keys offline
- Airtight Offline Cold Storage: Private keys stay isolated offline on a certified EAL6+ Secure Element chip
- Huge Asset & App Ecosystem: Manages 5,500+ coins and connects natively to DeFi, staking, and NFTs via the Ledger Wallet app.
- No Mandatory KYC Restrictions: You buy and hold assets directly without identity verification hurdles, geographic restrictions, or platform lockouts.
Summary: The best alternatives to MEXC exchange are CoinEx, Pionex, Binance, Bybit, Bitget, KuCoin, Gate.io, BingX, Kraken, Coinbase, and Ledger Wallet.