MEXC Fees: A Comprehensive Guide

You may have stumbled upon MEXC while searching for a reliable cryptocurrency exchange. It’s well-regarded for its variety of trading services and fast, secure transactions. At the same time, you might have heard that MEXC fees are among the most competitive in the industry. But is that really the case? Let’s take a closer look at the charges to find out!

Understanding a platform's fees is very important to get the most out of your trades. From additional trading and withdrawal charges to other potential expenses, having a clear grasp of how they work can empower you to make smarter, more informed decisions.

That said, by the end of this guide, I hope you’ll have a clear understanding of MEXC fees and how they compare to other major exchanges like Bybit, Binance, or Kraken.

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Unpacking MEXC Fees

Let’s start with a few basics about the MEXC fee structure. The platform applies them depending on the service you’re using. Whether it’s spot trading, futures trading, or withdrawing your holdings, each has its own setup.

But before you can fully access some of these features, there’s a quick but essential step to complete: Know Your Customer (KYC) process. This involves verifying your identity by submitting a valid government-issued ID based on your country of residence.

In some cases, you might also need to complete facial recognition. This process is essential to ensure compliance with regulations and helps maintain a secure trading environment for everyone.^[1]

Once your verification is complete, things become much smoother. You’ll unlock benefits like higher MEXC withdrawal limits, access to exclusive savings events, and even more advanced trading features. If you’re planning to make this platform your go-to trading exchange, completing KYC is a must. If you’re not sure how to get started, you can check out this guide to help you through the process.

Alright, now that we’ve covered the groundwork, let’s dive deeper and unpack MEXC trading fees!

MEXC Trading Fees

MEXC trading fee structure is simple and easy to understand. Rather than using a tiered system where the additional charges vary based on your trading volume, the platform keeps things consistent with a flat baseline fee for most users. Whether you trade occasionally or frequently, you can plan your costs with confidence, without any hidden complexities.

Now, if you’re an active trader, you might be wondering, “What’s in it for me if there’s no volume-based discount?” Well, no worries—MEXC hasn’t forgotten about you.

While the flat fee structure applies to most users, active traders can unlock exclusive perks through the VIP program. By meeting specific requirements, you can qualify for the plan and access the special benefits with reduced rates. I'll break down how it works a bit later.

That said, MEXC still employs a maker-taker fee model across its trading products, just like most major exchanges in the industry. If you’re new to crypto trading or need a quick refresher, here’s the gist:

• A Maker adds liquidity to the market by placing limit orders that don’t match immediately. These orders sit on the order book, providing opportunities for others to trade against.
• A Taker, on the other hand, removes liquidity by matching with existing orders in the order book. This usually happens with market orders or limit orders that execute immediately.

To put it simply, if your order waits in the market for someone to match it, you’re a maker. If your order gets filled instantly by matching with someone else’s, you’re a taker.

Understanding this distinction is key to navigating trading costs and how exchanges operate. Many platforms, including MEXC, often reward makers with lower fees because they help keep the market active and liquid.^[2]

Now that you’ve got a handle on the MEXC maker-taker model, let’s explore how it applies this structure to its two main trading categories: spot and futures.

Spot Trading Fees

For the spot market, MEXC charges a flat trading fee of 0.05% for both makers and takers. These rates are calculated based on your trade volume and are automatically deducted from the currency you’re trading with.

Let me give you an example: Imagine Jeff is trading the BTC/USDT pair. If he sells 1 BTC for 100,000 USDT, the MEXC trading fee would be 0.05% of 100,000 USDT, which comes to 50 USDT. It is immediately deducted in USDT, so Jeff doesn’t have to worry about converting currencies or dealing with complex calculations.

Also, note that MEXC only charges fees on completed trades. If an order doesn’t execute or gets canceled, you won’t lose a thing. This policy ensures fairness and keeps you from spending money unnecessarily.

Futures Trading Fees

MEXC futures rates are just as straightforward as its spot trading structure. For both USDT-M and Coin-M perpetual contracts, makers benefit from a 0% charge as an incentive for providing liquidity, while takers pay a competitive 0.02% fee based on the position's value.

Let’s break it down with an example: Imagine Jeff buys a 1 BTC long position in BTC/USDT futures at a price of 50,000 USDT. The taker fee would be 0.02% of the position value, which works out to 10 USDT. It is also automatically deducted so Jeff can focus on trading strategies without the hassle of manual calculations.

Now, let’s talk about another key aspect you’ll encounter when trading perpetual contracts: funding rates. These aren’t platform-set charges like the standard MEXC futures fees.

Instead, they’re payments exchanged directly between traders to keep the perpetual futures market aligned with spot prices. These rates are calculated every eight hours, and whether you pay or receive depends on whether the funding rate is positive or negative.

Let’s revisit Jeff’s 1 BTC long position at 50,000 USDT. If the funding rate is positive (let’s say 0.01%), Jeff would owe a funding fee to traders holding short positions. That means his payment would be 50,000 x 0.01%, which equals 5 USDT. On the other hand, if the funding rate is negative (say -0.01 %), Jeff would receive 5 USDT from the short traders.

As you can see, the funding rate can have a noticeable impact on your trading costs. Therefore, it’s crucial to keep an eye on these rates alongside standard MEXC futures fees. You can check the current funding rates easily on the platform's official website.

MEXC Deposit Fees

When it comes to MEXC deposits, it’s good to know that the platform doesn’t charge any fees for cryptocurrency transfers. This means you can move your coins from other wallets or exchanges into your account without worrying about extra costs. Pretty convenient, right?

That said, there are some important details to keep in mind.

First, always double-check that the network you select on MEXC matches the network of the platform you’re withdrawing from. If it doesn't, your funds could be lost, so take an extra moment to confirm this step—it’s worth the hassle.

Also, note that some cryptocurrencies have a minimum deposit amount. If your deposit is below the threshold, it won’t be credited to your MEXC account and, unfortunately, cannot be refunded. To avoid this, always check the minimum deposit requirement for your chosen cryptocurrency before initiating a transfer.

Now that you understand how MEXC deposit rates work, let’s move to withdrawal fees.

MEXC Withdrawal Fees

Unlike deposit rates, which are free for all cryptocurrencies, MEXC withdrawal fees vary depending on the coins and the blockchain network you choose. Factors like network congestion can play a significant role. Generally, popular networks often come with higher costs due to high demand, while less crowded or faster ones tend to offer more competitive rates.

Let’s look at Jeff’s example. Suppose he wants to withdraw ETH. If Jeff chooses the Ethereum Network, the fee is 0.0011 ETH, and the transaction might take a bit longer to complete. However, if he opts for the BNB Smart Chain, the cost drops significantly to 0.00013 ETH, with a faster arrival time.

You can easily check the exact MEXC withdrawal rates for your chosen network on the platform's fee structure. This makes it simple to compare networks and choose the one that best suits your needs. That said, don’t just go for the cheapest option! Always double-check that the network you select is compatible with your crypto wallet to avoid any issues with your transfer.

While exploring the withdrawal rates, you’ll also come across the minimum limit. This is the smallest quantity of a specific cryptocurrency you can withdraw. For example, if Jeff withdraws ETH using the Ethereum Network, the minimum amount is 0.003 ETH. However, if he uses the BNB Smart Chain, he needs to withdraw at least 0.0003 ETH.

Another important factor to consider is the amount of coins you can withdraw within 24 hours, which largely depends on your KYC verification level. Here’s how the MEXC limit is structured:

Table: MEXC 24-Hour Withdrawal Limit

Do note that they are calculated based on the value of your asset in Bitcoin. For instance, Jeff hasn’t completed any KYC, so he can withdraw up to an amount of ETH equivalent to 10 BTC in value per day.

Additionally, if you haven’t verified your account yet, like Jeff, there’s another restriction to keep in mind. Depending on your country of residence, non-KYC users may have a combined deposit and withdrawal cap of 1,000 USDT. While this might be manageable for occasional traders, it’s a relatively strict limit if you plan to handle larger amounts or transact more frequently. In that case, completing your KYC verification is definitely worth it.

How to Reduce MEXC Trading Fees?

Now that I’ve covered the essentials of MEXC fees, I’ve got something exciting to share with you. Did you know there are ways to reduce those rates? In some cases, you can even eliminate certain fees entirely! Let me show you how.

Applying for VIP Plans

As I’ve mentioned earlier, if you’re a high-volume, frequent trader looking for ways to cut down on MEXC fees, the VIP Program could be precisely what you need. Designed specifically for active users, this plan not only reduces your MEXC trading rates but also offers a suite of exclusive benefits to enhance your overall trading experience.

The MEXC VIP program uses a tiered system, where the perks get better as you move up the ranks. Here’s the breakdown:

• Gold VIP: You’ll qualify for this tier with platform assets of 300,000 USDT or more.
• Diamond VIP: This level is unlocked with assets totaling 1,000,000 USDT.
• Premium VIP: For traders maintaining assets of 2,000,000 USDT or higher.

Each tier offers unique benefits, with Premium members enjoying the most exclusive services. Plus, your VIP level remains locked for retention—20 days for Gold, 40 days for Diamond, and 60 days for Premium—ensuring you get consistent benefits without sudden downgrades. Here’s a quick overview of the benefits:

Table: MEXC VIP Perks

Additionally, if you’re already a VIP trader on Binance, Bybit, or any other major exchange, you can qualify for the MEXC VIP Experience Card. The application process is pretty simple—just provide proof of a cumulative spot and futures trading volume of $10 million on other platforms within the past month.

Once approved, you’ll unlock 30 days of exclusive benefits designed to significantly lower your trading costs. For futures trades, you’ll enjoy MEXC maker-taker fees as low as 0% and 0.01%, respectively. Additionally, spot trading becomes even more cost-effective with rates of just 0.025%, ensuring you save more on every trade.

All in all, I think the VIP program is an appealing way to reduce your trading fees while enjoying premium perks like increased MEXC withdrawal limits, personalized services, gifts, and more. Whether you’re already trading at scale or planning to take it to the next level, these VIP benefits are a good option to consider to maximize your savings and efficiency.

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Utilizing MX Tokens

Another method to reduce your MEXC rates is by using the platform’s native cryptocurrency, MX Token. Essentially, you can take advantage of it in two main ways: holding MX or using it to pay your fees.

Holding at least 500 tokens in your account for 24 hours unlocks a 50% discount on both MEXC futures and spot fees. That’s a solid deal, especially if you trade frequently.

To keep things fair, the platform takes snapshots of your MX balance three times a day. As long as you have 500 MX during these checks, you qualify for the discount.

That said, it’s worth noting that not all trading pairs are eligible for this deal. For futures trading, excluded pairs include BTC/USDT Perpetual and BTC/USD Perpetual. On the spot market, the excluded pairs are as follows:

ANKR/BTC, LBTC/BTC, BAX/BTC, BCH/BTC, SENSO/BTC, DEXE/BTC, BTC/USDT, HIVE/BTC, ATOM/BTC, LTC/BTC, ELF/BTC, RIF/BTC, EOS/BTC, IRIS/BTC, ONT/BTC, OMG/BTC, BADGER/BTC, KSM/BTC, QTUM/BTC, PCX/BTC, METFI/BTC, MX/BTC, BDX/BTC, BTC/USDC, SNT/BTC, BTC/EUR, SOL/BTC, SDAO/BTC, DOT/BTC, ADA/BTC, ETC/BTC, XRP/BTC, STRM/BTC, NWC/BTC, DASH/BTC, BTC/TUSD, ETH/BTC, XLM/BTC, TRX/BTC, and NEO/BTC.

Now, let’s talk about the second option: MX token deductions. By enabling this function, you can use your MX tokens to pay for your fees, which automatically gives you a 20% discount on spot trading charges. The setup is pretty straightforward—if you’ve got enough MX in your account, the system applies the deal. If not, you’re charged the standard MEXC fee rate.

Note that the discount for holding MX tokens doesn’t stack with the MX deduction feature. MEXC gives priority to the MX spot-holding. This means if you meet the 500 token threshold, the deduction feature won’t apply.

For futures trading, it works a little differently. First, you’ll need to transfer MX tokens from your spot to your futures account. Once it’s set up, your MX tokens will offset fees for USDT-margined futures trades, giving you a 20% discount on your MEXC futures rates.

Hunting for Special Trading Pairs

Though not as consistent as previous methods, the platform's special trading pair discounts are still an appealing way to reduce your expenses. By staying informed about these offerings, you can significantly lower your MEXC fees.

Here’s how it works: the platform occasionally highlights specific spot and futures trading pairs with special discounts. On these pairs, MEXC maker-taker fees can drop significantly—sometimes even to zero!

However, it’s important to note that these discounted pairs aren’t fixed. They rotate periodically. For example, as of writing, the special trading pairs include XRP/USDC and XRP/SDT for spot trading, while DOGS/USDT and KAS/USDT are featured for futures trades.

If saving on fees is your goal, I recommend regularly checking the platform’s official website for updates on these special trading pairs. It only takes a moment, and you might save more than you expect!

Taking Advantage of Promotions

When it comes to discounts, MEXC has a dedicated events page that keeps you updated on all the ongoing promotions. These can range from token giveaways to raffles with exciting rewards. And, of course, some of these promotions often include special offers to help you save on MEXC fees.

There’s always something happening on the platform to help lower your trading costs. For example, you might find promotions offering smaller rates for trading new coins, discounts for specific trading pairs within a set time frame, or even waived fees for completing fun challenges.

Keeping an eye on these offers not only helps you save on MEXC fees but also gives you the opportunity to explore all the features the platform has to offer—often at a bargain! To stay ahead, I recommend checking the platform’s event page regularly.

Alternatively, you can follow MEXC on social media to catch the latest updates. With the right timing, these fee discounts and rewards can really add up, especially if you’re trading frequently.

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Comparing MEXC Fees With Other Exchanges

Now that you know the details of MEXC rates and some methods to reduce them, it’s time to see how they measure up against the big players in the crypto space.

MEXC VS Bybit Fees

Bybit is a major name in the crypto industry, known for its advanced trading tools and global reach. It offers an impressive range of trading options, including spot, futures, and options, all paired with competitive fees. But how does it compare to MEXC?

To start, both MEXC and Bybit use the maker-taker fee model for their trading products. However, there’s a key difference: MEXC offers flat trading rates, while Bybit employs a VIP-tiered structure.

With Bybit, your fees decrease as your trading volume or asset balance grows—your VIP level automatically adjusts based on your activity. This is an excellent perk to have for high-volume traders who can benefit from progressively lower rates.

On the other hand, MEXC’s rates remain consistent for most users. That said, as mentioned earlier, it does offer a VIP program where you can apply to unlock special MEXC fee tiers and additional perks designed for professional traders.

Here’s a comparison of MEXC and Bybit maker-taker fees:

Table: MEXC and Bybit Maker-Taker Fees Comparison

As you can see, MEXC trading fees are lower. However, Bybit’s VIP system could make its rates more appealing for active traders with high monthly trading volumes or substantial asset balances.

Another thing to keep in mind is that Bybit’s actual rates may vary depending on your country of residence. Traders in different regions might face variations in fees, so it’s a good idea to visit Bybit’s official website for the most accurate, region-specific details.

MEXC VS Binance Fees

Binance is easily one of the most popular crypto exchanges—and it’s not hard to see why! It’s massive, highly liquid, and packed with features that cater to everyone. Whether you’re just starting with spot trading or diving into advanced derivatives with leverage, Binance has tools to suit your needs.

When comparing Binance VS MEXC fees, it’s important to understand how each platform sets up its charges. Both exchanges use a maker-taker rate model, but Binance employs a VIP tier system that reduces rates as you progress through the levels. Advancing through the tiers requires a large monthly trading volume and holding a specific amount of BNB in your account.

Here’s a quick comparison of Binance VS MEXC fees:

Table: MEXC and Binance Maker-Taker Fees Comparison

As you can see, MEXC fees are slightly lower than Binance's, especially for regular users. This can make MEXC a better choice if your trading volume is small or if you trade only occasionally. On the other hand, Binance’s VIP tier system provides significant benefits for high-volume traders. By advancing through the VIP levels, you can substantially lower your fees, making it an appealing option for professionals or those who trade in large volumes.

Pros

• Very low trading fees
• Exceptional functionality
• Mobile trading app

Main Features

• Very competitive trading fees
• An intuitive mobile app
• Up to 100x leverage available

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Pros

• A very well-known crypto exchange platform
• More than 500 different cryptos available
• Two-factor authentication

Main Features

• Over 500 different cryptocurrencies available
• Strong security
• Small withdrawal fees

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Pros

• Fully reserved and transparent
• Multiple tradable asset classes
• Early new token support

Main Features

• 265 supports cryptocurrencies
• Secure & transparent
• Fully reserved

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MEXC VS Kraken Fees

Kraken is another well-known cryptocurrency exchange in the space, widely praised for its strong security measures and strict adherence to regulatory standards. It offers a comprehensive suite of features, including spot trading, margin trading, and staking, catering to both beginners and experienced traders.

Like many other exchanges, Kraken uses a maker-taker fee model with incentives based on your 30-day trading volume. Essentially, the more you trade, the lower your rates. This structure aims to encourage activity and keep the market liquid.

Let’s break down Kraken’s fees compared to MEXC to give you a clearer picture:

Table: MEXC and Kraken Maker-Taker Fees Comparison

From the table, you can see that MEXC rates are generally lower than Kraken's, making it a solid choice for beginners or casual traders who prioritize minimizing costs. On the flip side, Kraken’s tiered fee structure can be better suited for seasoned or institutional traders with higher monthly trading volumes. If you'd like to learn more, you can check out this article for a detailed review of Kraken fees!

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Conclusions

Wrapping up, it’s clear that MEXC fees are highly competitive, even when stacked against major players in the industry like Bybit, Binance, and Kraken. With its flat fee structure for spot and trading products, the platform ensures simplicity and transparency. This is especially advantageous for small or casual trades, making MEXC an ideal alternative for beginners or those who trade less often.

Beyond its low fees, the platform sweetens the deal with various add-ons, such as special trading pair promotions, native token discounts, and VIP privileges—all of which can help lower MEXC maker-taker rates and save you money in the long run.

When combined with its intuitive interface and other robust functionality, MEXC strikes a balance that benefits both casual users seeking simplicity and seasoned traders aiming to elevate their trading experience.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Mansoor N., Antora K. F., Deb P., et al.: 'A review of blockchain approaches for KYC';

2. Galati L.: 'Exchange market share, market makers, and murky behavior: The impact of no-fee trading on cryptocurrency market quality'.