MEXC excels in security, liquidity, and referral rewards, whereas KuCoin stands out for options and leveraged token trading.
Choosing between MEXC Vs. KuCoin can be daunting, as both are among the top crypto exchanges globally. Whether you’re a newcomer or an experienced trader, understanding the key differences between them is necessary to make appropriate choices.
This article compares MEXC and KuCoin across various parameters, including security features, fee structures, products, and services. It also provides insights into their referral/affiliate programs, helping you identify the exchange that aligns with your financial goals.
MEXC is a reputable cryptocurrency exchange, offering comprehensive liquidity, a high-performance matching engine, nominal fees, and daily airdrops. It is also a top platform for buying/selling memecoins and gaining early access to high-potential tokens of promising projects. Additionally, it features a wide selection of digital assets, including Bitcoin and blue-chip altcoins.
Launched in 2018, MEXC serves 40+ million users across 170+ countries. It aims to drive global crypto adoption and has been a pioneer in blockchain technology and decentralized financial services.
KuCoin is a popular cryptocurrency exchange, known for its advanced trading features and liquidity mining services. It is also an SOC, ISO, IEC, and PCI-DSS certified exchange with cutting-edge security and compliance measures. These include third-party penetration testing and bug bounty programs.
Established in 2013, KuCoin has over 40 million registered users across 200+ countries. It aims to build a robust infrastructure that enables the seamless creation and transfer of value in the digital world.
Additionally, you can match your idle funds with borrowers and earn interest through Crypto Lending Pro. You can also redeem your loaned-out assets anytime.
MEXC is the clear winner in terms of fees. It charges lower trading fees than KuCoin and also offers higher discounts of up to 50% to its native token (MX) holders. While both exchanges don’t collect deposit fees, MEXC levies lower withdrawal fees for most cryptocurrencies. It also facilitates free withdrawals for some tokens.
Both MEXC and KuCoin have achieved mixed reviews on platforms such as Trustpilot and Reddit. The users of both exchanges have reported issues related to crypto withdrawals, unexpected account freezes, and fund losses. However, their mobile apps have received high ratings of over 4.5/5 on Google Play and Apple stores.
Both cryptocurrency exchanges offer 24/7 customer support via e-mail, live chat, and a help center. You also get detailed answers for FAQs related to MEXC/KuCoin features, helping you navigate the platforms effortlessly.
MEXC Global and KuCoin differ in terms of fees, trading options, security, and staking services. However, both offer various bonuses and platform features to help you buy/sell cryptocurrencies seamlessly and enhance your investment experience. Therefore, you can choose either based on your preferences.
MEXC is a legally-compliant cryptocurrency exchange with powerful security features. Moreover, the platform hasn’t reported any major hacking incidents so far. Therefore, MEXC is trustworthy.
MEXC is better for users seeking lower fees, higher liquidity, memecoins, and emerging tokens of star projects. KuCoin is more suitable for traders who want to use automated trading tools or invest in options and leveraged tokens.
MEXC charges lower fees than KuCoin for trading as well as withdrawals. Moreover, MEXC offers higher fee discounts of up to 50% for MX holders.
KuCoin is more beginner-friendly due to its simpler, cleaner, and more user-friendly interface. It also offers extensive educational resources, including learn and earn courses, helping new users trade with confidence while winning rewards.
KuCoin was hacked in September 2020 by the North Korea-based Lazarus group. This incident resulted in a loss of $275 million worth of cryptocurrencies from its hot wallets. Though KuCoin has bolstered its security protocols following the cyberattack, MEXC stands out for its clean history of no hacks.
