TL;DR — Fee Summary
Spot Fees
Tie
Same as Binance (0.10%)
Futures Fees
MEXC Wins
MEXC 5x cheaper on taker
Withdrawal Fees
MEXC Wins
MEXC generally lower
Bottom line: For spot trading — use whichever platform fits your needs, fees are identical. For futures trading — MEXC's 0% maker fee and 0.01% taker means you pay $40 less per $100K of volume compared to Binance. If you do $500K/month in futures, that's $200/month saved.
Spot Fees: MEXC vs Binance
Both exchanges charge 0.10% maker and 0.10% taker at the standard tier — identical. The MX token discount (MEXC) and BNB discount (Binance) both give 25% off, bringing taker to 0.075% on each. Net of token discounts, spot fees are equivalent.
The only real spot fee difference emerges at VIP 1: MEXC's VIP 1 taker is 0.09% vs Binance's 0.10%. MEXC also reaches VIP 1 faster — $10K/month vs Binance's $1M+/month minimum. For most retail traders, MEXC's VIP tiers are more achievable.
| Fee Type | MEXC | Binance |
|---|---|---|
| Spot Maker (Standard) | 0.10% | 0.10% |
| Spot Taker (Standard) | 0.10% | 0.10% |
| Spot Maker (VIP 1) | 0.09% | 0.09% |
| Spot Taker (VIP 1) | 0.09% | 0.10% |
| Spot Maker (VIP 3) | 0.07% | 0.07% |
| Spot with Native Token | −25% with MX | −25% with BNB |
Futures Fees: Where MEXC Crushes Binance
This is where MEXC's fee advantage is undeniable. MEXC charges 0% maker fee on all futures — every order you post to the order book costs nothing. The taker fee is 0.01% vs Binance's 0.05% — a 5x difference.
On $100,000 of futures taker volume: MEXC charges $10, Binance charges $50. A trader executing $2M/month in futures taker orders pays $800/month on MEXC vs $1,000/month on Binance. The savings scale linearly with volume.
Important context: MEXC's lower fees partly reflect lower liquidity depth. During high volatility, slippage on large orders can exceed the fee difference. For orders under $50,000, MEXC's fee advantage holds clearly. For orders above $200,000, Binance's deeper order books may provide better execution net of fees.
| Fee Type | MEXC | Binance |
|---|---|---|
| Futures Maker (Standard) | 0.00% | 0.02% |
| Futures Taker (Standard) | 0.01% | 0.05% |
| Futures Maker (VIP 1) | 0.00% | 0.016% |
| Futures Taker (VIP 1) | 0.01% | 0.04% |
| COIN-M Futures Maker | 0.00% | 0.01% |
| COIN-M Futures Taker | 0.01% | 0.05% |
Fee savings calculator: At 0% MEXC maker vs 0.02% Binance maker, you save $20 per $100K of maker futures volume. On 0.01% MEXC taker vs 0.05% Binance taker, you save $40 per $100K taker volume. Track your risk before entering leveraged positions with our liquidation calculator.
Withdrawal Fees
MEXC generally charges lower withdrawal fees on most assets. The BTC withdrawal fee is 0.0004 BTC on MEXC vs 0.0005 BTC on Binance — a 20% saving at current prices. For USDT on ERC-20, MEXC charges 10 USDT vs Binance's 15 USDT. ETH is an exception where Binance is cheaper at 0.0005 ETH vs MEXC's 0.004 ETH.
For regular withdrawals, always check the current network fee at withdrawal time — both exchanges update fees weekly based on on-chain gas costs. TRC-20 USDT withdrawals are the cheapest option on both platforms at 1 USDT flat.
| Asset | MEXC | Binance |
|---|---|---|
| BTC | 0.0004 BTC | 0.0005 BTC |
| ETH | 0.004 ETH | 0.0005 ETH (ERC-20) |
| USDT (TRC-20) | 1 USDT | 1 USDT |
| USDT (ERC-20) | 10 USDT | 15 USDT |
| SOL | 0.01 SOL | 0.02 SOL |
VIP Discount Tiers Compared
MEXC's VIP tiers are accessible to retail traders. VIP 1 requires only $10K/month in trading volume — achievable for active retail traders. Binance's VIP 1 requires $1M+/month, making it effectively institutional-only.
Even at matching VIP levels, MEXC's futures fees remain lower across all tiers. The 0% maker fee advantage persists through all MEXC VIP levels. Binance's maker fee never drops to zero even at the highest tiers.
| VIP Tier | MEXC Vol Req | Binance Vol Req | MEXC Futures | Binance Futures |
|---|---|---|---|---|
| Standard | No min | No min | 0%/0.01% | 0.02%/0.05% |
| VIP 1 | $10K/mo | $1M+/mo | 0%/0.01% | 0.016%/0.04% |
| VIP 2 | $50K/mo | $5M+/mo | 0%/0.008% | 0.012%/0.035% |
| VIP 3 | $200K/mo | $20M+/mo | 0%/0.006% | 0.01%/0.032% |
Which Is Cheaper? Ron's Verdict
- You trade futures actively ($50K+/month)
- You want the lowest maker fees (0%)
- You speculate on new altcoin listings
- Your orders are under $50K in size
- You trade large orders ($200K+)
- You hold BNB for the 25% spot discount
- You need maximum regulatory trust
- You use Binance Earn/Launchpad products
Frequently Asked Questions
Does MEXC have lower fees than Binance?
Yes, significantly for futures. MEXC charges 0% maker and 0.01% taker on futures — vs Binance's 0.02% maker and 0.05% taker. On spot, both platforms are identical at 0.10% maker/taker. For active futures traders, MEXC's fee advantage is substantial.
How much can I save on fees by using MEXC instead of Binance for futures?
On $100,000 of futures volume (taker): MEXC charges $10 vs Binance's $50 — a $40 saving. Active traders doing $1M/month in futures would save $400/month on taker fees alone by using MEXC over Binance.
Is MEXC safe to trade on?
MEXC has operated since 2018 without a major hack. It's registered in Seychelles and holds multiple international licenses. However, Binance is larger, more regulated, and has a proven track record across more jurisdictions. MEXC's lower liquidity depth (especially for large orders) is a real consideration for high-volume traders.
Which is better for altcoin trading, MEXC or Binance?
MEXC lists new altcoins significantly faster than Binance — often within 24–48 hours of launch vs Binance's weeks-long listing process. MEXC also lists many tokens that Binance never lists. For new token speculation, MEXC is clearly the better venue.
Does Binance charge lower fees with BNB?
Yes. Holding BNB and enabling the 'use BNB for fees' option gives 25% discount, bringing spot taker to 0.075%. MEXC offers the same 25% discount with MX token. The discount structure is identical — net fees after token discount are nearly the same on spot.
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