Binance.US vs MEXC

How Binance.US vs MEXC compare on our ratings, exchange specs, funding, pros and cons.

VS
MEXC3.4/5
Feature
Ratings
Our score4.1/53.4/5
User ratingNo reviews yetNo reviews yet
Fees5.04.5
Security & trust4.02.5
Asset selection4.04.5
Ease of use4.03.5
Support3.52.5
Specs
MarketsSpot, OTCSpot, Futures, Margin, Copy trading, P2P
Maker fee0%0%
Taker fee0.02%0.05%
Coins listed2001,438
Fiat deposit methodsBank transfer, Card, Apple Pay, Google Pay, ACHNot disclosed
KYC required YesNot disclosed
Accepts US customers Yes No
Proof of reserves Yes Yes
Staking / earn YesNot disclosed
Mobile app YesNot disclosed
Licenses & registrationsFinCEN MSB, 32 US State Money Transmitter LicensesNot disclosed
Security featuresU.S.-based cold storage, Multi-factor authentication, SOC 2 Type II certified, ISO 27001 certified, ISO 27701 certified$100M Guardian Fund, On-chain fund verification
Futures & perpetuals No Yes
Max leverage (x)Not disclosed500
Copy trading No Yes
P2P market NoNot disclosed
Earn / savings products YesNot disclosed
User protection fund No Yes
Referral program YesNot disclosed
Company
Founded20192018
HeadquartersUnited StatesSeychelles
InvestorsRRE Ventures, Circle Ventures, Foundation Capital, Original Capital +1Not disclosed
Strengths and weaknesses
Pros
  • 0% maker fees across all 250+ spot trading pairs
  • Zero-fee fiat deposits and withdrawals through bank ACH transfers
  • SOC 2 Type II and ISO 27001 third-party security audits
  • Staking support across 25+ proof-of-stake cryptocurrencies
  • 0% standard spot maker fee
  • 0.05% standard spot taker fee
  • More than 1,400 listed coins
  • Perpetual futures with up to 500x leverage
Cons
  • Unavailable to residents in 16 U.S. jurisdictions, including New York and Texas
  • ACH fiat deposits carry a mandatory 7-day withdrawal hold
  • Centralized custody model requires full trust in the exchange for fund safety
  • Mandatory KYC identity verification required before trading or depositing
  • Unavailable in the United States, Canada and Singapore
  • Custodial exchange exposure for deposited assets
  • Leverage up to 500x increases liquidation risk
  • Funding rates can reach 0.1% or higher on volatile contracts
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsBroad token selection, High-risk futures traders, Spot grid and DCA users

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