Bybit is one of the top cryptocurrency exchanges in the world. However, the reality is that there are many other excellent exchanges in the world of virtual currency exchanges. I saw a difference compared to MEXC, a world-famous exchange.
Global cryptocurrency exchange ranking as of 2023
Bybit ranked 9th in the world according to coinranking.com in the world cryptocurrency exchange ranking. MEXC did not even enter the top 50.
Coinmarketcap.com ranks Bybit 5th and MEXC 8th.
Bybit is 6th and MEXC is 9th on bitdegree.org.
Overall, Bybit is rated higher than MEXC.
Bybit VS MEXC Comparison Chart
| Bybit | MEXC | |
| Platform | Windows Mac SaaS / Web iPhone iPad | Windows SaaS / Web iPhone iPad Android |
| Support | 24/7 Live Support Online Support | 24/7 Live Support Online Support |
| API | 〇 | 〇 |
| Tool、Service | Webinars Documentation Live Online | Webinars Documentation |
| Company Found | 2018 | 2018 |
| Location | United Arab Emirates | Singapore |
| NFT Marketplaces | 〇 | × |
| Crypto Exchange | 〇 | 〇 |
| Crypto Margin Trading | 〇 | 〇 |
| taker fee | 0.06% | 0.20% |
| maker fee | 0.01% | 0.00% |
| withdrawal fee | 0.0005 | 0.0003 |
| Number of Cryptos | 200 | 1500 |
NFT Market
Bybit has opened an NFT marketplace. On the other hand, MEXC does not have it, so Bybit will win.
taker fee
The taker fee is 0.06% for Bybit and 0.20% for MEXC, which is higher for MEXC. Therefore, it is better to choose Bybit.
maker fee
The maker fee is 0.01% for Bybit and 0.00% for MEXC, so Bybit is higher. Therefore, MEXC wins.
Handling virtual currency
MEXC is overwhelmingly advantageous in terms of the number of virtual currencies handled. MEXC is by far the most traded cryptocurrency exchange in the world. It can be said that it is the world’s top level, but there are many unknown coins that do not know the name, so you should consider whether you should invest.
Overall, Bybit has more features
Overall, Bybit has more features than MEXC and is highly rated by users. With that in mind, if you’re on the fence between the two, Bybit seems like the better choice.
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