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MEXC vs Phemex

Compare rates, fees, access, and key features side by side.

MEXC

MEXC

Quick reviewMEXC is a low-cost global exchange best suited to active traders who want broad spot and futures access. Its current zero-fee spot program...

CIR score4.0
VS
Phemex

Phemex

Quick takePhemex offers Flexible Savings and a separate lending pool where supplied assets earn interest from borrowers. Flexible Savings can be redee...

CIR score4.3

General

Platform
MEXClogo
Phemexlogo
Founded
MEXC2018
Phemex2019
Headquarters
MEXCComoros
PhemexSingapore
Availability
MEXC170+ countries and regions
PhemexWorldwide, excluding US

Fees & Financial

Bonus
MEXC10% fee discount
Phemex$20 bonus
Token
MEXCMX
Phemex
Compounding
MEXC--
PhemexNo
Payouts
MEXC
Phemex
Fees
MEXCVaries
Phemex
Lockup
MEXC
Phemex
Maker Fee
MEXC0.01
Phemex0.01
Taker Fee
MEXC0-0.04
Phemex0.06

Cryptocurrency Rates

BTC Rate
MEXC
Phemex1%
BTC Max
MEXC
Phemex3%
ETH Rate
MEXC
Phemex1.5%
ETH Max
MEXC
Phemex3%
Stablecoin Rate
MEXC
Phemex2%

MEXC

Review

Pros

Low maker and taker fees on spot trading.

Available across 170+ countries and regions.

Cons

Not available to users in the U.S., U.K., Canada, and several other major jurisdictions.

Custodial platform with no FDIC- or SIPC-style deposit insurance.

Phemex

Review

Pros

  • Lending supply rates update hourly with visible pool utilization.
  • Flexible Savings permits redemption without a fixed term.
  • Auto-Transfer can allocate eligible idle USDT balances automatically.

Cons

  • KYC is required, contrary to the current legacy CMS field.
  • Lending exposes supplied assets to borrowers and pool-liquidity conditions.
  • Phemex does not serve U.S. customers.