MEXC
PhemexIn short: the difference
How MEXC differs from Phemex
What MEXC is: a venue that lists early and often. On the market since 2018, jurisdiction: Seychelles, its own MX token.
What Phemex is: a venue built for leveraged trading. On the market since 2019, jurisdiction: Samoa.
What MEXC gives you
The terminal is strong on contracts, but MEXC has its own ground: Built for anyone chasing new listings: tokens show up earlier than on the big venues, and the choice is wide — fifteen hundred spot pairs and more than a thousand perpetual contracts. P2P, yield products, Kickstarter launches and copy trading round it out. Maker costs nothing, and Plasma withdrawals of USDT are free.
Where MEXC is strong
a zero maker fee, free withdrawals on Plasma, early listings, 1500 spot pairs.
What Phemex gives you
Against an early-listing venue, Phemex plays a different game: A derivatives venue founded by people from bank trading desks. A hundred and fifty spot pairs and a hundred and twenty perpetuals, each with its own funding rate. There is savings, copy trading and trading bots. The book is even and the data is served openly, which makes its prices sound to compare with other venues.
Where Phemex is strong
an even book, open data, the funding interval stated per contract.
What decides it
Fees, withdrawals and limits: where the gap shows
- Jurisdiction. MEXC sits in Seychelles, Phemex in Samoa. It shapes both the checks you pass and what the venue has to disclose.
- Native token. MX on MEXC cuts fees and opens launches; Phemex has no such lever.
- Strengths side by side. MEXC: a zero maker fee, free withdrawals on Plasma, early listings, 1500 spot pairs; Phemex: an even book, open data, the funding interval stated per contract.
- Which job. MEXC is for anyone chasing new coins and working from a wide list, while Phemex is as an additional venue in cross-exchange routes and funding.
- Worth remembering. MEXC: among thousands of pairs many are very thin: check the book before size. Phemex: a narrow listing next to the Asian venues.
Which one fits you
Who MEXC suits
MEXC — for anyone chasing new coins and working from a wide list.
Who Phemex suits
Phemex — as an additional venue in cross-exchange routes and funding.
What people ask most
Questions about MEXC
MEXC: Why does MEXC list so many coins? It deliberately chose an early-listing strategy. That is its main distinction and its main risk: real projects sit next to pairs turning over a thousand dollars a day.
MEXC: What is the minimum order on MEXC? It belongs to each pair. The spot filters LOT_SIZE, PRICE_FILTER and NOTIONAL come from api.mexc.com/api/v3/exchangeInfo; contract parameters come from a separate directory with the contract size and minimum volume.
MEXC: Does MX give a discount? Yes: the spot taker falls from 0.05% to 0.04%, and on contracts the maker from 0.01% to 0.008% and the taker from 0.04% to 0.032%. Where the fee is already zero it adds nothing. The "50% for 500 MX" promotion has been suspended since 9 February 2026.
Questions about Phemex
Phemex: Does Phemex take part in your spot arbitrage? Yes. The venue serves its order book for every pair in one list, so comparing its prices with other venues is sound.
Phemex: Does Phemex have its own token? No. Instead there is the Premium subscription with reduced fees, so the discount does not depend on an asset price.
Phemex: How many pairs and contracts does Phemex have? The exact counts are in the panel at the top of the page: they come from the same feed that drives our arbitrage sections. It is one of the smaller venues we cover, and the listing is tidy by design.
Both at once
When it makes sense to keep accounts on both MEXC and Phemex
Keeping both costs less than it seems: signing up is free, and a choice of two quotes usually beats one. The coin is bought where it already trades, moved across and shorted with a contract on the other — that locks the price while the transfer runs.
Live numbers
Live MEXC and Phemex prices side by side
Everything in the table above is recomputed together with the rest of the site — pairs, contracts, P2P, networks and the withdrawal fee. MEXC and Phemex can be compared on facts rather than promises.
Where these numbers come from
Prices are read straight from the venues and refresh automatically. There is no averaged rate here: each exchange has its own, which is why both are shown side by side.
How often they refresh
Spot and futures every few seconds; fee tiers and withdrawal networks once a day.
What the numbers say
Where MEXC and Phemex diverge the most
We can price the USDT withdrawal on MEXC alone — 0.0100 over BSC. Spot is wider on MEXC: 1,396 USDT pairs against 149, a gap of 9.4×. On perpetual contracts MEXC is ahead — 1,115 to 129. P2P data comes from MEXC only — 22 currencies.
The source of these values
Pair counts, withdrawal chains, fee tiers and P2P currencies are taken from the venues own public references, not from our judgement. Where a venue does not publish a field, we say so plainly instead of filling in a number.
Date of the last recalculation
Snapshot from 13 November 2026; on the page the figures refresh on every visit.
