MEXC Dominates Crypto Exchange Fees, but Discounts Matter Most

The fees charged by cryptocurrency exchanges for maker and taker orders can vary significantly across different platforms. A recent comparison of eight major crypto exchanges found that MEXC offers the lowest published trading fees, with 0% maker and 0.050% taker on spot and futures markets.

Binance, OKX, and Bybit also offer competitive rates alongside deep liquidity and active trading markets. However, it's essential to consider the first discount tier for each exchange, as this can significantly impact the effective rate charged.

The comparison found that MEXC has no token or threshold requirements for its base rate, while Coinbase's perpetual futures are cheap at 0% maker and 0.030% taker but come with high spot fees of up to 0.60%. Binance pairs deep liquidity with a VIP ladder that scales down further with volume or BNB holdings.

The table below shows the easiest path to a first meaningful discount on each venue, highlighting the importance of considering the tier one can actually reach rather than just the headline rate.