MEXC Shines Brighter Than Upbit in Global Trading Fees

MEXC and Upbit are two popular cryptocurrency exchanges that cater to different needs of traders. In this comparison, MEXC emerges as the better choice for non-Korean traders due to its lower fees.

Upbit charges a fee of 0.25% for both maker and taker orders in the BTC and USDT markets, while MEXC charges only 0.0500% for takers and 0.0000% for makers on its standard schedule. This difference may seem minor but can add up to significant savings over time.

In fact, running a realistic month of active trading at $500,000 in taker volume would cost Upbit $1,250 per month or $15,000 per year, compared to MEXC's $250 per month or $3,000 per year. Additionally, MEXC offers spot and perpetual futures in one account, which is a significant advantage for traders who want to hedge their positions.

The only area where Upbit excels is supervision and regulation. It has a Major Payment Institution licence from the Monetary Authority of Singapore and is registered with the Korea Financial Intelligence Unit. However, this may not be a concern for all traders.