MEXC vs. Bitget: Which Crypto Exchange Is Right for You?

MEXC and Bitget are popular crypto exchanges that let you buy and sell digital coins like BTC, ETH, SOL, and more easily.

MEXC and Bitget are two popular crypto exchanges that offer a wide range of digital assets, from Bitcoin (BTC) and Ethereum (ETH) to smaller altcoins like Solana (SOL) and meme coins. Both exchanges support various trading types, including spot, futures, P2P, and instant crypto-to-crypto conversion. They also provide advanced security features like 2FA and cold storage to keep your funds safe.

But what are the best features of MEXC and Bitget, and how do their pros and cons compare? What are the trading fees, deposit fees, and withdrawal fees of both exchanges?

Here is a complete breakdown of MEXC vs. Bitget in 2023.

What Are The Fees Of MEXC And Bitget?

The fees of MEXC and Bitget include trading fees, deposit fees, and withdrawal fees. Here is a detailed comparison between different types of fees:

MEXC vs Bitget: Withdrawal fees

MEXC charges very low withdrawal fees compared to many crypto exchanges. For example, if you withdraw Bitcoin using the BTC network, it will cost you around 0.00003 BTC, which is pretty affordable. And about fiat currencies, MEXC does not support fiat withdrawals, but you can use third-party payment providers like MoonPay to convert your crypto to fiat and withdraw it in your bank account. These fees vary depending on your chosen payment methods.

Bitget is also known for very minimal withdrawal fees and it never charges extra over the network fees. The Bitcoin withdrawal fees are similar to MEXC, and they even offer zero withdrawal fees on the BEP-20 (BNB Chain) network. Bitget also supports fiat withdrawals via bank transfers. For example, you can withdraw EUR using SEPA with charges as low as 0.5 EUR per transaction.

MEXC vs Bitget: Deposit fees

MEXC does not charge anything for cryptocurrency deposits, so you can send your coins to your MEXC account without extra costs, of course, you must pay network fees. Bitget also follows the same approach, offering free crypto deposits across the board.

However, if you’re depositing fiat currencies (like USD or EUR), Bitget supports bank transfers and might involve some third-party fees. It depends on your chosen payment method. MEXC also supports a few fiat deposit options through partners, but it’s not as broad and some fees can apply based on the provider.

Supported Deposit Methods

MEXC supports both crypto and fiat deposit channels. You can send crypto coins to your MEXC wallet with no deposit fees, and for fiat deposits, MEXC relies heavily on third-party services rather than direct bank integration.

Here, you can use options like credit or debit cards (Visa and MasterCard) through partners such as Simplex, Banxa, or Mercuryo, or you can opt for bank transfers via SEPA if you’re in Europe. P2P trading is also available on the MEXC exchange, letting you buy crypto directly from other users with various local payment methods and even cash.

Bitget offers direct deposit support for over six fiat currencies, including USD and EUR, through bank cards, wire transfers, and even P2P trading with more than 100 local payment options. Bitget’s integration with third-party providers like MoonPay or Advcash adds extra convenience to your fiat deposit options.

Hence, Bitget is best for fiat deposits, whereas MEXC does not offer many fiat channels, mainly due to its no-KYC policy.

MEXC vs Bitget: Trading fees

Spot Trading Fees:

MEXC charges very low trading fees. It charges 0% maker and 0.05% taker fees for spot trading, which is very low compared to the industry standard of 0.1% maker/taker. The exchange also offers discounts on maker fees based on your MX token holdings.

Bitget charges 0.1% for both maker and taker on spot trades, which is standard but not as cheap compared to MEXC. You can get a 20% discount by paying fees using a BGB token. However, the exchange offers different VIP tiers based on your BGB holdings and trading volume and you will get a discount based on your VIP level.

Futures Trading Fees:

MEXC has some of the lowest futures trading fees in the market today. It charges 0% maker fees and 0.04% taker fees for your perpetual futures trades. This implies that if you place an order that contributes liquidity to the market (a maker order), you don’t pay anything, and if you take an existing order (a taker order), you pay a minimal fee of 0.04% per order.

Bitget, on the other hand, has a marginally higher cost structure for futures trading compared to MEXC. It imposes 0.02% for maker orders and 0.06%