When engaging in trading on a crypto platform, users incur trading fees, which are customary charges levied by all trading platforms.
While trading fees may seem negligible initially, a closer look reveals their significance as a notable expense. The standards for trading fees vary among different exchanges, and MEXC stands out with the lowest trading fees in both spot and futures trading, as per data gathered from various exchange websites.
Excluding discounts associated with methods such as offsetting trading fees using platform tokens, the table below compiles the trading fee rates on commonly used trading platforms for basic accounts without any benefits. (Note: The order of ranking is not specified.)
| Platform | Spot | Futures | ||
| Maker | Taker | Maker | Taker | |
| Binance | 0.1% | 0.1% | 0.02% | 0.05% |
| OKX | 0.08% | 0.1% | 0.08% | 0.1% |
| Gate | 0.2% | 0.2% | 0.015% | 0.05% |
| Bitget | 0.1% | 0.1% | 0.02% | 0.06% |
| Kucoin | 0.1% | 0.1% | 0.02% | 0.06% |
| MEXC | 0% | 0% | 0% | 0.03% |
| Bybit | 0.1% | 0.1% | 0.02% | 0.055% |
| Huobi | 0.2% | 0.2% | 0.02% | 0.05% |
As indicated in the table, MEXC boasts the lowest trading fee rates in the market. There are no fees for spot trading, setting it apart from other platforms that commonly charge 0.1%. For futures trading, MEXC charges a mere 0.03% fee for takers, while makers incur no fees. In comparison, other platforms often impose around 0.02% trading fees for makers and approximately 0.05% for takers.
Examining the data alone might not provide a clear perception. Let’s take a look at a straightforward calculation to illustrate the distinctions among various trading fee rates. Using a hypothetical scenario with a $100,000 capital and 10x leverage, we will calculate the fees for futures trading.
If you trade on MEXC as a maker, you will not incur any trading fees. If you trade as a taker, you will incur a trading fee of 300, calculated as 100,000 * 10 * 0.03% = 300.
If you trade on OKX as a maker, you will incur a trading fee of 800 for each trade, calculated as 100,000 * 10 * 0.08% = 800. If you trade as a taker, your trading fee will amount to 1,000, calculated as 100,000 * 10 * 0.1% = 1,000.
Through this straightforward calculation, we see that a lower trading fee rate results in substantial savings for traders. If you are a high-frequency trader, you can enjoy significant savings with the low trading fee rates offered by MEXC.
If you are a long-term holder of MEXC’s native token MX, you can enjoy up to a 50% discount on trading fees, resulting in a mere 0.015% trading fee rate, which enables additional savings on your trading expenses.
Overall, MEXC stands as a highly user-friendly option for frequent traders, owing to its industry-leading low trading fees. Moreover, MEXC is well-known for its extensive range of trading pairs, catering to the diverse preferences of the majority of users.
Jorden Smith is a passionate writer and researcher with a knack for exploring news and website reviews. With a keen eye for detail and a love for uncovering hidden gems, Jorden’s work is always thorough and informative. When not busy writing, Jorden enjoys traveling and discovering new places. Stay tuned for more insightful articles from this up-and-coming writer.