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Crypto · head to head

MEXC vs Phemex

MEXC logo

MEXC

Crypto

Your easiest way to crypto

From
Free
Rated
-
Full reviewWebsite
Phemex logo

Phemex

Crypto

Break through with crypto

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: MEXC the App Store listing (seller Onechain Technology Ltd) states 0% maker fees and 0.01% to 0.04% taker fees that vary by region, meaning the effective trading fee a user pays is not a single published figure but depends on undisclosed regional tiers; Phemex full KYC verification required for complete feature access and higher withdrawal limits
  • They diverge on capability: MEXC covers Futures Trading, Phemex covers Contract Trading.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which MEXC and Phemex actually diverge.

Attributes where MEXC and Phemex differ
AttributeMEXCPhemex
Pricing modelfreemiumUnknown
PlatformsWeb, Ios, AndroidWeb, Mobile
Founded20182019

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Crypto).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in MEXC

  • Futures Trading
  • ETF Trading
  • Staking
  • MX Token

Only in Phemex

  • Contract Trading
  • Copy Trading
  • Earn
  • PT Token

Both cover

  • Spot Trading
  • Launchpad
  • Web support
  • Ios support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

MEXC

  • Exchangesnot Phemex
  • Tradingnot Phemex
  • Altcoinsnot Phemex

Phemex

  • Spot trading across 600+ crypto assets with high-speed matchingnot MEXC
  • Perpetual futures contracts with up to 100x leverage (USDT-M and Coin-M)not MEXC
  • Automated trading with grid, Martingale, and signal trading botsnot MEXC
  • Copy trading to mirror top traders' strategiesnot MEXC
  • Staking and fixed/flexible savings for yield generationnot MEXC

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

MEXC

  • The App Store listing (seller Onechain Technology Ltd) states 0% maker fees and 0.01% to 0.04% taker fees that vary by region, meaning the effective trading fee a user pays is not a single published figure but depends on undisclosed regional tiers

Phemex

  • Full KYC verification required for complete feature access and higher withdrawal limits
  • Specific trading fees not disclosed on primary page; requires navigation to separate Fees page
  • Leverage trading up to 100x carries high risk; platform requires user understanding of derivatives
  • On-chain trading carries smart contract and liquidity risks

Pricing, plan by plan

MEXC

Free
  • StandardFree
    • Spot trading
    • Futures
    • Launchpad

Phemex

Free

No published plan breakdown. See the Phemex review.

Which should you pick?

Choose MEXC if

  • You need futures trading.
  • You want to start without paying.
  • You work on Web, Ios, Android.
  • You also want etf trading.
MEXC review

Choose Phemex if

  • You need contract trading.
  • You want to start without paying.
  • You work on Web, Mobile.
  • You also want copy trading.
Phemex review

Questions people ask

Is MEXC or Phemex better?
Neither clearly leads. MEXC starts at Free and Phemex at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, MEXC or Phemex?
MEXC starts at Free and Phemex at Free.
Does MEXC or Phemex run on more platforms?
MEXC runs on Web, Ios, Android. Phemex runs on Web, Mobile.
Can I use MEXC for free?
Both have a free tier, so you can try either at no cost before committing.
What is MEXC best used for?
MEXC is most often used for exchanges, trading, altcoins. Of those, exchanges and trading are not what Phemex is typically brought in for.
What can MEXC do that Phemex cannot?
MEXC covers Futures Trading, ETF Trading, Staking, MX Token. Phemex covers Contract Trading, Copy Trading, Earn, PT Token. Both handle Spot Trading, Launchpad, Web support, Ios support.

Answered from the vendors’ own pages

Phemex: Are there subscription fees to trade on Phemex?

Phemex operates on a transaction-based fee structure rather than monthly subscriptions. Specific trading fee percentages are not listed on the homepage but are available in the linked Fees and Conditions section.

Source
Phemex: Can I practice trading without risking money?

Phemex offers simulated trading through their Testnet at testnet.phemex.com, described as learning to trade with zero risk. This allows users to practice strategies before trading with real funds.

Source
Phemex: Does Phemex offer rewards for new users?

New sign-ups receive a welcome bonus of 4,800 USDT worth of rewards. Phemex also offers a referral program providing 50 USDT for successful referrals with 10 USDT per referred friend.

Source
Phemex: What trading features does Phemex include without additional fees?

Core features including spot trading across 600+ crypto assets, futures trading with up to 100x leverage, automated trading bots, copy trading functionality, and Phemex Earn wealth management products are available to all users without indicated tier restrictions.

Source
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