MEXC vs Gate.io | Who Has The Best Trading & Lowest Fees?

Cryptocurrency exchanges have become increasingly popular in recent years, and two such exchanges that stand out are MEXC and Gate.io.

MEXC is a cryptocurrency exchange that, while offering a smaller range of products compared to larger exchanges like Gate.io and Bybit, has some strong unique selling points.

One of the main attractions of MEXC is its spot trading which provides access to a vast selection of over 1,700 cryptocurrencies.

This lineup includes popular large-cap coins such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), along with a variety of altcoins that are often not available on other exchanges.

For those interested in lesser-known or emerging cryptocurrencies, MEXC is continually updating its offerings, adding new altcoins every week to keep its selection diverse and interesting.

Futures trading is another key offering at MEXC. The platform allows for perpetual trading in over 300 markets, with traders having the option to use USDT (USDT-M) or various cryptocurrencies (COIN-M) as the underlying collateral.

A key feature of MEXC's futures trading is the ability for users to employ leverage of up to 200X. This is considerably higher than what most other exchanges offer and a loved product by degens.

For those looking to emulate the success of experienced traders, MEXC provides copy trading where users can replicate the trading strategies of proven traders on the platform.

For beginners or those who wish to practice futures trading without financial risk, MEXC also offers a demo trading option. This feature allows users to trade with virtual funds in a simulated environment.

In terms of trading activity, MEXC reports solid trading volumes with over $1 billion in spot trading and over $3 billion in futures trading within a 24-hour period.

MEXC also caters to users looking to earn interest on their digital assets with a savings section offers both locked and flexible savings products, with interest rates that vary depending on the amount saved.

A recent addition to MEXC's services is its launchpad, designed for MX token holders. This feature offers early access to new token launches, giving MX token holders an exclusive advantage.

Overall, while MEXC has been expanding its range of products and services, the platform particularly excels in its extensive offering of altcoins and the high-leverage options available in futures trading.

Additionally, MEXC offers the convenience of accessing these services without the need for complex KYC (Know Your Customer) procedures.

This makes MEXC an attractive option for both experienced traders and newcomers to the world of cryptocurrency who prefer trading privately.

Moving on to Gate.io which is a veteran in the market and that has seen significant diversification in its product offerings over the years.

A key feature attracting a large user base to Gate.io has been its spot trading platform, where users can trade an impressive 1700 cryptocurrencies.

The platform is known for its proactive approach to continuously expanding its cryptocurrency offerings, making it a go-to destination for potentially lucrative altcoins.

For traders interested in leveraging their positions, Gate.io provides margin trading with the possibility of up to 10X leverage on hundreds of cryptocurrencies.

Additionally, Gate.io offers ETF leveraged tokens, which allow users to take long or short positions with up to 5X leverage without the traditional risks associated with margin trading, such as liquidation.

Users are instead charged a 0.1% daily fee to cover the costs associated with this product. Gate.io also offers futures trading which today is a common feature among offshore exchanges.

Here traders have access to hundreds of perpetual contracts, which can be traded with either isolated or cross margin modes, and leverage of up to 125X.

For options traders that wish to hedge, Gate.io has European-style Vanilla Options available for major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).

Understanding the varying needs and expertise levels of its users, Gate.io offers copy trading where beginners can replicate the trades of experienced traders.

Furthermore, the platform provides a range of trading bots featuring strategies such as spot and futures grid, infinity and margin grid, martingale, and rebalancing.

In terms of trading volume, Gate.io stands out by ranking third with almost $8 billion in 24-hour spot trading volumes, and in the top 30 for derivatives volumes with $3 billion in trading volumes.

Beyond trading, the finance section of Gate.io offers various opportunities to earn yield on digital assets. Products available include lend & earn, hodl & earn, dual investments, and staking, each with flexible terms depending on the asset.

Users can earn interest on the digital assets they hold on Gate.io. The hodl & earn feature allows users to lock assets like BTC, ETH, and USDT, earning attractive APRs over different periods. Users also have the option to stake their ETH and earn up to 4.4% in ETH rewards APR.

For those looking to use their cryptocurrencies for everyday transactions, Gate.io offers the Gate.io Visa card, which provides up to 1% cashback on spending.

In line with the evolving crypto market, Gate.io has entered the Web 3 space by launching its own Web 3 Wallet for users that prefer non-custodial storage and trading on over 29 blockchains, including Bitcoin, Ethereum, Solana, and others.

For wealthier individuals and institutional clients, Gate.io offers tailored services such as custody solutions, Over-The-Counter (OTC) trading, VIP loans, and broker programs.