MEXC vs Huobi | Best Perps Trading & Highest Leverage?

When it comes to trading cryptocurrencies, one of the most important factors to consider is the trading fees charged by various exchanges.

Starting with MEXC which is known for its competitive fees, the MEXC spot maker and taker fee begins at 0.2%. Additionally, if you trade with their native MX token or trading frequently, you can enjoy additional discounts.

Now, let's move on to futures trading fees on MEXC. If you're a maker in the futures market, meaning you provide liquidity by creating an order that is not immediately matched, you will be delighted to know that MEXC provides a 0% fee for makers.

On the other hand, if you're a taker in the futures market, meaning you place an order that is immediately matched, MEXC charges a fee of 0.01%.

These are extremely competitive futures fees that make MEXC an attractive destination for those that want to trade derivatives.

Huobi offers a similar spot maker fee and taker fee compared to MEXC but higher futures fees. Huobi charge a spot maker fee of 0.20% and a spot taker fee of 0.20% with the option for lowered fees based on trading volumes.

If your monthly trade volumes exceed $10,000, you can enjoy lower trading fees, which is a nice incentive for active traders.

In terms of futures trading fees, Huobi offers a maker fee of 0.02% and a taker fee of 0.05%. These fees are higher than MEXC but on par with many other exchanges in the market.

MEXC and Huobi are two popular cryptocurrency exchanges that offer different deposit methods for their users. Starting with MEXC, it is important to note that this platform does not support the deposit of fiat currencies.

Therefore, users can only deposit cryptocurrencies on MEXC. However, there is an alternative for users who want to buy crypto with their fiat currencies.

MEXC allows the option to buy cryptocurrencies through card or third-party providers. This means that users can use their fiat currencies to purchase cryptocurrencies on the platform, but they cannot directly deposit fiat currencies.

On the other hand, Huobi supports the deposit of fiat currencies for a variety of options. They support eight fiat currencies that can be deposited, including USD, EUR, GBP, TRY, RUB, and a few others.

However, the availability of fiat deposits depends on the specific currency. For users who want to deposit EUR on Huobi, they can do so through SEPA, which comes with a commission of 0.15% plus a 1 EUR fee. Another option for EUR deposits is Skrill, which has a fee of 2.9% plus a 0.1 EUR fee.

GBP deposits on Huobi can be made via FSP, with a fee of 0.15% plus a 1 GBP fee. TRY deposits can be done through Advcash, and there is no fee associated with this deposit method.

For BRL deposits, users can use bank transfers, and there is no fee for this method. While Huobi offers a range of fiat deposit options, it is important to review the fees associated with each method before making a deposit.

So while MEXC does not support the deposit of fiat currencies, Huobi the other hand offers a variety of fiat deposit options for different currencies such as EUR, GBP, TRY, and BRL.

When it comes to withdrawing funds from cryptocurrency exchanges, it's crucial to consider the available withdrawal methods and the associated fees.

As mentioned, MEXC does not support fiat currency withdrawals. Therefore, users can only withdraw cryptocurrencies from this platform.

For instance, if you withdraw Bitcoin (BTC) there is a fee of 0.0003 BTC. For Ethereum (ETH) withdrawals, the fee is 0.0001 ETH.

Withdrawals of Solana (SOL) tokens come with a 0.01 SOL fee and lastly, if you plan to withdraw ERC-20 USDT, MEXC charges a $4 USDT fee.

Moving on to Huobi, this exchange offers a wider range of withdrawal options. Users can withdraw fiat currencies using SEPA, FSP, Advcash, Skrill, and bank transfer methods.

For SEPA withdrawals, there is a fee of 0.15% and an additional fixed fee of 1 EUR. Skrill withdrawals, on the other hand, have a fee of 2.9% plus a fixed fee of 0.1 EUR.

If you prefer FSP withdrawals, Huobi charges a fee of 0.15% along with a fixed fee of 1 GBP. Turkish Lira (TRY) withdrawals via Advcash are free of charge, while Brazilian Real (BRL) withdrawals through bank transfer are also free.

When it comes to cryptocurrency withdrawals on Huobi, similar to MEXC, there are fees associated with each specific coin.

For Bitcoin (BTC) withdrawals, there is a fee of 0.0004 BTC. Ethereum (ETH) withdrawals incur a fee of 0.0012 ETH. If you're planning to withdraw Solana (SOL), Huobi charges a fee of 0.01 SOL. Lastly, for USDT withdrawals (ERC-20), there is a 4.9 USDT fee.

So while MEXC offers lower crypto withdrawal fees, Huobi offers support for fiat currency deposits which are at the time of writing not available on MEXC.

In conclusion, both MEXC and Huobi are well-established cryptocurrency exchanges that offer a wide range of services.

MEXC offers one of the most extensive range of over 1600 cryptocurrencies to buy and sell which is significantly more than the 500 offered by Huobi.

MEXC has also been recognized among the top five globally for derivatives trading volume, further emphasizing its popularity and reputation.

On the other hand, Huobi offers a comprehensive suite of trading services, including spot and margin trading, futures products, and a range of trading bots.

In terms of user experience, MEXC offers a user-friendly interface suitable for beginners and professional traders and the same can be said for Huobi.

When comparing fees, MEXC and Huobi offer similar spot fees but MEXC has the advantage with the lower futures trading fees.

Huobi on the other hand has the edge when it comes to offering fiat deposits and withdrawals which are not available on MEXC. In terms of cryptocurrency withdrawals, MEXC charged lower fees than Huobi.

Overall, we have to crown MEXC as the winner over Huobi as the exchange offers more cryptocurrencies, better liquidity, more products and services and lower trading fees!