Quick Answer: Coinbase vs MEXC: Which is Best?
Based on our Coinbase review and MEXC review scores, MEXC is the best exchange overall with 4.5/5 vs Coinbase’s 4.35/5. They each have key benefits depending on the investors goals.
- Best for Trading: MEXC
- Lowest Fees: MEXC
- Which is Safest: Coinbase
- Best for Beginners: Coinbase
- Best for Staking: Coinbase
- Best Mobile App: Coinbase
- Best for Altcoins: MEXC, due to its high variety of assets
Page Contents
MEXC and Coinbase Overview
TIC Review Score 4.5/5
MEXC – Best for Advanced Trading Options and Low Fees
MEXC is a crypto exchange that offers a comprehensive suite of trading options, including spot and futures, across an extensive range of digital assets. It is recognized for its broad selection of cryptocurrencies, catering to both mainstream and niche market interests.
Pros
Cons
Please keep in mind that Cryptocurrency assets are volatile and currently unregulated. This volatility presents risk to your investment, and you may lose your funds. Profits from Cryptocurrency sales may be subject to Capital gains tax under UK law.
- Extensive Range of Cryptocurrencies: MEXC offers a over 1500 crypto assets, including many altcoins and emerging DeFi projects, providing traders with a broad investment landscape.
- Advanced Trading Features: Aimed at experienced traders, MEXC includes options like futures and margin trading, backed by robust systems to support high-volume transactions.
- Competitive Fees: The platform's trading fees are competitive, with discounts and incentives available for active traders, making it an attractive choice for those engaging in frequent trading.
- Limited FIAT Withdrawals: Including GBP
- Complexity for Beginners: The platform's extensive features and advanced trading options may overwhelm newcomers, potentially making it less user-friendly for those new to the crypto space.
- Marketing Emails: The marketing emails can come on a little strong.
TIC Review Score 4.1/5
Coinbase – The Best for Beginners
Coinbase, founded in 2012, is one of the most established and well-known cryptocurrency exchanges globally. It is designed to be user-friendly, making it an ideal entry point for individuals new to cryptocurrency. Coinbase offers a platform for trading a curated selection of cryptocurrencies, as well as a range of other services including a wallet, institutional trading platforms, and more.
Pros
Cons
Please keep in mind that Cryptocurrency assets are volatile and currently unregulated. This volatility presents risk to your investment, and you may lose your funds. Profits from Cryptocurrency sales may be subject to Capital gains tax under UK law.
- User-Friendly Interface: Known for its simplicity and intuitiveness, Coinbase's platform is especially suited for beginners, offering an easy entry point into cryptocurrency trading.
- Strong Regulatory Compliance: As one of the most regulated exchanges, Coinbase adheres to stringent compliance measures, building a secure and trustworthy platform for users.
- Educational Resources: With extensive educational content and the Coinbase Earn program, the platform invests in user knowledge, rewarding learning with cryptocurrency.
- Security Measures: Coinbase employs advanced security protocols, including insured custodial wallets, to ensure a safe trading and storage environment for digital assets.
- Higher Fees: Coinbase's fee structure can be on the higher side, particularly for small transactions and purchases made with credit or debit cards.
- Limited Trading Options: While offering a streamlined experience, Coinbase may lack the depth of trading features and the extensive cryptocurrency selection that more seasoned traders seek.
Features of MEXC and Coinbase?
MEXC is renowned for its extensive range of cryptocurrencies, offering users access to a vast array of tokens, including lesser-known altcoins and emerging DeFi projects.
The platform is designed to cater to both novice and experienced traders, providing advanced trading options such as futures, spot trading, and margin trading. MEXC also emphasizes user security, employing a multi-tier and multi-cluster system architecture to ensure the safety of users’ assets.
Coinbase, on the other hand, is celebrated for its user-friendly interface, making it an ideal choice for those new to cryptocurrency. It supports a wide variety of well-established cryptocurrencies and is known for its rigorous compliance with regulatory standards, providing users with a secure and trustworthy platform.
Coinbase also offers educational resources to help users understand crypto trading and blockchain technology, reinforcing its commitment to user empowerment and safety.
 MEXC |
Coinbase | |||
Spot Crypto | 1500+ | 390+ | ||
FCA Regulated | ||||
Founded | 2018 | 2012 | ||
HQ | Singapore | California | ||
Native Token | MX | |||
 | 1.9/5 | 1.5/5 | ||
Staking | ||||
Leverage | up to 200x | Non UK | ||
Mobile App | ||||
DEFI Wallet | ||||
Beginner Friendly | 3.5/5 | 4.5/5 | ||
Demo Account | ||||
Available in UK | ||||
Review Score | 4.5/5 | 4.35/5 | ||
* Please refer to the exchange website for up to date information. | ||||
Coinbase and MEXC: Which is safest
How Do Their Security Practices Compare?
Both platforms employ industry-standard security measures, including cold storage for the majority of assets, 2FA, and encryption protocols.
The main differences lie in their operational approaches and the regulatory environments they operate within. Coinbase, being based in the United States, adheres to stringent regulatory standards and offers additional transparency regarding its security practices and insurance coverage.
MEXC, with a global reach, focuses on providing a secure trading environment through advanced technological measures.
MEXC vs Coinbase: Which is Safest?
Coinbase could be considered safest as it has a AAA security rating with a 97.10% score.
However, determining which platform is “safest” can be subjective and depends on individual user priorities.
If regulatory compliance, insurance, and transparency are top priorities, Coinbase might be considered safer due to its stringent adherence to U.S. regulations and publicized insurance policies against digital asset theft.
Conversely, if advanced technological security measures and a global operational approach are more critical, MEXC Global may appeal as equally safe, given its comprehensive security protocols and international reach.
Coinbase and MEXC: Which is best for Trading?
What Trading Platforms and Tools Are Available?
Coinbase offers a user-friendly interface that is ideal for beginners. It provides a straightforward trading experience with easy-to-use tools for buying, selling, and managing cryptocurrency portfolios. Coinbase also features a Pro version for more experienced traders, offering detailed charting options, order books, and more advanced trading options like margin trading (subject to eligibility and regional restrictions).
MEXC, on the other hand, caters to a broader range of traders, from beginners to advanced users. It provides a comprehensive set of trading tools, including spot trading, futures, margin trading, and ETF trading. MEXC’s platform is designed to accommodate high-frequency trading and offers a wide range of technical analysis tools, charting options, and order types.
Who Offers More Advanced Trading Options?
When it comes to advanced trading options, MEXC generally offers a more extensive range compared to Coinbase. MEXC’s platform includes features tailored for experienced traders, such as derivatives trading, leveraged ETFs, and more sophisticated order types. Its futures platform allows for high leverage, appealing to traders looking for high-risk, high-reward opportunities.
Coinbase does provide advanced features through Coinbase Pro, including more detailed analytics and trading strategies, but its primary platform is more focused on accessibility and simplicity, catering to new or casual investors rather than those seeking complex trading instruments.
How Do Their Staking, Savings, and Other Investment Opportunities Compare?
Coinbase offers several ways for users to earn rewards on their cryptocurrency holdings, including staking. Users can stake their crypto directly through the platform to earn rewards on assets like Ethereum, Tezos, and more. Coinbase also offers educational rewards through Coinbase Earn, allowing users to learn about new cryptocurrencies while earning them.
MEXC offers a variety of investment products, including staking and savings accounts, which allow users to earn interest on their cryptocurrency holdings. MEXC’s platform provides access to a wider range of staking options with competitive interest rates, as well as innovative investment products like ‘Launchpad,’ which offers early access to new token listings.
Conclusion: Coinbase vs MEXC – Which is Best for Trading?
The choice between Coinbase and MEXC for trading depends on your trading experience, desired level of involvement, and investment goals. Coinbase is best suited for beginners and those who prefer a straightforward, easy-to-navigate platform with educational resources and simpler trading options. It’s also a strong option for users in regions with strict regulatory requirements.
MEXC appeals to traders seeking a more comprehensive range of trading options and advanced tools, along with competitive staking and savings opportunities. Its platform is designed to cater to the needs of active traders and those looking for a wide array of investment products. Ultimately, both platforms have their strengths, and the best choice depends on personal preferences, trading style, and financial objectives.
MEXC vs Coinbase: Fees
How Do MEXC and Coinbase Fees Compare for Various Transactions?
MEXC is known for its competitive fee structure, particularly attractive to active and volume traders. Spot trading fees on MEXC are typically around 0.2% for both makers and takers, with the platform offering promotional reductions at times. For futures trading, MEXC charges 0% for makers and a nominal 0.01% for takers, with additional discounts for using the MX Token.
This makes MEXC an appealing choice for traders looking for low-cost trading options.
Coinbase, in contrast, structures its fees to support its secure and easy-to-use platform, which can result in higher costs for certain transactions. Coinbase’s fees vary based on the payment method, transaction size, and other factors, which can make it more expensive, especially for smaller transactions or when using credit or debit cards. The platform’s focus on regulatory compliance, security, and user education justifies these costs for many users.
MEXC vs Coinbase: Which Exchange is Cheapest?
MEXC generally offers lower fees compared to Coinbase, particularly for spot and futures. MEXC’s competitive fees and discounts for using its native token make it the cheaper option for users focused on trading costs.
Coinbase, while potentially more expensive for certain transactions, offers value through its secure, regulated, and user-friendly platform, which may justify the higher fees for some users.
MEXC vs Coinbase: Which Platform Is Best for You in 2024?
How Do MEXC and Coinbase Compare Overall?
Coinbase is widely recognized for its user-friendly interface, making it particularly suitable for beginners in the cryptocurrency market.
It offers a wide range of cryptocurrencies (over 200 as mentioned in their review), robust security measures, and is known for its regulatory compliance, especially in the U.S. However, its fees can be higher compared to other popular exchanges around, and it has faced legal scrutiny which reflects the regulatory challenges within the crypto space.
MEXC, on the other hand, caters to a global audience with a broad spectrum of trading options, including the spot market, futures, and margin trading, boasting low trading fees and high leverage options for futures contracts.
It provides access to a vast array of cryptocurrencies and trading pairs, making it appealing for users looking for variety and advanced trading features. MEXC’s expansive suite of tools and services positions it well for users seeking depth in market offerings and trading functionalities.
Comparative Insights
- Target Audience: Coinbase tends to cater more to beginners and those looking for a simple, secure trading experience with educational support. In contrast, MEXC appeals to users seeking a wide variety of trading options and lower fees, including more experienced traders.
- Fees and Costs: Coinbase’s fee structure is more straightforward but generally higher than MEXC’s. MEXC offers competitive trading fees and discounts for using its native token, appealing to high-volume traders.
- Security Measures: Both platforms prioritize security with robust measures in place, including two-factor authentication and cold storage of assets. However, Coinbase’s operation within stringent U.S. regulatory frameworks adds an extra layer of perceived security and trust for its users.
Which Platform Should You Choose Based on Your Needs?
For Beginners and Regulatory Compliance: If you’re new to cryptocurrency trading or prioritize a platform with strong regulatory compliance, especially in the U.S., Coinbase may be more suitable for you. Its straightforward platform, educational resources, and compliance with U.S. regulations offer a secure and educational entry point into crypto trading.
For Advanced Trading Options and Lower Fees: If you’re an experienced trader looking for advanced trading options, a wide range of cryptocurrencies, and competitive and low fees*, MEXC could be the better choice. Its extensive trading tools, including futures and margin trading with up to 200x leverage, cater to users seeking more sophisticated trading strategies.
Who has the Best Mobile App?
Both Coinbase and MEXC offer mobile apps that are highly rated and provide a wide range of features for trading on the go.
Coinbase’s Mobile App: Known for its clean, intuitive interface, Coinbase’s app is ideal for beginners and offers quick access to buying, selling, and managing a cryptocurrency portfolio. It maintains the platform’s emphasis on user-friendliness and security, making it a solid choice for users who prefer simplicity and easy navigation.
MEXC’s Mobile App: Offers a comprehensive trading experience, mirroring the platform’s wide array of trading options and advanced features. It is suited for users who need detailed analytical tools and the ability to execute complex trades from their mobile device. The app caters to both novice and experienced traders, with customizable interfaces to match user preferences.
Which is Best For UK Users?
With both exchanges being available in the UK, users can pick and choose depending on their specific goals and trading strategies.
We recommend Coinbase over MEXC for staking, due to their high security rating.
We recommend MEXC over Coinbase for advanced trading.
MEXC vs Coinbase Final verdict
Both platforms offer distinct advantages, with Coinbase focusing on ease of use and regulatory compliance and MEXC offering a broader range of trading options and lower fees.
Based on our Coinbase review and MEXC review scores, MEXC is the best exchange overall with 4.5/5 vs Coinbase’s 4.1/5. They each have key benefits depending on the users goals.
- Best for Trading: MEXC
- Lowest Fees: MEXC
- Which is Safest: Coinbase
- Best for Beginners: Coinbase
- Best for Altcoins: MEXC, due to its high variety of assets
MEXC is a better exchange for advanced trading options, variety of assets and lower fees.
Coinbase is the better for beginners due to their educational resources, security and user friendly interface.
FAQs
A digital asset trading platform is an online service that allows users to trade cryptocurrencies or other digital currencies. These platforms offer various trading pairs and often come with tools to help maximize profits and manage investment strategy.
Global trading capabilities expand market access popular cryptocurrencies, allowing a diverse range of crypto traders to participate. This can significantly increase trading volume and liquidity in the market, providing better price discovery and more efficient trades.
Yes, eToro employs advanced security measures to protect users’ personal data and financial transactions. The platform uses SSL encryption to secure data transmission and supports two-factor authentication (2FA) to add an extra layer of security to user accounts, helping to prevent unauthorized access.
The crypto social trading revolution refers to the growing trend of platforms that combine cryptocurrency trading with social networking features. Traders can share insights, strategies, and even replicate the trades of seasoned market makers or professional traders.
Certain exchanges offer instant credit lines, allowing traders to borrow against their crypto holdings instantly, giving them the ability to leverage positions or access liquidity without selling their assets.
Futures and derivatives allow for speculation on future prices of cryptocurrencies. They are advanced trading options that require an understanding of the derivatives market and carry higher risks, but they also offer the potential for higher rewards.
Security measures are crucial to protect against unauthorized access and potential financial losses. Top security practices include two-factor authentication, encryption, cold storage of digital assets, and regulatory compliance.
A tiered fee structure for crypto accounts means that the fees for trading decrease as a user’s trading volume increases. This can incentivize high-volume trading and is a feature often sought by active crypto traders.
Local fiat access allows users to deposit and withdraw in their local currency, with fiat currencies making it simpler and often cheaper to trade. It also facilitates quicker entry and exit from the crypto world for local market participants.
Free mobile apps offer the convenience of trading on the go. They typically provide a user-friendly interface, simple navigation, and access to essential trading tools and account management features.
Public APIs enable developers to create custom trading bots or applications that can interact directly with other users of the exchange, automate trades, and offer more personalized trading options.
Yes, some exchanges offer paper trading or demo accounts, which allow you to practice trading with virtual money. This can be a valuable tool for new traders to learn the ropes without risking real funds.
References
MEXC. (2024). About MEXC. Retrieved from https://www.mexc.com/about
https://www.bbc.co.uk/news/business-65824886
