Quick Answer:
Our analysis shows that MEXC is the best with a 4.5/5 review rating, compared to OKX’s 4.35/5. However, each exchange has its own set of advantages tailored to different user needs and goals;
- Best for Advanced Trading: MEXC
- Lowest Fees: MEXC
- Which is Safest: OKX
- Best for Beginners: OKX
- Best for Altcoins: MEXC, due to its high variety of assets (1500+)
Page Contents
MEXC and OKX Overview
Review Score 4.5/5
MEXC
Launched in 2018, MEXC empowers users with a user-friendly platform for spot, margin, and futures trading. Boasting robust security, a vast coin selection, and innovative features like staking and DeFi, MEXC has attracted over 10 million users worldwide, solidifying its position as a leading cryptocurrency exchange.
Review Score 4.35/5
OKX
OKX sets a high standard in the crypto exchange market with its intuitive interface, appealing to both beginners and experienced traders. The platform offers a broad spectrum of financial services, including derivatives trading, savings, mining pools, and DeFi products. Its robust security measures and global accessibility make it a preferred choice for users worldwide.
MEXC and OKX Comparison Table
 MEXC |  OKX | ||||
Spot Crypto | 1500+ | 350+ | |||
FCA Regulated | |||||
Founded | 2018 | 2017 | |||
HQ | Singapore | Seychelles | |||
Native Token | MX | OKB | |||
 | 1.9/5 | 3.2/5 | |||
Staking | |||||
Leverage | up to 200x | Non UK | |||
Mobile App | |||||
DEFI Wallet | |||||
Beginner Friendly | 3.5/5 | 4/5 | |||
Demo Account | |||||
Available in UK | |||||
Review Score | 4.5/5 | 4.35/5 | |||
* Please refer to the exchange website for up to date information. | |||||
Which is Safest?
Based on the latest security ratings from Cer.live, MEXC has an AA rating with an 86.50% security score, while OKX has an A rating with an 81.80% security score. This information indicates that both platforms have strong security measures in place, with MEXC slightly ahead in the ratings.
These ratings reflect their commitment to maintaining high security standards through various measures like ongoing bug bounty programs and approved penetration tests. For those prioritizing security in their choice of cryptocurrency exchange, MEXC’s higher rating might give it an edge over OKX.
Which is Best for Advanced Trading?
What Trading Options and Tools are Available?
Both MEXC and OKX cater to advanced traders with a wide range of trading options, including futures, options, and perpetual swaps.
MEXC is praised for its extensive list of cryptocurrencies and advanced analytical tools.
OKX, on the other hand, offers a robust platform with diverse derivatives trading options and integrated financial services.
Which is More User Friendly?
While both platforms are designed to cater to advanced traders, OKX is noted for balancing complexity with user friendliness, offering an intuitive interface alongside its advanced features.
MEXC’s platform, rich in features and tools, may require a steeper learning curve.
Verdict: Which is Best for Advanced Trading?
Both are great options for Crypto Trading, but MEXC just edges OKX as the best.
MEXC offers an impressive range of cryptocurrencies and tools for market analysis, making it suitable for those who prioritize variety and in-depth analysis.
OKX, with its user-friendly interface and derivatives trading options, is ideal for advanced traders seeking a balance between functionality and accessibility.
Which has the Lowest Fees?
How do Their Fees Compare?
Both MEXC and OKX structure their fees around maker-taker models, competitive within the industry.
MEXC is known for its relatively low trading fees and various discounts available through its native token utility or trading volume.
OKX, similarly, offers competitive fees with additional discounts for high-volume traders and OKB token holders.
Verdict: Which Exchange is Cheapest?
Both MEXC and OKX offer competitive fees. Overall the cheapest is MEXC, but the “cheapest” depends on your trading style:
High-volume traders: OKX’s tiered fees can be lower with high trading volume.
Frequent traders: Consider MEXC’s VIP program for potential fee discounts.
Casual traders: Both offer comparable fees, so choose based on features and supported cryptos.
| Fee Type | MEXC | OKX |
|---|---|---|
| Trading Fees (Maker) | 0% - 0.1% | 0.02% - 0.08% (Tiered) |
| Trading Fees (Taker) | 0.1% - 0.2% | 0.05% - 0.1% (Tiered) |
| Deposit Fees | Free | Free |
| Withdrawal Fees | Varies by Crypto (e.g., BTC: ~$35) | Varies by Crypto (e.g., BTC: ~$35) |
| Margin Trading Fees | 0.01% - 0.03% per day | 0.01% - 0.05% per day (Tiered) |
| Maker/Taker Fee Explanation | Makers add liquidity to the order book and receive a discount on fees. Takers remove liquidity and pay a higher fee. | Same as MEXC. |
Fees Table Notes:
MEXC: The trading fee range depends on your VIP level. Higher VIP levels receive lower fees. You can find the specific fee structure on the MEXC website.
OKX: The trading fee range is tiered based on your 30-day trading volume. Higher trading volume leads to lower fees. You can find the detailed fee structure on the OKX website.
Deposit and Withdrawal Fees: Both exchanges offer free deposits, but withdrawal fees vary depending on the specific cryptocurrency. It’s recommended to check the specific fee for your desired crypto on each exchange’s website before making a transaction.
Margin Trading Fees: These fees apply to borrowing funds for leveraged trading. The fee rate depends on the specific asset and your tier level on each exchange.
Additional Considerations:
Trading Volume: If you have high trading volume, OKX might offer more competitive fees due to their tiered structure.
VIP Programs: MEXC offers a VIP program with various benefits, including lower trading fees. If you are a frequent trader, it might be worth considering their VIP program.
Supported Cryptos: Both exchanges offer a wide range of cryptocurrencies, but there might be some variances. It’s crucial to check if they support your desired crypto before choosing an exchange.
Which is Best for Beginners?
When choosing a cryptocurrency exchange as a beginner, it’s crucial to consider several factors that contribute to a positive and straightforward trading experience. These factors include user interface, educational resources, customer support, and the simplicity of executing trades.
User Interface and Experience:
OKX is renowned for its user-friendly interface, which is designed to be intuitive for beginners.
The platform offers a clean layout, straightforward navigation, and easy access to trading tools and resources. This simplicity can significantly reduce the learning curve for new users.
Educational Resources:
Both platforms offer a range of educational materials aimed at helping users understand the basics of cryptocurrency trading. OKX, in particular, provides a comprehensive learning center that covers a wide range of topics from crypto fundamentals to advanced trading strategies.
MEXC also offers guides and articles, but OKX’s resources are particularly noted for their depth and accessibility.
Customer Support:
Access to responsive and helpful customer support is essential for beginners, who may have more questions as they navigate their early trading experiences.
Both MEXC and OKX offer customer support, but OKX’s support is often highlighted for its efficiency and the availability of multi-language support, making it more accessible to a global audience.
Simplicity of Trading:
For executing trades, OKX streamlines the process, making it less intimidating for new users. While MEXC provides a wealth of trading options and tools that can be advantageous for more experienced traders.
OKX balances advanced features with simplicity, making it easier for beginners to start trading without feeling overwhelmed.
Verdict
Given its user-friendly interface, extensive educational resources, responsive customer support, and streamlined trading process, OKX stands out as the more suitable choice for beginners.
Its commitment to making cryptocurrency trading accessible and understandable for newcomers makes it an ideal starting point for those new to the crypto space.
For beginners, diving into the world of cryptocurrency trading can be daunting, but choosing a platform like OKX that is designed with the needs of new traders in mind can make the journey much more manageable and rewarding.
Which Has the Best Mobile App?
Overview
The MEXC mobile app is praised for its user-friendly interface, supporting both Android and iOS devices, and offers a wide range of trading options. It provides features like ETF trading, contract trading, and PoS staking, making it versatile for different trading strategies.
The app focuses on user education, community engagement, and security, featuring a comprehensive security risk control system.
OKX’s mobile app, while specific details were not directly retrieved, is expected to offer a similar range of features as its desktop platform, including spot trading, margin trading, and staking, tailored for mobile use.
It mirrors the comprehensive features of the browser version, ensuring a seamless mobile trading experience with access to in-depth analysis and easy trade execution. Security and user-friendliness are emphasized, catering to both beginner and advanced traders.
Verdict
Both MEXC and OKX mobile apps offer compelling features tailored to enhance the trading experience on mobile devices. The choice between them depends on the user’s specific needs and trading preferences.
We personally prefer the OKX app for its user friendly interface and features closely matching its desktop platform.
Which is Best for Altcoins?
Overview
MEXC boasts a vast array of cryptocurrencies, supporting over 1,500 assets across various trading modalities like spot, margin, and futures trading. It is recognized for its early listings of new coins, particularly in DeFi and NFT sectors, enhancing its appeal to traders looking for emerging opportunities.
OKX provides access to over 350 cryptocurrencies, offering a comprehensive suite of trading products including spot, margin trading, and perpetual swaps.
Verdict
Both MEXC and OKX have a large and diverse range of tradable crypto assets, but MEXC has the most with over 1500.
MEXC vs OKX: Which Platform Is Best for You in 2024?
How Do They Compare Overall?
MEXC and OKX are both highly regarded in the cryptocurrency exchange arena, each offering a unique set of features tailored to diverse user needs.
MEXC stands out for its extensive selection of cryptocurrencies and innovative financial products like ETF trading, catering to traders seeking variety and early access to emerging tokens.
OKX offers a broad spectrum of trading products and significant passive income opportunities through staking and savings, making it ideal for users interested in both trading and investment options.
Comparative Insights
When comparing MEXC and OKX, the choice boils down to what a user values most in a crypto exchange. MEXC’s vast crypto offerings and unique products like ETF trading appeal to users looking for diversity and innovation in their trading experiences.
OKX distinguishes itself with its comprehensive trading tools, passive income opportunities, and a user-friendly interface suitable for both beginners and seasoned traders.
Which Should You Choose Based on Your Needs?
If your priority is accessing a wide array of cryptocurrencies and innovative trading products, MEXC may be the best fit for you, given its expansive asset offerings and early listings of new tokens.
For those seeking a robust platform with a mix of trading and investment opportunities, including passive income through staking, OKX offers a well-rounded experience with its extensive range of financial services.
Ultimately, your specific trading preferences and investment goals will guide your choice between these two leading platforms.
Final verdict
In conclusion, MEXC is the better choice for experienced traders due to its extensive variety of altcoins, margin trading features, and lower trading fees. OKX is ideal for beginners because of its user-friendly interface, educational resources, and a good selection of cryptocurrencies. The best platform depends on your trading experience and what you value most.
FAQs
Coinbase offers a user-friendly interface and supports established coins, making it easier to navigate for beginners.
OKX provides advanced features like margin trading, low fees, and a wider selection of assets (including over 350 altcoins), catering well to experienced traders.
KX generally boasts lower fees compared to Coinbase, especially for frequent traders and altcoin transactions.
Both OKX and Coinbase prioritize security measures. However, Coinbase offers FDIC insurance for USD holdings (up to specific limits), which might be a factor for some users.
Coinbase offers seamless fiat on-and-off ramping options. OKX primarily focuses on crypto-to-crypto trading, with limited fiat options depending on your region.
MEXC’s vast selection of over 1,500 cryptocurrencies offers users unparalleled access to a wide variety of altcoins, including emerging and niche tokens, catering to enthusiasts and investors looking to diversify their portfolios.
