Binance vs MEXC: Who Has Lower Fees in 2025?

Cryptocurrency trading fees can make or break long-term profitability, especially for active traders. Whether you are a casual investor or a high-frequency trader, minimizing your trading costs is a crucial component of maximizing returns. In 2025, Binance and MEXC remain two of the most widely used cryptocurrency exchanges in the world, each offering unique pricing structures, fee discounts, and incentive programs. This article provides a comprehensive, side-by-side comparison of their fees to help you understand which exchange might suit your needs best.

Spot Trading Fees

Binance Spot Trading

Binance charges a standard 0.10% maker and taker fee on all spot trades. However, users who choose to pay their trading fees using Binance’s native token, BNB, receive a 25 percent discount, reducing the effective rate to approximately 0.075 percent. This applies across most trading pairs and has been a consistent feature of Binance’s fee strategy for several years.

Binance also periodically offers zero-fee promotions on selected spot trading pairs. For instance, pairs like BTC/FDUSD or ETH/FDUSD may have no maker or taker fees for a limited time. This can be particularly attractive for short-term traders or those experimenting with new trading pairs.

Binance offers a comprehensive VIP structure where high-volume traders benefit from reduced fees. Users can move through various VIP levels based on their 30-day trading volume and BNB holdings, with each tier offering progressively lower rates.

MEXC Spot Trading

MEXC adopts a more aggressive fee structure. The platform offers 0.00 percent maker fees on spot trading and only 0.05 percent for taker orders. This makes MEXC highly competitive for spot traders, especially those executing high-frequency strategies.

In addition to low base rates, MEXC provides discounts for users who hold and use MX tokens to pay fees. Depending on the user’s trading tier and MX token balance, total trading costs can be cut by as much as 50 percent. The platform also runs frequent zero-fee campaigns on trending pairs such as BTC/USDT, XRPUSDT and ETH/USDC.

While MEXC does not mandate KYC for withdrawals under 30 BTC per day, users who verify their identity may gain access to higher limits and additional features.

Futures Trading Fees

Binance Futures

Binance Futures offers a standard maker fee of 0.02 percent and a taker fee of 0.04 percent. Users who pay with BNB get a 10 percent discount, lowering the rates to approximately 0.018 percent and 0.036 percent respectively.

VIP levels apply here as well. High-volume traders and institutional clients often receive additional reductions through Binance’s tiered system. Frequent promotional events also offer temporary reductions on fees for specific contracts or trading challenges.

The Binance Futures platform is known for its deep liquidity, high leverage options, and advanced trading tools. However, users must complete full KYC verification before accessing futures trading.

MEXC Futures

MEXC Futures charges no maker fee and just 0.01 percent for taker orders, making it one of the most affordable options for futures traders in 2025. Users paying fees with MX tokens receive up to 20 percent off, with VIPs potentially reaching 50 percent discounts.

The platform supports leverage of up to 500x on USDT-margined perpetual contracts and offers flexible margin modes including cross and isolated. Additionally, MEXC provides a futures insurance fund to cover unexpected liquidation deficits, adding a layer of security to leveraged trading.

No mandatory KYC requirement means users can start trading futures quickly, although verified accounts benefit from higher withdrawal limits and account recovery features.

Token-Based Discounts and VIP Programs

Binance BNB Utility

BNB serves multiple purposes within the Binance ecosystem, including fee discounts, staking, and participation in launchpad events. The 25 percent trading fee discount remains one of the most significant benefits for active traders.

VIP users who hold more BNB and achieve higher trading volumes gain access to even lower fees, enhanced API limits, and exclusive product offerings.

MEXC MX Token Incentives

The MX token is central to MEXC’s user incentive program. Holding and using MX tokens can reduce fees by up to 50 percent, and the exchange regularly distributes fee credits to loyal users.

MEXC also rewards MX holders with staking yields, launchpad access, and trading airdrops. These incentives can significantly enhance the value proposition for users committed to the MEXC ecosystem.

User Experience and Fee Accessibility

Binance

Binance offers a professional-grade platform with advanced trading tools, charting features, and API access. The interface is well-suited for experienced traders, though beginners may find the options overwhelming.

KYC is mandatory for most services, including futures and fiat withdrawals. While this ensures regulatory compliance, it may deter users seeking more anonymity.

MEXC

MEXC emphasizes simplicity and ease of use. Its interface is clean and beginner-friendly while still offering the core functionalities advanced traders expect.

The no-KYC policy (for accounts under 30 BTC daily withdrawal) lowers the barrier to entry. Users looking for fast onboarding without extensive identity checks may find this attractive.

Final Verdict: Who Has Lower Fees in 2025?

When it comes to raw numbers, MEXC clearly offers lower fees in 2025. With zero maker fees on both spot and futures markets, and taker fees capped at 0.05 percent and 0.01 percent respectively, it is a cost-effective platform for both casual and high-volume traders.

Binance remains a strong contender, particularly for users already embedded in its ecosystem. Its VIP program, BNB-based discounts, and promotional events provide meaningful ways to reduce fees, especially for high-tier traders.

The better choice depends on your trading style:

• Go with MEXC if you want low fees with minimal requirements, fast onboarding, and broad token access.
• Stick with Binance if you prioritize advanced features, deep liquidity, and don’t mind completing full KYC.

Conclusion

Both Binance and MEXC offer competitive fee structures in 2025, but they cater to slightly different audiences. MEXC excels in affordability and accessibility, making it ideal for cost-conscious and new users. Binance, on the other hand, provides robust infrastructure and flexibility for professional traders willing to navigate its more complex fee system and verification requirements.

Before choosing an exchange, assess your trading volume, risk tolerance, and feature requirements. Fees are only part of the equation. Always trade responsibly and understand the risks involved in crypto investing.

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