ByBit vs MXC: Fees, Coins, Safety Comparison
| Feature | ByBit | MXC |
|---|---|---|
Overall |
4.9 |
3.3 |
3.1 |
3.2 |
|
5.0 |
2.9 |
|
5.0 |
4.1 |
|
Investment Instruments |
5.0 |
3.8 |
Platforms and Charting Tools |
4.9 |
3.0 |
Deposit and Withdrawal |
4.0 |
3.1 |
Research |
4.2 |
2.7 |
Education |
4.1 |
2.5 |
Support |
4.5 |
3.4 |
Bonuses |
5.0 |
3.9 |
|
Your capital is at risk.
|
Your capital is at risk.
|
ByBit vs MXC: Pros and Cons
The Bybit cryptocurrency exchange first appeared in 2018. It is a standalone derivatives trading platform with inverse and perpetual futures contracts with up to 1:100 leverage. Quarterly USD futures are available at Bybit in combination with BTC, ETH, XRP, EOS, LTC, and multiple tokens. There is a linear futures contract on BTC/USDT. The exchange has several technological advantages: it provides for mutual insurance of market participants against possible sharp price movements. There are offsets for long and short positions, and there is market depth.
The MXC cryptocurrency exchange (MXC.com) has been operating since 2018. The company is registered in Singapore, which is a loyal digital asset jurisdiction. The platform offers clients trading and P2P exchange services. The main specialization of the trading platform is to provide clients with crypto/crypto trading services with currencies such as Bitcoin (BTC), Ethereum (ETH), and Tether USD (USDT). The undoubted bright side of the platform is access to cryptocurrency ETF funds.
| ByBit | MXC | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:100 | 120+ cryptocurrencies for trading; |
| Derivatives, NFT Available | receive additional income through staking and holding; | |
| Zero fee spot trading | an affiliate program with income up to 80% of the deposit of the invited trader. | |
| Deposit Fee – 0% | ||
| Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | ||
| Strong Research | ||
| Overall Cons | No tier-1 regulation | commissions of 0.2% per trade; |
| No Fiat Deposit and Withdrawal | withdrawal fees (0.0005 BTC for Bitcoin); | |
| lack of support for fiat currencies for trading; | ||
| no MAM or PAMM accounts; | ||
| mandatory verification. |
ByBit vs MXC: Safety and Regulation
| Regulated By: | ByBit | MXC |
|---|---|---|
Government-regulated |
Yes |
No |
U.S Regulated |
No |
No |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
No |
Spain Regulated |
No |
No |
DFSA in UAE |
No |
No |
Singapore Regulated |
No |
No |
Australia Regulated |
No |
No |
Seychelles Regulated |
Yes |
No |
Other countries |
Austria’s Financial Market Authority (FMA), Georgia, Kazakhstan |
ByBit vs MXC: Trading Conditions
| Trading Conditions | ByBit | MXC |
|---|---|---|
Minimum deposit, USD or USDT |
1 |
1 |
Futures leverage |
100 |
125 |
Spot leverage |
10 |
5 |
Supported Coins |
638 |
2276 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
1 |
1 |
ByBit vs MXC: Fees
| Fee | ByBit | MXC |
|---|---|---|
Spot Taker fee |
0,1 |
0,05 |
Spot Maker fee |
0,1 |
No |
Futures Taker fee |
0,055 |
0,02 |
Futures Maker fee |
0,02 |
No |
Deposit fee |
No |
No |
Withdrawal fee |
0,000111 ВТС 0,0015 ETH (ERC20) |
0,0003 BTC |
P2P taker fee |
No |
0,2 |
P2P fee rate, maker fee |
No |
0,2 |
ByBit vs MXC: Trading Assets
| Asset Name | ByBit | MXC |
|---|---|---|
Coins Supported |
638 |
2276 |
P2P |
Yes |
Yes |
Perpetual contracts |
Yes |
Yes |
NFT |
Yes |
Yes |
Crypto Options |
Yes |
No |
Futures |
Yes |
Yes |
ByBit or MXC: Investment Programs
| Asset Name | ByBit | MXC |
|---|---|---|
Staking |
Yes |
Yes |
Copy trading |
Yes |
Yes |
Yield farming |
No |
Yes |
Affiliate program |
Yes |
Yes |
Trading Platforms: MXC or ByBit
| ByBit | MXC | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: MXC or ByBit
| ByBit | MXC | |
|---|---|---|
SMS Based 2 FA |
No |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: MXC or ByBit
| ByBit | MXC | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: MXC or ByBit
| ByBit | MXC | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: MXC or ByBit
| ByBit | MXC | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
ByBit vs MXC: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ByBit | MXC |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
No |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
ByBit vs MXC: Research
| Research Type | ByBit | MXC |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
Yes |
No |
ByBit vs MXC: Education
| Education Type | ByBit | MXC |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Webinars |
No |
No |
MXC vs ByBit: Support
| Support Features | ByBit | MXC |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
No |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
Telegram |
Ticket |
ByBit vs MXC: Crypto Bonuses and Promo
| Promo | ByBit | MXC |
|---|---|---|
Crypto Bonus |
Complete tasks and get up to $580 |
Rewards Center |
Affiliate Program |
$20 per invited user, up to $50 deposit bonus |
MXC.com pays customers up to 80% of the affiliate's replenished amount. |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on MXC
-
Comment
Every login or withdrawal requires confirmation, which is great because security is my top priority. I’ve never faced any hacks or issues.
-
Comment
So, I’ve been using MEXC for a while now, and honestly, one of the things I appreciate is the variety of coins they offer. It’s not just the popular ones, they’ve got some niche tokens that you don’t see everywhere. That kind of variety keeps things interesting. The interface is pretty straightforward too, no confusing menus or hidden features, just what I need to trade without much hassle. What I like is how the withdrawal process isn’t unnecessarily complicated. You can get your funds out without jumping through hoops, and the fees seem reasonable to me, especially compared to some other places I’ve tried. They also have these bonuses now and then, which are a nice little perk. One thing that could be better, though, is the mobile app. It works fine, but it feels a bit slower compared to the desktop version. Still, nothing deal-breaking.
-
Comment
My interaction with the MEXC platform is mainly for spot trading, and I really like their no-fee structure, especially for altcoins. The trading interface is super fast, and I’ve noticed trades go through almost instantly, which is a dealbreaker for me. They also offer a solid selection of crypto pairs which makes diversifying pretty easy. However, I wish their fiat withdrawal options were more convenient as it’s a bit tricky without direct bank transfers. But overall, it's been reliable for quick trades.
-
Comment
MXC is a reliable broker! The order execution speed is normal, spreads are tight, and technical support works well and quickly. I don't think I'll find a better broker. I am glad I chose MXC.
-
Comment
I can't say that this company is top. Slippages occur here as everywhere else. Withdrawals are good and take from a few hours to a few days. I'm a patient person, so I'll wait and see if there are any improvements. For now, my rating for mxc is 3 plus.
Top 5 Reviews on ByBit
-
Comment
I discovered Bybit through recommendations in trader chats. What first caught my attention was the low minimum deposit — just $1 — so I decided to try trading derivatives. I trade BTC/USDT and ETH/USDT pairs and was pleased with the deep order book and fast execution speed. The leverage goes up to 1:100, which is useful for testing different strategies. After a month of active trading on Bybit, I managed to grow my deposit by 12%. I also liked the mutual loss protection feature — when prices drop sharply, part of the losses is covered. The trading fees are market-standard: not the lowest, but still reasonable.
-
Comment
I signed up to take advantage of up to 1:100 leverage and to assess the order book depth. Orders are executed quickly. Commissions are market-standard, but there are maker bonuses that help reduce costs. Among derivatives, I use EOS/USDT and LINK/USDT. Withdrawals are only available in crypto, but I haven't encountered any issues. There's a single account for all types of futures, which is convenient — no need to switch between accounts.
-
Comment
Bybit is a platform focused specifically on futures and derivatives, while classic crypto trading is limited — mostly USDT pairs. The minimum entry is just $1, and the maximum leverage is 1:100. That’s great, but it requires discipline. I also give a plus for the fact that the BTC/USDT futures contract costs just $1 — perfect for testing strategies without much risk. I don’t use the mobile app; I trade exclusively through the web.
-
Comment
The order system is well thought out. There are both market and conditional orders, plus the market depth through the order book allows you to assess volumes. I trade BTC/USDT and ETH/USDT — everything works smoothly with them. The trading commission is about standard. I top up my account via Visa, and it's convenient that the fiat gateway is supported. I trade futures with a leverage of 1:50 — optimal for risk management.
-
Comment
After using Bybit for crypto, I decided to try Forex trading through MT5. At first, I didn’t fully understand how automatic leverage works, but eventually figured it out - it’s fixed per contract and cannot be changed. It’s good that deposits are free and withdrawals have fixed rates depending on the coin. I haven’t seen any hidden fees or markup. Everything is ECN as stated. Trading via the MT5 mobile version is convenient, but support response times can be slow.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.