Binance vs MEXC: fees, cashback and which to choose
Binance is the world's largest exchange by volume and liquidity; MEXC is the exchange with the largest altcoin catalog. We compare them on fees, available cashback and which trader profile each suits — plus how to recover part of your fees on both.
Quick comparison
| Binance | MEXC | |
|---|---|---|
| Cashback | 15% | 22% |
| Applies to | of your trading fees | of your trading fees |
| Countries | 6+ | 6+ |
| Best for | traders who prioritize maximum liquidity, broad catalog and low base fees | altcoin traders chasing low-cap tokens that are hard to find elsewhere |
Fees
Binance. Low base fees (spot 0.1%, less with BNB and by volume). The cost leader at high volume.
MEXC. Low fees with frequent zero-fee spot promotions. One of the highest cashback rates (22%).
Available cashback
MEXC offers more cashback (22%) than Binance (15%), so you recover a larger share of every fee you pay. The gap matters most if you trade with volume.
Work out how much you'd recover for your volume with the cashback calculator.
Pros and cons
Pros
- Top market liquidity
- Very competitive base fees
- Huge ecosystem (earn, launchpad, etc.)
- 15% cashback via Omanero
Cons
- Regulatory restrictions in some countries
- Cashback slightly lower than other exchanges
Pros
- Huge altcoin catalog
- Low fees and zero-fee promos
- 22% cashback via Omanero
- Early listings of new tokens
Cons
- Lower liquidity on low-cap pairs
- Fewer advanced products than the majors
Best for each profile
Choose Binance if you're traders who prioritize maximum liquidity, broad catalog and low base fees. Choose MEXC if you're altcoin traders chasing low-cap tokens that are hard to find elsewhere.
Verdict
If your priority is recovering the most fees, MEXC leads with 22% cashback. If you value Binance's profile more, you still recover fees at 15%. Best of all: you don't have to choose — use both and earn cashback on each.
Recover fees on Binance and MEXC with verifiable payments.