Bybit vs MEXC: fees, cashback and which to choose
Bybit is the go-to exchange for derivatives and futures; 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
| Bybit | MEXC | |
|---|---|---|
| Cashback | 20% | 22% |
| Applies to | of your trading fees | of your trading fees |
| Countries | 7+ | 6+ |
| Best for | futures and derivatives traders who want market depth and fast execution | altcoin traders chasing low-cap tokens that are hard to find elsewhere |
Fees
Bybit. Competitive futures fees (taker ~0.055%) with discounts via VIP tier and the platform token.
MEXC. Low fees with frequent zero-fee spot promotions. One of the highest cashback rates (22%).
Available cashback
MEXC offers more cashback (22%) than Bybit (20%), 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
- Deep derivatives liquidity
- Fast execution and polished app
- Built-in copy trading
- 20% cashback via Omanero
Cons
- Not available to US residents
- Derivatives interface can intimidate beginners
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 Bybit if you're futures and derivatives traders who want market depth and fast execution. 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 Bybit's profile more, you still recover fees at 20%. Best of all: you don't have to choose — use both and earn cashback on each.
Recover fees on Bybit and MEXC with verifiable payments.