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In your search for the best crypto exchange for trading, odds are you’ve likely heard of MEXC and BYDFi. And when it comes to the question of which platform to use, it can be challenging to know which one is right for you. This is because both exchanges offer some similar products for trading, storing, and managing crypto assets.
However, they also have unique features and products that make them suitable for different traders. For instance, MEXC offers a comprehensive suite of products, making it an ideal option for advanced traders. On the other hand, BYDFi offers less product support and fewer coin support than MEXC, so it could be a great place to start for beginners.
That said, this BYDFi vs MEXC comparison will give you a full picture of what both exchanges offer, helping you decide which is best for your needs.
| Metrics | BYDFi | MEXC |
| Best for | Beginners and US-based traders | Advanced traders |
| Founded | 2020 | 2018 |
| Supported crypto assets | 1000+ | 3,000+ |
| Best features | BYDFi card, spot and futures trading, bots, MoonX, and copy trading. | DEX+, spot and futures markets, launchpad, MEXC Earn, and automated trading tools. |
| Native token | BYD token | MX token |
| Security | Multi-layer security, two-factor authentication (2FA), segregated accounts, and cold storage. | Cold and multi-sig storage, 2FA, and real-time monitoring. |
| Customer support | Live chat, email, and guides. | 24/7 live chat, email, and comprehensive learning materials. |
| Accessibility | Mobile and desktop | Mobile and desktop |
| Supported payment methods | Crypto, credit/debit card, and bank transfers. | Crypto, credit/debit card, bank transfers, and third-party payment providers. |
BYDFi is a Singapore-based cryptocurrency exchange that offers spot trading, derivatives, copy trading, and perpetual contracts for over 500500 cryptocurrencies. The platform allows investors to trade without KYC and access it without a VPN. Due to this access level, BYDFi is able to serve more than 1,000,000 users across 190 countries.
The exchange originally launched in 2020, and it rebranded to BYDFi in 2023. This name was derived from “BUIDL Your Dream Finance” to reflect its mission of providing high-quality digital asset services and promoting blockchain adoption.
In 2025, BYDFi launched MoonX, an on-chain memecoin trading tool. This move is advancing the platform toward a combined CEX+DEX model.
Additionally, BYDFi’s recent collaboration with Newcastle United further highlights the exchange’s commitment to expanding its international presence and connecting with global communities. The partnership offers fans access to innovative digital finance tools while showcasing BYDFi’s trading platform to a wider audience.
| Pros | Cons |
| Competitive trading fees (0.02% maker/0.06% taker fees for perpetual contracts, 0.1% spot). | No staking or lending for passive income. |
| Best for futures trading, offering high leverage up to 200x on futures contracts. | High-risk leverage amplifies losses; overnight funding fees add costs. |
| 1000+ crypto trading pairs. | Lacks advanced order types (e.g., TWAP, iceberg) and native API for algos. |
| Strong security: multi-sig cold storage (95%+ funds), segregated accounts, no hacks. | No-KYC exchange, making it risky to hold large amounts of cryptocurrency. |
| Copy trading, grid bots, demo account with $50K virtual USDT. | No phone support; limited educational resources. |
| No KYC for basic trading; available in 190+ countries including the USA. | Withdrawals limited to USDT only. |
| TradingView charts, fiat gateways (100+ currencies via third-party payment providers). |
MEXC is a centralized cryptocurrency exchange founded in 2018. The crypto trading platform offers spot, futures, and margin trading, as well as staking, and is one of the best altcoin exchanges, offering access to over 3,000 cryptocurrencies across 170+ countries. The exchange is popular for its high-performance trading engine, which can process up to 1.4 million trades per second.
In addition, MEXC supports early listings of trending tokens, such as memecoins and AI projects, with low fees, daily airdrops, and deep liquidity. It also provides advanced tools such as copy trading, ETFs, launchpads, and a user-friendly interface for both beginners and professional traders.
In terms of security, MEXC implements multi-layer protections, including SSL encryption, two-factor authentication, multi-signature wallets, cold storage for most assets, anti-DDoS measures, address whitelisting, anti-phishing measures, and regular audits, with no reported hacks or major breaches.
| Trading options | BYDFi | MEXC |
| Spot trading | Yes | Yes |
| Futures trading | Yes | Yes |
| Leverage trading | Up to 200x | Up to 500x |
| Pre-market | No | Yes |
| Convert | Yes | Yes |
| P2P trading | Yes | Yes |
| Demo trading | Yes | Yes |
| Copy trading | Yes | Yes |
| Bot trading | Yes | Yes |
| NFT marketplace | No | Yes |
It supports over 500,000 memecoin trading pairs, offers fast listing for new tokens, enables on-chain transactions for transparency, and includes tools like automated copy trading. MoonX also features Alpha, which tracks hot meme assets via smart money patterns.
| Fee | BYDFi | MEXC |
| Spot trading | 0.1% maker and taker fees | 0% maker and 0.05% taker |
| Futures trading | 0.02% maker and 0.055% taker | 0% maker and 0.02% taker |
| Deposit fees | Free for crypto deposits | Free for crypto deposits |
| Withdrawal fees | Varies based on asset and network conditions | Varies based on asset and network conditions |
| Fee discounts | Tiered | 20% discount for MX holders |
| Metrics | BYDFi | MEXC |
| Supported coins | 600+ | 3,000+ |
| Trading pairs | 1,000+ | 2,000+ |
| Market liquidity | Medium | Deep |
| Trading volume | Lower | High |
| Metric | BYDFi | MEXC |
| Referral bonus | 8,100 USDT | 10,000 USDT |
| Affiliate commission | 70% | 70% |
| Fee rebate | 10% | 50% |
| Additional benefits | The Global Partner Program offers monthly salaries (up to 2500 USDT + 2500 BYD tokens), exclusive gifts, and priority access to products for qualified partners with large communities. | Sub-affiliates receive an additional 10% commission. |
| KYC requirements | Not mandatory | Mandatory |
BYDFi has a beginner-friendly interface and offers seamless onboarding, while MEXC offers a feature-rich platform appealing to experienced traders. Both platforms provide mobile apps, making the platform more accessible, though MEXC handles higher volumes better.
BYDFi has a clean, intuitive design that simplifies trading for novices, with quick registration and an organized interface for spot, futures, and copy trading tools. Meanwhile, after using MEXC, we found its comprehensive dashboard suitable for professional traders, as it provides advanced tools such as detailed charts, more trading pairs, trading bots, and copy trading.
Both MEXC and BYDFi provide support via live chat, email, ticket systems, and help centers with FAQs and guides. Users can access support directly from the app and web interfaces. If you have a query, you can start with the automated live chat for quick resolutions, especially for frequently asked questions.
For BYDFi, online reviews reveal that the cryptocurrency exchange provides fast deposits, and users appreciate the optional KYC flexibility. Even with these, other users mention slow customer service on complex queries, app glitches during volatility, and limited fiat options outside select regions.
For MEXC customer support, reviewers are mostly inclined to the exchange’s wide coin selection, zero spot trading fees for makers, and quick listings of new projects. Common complaints include account freezes without clear reasons, slower UK/EU support, and verification delays amid high traffic.
MEXC and BYDFi are both reliable crypto exchanges for trading Bitcoin and other cryptocurrencies. MEXC is ideal for both beginners and advanced traders, but seasoned investors may benefit more from the platform’s extensive product offerings and trading options than newbies.
If you’re leaning toward BYDFi after reading this comparison, you can explore the platform yourself and see how its interface, fees, and trading tools match your style. BYDFi is particularly useful if you want a simpler setup, quick onboarding, and access to both spot and futures markets without the heavy complexity of larger exchanges.
You can sign up in a few minutes, try a demo account, or experiment with copy trading before committing any real funds. Also, ensure you do your own research and compare with crypto exchanges to get a balanced view of what to expect from a crypto trading platform.
Yes, BYDFi is legal in the US. BYDFi offers limited services in the US due to strict US crypto regulations, particularly regarding derivatives (perpetuals). However, it provides spot trading, copy trading, and fiat on/off ramps by relying on third parties for US fiat.
Yes, MEXC is prohibited in the USA, as the exchange explicitly bans registration and trading for US traders due to strict US crypto regulations. Although US traders can visit the website, MEXC blocks US IP addresses and lists it as a restricted country in its terms, meaning that operating there without a license is illegal for them.
MEXC has lower fees than BYDFi across spot and futures markets. Although both exchanges offer competitive structures with tiered trading volume-based reductions, MEXC’s zero maker fees give it an edge for frequent traders.
BYDFi is more beginner-friendly than MEXC due to its simpler, less congested interface and features like demo trading. MEXC’s advanced tools and vast altcoin selection can overwhelm new users despite its intuitive design.
Both BYDFi and MEXC support free cryptocurrency deposits via multiple networks. BYDFi additionally offers fiat deposits through third-party providers, credit/debit cards, and bank transfers. MEXC focuses primarily on crypto deposits with P2P options for fiat entry in select regions.
For withdrawals, both exchanges offer crypto withdrawals, but BYDFi does not support fiat withdrawals. BYDFi users have to convert to stablecoins like USDT, transfer them to external fiat exchanges, sell for fiat, and then bank transfer the proceeds.
The post BYDFi Vs. MEXC: Which Platform Do Global Derivatives Traders Prefer? appeared first on NFT Plazas.
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