Webull vs Mexc: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Webull and Mexc This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 19, 2025

Webull

Mexc

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Available Countries

United States

Yes

Europe

Latin America

India

Yes

China

Yes

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Canada

Yes

United Kingdom

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Webull is ideal if:

Best for hands-on, self-directed traders who want a sleek mobile-first experience with powerful charting tools, paper trading, and streamlined technical analysis.
Great for active or intermediate investors who appreciate commission-free access to stocks, ETFs, options, fractional shares, and even crypto on a responsive multi-platform setup.
Suitable for those seeking simple automation, thanks to Webull’s beginner-friendly tools like Smart Advisor (robo-advisory service), recurring investments, and digital portfolio guidance.

Mexc is ideal if:

You’re seeking wide token access and early listings: MEXC regularly lists emerging altcoins—often before other major exchanges—so it’s great if you're hunting for fresh or niche projects.
You value advanced trading tools and fast execution: With spot, futures, margin, copy trading, and leveraged ETFs, plus a high-performance engine, it’s built for active and experienced traders.
You want low-cost, globally accessible trading: It offers zero maker fees and deep liquidity across 170+ countries, making it efficient and budget-friendly worldwide.

Webull isn’t ideal if:

Not great if you prefer mutual funds or bonds, since Webull doesn’t offer access to those traditional investment vehicles.
May overwhelm true beginners, as its platform leans heavily on technical tools and charting that can be complex for newcomers.
Limited customer support could frustrate you, especially if you expect fast, live assistance or chat options during crunch times.

Mexc isn’t ideal if:

You prefer ultra-clear, fast customer support: Some users report delayed responses and unclear communication during risk control or account reviews.
You’re new to crypto platforms: MEXC’s breadth of tools and features may feel overwhelming if you’re a beginner seeking simplicity.
You highly value unrestricted global access: Risk-control flags or restrictions—particularly when accessing via VPN or from certain regions—can unexpectedly limit account usability.

Fees & Total Costs

Spot Maker/Take

Webull applies a built-in price markup (spread) for crypto trades rather than standard maker/taker fees, with no public volume-tier discounts or token-based rebates available on their platform.

Maker fees start at zero and taker fees around 0.05%, with improved discounts (up to 20–50%) when using the native MX token or meeting volume-based holding thresholds—perfect for high-volume traders.

Futures/Derivatives

For futures, Webull charges contract-based fees set by its exchange partners (like CME), and the platform does not publicly disclose maker/taker or funding-rate structures for these instruments.

Futures also offer 0% maker and about 0.02% taker rates, while funding fees are paid peer-to-peer every 8 hours and vary (typically ±0.01–0.03%), impacting your position cost depending on market sentiment.

Average Spreads on Liquid Pairs

Webull embeds typical spreads of around one percent on both buying and selling of major crypto trades, implicitly reflecting the cost rather than stating exact bid–ask spreads per pair.

Although not officially posted, spreads on highly liquid pairs like BTC/USDT and ETH/USDT tend to be very tight—typically just a few basis points—due to the platform’s deep order book and high trading volume.

Fiat Deposits & Withdrawals

Users can deposit or withdraw via ACH, which is free but slower, or via domestic/international wire transfers, which are faster yet incur modest fixed fees set by the clearing firm; timing varies from same-day up to several business days.

You can deposit fiat via bank transfers, credit/debit cards, or third-party providers like Banxa and Simplex; fees and processing times vary by provider, while fiat withdrawals require advanced KYC and proceed via P2P or SEPA methods, usually completing within two business days.

On-chain Withdrawals

Webull currently does not support external crypto wallet transfers for most assets, so network and dynamic on-chain withdrawal fees do not apply for crypto; fiat wires are processed off-chain.

MEXC charges withdrawal fees that vary by cryptocurrency and network—like fixed rates for Bitcoin or Ethereum—and the amount changes based on network congestion and chosen blockchain.

Hidden Costs

Webull does not charge inactivity or maintenance fees. Currency conversion may occur at your bank when funding with a different base currency, and there are no added charges for expedited identity verification services.

While most platform fees are transparent, additional costs can arise from automatic currency conversions, inactivity penalties, expedited KYC services, or optional tools—so it’s wise to review your account settings periodically.

Real-World Cost Example: “€500 BTC

If you purchase €500 worth of Bitcoin, you’ll effectively pay a small percentage markup embedded in the trade price, then any fiat withdrawal back to your bank may incur a wire-transfer charge, while ACH withdrawal of fiat remains free.

Buying €500 worth of BTC involves a taker-style execution fee (a small percentage), a minimal spread due to liquidity, and any later withdrawal cost depends on the chosen crypto network—altogether forming the total outlay beyond just token value.

Crypto Offering & Trading Features

Number of Coins & Pairs

Webull supports trading in approximately 36 cryptocurrencies directly through its platform, offering a well-rounded selection of both major and niche tokens, though the top 20 by trading volume typically include dominant pairs like BTC, ETH, Litecoin, and Dogecoin.

MEXC offers access to nearly 3,000 spot trading pairs and over 1,100 futures pairs, ensuring you can trade a wide variety of digital assets beyond just the most popular ones—while the top 20 by volume typically include major coins like BTC/USDT and ETH/USDT, along with trending altcoins.

Product Range

Webull provides spot trading for cryptocurrencies, recently expanded into futures contracts (e.g. Bitcoin and Ethereum) via its partnership with Coinbase Derivatives, and offers staking and stablecoin rewards through Webull Pay powered by Coinbase’s infrastructure; crypto options, crypto ETFs, margin, copy trading, bots, and auto-DCA are not part of its current crypto menu.

MEXC delivers a full suite of products—spot trading, margin, perpetual futures, crypto ETF-like instruments, staking and earning programs, loan services, copy trading, grid trading bots, and automated DCA setups—to cater to diverse trading and investment needs.

Liquidity

While Webull itself doesn’t publish specific 24-hour volumes or order book depth for its crypto pairs, the Coinbase infrastructure backing Webull Pay provides access to institutional-grade liquidity and tight spreads, implying solid depth for major pairs like BTC and ETH.

With daily futures volume reportedly exceeding $25 billion, MEXC provides substantial liquidity, and its BTC/USDT order book depth within ±5 basis points of mid-price can reach around $82 million, offering notably tighter execution than many competitors.

Tools

Webull offers advanced trading tools including limit and market orders, and robust charting features across mobile and desktop (akin to TradingView-level interactivity), plus customizable alerts; however, advanced order types like OCO (one-cancels-other), public API/WS for crypto, and native TradingView integrations are not currently available.

MEXC equips traders with a full toolkit, including limit, stop, and OCO orders, real-time price alerts, rich charting features, direct TradingView integration, and robust API/websocket support for automated or advanced trading strategies.

Geographic Restrictions by Product

Crypto trading on Webull is seamless in most U.S. states, but there are regional exceptions—for instance, New York residents are limited to trading a narrower set of tokens; futures and expanded crypto offerings are currently available only to U.S. users, with global rollout in progress.

Certain advanced features like futures and derivatives may be restricted in specific jurisdictions due to regional regulations, so availability can vary depending on your location despite global platform reach.

Innovation

While Webull doesn’t currently offer launchpad or launchpool events, it’s innovating in crypto yield products—through Webull Pay, users will soon access staking and USDC-based reward programs (with flexible terms) thanks to its Coinbase partnership, though locked-term options have not been specified.

MEXC drives innovation with launchpad-style token offerings and frequent airdrop events, while offering both flexible and locked earn products that allow users to choose between liquidity or potentially higher yield locked structures.

Security, Regulation & Custody

Operating Entity & Jurisdiction

Webull was founded in 2016 under a Chinese holding, with Webull Financial LLC established in Delaware in 2017, turning into a U.S.-based broker-dealer licensed by the SEC and FINRA by 2018, while Webull Corporation now sits as the Cayman-Islands-registered parent headquartered in Florida.

MEXC was originally registered as MEXC Global Limited in Seychelles in 2020, but the entity was dissolved in December 2024, reflecting a shift in its legal presence and raising questions about its official operational jurisdiction.

Licenses/Registration

Webull operates under top-tier U.S. oversight (SEC, FINRA) with requirements for client fund segregation, though it does not publicly present itself as a VASP under MiCA or equivalent global crypto licensing frameworks at this time.

The platform operates without formal licensing in major financial jurisdictions and does not comply with frameworks like MiCA, FCA, or VASP regimes, leaving it largely unregulated despite being flagged by multiple authorities for its unlicensed status.

Custody

Custody for crypto on Webull is handled through Coinbase’s Crypto-as-a-Service, leveraging institutional-grade security with encrypted systems and offline cold storage; there’s no public disclosure of proof of reserves, audit reports, or a cold-storage percentage.

MEXC holds users’ assets primarily in-house, employs cold-hot wallet separation, supports multi-signature protection, and publishes bi-monthly proof-of-reserves audits demonstrating full backing (often above 100%) for major cryptocurrencies.

Insurance & Protection Funds

Securities and cash in Webull Financial LLC accounts are SIPC-protected up to standard limits, with excess SIPC insurance via Lloyd’s of London or clearing firm Apex, but no specialized insurance for digital asset holdings.

MEXC has an established insurance fund designed to absorb losses from forced liquidations or extreme market events, enhancing overall risk resilience on its trading platform.

Incident History

Webull has not been involved in major crypto-exchange hacks; however, it has faced regulatory scrutiny such as a $3 million FINRA fine in 2023 over customer complaint handling and due diligence lapses, along with multi-state probes and a state-device ban in Tennessee due to concerns over ties to China.

There are no widely reported hacks or major security breaches involving MEXC, and it has not been subject to known regulatory penalties, though ongoing scrutiny due to its unlicensed operations persists.

Risk Controls

Webull enforces industry standard safeguards like 2FA, encryption, and internal controls, with account security layers in place; however, advanced crypto-specific features like whitelists, sub-accounts, anti-phishing tools, or granular API permissions are not prominently available.

The platform offers robust security controls, including SSL encryption, mandatory two-factor authentication, address whitelisting, anti-phishing codes, support for sub-accounts, and fine-grained API permission settings to enhance user protection.

Transparency

Webull does not currently publish monthly custody or audit reports, nor a publicly visible wallet or balance sheet for crypto assets, and service-level agreements (SLAs) for uptime or asset availability aren’t publicly disclosed.

MEXC promotes transparency via regular proof-of-reserves disclosures, external security audits, and public wallet data, though it does not currently provide formal service level agreements or detailed monthly financial reporting.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

Webull supports funding via ACH transfers—free, with up to $50,000 per deposit and settlement in 3–5 business days, allowing around $1,000 of immediate purchasing power; wire transfers (domestic/international) are available with faster settlement (1–2 days for domestic, up to 5 for foreign), no formal deposit limits, and costs handled by the sending bank.

MEXC supports fiat deposits via bank transfers (like SEPA), credit/debit cards, and third-party gateways; limits (e.g., up to €20,000 per transaction and €200,000 per day via SEPA) apply, with processing ranging from near-instant with SEPA Instant to up to 2 business days for standard transfers.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

Webull requires standard identity verification upon account opening (name, bank linkage) and performs additional steps like micro-deposits through Plaid when needed; it does not advertise multiple KYC tiers or specific deposit/withdrawal limits tied to verification levels.

MEXC operates with tiered verification: no KYC allows basic access with a 10 BTC daily withdrawal limit; Primary KYC lifts that to around 80 BTC per day; Advanced KYC further increases it to roughly 200 BTC or about $20,000 in fiat, unlocking full platform privileges.

Withdrawals

Fiat withdrawals are possible via ACH (free, 1–3 business days, daily limit around $50,000) or wire transfers (domestic and international options, time ranging from next-day to several days); there’s no support for crypto-network withdrawals (e.g., ERC-20, TRC-20) from crypto holdings as Webull currently handles those internally.

On-chain withdrawals are enabled across multiple networks (like ERC-20, TRC-20, BEP-20), with network-dependent limits (up to ~200 BTC/day for verified users), and typical processing times depending on blockchain congestion.

Customer Support

Webull offers support primarily via email and an extensive online Help Center with FAQs and guides; there’s no indication of a 24/7 live chat, and response times vary; documentation is comprehensive, though interactive support may be limited.

MEXC offers around-the-clock customer support via live chat and email, complemented by a comprehensive help center and documentation for self-service needs, though official average response times aren’t publicly stated.

Languages & Localization

The platform tailors its services based on region—US users operate in USD, while European users access deposits and pricing in euros (via Webull Europe), with localized interfaces and regulatory compliance. However, Spanish-language localization isn’t broadly featured unless offered locally by a regional branch.

The platform’s interface is available in English and other languages, with fees displayed in EUR and USD depending on region; however, it does not emphasize localized regulatory disclosures per jurisdiction.

App Quality & Stability

Webull is generally considered stable and has effectively weathered market surges and volatility since its 2016 launch, but users occasionally report UI crashes or performance hiccups, especially on mobile; regular updates and troubleshooting tips are available in its help guides.

MEXC’s mobile app is widely regarded as fast and intuitive, offering demo trading and smooth performance; while official crash rate metrics or update logs aren’t published, regular updates and a stable experience are implied by user reviews.

Experience, Performance & Ecosystem

UX/UI

Webull strikes a solid balance between sophistication and ease of use, featuring a streamlined interface for the everyday user while offering a “Pro-like” feel through customizable dashboards, advanced charting, and intuitive navigation—though there’s no true “Lite” vs “Pro” mode toggle.

MEXC’s interface offers customizable layouts—like standard, horizontal, or vertical arrangement of charts and order panels—allowing users to tailor the view to their preferences, though it doesn’t offer distinct “Lite” or “Pro” modes; this flexibility helps both novices and pro traders adapt the dashboard to their learning curve.

Performance

The platform generally delivers low-latency trade execution and holds up firmly during high-volatility periods; while user surges can cause interface lag, widespread “crashes” are rare and downtime is minimal even in bull markets.

The platform generally delivers fast order execution thanks to its high-performance engine, but during extreme volatility it has previously experienced system slowdowns affecting spot trades; there’s little public reporting on KYC queues during bull runs, though swift identity processing is generally emphasized.

Education

Webull provides a rich educational ecosystem, including a structured learning section with tutorials, community-led lessons, in-app webinars, and a robust paper-trading simulator—though Spanish-language modules are limited outside select regions.

MEXC hosts an extensive Learning Hub with guides on trading strategies, futures, grid bots, and copy trading—though it lacks dedicated demo accounts or simulators, and while content spans multiple languages, Spanish-language materials are still limited in depth.

Community

Webull fosters a lively investing community through in-app discussion boards where users share strategies, ask questions, and learn from each other; there’s engagement via feeds and idea-sharing, but no formal presence on Discord or Telegram for official support.

While MEXC promotes engagement through active Telegram and Discord channels and offers referral incentives, its own web platform doesn’t include built-in forums, encouraging users to connect via those external community hubs.

Integrations

The platform now offers deep integration with TradingView—allowing you to trade directly from its rich charting interface—although integrations with external tax tools, accounting software, or third-party bots remain limited.

The platform provides native TradingView chart integration and API/websocket support for automating strategies or connection with bots, but it does not natively integrate with tax reporting or accounting tools—i.e., users rely on external services for portfolio tracking.

Who Each One Is Best For

Webull is ideal for self-directed and intermediate investors who value powerful visuals, flexible tools, and a vibrant peer community—less suited for those wanting lightweight simplicity, multi-platform integrations, or extensive multilingual support.

MEXC is ideal for seasoned traders who value interface customization, deep liquidity, and strategy flexibility; newcomers who prioritize guided learning or simulator tools may find the learning curve steeper and tools more limited.