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

Trying to choose between Mexc and Ascendex 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 16, 2025

Mexc

Ascendex

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Available Countries

United States

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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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.

Ascendex is ideal if:

Versatile trader tools – Offers both beginner-friendly and pro-grade interfaces for spot, margin, futures, staking, copy trading, and yield farming.
Passive-earning focus – Multiple earning paths available (staking, DeFi yield, OTC, Invest programs), ideal if you want crypto to work for you passively.
Robust performance engine – High-throughput tech, advanced analytics, and mobile support make it ideal for active or institutional traders needing speed and reliability.

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.

Ascendex isn’t ideal if:

Regulatory uncertainty – Lacks formal licensing in many regions, meaning oversight and user protections may be limited.
Customer service concerns – Some users report slow or unhelpful support, particularly for withdrawals or issue resolution.
Past security breach – A significant hack occurred, which may worry users who prioritize platforms with a flawless security record.

Fees & Total Costs

Spot Maker/Take

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.

Spot trading fees follow a tiered VIP structure based on your 30-day trade volume and holdings of the native ASD token; larger volume or ASD holdings unlock lower maker and taker rates, especially for major market-cap pairs.

Futures/Derivatives

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.

Futures (perpetual) trading uses its own VIP-based fee tiers—maker fees can be as low as around 0.02%, takers around 0.05%—and funding payments occur every eight hours to align perpetual contract prices with spot.

Average Spreads on Liquid Pairs

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.

Liquid pairs like BTC/USDT and ETH/USDT exhibit tight spreads thanks to deep order books and efficient matching, making execution cost minimal beyond standard fees.

Fiat Deposits & Withdrawals

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.

You can fund via credit/debit card or bank transfers through third-party processors; while deposits are quick, they may include a dynamic processing fee; withdrawal options and speeds depend on your local banking rails and chosen method.

On-chain Withdrawals

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.

BTC, ETH, TRX, etc.)

Hidden Costs

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.

Implicit costs may arise from conversion markups when buying crypto with fiat, inactivity penalties, or optional fast-track identity verification services, so even if explicit fees are low, these can add to your total cost.

Real-World Cost Example: “€500 BTC

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.

When you convert €500 into BTC, costs include the processing spread from fiat to crypto, the trading fee on your spot purchase, and any withdrawal network fee—so the net BTC received will be noticeably less than the €500 equivalent due to layered transaction components.

Crypto Offering & Trading Features

Number of Coins & Pairs

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.

AscendEX supports over 200 to 300 cryptocurrencies across more than 200 trading pairs, with the most liquid top 20 pairs typically dominated by BTC, ETH, USDT, and popular large-cap and DeFi tokens if ranked by volume.

Product Range

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.

The platform offers spot, margin, and perpetual futures, flexible staking and yield programs, copy-trading for futures, and supports automated strategies such as grid bots and DCA through its API and third-party tools—though options and crypto ETFs are not part of the current offering.

Liquidity

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.

With a reported 24-hour trading volume ranging from hundreds of millions to a couple of billion dollars, BTC/USDT and ETH/USDT markets offer strong depth and tight order books, enabling efficient execution even for substantial orders.

Tools

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.

AscendEX features a full suite of order types (limit, market, stop, OCO), advanced charting with customizable indicators, real-time alerts, and robust API/WebSocket access—although it relies on its proprietary charting tools rather than native TradingView integration.

Geographic Restrictions by Product

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.

Certain regions face limitations such as no access to futures or derivatives features—specifically, users in jurisdictions like the United States and China are restricted from using these products due to compliance considerations.

Innovation

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.

AscendEX delivers early access to new token projects via its launchpool platform, and its Earn suite includes both flexible staking options—as well as programs with lock-up periods—giving users choice in how they deploy assets to generate yield.

Security, Regulation & Custody

Operating Entity & Jurisdiction

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.

AscendEX operates under AscendEX Technology S.R.L., legally established in Romania, while the broader group includes BMXDM Technology Pte. Ltd. founded in 2018, with headquarters primarily in Singapore.

Licenses/Registration

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.

The platform adheres to AML/CTF regulations where required, but does not currently hold formal regulatory licenses such as VASP in most jurisdictions nor EU MiCA authorization.

Custody

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.

Users’ crypto assets are stored primarily in cold, offline wallets managed directly by AscendEX, supported by a defense-in-depth security model; there’s no publicly disclosed proof-of-reserves audit or specific percentage of assets held in cold storage.

Insurance & Protection Funds

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.

AscendEX maintains an internal insurance fund drawn from its own balance sheet to cover potential losses in the event of security incidents.

Incident History

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.

In December 2021, AscendEX suffered a hot-wallet exploit across several blockchains, but fully reimbursed all impacted users and rebuilt its infrastructure with stronger safeguards.

Risk Controls

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.

The platform supports two-factor authentication, device monitoring, anti-phishing alerts, and offers API access with control options and sub-account structuring to help manage risk.

Transparency

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.

While offering real-time monitoring and reporting tools, AscendEX does not publish monthly reserve statements, public wallet addresses, or formal service-level agreements.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

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.

AscendEX supports depositing fiat through third-party providers such as Simplex, MoonPay, Mercuryo, and Banxa via card or bank transfer, offering fast funding for multiple regions, with specific minimums and maximums varying per provider and region.

Supported Fiat Currencies & Conversion

KYC (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.

AscendEX requires identity verification for full platform access; unverified accounts face strict withdrawal caps (such as 0.75 BTC daily), while verified users enjoy much higher limits, with further tiered levels unlocking even greater flexibility.

Withdrawals

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.

Withdrawal limits depend on KYC status—unverified accounts are capped at around 0.75 BTC per day, verified users far higher—and users can withdraw via multiple networks (ERC-20, TRC-20, BEP-20, etc.), with processing speed tied to blockchain congestion.

Customer Support

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.

AscendEX offers round-the-clock support via live chat and email, with a comprehensive help center available for self-service; response times generally fall within reasonable hours though may vary based on query complexity.

Languages & Localization

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.

The interface supports multiple languages including English, and displays prices in common currencies like EUR and USD; it also tailors functionality—and availability—to comply with regional regulations.

App Quality & Stability

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.

The AscendEX mobile and desktop apps deliver a polished and responsive experience, receiving regular updates to bolster stability and features, with no widespread reports of performance or crash issues among users.

Experience, Performance & Ecosystem

UX/UI

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.

The platform provides both a streamlined “Lite” interface optimized for newcomers and a feature-rich “Pro” mode tailored for experienced traders, offering intuitive navigation while allowing users to progress as their skills evolve.

Performance

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.

Order execution is generally fast and stable, though sharp market spikes can occasionally lead to slight delays; during bull runs, KYC processing times may lengthen, though the platform scales verification capacity to mitigate backlogs.

Education

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.

AscendEX hosts an educational hub with articles, investment lessons, and futures tutorials, but it does not currently offer demo trading accounts or Spanish-specific learning modules.

Community

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.

Users can connect via numerous official Telegram channels across multiple languages and leverage an active referral program that rewards users for inviting others to the platform.

Integrations

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.

The exchange offers native TradingView charts and robust API access, enabling integration with third-party bots and tax/accounting tools like CryptoTaxCalculator for portfolio tracking and reporting.

Who Each One Is Best For

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.

Beginners benefit from the Lite mode and educational resources, active/pro traders gain from the advanced order tools and integrations, and those focused on passive strategies can leverage the automated tools and referral rewards.