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

Trying to choose between Mexc and Pdax 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

Pdax

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Available Countries

United States

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

United Kingdom

Yes

United States

Europe

Latin America

India

China

Canada

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.

Pdax is ideal if:

Locally integrated experience Enables seamless PHP deposits and withdrawals through banks and e-wallets, making it highly convenient for users in the Philippines.
Regulated and secure Operates under the supervision of the Bangko Sentral ng Pilipinas, with features like two-factor authentication and cold storage to protect your assets.
User-friendly and inclusive Offers an intuitive interface, low minimum deposits, and access to crypto, bonds, and collectibles—perfect for both beginners and everyday investors.

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.

Pdax isn’t ideal if:

Not ideal for advanced traders Lacks access to derivatives, margin trading, staking, or passive income tools—so seasoned traders may find its offerings too limited.
Highly localized to the Philippines Designed for Filipino residents with PHP-only support and local IDs, making it inconvenient for international users.
Potential technical hiccups Historical reports of service outages during peak activity suggest possible reliability concerns for time-sensitive trades.

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.

Maker orders cost around 0.4 % while taker orders are about 0.5 %, and there are no volume-based discount tiers or native-token rebates.

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.

PDAX currently does not offer derivatives or futures trading, so maker/taker fees and funding rates are not applicable.

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.

Specific spread data isn’t publicly listed, though local liquidity suggests competitive spreads similar to other regional spot-only platforms.

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.

Fiat transactions are available via bank transfers, e-wallets, and over-the-counter options; PDAX itself charges little to no platform fee, though third-party processing fees may apply, and settlements typically complete within hours to a day.

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.

Withdrawal fees vary by cryptocurrency and blockchain—for example, BTC withdrawals cost around 0.0004 BTC, while other tokens each have set blockchain-based fee rates adjusted dynamically by network conditions.

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.

There are no known inactivity or express KYC fees, but users should account for potential currency conversion charges and third-party processing fees that may not be explicitly itemized.

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.

If you were to convert €500 (equivalent to PHP), you’d incur roughly a 0.5 % trading fee plus any spread embedded in the quote, and then pay a blockchain withdrawal fee—like 0.0004 BTC—if you choose to withdraw, though exact totals depend on the real-time exchange rate and network conditions.

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.

PDAX offers over 64 cryptocurrencies overall, including the top 20 by volume—major names like BTC, ETH, USDT, USDC, BNB, SOL and ADA—paired primarily with PHP for easy access.

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 focuses on spot trading and also provides tokenized government bonds, collectibles, and access via an OTC desk for Prime users, but does not support margin, perps, options, ETFs, staking, lending, copy trading, grid bots, or automated DCA.

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.

While exact 24-hour volumes and order-book depth data aren’t public, PDAX is known to maintain solid local liquidity, especially for major pairs like BTC/PHP and ETH/PHP, backed by visible order-book depth in Pro mode.

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.

PDAX supports basic tools such as limit, market, and stop-limit orders, Pro mode with order book and depth chart, advanced TradingView charts (with indicators like RSI and MACD), and offers API/WebSocket access for developers.

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.

All trading services, including spot markets, are strictly limited to the Philippines—there is no availability for residents elsewhere, and derivative products are not offered in any region.

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.

PDAX includes features like an OTC Prime trading desk for institutional-level access, tokenized “Hold & Earn” bonds, and collectible offerings, but does not currently feature launchpads, launchpools, or flexible vs locked earn programs.

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.

Operated by Philippine Digital Asset Exchange, Inc., founded in 2017 and headquartered in Taguig (Greater Metro Manila), the platform is incorporated under Philippine law.

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.

PDAX is licensed by and fully compliant with the Bangko Sentral ng Pilipinas as a virtual currency exchange, operating under BSP Circular guidelines.

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.

PDAX uses custodial wallets (holding private keys for users), and while there’s no public proof-of-reserves or audit reports, they emphasize internal security protocols for asset protection.

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.

Digital assets on PDAX are not insured under any deposit protection scheme, as crypto holdings are not classified as insured deposits by Philippine regulators.

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.

There are no publicly known major hacks, platform-wide freezes, or regulatory penalties affecting PDAX.

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 strong security features such as two-factor authentication, anti-phishing measures, and a dedicated risk and compliance team to enforce AML and safeguard operations.

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.

PDAX does not currently publish monthly proof-of-reserve reports or maintain publicly visible wallets, though they do communicate via their Help Center and Learning Hub on security topics.

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.

Deposits in PHP are available via bank transfers, e-wallets, online channels, and OTC partners; minimums and fees vary by channel, and processing times range from near-instant to a few hours or up to a day depending on method.

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.

PDAX offers four account tiers—Basic, Verified, Premium, and Prime—with escalating daily, monthly, and annual transaction limits tied to each level.

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.

Crypto withdrawals are subject to tiered daily limits based on your account level, typically processed within minutes but occasionally taking up to an hour; networks such as ERC-20, TRC-20, and others are supported with fees assigned per token.

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.

Support is available by email and support tickets with variable response times; there is no live 24/7 chat, but users can access a knowledge base for self-help.

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 platform is fully localized for the Philippines, with a native English/PHP interface, showing fees only in PHP and tailored to compliant local regulation.

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 PDAX mobile app is generally stable and user-friendly, with regular updates visible in app stores and few reports of crashes among regular 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.

PDAX offers a gentle learning curve with its toggleable Lite (Convert) mode for beginners and Pro mode showcasing order books and depth charts, enabling users to seamlessly transition from simplified to more advanced tools

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.

Users generally enjoy responsive order execution under normal market conditions, though occasional reports hint at brief downtime or slower processing during sharp volatility spikes—typical of regional exchanges with growing demand

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.

The platform includes a rich “PDAX Learn” section featuring crypto basics, market insights, and educational content; however, there’s no dedicated demo or simulated trading environment, and Spanish-language content is currently absent

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.

PDAX maintains official presence on Discord, Telegram, and Facebook, and runs engaging referral and reward programs—like PDAX Quests and influencer promos—to encourage peer participation and user-driven growth

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 platform comes equipped with TradingView-powered charts but currently lacks direct integrations for external trading bots, tax tools, or accounting services, limiting advanced automation and financial tracking options

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.

PDAX is ideal for everyday Filipino users and crypto newcomers seeking a familiar, regulated, PHP-based experience; seasoned traders seeking derivative trading or deep automation may find its ecosystem less aligned with their advanced strategies.