Why MEXC is a good exchange for UBX. A reminder that UBX-USDT pair was listed on MEXC recently. Link to purchase more:.
04 Sep 2023, 07:41
Why MEXC is a good exchange for UBX?
A reminder that UBX-USDT pair was listed on MEXC recently! Link to purchase more:
We have prepared a comparison between MEXC and Kucoin to explain this. In our numbers we use stats from CMC and Coingecko in parentheses (dates mid-August 2023)
📌Volume of trading: 402 (410) mln USD for Kucoin, 466 (479) mln USD for MEXC
📌Attendance: 1,49 (7,19) mln for Kucoin, 1,33 (9,26) mln for MEXC
📌Reserves: 2.53 (2,2) bln USD for Kucoin, 1.26 (0,62) bln USD for MEXC
📌Score: 7.4 (10) for Kucoin, 6.1 (8) for MEXC
So we can conclude that despite the slightly higher placing of Kucoin, there is no significant advantage over MEXC ✅
User Functions
🔹Trading Commission (basic, spot)
0.1% for Kucoin/ 0% for MEXC
🔹Withdrawal fee (for example ETH) 0.005 and 0.0015 respectively
🔹Both exchanges have full trading functionality: besides spot trading, which includes margin trading and derivatives. Both exchanges allow the use of fiat (including P2P). Kucoin has a little bit more functionality, however MEXC develops the direction of ETF and copy trading
📍Overall: Kucoin offers more functionality on the stock exchange, but trading on MEXC is more economical, while the basic functionality is represented and the rest are developing.
What is also necessary to remember is that Kucoin is tightening their KYC procedure, increasing the number process of tokens delisting, which on the one hand strengthens conservatism, but on the other hand reduces the possibility of earning on a greater variety of new projects - which is possible at MEXC. You can also note the above loyalty of MEXC in the absence of mandatory KYC.😏