Exchange Comparison · Updated 2026-07-30
BitMart vs MEXC: Exchange Comparison
The verdict up front: if you used BitMart for small-caps and you don't live in the US, UK, or Canada, MEXC is the closest replacement that exists — more listings than BitMart had, cheaper spot trading than almost anyone, and the same appetite for listing tokens the big exchanges won't. The caveats are real, though, and they're the kind you should read before wiring your net worth over, not after.
The Short Version
~1,676 spot coins — the widest catalog left standing · 0% maker / 0.05% taker · KYC optional but ~1,000 USDT/day without it · blocked in the US, UK and Canada · unlicensed everywhere · documented 2025 account freezes, funds later returned.
Open MEXC Account → Affiliate link — disclosure
Status and Access
| BitMart | MEXC | |
|---|---|---|
| Status | Shutting down — trading ends 26 Aug 2026 | Operating |
| Spot coins (CoinGecko) | ~1,078 at shutdown (1,700+ claimed) | 1,676 |
| Spot fees, maker / taker | n/a — sell-side only until the halt | 0% / 0.05% |
| KYC | Required for wind-down withdrawals in many cases | Optional, but ~1,000 USDT/day cap without it |
| United States | Withdrawals only | Blocked |
| United Kingdom | Withdrawals only | Blocked |
| EU / EEA | Withdrawals only | Unclear No MiCA license — post-July 2026 EU status unresolved |
| Canada | Withdrawals only | Blocked |
| USDT withdrawal (TRC-20) | per current fee page | ~1 USDT |
| Main trade-off | It's closing. | Unlicensed everywhere it operates; documented account freezes on profitable traders in 2025 (funds later returned) |
Base-tier figures, no token discounts. Verified 2026-07-30 against official pages, CoinGecko, and regulator registers — "—" means we couldn't confirm a number and won't guess.
Where MEXC Genuinely Replaces BitMart
The catalog. CoinGecko tracked ~1,676 spot coins on MEXC against ~1,078 on BitMart at the end — it's one of two exchanges (Gate being the other) where most of a BitMart small-cap portfolio can actually land. MEXC also lists new tokens fast, which matters if your strategy was catching listings early. And the fee schedule is simply better than BitMart's ever was: 0% maker / 0.05% taker base, with regular zero-fee promotions on top. For a pure small-cap spot trader, the day-to-day experience is BitMart with lower costs and deeper books.
Fees, Line by Line
| What It Costs | BitMart (Pre-Shutdown) | MEXC |
|---|---|---|
| Spot Maker Fee | 0.10–0.25% (tier-dependent) | 0% — yes, zero |
| Spot Taker Fee | 0.10–0.25% (tier-dependent) | 0.05% (+ regular 0-fee promos) |
| USDT Withdrawal, TRC-20 | per fee page | ~1 USDT |
| USDT Withdrawal, ERC-20 | per fee page | variable (gas-based) |
| No-KYC Withdrawal Cap | n/a — KYC checks during wind-down | ~1,000 USDT / day |
| With Primary KYC | — | ~80 BTC / day |
Base tiers, verified 2026-07-30. BitMart's published rates varied by tier and pair class (third-party reviews cite 0.10–0.25%); either way, a round-trip trade on MEXC costs a fraction of the same trade on BitMart at base rates.
Where It Doesn't
Three things. First, geography: MEXC explicitly prohibits the US, UK, and Canada, and holds no MiCA license, which leaves its post-July-2026 EU standing murky. BitMart served Americans; MEXC will not — US users should read the US guide instead of a VPN forum. Second, KYC economics changed: an unverified MEXC account is now capped around 1,000 USDT/day in withdrawals, so plan on verifying. Third — the one to take seriously — MEXC froze accounts of profitable traders through 2025, most famously $3.1M belonging to one trader, returned months later after a public campaign. Funds came back; the months didn't. If your style is the kind that wins conspicuously, size your MEXC balance with that history in mind.
What Users Actually Say About MEXC
We read through user discussions and press coverage so you get both sides, not a brochure. Links go to the sources — read the full threads before deciding.
The Case For, in Users' Words
"The only viable path that I see is to get on as many tier 2 exchanges as possible. [...] Its basically just coinex and mexc. The rest is either scammy or extremely unknown."
r/pepecoin · May 2025 · source
"If you bought KAS prior to the MEXC listing it was a 150x."
r/kaspa · Mar 2025 · source
"CEX listings always bring new eyes. [...] I caught Jingle early before its MEXC listing and it still hasn't dipped bad."
r/memecoins · May 2025 · source
The Case Against, in Users' Words
"Hopefully MexC is next. Dudes stole $10k from me a few years ago. Can't do shit since they're not located in the U.S."
r/CryptoCurrency · Jul 2026, in a BitMart-shutdown thread · source
"MEXC is not a trustable exchange at all. There are hundreds of people online complaining they got money frozen or even stolen. [...]"
r/CryptoScams · May 2025 · source
"MEXC WAS INDEED manipulating the price of KAS and profiteering from it during the times when they were essentially the only large exchange trading KAS in volume."
r/kaspa · Mar 2025 · source
Verbatim quotes, fetched 2026-07-30; links go to the original threads. The positive quotes predate the shutdown wave — post-announcement sentiment about every offshore exchange skews harsher.
The Freeze Story, Documented
In July 2025 MEXC froze $3.1M belonging to trader "White Whale"; after a months-long public campaign the funds were returned and MEXC's CSO apologized publicly. Coverage: CCN · Blockhead. In December 2025 it faced fresh scrutiny over pre-market listings — The Crypto Times.
Why People Stay Anyway
The same period's reviews consistently credit MEXC with the widest small-cap catalog of any major exchange and the lowest spot fees in the industry — 0% maker is not a promo, it's the base schedule (official fee docs). For listings speed, it's routinely first or second to list new tokens among CEXes — the exact niche BitMart occupied.
Migrating from BitMart to MEXC
- Export your BitMart history first — non-negotiable, tax season doesn't care whose fault the shutdown is.
- Register on MEXC and complete Primary KYC now; verification queues are growing with every exchange refugee wave.
- Cross-check your token list — MEXC's markets page or CoinGecko tells you which of your bags it lists. For the ones it doesn't, see the delisted-tokens playbook.
- For USDT, withdraw over TRC-20 (about 1 USDT fee) unless your destination requires otherwise; match networks on both ends.
- Test send, verify, then move the rest — the withdraw guide covers the details.
Quick Answers
Is MEXC Safe?
It's unlicensed and offshore, like BitMart was — that's the honest baseline. No major exchange-level hack on its record, but the 2025 account-freeze episodes are documented. Keep trading capital there; keep long-term holdings in self-custody.
Does MEXC Work in the US or UK?
No — both are on its prohibited list, alongside Canada. That's the single biggest difference from BitMart, which served both.
Is Gate a Better Choice?
For EU residents, probably — Gate has a MiCA license and nearly the same catalog, at higher fees. Outside the EU it's mostly a fees vs. licensing trade.
Check MEXC availability → Affiliate link — disclosure