MEXC vs Coinbase | Why You Should Signup To Both Today

While MEXC  offers a smaller range of products compared to giants like Binance, it does have some notable strenghts that make it standout.

A key offering of MEXC is its spot trading platform where users can buy and sell an impressive selection of over 1,700 cryptocurrencies.

This range not only includes popular large-cap coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) but also a wide array of altcoins that are hard to find on other exchanges.

For traders interested in exploring less mainstream or emerging cryptocurrencies, MEXC is continuously expanding its offerings by adding new altcoins every week.

In addition to spot trading, MEXC stands out in the futures market where the platform offers perpetual trading options across over 300 markets.

Traders have the choice of using USDT (USDT-M) or a variety of cryptocurrencies (COIN-M) as the underlying collateral.

One of the most striking features of MEXC's futures trading is the possibility of using up to 200X leverage, which is significantly higher than what most other exchanges offer.

For traders who want to leverage the expertise of successful traders on the platform, MEXC offers copy trading where users can mirror the trading strategies of proven traders.

Recognizing the complexity of futures trading for beginners, MEXC includes a demo trading option. This feature is excellent for beginners who want to practice with virtual money without any risk.

MEXC's trading volumes demonstrate the platform's popularity among traders with over $1 billion in spot trading and more than $3 billion in futures trading over a 24-hour period.

For those looking to earn interest on their digital assets, MEXC offers a savings section with both locked and flexible savings products for coins like BTC, USDT and many others.

A recent addition to MEXC's services is its launchpad, designed for MX token holders that allows for early access to new token launches, adding an exclusive aspect to token trading on the platform.

While MEXC has been actively expanding its product range as of late, the platform's primary strengths are still its extensive selection of altcoins and the high-leverage futures trading.

Another advantage of MEXC is that users can access these services without undergoing complex KYC (Know Your Customer) procedures, which is not possible on exchanges like Coinbase.

On the other hand, Coinbase stands out as one of the most prominent cryptocurrency exchanges in the world.

The exchange focuses its services to cater to both beginners in the crypto market and large-scale institutional clients.

While its compliance with stringent U.S. regulations restricts Coinbase from offering high-leverage, high-risk products like MEXC, this limitation makes the platform more accessible for novice users.

The platform is designed with two distinct interfaces, the standard Coinbase interface which is straightforward and beginner-friendly, and the Advanced version which offers more sophisticated features.

This dual-interface approach ensures that both new and experienced users find tools and functions that match their expertise and trading needs.

Coinbase supports the trading of over 240 different types available for trading. Users can engage in simple buy-and-sell transactions, which are ideal for beginners, or opt for more advanced spot trading in the Advanced section.

For those looking to invest consistently over time, Coinbase's recurring buy feature allows for automatic Dollar Cost Averaging.

In a move to broaden its financial products, Coinbase recently added BTC and ETH futures along with perpetual contracts for BTC, ETH, LTC, SOL, XRP, and AVAX, with leverage up to 5X.

Although Coinbase is a leading exchange in terms of spot trading volumes, it plays a smaller role in the futures market.

An attractive feature for income-seeking users is Coinbase's offer of a 5% interest rate on USDC holdings. This can be accessed by simply holding USDC in your Coinbase account.

The platform also encourages learning through its innovative learn-and-earn program where users can gain insights into crypto projects and earn tokens.

For those that want to buy and sell NFTs, Coinbase allows for the creation, discovery, purchase, and sale of NFTs on various blockchains including Ethereum, Base, and Polygon.

For practical use of cryptocurrency in everyday life, Coinbase introduced a Visa Card that allows users to spend their crypto holdings or cash (USD) and earn rewards from regular purchases.

The non-custodial Coinbase Wallet caters to users who prefer a more private approach to managing their cryptocurrency.

This wallet supports a wide range of coins and tokens and provides seamless access to DeFI apps across blockchains such as Bitcoin, Ethereum, Solana, and more.

Coinbase's recent launch of the Coinbase One Membership for the price of $29.99 per month lets make zero-fee trades, enhanced staking rewards, and priority customer support.

As a publicly listed company in the U.S., Coinbase is subject to rigorous regulations and standards of accountability, ensuring a high level of security for its users.

This aspect of safety and reliability attracts major institutions like BlackRock and Grayscale, who uses Coinbase for trading and custody of over 240 crypto assets and 500 trading pairs.

Furthermore, with Coinbase Prime, affluent individuals and institutional clients gain access to sophisticated trading tools, financing solutions, secure cold storage, staking services, and much more.