Comparison of Mexc vs Coindcx [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Mexc vs Coindcx comparison!

Your expert: Alejandro Borja

Mexc

Your expert: Xavier Tarrasó

Coindcx

Main points

Fees

≈ 0,20%

Earns

Customer service

4/5

≤0,10%

Fees

Yes

Earns

4/5

Customer service

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

4.0 – Competitive fees with additional benefits for high-volume trading.

4.1 – Low fees with additional discounts for high-volume traders.

Level

≈ 0,20%

≤0,10%

Brief explanation

MEXC Exchange offers competitive trading and transaction fees that cater well to both high-volume traders and occasional users. The platform employs a tiered fee structure, where fees decrease as a user’s trading volume increases, providing an incentive for frequent trading. Additionally, holding the exchange’s native token can yield further discounts, making the fees more advantageous. For those using credit or debit cards for deposits or withdrawals, it’s important to note that while convenient, these methods may incur higher fees compared to other payment options. This structure is designed to be economical for active traders while still accommodating casual users.

Coindcx employs a competitive and transparent fee structure which includes trading fees that are among the lowest in the Indian market. This makes it an attractive option for both high-volume traders and beginners. The platform charges a maker-taker fee model, which encourages liquidity on the exchange while ensuring traders can execute trades at or near their desired prices without substantial cost. Additionally, Coindcx offers tiered pricing, reducing trading fees for users as their trading volume increases, making it financially feasible for users to scale up their trading activities efficiently.

Mexc

Security Methods: MEXC employs robust security protocols, including a multi-tier and multi-cluster system architecture that ensures the safety and integrity of user data and funds. This comprehensive security strategy helps to protect against potential cyber threats and unauthorized access.
Reputation and Reviews: MEXC enjoys a strong reputation in the cryptocurrency community, backed by positive user reviews that often highlight the platform’s reliability, user-friendly interface, and responsive support.
Trading Volume and Liquidity The exchange boasts high trading volumes and liquidity, which is a testament to its active user base and efficient market operations. This ensures that users can execute trades quickly and at desired prices, even for large volume transactions.
Year Founded: Since its establishment in 2018, MEXC has shown significant growth and resilience in the fast-evolving crypto market, indicating stability and a deep understanding of market needs.
Possible Regulation: MEXC complies with various international regulatory standards, enhancing its credibility and reliability as a secure platform for trading digital assets. This regulatory adherence assures users of its commitment to lawful and ethical operations.

Read mexc review

Coindcx

Regulatory Compliance: Coindcx operates with full legal compliance under India’s stringent financial regulations, providing users with a secure trading environment.
Customer Service: The exchange offers robust customer support with a comprehensive FAQ section, 24/7 customer service via chat and email, and quick response times, ensuring that user queries are promptly addressed.
Security Measures: The platform utilizes advanced security protocols, including two-factor authentication (2FA) and encrypted data storage, ensuring that user funds and information are protected against unauthorized access.
Trading Volume and Liquidity: Coindcx boasts significant trading volume and liquidity, which facilitates efficient trading with minimal slippage, making it an ideal platform for both novice and experienced traders.
Reputation and Reviews: Coindcx has a strong reputation in the cryptocurrency community, recognized for its reliable service and customer satisfaction, as evidenced by numerous positive reviews and testimonials.

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Product selection

Native token

Token MX

Earns

Yes

NFT marketplace

Yes

Cripto/debit card

Yes

Full name

MEXC Exchange

Primestack Pte. Ltd.

Regulation

Not regulated

Year founded

2018

Founder

John Chen Ju

Sumit Gupta and Neeraj Khandelwal

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Mexc	FEATURES	Coindcx
MEXC allows for relatively low minimum trade amounts, making it accessible for beginners and those trading small amounts.	Minimum Trade	Coindcx allows trading with small amounts, making it accessible for beginners.
Competitive trading fees with discounts available for high-volume traders and token holders, making it economically viable.	Trading and Transaction Fees	Coindcx offers competitive fees, which are lower than many other exchanges.
Supports over 1,000 cryptocurrencies, offering one of the widest selections in the market.	Number of Cryptocurrencies	Offers over 200 cryptocurrencies, providing a wide range for trading.
Offers a vast array of crypto-to-crypto trading pairs, facilitating diverse trading strategies.	Crypto-to-Crypto Trading Pairs	A vast selection of trading pairs is available, enhancing trading flexibility.
While MEXC provides ample information on trading operations, more detailed disclosures could enhance trust.	Website Transparency	The website provides clear information on fees, policies, and trading options.
Lacking an exchange card means MEXC users miss out on potential everyday use benefits, such as cashback in crypto on purchases or other rewards that are commonly offered by some other crypto exchanges with proprietary cards.	Credit/Debit Card	None of the reviewed exchanges provide an exchange card for in-store purchases and benefits.
Provides secure storage solutions, but enhanced features for asset management could improve user experience.	Storage Offering	Provides secure storage options with advanced security measures.
Offers competitive staking options and rewards, appealing to long-term holders and active traders.	Staking and Rewards	Offers staking options on certain cryptocurrencies with competitive rewards.
The mobile and desktop platforms are highly user-friendly, offering full trading functionality and good design.	Mobile App and Desktop	Both platforms are user-friendly and well-designed, suitable for traders on-the-go.
Customer support is available but improvements are necessary in response time and effectiveness.	Customer Service	Responsive and helpful customer support with multiple channels like chat and email.
Deposits and withdrawals are handled efficiently, though clarity on timeframes and fees would enhance service.	Deposit and Withdraw	Offers multiple methods for deposit and withdrawal, including bank transfer and UPI.

Key features

Analysis tools

Advanced charting tools, technical analysis

Basic charting tools

Mobile APP

Yes

Security

High 4,9/5

High 4,5/5

Additional features

Margin trading, futures trading, staking, MEXC Launchpad

Margin trading, staking, CoinDCX Earn, CoinDCX Academy

Anonymity

Yes

Key points

Available cryptocurrencies

1000+

200+

User-friendliness

MEXC provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

CoinDCX provides a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Delivers good value for money with competitive fees and a wide range of supported cryptocurrencies, making it an affordable option for traders.

Delivers good value for money with low trading fees and a wide range of supported cryptocurrencies, making it a cost-effective choice for Indian users.

Countries of operation

Singapore, United States, Canada, Australia, United Kingdom

India, United States, United Kingdom, Canada, Australia

Best for

Best for traders seeking a platform with a wide range of cryptocurrencies and competitive fees.

Best for Indian traders looking for a cost-effective platform with a wide range of cryptocurrencies and competitive fees.

Base currencies available

USDT, BTC

INR, USDT

Account

Trading

MEXC offers a wide range of cryptocurrencies and advanced trading tools. It has competitive fees and high liquidity, making it suitable for experienced traders.

CoinDCX is an Indian exchange with a wide range of cryptocurrencies and easy fiat integration. It offers competitive fees and advanced trading features, making it suitable for both beginners and experienced traders.

Deposit and withdrawal

MEXC offers multiple deposit and withdrawal methods, including bank transfers and crypto. Withdrawals are processed quickly, usually within a day, with low fees.

CoinDCX offers easy fiat and cryptocurrency deposit methods. Withdrawals are processed quickly, typically within a day. Fees are competitive, making it a good choice for Indian users.

Account opening process

MEXC provides a straightforward and user-friendly account opening process. Users need to submit personal details and verify their identity. The process is efficient and usually takes less than a day to complete.

CoinDCX provides an easy account registration process. Users need to submit personal details, verify their identity, and address. The process is efficient and usually takes less than a day to complete.

KYC required?

Yes

Customer Service

MEXC provides extensive customer support via email, live chat, and phone. The support team is responsive and available 24/7, ensuring users get timely assistance.

CoinDCX provides support through email, live chat, and a help center. The support team is responsive and available 24/7, making it convenient for users in India and beyond.

Security

MEXC employs robust security features, including 2FA and cold storage. However, it is not regulated by major financial authorities, which might be a concern for some investors.

CoinDCX ensures security with 2FA, encryption, and cold storage. It is regulated by Indian authorities, providing a secure environment for investors.

Which of these exchanges is for you?

Alejandro Borja

As an expert on our website, I recommend MEXC Exchange for its impressive array of over 1,000 cryptocurrencies and robust trading options, making it ideal for both new and seasoned traders. However, potential users should note the areas needing improvement, particularly customer service responsiveness. Overall, if you’re looking for a platform with high liquidity and diverse trading capabilities, MEXC is a solid choice, but be prepared for possible delays in support when you need assistance.

Xavier Tarrasó

As an expert reviewing various platforms, I find Coindcx to stand out particularly for its user-centric approach. The exchange not only offers a comprehensive range of over 200 cryptocurrencies but also ensures that both novices and seasoned traders can navigate and utilize the platform with ease. Its emphasis on security, backed by stringent compliance with Indian financial regulations, instills a high level of trust and reliability, making it a preferred choice for many looking to trade cryptocurrencies. Whether you’re starting your crypto journey or looking to diversify your trading strategies, Coindcx provides a robust environment with the tools and support needed to succeed in the dynamic world of cryptocurrency.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.