Comparison of Mexc vs P2B [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Mexc vs P2B comparison!

Your expert: Alejandro Borja

Mexc

Your expert: Xavier Tarrasó

P2B

Main points

Fees

≈ 0,20%

Earns

Customer service

4/5

≈ 0,20%

Fees

Earns

3/5

Customer service

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Yes

Buy and hold

Comparison of fees

Rating

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

4.0 – Reasonable fees with additional benefits for token holders.

Level

≈ 0,20%

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.

P2B’s commission structure is designed to be competitive, aiming to attract both novice and regular traders. The trading and transaction fees are moderate, placing P2B in a reasonable position compared to other exchanges. While the fees are not the lowest on the market, they strike a balance between cost and the value provided, particularly with the security and customer support offered. The fee system is transparently outlined on the website, making it easy for users to understand what they will be charged per transaction. This clarity in fee structure, combined with competitive rates, makes P2B a compelling choice for those new to trading cryptocurrencies.

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.

P2B

Security Methods: P2B employs robust security measures, including the storage of 96% of assets in cold wallets, ensuring high levels of protection against potential online threats.
Reputation and Reviews: The exchange has built a strong reputation among users, particularly praised for its user-friendly interface and security, garnering positive reviews across various platforms.
Transparency: P2B is noted for its transparency in operations, clear communication about its features, and the security protocols it employs, which builds trust among its user base.
Customer Service: The exchange provides excellent customer support, offering quick and helpful responses to user inquiries and issues, which enhances user trust and satisfaction.
Withdrawal and Deposit Policies: P2B has straightforward and reliable withdrawal and deposit policies, ensuring users can manage their transactions efficiently and with confidence.

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Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

Direct link to the website

Product selection

Native token

Token MX

Earns

NFT marketplace

Yes

Cripto/debit card

Yes

Full name

MEXC Exchange

P2B exchange

Regulation

Not regulated

Year founded

2018

Founder

John Chen Ju

Unknown

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Card

Yes

Comparative table

Mexc	FEATURES	P2B
MEXC allows for relatively low minimum trade amounts, making it accessible for beginners and those trading small amounts.	Minimum Trade	P2B allows for low minimum trades, making it accessible for beginners, but could benefit from even lower thresholds.
Competitive trading fees with discounts available for high-volume traders and token holders, making it economically viable.	Trading and Transaction Fees	Fees are competitive but could be improved to match or undercut leading competitors.
Supports over 1,000 cryptocurrencies, offering one of the widest selections in the market.	Number of Cryptocurrencies	Offers a moderate range of cryptocurrencies, focusing on newer tokens which may limit variety for some users.
Offers a vast array of crypto-to-crypto trading pairs, facilitating diverse trading strategies.	Crypto-to-Crypto Trading Pairs	Limited primarily to new tokens, lacking depth in established crypto-to-crypto pairs.
While MEXC provides ample information on trading operations, more detailed disclosures could enhance trust.	Website Transparency	The website provides clear information about operations and fees, though some areas could be more detailed.
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	P2B Exchange does not currently offer its own exchange card for customers to use for in-store purchases or to receive benefits. This lack of a branded card means users miss out on potential benefits such as cashback on purchases, rewards, or easier access to spend their cryptocurrencies in everyday transactions.
Provides secure storage solutions, but enhanced features for asset management could improve user experience.	Storage Offering	Excellent security with 96% of assets in cold storage, providing high-level asset protection.
Offers competitive staking options and rewards, appealing to long-term holders and active traders.	Staking and Rewards	Offers limited options for staking and rewards, which could be expanded to enhance user returns.
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 but could offer more features and smoother functionality.
Customer support is available but improvements are necessary in response time and effectiveness.	Customer Service	Provides excellent customer service with quick and helpful responses, setting a high standard.
Deposits and withdrawals are handled efficiently, though clarity on timeframes and fees would enhance service.	Deposit and Withdraw	Smooth deposit and withdrawal processes, though some limitations apply to methods and currencies.

Key features

Analysis tools

Advanced charting tools, technical analysis

Basic charting tools

Mobile APP

Yes

Security

High 4,9/5

Additional features

Margin trading, futures trading, staking, MEXC Launchpad

Margin trading, futures trading, staking, P2B Launchpad

Anonymity

Yes

Key points

Available cryptocurrencies

1000+

100+

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.

P2B 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.

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 reasonable value for money with competitive fees and a wide range of supported cryptocurrencies, though it may not suit all traders.

Countries of operation

Singapore, United States, Canada, Australia, United Kingdom

United States, Canada, United Kingdom, Australia, Singapore

Best for

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

Base currencies available

USDT, BTC

USD, EUR, BTC

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.

P2B offers a wide range of cryptocurrencies and competitive fees. It provides advanced trading tools but has lower liquidity compared to larger exchanges.

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.

P2B offers multiple deposit options, including bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

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.

P2B offers an easy and quick account opening process. Users need to provide personal information and verify their identity. The process is fully digital and typically 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.

P2B offers customer support via email and live chat. The support team is responsive and helpful, but the lack of 24/7 support may be a limitation for some users.

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.

P2B offers comprehensive security measures, including 2FA and cold storage. Despite its strong security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some 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 on our website, I’d recommend P2B for newcomers to the cryptocurrency world, particularly those looking to invest in new and emerging tokens. While the exchange offers excellent security and user-friendly interfaces, it would benefit significantly from expanding its range of trading tools and established cryptocurrency offerings. For those starting out or looking to explore initial coin offerings, P2B provides a supportive and secure platform, but seasoned traders might find the features somewhat limiting.

Read mexc review

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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.