BingX vs MEXC
MEXC has the higher grade on both axes: Safety 4.5 against 3.5, and Privacy 1.3 against 0.0.
BingX
Centralised spot and derivatives exchange; unverified accounts can only withdraw
Privacy
0.0/ 10
Poor
Safety
3.5/ 10
Poor
ID mandatory KYC 4 Docs reviewed Full review →
MEXC
Large offshore spot and futures exchange where ID is optional up to a withdrawal cap
Privacy
1.3/ 10
Poor
Safety
4.5/ 10
Caution
ID on risk flag KYC 3 Docs reviewed Full review →
Side by side
| BingX | MEXC | |
|---|---|---|
| Category | No-KYC Exchanges | No-KYC Exchanges |
| KYC policy | ID mandatory | ID on risk flag |
| Custody | Custodial | Custodial |
| Sign-up | Email required | Email required |
| Open source | No | No |
| Tor onion address | No | No |
| Coins | BTC, ETH, USDT, SOL, XRP | BTC, ETH, USDT, SOL, XRP, LTC |
| Pay with | Crypto, Card, Bank transfer | Crypto |
| Limits | Unverified: no deposits or trading, withdrawals up to 20,000 USDT per 24h. Advanced KYC: unlimited deposits, withdrawals up to 5,000,000 USDT per 24h (as stated in the help centre; may vary by region). | Unverified withdrawal cap reported as 10 BTC/day (exchange article, Dec 2025) or about 1,000 USDT/day (third-party guides, 2026); check in-account. |
| Founded | Not published | 2018 |
| Not available in | Disclaimer lists, among others: Afghanistan, Burundi, Cambodia, Canada, Central African Republic, Mainland China, Cuba, DR Congo, Hong Kong, Iran, Laos, Macau, Myanmar, Netherlands, North Korea, Panama, Singapore, Somalia, United Kingdom, United States, and the Crimea, Donetsk and Luhansk regions | Not published |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only BingX
Excludes US users
Both
CustodialClosed sourceRequires emailMay request IDAML screeningRuns an affiliate programme
Only MEXC
5+ years operating
Where they sit among no-kyc exchanges
Questions
Is BingX or MEXC safer?
MEXC has the higher Safety grade: BingX 3.5, MEXC 4.5, out of 10.
Does BingX or MEXC require KYC?
BingX is KYC level 4 (ID mandatory). MEXC is KYC level 3 (ID on risk flag).
Which has more incidents on record?
BingX has 0 and MEXC has 0 documented incidents in the registry.