Fees: MEXC has zero Maker fees on both spot and futures — cheaper on paper. Binance's rates are higher but come with stronger security guarantees. Tokens: MEXC lists 2,000+ (fastest listing speed in the industry). Binance 400+ with stricter vetting. Security: Binance far more established — larger security budget, SAFU fund, transparent reserves. MEXC lags behind. Liquidity: Binance dominates. MEXC small-token liquidity can be very thin.
Verdict: Lowest fees: MEXC. Best overall platform: Binance. Common approach: main funds on Binance, small exploration funds on MEXC.