Quick Summary
MEXC offers a 20% lifetime trading fee cashback through cashback.day. What makes MEXC unique is its industry-lowest futures fees β 0% maker and just 0.01% taker. Combined with 20% cashback, your effective futures taker fee drops to just 0.008%, making MEXC the cheapest exchange to trade futures when using cashback.
MEXC at a Glance
MEXC is known for listing new tokens faster than any other major exchange and offering the lowest futures trading fees in the industry.
MEXC Fee Structure β Industry's Lowest
Spot Trading Fees
USDT Perpetual Futures Fees
This is MEXC's biggest selling point: Zero maker fees and just 0.01% taker fees on futures. No other major exchange comes close. Your 20% cashback effectively reduces the already-ultra-low taker fee to just 0.008%.
Effective Fee After Cashback β Comparison
MEXC's effective taker fee is 5x cheaper than Binance, OKX, or Bybit β even after applying the same 20% cashback on all platforms.
Full fee comparison: crypto trading fees explained.
How MEXC Cashback Works
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You trade on MEXC
β
MEXC charges trading fee (e.g., 0.01% taker)
β
MEXC pays referral commission to cashback.day
β
cashback.day returns 20% to you as USDT
β
USDT deposited weekly to your MEXC account
```
Practical examples (futures taker):
Note: Because MEXC's base fees are so low, the absolute cashback per trade is smaller than other exchanges. However, your total cost is dramatically lower.
Step-by-Step: Activate Your MEXC Fee Rebate
Step 1: Visit the MEXC page on cashback.day
MEXC cashback page or compare all exchanges.
Step 2: Click the registration link
Direct link to MEXC's official registration with cashback code.
Step 3: Create your MEXC account
Sign up with email or phone number.
Step 4: Complete KYC verification
Upload government ID for Identity Verification. Takes 5-15 minutes.
Step 5: Deposit and trade
Every trade automatically generates cashback from your first trade.
Step 6: Weekly USDT payouts
Cashback deposited every week to your MEXC account.
General guide: how to get cashback on crypto trading fees.
Savings Projection
Futures Trader (0.01% taker fee)
Important context: While the cashback amount looks smaller than other exchanges, your total cost is far lower. A $100,000 futures trade on MEXC costs $10 total, versus $50 on Binance/OKX.
See lifetime crypto trading cashback for long-term projections.
Why Choose MEXC for Cashback?
Strengths
Considerations
Tips to Maximize Your MEXC Savings
The Bottom Line
MEXC is the clear winner for traders who prioritize the absolute lowest trading costs. With 0% maker and 0.01% taker fees on futures β plus 20% cashback through cashback.day β MEXC offers an effective taker fee of just 0.008%. That's 5x cheaper than Binance, OKX, or Bybit after cashback.
The trade-off is less regulatory oversight and no proof of reserves. For traders comfortable with that, MEXC + cashback is unbeatable on cost.
Compare: all cashback programs β
Related: Bybit fee rebate | OKX fee cashback | is crypto cashback safe?