Side-by-side HTX vs MEXC P2P comparison: live volume, merchant pool, per-fiat liquidity, fees, KYC, and merchant programs. Updated automatically.
Volume winner: HTX — HTX runs more 24h trading volume in USD-equivalent terms.
Merchant pool winner: HTX — more active merchants generally means tighter spreads on the most-traded fiats.
Fiat coverage winner: HTX — wider fiat coverage matters if you trade a long-tail currency.
But raw rankings don't pick the winner for yourtrade. Drop into the per-fiat table below — for each market, the cheapest BUY (and highest SELL) often sits on the venue with smaller overall volume because that venue's merchants are pricing more aggressively to win share.
| Market | HTX ads | HTX best buy | MEXC ads | MEXC best buy | Cheaper |
|---|---|---|---|---|---|
| 🇷🇺USDT/RUB | 2.4K | ₽74.30 | 4.0K | ₽1.00 | MEXC |
| 🇨🇳USDT/CNY | 4.8K | ¥6.78 | — | — | HTX |
| 🇺🇦USDT/UAH | 380 | ₴44.35 | 1.4K | ₴1.00 | MEXC |
| 🇪🇺USDT/EUR | 539 | €0.86 | 973 | €0.88 | HTX |
| 🇵🇰USDT/PKR | 163 | ₨286.30 | 911 | ₨283.00 | MEXC |
| 🇮🇩USDT/IDR | 92 | Rp17,995.00 | 823 | Rp17,750.00 | MEXC |
| 🇵🇭USDT/PHP | 103 | ₱62.23 | 744 | ₱61.50 | MEXC |
| 🇹🇷USDT/TRY | 144 | ₺47.00 | 592 | ₺43.20 | MEXC |
| 🇺🇸USDT/USD | 437 | $1.00 | 264 | $1.01 | HTX |
| 🇲🇾USDT/MYR | 234 | RM4.03 | 430 | RM3.79 | MEXC |
| 🇳🇬USDT/NGN | 37 | 1,440.00 | 562 | 1,240.00 | MEXC |
| 🇦🇪USDT/AED | 103 | د.إ3.72 | 433 | د.إ3.73 | HTX |
Showing top 12fiats by combined ad count. "Cheaper" column is the side with the lower BUY price (better for buyers).
Strong RUB market post-sanctions. Spreads widen at off-peak hours, creating arbitrage opportunities versus Binance/Bybit. Decent INR/IDR depth.
Trade-offs: Smaller merchant pool means deep liquidity is concentrated in a handful of fiats; niche markets can be illiquid for >$10K trades.
Fees + KYC: 0% trading fees on most P2P markets. KYC required above unverified limits. Operates from Seychelles + Hong Kong; rebranded from Huobi in 2023.
Tertiary pricing reference for cross-exchange arbitrage. 0% trading fees. Decent INR/RUB coverage for retail-size trades.
Trade-offs: Liquidity is shallow — rarely sufficient for trades above $100K. Merchant pool is small. Reference data only (sourced from p2p.army).
Fees + KYC: 0% trading fees on most P2P markets. KYC required above unverified limits. Operates from Seychelles.
By live data: HTX leads on 24h volume ($45.69M vs $33.17M); HTX leads on active merchants; HTX leads on fiat coverage. The "better" exchange depends on which fiat you trade — see the per-fiat table above; the cheapest BUY price for your specific market may sit on the smaller-overall venue.
Both HTX and MEXC charge 0% trading fees on most P2P markets. HTX: 0% trading fees on most P2P markets. KYC required above unverified limits. Operates from Seychelles + Hong Kong; rebranded from Huobi in 2023. MEXC: 0% trading fees on most P2P markets. KYC required above unverified limits. Operates from Seychelles.
Both use identical escrow mechanics — crypto is held by the platform until the seller confirms fiat payment. Counterparty risk is on the off-platform payment rail (UPI, IMPS, bank transfer), not the platform. Always check the merchant's completion rate (≥95%) and order count (≥1000) before trading, regardless of which exchange you pick.
Yes. HTX rebranded from Huobi in late 2023 after the Justin Sun-led ownership transition. The platform, P2P market, and merchant pool carried over; only the brand changed. Domain redirects from huobi.com to htx.com remain active.
Not for size. MEXC's P2P market is shallow compared to Binance, Bybit, and OKX — sufficient for retail trades up to ~$10-50K depending on fiat, rarely deep enough for $100K+ orders. Useful as a tertiary price reference rather than a primary venue.
Volume + ad counts come from each exchange's public P2P API (Binance, Bybit, OKX, HTX, KuCoin direct-crawled every 60s; rest reconciled via p2p.army's 30-min snapshot). The per-fiat liquidity column sums total ads (buy + sell) per market. Updated at most every 2 minutes.