Hello and welcome to review of MXC exchange 2020! A platform that supports the exchange of blockchain assets, MXC is also known as Matcha, supports a large number of cryptocurrencies. The exchange is backed up by FBG Capital and Genesis Group & Block Capital both of which are Chinese Blockchain investment funds.
The Exchange is based in Singapore and was founded in 2018 by Metin Mehmet Durgun who is now the CEO. It was launched by senior Quantitative trading teams of Wall St. Europe and Japan. The platform offers a trading engine of high performance, mega-transaction with up to 1.4 million transactions per second, supernode and security protection of advanced level.
Currently, it is the 6th largest exchange with a total volume of $844.22 million. Along with the official website, the members of the exchange can be reached through LinkedIn
MXC exchange also has its native token MX with a maximum supply of 970,440,032.39 and burnt 2,029,559,967.61 in series of burning events.
- The UTI Public Chain ( Unicorn Solutions Chain) owned UTI Coin to be Listed on MCX Exchange
- Justin Sun Says 2nd SpaceM on MXC Exchange Coming Soon, Tweets the News
- MXC Reaching Partnership With Simplex ( The payment fin-tech company granted with a legal license in Europe )
- On Jab 202 the MXC foundation was granted the MSB licence by US authorities.
Services offered by:
The exchange offers to the trade digital assets. It is a user-friendly platform that is of two levels i.e Standard and Professional. Based on the user’s experience in trading, an appropriate level platform and tools can be used.
Liquidity for assets is available and it is easier for currencies like Bitcoin and Ethereum compared to other rare coins. Apart from that, it also offers Spot training, OTC, futures, Pool and MXC Labs.
Benefits of MXC exchange
- Wide Options of trading Pairs and altcoins
- Trades with Native token
- Inexpensive trading
- Good security
- Daily trading volume is high
- Speed Trade matching
- 3 Version use , Mobile, Desktop and Mobile app
- Good Trading experience and UI
- Good customer service
- Fiat currencies not supported
- No margin trading.
Fees and supported payment types
The exchange offers a “flat” trading fee which is the same for both the taker and maker. The trading fees is 0.20% of the trade. In the case of the withdrawal fees, it is different for different coins.
For e.g The withdrawal fees for BTC is 0.0005 BTC.
Currently the exchange is being used in over 70 countries and regions especially in Asia. The residents of the US have access to the exchange.
One major advantage of this exchange is that it is easy to find specific coins and trade with them. It has a total of 159 trading pairs. The exchange has its coin native crypto coin- MX coin. However, there are certain limitations because the exchange lacks the support of Fiat currencies and margin trading.
How to register?
- To register click on : Visit the website, On the top right corner, click on register and choose mobile phone registration or email registration
- Enter your mobile phone or email number (please ensure the validity of your mobile phone or email).
- Enter your login password (the system only accepts numbers or letters to form a password, and does not accept special characters)
- Please enter your login password again.
- Please click [Click to get] to obtain the SMS/email verification code, and enter the verification code you received (if the verification code has not been received in the mailbox, please check whether there is a trash can).
- Please read the “Terms of Service” and tick to agree.
- Click “Register”.
- After the interface displays “Registration Successful”, the user can log in by going to the website and clicking on login.Fill in according to the above requirements, and log in to the account after successful registration.
How to trade?
In order to trade, it is first necessary to deposit into your account. For that,
- Login into your account
- In the drop-down list, click on my assets
- Once the page appears, input the currency you wish to deposit
- Once you input the currency of your choice, click on deposit
- Copy the deposit address to the withdrawal box of your account in other exchanges, and then confirm the transfer. Your deposit is now successful.
- Login and input the currency you wish to trade
- Now, you can input the price you want to buy/sell in the box or else just select the price on the left order list. Then, you can input the quantity you want to buy or sell. After that, click Buy/Sell.
- Your trade is successful!!
Is it safe and secure?
The exchange has an advanced security protection which makes it safe to use. It is protected by the well known Palmim and Knowsec. There is no theft or threat reported. The exchange deals with high-quality blockchain assets and therefore makes use of top security technology. In short, it is quite safe to use the exchange.
On using the referral ID or referral link, you can receive up to 80% commission on each trade based on your referee’s real-time trade and orders. The commission also has criteria based on your account and the amount it holds.
The exchange offers mobile apps for IOS, Android and a desktop app for Windows. With the help of the app, users can trade or simply monitor their assets. The app displays real-time transactions, order book size and charts.