MXC is a cutting-edge cryptocurrency platform. MXC is the key centralized platform that supports creative and hopeful initiatives ahead of the rest of the industry. Before enrolling, this MXC Exchange review aims to acquaint you with the platform’s intricacies.
What Is MXC Exchange?
MXC is a technically consolidated cryptocurrency exchange fast gaining traction among cryptocurrency users worldwide. The MXC team is best-in-class, and its members come from various world-class enterprises with diverse professional backgrounds, particularly in finance. All team members have extensive expertise in the blockchain and financial industries.
MXC has abidance permits in five well-known countries: Switzerland, Canada, Australia, and the United States. The exchange contains 371 coins (752 pairings) with a monthly commerce volume of over USD 4 billion. This study will examine the features and services this central asset platform offers.
How Does MXC Work?
MXC features a robust cold storage wallet to ensure the safety of cash stored on the exchange. The software aims to manage bitcoin deposits totaling $500 million. There are no confirmed security breaches. The platform employs high-performance mega-transaction matching technology.
MXC provides the same security measures as other cryptocurrency exchanges. For example, you must enter a confirmation code delivered to your email address while signing in. The Exchange also recommends using two-factor verification through a mobile phone or Google Authenticator.
MXC Exchange Features
The following are the key characteristics of MXC Exchange:
- A well-established and experienced founding team of high-ranking blockchain practitioners and specialists from Wall Street, Japan, and Europe.
- Pays back to the blockchain community: 60% of the merchandising fees will be sent as a bonus to MX holders, with the remaining 40% utilized to acquire and burn their local MX coins each month.
- User-friendly: MX token holders can vote on the blockchain community’s and MXC team members’ functionality.
Is MXC Exchange A Regulated Entity?
MXC Exchange has achieved the highest level of prominence in terms of regulatory compliance. In addition to the US-based MSB license, MXC has secured the MTR license from the Estonian financial authorities, allowing it to provide cryptocurrency and fiat-currency conversion services and digital-asset wallet services.
Pros and Cons of MXC
- Trading experience and platform that is second to none.
- Compatible with a wide range of cryptocurrencies
- Trading commissions are reasonable.
- A smartphone app is available.
- Innovative security features.
- Marginless trading.
- Incompatible with fiat money.
- User complaints have occurred.
MXC Exchange Registration Procedure
MXC Exchange registration is a straightforward process. All you have to do is follow these steps:
- Users must first download the MXC Pro app, open it, and click “Register.”
- Two alternatives will be displayed: By clicking “Email” or “Phone,” you may register.
- Enter the user’s cellphone number, email address, and login code and press “Enter.”
- To obtain an SMS code, users must click “Get code.”
- If other users have invited them, they must input the referral code. Otherwise, they may leave the slot blank.
- Finally, users should click “Sign Up,” and they will complete the registration.
How to Purchase and Sell Cryptocurrencies on the MXC Exchange?
Follow the instructions below:
Step 1: Go to www.mexc.com and type the cryptocurrency you want to trade into the search field.
As an example, consider the trading pair BTC/USDT.
Step 2: Depending on their preferences, customers may enter a special price (to buy/sell) in the box or simply select the cost from the left order list. They can then enter the quantity they want to buy/sell. Finally, press the Buy/Sell button.
Exchange Fees for MXC
Regarding MXC Exchange reviews, the charge rate is straightforward: 0.2% on every transaction. Deposits are completely free. However, withdrawal fees depend on the transaction costs of the blockchain network utilized. Credit Trading (immediate purchases made with a bank card) is subject to payment processor fees, which can amount to 5% of the whole trade value. On the MXC website, users may also use the perpetual futures trading platform with a tiered charge structure. For contract account balance or monthly trading, the discount for such futures trading volume ranges from 5% to 30%.
Payment Methods Accepted by MXC Exchange
The site accepts several payment options, including:
- Transfer by bank
- Skrill, for example.
MXC Exchange also allows several quick payment options, including:
- Credit cards
- Apple Pay
What Sets MXC Exchange Apart From Others?
According to this MXC exchange review, it is a one-of-a-kind platform extensively backed by a team of full-fledged blockchain practitioners and other professionals. It has a user interface that is both convenient and interesting, and it appeals to most consumers owing to its exceptional cleanliness and user-friendliness. Another noteworthy feature of the bitcoin trading platform is that it is at the forefront of the Decentralized Finance (DeFi) movement and often supports DeFi coins.
MXC Exchange presently allows trading for 17 and 20 DeFi Tokens. Furthermore, they rank first among all major exchanges in listing ongoing DeFi initiatives via their Assessment Zone & Innovation Board.
So far, there have been no security breaches at MXC Exchange, implying that it is pretty safe and secure to transfer your tokens to the exchange for trading reasons. Assume that things improve in Asia in terms of bitcoin policy. In such a situation, the chances of MXC Exchange being one of the most renowned exchanges in Asia and the globe are great.
MXC Customer Service
MXC provides 24/7 prompt customer support and begins with a standard FAQ Section, which does not appear well organized compared to its competitors operating in big exchanges.
It may be challenging to search for anything on this website using the search tool. Regular chat and email assistance are also available. This MXC exchange evaluation recommends traders speak with staff to understand its operations better. It uses social media profiles to share questions.
Conclusion of the MXC Exchange
It is ideal for reselling popular currencies and tokens. It has earned a reputation as the first centralized exchange that provides asset support. Because of its comprehensive features, the platform is ideal for all types of traders.
One of the website’s concerns is the subpar English translation function, which makes it difficult for English-speaking customers to browse. Customer assistance is mainly provided by email; by all accounts, it is a responsive, fast, and helpful service. The platform has received several positive reviews. However, this MXC exchange review recommended that traders read additional reviews regarding the site before making any investment.