MXC Exchange review : Scam or Legit? 2021

  • Is MXC a reliable exchange?
  • What are the pros and cons of the MXC exchange?
  • Should we trust MXC exchange with our money?

Here at CoinSutra, our job is to find useful crypto resources that we can use in day-to-day life. In the past, I have introduced you to Binance, Bybit, and many similar popular crypto exchanges.

Moving one step ahead, recently I discovered another upcoming exchange named MXC, and after using it for over 6 months, here I’m sharing my detailed review of the MXC exchange.

In my findings, the MXC exchange has every feature you would expect from an innovative and modern cryptocurrency exchange.

So without further delay, let’s have a look at MXC crypto exchange, its features and benefits of using it.

Create a free account on MXC exchange (10% off trading fees)

What is MXC exchange?

MXC is a centralized cryptocurrency exchange that was established in 2018 in Seychelles, East Africa, and has been recently picking a lot of interest around the globe. The core members of the team come from world-class enterprises and financial companies, who have rich experience in blockchain and financial industries.

MXC has compliance licenses in 5 countries including Switzerland, Canada, Australia, and the United States. The exchange has listed around 371 coins (752 pairs) with a daily trade volume of approximately USD 4 Billion.

Features of MXC Exchange

The major features of the exchange are:

Spot Trading and Margin Trading

A user can spot or margin trade in all the 371 coins listed on the exchange. New coins and projects are being added at a regular interval, and you will find popular DeFi, NFT, Polkadot coins on this exchange, which may not be listed elsewhere. In fact, MXC was one of the first exchange to list wrapped NXM token, and some of the popular DeFi tokens.

ETF Trading

  • Currently, MXC Index Product includes major cryptocurrency index, halving cryptocurrency index, public chain index, and Defi asset index, etc.
  • For example, a user can invest in Grayscale Portfolio Index

The major benefit of an ETF is:

  • Risk spreading (as risk is spread over a group of assets) and
  • Energy Saving (by investing in an ETF a user indirectly invests in all the underlying assets of the ETF which saves him from the hassle of researching himself)

Contract Trading

  • The perpetual contract is a derivative that differs from traditional futures. There is no expiry or settlement and no time limit for position holding, unlike in the futures contract.
  • This works on a Funding mechanism where payments are exchanged between the buyer and the seller every 8 hours. If the rate is positive, then longs will pay and shorts will receive the rate, and vice versa if the rate is negative.
  • The funding mechanism of the perpetual contracts keeps the contract price close to the price of the underlying asset.

POS (Proof of Stake) Staking

  • Users who hold relevant tokens can join MXC PoS Pool and earn yield.
  • There are two types of PoS available for users – “Staking” and “Savings”.

Benefits of using MXC Exchange

  • User-Friendly Interface – MXC has a very interactive user interface that supports both light and dark mode.
  • Mobile App – the exchange has a mobile application for android and IOS devices to keep the user updated on the go. The app is fully functional and if you enjoy trading on mobile, the app will keep you engaged.

Source link Coinsutra

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