Review on MAX Exchange by Abraham Jeremiah
Simple Exchange with major Supports in Taiwan
The Max Exchange, Taiwan based which seems to be really new but had made its way to good rankings especially if you check the daily trading volumes. The simplicity of using this exchange is what caught my ecstacy. The User Interface is straightway and direct. Order book and charts are well arranged but charting tools are not well developed for the exchange which can be bad for expert traders to use. The security system only makes use of phone verification when trying to login or make a withdrawal and extra security is not made a compulsory process. The flexibility of this exchange majorly lies in the UI and fees for trading and withdrawals. A good additive to people like me who like the USDT-TRC20 free withdrawal, Max exchange still offers them but it's for a limited time so maximize it. To note, KYC is not made compulsory on this exchange but to access most of its bigger features such as deposits via fiat, user verification is required. Even with it's elaborate services, the exchange is still in limits of Taiwan.
The exchange though needs to work on making it's services available to a more diverse group instead of just Taiwan. Also, more cryptocurrencies need to be supported by the exchange, especially the top types as this exchange only has about 10 cryptocurrencies for it's large base of users.
Pros
- Max exchange should be notoriously known for its simplicity in web design. No user can ever find it hard using the platform
- USDT-TRC20 withdrawals are free on this exchange
- Rebates are paid for active promotion by its traders
- Still relatively new but caps in a lot of volume daily
Cons
- Supports around 10 cryptocurrencies only for trading
- The exchange is majorly focusing on Taiwan which limits many other users due to their KYC requirements
- Security feature of the exchange are lacking care
