Review on MXC.COM by Temitope Babatunde
It Accepts Fiat Deposit.
MXC exchange was licensed in Singapore and was established in 2018. It has the backing of strong financial team like Genesis Capital, Block capital etc. Though in Singapore, but it has offices throughout the world with almost 500 employees and it focuses its services on Asia and China.
It has a native token called MX with varieties of usage to the holders, for example 60 percent of their monthly income is share as dividend, holders also has the right to vote in the community. 40 percent of monthly profit of the exchange is use to buy MX and burn which give more value to the token.
They accept fiat deposit through wire transfer and card which made it a good gateway for newbies into the crypto world. Trading fee is 0.2 percent for both maker and taker. Withdrawal fees depend on the type of the coin.
There is a good measure of security, for example if someone want to withdraw higher amount this may trigger manual verification. The trading over view is good and easy to use. The performance of the system engine is fast that is said to handle more than 1.4 million transactions in a second.
Though MXC exchange is not long in the business but it is reputable and has good security.
Pros
- Licensed in Singapore.
- Very high liquidity
- It has backing of Chinese Blockchain investment fund.
- Holders of their native coin MX has various advantages.
- Higher percentage of the users fund is store in cold wallet.
- It has support for fiat currencies.
- Accept US investors
- Has mobile application for mobile devices.
Cons
- Accuse of inflating numbers of community members.
- The header of their email is in Chinese language.
