Review on MXC.COM by Zahir Qarayev
Review about MXC
MXC is a Singapore-based cryptocurrency exchange that was founded in 2018. It is backed by a solid financial team, including Genesis Capital, Block Capital, and others. Though headquartered in Singapore, it has over 500 workers worldwide and concentrates its services on Asia and China.
It has a native coin called MX that has a variety of uses for its holders, such as sharing 60% of their monthly income as a dividend and allowing them to vote in the community. The exchange uses 40% of its monthly profit to acquire MX and burn it, increasing the token's value. They allow fiat deposits by wire transfer and credit card, making it a suitable entry point into the crypto world for newcomers. Both the maker and the taker pay a 0.2 percent trading charge.
Withdrawal costs vary depending on the coin type. There is a decent level of protection; for example, if someone wants to withdraw a larger amount, manual verification may be required. The trading over view is really useful and simple to use. The system engine is reported to be capable of handling more than 1.4 million transactions per second. Despite the fact that MXC Exchange is new to the market, it is trustworthy and secure.
Pros
- Holders of MX, the local currency, enjoy a number of benefits.
- Fiat currencies are supported.
- For mobile devices, there is a mobile application.
Cons
- Accused of falsifying community membership statistics.
