How do I buy cryptos in the 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.

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.

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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.
• User Feedback response–the development team is very proactive with the user feedback which leads to a quick resolution of user queries
• MX Defi – this is the Unique Selling Point of MXC, which makes it ahead of the rest. DeFi staking allows a user to have benefits of yield mining in the most attractive Defi projects. The interface is simple to use and offers various products that would benefit the end-user.
• User Education–MXC has several videos and textual tutorials to guide a user through the features of the exchange.
• Community and Social media presence–MXC Twitter handle (@MXC_Exchange) has more than 50,000 followers. The community size and presence of the exchange explain users’ confidence in the platform.

Security and Compliance:

• With regulators and authorities across the world keenly looking at crypto exchanges and their adherence to security and regulatory compliance, MXC has taken extra steps to ensure maximum security protocols on the platform.
• MXC technical team has built a dedicated state-of-the-art security risk control system and an anti-DDOS system with its extensive experience in the digital asset industry. Based on security designs such as multi-signature, offline signature, and layered architecture, MXC stores its digital assets in a cold wallet, escorting every investor in the most critical aspects.

MXC Trading Fee and Trading Volume:

• There is no fee for the deposit of funds on the exchange
• Trading fee is 0.2% of the transaction value. Though trading fees could be reduced by holding MX token, which is a native token of the platform. More on it, later.
• Further, MXC charges a fee to withdraw funds from the exchange, which is a standard practice in the crypto exchange world.