MAX Exchange Review
MAX Exchange is a centralized exchange that occupies #102 on Guru InvestingExchange Tracker. MAX Exchange has trading volume US$23,169,789 in the last 24 hours and US$7,545,282,169 in the last 7 days.
MAX Exchange currently has 31 cryptocurrencies, 1 paper currencies and 52 markets (cryptocurrency trading pairs). The most popular trading pair on MAX Exchange is USDT/TWD.
Compare MAX Exchange next to other exchanges here: Exchange comparison tool.
Cryptocurrency exchange MAX (stylized as MAX Exchange) is a Taiwanese platform for trading digital assets. Launched in 2018, it offers spot trading of digital and fiat currencies. Clients who own their own MAX platform asset can join profitability program.
Users must comply with certain KYC rules to access trading services. MAX cryptocurrency exchange is restricted in certain regions including Japan, USA and European Economic Area. Trading can be done on desktop and mobile devices.
Markets
MAX Exchange Spot Market is the main service provided by the platform. Although Margin trading is currently not availablethe team stated that it is in development and will be added to the platform in the future.
Like many cryptocurrency trading platforms, it has its own asset – MAX Exchange Token (MAX). This is a utility token that can be earned as staking rewards and used to reduce transaction fees. You can learn more about MAX Exchange cryptocurrency price and market performance. Here.
Crypto-to-crypto and crypto-TWD trading is supported. The Taiwan dollar is the only fiat currency available on the platform.. Stablecoins such as Tether (USDT) also available. In general, the exchange offers more than 50 MAX Exchange trading pairs and more than 30 assets. The exchange does not support all forks, and not all new assets may be listed.
MAX Exchange cryptocurrency prices may differ from prices on other trading platforms.. This is because prices are determined by the local market in Taiwan. Trade prices are usually expressed in Taiwanese dollars. BTCand USDT depending on the selected trading pair.
MAX Exchange fees are calculated using a tiered producer-receiver model. The default producer and recipient fees are 0.05% and 0.150% respectively. However, the manufacturer’s commission can be reduced to 0.045% by applying the Promotion discount.
Holders of MAX tokens may be eligible to join VIP program pay a reduced commission. There are 9 VIP levels in total. The VIP level is determined by two criteria – the number of MAX tokens supplied and the MAX Exchange’s 30-day trading volume. Volumes are expressed in Taiwan dollars.
The minimum required MAX Token bet amount to achieve VIP 1 status is 500 MAX and the minimum volume is NT$3 million. To reach VIP 9 level, users require at least 15,000 MAX stakes or a 30-day MAX Exchange of at least NT$2 billion.
The VIP 1 maker commission is 0.045%, the taker commission is 0.135%. At VIP 8 and VIP 9 levels, makers are not required to pay MAX Exchange cryptocurrency fees, and the taker rate is reduced to 0.05%. With the Promotion discount, the maker’s rate is reduced to zero at VIP 3, and starting from VIP 5, a maker’s discount of up to 0.008% is applied.
MAX Cryptocurrency Exchange supports TWD deposits and withdrawals through local Taiwanese banking services. All deposits on the platform are free. The cost of withdrawing funds on the platform may vary depending on the chosen cryptocurrency.
other services
In addition to the market, deposit and withdrawal of funds, the MAX cryptocurrency exchange offers other financial and technical services.
Users can MAX token rate to receive passive income. Rewards are collected from a portion of the transaction fee. Additionally, the earned value of MAX Exchange cryptocurrency increases over time using Increased aging mechanic. The longer tokens are locked for staking, the higher their staking power. Unlocking assets resets the aging process.
Harvest — a flexible program for making money on idle assets. The annual interest rate may vary depending on the asset chosen. Only assets in MAX Exchange spot wallets can be issued. To access the Yield service, clients require at least Level 1 KYC verification.
Developers can access the MAX cryptocurrency exchange API Documentation. The toolkit can be used to generate API tokens and access live market data such as MAX Exchange volume and prices.
About company
MaiCoin Group, the company behind the MAX crypto exchange, was founded in 2013. one of the oldest digital currency firms in Taiwan. Other services under the MaiCoin Group umbrella include the MaiCoin trading platform, MaiCapital hedge fund and Qubic NFT technology integration service. The headquarters is located in Taipei, Taiwan.
The exchange was launched in February 2018. After its publication, it turned out that all assets were transferred to a third-party bank trustee to provide enhanced security. The MAX token was released shortly after the launch of the MAX cryptocurrency exchange.
In March 2022, MaiCoin announced plans to potentially sell its shares on Nasdaq in the next two years. At the time it was stated that the company was valued at approximately $400 millionand the daily trading volume of MAX Exchange was estimated at more than $20 million.
Alex Liu is the CEO of MaiCoin Group and MAX Exchange. Before founding the company, he worked for such world-famous corporations as Samsung, Siemens and Qualcomm. In 2016, Liu founded end-to-end technology provider Amis.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
