This is a Taiwan crypto exchange that is centralized, it came up in 2014, launched in February 2018, and is still running. The platform is one of Asia’s leading exchanges, offering fiat (TWD) to crypto and crypto to crypto markets. Its robust fiat currency capabilities set it apart from other exchanges in the continent, together with a massive technical innovation and a Hong Kong regulatory environment that is overtly supportive. The platform offers its customers access to the best crypto project with a focused team to execute the best.
The exchange supports trade 24/7, and users can directly trade, buy or sell their digital assets directly on the website or by downloading the mobile app to continue their transactions on the go. It also supports yield for its users and is secure for its users.
About Yield
Yield enables the user to obtain a return from their idle assets while it is flexible for instant trading and withdrawals. There is a service agreement on the website. This yield is an annual return, and the rates vary by currency. Any user with a level 1 or above account can be able to access this feature, it can be changed once in 24 hours, though if the user modifies the setting before the yield is distributed, all the payments of the day will be lost because the minimum available amount will turn to zero. To enable yield:
On the app
- Go to profile
- Gain Yield on Idle Assets
- Turn on the setting for the coins you want to gain yield on
- Agree to the yield service agreement
- Start accruing daily yield
On the website
- Click on your account name or email
- Enter preference
- Look for Gain Yield in the Idle Assets section
- Enable the coins you want to gain yield on
- Agree to the yield service agreement
- Start accruing daily yield
Trading fee
To maintain the operation running in the Max Maicoin ecosystem, the trading fee is charged only when the transaction has been completed. The model used by the platform is the maker-taker model to calculate the fees drawn from the amount traded.
The maker fee is charged if the limit order is added to the order book increasing the market depth and another order is placed that matches the markers’ order. The maker fees are 0.05% charged to the notional trade amount.
The taker fees are charged if the limit or market order placed matches an order that already exists on the Order book, this decreases the market depth of the platform. The taker fees are 0.15% charged on the notional trade amount.
Max Maicon exchange issued an invoice based on the fees that were charged TWD.
Security
The exchange put the security of its subscribers’ funds a priority, this made them partner with Bank Trust, which manages its customers’ NTD funds. There are secure cold storage locations offline to hold most of its digital assets. Therefore, if you are a customer of the Max Maicon exchange, be assured that your funds are safe and accessible.
Creating an account
To create a Max Maicon account, you are required to have an email, the account creation is simple, you can create an individual or corporate account and all that is needed is an email and a strong password, you tick on the box to agree and then click on create an account.
Foreigners can also create accounts though they will only be allowed to access only levels 1 or 2.
Identity verification
There are required five forms of verifications for users in Max, these include
- Only adults legally above 20 years are accepted
- Uploading of JPEG, JPG & PNG files is accepted
- National ID cards are required
- Passports
- Phone numbers and other ID numbers.
