A comprehensive guide on Max MaiCoin exchange

In the global scene, Asian countries such as Japan, Singapore, and Hong Kong are leading the way towards mainstream adoption of digital assets and crypto-related platforms. Although not as technologically progressive as its neighbouring countries, Taiwan has a promising future ahead for cryptocurrency with the emergence of local exchange sites such as BitoPro and OTCBTC.

Amongst these, Max MaiCoin is the top exchange site in the country that offers trading, buying, and selling of cryptocurrencies. Find out more about this crypto exchange and its features right here!

What is Max MaiCoin?

Max MaiCoin is a Taiwanese digital asset exchange site established in 2014. It’s a digital currency selling and purchasing platform that supports a wide range of cryptocurrencies, stable coins, and DeFi currencies.

Max MaiCoin envisions a decentralized financial world where digital currencies can be exchanged between people anywhere in the world at a cheaper fee.

The exchange provides 24-hour online transactions so users can easily purchase, sell, and trade cryptocurrencies.

The exchange has a utility token called MAX. During transaction mining from 2018 to 2019, there were approximately 60 million MAX tokens distributed. The exchange’s management believes that enough tokens were distributed so in November 2019, Max MaiCoin burned more than 90 million MAX tokens. This kept the total supply of the token excluded from the burned ones to decrease the number of tokens that are included in the circulation.

Features

Max MaiCoin has outstanding features such as mobile support and trading views that benefit users in Taiwan and other countries as well. Though there are other crypto exchanges, Max MaiCoin can keep up with the ever-expanding number of crypto exchanges and still remains one of the top exchanges in Taiwan.

Here are some of the most notable features of the platform:

Mobile support

Max MaiCoin prioritizes the needs of its users by finding ways to become more accessible. One feature of this exchange that will benefit the users is its mobile accessibility. You can get the Max MaiCoin mobile app and create transactions anytime and anywhere. Download it for free on Google Play for Android and AppStore for iOS, and begin purchasing your desired cryptocurrency!

Trading view

Similar to other crypto exchanges, Max Maicoin has a trading view that includes the order book, price chart of your desired cryptocurrency, and your order history. A search bar is also available on the menu section at the top of the page so you can easily find the cryptocurrency you’re looking for.

Fees

Trading Fees

One of the most important elements of a crypto exchange platform that users look for is the trading fees. With this, users will have an idea of how often they will be able to make a transaction since every trade made by a party has a fee.

Takers in Max MaiCoin have a trading fee of 0.15% which is lower than most crypto exchanges that charge 0.25%. For makers, the exchange only charges 0.05%.

Withdrawal Fees

Most of the time, the withdrawal fee is fixed regardless of the total amount of the cryptocurrency withdrawn by the user. Withdrawal fees depend on the type of cryptocurrency you want to withdraw. For instance, BTC withdrawals in Max MaiCoin are at 0.0005 BTC compared to most crypto exchanges that charge 0.0008 BTC.

Deposit option

As a deposit option, Max MaiCoin exchange offers wire transfer. However, credit and debit cards are not supported by this exchange. With a wire transfer, crypto users who are new to the industry will be able to begin trading through Max MaiCoin.

Trading

Max MaiCoin implements its own rules and regulations on how users can use its platform. Before you begin trading, keep in mind these guidelines:

• All users must have a sufficient balance of a cryptocurrency or fiat currency in their Max MaiCoin account to be able to make any transaction on the platform.
• Traders are allowed to place Limit Order, Market Order, and Stop Order.
• No fees are charged for cancelled orders.
• A placed Maker order is eventually added to the order book, but will not be immediately matched with an Order.
• Taker and Open Maker orders will be matched depending on their Price-Time Priority.
• Limit orders will become a Taker order when the Limit order matches an existing Maker order on the platform.

Management team

Max MaiCoin has a team of developers behind the success of the crypto exchange. Here are the three main members of the management:

Liu Shiwei

Liu Shiwei is the CEO and co-founder of Max MaiCoin exchange. Prior to the establishment of this exchange, Shiwei was the CEO of Qualcomm and Atheros. He is well versed with Silicon Valley and has a master’s degree in electrical engineering from Stanford University.

Lin Youde

Lin Youde is the Deputy General Manager of Engineering in Max MaiCoin who served for HTC, Oracle, and Dell prior to his position in the exchange. Youde has a master’s degree in information science from Stanford University.

Chin Minghui

Chin Minghui is the Chief Operating Officer in Max MaiCoin. Prior to the exchange, Minghui served at a financial investment holding company, Fubon Financial Holdings in Taipei. She was in the Innovation and Technology Office as the head of the blockchain-related business. Minghui graduated with a master’s degree in information science from the University of Detroit Mercy.

How to create an account in Max MaiCoin

Begin your transactions with Max MaiCoin today by signing up to create your account!

• Sign up by choosing how you want to apply. You can choose from either ‘Apply Individual Account’ and ‘Apply Corporate Account’.
• Provide your email address and unique password. Keep in mind that your password should be a series of letters, numbers, and symbols to lessen the risk of getting hacked.
• Before you can proceed to the next step, you will be asked to confirm your password.
• Tick the confirmation box stating that you’re over the age of 20 years old. An email verification will be sent to your registered email.
• Once you click it, your current member type will be shown on the screen.

Trade cryptocurrencies with Max MaiCoin today!

As the top exchange site in Taiwan, Max MaiCoin has the potential to bridge the country to the ever-changing world of cryptocurrency. Discover what more this exchange can offer when you sign up today!