Max Maicoin Review
A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of Max Maicoin consists of four parts: general info, fees, deposit methods and security.
Max Maicoin is a crypto exchange registered in Taiwan. Compared to some of the other Asian countries (Hong Kong and Singapore in particular), there aren’t that many exchanges from Taiwan. The only other ones that we have listed in our Exchange List from Taiwan are BitoPro, CoinPark and OTCBTC.
Most exchanges list a few things on its website as its main advantages. The reasons for choosing this particular trading platform ahead of any other trading platform. For Max Maicoin, such advantages are the security, the reliable API and their low fees. We feel that all of these features are important.
This trading platform does not prohibit US-investors from trading, but US-investors should still do their own independent assessment of any problems arising from their residency or citizenship.
This exchange is also available as a mobile app. Why wouldn’t it be? Download it for free on AppStore for iPhone, or Google Play for Androids. And have a look at the incredible promo picture below.
Max Maicoin Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The below is a picture of the trading view at Max Maicoin:
Max Maicoin Fees
Max Maicoin Trading fees
The most important lesson to learn when it comes to picking the right platform is that you must always check the fees. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order.
This exchange’s trading fees for takers are 0.15%. This fee is below the industry average, which is arguably around 0.25%. One of this exchange’s strong offerings is that the exchange also charges a very low fee for makers, namely 0.05%. This promotes the liquidity at the exchange and is a strong aspect for this platform.
Max Maicoin Withdrawal fees
Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of cryptocurrency units withdrawn), and varies from cryptocurrency to cryptocurrency. For BTC-withdrawals, this exchange charges 0.0005 BTC. This is also slightly below the industry average. Global industry average BTC-withdrawal fee is approx. 0.0008 BTC.
All in all, with respect to the fees, Max Maicoin is doing a great job.
This exchange offers wire transfer as a deposit method, but you can’t deposit via credit card. Offering wire transfer enables people with no previous crypto holdings to start off their trading career here, which is very helpful. If you must find an exchange also accepting credit card deposits however, you can do by using our Exchange Finder.
Max Maicoin Security
We run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. Max Maicoin received a score of B- in this test. This is a very good score, and actually better than 85% of all other cryptocurrency exchanges in our Cryptocurrency Exchange List.
The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the crypto market with fiat currency. There are many entry-level exchanges out there, including (but not limited to):