A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of MBAex consists of four parts: general information, fees, deposit methods and security.
MBAex markets itself as “Southeast-Asia’s Biggest Platform for Blockchain Assets Trading”. In spite of that statement, the exchange is actually owned by a Cypriotic company (MBAEX ONLINE PTE. LTD). There are also a few other Cypriotic exchanges out there, one of which being Coindeal. Coindeal has slightly higher fees but a much wider selection of trading pairs.
MBAex offers trading in the biggest cryptocurrencies. For these purposes, the “biggest cryptocurrencies” are Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple and a few others. If you’re looking to trade any smaller cryptocurrency than the ones mentioned in the foregoing sentence, you’ll have to find another trading venue. Use our Exchange Finder for that purpose.
MBAex offers detailed information about its Cypriotic parent company and also all the members of its management (CEO: Sebastian Ionut Diaconu, COO: Theodoros, CMO: Wong Ming Fei). This provides some level of comfort from an anti-scam perspective.
US-investors are permitted to trade here.
Most cryptocurrency traders do their trading on their desktop. However, that’s not the way it has to be. If you’d like, you can also do it on your phone or reading tablet. At least if you open an account with MBAex, who has an application that you can download on both App Store and Google Play.
MBAex 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 cryptocurrency 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 ascertain that it feels right to you. The below is a picture of the trading view at MBAex:
MBAex Trading fees
This Cypriotic coin exchange charges both takers and makers flat fees. The level of the flat fees is 0.10%. This is very competitive fees, far below global industry average.
It could be worth noting here that many exchanges have trading fees that are reduced as volumes are increased, meaning that you are incentivized to trade in higher volumes. But, the fees listed in this review and in the comparison table are excluding any such volume discounts.
MBAex Withdrawal fees
At this exchange, they charge a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This fee is also in line with industry average, possibly somewhat on the high end.
This exchange offers a wide variety of deposit methods. You can deposit in essentially whatever way you prefer. Wire transfer, credit cards, other cryptos, you name it. MBAex is consequently what we call an “entry-level exchange”.
We run all 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. When doing this test, this exchange only received an F-score in this test. This is below industry average, but it should be noted that a majority of all exchanges in our Cryptocurrency Exchange List actually only score an F in this test.
Finally, as mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: