Mixcoins Review 2023
What Is Mixcoins?
Mixcoins is a crypto trading platform located in the United Kingdom. They provide exchanging services for various cryptocurrencies against the US dollar, including Bitcoin, Bitcoin Cash, Ethereum, and Lisk. Mixcoins is unique in terms of offering investment management services through its arbitrage fund.
Users can expect to receive a consistent return of 10% to 12% per year by investing through an arbitrage fund. Besides, just like other cryptocurrency exchanges, it provides all the cryptocurrency trading features. However, it would help if you read our Mixcoins reviews to know the platform’s details.
|Listed Cryptocurrency||BTC, BCH, ETH, LSK, USDT|
|Trading Pairs||BCH/BTC, ETH/BTC, LSK/BTC, ETH/USDT, BCH/USDT, BTC/USDT|
|Supported Fiat Currencies||CNY & USD|
|Supported Countries||Most of All|
|Deposit Fees||Depends on Currency|
|Transaction Fees||Depends on Trade Type|
|Withdrawal Fees||Depends on Currency|
|Customer Support||Yes via Mail|
Clients of Mixcoins can trade in cryptocurrency pairings such as BCH/BTC, BCH/USD, BTC/USD, ETH/BTC, ETH/USD, and LSK/BTC on the platform. The platform also includes a complete charting package, allowing users to use the platform’s many combined tools to present all of the data they want in more detail. The graphic also supports multiple periods. On the platform, you can also check out the market depth.
Clients can invest in Mixcoins Arbitrage Fund (MCAF), which was launched in 2013. It guarantees a 10.96% to 12.96% return per year. Users can choose between three currencies: the Chinese Yuan (CNY), Bitcoin (BTC), and the US dollar (USD).
How Does Mixcoins Exchange Work?
MCAF operates by utilizing a high-frequency trading strategy to maximize earnings between price discrepancies in multiple cryptocurrency marketplaces. By purchasing Bitcoins at low prices from one market and quickly reselling them in a market where the price is higher, one may make the greatest possible profit, however little, in a single transaction. So far, the fund has been designated as a low-risk, flexible fund in which contributions and withdrawals can be made whenever the users want.
Mixcoins Review: Pros and Cons
|Deposits are accepted in USD and CNY.||A small number of cryptocurrencies are available.|
|Platform for advanced trading.||Fees are rather expensive.|
|Have a referral program in place.|
|Investing in an arbitrage fund is a viable option.|
How Do I Open a Mixcoins Account?
- To create an account on Mixcoins, click ‘Register’ and enter your email address and password in the form.
- Re-enter your password, complete the CAPTCHA, and check the confirmation box.
- After that, click the ‘Register’ button.
- Refer to the password requirements to make it easier for you to generate a password.
- Your email address will get a Mixcoins Service message. Examine your inbox.
- To confirm, check the ‘Verify Email Address’ box.
- The link will take you to the Registration page, which will validate the registration process’s status.
- Isn’t it simple? You have now registered for an account on Mixcoins!
Trading on Mixcoins Exchange
Different exchanges offer distinct trading perspectives. There is also no “this overview is the best” point of view. You should decide which trading perspective is ideal for you. What all of the views have in common is that they all show the order book, or at least a portion of the order book, a price chart of the selected cryptocurrency, and order history.
They usually have ‘buy and sell’ boxes as well. Before you pick an exchange, look at the trading perspective to ensure that it seems appropriate to you.
The following table shows the trading costs at Mixcoins, which are based on the Maker/Taker model:-
|CURRENCY PAIR||MAKER FEE||TAKER FEE|
|BCH / BTC||0.1%||0.15%|
|BCH / USD||0.1%||0.15%|
|BTC / USD||0.15%||0.25%|
|ETH / BTC||0.1%||0.15%|
|ETH / USD||0.1%||0.15%|
|LSK / BTC||0.15%||0.25%|
Mixcoins does not charge any fees for deposits or Bitcoin withdrawal fee. Fees for withdrawals in USD and CNY, on the other hand, are based on a tiered system dependent on the points the user has earned.
|VIP LEVEL||REQUIRED POINTS||CNY WITHDRAWAL||USD WITHDRAWAL|
You may earn these points by login into your account, depositing money, and trading. Take notice that in addition to the withdrawal costs stated above, there is a $20 processing charge for USD withdrawals. Click here for more detailed information regarding its fee structure.
Mixcoins Deposit and Withdrawal Methods
Mixcoins wallets now accept deposits in US dollars, Bitcoin, and Chinese Yuan. By bank wire transfer, users may deposit Chinese Yuan and US dollars directly into their Mixcoins wallet. Besides, depositing Bitcoin into the Mixcoins wallet can be done by sending it to their Mixcoins wallet address. Withdrawal choices are similar to that of deposit options but in reverse.
In terms of supported nations, Mixcoins has no limits on any country, including the United States.
Mixcoins Mobile App
Mixcoins app has an ‘Everyone’ content rating. It can be downloaded and installed on Android devices that support 19 api or above.
- Combine legal and virtual currency, and add fresh currency regularly.
- Make Bitcoin cross-market arbitrage goods available.
- Accept worldwide payments and interact with different payment methods easily.
Mixcoins Referral Program
As per the platform’s referral scheme, users may encourage friends to create accounts on the site and receive 20% of the trading fees that MixCoin earns from the referred user’s trade.
Mixcoins Security Measures
Mixcoins requires all account holders to verify their accounts in order to comply with legal obligations. For the verification procedure, customers of this safest cryptocurrency exchange platform must submit the following information:-
- 2 Government-issued Photo IDs
- Email address
- Phone Number
- Bank Statement
- Proof of residential address
The assets are stored in cold storage using multi-signature technology to protect the security of their clients’ Bitcoins. Additional security levels include:-
- Constant Monitoring of the Mixcoins system for suspicious activities
- Cryptographic security
- Operational security
- System Security
Mixcoins Customer Support
If you have any questions or concerns regarding the services provided or encounter a technical issue, you may contact customer care by e-mail and instant messaging platforms.
Mixcoins Reviews: Conclusion
Mixcoins, that run by a team of experts, provides a secure and safe trading environment for cryptocurrency traders to trade Bitcoins and other altcoins against USD and CNY. Customers can also become an investor in an investment fund on this platform.
Is Mixcoins Legit?
Mixcoins is a cryptocurrency exchange based in the United Kingdom. The exchange claims to be secure, simple, dependable, and professional. You may trade BTC, BCH, ETH, and LSK on this exchange. You can deposit CNY or USD in fiat currency.
Does Mixcoins Require Verification?
Mixcoins offers many layers of protection to keep its customers safe. Yes, it requires verification to keep your account safe.
How Do You Withdraw From Mixcoins?
The options for withdrawals are the same as for deposits except in reverse.
What Are the Withdrawal Fees at Mixcoins?
At Mixcoins, if users withdraw USD there is a low percentage fee as well as a $20 handling fee charged by the bank.
How to Cancel an Order at Mixcoins?
At the bottom of the trade center, you can click cancel that you wish for.
How Long Does Deposit Normally Take at Mixcoins?
Generally, transfers normally take 2-7 working days. After receiving the fund, it is immediately deposited into the user’s account.
How Long Does Withdrawal Normally Take at Mixcoins?
In the case of withdrawing funds, it varies for different countries. For EU & US members, it takes 2-3 working days. For HK & China, it normally completes within 2 hours. And, for users in other parts of the world, it requires 2-5 working days.
How Does Limit Order Works at Mixcoins?
At Mixcoins, If you place a limit order the system searches the order book for a direct match and if the match is found then the order is completed. And if not the limit order is added to the order book until other users place a matching order.