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MAX Exchange
RankMAX Exchange
Name
Volume (24h)
Visits
Avg.Liquidity
No.Markets
Launched
Volume Graph
MAX Exchange
000
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Max Exchange is a digital asset platform developed by the Taiwanese company MaiCoin, and was launched in 2018. 

For the exchange, the advantages are security, a reliable API and a low commission. It offers spot trading of several cryptocurrencies for the local fiat currency TWD. To deposit or withdraw fiat currency, Max exchange customers must pass an identity check.

Like most exchanges around the world, the Max Exchange is not regulated, although the Taiwanese authorities have announced some plans in this direction. Following the recommendation of the central bank of Taiwan that anti-money laundering (AML) laws should apply to cryptocurrency, the country's Ministry of Finance confirmed that it will create cryptocurrency regulation based on existing AML practices.

Trading Characteristics

Founded by an experienced Maicoin team, the Max exchange has been operating for more than 3 years. It is an entry-level Taiwanese cryptocurrency service designed to meet the needs of local crypto investors. Trading on the Max exchange is relatively inexpensive.

Among the advantages of the exchange are::

  • A good trading platform

The trading web interface of this exchange is designed intuitively and seems pleasant. It has a functional order book, a market trading window and good charts.

  • Wallet Available

Max Exchange provides each user with an individual wallet.

  • Cash is accepted, local bank transfers are supported

One of the main advantages of this exchange is that it allows its customers to buy Bitcoin or other coins directly with the local fiat currency, the New Taiwan Dollar (TWD).

Payment can be made in regular stores (Hi-Life kiosk) or by bank transfer via ATM.

  • Mobile Support

This exchange is also available as a mobile app. It is available for free in the AppStore for iPhone or in Google Play for Android.

The disadvantages of Max Exchange can be considered:

  • The trade and exchange services provided by Max Exchange are only available to residents of Taiwan. The platform only works with local fiat currency, local banks, and a Taiwanese mobile phone registration is required to open an account. Its website explicitly states that MaiCoin does not check Chinese or other foreign numbers.
  • Although there are several coins listed on the Max Exchange, they cannot be exchanged for each other. Trading is carried out exclusively for TWD, the only base currency of the platform.
  • As we have already mentioned, the supply of cryptocurrency on the Max exchange is very limited. Its clients can only trade Bitcoin, Ethereum, Litecoin, Mithril (Taiwanese coin).

Max Exchange does not support margin trading, and does not provide leverage. 

Max Exchange Fees

The trading fee of this exchange for takers is 0.15%. This fee is below the industry average of about 0.25%. One of the advantages of this exchange is that the exchange also charges a very low fee from manufacturers, namely 0.05%. This contributes to increased liquidity on the exchange and is a strong aspect for this platform.

This exchange charges 0.0005 BTC for withdrawing BTC. This is also slightly below the industry average. The industry average commission for BTC withdrawals is 0.0008 BTC.

Safety

Like most crypto exchanges, Max Exchange also uses two-factor authentication (2FA), which can be easily activated at registration or at a later stage.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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