mixcoins Review 2018

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    Coins Avaiable
    197
    Accepted Countries
    1
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mixcoinsReview

Mixcoins is a cryptocurrency exchange that is based in London, UK. Their office is located at #35, Ivor Place, Lower Ground, London. They offer trading services for several types of cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum and Lisk against the U.S dollar. However, Mixcoins differs from other cryptocurrency exchanges in one aspect. Apart from cryptocurrency trading, they also offer investment management services through their arbitrage fund. Through the arbitrage fund, investors can earn a steady return of between 10% to 12% annually.

Contents

 

For trading the cryptocurrency market, Mixcoins offers a sophisticated web-based trading platform. The platform allows Mixcoins’ clients to trade in cryptocurrency pairs such as BCH/BTC, BCH/USD, BTC/USD, ETH/BTC, ETH/USD and LSK/BTC. The platform also comes with a comprehensive charting package where you can use the various integrated tools to display all the information that you need more details. The chart also supports multiple time frames. In addition, you can also view the market depth on the platform.

Apart from cryptocurrency trading, Mixcoins also offer you the opportunity to invest in their Mixcoins Arbitrage Fund (MCAF). The fund was established in 2013 and promises an annualized return of 10.96% to 12.96%. You have a choice of 3 currencies, Chinese Yuan (CNY), Bitcoin (BTC) and U.S dollar (USD). The MCAF works by using high-frequency trading to exploit the price differences between markets. By purchasing lower-priced bitcoins in one market and reselling them to a higher priced market automatically and at high speed, it is possible to make a small profit out of the transaction. The fund is classified as low risk and flexible as you are permitted to deposit or withdraw at any time. In addition, if you are a new investor, you will get a rebate of 0.1%. If you extend invitations to your friends to invest in the fund, you will stand to enjoy 50% of their earnings and 40% of their transaction fees.

mixcoins 1

Deposit and Withdrawal Options

Mixcoins wallets currently support Chinese Yuan and U.S dollar deposits as well as Bitcoin deposits. You deposit both Chinese Yuans and U.S dollars directly to your Mixcoins wallet by bank wire transfer. For Bitcoin deposit, you can send the Bitcoin to your Mixcoins wallet using your Mixcoins wallet address. The options for withdrawals are the same as for deposits except in reverse.

As for the supported countries, Mixcoins has no specific restrictions on any countries including the U.S.

Fees and Charges

The trading fees at Mixcoins are based on the Maker/Taker model and are as follows in the table below:

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%

For the withdrawal fees, Mixcoins doesn’t charge any fees for deposits and Bitcoin withdrawal. However, for USD and CNY withdrawals, the fees are based on tiered levels according to the points that you have earned.

VIP Level Required Points CNY Withdrawal USD Withdrawal
VIP0 0 0.4 % 1.5 %
VIP1 10000 0.38 % 1.5 %
VIP2 50000 0.36 % 1.5 %
VIP3 100000 0.34 % 1.5 %
VIP4 200000 0.32 % 1.5 %
VIP5 500000 0.3 % 1.5 %
MVP Fee Services 0.25 % 1.5 %

*You can earn these points by performing various actions such as logging in to your account, making deposits, and trading. Take note that for USD withdrawals, there is $20 handling fee on top of the withdrawal fees listed above.

Privacy and Security

To comply with regulatory requirements, Mixcoins require all their account holders to verify their accounts. Customers of the exchange are required to provide the following information for the verification process:

  • 2 Government-issued Photo IDs
  • Email address
  • Phone Number
  • Bank Statement
  • Proof of residential address

To ensure the security of their clients’ bitcoins, the funds are kept in cold storage that uses multi-signature technology. Additional layers of security including:

  • Constant Monitoring of the Mixcoins system for suspicious activities
  • Cryptographic security
  • operational security
  • System security

Customer Support

Customer support at Mixcoins is via an FAQ, email and instant messaging.

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Pros and Cons

Pros

  • Accepts USD and CNY deposits
  • Advanced trading platform
  • Have referral reward program
  • Opportunities to invest in arbitrage fund

Cons

  • Limited selection of cryptocurrencies
  • Relative high fees

FAQ

  • How long does it take for my deposits to be accessible for trading and investment?

Bank wire transfers normally take 2 to 7 business days to clear. Once the funds are cleared, they will be deposited directly into your Mixcoins account.

  • What are the withdrawal fees like?

The withdrawal fee is based on the currency and the points that you have accumulated. They range from 0.25% to 1.5%.

  • How long is the withdrawal process?

For members from China and HK, the process can be completed within hours. For European and U.S members, the process is around 2 to 3 days. For other parts of the world, the process is 2 to 5 days.

  • How much can I earn for referring my friends to invest in the arbitrage fund?

For each successful referral, you can earn up to 50% of your friend’s earning and 40% of his transaction fees.

Conclusion

Hailing a team of experienced professionals behind the exchange, Mixcoins offers a safe and secure trading environment for cryptocurrency traders to trade in bitcoins and other altcoins with the USD and CNY. They also offer an investment fund for customers to invest in.

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mixcoinsFeatures

Coins Available
  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Lisk
Accepted Countries
  • Australia
  • Cameroon
  • Chad
  • Dominica
  • Canada
  • Denmark
  • France
  • Greece
  • Haiti
  • Iceland
  • Libya
  • Mexico
  • Nepal
  • Belize
  • Romania
  • Cape Verde
  • Senegal
  • Sri Lanka
  • United Kingdom
  • Eritrea
  • Gambia
  • Indonesia
  • Lebanon
  • Angola
  • Bahamas
  • Benin
  • Malta
  • Chile
  • Ghana
  • Gibraltar
  • Serbia
  • Grenada
  • Guinea-Bissau
  • Tonga
  • Kenya
  • Finland
  • Namibia
  • Oman
  • Jamaica
  • Palau
  • Solomon Islands
  • Kyrgyzstan
  • Tunisia
  • Montenegro
  • Peru
  • Sweden
  • Trinidad and Tobago
  • Yemen
  • Bahrain
  • Belarus
  • Bulgaria
  • Colombia
  • Cuba
  • Cyprus
  • Algeria
  • Burkina Faso
  • Cambodia
  • Kuwait
  • Russian Federation
  • South Sudan
  • Saint Lucia
  • Tanzania
  • Turkey
  • Virgin Islands, British
  • Japan
  • South Korea
  • Malawi
  • Maldives
  • Netherlands
  • Botswana
  • Qatar
  • Saint Kitts and Nevis
  • Saint Vincent and the Grenadines
  • Slovenia
  • Sudan
  • Taiwan
  • Tuvalu
  • Uruguay
  • Malaysia
  • Moldova
  • Nauru
  • Vatican City
  • Papua New Guinea
  • Zambia
  • Andorra
  • Bolivia
  • Afghanistan
  • Congo
  • Cote d'Ivoire
  • Laos
  • Dominican Republic
  • Mauritania
  • Morocco
  • Egypt
  • Gabon
  • Uganda
  • Nigeria
  • Swaziland
  • Vietnam
  • Austria
  • Barbados
  • Bosnia and Herzegovina
  • Djibouti
  • Equatorial Guinea
  • Comoros
  • Estonia
  • Fiji
  • Ethiopia
  • Mali
  • Hong Kong
  • Ireland
  • Italy
  • Philippines
  • Macedonia
  • Poland
  • Sierra Leone
  • Madagascar
  • Vanuatu
  • Panama
  • Portugal
  • Samoa
  • Saudi Arabia
  • Timor-Leste
  • Albania
  • Burundi
  • Guinea
  • Iran
  • Armenia
  • Bangladesh
  • Belgium
  • Kiribati
  • Lithuania
  • Cayman Islands
  • Myanmar
  • Mongolia
  • Bhutan
  • Niger
  • Rwanda
  • Sao Tome and Principe
  • Slovakia
  • Czech Republic
  • Thailand
  • United Arab Emirates
  • Ecuador
  • Germany
  • India
  • Liberia
  • Liechtenstein
  • Luxembourg
  • Marshall Islands
  • Monaco
  • Mozambique
  • New Zealand
  • Pakistan
  • Togo
  • Uzbekistan
  • Venezuela
  • Zimbabwe
  • Antigua and Barbuda
  • Croatia
  • Argentina
  • Guyana
  • Kazakhstan
  • Lesotho
  • Central African Republic
  • Paraguay
  • Norway
  • San Marino
  • Spain
  • Suriname
  • Switzerland
  • Tajikistan
  • Guatemala
  • Honduras
  • Iraq
  • Mauritius
  • Nicaragua
  • Singapore
  • Somalia
  • Azerbaijan
  • Brazil
  • Brunei
  • China
  • Costa Rica
  • El Salvador
  • Georgia
  • Hungary
  • Israel
  • Jordan
  • Latvia
  • Micronesia
  • Seychelles
  • South Africa
  • Turkmenistan
  • Kosovo
  • Isle of Man
  • Ukraine
US Accepted
Yes

Payment Method

Deposit Options
Wire Transfer
Withdrawal Options
Wire Transfer
Company Information
Exchange DetailsInfo
Headquarters CountryUnited Kingdom
Typeexchange
Trading AllowedYes
Contact Information

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