This article will discuss Mudrex and its features and tools for automating cryptocurrency trading and investments.
Mudrex enables its users to customize strategies for trading, invest in designed coin sets, and manage their assets comfortably.
Due to its low charges, secure options, and mobile app, Mudrex has targeted rookie and experienced traders looking for alternative cryptocurrency trading strategies.
Read on to learn what distinguishes Mudrex from other tools for the crypto-enthusiast.
Introduction
Mudrex, with over 2 Million users on its platform, enables easy, fast, and trusted cryptocurrency buying, trading, and investing.
At Mudrex, they are dedicated to empowering users with advanced, secure, and user-friendly trading solutions.
Mudrex is a US-headquartered and Bengaluru-based fintech start-up launched in early 2018 with the vision of making crypto accessible to the masses so that ordinary investors can benefit from the massive wave of wealth creation.
Mudrex is a Series A funded startup backed by Y-combinator and funds like Village Global, Arkham Ventures, and Nexus Venture Partners.
Mudrex is a global crypto buying, trading, and investment platform designed to benefit retail investors by helping them earn better risk-adjusted returns in a volatile market in the long term.
Mudrex Exchange Profile
| Company Name | Mudrex |
| Categories | Cryptocurrency Exchanges |
| Website | https://mudrex.com |
| Year Founded | 2018 |
| Headquarters | Seychelles |
| Fiat Deposit INR | Zero |
| Fiat Withdraw INR | 1% + 18% taxes on the fee + 1% TDS |
| Mobile Support | Yes |
| Cryptocurrency Withdraw | 2% (minimum- $0.5; maximum- $10) |
How to Sign Up on Mudrex Exchange?
To create an account on Mudrex, one must follow these procedures:
Visit the Mudrex Site: Head over to the Mudrex website.
Click on ‘Sign Up’: Find and press the ‘Sign Up’ button, usually located at the upper right side of the page.
Provide Your Information: Type in your email and set a strong password; alternatively, you may skip this step and connect using a pre-existing Google account.
Confirm Your Email Address: They will email you asking you to click a link to confirm your Mudrex account.
Fill Out Additional Information: Enter any other required information, including your first and last names and country of residence.
Your Account Settings: Activate two-factor authentication (2FA) on your account.
Upon completion, you can commence using Mudrex for trading and investing purposes.
Mudrex Exchange Fees
Mudrex has different fees attached depending on the product offered. The basic and most basic basket option carries 1% of the total amount deposited as a monthly maintenance levy.
However, if they choose a premium plan, this fee decreases to 0.5%.
Algorithmic trading describes the different trading tools or types of indicators.
An artificial intelligence bot for trading establishes a fee for herself, for example, 2% per month from your capital.
The charge is made when you invest. For instance, if we invest $1,000, a fee of 2% will be charged monthly, that is $20 every month.
| Type | Fee |
|---|---|
| Fiat Deposit (INR) | Zero |
| Fiat Withdraw (INR) | 1% + 18% taxes on the fee + 1% TDS |
| Fiat Withdrawal (EUR) | 0.5% |
| Cryptocurrency Deposit | No Fee |
| Cryptocurrency Withdrawal | 2% (minimum: $0.5; maximum: $10) |
| Futures Trading | |
| Long/Buy | 0.1% |
| Short/Sell | 0.1% |
| Coin Sets | |
| Monthly Rebalancing | 0.25% to 1% |
| Coin Sets Investment | 0% |
| Coin Set Redemption | If redeemed after 1 month, it’s 0%; otherwise, 1% |
| Spot Trading | |
| Coins (Buy) | 0.25% |
| Coins (Sell) | 0.25% |
Is Mudrex Secure?
Mudrex developers highlighted security in the design of Mudrex. That is why Mudrex employs bank standard security features, including AES-256, to ensure that all personal and sensitive information is kept securely.
All of the API traffic is encrypted and uses SSL; it is TLS 1.2 that is used to avoid any interception of any connections by unwarranted persons.
They include making their accounts even more secure by turning on the 2-factor authentication option.
While it can be frustrating to authenticate each time you need to access your account, it restricts others from using it without verifying.
How Many Types of Trading Options Available
Mudrex provides multiple trading modes as follows;
Spot Trading: Users can conduct immediate transactions by purchasing and selling cryptocurrency to other traders or the exchange.
Futures Trading: A mode that lets a trader engage in leveraged trading with future contracts for cryptocurrency, whereby the trader can hold a long (buy) and short (sell) position on the future contract.
Coin Sets: One can invest in pre-set baskets of cryptocurrencies that are managed and rebalanced regularly to optimize risk and return.
Mudrex Exchange Features
Automated Trading
Provides tools to create and implement automated trading strategies with pre-existing or tailor-made algorithms, ensuring that the user can sell or buy assets on an uninterrupted basis around the clock without human involvement.
Low Fees
Reasonable and clear-away fees cover all the costs, such as no hidden fees for depositing the cryptocurrencies and low withdrawal, spot trading, and futures trading costs.
User-friendly interface
The platform has a simple design with proper distribution of information on the screen, which appeals to newcomers and professional traders.
Portfolio analytics
It provides the user with powerful analytical tools for portfolios, making controlling investments, performance, and activities possible to maximize favourable returns.
Security
It addresses security and risks involved by utilizing two factors: two-way authentication (2FA), encryption, and standards embraced by the industry.
Global access
It accepts various fiat currencies and enables cross-border members to trade and invest without encumbrances.
Education and insights
It improves users’ trading trading by providing different educational aids, insights, and market analysis soil for profitable trades.
Why Trust Mudrex
Trust is the cornerstone of Mudrex. They are recognized and featured by leading financial authorities like Forbes, the Economic Times, and Moneycontrol.
These partnerships affirm commitment to providing a trustworthy and robust trading platform.
The adherence to international compliance standards and transparent practices ensures your trading experience is safe and reliable.
Mudrex operates in complete compliance with local regulatory bodies such as the Financial Intelligence Unit (FIU) in India, Virtual Asset Service Provider (VASP) in the European Union, and Organismo Agenti e Mediatori (OAM) in Italy.
Mudrex Exchange Android & IOS Mobile App
You can trade easily on the Mudrex Exchange Android and iOS mobile app.
The intuitive app contains automated trading systems, portfolio management options, and immediate push notifications.
Users can conveniently deposit and withdraw cryptocurrencies and fiat currencies and make secure transactions using two-factor authentication.
The application even allows investors to manage the performance of Coin Sets. Therefore, performing crypto investment management tasks from anywhere and anytime is possible.
Founders
Meet the visionary behind Mudrex, whose passion for crypto sparked a revolution. They’re leading us on an exhilarating journey to make crypto investments accessible.
Mudrex Restricted Countries
Despite Mudrex being operational in several countries, there may be some limitations regarding availability in some regions. As of the most recent data, Mudrex is limited in the following nations:
Such restrictions are often geographical and are imposed for legal or internal policy reasons.
To learn about the most recent country-specific limitations, the best option would be the official site of Mudrex or the company’s support department.
Mudrex Customer Support
Mudrex has established customer support across multiple platforms, which encompasses the following:
Email Support: For problems, questions, and technical clarifications, Users can reach Mudrex support by email.
Help Center: Mudrex’s website has an organized Help Center with FAQs, instructions, and issue-solving sections to help with common issues.
Live Chat: Some users may get the opportunity to have live chat support from the platform for immediate concerns.
Social Media: Mudrex connects with its users through social pages so that users can get their accounts on Twitter and LinkedIn with updates.
The help support options embedded on the Mudrex interface or official channels will yield the best way to resolve the issues raised.
Mudrex Alternative Exchanges
Binance
With an excellent option of trading forms, a vast selection of coins, and low fees, beginners and expert traders love and enjoy this platform.
Coinbase
It allows beginners to learn and grow while providing various coins, simple procedures, and good security.
Kraken
It cIt covers almost every aspect of trading, providing multiple coins and trading pairs with advanced features and great protection.
Gemini
Renowned for its security and regulation fines, Gemini is a platform that provides users with decent digital currencies and basic forex trading.
eToro
It enables users to do cryptocurrency trading and social trading, whereby users can watch and imitate the trades of other users.
Conclusion
To summarize, Mudrex Exchange is quite distinct from the others because it has new features that the current exchanges do not possess.
Because of the platform’s automatic trading, ease of interface, and other investment opportunities such as Coin Sets, it caters to even novice traders.
The absence of high charges by the platform, security during transactions, and the complete mobile application add to the benefits of trading, and reaching many users in different countries is an advantage.
Mudrex may have some country limitations, but the platform is quite strong for those who want to take care of their crypto holdings more systematically.
