Bitaigen Research By examining platform background, fee advantages, exchange coverage, and other dimensions, we systematically outline the tradable channels for MX (formerly known as “Matcha Coin”) and explain the selling process on the MX exchange. With this article, readers can quickly grasp the key points of the platform selection, aiding clearer decision‑making during actual operations. Detailed steps and precautions follow, and the content is worth a careful read.
The MXC Exchange (English name: MXC) is a digital‑currency trading platform registered in Singapore. It offers a wide selection of tokens, and its per‑trade fee is 0.20 %, slightly below the industry average of roughly 0.25 %, giving it a competitive edge on cost.
MX can be bought and sold on MEXC Global, Huobi Global, ZT, Hoo, Jubi, and other mainstream exchanges, allowing users to complete transactions directly on those platforms.
Overview of MXC Exchange
MXC was founded by a consortium that includes Wall Street veterans together with seasoned quantitative‑trading teams from Japan and Europe, alongside blockchain industry practitioners. Established as a decentralized, self‑organizing entity, the platform focuses on the exchange and transfer of blockchain assets. MXC launched in April 2018 and is headquartered in Seychelles. Its mission is to provide safer, more convenient, and smarter asset‑circulation services, aggregating high‑quality blockchain assets worldwide while integrating state‑of‑the‑art security technologies. The long‑term goal is to become a top‑tier global hub for blockchain assets.
MX Token (Platform Token)
MX is the native token of the MXC platform. The exchange returns 60 % of its fee revenue to MX holders in the form of dividends, while the remaining 40 % is used to buy back and burn MX until the total supply is reduced to 100 million tokens. The original issuance was 1 billion MX. By April 2020, 40 million MX had already been repurchased and burned, leaving a circulating supply of roughly 270 million tokens.
Where Can MX Be Traded?
The following platforms all support MX trading; users may select the exchange that best fits their needs.
- MEXC Global
- Created by the same Wall Street, Japanese, and European quantitative teams, it offers secure and convenient asset‑circulation services.
- It aggregates high‑quality global assets, employs advanced security tech, and positions itself as a premier worldwide blockchain‑asset venue.
- Huobi Global
- The international arm of the Huobi Group, aimed at professional traders worldwide, providing trading and investment services for more than 40 digital assets.
- Headquartered in Singapore, it operates independent centers in Singapore, Hong Kong, South Korea, Japan, etc., with industry‑leading technology, risk‑control systems, and customer support.
- ZT
- Offers global users high‑security, bank‑grade risk‑control digital‑asset trading and derivatives services.
- Supports 24/7 trading of Bitcoin, Ethereum, Litecoin, EOS, AE and other assets, achieving a matching speed of 130,000 orders per second, and provides instant OTC “seconds‑to‑deposit/withdraw” services.
- Hoo (Hoo.com)
- An innovative international blockchain‑asset platform under the Hoo Group, headquartered in the Cayman Islands, focused on discovering high‑quality innovative assets.
- Possesses capabilities in public‑chain development, cross‑chain technology, and security risk management, delivering safe and efficient asset services to millions of users worldwide.
- Jubi
- Founded in 2013, Jubi is one of the earliest global exchanges and ranked first in worldwide trading volume in 2017.
- Acquired by Singapore’s Uniweb Group in 2020 and granted a regulatory exemption by the Monetary Authority of Singapore, it now strives to provide secure, compliant, and efficient cryptocurrency trading within a regulated framework.
How to Sell MX on an Exchange
To sell MX on any of the exchanges listed above, follow these general steps:
- Register and Complete KYC
- Most platforms require users to finish identity verification (Know‑Your‑Customer) to satisfy regulatory obligations.
- Deposit MX
- Generate an MX deposit address from the platform’s wallet and transfer the MX you hold to that address.
- Place a Sell Order
- Choose either a market order (executed instantly at the best available price) or a limit order (executed only when the market reaches your specified price). Enter the amount you wish to sell and confirm.
- Withdraw Fiat or Other Digital Assets
- After the trade settles, you can withdraw the received fiat currency (e.g., USD via SEPA or SWIFT) to your bank account, or transfer other cryptocurrencies to an external wallet.
Note: Crypto‑related gains may be subject to taxation in your jurisdiction. Users should consult local tax regulations or a qualified tax professional to ensure compliance.
The above outlines the primary trading channels for MX and the basic procedure for selling MX on an exchange. For more information about MXC Exchange, feel free to explore additional articles on Bitaigen (比特根).
Related Reading
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- Is MXC (Tea) Exchange Safe? In‑Depth Review of Security & Reliability
- MX Token (MEXC) Outlook: Platform, Mechanics & Risks
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