Maicoin

Maicoin

Maicoin
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Volume 24H: n/a

Maicoin is a Taiwanese trading platform that allows its users to make deposits with cash at convenience stores and integrates ATM transfers and online banking to its exchange. They aim to simplify the process of acquiring, holding, and spending cryptocurrencies on real-world goods and services. There are no age or nationality restrictions on Maicoin, so anyone can apply for a free account.

Maicoin offers a simple and clean user interface. Functions are limited and there are only a few crypto coins available for exchange. The exchange platform is dedicated to serving Taiwan and its surrounding area. Transactions are slow but easy to make for any level of user.

Crypto Currencies Support

Traditional Currency Support

  • Brunei Dollar (BND)
  • Cambodian Riel (KHR)
  • Euros (EUR)
  • Hong Kong Dollar (HKD)
  • Indonesian Rupiah (IDR)
  • Japanese Yen (JPY)
  • Laotian Kip (LAK)
  • Malaysian Ringgit (MYR)
  • Philippine Peso (PHP)
  • Singapore Dollar (SGD)
  • South Korean Won (KRW)
  • Thai Baht (THB)
  • US Dollar (USD)
  • Vietnamese Dong (VND)

Language Support

  • Chinese
  • English

Country Support

  • Most of Asia

Platforms Systems

  • Web Interface

Stock Market Options

Interface
customisation:

  • Allows customization of charts

Advanced
Options:

  • Limit Order
  • Market Order

Maicoin security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
No
Funds Insured
No

Maicoin was founded by Alex Liu, a Stanford University graduate and one of the key figures who worked for Siemens, Samsung, and Qualcomm. The company provides digital assets (BTC, ETH) brokerage and custodial services focused on the Taiwanese market and has operated profitably since 2014.

Summary:

As the company is mainly focused on the Taiwanese market, the flexible deposit and buy/sell functions work only for Taiwan-based users. Maicoin's standout feature is its support for Bitcoin deposits at ATMs and at any of the Hi-Life local kiosks in Taiwan.

Ease of use
Intuitive
Transaction Fees
0.8% +, BTC ATM 0.60USD/Deposit
Deposit/Withdrawal Fee
It's free (fees may be hidden)
Deposit/Withdrawal Fee c For Bank Transfer
N/A
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
0.70USD/Deposit
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using 3rd party, Deposit using an ATM (Special BTC ATM), Withdrawl funds to bank account, Withdrawal funds through a third party, Withdrawal from ATM (Special BTC ATM), Send/Receive Crypto

Functionality:

The Maicoin platform has a daily trade limit of $16,000. The user's assets are stored on the Blockchain and all the transaction fees are incorporated in to the prices of the assets. Users can make cash deposits in Taiwanese Dollars at Hi-Life kiosks or buy Bitcoin at special ATMs.

Most common
customer complaint:

Expensive and/or slow transactions