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How to Use Mandala Exchange: Guide and FAQs for Newbies

Mandala Exchange is a leading digital currency trading platform that offers the largest liquidity pool worldwide. If you want to dip in the trading world or want to try out a new and more advanced way to invest and trade, Mandala will make a remarkable option.

Trade hundreds of digital assets in a single and easy-to-use platform. Here’s everything you need to start investing and trading a wide range of cryptocurrency products in the Mandala Exchange.

Why Trade in Mandala Exchange?

Trading cryptocurrency is not as easy as you might think, although it can be a lucrative business. It has its rewards and risks, and there are some important factors you need to consider before you start trading. Among the critical factors for any trader is choosing a platform that offers the best benefits, tools, and opportunities to make successful trades.

There are countless exchanges out there, but Mandala offers the deepest and most reliable platform for both newbies and expert traders. Check out some top reasons why trading in Mandala is a remarkable option.

  • Compliance

One of the top priorities of the Exchange is compliance. It’s a well-regulated global digital asset exchange that operates under the highest legal and regulatory standards. You can ensure your asset’s safety and security in the platform. Plus, Mandala is the first SEC-compliant exchange in the market.

  • Security

Binance is among the top, established, and largest cryptocurrency exchanges today based on the trading volume. Binance Cloud powers Mandala Exchange, ensuring cutting-edge security within the platform.

  • Liquidity

With Mandala’s partnership with Binance Cloud, the Exchange can also offer Binance’s wide range of liquidity. Thus, you can expect the largest liquidity pool when using the platform. You can trade and invest hundreds of digital assets in Mandala.

Step-by-Step Guide on Creating Your Mandala Trading Account

If you’re confident enough to take advantage of the world’s largest liquidity pool, it’s time to set up your account with Mandala. The process is simple and quick, and once done, you can start trading your preferred digital assets.

  1. To register for an account, first, go to the Mandala platform’s website.
  2. At the Homepage, click the ‘Register’ button on the top right.
  3. Enter the required information, your email, and password, including a referral ID if applicable.
  4. After filling in the required fields for sign-up, click on the green ‘Register’ button at the tab’s bottom.
  5. You will receive an email with instructions to verify your email address. Follow the steps to finish signing up.

After verifying your email address, you can go back to Mandala’s website to sign in and start using the platform.

Trade Anywhere Anytime with Mobile Apps

Connect to the crypto markets whenever and wherever you are. You can trade at Mandala Exchange anytime and anywhere, with its mobile apps available for download. You can access the platform to track your assets or start buying or selling cryptocurrencies 24/7 in a clean and simple mobile interface.

The new Mandala mobile app is available for Android and iOS devices.

Invite Friends and Earn Up to 10% Commission

Besides buying and selling digital currencies, there are many ways to profit in Mandala. Invite your friends and other traders on the platform and earn cryptocurrencies together.

It is one of the perks of trading in Mandala, plus it’s simple to accomplish.

  1. Generate QR codes and referral links once you register for an account on the platform.
  2. Share your referral to others using your unique QR or link, whether through message, email, social, or your website.
  3. Start earning commissions from trading fees every time your referrals make a trade.

You can get as much as 10% commission for every trade your invitee makes on the platform. There’s also an option to share up to 5% of your commission with them.

Mandala Exchange FAQs

If you have questions about the Mandala Exchange, how it works, and its benefits, check out some of the frequently asked questions below.

  • How can you deposit tokens to Mandala Exchange?

To deposit tokens or coins to the Exchange, you’ll need to have a compatible cryptocurrency wallet. Wallets and networks are available depending on the types of tokens or coins you want to transfer.

  • What is the MDX token?

Mandala token or MDX is the native and utility token offered by the Mandala Exchange. You can use it for various trading functions such as trading competitions, exotic order types, lifting fees, access to trading bots, and fiat onramp.

  • Can you buy an MDX token using cash?

Yes, you can buy MDX using our Indacoin Integration HERE.

Alternatively, you can buy the token right on the Exchange, but it only accepts payments made using Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

  • Can you use the Mandala platform from your country?

You can find a complete list of restricted countries HERE.

  • How can I receive fee rebates?

One of Mandala Exchange’s perks is lower trading fees, primarily thanks to its trading fee rebates. You can receive rebates once you lock in a minimum amount of MDX for a required 30-day period.

The number of rebates you can get will depend on your locking balance, which is 0.01% for a minimum of 20,000 MDX tokens, 0.02% for 40,000 MDX, 0.03% for 80,000 MDX, and so on.

Your account will receive the rebates as credits on a rolling 30-day period based on your locking date. You can also choose to receive USDT or MDX for your rebate payouts.

  • How much are the withdrawal fees?

Withdrawal fees in Mandala vary depending on what assets you have or want to withdraw. For example, the minimum withdrawal of 0.01 ETH requires a 0.005 ETH transaction fee and 0.0005 BTC if you withdraw a minimum of 0.001 BTC from your account.