Mandala Cryptocurrency Exchange Review : Pros & Cons

About Mandala

Mandala aims to be the most trusted digital asset exchange on the market. want users to trade cryptocurrency with confidence on an industry-leading exchange platform with access to the largest liquidity pool in the world. While sourcing digital assets from platform, want users to feel confident in the security of custodial wallets.

Through commitment to compliance, aim to push adoption of the digital economy with the leading regulatory bodies of the world. The intend to make Mandala a household name in the digital asset marketplace.

Information Table

How To Register At Mandala Exchange?

To register on PointPay , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your Mandala Exchange Cryptocurrency Account ?

There is no mandatory verification at Mandala Exchange , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of 0.01BTC. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Mandala Exchange, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Mandala Exchange Crypto Exchange?

There are two main options for topping up your balance on Mandala Exchange. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Bittylicious Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Mandala Exchange Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Withdraw Limit & Fees

Features Of Mandala Exchange Crypto Exchange

Security:

Mandala Exchange provides a secure platform to trade cryptocurrencies. It employs the latest security measures, such as multi-factor authentication and cold storage, to protect users’ assets.

User-friendly Interface:

The platform has a user-friendly interface that is easy to navigate, even for beginners. The platform offers a simple trading dashboard with all the necessary information in one place.

Low Trading Fees:

Mandala Exchange offers low trading fees of 0.1% for both makers and takers, which is much lower than many other cryptocurrency exchanges.

Wide Range of Cryptocurrencies:

Mandala Exchange offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many other altcoins.

High Liquidity:

The platform has high liquidity, which means users can easily buy and sell cryptocurrencies at market prices without facing significant slippage.

Advanced Trading Tools:

Mandala Exchange offers advanced trading tools such as order book, charting, and real-time market data, which helps traders make informed trading decisions.

24/7 Customer Support:

The platform offers 24/7 customer support through live chat and email to assist users with any issues they may encounter.

Overall, Mandala Exchange provides a secure and user-friendly platform for trading cryptocurrencies with low fees, high liquidity, and advanced trading tools.

Mandala Exchange Conclusion

Mandala Exchange is a reliable and user-friendly cryptocurrency exchange platform that offers a range of features to its users. With a focus on security, the platform employs the latest security measures to ensure users’ assets are safe. It also provides a simple and easy-to-use interface that is suitable for both beginners and experienced traders.

One of the significant advantages of using Mandala Exchange is its low trading fees, which are highly competitive compared to other cryptocurrency exchanges. Additionally, the platform offers a wide range of cryptocurrencies, high liquidity, and advanced trading tools, making it an excellent choice for traders looking to buy or sell cryptocurrencies.