Mcxnow.com Review

Mcxnow.com Review: 3.5 Star

Mcxnow is a Scryptcoin exchange site. The site is good for people getting use to scyptcoin exchange but the site is a little more complicated to understand because of the nature of having lots of math involvement to calculate profits and gains with there interest for deposits which if you are trying to keep a close record of earnings and losses, you have to calculate your interest of every 6 hours and the flat 0.25% fee for trades. The site overall is great and has lots of coins to be exchanged.

Here is a small list of tradable coins. That mcxNOW allows users. The site is easy to learn is you get to see all the features and play around with the site before really doing any serious deposits ad transactions.

The chat room on the site are bad because the Moderator is more of a ass on the site and has banned me for posting a link. But the Sites exchange is all good and got 3.5 from our team review station.

• Are there administrators that can access my account?

No, all users have the same privilege and there are no admins for the site so any error on sending or selling wrong quantity of coins are final.

• How do I earn interest at mcxNOW?

Interest at mcxNOW is earned simply by holding a balance of any or all available currencies. There is no "investment" like with mcxFEE Shares -- where you have to own MCX -- you just deposit into your account at mcxNOW and hold a balance! ALL users of the exchange get interest.

• So I can earn a % of ALL the fees collected by the exchange?

Yes! There is a separate calculation for each currency. If you deposit LTC for example, you will only gain interest on the LTC fees generated. Keep in mind that all coins are paired with BTC on the exchange, so every trade generates BTC fees.

• Is interest paid in BTC or some other currency?

Interest is paid in the same currencies as your balances. If you only hold one currency, say MNC, you will only earn interest on your MNC balance and you will be paid in MNC. This is true for each currency on the mcxNOW exchange: hold a balance & earn interest on that balance. (Interest is not earned on mcxFEE Share balance, as MCX is not a currency.)

• Do I have to trade currencies to be eligible for interest?

No. It's currently not necessary to trade to earn interest. Open order amounts count towards your total balance, so you are free to place orders and still earn interest on your total currency balances. Currently, the only requirement is for you to hold a balance at the time of interest payments.