MDEX (MDX) is an automated market making (AMM) decentralised trading protocol. Launched in January 2021, it operates on the concept of fund pools and strives to provide a high-performance DEX ecosystem.
Essentially, MDEX users can increase their returns on the platform by using a dual-chain model of liquid and transaction mining. The model is based on the Ethereum network and the Huobi Ecological Chain (HECO), enabling it to offer considerably low fees and deep liquidity. This means users can swap currencies between Ethereum, HECO and BSC all through the MDEX bridge. MDEX also has a repurchase and burn program funded by it’s transaction fees.
To buy MDEX, sign up with Swyftx today.
The best place to buy Mdex is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Mdex (MDX). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of MDX is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Mdex with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy MDX instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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This should not be used to make investment decisions.
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