| Aspect | Information |
|---|---|
| Company Name | Mandala |
| Registered Country/Area | Malta |
| Founded Year | 2020 |
| Regulatory Authority | Unregulated |
| Numbers of Cryptocurrencies Available | 100+ |
| Fees | Taker fee 0.075%, maker fee 0.025% |
Overview of mandala
Founded in 2020, Mandala Exchange is a cryptocurrency exchange based in Malta. With an impressive offering of over 100 cryptocurrencies, including prominent assets like Bitcoin, Ethereum, Tether, and Binance Coin, it provides a diverse selection for traders. The platform boasts a substantial 24-hour trading volume exceeding $100 million. Mandala Exchange employs a trading fee structure of 0.075% for takers and 0.025% for makers.
Pros and cons
| Pros | Cons |
|---|---|
| Diverse Cryptocurrency Selection | Lack of Regulatory Oversight |
| Strong Security Measures | Potential Security Risks |
| Cryptocurrency Availability | Limited Payment Methods |
| Low Trading Fees | Possible Lack of Customer Support |
Security
Mandala Exchange takes security seriously and has implemented a number of measures to protect user funds. These measures include:
Cold storage: The majority of user funds are stored in cold storage, which means that they are offline and not connected to the internet. This makes them less vulnerable to hacking attacks.
Multi-factor authentication (MFA): Users are required to enable MFA, which requires them to enter a code from their phone in addition to their password, to log in to their accounts. This adds an extra layer of security.
Regular security audits: Mandala Exchange conducts regular security audits to identify and address any vulnerabilities.
Hacker bounty program: Mandala Exchange offers a hacker bounty program, which rewards hackers who find and report security vulnerabilities. This helps to keep the exchange safe from attack.
Cryptocurrencies Available
Mandala Exchange lists over 100 cryptocurrencies. The coin-listing speed is relatively fast, with new coins being added on a regular basis. However, the exchange does have a strict listing process that takes into account factors such as liquidity, trading volume, and project fundamentals.
How to open an account？
The registration process for Mandala can be summarized in the following six steps:
1. Visit the Mandala website and click on the “Register” button.
2. Enter your email address and create a password for your account.
3. Verify your email address by clicking on the confirmation link sent to your inbox.
4. Provide your personal information, such as your name, date of birth, and address.
5. Complete the Know Your Customer (KYC) process by submitting the required identification documents, such as a passport or driver's license.
6. Once your account is verified, you can start using the Mandala platform to trade virtual currencies.
Fees
Mandala Exchange charges a maker fee of 0.025% and a taker fee of 0.075% for cryptocurrency trading. The maker fee is charged when you add liquidity to the order book by placing a limit order. The taker fee is charged when you remove liquidity from the order book by placing a market order.
Here is a table of the trading fees for Mandala Exchange:
| Trading Fee | Tier |
|---|---|
| Maker Fee | 0.025% |
| Taker Fee | 0.075% |