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Kc  · 09/01/22

MCB coin - Where to buy and trade (KYC or without KYC)

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MCB coin is the token of MCDEX. MCDEX is the DEX for anyone who wants to trade perpetual contracts. They developed their own AMM technology that makes it easy for you to get going.

MCDEX is fully-permissionless so your trades are always safe and confidential. The DEX is built on Binance Chain and Arbitrum.

The MCDEX project is backed by a long list of well known firms, including Alameda Research, Fenbushi Capital and DeFiance Capital.

Where to buy MCB coin for fiat

Buying MCB coin directly for fiat will need you to get KYC verified. There’s a couple of exchanges that list MCB and let you buy it for fiat, the largest one is FTX.

FTX.com has two MCB coin markets - one denominated in USD and one MCB perpetual swap market, the MCDEX perps.

Binance and Bitfinex don’t list MCB.

MCB coin staking

There are three ways to earn rewards in MCB coin. At the moment, when the project is new, you get rewarded for opening positions on MCDEX. You can also collect staking rewards though, MCB is a staking coin.

You can stake as little as 0.01 MCB. Here is a step-by-step tutorial on trading mining of MCB.

Where to buy MCB coin without KYC

Unsurprisingly, MCB coin is not available in the USA sister platforms of neither Binance nor FTX. If you are in the United States and want to buy MCB coin, you will need to do the two-step process.

First buy BNB on any exchange that lets you and then trade it for MCB coin on MCDEX app directly.

MCDEX restricts the citizens of the following countries: Antigua and Barbuda, Algeria, Bangladesh, Bolivia, Belarus, Burundi, Burma (Myanmar), China, Cote D’Ivoire (Ivory Coast), Crimea and Sevastopol, Cuba, Democratic Republic of Congo, Ecuador, Iran, Iraq, Liberia, Libya, Magnitsky, Mali, Morocco, Nepal, North Korea, Somalia, Sudan, Syria, United States, Venezuela, Yemen, Zimbabwe.

Where to trade MCB coin

If all you want to do is speculate on the price of MCB coin, then you will probably want to make an account at FTX. FTX has the industry’s lowest trading fees. Anyone opening a new FTX account pays just 0.02% for limit orders and 0.07% for market orders on spot or derivative markets. You may also add 5% referral code savings, as well as exchange token savings if you decide to hold FTT. Use FTX referral code altcointrading.

Phemex, LATOKEN and Bitforex do not list MCB.

Crypto wallets that support MCB coin

MCB coin can be stored in Metamask or in Trust wallet.

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