M2 Exchange is a platform that joined the cryptocurrency scene in 2023 as a regulated hub for a secure trading journey. This UAE-based platform promises low transaction fees, a user-friendly investment experience, and the highest levels of security.
M2 Exchange targets both institutional and retail clients for its services, which include spot trading, virtual asset custody, and AED trading.
There's a lot to learn about this crypto exchange, and you'll learn about it in this M2 Exchange review.
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M2 Exchange at a Glance
M2 Exchange is a cryptocurrency exchange that is made up of two parties: M2 Exchange Limited and M2 Exchange Custody Limited. Where M2 Exchange Limited is a multilateral trading facility, M2 Exchange Custody Limited is a custodian.
Since this crypto exchange is based in the UAE, it is governed by the Financial Services Regulatory Authority in the Abu Dhabi Global Market. Despite its location, M2 Exchange offers its services as an exchange to more than 150 countries worldwide.
M2 Exchange started business in 2023, and its founders, Stefen Kimmel and Bijan Alizadeh-Fard, show the quality of the team behind this brand. This is because Alizadeh-Fard is a co-founder of Phoenix Group, while Kimmel worked at Kraken and the Commercial Bank of Dubai in the past.
M2 Exchange allows users to trade more than 50 perpetual futures contracts and 50 verified crypto assets. When this product diversity is combined with advanced order types, users of this platform enjoy greater control over their assets. The native currency on this platform is MMX, which is the primary medium of exchange and offers enhanced earnings.
You can access the M2 Exchange on your computer or download its mobile app from the Google Play Store and Apple App Store. Based on the M2 Exchange ratings on the app stores, you can expect a seamless trading experience on the mobile apps.
M2 Exchange Features
There are many exciting features that have made many traders rate M2 Exchange as one of the best crypto exchanges 2024. So, in this section, we’ll be providing some insight into the M2 Exchange features.
Earn
This is a unique feature that allows traders to earn rewards or accumulate interest when they leave money in their M2 Exchange account. To start, you’ll need to open an Earn plan, where you can earn money through flexible and fixed plans.
The fixed plans offer up to 10.0% APR on USDT, 9.0% APR on BTC, and 8.0% APR on ETH. For flexible plans, USDT gets up to 4.0% APR, BTC gets up to 1.7% APR, and ETH is up to 1.5% APR. You can also use MMX Boost to maximize your returns from the Earn feature.
Convert
The M2 Exchange 2024 allows users to easily convert between two cryptocurrencies or other digital assets. It's a feature that facilitates easy transactions and makes it easier for traders to manage their portfolios.
Smart Spot
This is a smart trading feature that was created to enhance crypto trading with M2 Exchange supported assets. It offers flexibility in the trading process and guarantees the rapid execution of trades.
M2 Exchange offers four order types with their Smart Spot feature, and they are:
- Market: Allows traders to buy and sell at market price
- TWAP: Allows buying and selling at the market price over a specific period of time
- Limit: Restricts buying and selling to a specific price
- Dynamic: Passive or aggressive buying and selling automatically takes place based on market dynamics
Smart Features
The M2 Exchange user experience would be incomplete without futures trading for users who prefer speculative trades. With the Smart Features at M2 Exchange, anyone can participate in the market of speculating future price movements of crypto assets.
OTC
Eager to take things out of the exchange? M2 Exchange supports over-the-counter (OTC) trades on its platform, so you can instantly trade large volumes of cryptocurrency assets.
While engaging in private trade, M2 Exchange guarantees the safety of both parties involved with various security measures from Fireblocks. The traders also enjoy low spreads due to the deep liquidity of the digital assets on this site. The best part about all these benefits is that M2 Exchange demands no fees for its services.
Mobile App
If you’re on the go, you can enjoy seamless trading opportunities with the M2 Exchange mobile app. You’ll be aware of market developments and also get the chance to seize real-time opportunities with this app. With the secure authentication protocols on this app, users can look forward to a secure trading experience on mobile.
The M2 Exchange app supports multiple currencies, boasts a user-friendly design, and caters to both new and experienced traders. As this crypto exchange releases regular updates for the app, users enjoy a reliable mobile trading experience.
Payment Methods
This section of our M2 Exchange platform review will delve into the variety of payment solutions supported by this platform. As a crypto exchange, digital coins form the bulk of the payment methods at the M2 Exchange.
Besides cryptocurrencies, this platform also supports credit card and debit card transactions, along with bank transfers. While cryptocurrencies deliver near-instantaneously, credit cards, debit cards, and bank transfers could take a few days.
M2 Exchange Pros and Cons
It's important to understand the benefits and drawbacks associated with any crypto exchange before using its services. So, this section will outline the M2 Exchange pros and cons.
Pros
- User-friendly interface that appeals to newcomers
- Advanced technical indicators for a more accurate trading experience
- Numerous features that ensure traders make the best trading decisions
- Highly accurate technical indicators
- High APY (Annual Yield Percentage) on major digital coins
- Regulated by the Financial Services Regulatory Authority
Cons
- Limited capability to export data
- Limited capability of AI tools
- M2 Exchange is inaccessible in certain countries
- Limited range of cryptocurrency support compared to other crypto exchanges
Is M2 Exchange Safe and Reliable?
Yes, M2 Exchange is a safe crypto exchange, as it is governed by the Financial Services Regulatory Authority. As one of the strictest regulatory frameworks in the Abu Dhabi Global Market, a license from this authority shows the M2 Exchange compliance rate. So, you can rest assured that this crypto exchange is a legitimate platform.
To ensure that there are no security holes in its system, M2 Exchange undergoes regular audits by third parties. Customer funds are protected in cold storage and kept separate from the M2 Exchange platform’s funds. M2 Exchange also invests in MPC (Multi-Party Computation) cryptography and hardware isolation to secure user funds.
We’ve given you an overview of the M2 Exchange security; now it's time to tell you about its reliability. M2 Exchange takes customer support seriously and offers a range of channels that customers can use to reach out to support.
The first method is to submit a ticket regarding the problem you’re facing on the M2 Exchange platform. To make it easier for support to ascertain your issues, you need to select the category of the issue. Next, you enter a clear description of your problems and even provide a video or image attachment to support the description.
The next support option is to use the live chat channel, and you can only do this when you’ve been KYC verified. With the live chat support option, you get the advantage of real-time customer support.
Fees & Commissions
The next section of our M2 Exchange analysis is its price structure. Here, we’ll tell you the M2 Exchange trading fees and withdrawal fees to take note of.
Trading Fees
- Spot trading: 0.10% maker and taker fees
- Futures trading: 0.02% maker fee and 0.04 taker fee
Withdrawal Fees
The withdrawal fees at M2 Exchange differ based on the cryptocurrency in question. Below are the withdrawal fees for some cryptocurrencies on this exchange:
- Bitcoin: 0.0005 BTC
- Ethereum: 0.0035 ETH
- Binance Coin: 0.0005 BNB
- Litecoin: 0.001 LTC
- Ripple: 0.25 XRP
- Solana: 0.01 SOL
FAQ about M2 Exchange
Is M2 Exchange Still Trustworthy?
Yes, M2 Exchange is trustworthy, as the platform is governed by the Financial Services Regulatory Authority in the Abu Dhabi Global Market.
— M2 (@M2Exchange) August 24, 2024
Is M2 Exchange Good for Beginners?
Yes, M2 Exchange is a good cryptocurrency exchange for beginners. This is because the M2 Exchange interface is user-friendly and intuitive, the perfect combination to make any newbie feel at home. This exchange also offers guides that introduce new traders to its services and cryptocurrency as a whole.
Is M2 Exchange Better than Other Crypto-Exchanges?
M2 Exchange is better than many crypto exchanges out there. When you compare crypto exchanges, you’ll notice that M2 Exchange provides a user-friendly website, a decent trading program, and smart trading tools.
What Are the Disadvantages of M2 Exchange?
The disadvantage of the M2 Exchange lies in its geographical restriction, where users from certain countries cannot access the platform. It also supports a limited number of cryptocurrencies compared to other crypto exchanges. The AI tools and the data export functionality on the M2 Exchange can also use some improvement.
Is M2 Exchange Trusted among Crypto-Influencers?
Yes, crypto influencers trust M2 Exchange, as it’s a legitimate crypto exchange with many innovative features and a trustworthy license.
HODL Team
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