Our Verdict
Mudrex is a cryptocurrency exchange platform that aims to make investing in cryptocurrency less risky and long-term such that ordinary users can benefit from wealth that may potentially be created via crypto investments.
For those looking to invest in specific theme-based cryptocurrencies, Mudrex is a good choice.
Mudrex
Maker Fees
0.25%
Taker Fees
0.25%
Coins
350+
Maker Fees
0.25%
Taker Fees
0.25%
Coins
350+
- Easy to use
- 350+ tokens supported
- Variety of educational and research materials
- Strong security measures
- Theme-based cryptocurrency baskets
- Personal assistance
- Lack of advanced trading features
- The UI, at times, takes longer to load
What Makes Mudrex A Good Choice
Mudrex offers expert-curated, theme-based crypto baskets known as “Coin Sets”. It is a secure way to get diversified exposure to cryptocurrency. Depending on any coin or token, performance can be risky; “Coin Sets” help investors mitigate that risk by integrating several coins under one systematically thematic format.
Mudrex is mainly aimed at novice traders who want to make their investment in safer cryptocurrencies. For instance, high market capitalization assets like Bitcoin, Ethereum, XRP, BNB and others.
Investors can start investing in Mudrex with a minimum amount of INR 100. They can transfer cryptocurrencies from any exchange to Mudrex for free.
Mudrex: Key Features
At present, Mudrex has nearly one million users with $10 million plus assets under management. Let us see the key features of Mudrex:
Coin Sets: Coin Sets are expert curated crypto baskets which are regularly rebalanced. Investors can buy baskets of cryptos across various themes like Crypto Blue Chip, BTC 50, ETH 50, AI tracker etc.
Vault: Investors can earn up to 10% on all deposited funds with minimum investments and no lock-in period by depositing in “Vaults”, which enable interest to be credited on a daily basis.
Security: Mudrex is a registered and regulated entity with FIU (Financial Intelligence Unit – India is an organization under the Department of Revenue, Government of India). It holds a virtual asset service provider (VASP) license in Lithuania, to serve the European market and is registered with Organismo Agenti e Mediatori (OAM) Italy to serve the Italian market. All user funds are insured by Lloyds of London, providing an additional layer of protection.
Mudrex: Pricing and Fee Structure
Mudrex maintains a transparent fee structures, making sure that the investors are aware of the prices associated with the services. By being transparent and upfront in stating the fees, Mudrex empowers users to make well-informed decisions about their investments. The below table states the different fee categories charged by Mudrex’s exchange:
How to Invest Via Mudrex
For investing via the Mudrex exchange platform, you need to follow these simple steps by opening an account on Mudrex:
Step 1: Download and install Mudrex on your preferred device.
Step 2: Type your mobile number and verify it.
Step 3: Enter the one-time password (OTP) received via SMS to proceed.
Step 4: Next, enter and verify your email address.
Step 5: To log in, set up a secure way.
Step 6: Complete your know your customer (KYC) verification.
(Choose your country and residence and then press continue. Verify your email address the same way you did your mobile number. Next, enter the required details of the permanent account number (PAN) and verify it. Same with the Aadhaar number and then take a selfie and enter your professional details like income and occupation and lastly, enter your bank details).
Step 7: Once your KYC verification is complete, you’re ready to make your first investment.
Methodology
To determine cryptocurrency exchange ratings, we assessed the features offered by the platform. To rank them we check whether they are easily accessible and are user-friendly.
Forbes Advisor India has a standardized format for analyzing a cryptocurrency platform, where we assess features like uniqueness, customer service, availability, educational resources, security and storage, staking and rewards and more.
While analyzing Mudrex, we considered factors such as:
Ease of Use: Mudrex is a user-friendly platform. You can deposit and withdraw funds and invest in cryptocurrencies smoothly.
Accessibility: The application is available on both the Android Play Store and the iOS Apple Store. You just need to download the application and install it.
Uniqueness: It has unique expert-curated crypto baskets. Investors can seamlessly invest in theme-based crypto baskets known as “Coin Sets”.
Fee Structure: They have maintained a transparent fee structure. They have mentioned the structure of their platform for users to make informed decisions.
Customer Service: Mudrex has a 96% customer satisfaction score. They are one call away and provide one-on-one expert support.
Educational Resources: They have educational resources available for beginners and also professional traders in the form of reading material via their blogs.