Why Should You Use MCS?

Why Should You Use MCS?

Listing down top 5 reasons one should use MCS:

A. Customer Support:

They have an amazing customer support. From my own experience, even without creating an account, the team helped me out so well. I had committed a typo in Email ID while creating the account and hence was not getting the OTP. The team pointed out the mistake and corrected it from the backend all within 5 minutes of chat.

Apart from that, my friends who reached out to the support told me that it’s not the regular IT guys deployed there for supporting you. There are people who understand the nuances of trading and thus can guide you much more efficiently.

B. Maintenance Margin Rate:

For the uninitiated, the maintenance margin is the minimum margin required to hold a position, and the lower MMR means the better liquidation price for a trader. With the industry’s lowest maintenance margin (MMR), MCS offers the most favorable environment for traders in Bitcoin (BTC) perpetual contracts.

The MMR on key exchanges for BTC is 0.5% while on MCS is only 0.35%

C. On Demand Withdrawal:

MCS is the only exchange that allows withdrawal requests in real time. Most of the derivative exchanges would let you do that only once to thrice a day. This comes in really handy in some situations.

D. Settlement in BTC:

Generally contract products use USDT as a means of settlement. However, in MCS, all trades are settled in BTC. This also applies even if the contract is sold (terminated). This means that profit for the trader improves as BTC will grow in value. It is a valuable proposition for someone who plans to hold BTC for longer period.

On the other hand, USDT-based derivatives, which have been in the spotlight as stable, have the disadvantage of not being able to earn additional profits from the increase in the Bitcoin (BTC) price, and traders have to endure the loss of the exchange rate due to the depreciation of the US dollar, which is expected to accelerate in the future.

As of December 1, 2020, MCS currently has 14 bitcoin (BTC) settlement derivatives, which is the second largest in the world.

E. Fastest Growing Exchange:

If you decide to place your trust in BTC, you would not be the only one. MCS is number 17th on Coingecko in terms of last 24 hour trading volume. It is soon becoming a trading platform that suits the slogan of #Be_a_Trader by building a more favorable environment for traders.

Conclusion:

It is very important to evaluate the credibility of a product before using it. Especially in the crypto markets where rug pulls are a very common site. Therefore, a few top PR outlets that are talking about MCS are mentioned here for your perusal: Coingecko, Coincodex, Cryptoslate, Cryptowisser, Coinhills.

So what are you waiting for? Still got questions?

Let me know in the comments section below. If this article adds value to your life, please consider sharing it with your friends using the links below.

Until next time..

Btw, if you are a seasoned trader or just testing the waters with derivatives, here’s an exchange specifically meant for that. Head over to MCS using this link. Still not convinced? Join the vibrant community that is talking about MCS on Telegram, here.

Here’s a hidden secret for you: They are upcoming with exclusive community airdrops real soon. Make sure you join to reap it’s benefits.

For our beloved “non readers”, I also do quick carousels on these topics over Instagram. Come join the fun. Hit me up here.

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