M2 Cryptocurrency Exchange Review – Features, Pros, Cons & Rating
Overview of M2 Crypto Exchange
M2.com launched its crypto exchange platform in 2023, becoming one of the first fully regulated crypto exchanges in the Middle East. This move was a response to the increasing interest and demand for cryptocurrencies within the UAE and the wider region.
M2 Crypto Exchange is designed specifically for investors within the United Arab Emirates. The platform focuses on providing crypto trading, custody solutions, and an over-the-counter (OTC) desk for large-volume transactions.
Licensing and Regulation
M2 Crypto Exchange operates under strict regulation by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), ensuring secure trading for UAE residents. Both (M2 Limited, reg. no. 220090) and the custody arm (M2 Custody Limited, reg. no. 220130) are fully authorized by the FSRA.
M2 Exchange Review – User Experience and Customer Support on M2 Crypto Exchange UAE
Account Setup and Verification Process
M2 Crypto Exchange offers a streamlined account setup and verification process, enabling users to register and verify their identities efficiently. The platform’s adherence to Know Your Customer (KYC) requirements ensures a secure and compliant onboarding experience for new users.
Security Features
M2 prioritizes security with several measures:
- Proof of Reserves: They provide transparent proof of reserves audited externally.
- Cold Storage: Majority of client assets are stored in cold wallets, enhancing security against online threats.
- Insurance: There’s comprehensive insurance coverage against theft and cyberattacks.
- Advanced Security Technology: Utilizing MPC-CMP and hardware security modules to eliminate single points of failure.
Trading and Financial Services
- Crypto Trading: Includes order book, spot, futures, and OTC trading.
- Crypto Earnings: Features such as on-chain staking, off-chain yield, and advanced yield products.
- Crypto-Based Finance: Offers services like crypto-backed loans, payments, and tokenized equities.
- Stable Coin: M2 provides a USD-denominated stable coin, fully licensed and collateralized.
Special Features
- MMX Token: An exchange token that can enhance deposit and loan rates through its buy-and-burn mechanism, providing additional benefits like free withdrawals and access to special launches.
- M2 Ventures and Launchpad: These platforms support innovative crypto projects and offer investment opportunities.
User Experience
M2 is designed with a focus on user experience, providing a friendly interface that supports both new and experienced traders. Customer support is available to assist with any issues, ensuring a smooth operation.
M2 Earn
M2 Earn feature allows users to earn interest on their crypto holdings. They offer both fixed and flexible plans with fixed plans offering a higher APY than flexible plans. The highest APY offered is 12.00% for Tether (USDT).
Other supported cryptocurrencies include:
| Cryptocurrencies | Fixed Plans | Flexible Plans |
|---|---|---|
| Tether (USDT) | up to 12.00% APY | up to 10.00% APY |
| Bitcoin (BTC) | up to 10.50% APY | up to 3.10% APY |
| Ethereum (ETH) | up to 10.50% APY | up to 3.00% APY |
| The Sandbox (SAND) | up to 10.10% APY | up to 4.40% APY |
| ApeCoin (APE) | up to 10.10% APY | up to 4.40% APY |
| Ripple (XRP) | up to 9.00% APY | up to 4.40% APY |
| Chainlink (LINK) | up to 9.00% APY | up to 2.70% APY |
| Tron (TRX) | up to 9.00% APY | up to 2.70% APY |
| Curve DAO (CRV) | up to 8.10% APY | up to 4.00% APY |
| Avalanche (AVAX) | up to 7.70% APY | up to 2.20% APY |
| Filecoin (FIL) | up to 7.60% APY | up to 4.40% APY |
| PancakeSwap (CAKE) | up to 6.60% APY | up to 2.70% APY |
| AAVE (AAVE) | up to 6.10% APY | up to 0.90% APY |
| Chiliz (CHZ) | up to 6.10% APY | up to 1.30% APY |
| Solana (SOL) | up to 6.00% APY | up to 3.00% APY |
| Dogecoin (DOGE) | up to 5.60% APY | up to 1.80% APY |
| Shiba Inu (SHIB) | up to 5.10% APY | up to 1.30% APY |
| Polygon (MATIC) | up to 4.60% APY | up to 2.00% APY |
| Uniswap (UNI) | up to 3.10% APY | up to 0.80% APY |
| M2 (MMX) | up to 3.00% APY | up to 1.00% APY |
| BNB (BNB) | up to 2.80% APY | up to 0.60% APY |
Supported Cryptocurrency On M2 Crypto Exchange
M2 exchange currently supports over 37 different cryptocurrencies, tokens, and stablecoins. They constantly add new trading pairs and list new coins depending on the demand and trading volume.
Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USDC (USDC), Solana (SOL), BNB (BNB), Polygon (MATIC), Avalanche (AVAX), Tron (TRX), The Sandbox (SAND), Chiliz (CHZ), Curve DAO (CRV), PancakeSwap (CAKE), AAVE (AAVE), ApeCoin (APE), Ripple (XRP), Litecoin (LTC), Chainlink (LINK), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), Uniswap (UNI), Pepe (PEPE), Filecoin (FIL), M2 (MMX), Algorand (ALGO), FLOKI (FLOKI), Maker (MKR), Synthetix (SNX), Starknet (STRK), Compound (COMP), SushiSwap (SUSHI), Frax Share (FXS), Ethereum Name Service (ENS), yearn.finance (YFI), TRB (TRB), Balancer (BAL)
M2 Crypto Exchange Fees:
M2 Crypto exchange offers competitive trading fees compared to other crypto exchanges in the UAE. For spot trading, the maker fee is 0.10% and the taker fee is also 0.10%, which is lower than the industry average of 0.25%. In contrast, Binance, one of the largest crypto exchanges in the world, charges a maker fee of 0.10% and a taker fee of 0.10% for trades below 50 BTC per month. Another UAE-based exchange, BitOasis, charges a maker fee of 0.15% and a taker fee of 0.25%.
When it comes to futures trading, M2 Crypto exchange offers even more competitive fees. The maker fee is 0.02% and the taker fee is 0.04%, which is significantly lower than the industry average of 0.05% for both maker and taker fees.
Compared to Binance, which charges a maker fee of 0.02% and a taker fee of 0.04% for futures trading, M2 Crypto Exchange offers the same fees, making it an attractive option for futures traders in the UAE.
However, it’s worth noting that other UAE-based exchanges such as Rain and BitOasis do not currently offer futures trading. Overall, M2 Crypto exchange’s trading fees are competitive and can provide significant savings for active traders in the UAE.
| Virtual Asset | Minimum Withdrawal Amount | Withdrawal Fee |
|---|---|---|
| ALGO | 1 | 0.1 |
| AAVE | 0.15 | 0.073 |
| APE | 4.2 | 2.1 |
| AVAX | 0.5 | 0.05 |
| BAL | 4 | 2 |
| BNB | 0.01 | 0.0005 |
| BTC | 0.001 | 0.0005 |
| BCH | 0.01 | 0.0005 |
| BLUR | 45 | 20 |
| CAKE | 0.048 | 0.024 |
| CHZ | 100 | 50 |
| COMP | 0.25 | 0.125 |
| CRV | 13 | 6.65 |
| DOGE | 100 | 10 |
| ETH | 0.01 | 0.0035 |
| ENS | 1 | 0.5 |
| FIL | 0.5 | 0.1 |
| FLOKI | 100,000 | 50,000 |
| FXS | 3 | 1.5 |
| LINK | 5 | 0.78 |
| LTC | 0.1 | 0.001 |
| LDO | 8 | 4 |
| PEPE | 3,000,000 | 1,500,000 |
| MATIC | 19.44 | 9.72 |
| MATIC | 10 | 3.5 |
| MKR | 0.01 | 0.005 |
| MMX | 50 | 8 |
| SNX | 5 | 2.5 |
| SAND | 19 | 9.75 |
| SHIB | 790,000 | 400,000 |
| SOL | 0.12 | 0.01 |
| STG | 30 | 15 |
| STRK | 10 | 5 |
| SUSHI | 15 | 6.5 |
| TRB | 0.3 | 0.15 |
| TRX | 150 | 15 |
| UNI | 6 | 0.95 |
| USDC | 50 | 8 |
| USDT | 50 | 8 |
| USDT | 6 | 2 |
| YFI | 0.0025 | 0.00125 |
| XRP | 30 | 0.25 |
Market Position and Innovations
M2 integrates cutting-edge technologies and strategic partnerships to offer competitive returns and low-risk investment opportunities. Their systematic trading and collaboration with BTC miners provide diversified revenue streams.
M2 OTC Desk
M2 OTC Desk Service is designed for users looking to trade large volumes of cryptocurrencies privately using off-exchange liquidity. This service caters to high-volume traders and institutional investors by offering tight spreads, deep liquidity, and instant execution.
Here’s a quick breakdown of the M2 OTC Desk Service:
- Tailored for large trades: Ideal for users who want to trade significant amounts of cryptocurrencies without impacting market prices.
- Off-exchange liquidity: Trades occur outside the traditional exchange environment, potentially offering more flexibility and control.
- Tight spreads: The difference between the buy and sell price is minimized, ensuring users get competitive rates.
- Deep liquidity: M2 boasts ample resources to handle substantial buy and sell orders.
- Instant execution: Trades are completed swiftly, minimizing exposure to market fluctuations.
To use the M2 OTC Desk Service, you’ll need to set up an OTC account and discuss your trade requirements with a designated M2 trader through a chat interface. Once the trade details are finalized, you can proceed with settlement and receive your crypto.
Team and Leadership
The leadership team at M2 consists of industry veterans with extensive experience in the finance, crypto, and technology sectors, which is a strong indicator of the platform’s robust strategic direction and operational expertise.
Customer Support Options and Responsiveness
M2 Crypto Exchange provides responsive customer support through various channels, including live chat, email, and a comprehensive knowledge base. The exchange’s dedicated support team is readily available to assist users with inquiries, technical issues, and account-related concerns.
Conclusion
In conclusion, M2 Crypto Exchange stands as a reputable and reliable cryptocurrency exchange in the UAE, offering a secure, compliant, and user-centric platform for virtual asset trading. With its robust security measures, diverse cryptocurrency offerings, regulatory adherence, and exceptional user experience, M2 Crypto Exchange continues to play a pivotal role in shaping the UAE’s virtual asset landscape.
Frequently Asked Questions – FAQs
How do I buy Bitcoin in the UAE? – Dubai
Create an account on M2.com, complete the KYC Process, and deposit funds using a Bank account.
Note: M2 caters exclusively to UAE residents. Once your deposit request have been processed you can go ahead and place your order.
Is M2.com Crypto Exchange Legit?
M2 is a regulated digital asset custodian with a Digital Assets Business license from the Securities Commission of Bahamas (SCB) and a Financial Services Permission from the Abu Dhabi General Market (ADGM). This suggests that M2 operates with a high level of security.
M2 Crypto Exchange Fees
Maker Fees: Makers, or traders who provide liquidity to the order book by placing limit orders, enjoy lower fees. The maker fees on M2 range from 0.10% to 0.15%, depending on the user’s trading volume and account status.
Taker Fees: Takers, or traders who remove liquidity from the order book by placing market orders, are typically charged higher fees. The taker fees on M2 range from 0.15% to 0.25%, based on the user’s trading volume and account status.
Volume-based Discounts: M2 offers discounted fees for traders with higher trading volumes. The more a user trades, the lower the fees become, incentivizing active trading on the platform.
What is M2 Exchange Crypto Token
Native Token of the M2 Exchange: MMX is the core digital asset of the M2 ecosystem. MMX is designed to provide holders with various benefits within the M2 exchange, such as Discounts on trading fees Access to exclusive products and services Potential staking rewards.
