Matrixport Review

Matrixport Review

Daniel Chan

June 3, 2022

Cryptocurrency

What is Matrixport?

Matrixport is one of Asia’s fastest-growing cryptocurrency platforms, with a daily trading volume of over $5 billion. As a one-stop digital platform, Matrixport allows its users to buy cryptocurrencies, invest their assets, earn interest, take out loans, and trade digital assets.

Matrixport was founded in 2019 and is headquartered in Singapore, but it has 200 employees and various offices in 8 different countries. Designed by experts who have been involved in the crypto industry since its origins, Matrixport’s motto is “Get more from your crypto,” and they’re making that possible for their users by helping them put their assets to the right use.

  • Web Address: www.matrixport.com/en
  • Main Location: Singapore
  • Cryptocurrencies: BTC, ETH, USDC, USDT, DOGE, UNI and 10+ more
  • Fiat currencies: USD, EUR, GBP, AUD, CAD, JPY and more
  • Deposit Methods: Cryptocurrency, Visa/Mastercard, Bank Wire
  • Deposit Fees: Crypto deposits are free
  • Withdrawal Fees: Varies
  • Mobile App: Yes

My Overall Thoughts on Matrixport

Matrixport has definitely achieved its aim, which is to be a one-stop platform where users can perform all their crypto activities. I also found that Matrixport is a premium spot for users who are specifically looking for investment opportunities. The ability to use fixed crypto deposit accounts, flexible accounts, liquidity pools, DeFi protocols, and many other investment features make it possible for Matrixport users to earn much more than they might on other investment platforms.

1) Tons of investment services:  This is the aspect that attracts most crypto users to Matrixport, as they get the chance to grow their portfolio with the platform’s investment services. You can go with the simple investment options like flexible or fixed crypto accounts, or you can check out liquidity pools, DeFi protocols, and other available tools to find more opportunities.

2) Fee-less spot trading with leverage:  Matrixport offers a no-fee spot trading option so their users can trade all day long, and it even offers 5x leverage on their spot trading assets that you can use to multiply your earning potential. There are several tradable assets available on Matrixport that you can try your luck with.

3) Hassle-free loans with competitive rates:  Matrixport provides fuss-free loans that users can get instantly approved by providing collateral to the platform. Its rates are competitive, so borrowers can avoid hefty fees.

These excellent features notwithstanding, Matrixport will need to make some adjustments to comply with regulations in popular jurisdictions like the US and Canada if they want to attract more users. Additionally, some customers may find the app-only interface difficult to manage.

Key Features & Advantages of Matrixport

One great thing about Matrixport that almost every crypto geek will love is that they have brought every single thing to one place. Whether you want to purchase cryptocurrencies, trade them, borrow them, earn through them, or invest them, you can do it all at Matrixport without signing up on another platform. The simple and beginner-friendly design, quick registration, and ultimate security are just a few of the many things that Matrixport has done well.

The platform even offers promotional packages to enhance users’ experiences and help them get the most out of their assets. The name recognition, trading volume, and popularity of Matrixport speak for themselves, but if you’re looking for more concrete reasons to choose it as your crypto platform, consider the list below:

Negatives & Disadvantages of Matrixport

With all the benefits of Matrixport, you might find that it’s the perfect place to start your crypto journey, but there are some cons to the platform that you should keep in mind. They may or may not widely affect your experience with Matrixport, but it’s always worth it to evaluate the bad along with the good:

What Services Does Matrixport Offer?

Matrixport is a one-stop crypto platform that is integrated with a variety of features and functions and many ways for users to earn money, including earning interest, providing liquidity, or investing. The usual services, like purchasing crypto assets and trading them, have also been enhanced on Matrixport, and the whole experience is much easier and more efficient than on other platforms. Here’s more of what you can do on Matrixport:

Buy a variety of cryptocurrencies instantly:  Matrixport allows its users to purchase a variety of cryptocurrencies on their platform easily and almost instantly. Customers can use payment methods like bank wire and credit or debit cards to make their crypto purchases hassle-free and save time.

Not only that, but Matrixport supports a number of fiat currencies, making it possible for buyers to purchase cryptocurrencies with their local currencies and avoid the conversion fees.

With Matrixport, you won’t have to worry about waiting for hours or paying hefty fees to third-party merchants— you can grab the crypto assets you want instantly.

15+ popular crypto assets to choose from:  There are more than 15 popular cryptocurrencies available on Matrixport that you can instantly purchase, trade, or invest in their available options. They include BTC, ETH, SHIB, DOGE, and a few more recognizable names.

With so much variety available, you can easily diversify your portfolio and divide the risk accordingly. As most of the assets available on Matrixport are popular, you also won’t have to worry about rug pulls or scam projects.

The variety also allows you to explore your options so that you can make the most beneficial decisions when investing, trading, or simply buying the assets.

Earn up to 30% fixed interest rate on assets:  With Matrixport, users can earn up to a 30% fixed annual interest rate on stable assets. The interest rate for alts and BTC/ETH pairs varies depending on the allocation, but users can find great deals.

Returns of up to 30% would allow you to grow your overall portfolio much quicker and let your idle assets make actual money for you. Users also get the option to go with a flexible savings account where they can withdraw their assets as per their preferences (but at the expense of compromising on the yearly returns).

Many popular crypto platforms offer only up to 10% returns on stable assets, whereas Matrixport has maximized the returns for their users in the best way possible.

Take out loans with competitive rates:  Matrixport offers loans with competitive interest rates to their users who are willing to provide collateral to the platform. Matrixport also claims to provide instant approvals and hassle-free procedures to benefit their users even more.

What’s more, your first-ever loan on Matrixport is interest-free, so you don’t have to worry about the interest at all. The transparency, competitive rates, and flexibility allow users to borrow assets right away and start spending them without any restrictions.

Android and iOS mobile apps:  One of the most important pillars of Matrixport is their mobile application, which is available for both Android and iOS devices and gives users access to every action and activity Matrixport has to offer.

On the app, you can easily access your portfolio and all the crypto features right from your pocket. You can purchase, invest, trade, or borrow with ease no matter what time it is or where you are. This is crucial for users without regular access to a computer.

Earn money by providing liquidity to pools:  Matrixport also provides the option for their users to earn APY by providing liquidity to the pools affiliated with the platform.

Matrixport helps their users access high-quality DeFi projects in which they can provide liquidity and earn up to 25% APY through different pools and assets.

Rather than investing in a single product, you can maximize your earning potential by exploring options like DeFi protocols and liquidity pools offered by Matrixport.

24/7 instant trading with zero fees:  Traders on Matrixport can spot trade a variety of assets all day long without any interference. The platform even provides the option to leverage trade and earn more than they potentially could with their initial investment.

The benefit of trading with Matrixport is that the platform charges no trading fees. Users are even provided with 5x leverage on all the available assets, and they can go with leveraged bull or leveraged bear as per their evaluation.

With this feature, you don’t have to worry about paying a steep commission to the platform every time you open a trade. You can save your money and time and multiply your potential by trading with Matrixport.

Bank-grade security:  Matrixport provides bank-grade security to their users to protect their funds 24/7. They also claim to employ an industry-leading qualified custodian to further ensure the integrity of the platform. Further protections include global deployment and the offline storage of keys and wallets.

With these measures in place, you don’t have to worry about being scammed, hacked, or breached—all you have to do is activate the authentications and verifications for your account, and Matrixport takes care of the rest.

Different investment products to get higher yields:  Aside from fixed crypto accounts, flexible accounts, and liquidity pools, investors can earn on Matrixport through other investment products too. Those products include ETH 2.0, higher yields on ETH, Dual Currency investments, Smart Trend, SharkFin, and a few others.

 The ability to explore multiple investment opportunities allows investors to get the most out of their assets. They can explore the yields and evaluate which ones would earn them the most and then make an informed decision.

Very beginner-friendly platform:  Both the website and mobile application for Matrixport come with a really simple and understandable layout, making the whole experience easy and efficient for users.

Even if you’re a beginner with no prior knowledge about crypto, you’ll be able to operate Matrixport. The platform has even separated out all of the available services so that customers don’t have to confuse themselves with the options they don’t intend to use.

You won’t have to watch a series of hour-long tutorials just to understand how things work at Matrixport—everything is briefly and simply described on each page.

Resources and FAQs for guidance:  Matrixport provides educational content and guides for anyone who wants to learn about the crypto industry and become an expert in the field.

With the blog and resources section available at Matrixport, users can keep up with the latest news within the crypto industry and learn about different aspects of it. The FAQs section answers users’ most common questions right away.

Even if you’re a beginner, Matrixport can help you from start to finish; you just have to be willing to learn the essentials.

Things I Don't Like About Matrixport

Although Matrixport may be a go-to platform for countless crypto enthusiasts from all over the world, the platform does have some negatives to keep in mind:

Not available in the US and a few other countries:  Unfortunately, Matrixport does not support users from the United States of America, along with a few other countries. Although the US has a massive crypto community that is interested in buying, investing, and borrowing, due to compliance issues, Matrixport does not currently offer any of their services to the US.

 Their list of restricted countries also includes China, Japan, Canada, Singapore, and a few others. So if you are from any of those areas, you will have to find a suitable alternative platform.

App-only operation:  Matrixport is a mobile application–dependent platform, which means that you cannot use any of their services through your desktop, laptop, or web browser—it operates only through the mobile app.

You can explore each feature of Matrixport through the web, and you can even sign up on the website, but to log in and actually use their services, you will have to download their mobile application on your Android phone or iOS device.

Matrixport Fees

Matrixport Deposit Fee

Matrixport does not charge any fee when you deposit crypto assets on the platform. Users just have to keep the minimum deposit amount in mind to process their transactions.

As for international bank transfers, a fee ranging from 20 USD to 50 USD might be charged. On the other hand, a 3.5% fee is charged when buying crypto through credit or debit cards.

Matrixport Trading Fee

Spot trading is absolutely free on Matrixport.

Matrixport Fiat Withdrawal Fee

The fee for withdrawing fiat assets through wire transfers on Matrixport is 30 USD.

Matrixport Crypto Withdrawal Fee

The crypto withdrawal fee at Matrixport varies for each available crypto asset on the platform.

Pros and Cons of Matrixport

Pros
  • Instant crypto purchases
  • Several investment options are available
  • Hassle-free crypto borrowing
  • Optimized mobile applications
  • Zero-fee spot trading with leverage
Cons
  • Not available in the US and a few other countries
  • App-only operation

Summary

Matrixport may be considered a premium choice for crypto users. In addition to offering the usual services like purchasing cryptocurrencies or trading them, Matrixport has enhanced other crucial aspects like investments and borrowing to make the whole process easier for crypto geeks. You can get interest-free loans, trade with leverage, explore tons of investment activities, and earn passively through your idle crypto assets, all in one place.

Matrixport also provides full security and uses high-standard authentication and verification to secure their users’ funds and data. They also have a great and fast customer support team available to help with customers’ questions. If you want to join Matrixport, click the button below to receive $20 FREE USD when you deposit $300 of crypto into the 30% APY account for at least 8 days. 

Frequently Asked Questions

Can residents of the US use Matrixport?

No; due to compliance issues, Matrixport is not offered to users living in the US, Canada, China, Singapore, Japan, and a few other countries.

Is Matrixport a trusted crypto platform?

Matrixport is a trusted crypto platform that has been in the business for a few years now. With over $10 billion in asset management and over $5 billion monthly trading volume, Matrixport is considered to be quite a safe platform to use.

Can you earn money with Matrixport?

Users can earn money with Matrixport through their investment options and features. You can check out their fixed and flexible savings accounts, liquidity pools, and other investment tools that allow you to earn passively.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us.

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