Comparison of Coins.Ph vs Mudrex [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Coins.Ph vs Mudrex comparison!

Your expert: Alejandro Borja

Coins.ph

Coins.Ph

Your expert: Xavier Tarrasó

mudrex

Mudrex

Main points

Fees

≤3,99%

Earns

Yes

Customer service

4/5
0,25%

Fees

No

Earns

3/5

Customer service


Recommended for

Beginners

Yes

Trading

No

Passive income

Yes

Buy and hold

Yes
No

Beginners

No

Trading

No

Passive income

Yes

Buy and hold


Comparison of fees

Rating

3.8 – Reasonable fees with strong local support in the Philippines.
3.9 – Reasonable fees with additional benefits for automated trading.

Level

≤3,99%
0,25%

Brief explanation

Coins.ph maintains a simple and transparent fee structure, which is a significant advantage for users. The platform charges a spread on buy and sell transactions, typically around 0.5% to 1%, which is competitive within the industry. This spread varies depending on the specific cryptocurrency and market conditions. Additionally, for transactions such as sending money or paying bills directly from the wallet, minimal fees are applied, which are clearly outlined on their website. This approach helps users manage their costs effectively while engaging in various cryptocurrency transactions.
Mudrex does not charge any trading fees for its automated trading bot services, which is a significant advantage for users looking to maximize their profits without worrying about the cost of each transaction. This fee structure is particularly beneficial for both high-frequency traders and those new to the crypto markets, as it allows them to experiment with different strategies without the burden of additional costs. The absence of trading fees makes Mudrex an attractive platform for users seeking to optimize their trading efficiency and profitability in the cryptocurrency market.

Coins.Ph

Mudrex

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Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

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Direct link to the website

Product selection

Native token

No
No

Earns

Yes
No

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Betur Inc. dba Coins.ph
Mudrex Inc

Regulation

Regulated in Filipinas
Not regulated

Year founded

2014
2019

Founder

Ron Hose
Edul Patel

Payment methods

Transfers

No
No

Mastercard

No
No

Wire transfer

No
No

Card

No
No

Comparative table

Coins.Ph FEATURES Mudrex
The minimum trade amount varies by cryptocurrency, with popular currencies like Bitcoin having very small minimum requirements, allowing for micro-transactions.
Minimum Trade
Mudrex allows users to start with relatively small amounts, making it accessible for beginners.
Coins.ph charges competitive rates, typically lower than many other licensed exchanges in the region. This includes a spread on buy/sell transactions and minimal fees for crypto transfers.
Trading and Transaction Fees
One of Mudrex’s significant advantages is its no trading fee policy on automated bot strategies, which is highly cost-effective.
Coins.ph offers over 50 cryptocurrencies, providing a diverse range of options for traders.
Number of Cryptocurrencies
While Mudrex supports popular cryptocurrencies, its range is less extensive compared to larger exchanges.
The platform supports numerous trading pairs involving major cryptocurrencies and Philippine Pesos, catering extensively to local market needs.
Crypto-to-Crypto Trading Pairs
Mudrex focuses more on trading strategies than on offering a vast number of trading pairs.
The Coins.ph website provides clear information on fees, processes, and security measures, enhancing user trust and compliance transparency.
Website Transparency
Mudrex provides clear information about its trading strategies and results, but could improve transparency regarding its operational aspects.
Coins.ph does not offer an exchange card for in-store purchases.
Credit/Debit Card
Mudrex does not currently offer a debit or credit card for customers to use in their day-to-day transactions or at their shops.
Coins.ph offers a secure digital wallet service with robust security measures including 2FA. Highly secure with a user-friendly interface.
Storage Offering
Mudrex offers secure storage options, with a majority of assets held in cold storage ensuring high security.
Currently, Coins.ph does not offer staking services for earning rewards on crypto assets. This is a significant area for potential growth and user engagement.
Staking and Rewards
Offers competitive staking opportunities and rewards, though these might be linked to specific conditions and availability.
Both mobile and desktop interfaces are available, with the mobile app being particularly praised for its user-friendly design. Excellent accessibility and usability across devices.
Mobile App and Desktop
The Mudrex platform is accessible via desktop and has a functional mobile interface, although it may lack some features available on the desktop version.
Known for its effective customer service with multiple channels including live chat and email support. While generally good, there is room for faster response times and extended support hours.
Customer Service
Generally responsive and helpful, but there could be improvements in wait times and support hours.
Users can easily deposit and withdraw funds using various methods including bank transfers, credit/debit cards, and even through physical retail partners. Highly accessible but could benefit from reduced fees and faster processing times for certain methods.
Deposit and Withdraw
Deposits are straightforward, but the platform currently lacks support for direct debit/credit card deposits, and withdrawal options could be more diverse.

Key features

Analysis tools

Basic tracking and charting
Automated trading bots

Mobile APP

No
No

Security

High 4,6/5
High 4,6/5

Additional features

Crypto-to-fiat services, bill payments, mobile top-ups, staking
Automated trading strategies, staking, Mudrex Coin Sets

Anonymity

No
Yes

Key points

Available cryptocurrencies

10+
Platform for crypto algorithms, not direct trading

User-friendliness

Features a simple and user-friendly interface that is suitable for beginners. The platform focuses on making cryptocurrency trading accessible and easy to understand.
Mudrex offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Provides good value for money with competitive fees and strong local support in the Philippines, making it a good choice for regional users.
Provides good value for money with competitive fees and automated trading strategies, making it an attractive option for new and experienced traders.

Countries of operation

Philippines
United States, Canada, United Kingdom, Australia, India

Best for

Suitable for users in the Philippines looking for a reliable platform with local support and competitive fees.
Ideal for traders interested in automated trading strategies and competitive fees.

Base currencies available

PHP, BTC
Platform for crypto investments, not direct trading

Account

Trading

Coins.ph is a popular exchange in the Philippines, offering easy fiat integration and a user-friendly platform. It supports a decent range of cryptocurrencies but has higher fees.
Mudrex focuses on automated trading strategies, allowing users to invest in pre-built algorithms. It offers a unique feature but has a smaller selection of cryptocurrencies compared to leading exchanges.

Deposit and withdrawal

Coins.ph is popular in the Philippines, offering easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, with competitive fees.
Mudrex focuses on automated trading strategies and supports various deposit and withdrawal methods. Withdrawals are processed efficiently, with competitive fees.

Account opening process

Coins.ph offers a seamless and user-friendly account opening process. Users need to provide personal information, verify their identity, and typically get their account approved within a day. It’s efficient and secure.
Mudrex offers a seamless and fully digital account opening process. Users need to provide personal information and verify their identity. The process is quick and typically completed within a day.

KYC required?

Yes
No

Customer Service

Coins.ph offers support through email and live chat. The response time is quick, and the support team is available 24/7, making it reliable for users in the Philippines.
Mudrex offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

Coins.ph offers robust security features, including 2FA and cold storage. It is regulated by Philippine authorities, providing a secure environment for investors.
Mudrex provides strong security with 2FA and encryption. Despite its robust security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some investors.

Which of these exchanges is for you?

As an expert analyzing Coins.ph, I highly recommend this platform for users in the Philippines and Thailand looking for a user-friendly and secure way to engage with cryptocurrencies. Its integration with local financial services, compliance with regulatory standards, and competitive fees make it an excellent choice for both new entrants and seasoned traders in the crypto space. Whether you’re looking to simply buy and sell crypto or use it for everyday transactions like bill payments and remittances, Coins.ph provides a reliable and convenient service.
As one of the experts on our website, I would recommend Mudrex for anyone interested in cryptocurrency trading, especially if you’re looking to leverage the power of automated trading bots. Mudrex simplifies the process by providing a platform where even those with minimal trading experience can participate effectively. The user-friendly interface and the “no profit, no fee” model make it an appealing choice for both beginners and seasoned traders. Whether you’re looking to actively manage your investments or prefer a more hands-off approach, Mudrex offers tools that can help you achieve your financial goals in the crypto space.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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