Mudrex Review 2022: Best Crypto Investing Platform in India?

Mudrex - Crypto Investment Platform 2022

Mudrex Review 2022: Best Crypto Investing Platform in India?

Table of Contents

Mudrex is an advanced automated crypto investing platform recognized for its systematic approach to providing the best crypto investment solutions, with an excellent product portfolio that includes Mudrex Coin Sets. Let’s understand the platform more precisely with this detailed Mudrex review.

In layman’s terms, the platform assists novice investors by putting their money to work with the aid of its Algo trading feature, which functions as a type of index of cryptocurrency traders with various strategies and results.

The team at Mudrex has developed easy-to-invest, hassle-free products with a superior risk/reward ratio after attentively monitoring the crypto investing space for over three and a half years. These products will enable the next billion users to join and take part in the crypto revolution.

Still Unsure about What Is Mudrex? Here’s a detailed Mudrex review to help you understand the platform’s features, fees, and products more precisely. 

What Is Mudrex?

Mudrex is a cloud-based automated crypto investing platform where you can easily invest in 100% automated trading bots developed by professional traders. These bots operate on various exchanges and in different currencies. 

On the other hand, the Mudrex Build platform can help you create your own trading strategies if you don’t want to invest in ready-made ones. The no-code feature makes it incredibly simple to create trading strategies by allowing you to create them using blocks. 

The platform has experienced tremendous growth recently and is anticipated to continue growing exponentially due to the simplicity of investing and the ease of developing a strategy for investors.

Mudrex – Detailed Overview

Mudrex is a Global Crypto Investing Platform supported by Y Combinator and Nexus Venture Partners that operates in 90 countries globally. It is a Bangalore-based fintech startup with headquarters in the US, aiming to become the biggest asset management platform for cryptocurrency investments.

The platform was launched as a crypto exchange in India in 2018. However, the RBI’s decision to ban crypto trading in the country gave a major setback to the platform. The expert team behind the platform quickly realized that focusing on the investing part is the need of the markets. They turned the setback into an opportunity and shifted toward a global audience. Years later, the platform was re-launched as a crypto investing platform with a better risk/reward ratio.

Today, this cloud-based trading platform allows users to invest quickly in trading bots that are fully automated and developed by professional traders. These bots operate on various exchanges and in different currencies. 

In this detailed Mudrex review, we will see why Mudrex is growing so quickly and discuss the features, fees, and whether it’s a scam or legit.

Mudrex Review: Quick Overview

Launched

2018

Founders

Edul Patel, Alankar Saxena 

Mudrex Office

US and Banglore (India)

Industry

Cryptocurrency, Fintech

Website

www.mudrex.com

Is Mudrex Legit Or A Scam? 

Mudrex is legit crypto investing and trading platform as it has a great reputation in the crypto industry and hasn’t indulged in any scams since its start. Unlike Crypto exchanges, Mudrex doesn’t hold clients’ assets. Instead, all the assets are stored in the exchange account connected to Mudrex. 

At the same time, I found the platform to be backed by some prominent names in the venture capital industry, including Y Combinator, Encrypt, Gamma Point Capital, and Better. 

According to the platform, all sensitive personal data is encrypted at a bank Level (AES-256) and stored securely. All API traffic is also encrypted using TLS 1.2 and SSL to protect against third parties eavesdropping on your connection. As a part of my research, I didn’t find any scams related to the platform. Henceforth, Mudrex is a safe and legal platform for crypto investments.

Also read:  Get Cash 23.com ?

Pros & Cons Of Mudrex Trading Platform

Pros & Cons 

Where Mudrex Shines? (Advantages)

There are various reasons behind the evergrowing success of Mudrex. So, I gathered and researched all the existing features of the platform: 

Ease Of Use: The platform’s user interface is simple, as it is not filled with an overwhelming number of features but only those you need the most for crypto trading. 

Security: Mudrex implements military-grade security measures to provide the safest crypto investment conditions. Additionally, the platform doesn’t store clients’ assets. 

Customer Support: As I tried contacting Mudrex customer support, the only thing I would say here is that the company offers good customer support via Discord, live chat, social media, or email. Also, a feature called ‘Priority Support’ is available for premium users only. 

No Need To Transfer Funds With API-Based Integration: The integration of Mudrex with so many leading exchanges, including Binance, Bitmex, Bybit, Coinbase, etc., has been excellent. Simply connecting your API key base is all that you need.

Where Mudrex Lacks? (Disadvantages)

No Notifications On Placed Orders: At the time of writing, the app never notifies about the orders placed. 

Slow UI: The only thing that disappointed me about the platform is its slowness. The app may sometimes lag a lot which can be frustrating. 

Mudrex Review: Pricing & Fees

Mudrex currently offers two plans to its users: Free and Premium. Both plans have unique features and offers. 

Features Free Plan Premium Plan ($16 Per Month)
Strategies & Indicators Unlimited Unlimited
Exchanges Available Available
Customer Support Live Mudrex Support & E-mail Live, Email, and Discord Support
Backtests 100 Unlimited

Mudrex Fee

Fees and pricing are probably the biggest reasons behind the popularity of Mudrex and are what sets it apart from other platforms. While most bot platforms charge higher fees, Mudrex offers a fixed fee structure, where the bot builder chooses a percentage fee amount based on the investor’s investment.

Also Read: What is Negative Pe Ratio?

Review of Mudrex Product Offerings

Mudrex currently offers five different types of products related to crypto investments. Here’s a detailed overview of these crypto products:

Mudrex Coin Sets

Coin Sets refers to a collection of cryptocurrencies that have been selected because they fit into a specific theme. These Coin Sets help investors in understanding which one and how to invest in metaverse coins. 

Some of the coin sets offered by Mudrex include:

  • Metaverse tokens 
  • NFT tokens
  • Smart contract platforms (layers 1s)
  • Top Crypto blue chips

Mudrex Mints

Through Mudrex Mints, your funds are securely managed by in-house quant traders to ensure you can make the most out of your investment while optimising the risk.

The following three products are part of a group that adheres to the Mudrex mutual fund model:

  • Minimum investment threshold
  • Entry / Exit at any time
  • A Risk/ Reward tradeoff between High (Equity fund-like), moderate (balanced fund-like), and Low (Income fund-like) products. 

Mudrex Algos

These are trading bots that rely on technical analysis and are made available by traders. You can invest using a variety of automated strategies without having to learn technical analysis or find the time to trade actively.

Interest Account

This works exactly like a bank savings account, except that it has lower risk and provides an annual return of 14%. 

Exchanges Covered

These products are offered for the coins listed on Binance, Bybit, Coinbase Pro, Deribit, OKEX, and BitMex.

How To Start Crypto Investing On Mudrex?

How To Start Crypto Investing On Mudrex?

Mudrex has always prioritized giving its users a fantastic user experience by making investing simple and quick. Users can understand all aspects of a strategy and invest effectively thanks to the slick user interface and strategically placed key information. 

To begin investing on Mudrex, follow these steps:

  • Create a Mudrex account or log in to your existing account using Mudrex login credentials;
  • Connect API keys to your preferred exchange;
  • Select the amount to invest and the bot you want to invest in;
  • After paying the platform fee, you are good to go. 

How Do I Deposit In Mudrex?

Mudrex accepts deposits through two methods: INR deposits and Crypto deposits. Additionally, Mudrex charges zero deposit fees. Here’s a detailed process for depositing funds in the Mudrex wallet. 

  • After logging in to Mudrex App, go to “Funds” and choose “Add Funds.”
  • Choose “Bank Transfer” and then press “Continue.”
  • Enter the amount and click “Add Funds.”
  • Add the bank information displayed on the Mudrex App as a beneficiary in your preferred transfer method. The bank will send you a UTR/Transaction number via mail or text after you complete a successful transaction.
  • Afterward, enter the UTR/Transaction reference number and click “I have transferred.” Within the next 24 hours, your money will be credited to your wallet.

How Do I Withdraw Money From Mudrex?

The Mudrex withdrawal process on Mudrex is as simple as deposits. Simply follow the steps listed below to withdraw funds from your Mudrex Wallet to your bank account:

  • To withdraw money, go to the funds’ section of the Mudrex App after logging in.
  • After choosing “Bank Account,” go ahead. 
  • Enter the amount you wish to transfer to your bank account.
  • An OTP will be sent to you via mail. Click “Verify and Withdraw” after entering the OTP you received.
  • Congratulations! Your withdrawal request has been processed, and the money will be credited to your bank account soon.

What Is Mudrex Wallet? An Overview

Mudrex Wallet is a safe Crypto wallet that lets you buy cryptocurrencies, deposit from other wallets, transfer between spot and futures wallets, convert from one crypto token to another, or withdraw crypto to your other wallets. 

To help understand more about the wallet, I created a wallet for myself and created a list of all the features that I think are worth mentioning: 

  • Zero fees to deposit from your Binance Wallet
  • Maximum reliability on your trades
  • The wallet offers up to 40% discounts on exchange fees
  • No more hassles of connecting your API keys

Mudrex Review: What Is Mudrex App & How To Use Mudrex App?

Mudrex has recently launched a mobile app for millennial users who don’t like to sit in front of screens for a long time. The application has everything that comes with a web-based platform. 

Additionally, you can use the Mudrex app to instantly invest in personalized crypto baskets and create cryptocurrency portfolios. The app is available for download on both iOS and Android. 

Mudrex Bonus, Promotions & Offers, Mudrex Gift Voucher, Mudrex Promo Code, Mudrex Refer and Earn

Mudrex Review: Bonus, Promotions & Offers

Below, I have curated a list of all the ongoing promotions and offers available on Mudrex. 

Mudrex Gift Voucher: The platform is giving away Mudrex $15 USDT as a Mudrex sign up bonus. You can claim the Mudrex voucher after signing up. I redeemed my Mudrex gift card before making the first transaction.

Mudrex Promo Code: You can search for the best Mudrex coupon or promo code on the internet (as I did). There are many affiliate website available that provides Mudrex promo code India.

Mudrex Refer and Earn: To be eligible for the Mudrex referral program under the “Refer & Earn” program, you must invest a minimum of $20. When your friend signs up for Mudrex through your reference and makes a minimum investment of $20 in any Coin Set, you will receive $20.

What Do Users Say About Mudrex? Market Reputation & Customer Reviews

Mudrex has a good reputation among its existing users, with the majority of positive reviews and a few negative ones mixed in them. 

At the time of writing this Mudrex review, the company has an overall rating of 4.1 stars on Trustpilot. Here are some Mudrex reviews from existing users: 

Mudrex Market Reputation & Customer Reviews

Customer Support

As I tried contacting the Mudrex support team, I have a mixed review regarding this. The team answers accurately but isn’t actually respond quickly.

The support is available via Discord, live chat, social media, or email, as there is no mudrex customer care number. Also, a feature called ‘Priority Support’ is available for premium users only.

Conclusion

As I conclude this Mudrex review, let’s discuss what you have learned. The best part of the platform I have gone through is that you have a week to try out this bot without having to pay to use the premium version.

Sometimes, the platform allows the free version for 2 weeks, which is also an appreciable step of the platform. While I found nothing negative about the platform, but will still prefer to recommend a fully-fledged trading platform like InvestFW. The platform lets you trade in a range of financial markets, including Forex, Cryptocurrencies, Commodities, and Indexes. 

FAQs

What Is Mudrex?

Mudrex is cloud-based automated crypto investing platform where you can easily invest in 100% automated trading bots developed by professional traders. These bots operate on various exchanges and in different currencies. 

On the other hand, the Mudrex Build platform can help you create your own trading strategies if you don’t want to invest in ready-made ones. The no-code feature makes it incredibly simple to create trading strategies by allowing you to create them using blocks. 

The platform has experienced tremendous growth recently and is anticipated to continue growing exponentially due to the simplicity of investing and the ease of developing a strategy for investors.

Is Mudrex Legal In India?

As no Law or legislation in India restricts buying and selling of cryptocurrencies, you can invest in these digital assets through crypto platforms like Mudrex .com. Mudrex has been in the industry for over 5 years and has a good user base, which further adds to its legitimacy. Overall, Mudrex is safe platform to invest with. Read our detailed Mudrex review for more information regarding the platform. 

Where I Can Find The Mudrex APK?

Users can easily start the Mudrex App download from the Google play store. Alternatively, the mobile app is also available for iPhone users. It has a good rating of over 4 stars on both platforms. 

What Is Mudrex Mutual Fund?

Mudrex has recently incorporated a SIP option to invest in Coin Sets, the crypto equivalent of mutual funds. Mutual funds have been the first choice of investors in the equity market for years to invest and steadily grow their wealth.

How To Delete Mudrex Account?

Log in to the Mudrex app>Tap the Profile Icon> View your profile>Tap Delete Account. and your request will be submitted, followed by a maximum 5-day processing time!

Deactivating an account manually takes five working days. The customer service representative will get back to you after deactivation.

How To Withdraw Money From Mudrex Account?

Wondering how to withdraw Mudrex money, here’s an answer. 

To withdraw money, go to the funds section of the Mudrex App after logging in.

  • After choosing “Bank Account,” go ahead. 
  • Enter the amount you wish to transfer to your bank account.
  • An OTP will be sent to you via mail. Click “Verify and Withdraw” after entering the OTP you received.
  • Congratulations! Your withdrawal request has been processed, and the money will be credited in your bank account soon.

What Are The Benefits Of Mudrex Account?

The benefits of the Mudrex account include its easy-to-understand platforms, robust security features, great customer support via e-mail and discord, and no need to transfer funds with API-based integration. Visit Mudrex. com

Is Mudrex Indian Company?

Mudrex is Bengaluru-based crypto investing platform with headquarters in San Francisco. The company was co-founded by a team of 4 entrepreneurs – IIT Bombay and IIT Kanpur – Edul Patel (CEO), Prince Arora (VP, Engineering), Rohit Goyal (VP, DeFi), and Alankar Saxena (CTO).

Is Mudrex Free?

Mudrex offer a free trial for one week after it will prompt you to upgrade to the premium version. However, in some cases, the free trial time may increase by two weeks. 

Who Is Mudrex Founder?

Mudrex was co-founded by a team of 4 entrepreneurs – IIT Bombay and IIT Kanpur – Edul Patel (CEO), Prince Arora (VP, Engineering), Rohit Goyal (VP, DeFi), and Alankar Saxena (CTO).

What Is Mudrex Minimum Investment Amount?

Investors can now start a SIP with as little as $10 using the new Mudrex mutual fund feature, and they can fully automate the setting of the SIP frequency to daily, weekly, or monthly.

What Is Mudrex Valuation?

Over the course of 5 rounds, Mudrex has raised a total of $22.1M in investment. Their most recent funding came from a Venture – Series Unknown round, which was raised on August 1, 2022.

What Is Mudrex Minimum Withdrawal?

The Mudrex minimum withdrawal limit is set at $5, while the daily withdrawal cap is 2 lakh INR.

What Is Mudrex Coin Price?

There is no such thing as Mudrex coin as it is just a crypto investing platform and hasn’t introduced its own crypto coin. 

How To Withdraw From Mudrex?

Here is information on how to withdraw money from mudrex wallet.

  • Go ahead and select “Bank Account” after that. 
  • Enter the sum you want to put in your bank account.
  • You will receive an OTP via mail. After entering the OTP, click “Verify and Withdraw.”
  • Your withdrawal request will process, and your bank account will be credited with the requested amount.

How To Claim Mudrex Voucher?

Wondering how to claim mudrex gift voucher code? Here’s a full detail: 

You’ll see the claim gift voucher page after completing the signup process. Simply click on “claim voucher” to get a $10 reward into your wallet. With it, you can purchase any cryptocurrency on the Mudrex platform.

How To Invest In Mudrex?

You can invest with Mudrex in a variety of ways including Mudrex Coin sets, Mutual Funds or buying crypto coins on the platform. 

What Is Minimum Mudrex Wallet Withdrawal?

The Mudrex wallet minimum withdrawal limit is $5, while the daily withdrawal cap is 2 lakh INR.

In Mudrex, How To Withdraw Money?

Here is information on how to withdraw money from mudrex wallet.

  • Go ahead and select “Bank Account” after that. 
  • Enter the sum you want to put in your bank account.
  • You will receive an OTP via mail. After entering the OTP, click “Verify and Withdraw.”
  • Your withdrawal request will process, and your bank account will be credited with the requested amount.
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