Tag Archives: mcxnow

mcxNOW exchange shutting down temporarily; get your coins out before Dec 20th

mcxNOW just put out notice that they’ll be shutting down temporarily on December 20th to work out some technical issues. The exchange is apparently a one-man operation, and going dark for a month or three to work out the system kinks was deemed the best option.

If you use mcxNOW, it’s probably a good idea to withdraw your funds as soon as possible.

mcxNOW paying out interest on cryptocurrency deposits

Yesterday, mcxNOW—a cryptocurrency exchange supporting Bitcoin, Litecoin, and several other altcoins—started paying its users interest on their digital deposits. The interest rate is variable and dictated by the trading fees collected by the exchange.

It’s an interesting move, and if it’s successful in significantly growing mcxNOW’s user base, you can bet that other exchanges will launch similar programs. Remember that while earning interest on your deposits may feel very bank-like, you’d be wise to treat online exchanges as your own personal cryptocurrency piggy banks at your own risk.