Trade.mn is the cryptocurrency platform which run according to demand and supply without any institutional intervention. Trade.mn is the first platform in Mongolia which reflects know-how technology. If you want to buy and sell cryptocurrencies, please click on IT to register.
Cryptocurrency is digital and numerical data based on blockchain technology without centralized authority. It is impossible to do fake cryptocurrency because it is created by cryptographics. Some cryptocurrencies have limited supplies and it is obtained (or mined) by special hardware and software. Mining process also verifies and confirms transactions of certain cryptocurrency.
Bitcoin is the first cryptocurrency circulated in the market which applies the blockchain technology. Today, 1300 cryptocurrencies have been created and exchanged all over the world. Total market cap of cryptocurrencies are 150 billion USD and bitcoin shares 48% of it.
Now, there are no laws, government policy and regulation concerning cryptocurrency mining and exchange in Mongolia. Even though there is no government policy, cryptocurrency buy and sell is regulated according to Civil Law contract.
In order to register on the platform and do exchange, verification is necessary process. There are three levels of verifications as follows.
First level is to verify your information, email address and phone numbers. This verification allows users to transact bitcoin and buy and sell other cryptocurrencies with bitcoins.
The second level is to verify the full name and address information by official documents. The information is verified within 24 hours. We may refuse to verify the account if any incorrect information is found at this level.
If you want to increase your deposit and withdrawal limits, you may verify the third level. In order to do this, we may ask question on user’s transaction history and know more about user.
To deposit USD, MNT and other currencies to your Digital wallet, the LEVEL II of verification is necessary. Please, refer to VERIFICATION if you want to see what LEVEL II of verification is. If you want to deposit bitcoin and other cryptocurrencies, only LEVEL I of verification is necessary.
For more detailed instruction, please click on IT.
You can buy and sell cryptocurrencies with USD, MNT or Bitcoin.
Digital wallet stores your cryptocurrencies. Digital wallet receives, keeps and send your cryptocurrencies.
The registered users can exchange. Please click on IT to see how to register.
LEVEL I of verification allows the user to exchange Bitcoin and other cryptocurrencies.
LEVEL II of verification allows the user to exchange cryptocurrencies with USD and MNT. Please see the more instruction of how to verify, by clicking on IT.
The below exchanges are possible
The users can cancel their orders, by clicking on ‘x’ from Active Orders on Exchange.