Matrixport: An All-In-One Crypto Platform For All Investors

With the booming demand of the crypto space and crypto becoming the hottest topic of the year even among mainstream media and everyday folks, the need for a comprehensive, centralised platform offering a full suite of crypto services becomes even more important each day as a bridge between layman investors and the highly diverse and complicated world of crypto and DeFi.

Problem: Too many platforms, too little time to keep track

When I first started investing into cryptocurrencies, there was an issue about the paradox of choice. There were so many exchanges to choose from, so many different blockchains to invest in, it was just so difficult to get started and in the end I had to use many different platforms even till today.

Not only was it difficult to maintain at the start, with 2-3 different exchanges and a few wallets each holding different assets, just how can you get them all under a single platform and call it a day?

I feel you. And today, I want to introduce a centralised solution for the average investors who simply don’t have the time to keep track of so many different crypto platforms or users who prefer an ease of mind when investing into crypto by relying on a trustworthy platform.

The platform we are talking about today is Matrixport.

Introduction-What Is Matrixport?

Matrixport is a crypto-financial services company which was a spin-off from the blockchain and crypto mining giant Bitmain, which was established in February 2019.

They offer a one-stop platform where investors like you and I can custody, trade, invest and lend crypto assets with ease.

The company is headquartered in Singapore with offices worldwide. Although they are still a young company, they already have 180+ employees worldwide, with a monstrous monthly trading volume of $5 billion and a whopping $10 billion assets under custody. This is a serious crypto company and they are definitely a leader in the crypto field.

Thanks to the leader position that Bitmain enjoys in the mining hardware market, Matrixport has a very established clientele since its very beginning.

The majority of their employees works for the technical side and the rest have a strong financial industry background (with past experience at Deutsche Bank, Citi, Merrill Lynch etc). It can be said with confidence that the company’s technical prowess and knowhow on everything crypto, blockchain, and financial products is solid and proven.

With all these favourable conditions, the whole Matrixport product development team works hard and intensively on designing new exciting offerings to satisfy a rapidly growing market.

They are utilised by institutional investors and retail investors alike, and the scale of their operation also makes them the largest cryptocurrency financial platform in Asia.

If you want to read up more, you can read up more about them here.

1. Safety and Security

Matrixport is one of the largest and most reliable cryptocurrency exchanges in Asia.

With industry leading custodian solution Cactus Custodyproviding custodial support for institutional funds, this means that your cryptocurrencies are basically stored in a separate “Cold Storage” which makes it extremely secure with multi-signature encryption and bank vault level data centres securing our crypto assets.

Matrixport has one of the most secure hot wallets in the world if you intend to invest/trade large amount of fiat currencies based on their security measures and the trust that they built with high net worths and big investors worldwide.

When it comes to centralised crypto solutions, security of the platform will be of the utmost priority for investors and the main selling point for why investors will even use custodial services to manage their crypto assets.

Best for:

For those that are uncomfortable with managing your own DeFi wallet or find it too difficult to manage so many different crypto platforms, Matrixport will be the ideal candidate due to their comprehensive product offerings which I will highlight below.

2. Wide Range of Product Offerings

Matrixport app has a wide range of product offerings for every type of investor. Aside from buying crypto using fiat currency, you can deposit your crypto directly into Matrixport as well and take advantage of their product offerings which I will summarise below.

In summary, Matrixport offer the following:

1. Flexi Saving (Allow investors to earn yield on their crypto without any lock-up and earning passive income)

2. Fixed Income (Allow investors to lock up their crypto for a set period of time and earn stable returns on their crypto)

3. DeFi (Allow investors to participate in Matrixport handpicked DeFi Protocols such as Curve and Compound to earn higher returns without dealing with DeFi directly)

4. Fund (Allow investors to invest passively into a “crypto mutual fund” of their choice and earn higher returns)

5. Dual-Currency (Works similar to traditional finance, which is a sophisticated trading strategy that only institutional investors have access to but this is available to retail investors as well!)

6. Loan (Allow investors to borrow crypto by pledging collateral, and also a zero cost loan features as well!)

7. Leverage (Allow traders to leverage on their crypto up to 5X to maximise returns by taking a long/short position on a crypto of their choice)

8. Smart Trend (Allow traders to earn more yield by betting on price movements of different crypto assets)

As you can see above, the possibilities are endless and the app caters to every kind of investor and it really depends on what you want to do with your existing crypto.

As for myself, I personally found the first 4 offerings above to be extremely attractive for a long term investor. Sneak peek of the fixed income yield __above!! (Stablecoin yield up to 12% APY!)

Flexi saving and Fixed Income allows us to earn higher yield on our otherwise idle assets such as Bitcoin/Ethereum or stablecoins.

By using Matrixport’s highly secured platform to earn yield, you don’t have to worry about your funds going missing if you were to do them yourself.

This is also why other than doing DeFi myself, I am relying on centralised solutions such as Matrixport and Hodlnaut to diversify my risk and not put my crypto only in one place.

With crypto, security is once again the most important aspect.

Even if you are gaining insane 3000% APY in a Degen yield farm, if the funds gets hacked, your returns is still zero. Thus, to protect yourself from such risks, it is important to have some of your crypto allocation stored in a highly secured and reliable centralised solution such as Matrixport.

With the various product offerings, it is up to you what you wish to do and this makes it really easy for crypto investors who want to just stick to one platform for all their investment needs and call it a day.

3. Ease of Use

When it comes to UI/UX, Matrixport was, to be honest, difficult to navigate when I first downloaded it to try the features out.

There were many product offerings which was great, but perhaps it could be more user friendly and provide more tutorials for investors when they first download the app.

After using it a few times, it gets easier though. You simply have to familiarise with the app, and once you get familiar with it, using it was really easy and it was a joy to use the app.

Matrixport comes in both mobile and web format and the sign up process is extremely fast too! The KYC process comes in 3 levels and verification takes mere minutes.

On the app you have the (1)home page which consist of the full suite of products I mentioned above, the (2)invest page where you can track your dual currency investments (if you got into this), the (3)trade page which allows you to do crypto swaps, the (4)wallet page where you can see your wallet balance across all crypto and your (5)profile page.

They support USD as fiat currency and you can also buy crypto using a debit card or deposit USD into your Matrixport account via bank wire transfers. If you already have crypto, you can even transfer your crypto such as USDC directly with ease by copying and pasting the deposit address.

Wallet Support for up to 20 different cryptocurrencies

Crypto wallet wise, the Matrixport wallet currently supports 20 different cryptocurrencies such as BTC, USDT, USDC, ETH, LTC, DOGE, SUSHI, LINK, and many more.

If you are not earning yield on any of the crypto mentioned above, its time for you to put those crypto to work and earn some passive yields!

How to fund your Matrixport account

To make a deposit using cash, you need to first have USD in your bank account.

The best way to obtain and do your wire transfer is to convert SGD to USD either through DBS/POSB or Standard Chartered. Reason being, they offer 0 fees for USD transfers and their spreads are pretty competitive.

Based on usage, DBS spreads are slightly better so you can keep that in mind. After you create your account and verified yourself through the KYC process, you can follow the steps here:

1. In the app, click on Wire Transfer and add your bank account./ Or you can deposit USDC directly if you already have crypto with you.

2. Once you fill up your bank details and proof of bank statement, you can then deposit your funds and remember to include your unique identification code for them to process your funds.

3. Boom! Your funds should arrive shortly and you can start earning those sweet yields on your crypto.

*Deposits are free too!

Withdraw Process

The withdrawal is also pretty self-explanatory. Fill up the amount you want to withdraw and wait for it to be completed.

Do note: There is a withdrawal fee of $30 per transfer out so it might be a bugger if you want to withdraw out constantly.

Conclusion

Matrixport has a plethora of product and services which caters to the need of various types of investors, making it an all in one platform just like a bankbut for crypto.

While their marketing has not really penetrated into the Singapore market even though they are headquartered in Singapore, I believe this platform to be extremely under the radar and investors who need a one stop platform for their crypto needs might just find the right mix with Matrixport.

Matrixport is highly established and trusted by institutional investors and high net worth all across Asia.

With 24/7 client support and institutional class security, this platform is highly recommended for the majority of investors out there who don’t have the time and energy to deal with DeFi themselves but want the yields that are currently blooming in DeFi. (I’m talking high 2-digit APY)

Matrixport Sign Up and Referral Code

For those who are interested to sign up with Matrixport and invest into Bitcoin and more, you can click on this referral link here and enjoy a $1288 coupon free trial to try their products (you can’t withdraw this) and earn $20 in USDC when you sign up successfully and become a qualified client!

Overall Rating: 9/10

Security Rating

Rating: 5 out of 5.⭐⭐⭐⭐⭐

Product Offering

Rating: 5 out of 5.⭐⭐⭐⭐⭐

Ease of Use

Rating: 4 out of 5.⭐⭐⭐⭐

If the platform would be as seamless as Gemini for example, then it would have easily gotten a 10/10 and also if more people knew about such a gem, then again more users would be recommending the platform.

There is huge potential for Matrixport to gain popularity in Singapore as they have one of the most advanced and diverse product offering that caters to any kind of crypto investor in Asia.

The institutional investors have been enjoying their privileges for the longest time while retail investors use amateur and low quality platforms.

Times have changed now.

With Matrixport, retail investors can also enjoy the level of sophistication offered only to the big investors such as the Dual-Currency Product and crypto funds which were previously out of reach for most retail investors.

With top in class security, the Matrixport ecosystem will definitely thrive over the long run. Forget the marketing, the product will speak for itself.

Give it a try yourself today** [here](https://invest.matrixport.com/inviteRegister/en?invite_code=UPH8XS)!**

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I use StocksCafe to keep track of all my investments + research on stocks. You can also view my portfolio as well as many others so you can compare your own performance with other investors. If you are interested in signing up, you can use my referral link to sign up and access premium features for 1 extra month for new users. (3 months)

The Power of Low Fees

One huge advantage I have as an investor is paying very minute fees which can really eat into returns in the long run because I am using Firstrade to buy US Stocks which has absolutely $0 fees and extremely fast wire transfers for deposits and lightning fast trade executions.

Ever since I switch to Firstrade last year as my main investment vehicle, I saved up on a ton of fees and hence able to achieve way better returns than before. I saved up more than 5 times the fee paid in 2018, 2019 and 2020 this year due to the switch and I am really happy thus far.

Of my entire investments in 2020, fees only take up 0.1% of my entire portfolio! (2018+2019+2020 combined across all brokers and Robo)

If you need some inspiration for companies to research, you can check out my post on 5 stocks to buy if the market crashes here.

For those who are already into Crypto

Want to learn how you can earn high yielding interest rates on your idle crypto assets in a secure, safe and easy manner?

You can read up more on my post here to learn more about Celsius and Nexo which give you interest on your crypto assets or read up more on Hodlnaut here which is a local based crypto lending platform with market beating interest rates!

Or do your due diligence on Bitcoin in my post here and also my crypto

exchange of choice Gemini here if you are looking to buy your first crypto!

Or do you want to learn more about DeFi in a simple to understand manner? Click here to learn more!

Referral Links (Click and Sign Up)

Gemini Exchange: Deposits and buy US$100 or more crypto on Gemini and you will earn US$10 in BTC.

Coinhako Exchange: You can create an account by clicking the link and then enter promo code: COINGECKO when doing a buy/sell and enjoy 20% trading fees discount!

Binance Exchange: Create a Binance.com account here and trade the widest range of crypto pairings!

Hodlnaut: Earn US$20 in BTC/ETH/USDT/USDC/DAI for free with your first transfer of US$1000 or more in the corresponding crypto asset of your choice!

Celsius Network: Earn US$40 in BTC for free with your first transfer of US$400 or more in any crypto asset and wait for 1 month!

Nexo: No referral events at the moment 😦 Just sign up and enjoy this great product!

Disclaimer:

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.

Do note that this is not financial advice. If you are in doubt as to the action you should take, please consult your stock broker or financial advisor.