Mercatox com Ratings & Customer Reviews Feb ’25

Mercatox com Ratings & Customer Reviews Feb ’25

That being said Mercatox does not provide enough information about how their security system is setup. However, the exchange does encourage its users to setup two-factor authentication in orders to further secure their trading funds. Mercatox is a centralized cryptocurrency exchange with a large presence on the altcoin trading scene with nearly 750,000 users in total and a huge variety of trading pairs among hundreds of different popular and more exotic altcoins. The common goal of the team behind the exchange is to deliver fast and easy-to-access crypto trading to the global crypto scene, something that they have managed to grow since back in 2016. Mercatox is clearly a developing platform with a lot in the works and considerable room for improvement, but it’s still a useable exchange. The trading interface is decent, and they have a lot of markets, though not as many stablecoin markets as most traders would probably prefer.

Do you accept fiat currencies deposits?

The Mercatox app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website. Moreover, due to very low volume, nearly all trades occur among just a few dozen pairs with the bulk of the order book dominated by ETH/BTC, followed by LTC/BTC, TRX/BTC, XDC/ETH and EOS between both BTC and ETH. While some of these can be ascribed to user error, these complaints are far too widespread and consistent to give confidence that funds can be withdrawn in a quick and accurate manner. We could not find evidence of cold storage or encryption protocols.

Special Features

Still useful in its own right, but it’s by no means a traditional news aggregator. The trading interface is not the best, but certainly acceptable and easy to use. The order panels and markets are readily accessible and user-friendly, but the charts are a little unusual. They say the charts are powered by TradingView, but the actual chart panel is long and rectangular, and even if you click to see the chart in full screen, the candles look a bit squished. mercatox review When choosing a platform, caution is warranted if the company lacks regulation by any overseeing agency.

Verified & Unverified

I personally found the P2P lending program at Mercatox unique and interesting. The lending program connects users with each other and allows them to assist each other in trades. The exchange provides almost 360 different trading pairs, and you will find all the popular pairs, including Litecoin, Bitcoin, Ethereum, Dogecoin, and Dash. Mercatox also has a permanent loyalty program in place to appreciate users who promote the platform. All users who promote the platform will get points for assistance with platform promotions. Additionally, Mercatox gives users the option to initiate instant payment gateways.

Mercatox Deposit & Withdrawal Methods

Electronic payment gateways for dollars, rubles or Euros are listed as Yandex, Qiwi, Perfect, OKPAY and Payeer. For those who prefer simplicity, Mercatox forgoes the typical taker and maker fees of most exchanges by offering a flat 0.25% trade fee, which is on the lower end of the scale. Built-in e-wallet, simple trading fee structure, margin trading, and availability in nearly every country (where legal) makes it a fair entry point. With the platform, you can set the order type, the price and the amount as well as the direction of the trade. Once executed, you can view the order history in the order book window. And with margin trading, Mercatox also give you the option to be a lender to other traders.

• Advanced traders and intermediate users alike who value a large selection of cryptocurrencies, products like staking, lending, and more, competitive fee structures, and futures and margin products will prefer Binance.
• Having invested £1,500 in grt I am absolutely outraged that three years later it is still under maintenance.
• Verified users also immediately qualify for the Mercatox affiliate program that offers commissions for referrals, as well as subsequent trade commissions.
• Different cryptocurrencies at Mercatox come with different limitations and set withdrawal amounts.
• To cater to their multi-lingual clientele, Mercatox has made its website available in 3 different languages, English, Russian and Chinese.

How long does Mercatox Withdrawal take?

• It would perhaps be more aptly named notifications as all the content is about newly listed assets.
• Scammers employ persuasive tactics to convince you to make an initial minimum deposit.
• Fees are far more competitive at FTX, since FTX offers both fee incentives for volume and for holders of its FTT token, so fees can easily reach 0.10% or lower at FTX .
• You will then be taken to a registration form that requires basic contact information and your country of residence.
• There is also a lack of some basic options available on many other centralized exchanges.
• Mercatox provides its clients with a multicurrency wallet with the following type of digital currencies below.
• No, however Mercatox notes a difference between verified and unverified accounts.

The minimum deposit limit is BTC 0.0001, the minimum withdrawal limit is BTC 0.001, and the maximum withdrawal limit is BTC 5 daily if you have verified your identity. The benefit of Mercatox is that you can trade many exotic crypto gems that have been released very recently to have a head start over other crypto enthusiasts who are looking to invest or trade these coins. The signup process is very fast which means that you can create an account, transfer funds, and start trading within minutes if you are eager to get into the markets. While Mercatox has my support as a crypto exchange, I feel the staff at the backend could put a little more thought into customer support and the lack of information pertaining to security measures. The interface is bare-bones, and while that works in passing information, it also borders on poor layout and latency issues. While the fees may be higher than Bybit and Binance (0.1%), Mercatox still beats the fees charged by many other popular crypto exchanges.

Higher Fees And Their Lack Of Transparency

The exchange connects investors with each other and helps users take loans from fellow users. The lending process can help users without an upfront investment get the funds they require. I saw all trades come with a fixed 0.25% commission, with withdrawal and deposit fees changing from currency to currency.

As one of the most comprehensive cryptocurrency tax software options on the market, we have import instructions for well over 500+ exchanges. Mercatox charges a percent flat fee on all currency conversions which you will have to factor into your crypto trading. Mercatox enables customers holding crypto to take part in staking rewards.