Mercatox com Ratings & Customer Reviews Feb ’25

Mercatox com Ratings & Customer Reviews Feb ’25

The page for trading separately lists all cryptocurrencies covered by the exchange, which allows users to select a coin of their choice. While you’re selecting your preferred coin, you will see a chat room on the trading page. The chat room helps initiate conversations and can also help pass on helpful tips. I also found the free universal wallet to be functional because it helped me store multiple fiat and cryptocurrencies.

This exchange shouldn’t be used!!

Since Mercatox does not allow any fiat deposits, it may not be suited for new cryptocurrency users, as users would have to first obtain cryptocurrency elsewhere to send to Mercatox. Thus, Mercatox may be an exchange best suited for accessing rare coins that US exchanges do not allow, such as XRP, trading in small amounts, or for international users who have limited availability in exchange choices. The fees for trading are also quite high at 0.25%, irrespective of volume or maker-taker status, which means that liquidity providers and higher volume traders are not incentivized.

Trade With A Regulated Broker

Mercatox allows you to trade around 481 digital currencies including BTC, ETH, DCN, BCH, NIO, TRX, DASH, COB, DOGE, PRIX and many more. Mercatox has not experienced long periods of exchange-wide downtime, but they do advise users of periodic maintenance that can make the exchange unusable for several hours at a time. A loyalty program is available by application that issues point rewards, discounted fees and other benefits for various levels of platform promotion.

Withdrawal Fees

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.

• You can become a part of the loyalty program by reposting Mercatox news across social media, managing topics in public discussions, and answering questions related to Mercatox’s UI.
• FTX will win against Mercatox for even beginner traders unless specifically seeking KYC-free trading, as FTX offers fiat functionality, 323 coins and 492 trading pairs, which is again higher than Mercatox’s selection.
• Obtaining assistance via live chat is by far the most common means of customer service compared to other types of support.
• Coinbase is a public US company and offers transparency into its industry-leading security along with its brand reputation, while Mercatox is not, though US users are not explicitly banned from using it as per TOS.
• They do not reflect any official governmental approval or regulatory compliance.
• Unfortunately for Mercatox, despite having resolved major issues in the past, it remains too low on our overall evaluation of trust to suggest trading on the exchange at this time.

Accepted Currencies

It is similar to interests in a bank account; however, it comes with its risks. This generates revenue from a user’s holdings because they are used to authorize crypto transactions. You can use exchanges to trade one cryptocurrency for another like Bitcoin to Dogecoin.

The interface is a mercatox review clean and well-designed Web-based trading platform that also offers lending and multi-currency options to explore. Like most cryptocurrency exchanges, Mercatox differentiates between unverified account and verified the account. Naturally, with verified accounts, the withdrawal limits are higher. Nevertheless, unverified accounts can still make BTC withdrawals limited to 0.5 BTC per day.

Using the Mercatox website, you can also convert cryptocurrency into US dollars and vice versa. Despite the limited features of this exchange, it still offers plenty of advantages. The platform supports multiple cryptocurrencies and offers a variety of currency pairs.

Customer-specific discounts

On the same date, the platform’s 24-hour trading volume was USD 16.2 million, giving it place no. 84 on the list of the exchanges in the world with the highest 24-hour trading volumes. The UI definitely needs some work, and there is a lot of information missing, but each section is organized and often includes step-by-step picture walkthroughs. Mercatox and Gemini can be compared in the scope of their offerings, but Mercatox offers even less crypto financial services than Gemini.

• Some of the exchange’s webpages are also not well developed and the exchange in general has a very old-fashioned feel to its look.
• In a nutshell, we are a crypto guide with the right ambitions and values.
• As we’ve already established, Mercatox exchange offers a bunch of products and services to its users.
• Mercatox is not regulated in any jurisdiction and therefore does not deal with any fiat deposits or withdrawals.
• The most important features of the platform are for sure the number of listed coins that are available for all trader no matter the geographic location and the seamless trading interface that every new trader can understand and use from day one.
• Mercatox enables entitled customers to learn about digital currencies through their educational resources offered.

If an order does not execute, there is no fee charged until it does execute at a later point, or it can be canceled. Mercatox exchange supports an array of payment gateways such as Payeer, OKPAY, Kiwi, Yandex Money, and Perfect Money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. Mercatox ‘s customer support can be contacted via email, live chat, and via Twitter.

What is Merxatox Exchange?

If you’re in search of a new cryptocurrency platform, you may have come across Mercatox. This platform aims to provide for all of your crypto needs in one place. Mercatox includes a variety of features such as trading, lending, wallets, payment systems, news, and more. Learn more about this cryptocurrency platform by reading our complete Mercatox review. 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. How far it will go in its development who knows, but with the information provided you are sure to make your own evaluation and decide on whether to invest with Mercatox or not.