MERCATOX Reviews Read Customer Service Reviews of mercatox com

MERCATOX Reviews Read Customer Service Reviews of mercatox com

Furthermore, Mercatox has not had major hacks frequently recurring hacks as the crypto market has been developing. With numerous hacking attempts that have been implemented the platform has managed to withstand the attacks with their security system and that says a lot in itself. Check with a local accountant to check if any tax is due on your cryptocurrency trading. Yes, because of how easy-to-use its web and application interfaces are, Mercatox is seen as one of the best options for beginner traders. The overall interface is brilliant and easily navigable, with a search bar that lets you explore the crypto offerings available at Mercatox. To open an account at Mercatox, the first step to get started is to provide your name, email address, password, and the state you live in.

Margin Lending

For the verified account holders, they can withdraw up to the equivalent of 5BTC per day. Mercatox review – compared to most cryptocurrency exchanges this exchange is multifunctional with more to offer than just cryptocurrency trading services and this is why it is worth reviewing. Like any other online service, the reputation of an exchange is very important when it comes to looking for a reliable one to work with. Therefore, this in-depth Mercatox review will provide you with enough information to help decide whether you can rely on Mercatox exchange to fulfil all your trading needs or not. At Trading Browser we aim to protect the end-user by delivering content that is fully transparent and aimed at user experience, trust, and security above all else. In a nutshell, we are a crypto guide with the right ambitions and values.

• The availability of mobile applications for such platforms is highly crucial for investors that are always on the go.
• Trading commissions at Mercatox work similarly to traditional share dealing fees.
• While you’re selecting your preferred coin, you will see a chat room on the trading page.
• International users who can use FTX International may prefer FTX for these reasons over Mercatox.
• Outgoing Mercatox transactions to outside crypto addresses normally require a network fee, also known as a mining fee.
• You can actively vote for new coins that are getting released on the platform.

Mercatox Trading fees

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.

How To Open A Mercatox Account

Mercatox notes a difference between verified and unverified accounts. Customer support is important for users because it increases the level of confidence they have in an exchange. Many Mercatox reviews state that they are relatively slow in their response although very helpful. Every exchange has a unique dashboard and trading view and it is up to the use to really decide which one works best for them.

Exchange order books are visible to users and clearly laid out for both buy and sell orders, as well as the exchange’s trade history. It grew to provide support for many cryptocurrencies without the need for KYC, and even offers margin trading access. Mercatox is not regulated in any jurisdiction and therefore does not deal with any fiat deposits or withdrawals. The web-based, proprietary trading platform can be customized as per the user’s needs. Users can easily set the crypto price, order type, and the amount of trade they want to execute.

Mercatox Crytocurrency To Crytocurrency Trading

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.

I’m compiling a legal package against Mercatox, if anyone would like to contribute their issues/experiences to this please feel free to contact me. Mercatox also has various withdrawal fees such as ~0.0004 BTC, 0.008 ETH, and 50 DOGE. Among brokers that charge withdrawals fees, these are pretty standard rates, but there are brokers (like FTX) that don’t charge anything unless it’s an ERC-20 token, so it still isn’t ideal.

Mercatox Review Verdict

The accepted payment gateways include OKPAY, Perfect Money, Qiwi, Payeer, Yandex Money. The information mentioned above is just the tip of the iceberg when it comes to my experience with Mercatox. To be fair, I found a number of interesting features and advantages during my time on the platform. This exchange shouldn’t be used, unless you don’t mind throwing money away. Ever since I did my one and inly transaction there is a continuing maintenance on my crypto that isn’t allowing me to do anything with it. My only light to this is that it was a small amount of money I used to try them out.

At present, Mercatox offers trading services for Bitcoin, Dash, Dogecoin, mercatox review Ethereum, Litecoin, OkPay, Payeer, PerfectMoney and Ya.Money. No, you can trade cryptocurrencies on Mercatox anonymously without sending in your KYC documents. However, keep in mind that without a full identity verification your daily withdrawal limit is only BTC 1. So let’s say that you have a new favorite coin that you want to trade but can’t because it’s not out on the market yet.

All users can trade without restriction of limits, regardless of KYC status or not. Kraken is accessible in 48 US states with KYC and is regulated and licensed by FinCEN in the USA, while US users can also use Mercatox but it is not regulated nor can be deemed as entirely trustworthy. Therefore, Highway Media Group doesn’t bear any responsibility for any trading losses you might incur as a result of using this data. Highway Media Group may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. Users can earn quite a reward for referring other traders on the platform who get invited via a referral link.

• The interface is a clean and well-designed Web-based trading platform that also offers lending and multi-currency options to explore.
• While Mercatox clearly advertises lending as one of the their main tabs, it isn’t accessible from the United States or any other country via a VPN.
• After that, you verify your identity (a two-factor authentication setup is recommended).
• Other than offering trading services for a wide range of digital tokens, Mercatox exchange also offers a lending platform for its users, a payment service, and a multi-currency wallet (for both personal and commercial use).
• The Mercatox app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website.

As discussed previously, Mercatox offers a multi-currency wallet to all users. The wallet gives users the option to store all their different coins in one single place. As three of its advantages, the exchange states that it has low fees, a loyalty program and an affiliate program. We will go into more detail on the fees below (see Mercatox Fees), but we can already here say that the fees are not low.

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.