Mercatox Review and Warning For This Crypto Exchange
Mercatox – like many other exchanges – makes a difference between unverified accounts and verified accounts. Unverified accounts can still make BTC withdrawals limited to 0.5 BTC per day. If you are a verified account holder, you can withdraw up to 5 BTC per day. Online brokers continue to push the envelope in terms of technological innovations which are evident in the services and trading features that you can access online. In this day and age, the best trading platforms have designed seamless mobile apps which can be used to trade. It provides you with instant access to your account and enables you to keep track of all your trades – even if you are on the go.
- These orders get triggered only at the specified or better price.
- All you need to do is create a profile by filling in your personal details.
- Thus, the site certainly has focused on providing a low-cost trading experience for those who wish to trade in crypto.
- There is also a chat room on Mercatox where traders can discuss the market situation, ask questions about technical analysis, and promote some of their favorite coins.
When you click on Deposit, the window with the deposit address pops up. You just send the coins there and wait until the payment arrives. To withdraw some coins you just should click on Withdraw and provide your wallet address. Users can withdraw coins from the exchange to this wallet for free. Business owners can use the Mercatox wallet to accept payments through the integration of the wallet into the business website.
Austin specializes in topics related to cryptocurrencies and blockchain technology. Like many platforms, Mercatox has a news section (also accessible at the bottom of their homepage). It would perhaps be more aptly named notifications as all the content is about newly listed assets.
The fee structure of Mercatox is simple as a 0.25% transaction fee applies for all trades. Whilst it is not as cheap as UniSwap (0.05% – 1% fees) or Binance (0.1% fees), Mercatox’s trading fees still beat a lot of popular crypto exchanges and it provides some value for money. Founded in 2016, Mercatox is a United Kingdom-based Decentralized Exchange (DEX) that serves more than 600,000 users across the globe. The Mercatox crypto exchange boasts many features designed to elevate the trading experience. These include a Peer-to-Peer (P2P) crypto exchange, margin trading capabilities, and an in-built cryptocurrency wallet that stores digital assets. The Mercatox crypto exchange is a decent place for beginning traders to quickly sign up and get a feel for the layout and options of a typical exchange.
Mercatox Features Explained
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. Trading Browser is a global crypto guide for all traders and investors and our focus is always to deliver high-quality content for you, our readers. Some of our platform recommendations might be our partners and we may earn money through our links on our website but this does not change our opinions as all our recommendations are our own. Mercatox is seeking to attract customers from all over the world by offering them a platform in various languages such as English, Chinese and Russian. It has developed simple to use platform that let traders trade multiple crypto coins.
If you are slightly hesitant to use the site without more information on the matter, we suggest you complete an online form and submit it to the support team. This will ensure that you receive a complete overview of any additional fees that might come back to bite you. No, you can trade cryptocurrencies on Mercatox anonymously without sending in your KYC documents.
Mercatox Withdrawal Fees
As a dedicated crypto exchange reviewer, I am always ready to try new crypto trading platforms and exchanges. My interest piqued when I heard of Mercatox, the crypto exchange making rounds for all the right reasons. Similar to most crypto exchanges, Mercatox offers an order book-style exchange. Users can see sell and buy orders for any pair and the total volume for each side, providing valuable information helpful in determining buyer sentiment.
Mercatox Review: Pros, Cons, Fees, Features and Safety
Traders can view prices from both the e-currency market and the cryptocurrency markets. These figures vary depending on the currency to be withdrawn or deposited. The instant withdrawal limit in the BTC equivalent is constant. Verified users can withdraw an amount worth 5 BTC per day while unverified users can withdraw only up to 0.5 BTC worth amounts. There you can see the full list of supported cryptocurrencies with buttons Withdraw, Deposit, and Send.
It should be noted that ID verification is not compulsory and users can use the platform to trade crypto-to-crypto without KYC. However, they do encourage users to turn on two-factor authentication to increase the safety of their accounts. This step creates an additional layer of security as users will not be able to log in without inserting a one-time password generated on the mobile device of the user.
Find out more about Mercatox and any potential app in our latest review. Our latest Mercatox review UK looked into the payment options on hand on this exchange. Various online trading sites allow you to deposit using a number of payment solutions. Mercatox has bucked the trend somewhat as they enable you to make deposits via their in-house e-wallet. Once you have accessed the e-wallet (by clicking on the tab at the top of the home page), you’ll be able to make a deposit.
Mercatox Trading Platform
Thus, it is possible to trade the most popular cryptocurrencies as well as trade those digital coins that are more obscure and tend to exist within niche markets. Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before mercatox exchange reviews exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism. However, the list is updated regularly with new possibilities like the ability to sell your points likely to be added soon. The homepage informs all visitors about the advantages of the platform and describes all the features in short. In the upper part of the website, there is a menu with 3 tabs (Trade, Lending, and E-Wallet).
Deposit and Withdrawal Methods
On Reddit, there are posts containing serious accusations of Mercatox. Unfortunately, such proofless accusations are not rare in the cryptocurrency sphere and each of us independently decides whether we should take such reports into account or not. These orders get triggered only at the specified or better price. It happens when the market price doesn’t reach the price specified by the user or gets worse than this price. What’s good is that if such an order gets triggered it always gets triggered at the desired or better price.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Once you fill the required data you need to press the Log in button. Following the login, a new screen will permit users to select any protection method that you like the most. The user can easily turn off the protection from profit settings. Don’t invest in crypto assets unless you’re prepared to lose all the money you invest. In the website section called AML KYC, you can read that the company takes AML laws seriously.