If you are a wealthy individual and want to take on more risk than usual you are well suited to trade crypto with margin on Mercatox. This process is very easy to execute and once you have transferred your tokens to the exchange you are free to trade any of the 700+ crypto trading pairs available. During my experience, I found Mercatox to be a decent crypto exchange. It provides reasonable trading options for crypto traders and has been operational since 2016. While the fees may be higher than Bybit and Binance (0.1%), Mercatox still beats the fees charged by many other popular crypto exchanges.
- The peer-to-peer cryptocurrency exchange provides you with real-time updates and executing an order is extremely efficient.
- I too have never placed a review here but I feel compelled to do so because of what I and others are experiencing.
- Mercatox is based in the Marshall Islands and the main company operating the business is called MX Digital LTD.
- These rewards are 2 types, the loyalty program, and the affiliate program which have 2 subdivisions inside that are 1st and 2nd level referrals.
- According to a Mercatox review, the platform permits customers from all across the globe to execute a trade.
Mercatox allows multiple instant payment gateways like OKPAY, Payeer, Yandex Money, Qiwi, and Perfect money.
The platform can also be accessed from anywhere around the world. Mercatox is a cryptocurrency exchange that provides a multicurrency wallet to its clients. Once the trading account is successfully set up, users will be directed to fund their account using any of the supported deposit methods, after which they can seamlessly trade on the platform. Withdrawals are available with fees applied to them however the fees are quite reasonable and match the average of the market. Some reward options are set in place to reward clients who spread the word about the broker.
Is Mercatox safe?
Hello to everyone.Forexbrokerslab is my personal blog where I review reliable forex brokers. Forexbrokerslab is a project that aims to educate and protect forex traders. In this blog you’ll find practical guidance, unbiased reviews and much more. Customer service is set in place with different ways to get in touch. Its easy to open an account with the broker yet I’d advice to check regulated brokers first. For starters, they don’t obtain any sort of regulation or license to carry out the operation and that raises a big red flag regarding the broker.
An exchange as prominent as Mercatox should focus on customer support and not drop the ball, especially when it is doing so well in other areas. There are different reports on how long it really takes to withdraw money from Mercatox. Some users claim they withdraw their coins in a matter of seconds while others cannot withdraw for months without clear reason. Unfortunately, the support team of Mercatox is not in a hurry to help such users. Our advice is always the same when it comes to crypto exchanges, always ensure you do your due diligence before deciding on the platform that suits your needs best.
Does Mercatox have a mobile app?
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. We have listed above their minimum deposit requirement related to each coin. In some cases, if you send less than the minimum amount your funds will be lost.
Five Things to Know in Crypto This Week: SEC v Ripple and SEC v Coinbase
This is done from the Trade tab in the main menu of the exchange. Ok, so you are a fan of Mercatox and want to help promote the platform and earn some nice rewards in return. Great, then I recommend that you head over to your Profile tab and click the Loyalty Program tab. However, since KYC verifications are important for Anti-Money mercatox exchange reviews Laundering measures, I recommend all readers fill out the details before starting. Even Mercatox realizes the importance and asks users to fill up the form to increase their withdrawal limits. The customizable interface allows you to set different figures for order type, trade amount, crypto trade, and directions for the trade.
It is an altcoin trading exchange for all kinds of traders that offers a very simplistic approach with a very fast execution system and over 700 altcoin trading pairs listed. It is well suited for both beginners and seasoned day traders. The chat room is another interesting feature that we don’t see very often and it gives a good sense of community among all traders online on the platform. The only way to deposit money on Mercatox is with cryptocurrency to your wallet on the exchange. 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. Choosing the right cryptocurrency trading platform plays a vital role in enhancing returns from volatile cryptocurrency markets.
Does Mercatox support fiat deposits?
Remember, you need to enter in the address where you plan on sending the crypto you are withdrawing. Execute the withdrawal once you are sure all information matches. You will incur a transaction fee for withdrawals and this varies across the board. You can view your latest trade history as well as a complete list of buy and sell orders. Mercatox has moved to include a lending program for potential investors.
Verified & Unverified
Mercatox aims to ensure that there is something for everyone available on the platform. As a result, Mercatox supports an impressive 510 different cryptocurrencies, with the Mercatox team planning to add more over the coming months. Mercatox is available in most countries worldwide, including the United States (US), the United Kingdom, and Australia.
Market orders can be used to buy or sell assets at the current price (the trader cannot specify this price when placing a market order). In markets with high liquidity, market orders usually get filled instantly. The chance that the market order is not going to get filled is very little.
Withdrawl pending
The name statistics is a bit misleading as it’s really just a generic price page offering the same statistics as pretty much any other platform’s price page. Mercatox has hundreds of supported assets and trading pairs; however, most of those pairs are paired with BTC or ETH. They still have a handful of assets paired with stablecoins, but depending on the assets you like to trade, you may have to execute multiple trades if your unit of account is not Bitcoin or Ethereum. They also only support limit orders at the moment despite advertising otherwise, but market and stop orders could easily be added in the near future. Margin trading is also something they plan to incorporate into their platform very soon.
As the cryptocurrency sphere is still attractive for all kinds of scammers, we have to be cautious when choosing the trading platform. Before using exchange we should make sure that it provides a decent level of security and is not involved in any fraudulent schemes. Trading itself is a risky business, so we can’t afford to increase these risks by trusting the shady platforms.
Mercatox is a convenient and advantageous platform for trade, exchange of various currencies, which can be used by both experienced traders as well as beginners. For verified users, there is a maximum withdrawal of 5 BTC (or equivalent) per 24 hour period. For unverified users, the maximum daily withdrawal limit is 0.5 BTC (or equivalent). The following sheet shows the withdrawal fees, as well as the minimum deposit and withdrawal amounts. As far as the exchange functionality, advanced charting features are integrated with TradingView support, and several BTC and ETH trading pairs are offered to trade.