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Withdrawal to personal wallets is free, but any other type of withdrawal contains fees based on each currency or electronic payment method, available here. I feel Mercatox https://forex-review.net/ seriously misses the mark with customer support and services. The crypto exchange comes with its own dedicated forum-style website form and a support email for issues.

1. Yes, the platform appears to be safe from the various customer reviews even though it is not regulated under any regulatory authorities.
2. Mercatox is a multifunctional cryptocurrency exchange that provides its clientele with a variety of services related to cryptocurrencies.
3. Without online support, it becomes extremely difficult to rectify any issues that may surface.
4. Mercatox only allows crypto deposits, withdrawals, and trading.
5. Overall, the wallet is pretty well put together and easy to use, but also fairly standard within the industry.

This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. This is perfectly in line with the industry average that is arguably also on 0.25%.

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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. The only real difference is that instead of sending funds to Mercatox, they would rather be sent to the user’s crypto wallet. Unverified accounts will have a daily 1 BTC withdrawal limit, while verified accounts can withdraw up to 5 BTC. It can be difficult for investors or traders to determine which platform best matches their needs.

Coin in maintenance for 2 years

He holds a bachelor’s degree in international business from Saimaa University of Applied Sciences. No, Mercatox does not require any KYC or AML policies to comply with. The platform allows extensive coin-to-coin trading at a low trading fee of flat 0.25% on all trades. Yes, the platform appears to be safe from the various customer reviews even though it is not regulated under any regulatory authorities. In this Mercatox review, all the important points related to the exchange are discussed, which will help the traders understand whether the claims made by the platform are true or not.

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This creates a very limited and slow environment for trading at anything beyond the most beginner level. Signing up at Mercatox is easy and free, but it is important to note that it is Web-based only, there is no mobile app available – smartphone use would have https://forex-review.net/mercatox-review/ to be done by browser. If we look at the statistics page on the Mercatox site, we can see that they show 765,000 signups with only 5,000 active users in a 24-hour period. The highest average user-review scores we could find were still well below average.

Deposits are limited to crypto only, no fiat bank options are available, nor is PayPal. There is no fee for deposits, but there are minimum amounts required depending on each cryptocurrency, which you can search here. 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.

Who owns Mercatox 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.

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You can also get in touch using one of the email addresses outlined on the site. To cater to their multi-lingual clientele, Mercatox has made its website available in 3 different languages, English, Russian and Chinese. For the customer support service, you can reach out to the support team through email or through the support center.

After doing so, users will receive a confirmation email enabling them to gain access to Mercatox. Mercatox supports an impressive list of 510 different crypto assets and thousands of coin-to-coin trading pairs. Mercatox boasts support for the majority of well-established projects (Bitcoin, Ethereum, XRP) as well as lesser-known assets like Golem, Curium, and Zenon. On the other hand, Coinbase offers safe and simple withdrawal and payment methods. They support multiple popular payments methods such as PayPal. As for trading fees, Mercatox is slightly more expensive than most of the other exchanges.

On the top bar, one should click on the TRADE icon and start trading. Below, there are two boxes — one box is for buying and the other is for selling. One needs to click on Buy or Sell in order to complete the trade. Besides a generic candlestick graph, there are such options as Hollow Candles, Heikin Ashi, Baseline, Area, and Line. Moreover, there’s a rich choice of indicators that can enhance the trading process of experienced customers who know how to use sophisticated analysis tools.

One can directly contact the exchange to see the full list of supported countries. Some sources name Canada as a location of the exchange’s headquarters. However, users from around the globe can access the exchange, including those based in the United States. Mercatox does not have any compatible mobile application that can allow traders to trade on the go and thus requires users to use their desktop computers to trade on Mercatox. However, if traders wish to execute a trade on Mercatox via their mobile phones, they can do that by logging on to the platform via the web browser.

Mercatox is a centralized cryptocurrency exchange founded in October 2015. By some accounts, this exchange is one of the top 200 cryptocurrency exchanges by trading volume. Mercatox supports numerous cryptocurrencies (over 200 coins which means that some of the currencies can be barely found on other exchanges) and provides a convenient trading interface. The Mercatox trading platform is simple to use and is designed to meet the needs of both professional as well as novice traders. The website lists all the supported cryptocurrencies so that the traders can select their preferred cryptocurrency trading pairs. The Mercatox exchange features a proprietary trading platform that is mainly web-based.

In our ongoing research to find the best crypto exchanges, our experts have signed up for Mercatox. This is a centralized crypto exchange with many of the key features that every trader needs. 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. 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.