Mercatox Review Crypto Exchange + Fees + Coin List

Mercatox Review Crypto Exchange + Fees + Coin List

For intermediate and advanced traders, Mercatox is also deficient in key functionality. The lack of a mobile app, limited trade volume, and no traditional fiat options leads to a largely inactive trading community. 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.

Mercatox Hardware Cryptocurrency Wallets

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. While this may seem adequate at first look, I heard serious reservations from many users about the response time for these tickets. Some users received a delayed response, and others are yet to receive a response to their ticket. 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.

Mercatox offers an entire course of tutorials and exams as a means of educating users about digital currency trading as well as some of the digital currencies being offered. Mercatox has an impressively extensive range (over a hundred and growing) of digital currencies that you can trade, not to mention the most popular ones like Bitcoin, Cardano, Solana, and many more. This is in stark contrast to other financial applications or brokers that offer the promise of cryptocurrency trading but provide only a few of the most popular coins.

Multi-currency Wallet

Margin trading is also something they plan to mercatox review incorporate into their platform very soon. 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. Trading fees are 0.25% for both market makers (providers of liquidity) and market takers (takers of liquidity). There are no incentives or tiers based on trading volume, unlike at many other exchanges. There are no other perks or services that are offered, but a unique feature on the exchange page itself is a chatbox. This is a feature that used to be ubiquitous on crypto exchanges in years past but chatboxes have largely fallen out of favor in modern exchanges.

P2P Platform

This cryptocurrency exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors can’t trade here. If you don’t have any crypto but want to start trading here, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here. In order to find exchanges that accept deposits of fiat currencies, use our Exchange Finder here. Mercatox is a cryptocurrency platform aimed at providing a wide range of crypto financial services from trading, to lending, to wallets, to payment systems.

Mercatox Exchange KYC and AML

• Within ZenLedger, on the Import Transactions page and Exchanges tab, select the Exchange you want to import.
• Mercatox exchange supports an array of payment gateways such as Payeer, OKPAY, Kiwi, Yandex Money, and Perfect Money.
• Kraken offers margin trading at up to 5X leverage even for US investors and several other margin offerings, which is a win over Mercatox’s unclear and unregulated margin or leverage offerings.
• In a nutshell when choosing your exchange make sure to see the trading view as well so that you make sure that it is right for you.
• 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.

Mercatox has a decent variety of altcoins for traders to choose from with over 481crypto assets including alt coins listed on Mercatox.Mercatox has a decent variety of altcoins for traders to choose from with over . If you are using Mercatox ‘s basic platform, you will not be able to find a schedule before you proceed to place a trade. Verified users also immediately qualify for the Mercatox affiliate program that offers commissions for referrals, as well as subsequent trade commissions.

• 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.
• You should consider whether you can afford to take the high risk of losing your money.
• The exchange also supports multiple cryptocurrencies, with over 200 coins on offer.
• That being said, the platform is not regulated and does not comply with regulatory policies and trading standards.
• You may only be able to trade some with fiat currencies like the US dollar.
• There is also very little transparency or information about what the exchange is doing to prevent hacks, scams and other potential attacks upon its users.

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. 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.

The margin trading suit is a section of the exchange that is best suited for professional traders with deep pockets as it comes with inherently more risk added. 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. The customizable interface allows you to set different figures for order type, trade amount, crypto trade, and directions for the trade.