Most user feedback about this exchange is concerning, and people generally seem to have faced crucial issues with them. Whenever a firm is active for more than a couple of years, they gain a reputation, and in today’s time, it is almost impossible to keep clients from sharing their experience online. Withdrawal fees are also present, and for the latest rates, it is always better to check with their platform as they are subject to change. Compared to the big names in the sector, such as Binance, the customer support provided by this firm is not that great.
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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. Furthermore, Mercatox has not had major hacks frequently recurring hacks as the crypto market has been developing.
The World’s Leading Crypto Trading Platform
Unfortunately, the support team of Mercatox is not in a hurry to help such users. There is also an option of getting help through voice calls and by writing to the customer support through the website’s social media accounts, including Facebook, Twitter, and Telegram. Theoretically, Mercatox can be used in most countries as the terms and conditions don’t point to any country as prohibited. It is however stated that the use of the service can be prohibited in certain countries due to cryptocurrency-related laws. So it’s up to users to check if they can actually use Mercatox.
Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews. I star with 200 after i did the transfer they ask me 500 to payme the profit.
- To do this, it is allowed to raise any amount of funds and use the option of margin trading.
- Certain platforms only allow you to trade through a web browser, while other offer mobile apps for buying and selling on the go.
- This allows Mercatox customers to withdraw to authorized devices.
Mercatox is convenient and advantageous platform for trade, exchange of various currencies, which can be used by both experienced… Registration here is fast, verification is recommended, but not obligatory. If you refuse it, you should be prepared for limitations on withdrawal amounts, but if you only plan to conduct modest transactions, this is insignificant. Those who intend to engage in full-fledged trading should verify the account because it will increase the safety of funds (How to Make Money on Cryptocurrency?). After completing the procedure to confirm the identity of the trader, you can move directly to the trade.
Mercatox Withdrawal Methods
Rest assured, our extensive price comparisons and informative cryptocurrency guides are here to assist you every step of the way. Mercatox does not currently offer margin trading or leverage options. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
At the same time, they refer to the fact that a number of promised options either do not exist, or they began to work with a delay. Sometimes there are problems with logging into the site mercatox.com but often this is due to overloading of the network, etc. The resource also has its own token – Merca, which will allow its owner to receive a stable profit from operations. The bidding, which included 20,000 Merca worth 100 Bitcoins, was successful, with nearly 5% e-coins sold during the first stage. Merca is not a cryptocurrency in the broad sense of the word; it can only be traded within the platform.
You won’t get the full service from Mercatox if you don’t provide the required data. Withdrawals to credit cards require more details including the bank’s written permission. On Reddit, there are posts containing serious accusations of Mercatox.
- Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us.
- If one needs the opportunity to withdraw over 1 BTC per day, she/he should submit personal information to verify the account.
- Unlike many exchanges, they adore decentralization to an extreme level, and clients can even withdraw from this platform without having to complete KYC as well.
- Mercatox works best particularly for active retail traders seeking to trade as well as store multiple digital currencies, as it offers an element of convenience.
Min Withdrawal
Usually, crypto exchanges have a separate section for margin trading. Another aspect that makes margin trading on Mercatox unusual is that leverage is taken from other traders, not from the platform. It means that on the other side of things you can be a lender. Mercatox works best particularly for active retail traders seeking to trade as well as store multiple digital currencies, as it offers an element of convenience. The platform also happens to be a viable option for institutions and businesses looking to utilize digital currencies, and it allows traders to convert one digital currency to another. About MERCATOX and our plansMercatox is a modern service for accessing e-currency and crypto currency exchange markets.
Find the best crypto app, exchange or trading platform available to Canadian residents.
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. Then the potential user is required to submit an email address, set the password, and agree on terms and conditions.
Mercatox Crytocurrency To Crytocurrency Trading
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. Also, there are a plethora of obscure coins that can be found, and this is one of the biggest sources of criticism for the exchange with many of the tokens dubbed useless by the platform users. Even further, many of these coins are called scam coins by the exchange users.
Mercatox employs a flat fee model, charging a uniform fee of 0.25% for both makers and takers. This aligns with the industry average, where makers provide liquidity, and takers remove it. The Mercatox app can be found on the Play Store on all Android devices, offering the same features as the desktop website. The Mercatox app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website. Liquidity also allows for significant transactions without any problems. Although Mercatox has a vast variety of altcoin choices for beginner investors to interest themselves in.
Response time and working hours are also not stated, but as they are located in the UK, we feel it is safe to assume that the schedules will be based on the local time zone. Many reputable sites like FXempire, Coinintelligence, and Insidebitcoins have posts on them. Not to mention, the user feedback about them for the most part is also not that great, and there are many things about them you need to be aware of before opening any positions via their platform. They don’t go by your schedule & if you want full time or a certain day off they won’t give it. Plus one time my husband food had glass in it & they never gave us a free meal. He had the glass in his mouth & they didn’t do anything but say sorry.
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One thing that I know that on this exchange prohibited double accounts. So I think if stick to their rules everything will be ok. Mercatox distinguishes between verified and unverified accounts. mercatox exchange reviews Verified accounts enjoy higher withdrawal limits, with unverified accounts restricted to a daily BTC withdrawal limit of 0.5 BTC.
The point of this Mercatox review is to provide honest and transparent feedback of the platform. That being said, the platform is not regulated and does not comply with regulatory policies and trading standards. Even though Mercatox is based in the UK it is not regulated by FCA. Without regulation there is a higher risk of potentially losing your funds.