Mercatox Review 2025

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The administration is responsible for the security of the service, so it offers users a mercatox exchange reviews two-factor authentication and verification. Those who are against the identification procedure can do without it, but in this case, you have to limit your withdrawals to 0.5 Bits per day (How to make money on Bitcoin?). Considering the fact that Mercatox is a crypto-to-crypto exchange, it doesn't have any payment methods except for sending crypto coins straight to the wallet address. In the past, there were payment gateways that were allowing users to buy crypto coins or deposit fiat money. There were partner companies that provided Mercatox users with the opportunity to deposit traditional currencies to exchange it for crytpo via bank cards or wire transfer.

Is Mercatox Regulated By A Financial Regulator?

Still, is Mercatox a reliable crypto exchange that can carry out profitable trading operations with any cryptocurrency, or is it a scam? A detailed review of the site can provide answers to these questions and more. Interestingly, some of the biggest crypto exchanges globally do not operate in Canada. For example, Binance, which is the biggest crypto exchange platform in the world by trade volume, left the Canadian market in 2023 due to regulatory restrictions. There are over 535 crypto exchange platforms in the world.

Mercatox Network Fee

Verified users can withdraw an amount worth 5 BTC per day while unverified users can withdraw only up to 0.5 BTC worth amounts. As for trading fees, Mercatox is slightly more expensive than most of the other exchanges. Mercatox exclusively accepts cryptocurrency deposits, excluding other traditional methods. Prospective traders without cryptocurrencies must first acquire them from another exchange before initiating trades on Mercatox. Mercatox offers remarkably high limits and they depend on the user’s account level.A user’s account level is determined by the amount of information they have verified.

Security

All questions arising from it can be asked to traders or the support service via chat. Choosing the best crypto exchange platform can help ensure you have access to the range of coins and trading features you need. It also helps to make sure you’re getting the most competitive fee structure for your crypto trading plans so you’re not paying more than necessary. There are thousands of cryptos, and it’s tough to find a platform that lists every one. Most exchanges support major cryptos like BTC, ETH and SOL, but rare altcoins may be much harder to find. The best crypto exchanges in Canada let you deposit CAD, but support for other fiat currencies varies.

US investors should conduct an independent assessment to ensure compliance with residency or citizenship regulations. In some cases, trading restrictions may apply, limiting access to potentially ideal cryptocurrency exchanges. Users can withdraw their crypto to fiat any time they want through an ACH transfer. Mercatox also allows instant cash-outs to cards or bank accounts in exchange for extra fees. Mercatox makes a solid choice for traders looking to trade crypto as it has a sleek, easy-to-use interface, signing up is straightforward, and most of its processes are simple.

Frequently asked questions about the best crypto exchange platforms

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. Mercatox review – compared to most cryptocurrency exchanges this exchange is multifunctional with more to offer than just cryptocurrency trading services and this is why it is worth reviewing. Like any other online service, the reputation of an exchange is very important when it comes to looking for a reliable one to work with. Therefore, this in-depth Mercatox review will provide you with enough information to help decide whether you can rely on Mercatox exchange to fulfil all your trading needs or not. The platform allows clients to work either with their own funds or with leverage.

The agreement is valid when using the services or account. The client has the right at any time and for any reason to close his profile on the site, following the instructions set out on the service. The company may not disclose the reason for the termination or suspension of the account. “User Agreement” – is the main document of the project, which provides information on the rules of trading activities, as well as the duties of clients and organizers. Each user must read the agreement before starting registration on the exchange site.

It is also worth taking into account that trading activity itself is quite a risky process. Like stock trading platforms, centralized crypto exchange platforms will take a small fee for each trade in exchange for customers using their platform. Unlike Decentralized Exchanges, a Centralized Exchange will allow you to trade fiat money for crypto. Mercatox is a crypto-to-crypto exchange that doesn't deal with fiat money. More than that, there is no such a feature as buying cryptocurrency for fiat money via bank card, PayPal, or other methods like on many top crypto exchanges. To make comparing even easier we came up with the Finder Score.

Mercatox also enables traders holding digital currencies with them to take part in staking rewards. Staking is similar to earning interest with a bank account. Staking generates revenue from traders’ holdings as they are utilized for validating transactions in a digital currency. Mercatox takes care of the technical side, and the extra coins are sent to the trader’s account on an established schedule.

Information provided by various external sources

  • It is also worth taking into account that trading activity itself is quite a risky process.
  • Trading or investing in cryptocurrencies carries with it potential risks.
  • 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.
  • Mercatox registered users can request support through email, phone, live chat when available.
  • If you can't help but trade them, probably Mercatox can be a decent choice for this.

It also decreases the chances of an investor to potentially receive funds from insurance companies. Nevertheless, it is a company that has security measures to ensure the safety of its client’s funds so it shouldn’t be a problem. Mercatox is a new peer-to-peer cryptocurrency exchange that is attempting to cater to the needs of retail traders and investors. They have increased their user base exponentially in the last couple of years, and at the time of writing this post, they have more than 700,000 clients. My withdrawal of Cryptos are still in Processing Mode nearly 4 days after I hit the withdrawal button. Unfortunately there is ZERO COMMUNICATION from The MERCATOX SUPPORT DESK.

  • MERCATOX, if you are ethical and you care about your clients and their money and you are watching.....PLEASE, PLEASE, COMMUNICATE with us and start sorting all of these issues out.
  • Also, customer support needs to be more responsive, and they need to feature telephone support to establish reassurance among the users.
  • Withdrawal for LTC was unavailable so i submitted a ticket to costumer service.

Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. A Centralized Exchange, also known as CEX, are crypto exchange platforms that act as a brokerage service between the trader and the coins. These platforms are typically regulated and provide services similar to standard stock trading platforms. As the cryptocurrency sphere is still attractive for all kinds of scammers, we have to be cautious when choosing the trading platform.

What matter is that some people lose their money on Mercatox and when some of them try to get assistance from the platform, they are not getting it for months. The E-Wallet tab contains the Mercatox E-Wallet service. It allows users to send and receive crypto-assets instantly. Moreover, Mercatox users can purchase goods via this wallet.