Mercatox Reviews 2024 : Is Safe for Cryptocurrency Trading?

Individually vetted and selected, and validated by customer reviews, our 600+ independent owners are guaranteed to be the best your city has to offer. On Reddit, there are posts containing serious accusations of Mercatox. Unfortunately, such proofless accusations are not rare in the cryptocurrency sphere and each of us independently decides whether we should take such reports into account or not. In general, the Mercatox user community is quite active in the comment section of the Mercatox Twitter account and it’s safe to say that most of them are loyal to the platform. There are almost no complaints, most of the reactions showcase a positive and trustful attitude. All in all, the loyalty reward program is designed to incentivize recommending the platform to more users.

  1. There are different reports on how long it really takes to withdraw money from Mercatox.
  2. Theoretically, Mercatox can be used in most countries as the terms and conditions don’t point to any country as prohibited.
  3. Despite several attempts, the platform remains strong enough to tackle hackers.
  4. However, these days, many popular exchanges (e.g. Gate.io, Binance, HitBTC, etc) support even more coins.

If you can’t help but trade them, probably Mercatox can be a decent choice for this. There you can see the full list of supported cryptocurrencies with buttons Withdraw, Deposit, and Send. 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. With its proprietary web-based trading platform, traders can easily set the price, order type, and the amount combined with the direction of the trade.

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There are signs that the website is not updating since about the same time. The chatbox is active and the official Twitter of the exchange makes announcements once a month or so. To get started on Mercatox, one should visit the official website (mercatox.com) and click on the Sign Up icon. The homepage informs all visitors about the advantages of the platform and describes all the features in short. In the upper part of the website, there is a menu with 3 tabs (Trade, Lending, and E-Wallet).

Mercatox Exchange Review 2022 – Is It Safe?

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. 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.

Mercatox Review – Conclusion

It means that the Mercatox team has low responsibility for your funds. Mercatox exchange is located in the United Kingdom; however, users worldwide can access the exchange. Users can see the full list of mercatoc supported currencies and countries on the exchange’s website. Yes, the platform appears to be safe from the various customer reviews even though it is not regulated under any regulatory authorities.

Many of the supported coins are not available for withdrawal due to maintenance. Fees and limits are higher than the average commissions that can be stumbled upon in 2022. It’s hard to predict if Mercatox will ever recover or will it be in the development stasis state forever. The only selling point this exchange has in 2022 is that it supports some of the rarest coins.

In order to find exchanges that accept deposits of fiat currencies, use our Exchange Finder here. Mercatox – like many other exchanges – makes a difference between unverified accounts and verified accounts. With verified accounts, the withdrawal limits is higher. Unverified accounts can still make BTC withdrawals limited to 0.5 BTC per day.

There are no other serious security options on Mercatox. Mercatox supports over 200 cryptocurrencies, including the likes of Bitcoin, Ethereum, Litecoin, Tronix, Tether, Basic Attention, and many more. This amount of supported tokens can be considered as a good one. However, these days, many popular exchanges (e.g. Gate.io, Binance, HitBTC, etc) support even more coins.

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As with any asset, the values of digital currencies may fluctuate significantly…. Unfortunately, the company does not accept deposits via bank wire transfers or credit card options.

Yes, according to the various Mercatox exchange reviews, the platform appears to be a good cryptocurrency trading platform. It offers a wide range of crypto assets along with other services like margin lending, multicurrency wallet, and quick payment services. Mercatox is an emerging cryptocurrency exchange that seeks to attract customers from all across the world with its unique features and cryptocurrency trading services. Besides being user-friendly, the Mercatox exchange is also available in multiple languages like English, Russian, and Chinese.

That’s a serious drawback because people should realize what risks they take before investing their money. These orders get triggered only at the specified or better price. It happens when the market price doesn’t reach the price specified by the user or gets worse than this price.

In a worst-case scenario, they may not be able to trade at one or several exchanges that could be the best cryptocurrency exchange site for them (maybe including this one). The platform launched in October 2015 and on 18 July 2019, they informed on its website that it had 579,071 users. These users had in aggregate executed 17,537,044 deals totally worth 651,791 BTC. On the same date, the platform’s 24-hour trading volume was USD 16.2 million, giving it place no. 84 on the list of the exchanges in the world with the highest 24-hour trading volumes. 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.

Mercatox aims to offer a modern service for trading and exchange of more than 100 cryptocurrencies. Mercatox plans to allow traders to get funds for margin trading along with providing sources to invest and earn income on the loan. It is seeking to offer P2P lending facilities in the coming days. It also offers E-wallet for commercial and personal use. The platform also allows its registered traders to view their transactions history from the order book window.

It allows traders from all across the world to access a wide range of supported currency pairs along with a robust multi-currency e-wallet for both personal and commercial use. After thorough research, we can conclude that Mercatox is one of the best & multi-functional exchanges for cryptocurrencies that offers its clients more than crypto trading services. It provides its customers with the best crypto lending platform, a multicurrency wallet, and a lot of useful payment services like Payeer, Perfect Money, Qiwi, OKPAY, and Yandex Money.