Mercatox Exchange Review, Live Prices, Trade Volume, Fees

Mercatox Exchange Review, Live Prices, Trade Volume, Fees

Austin specializes in topics related to cryptocurrencies and blockchain technology. Mercatox also has various withdrawal fees such as ~0.0004 BTC, 0.008 ETH, and 50 DOGE. Like many platforms, Mercatox has a news section (also accessible at the bottom of their homepage). It would perhaps be more aptly named notifications as all the content is about newly listed assets. There aren’t any articles, and all the updates are just a sentence or two explaining what new market or swap feature was added. Still useful in its own right, but it’s by no means a traditional news aggregator.

Products Offered

• Although Mercatox has a vast variety of altcoin choices for beginner investors to interest themselves in.
• Another aspect that makes margin trading on Mercatox unusual is that leverage is taken from other traders, not from the platform.
• Unfortunately, the support team of Mercatox is not in a hurry to help such users.
• This cryptocurrency exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors can’t trade here.
• The referrers get a percentage of the profits from each trade the referrals make.
• Enabling 2-factor authentication is probably the most important step to protect the account from hacking.

The form asks you for simple details like phone number, country of residence, and email address. Once you fill out the form, you will receive a confirmation email. Do you have any personal experience with the Mercatox platform? If yes, then share your opinion with our readers by commenting below.

Customer service & brand

I am happy that I tried Mercatox first with a relative small amount so it is not that big of a deal for me to cut my loss. Eventually was able to sell only to not be able to withdraw in LTC or ETH. This exchange has mercatox exchange reviews potential but acts shady and scam like. There is no excuse not to allow me to withdraw my traded funds.

Is Mercatox a scam?

• In order to find exchanges that accept deposits of fiat currencies, use our Exchange Finder here.
• The program was launched to reward points to those users who help promote the platform.
• The peer-to-peer crypto trading platform strives to offer its unique features and crypto trading services to its customers all across the world.
• Sometimes, the customer service doesn’t provide even a formal response to queries.
• The E-Wallet tab contains the Mercatox E-Wallet service.
• Yes, Mercatox is among the safest web wallets available.
• They can also purchase crypto with funds in their Mercatox wallet.

Stablecoins are meant to mitigate volatility in relation to digital currencies like Bitcoin. Stablecoins are usually pegged to stable reserve assets like the US dollar or gold. I registered 1,5 month ago on Mercatox mainly because of good prizes for some altcoins.

Simple Account Creation Process

Many users complain that they cannot get a satisfactory response from the support team of the exchange for months. Sometimes, the customer service doesn’t provide even a formal response to queries. The same goes to efforts to reach out to the support agents via official social media pages of Mercatox. Mercatox doesn’t clearly state how they protect user funds. However, they do encourage users to turn on two-factor authentication to increase the safety of their accounts.

Mercatox Trading Fee

Market orders can be used to buy or sell assets at the current price (the trader cannot specify this price when placing a market order). In markets with high liquidity, market orders usually get filled instantly. The chance that the market order is not going to get filled is very little. The final price can depend on the moment when the order gets filled. Besides a generic candlestick graph, there are such options as Hollow Candles, Heikin Ashi, Baseline, Area, and Line.

Scam ripoff exchange

Its user-friendly UI, multi-currency wallet, and multi-payment services are a testament to that. However, for it to be lucrative, traders need a medium that equips them with all the right tools to make a profitable trade. This medium is usually known as a crypto trading platform and since cryptocurrency is being adopted worldwide, a number of crypto trading platforms have sprouted. Therefore, choosing the right crypto trading platform has become necessary to maximize your returns in the volatile digital currency market. No fiat withdrawals are allowed, but electronic withdrawals are accepted with the same deposit methods. Withdrawal to personal wallets is free, but any other type of withdrawal contains fees based on each currency or electronic payment method, available here.