Mercatox Review

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Mercatox is a popular peer-to-peer exchange with a 0.25% fee on all trades. This modern service offers 102 digital coins, including Bitcoin and Ripple. Mercatox supports many types of e-wallet and cryptocurrency trading services. It is a good fit for experienced traders, as it has limited educational materials. 

mercatox-review

Review Summary:  

  • Mercatox is a top crypto exchange with a versatile portfolio, but it doesn’t offer fiat currencies. 
  • It has a standard fee of 0.25% on all transactions. 
  • It offers a great loyalty program for Mercatox account holders. 
mercatox-trading

Mercatox Overview: 

Mercatox began operation in 2016. It is a centralized peer-to-peer crypto exchange. It lets traders transact 102 digital coins and offers a multi-currency e-wallet. Mercatox doesn’t have top-tier licenses, but it provides impressive safety measures. It accepts traders from the following countries: 

  •  Australia 
  •  Austria 
  •  Belgium 
  •  Bulgaria 
  •  Croatia 
  •  Cyprus 
  •  Czech Republic 
  •  Denmark 
  • Finland 
  • Greece 
  •  Hungary 
  •  Ireland 
  •  Italy 
  • Latvia 
  •  Liechtenstein 
  •  Malta 
  •  Monaco 
  •  Netherlands 
  •  Norway 
  •  Poland 
  •  Portugal 
  •  San Marino 
  •  Singapore 
  • Slovakia 
  •  Slovenia 
  •  Spain 
  •  Sweden 
  •  Switzerland 
  •  United Kingdom 
  •  United States 

Trading Experience 

Mercatox offers intuitive and user-friendly platforms for cryptocurrency trading. Its services are available in many languages, including English, Chinese, and Russian. Mercatox account holders receive access to the e-currency market and the crypto markets. 

This exchange has a proprietary web-based trading platform. It is easy to set prices, order types, and test different strategies. Mercatox offers margin trading and lets users become lenders. We recommend the Mercatox platform for experienced traders. 

Cryptocurrencies Available  

Mercatox offers access to 102 crypto coins on its platforms, but it doesn’t support fiat currencies. It supports many trading pairs, including Bitcoin and Dash. The digital coins supported by this exchange are: 

  • Bitcoin (BTC) 
  • Bitcoin Cash (BCH) 
  • Cardano (ADA) 
  • Dash (DASH) 
  • Ethereum (ETH) 
  • Ethereum Classic (ETC) 
  • Litecoin (LTC) 
  • Monero (XMR) 
  • NEO (NEO) 
  • Ripple (XRP) 
  • VeChain (VET) 
  • Verge (XVG) 

The Mercatox exchange doesn’t accept fiat currencies. It lets traders use crypto assets for deposits. The main payment methods available for depositing funds are: 

  • TC 
  • DOGE 
  • DASH 
  • ETH 
  • LTC 

Fees  

Mercatox has a standard trading fee of 0.25%. For both buyers and sellers. This exchange doesn’t charge a minimum deposit fee. Withdrawal fees vary depending on the crypto asset you choose: 

  • Bitcoin has a withdrawal fee ranging from 0.0001 to 0.0005. 
  • Ethereum has a withdrawal fee of 0.002. 
  • Dogecoin has a withdrawal fee of 2. 

Mercatox has restrictions for verified and unverified accounts. Verified accounts receive higher withdrawal limits. Unverified Mercatox accounts have a withdrawal limit of 0.5BTC per day. We recommend you check the fee structure available on the Mercatox platform. 

Regulation & Reputation  

Mercatox has a long track record in the industry and has never reported a hack. It doesn’t have a trading license. Mercatox offers excellent safety measures, including two-factor authentication. Read our in-depth reviews to learn more about cryptocurrency exchanges and regulations. 

Account Opening  

Mercatox has a simple trading account opening process. The steps you have to follow are: 

  1. Access Mercatox and click on the Sign-Up button. 
  1. Fill the registration form. 
  1. Confirm your email address. 
  1. Fill the authorization form. 
  1. Log in and start trading digital assets. 
mercatox-account-opening

Customer Support 

The Mercatox crypto exchange has below-average customer support. Live chat isn’t available, and the response times are lengthy. This exchange offers email support and a FAQ center. 

Summary  

Mercatox is a popular peer-to-peer exchange with a competitive fee structure. It doesn’t have a top-tier license, but it uses industry-leading safety features. This cryptocurrency exchange doesn’t offer fiat currencies. It is best to research different exchanges before choosing one. Our in-depth reviews offer detailed information on exchanges, safety, and cryptocurrency trading. 

FAQ  

We review peer-to-peer exchanges with 105 data points. We use real accounts and money for accurate results. Read about our approach in our Methodology section. 

What Is A Centralized Cryptocurrency Exchange? 

A centralized crypto exchange is a private company with access to trading platforms. It allows account holders to invest in digital coins. These exchanges request registration, known as the Know Your Client (KYC) rule.

What Is A Decentralized Cryptocurrency Exchange? 

A decentralized crypto exchange is a provider that has no central point of control. It works as a server, but each computer within the network operates from different areas of the world. If one device malfunctions, it doesn’t interfere with the network’s activity. Decentralized exchanges don’t follow the rules of a regulatory body. If you choose this type of exchange, you should learn more about the risks. Read our in-depth reviews for more information on crypto exchanges and safety.

Is Mercatox A Safe Trading Platform? 

Mercatox is an unregulated centralized crypto exchange. It doesn’t follow the rules of any regulatory body. Its platforms use industry-leading features. Online trading is risky. Crypto coins remain speculative assets. Check our in-depth reviews to read more about safety and crypto trading.


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Methodology 
Business24-7 aims to help those interested in cryptocurrency make safe and informed investing decisions. We are dedicated to offering our readers unbiased reviews of leading cryptocurrency exchanges for traders at all levels. Cryptocurrency exchanges are included in our reviews if they are safe, liquid, regulated by proper authority, or decentralized. 

Disclaimer:
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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