Mercatox | Business24-7

Braden Chase

Updated: 7 March 2023

Published: 2 March 2023

Page Summary

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.

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 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:

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

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

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.

Disclaimer