This is another area where Mercatox stands out among other similar platforms. You can actively vote for new coins that are getting released on the platform. Simply head to their voting page and vote for the coin that you think will be the biggest gainer of the year. While Mercatox does have a stellar history and clean security record, they aren’t public with the background security information and processes that help secure the exchange.
Mercatox provides its clients with a multicurrency wallet with the following type of digital currencies below. Our Mercatox review UK has assessed the platform from head to toe. One of the aspects which we have been unable to unravel in full pertains to the trading fees of the platform. In addition to this, there is an elaborate list of withdrawal fees for each cryptocurrency.
I also found the free universal wallet to be functional because it helped me store multiple fiat and cryptocurrencies. However, you can only recharge your wallet transactions on the platform and cannot replenish it with deposits. When it comes to unique features, Mercatox’s P2P or peer-to-peer exchange caught my eye. The exchange connects investors with each other and helps users take loans from fellow users.
Here you can lend your assets to already profitable traders and they will trade your money for you. Once they profit, you will earn a cut from the gains and both parties win. This is much like a crypto copy trading platform but a bit more simplified.
- The exchange allows total withdrawal limits of 0.5 BTC or equivalent per 24 hours for unverified users and 5 BTC or equivalent per 24 hours for KYC-verified users.
- Sometimes, the customer service doesn’t provide even a formal response to queries.
- He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.
- The following sheet shows the withdrawal fees, as well as the minimum deposit and withdrawal amounts.
- We suggest you contact support in the event that you do sign up and want to know more about potential insurance on deposits made.
Without online support, it becomes extremely difficult to rectify any issues that may surface. Our review of Mercatox has noted that there is one account which you can access on this exchange. As it is solely-focused on providing a crypto exchange service to customers, you won’t be able to utilise a variety of different trading accounts. All you need to do is create a profile by filling in your personal details. Once you complete the registration process, you’ll be able to start trading crypto via the exchange.
Mercatox E-Wallet
After the form is successfully filled up, a confirmation email will be sent from the Mercatox team to the user’s registered email id, clicking which will activate the account. The users can then use the login credentials and select any protection method of their choice in this step. Account creation on Mercatox is very easy, and all that the users need to do is visit the official website of the platform and click on the green “Sign Up” button.
Review of the Top Features on Mercatox
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. However, as of January 2022, it seems that all of these payment methods are no longer supported. New traders who wish to trade on Mercatox can do that only after buying their first crypto coins from some other cryptocurrency exchange and then using them or selling them on Mercatox. Choose the best crypto wallet for storing your cryptocurrencies.
Mercatox Withdrawal fees
Users can earn points to reduced trading fees, earn extra affiliate payments, and even higher annual interest yields on assets held on Mercatox. Mercatox comes with an integrated multi-crypto wallet, however, fiat currencies are not able to be stored (or deposited). Users can store every coin that is available to trade on the Mercatox platform.
Special Features
No, Mercatox does not require any KYC or AML policies to comply with. The platform allows extensive coin-to-coin trading at a low trading fee of flat 0.25% on all trades. Yes, the platform appears to be safe from the various customer reviews even though it is not regulated under any regulatory authorities. According to some Mercatox reviews, the customer support team is not responsive as it should be.
There is an extensive list of the withdrawal fee relevant to each respective digital coin. Mercatox has different withdrawal fees for different cryptocurrencies. The exchange allows total withdrawal limits of 0.5 BTC or equivalent per 24 hours for unverified users and 5 BTC or equivalent per 24 hours for KYC-verified users. No, Mercatox is a DEX crypto-to-crypto exchange meaning that users are unable to deposit or withdraw fiat with the platform. However, the exchange has high limits crypto withdrawal limits for verified account holders. Unlike the majority of popular cryptocurrency exchanges, Mercatox does not provide an Android or iOS-compatible mobile app for its users.
You can choose to disable this feature in the Security section of your profile. However, we recommend that you keep it activated as long as you keep funds on the exchange. In this section of our Mercatox review we have highlighted 6 special features that sets them apart when compared to other platforms. The only downside I felt in the UI was the information overdose. The trading page is full to the brim and has no additional white space for relaxing your eyes.
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. If you can’t help but trade them, probably Mercatox can be mercatox exchange reviews a decent choice for this. 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.
The accepted payment gateways include OKPAY, Perfect Money, Qiwi, Payeer, Yandex Money. With Mercatox located in the UK, the exchange is naturally available to residents of the country. In fact, Mercatox aims to continue expanding the countries in which its services are available.