MERCATOX Reviews Read Customer Service Reviews of mercatox com 4 of 4
By Forex Trading

Yes, because of how easy-to-use its web and application interfaces are, Mercatox is seen as one of the best options for beginner traders. The overall interface is brilliant and easily navigable, with a search bar that lets you explore the crypto offerings available at Mercatox. Furthermore, Mercatox has not had major hacks frequently recurring hacks as the crypto market has been developing.

Information provided by various external sources

By signing up on the exchange, every user gets an affiliate link that can be used to invite friends (or anyone who sees this link) and, in the process, earn money through it. The user will receive a percentage of the profits for every exchange transaction that is made by the referrals. Just like an absolute majority of cryptocurrency exchanges, the platform does not have any deposit fees. While Mercatox does not explicitly prohibit US investors, caution is advised.

Higher Fees And Their Lack Of Transparency

While we cover a range of products, our comparison may not include every product or provider in the market. Always confirm important product information with the relevant provider and read the relevant disclosure documents and terms and conditions before making a decision. 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.

Bert Kozma is a writer and Editor-in-Chief at Cryptogeek.info. Previously a sales and marketing expert, he has been an author covering cryptocurrency and financial markets for the last decade. He holds a bachelor’s degree in international business from Saimaa University of Applied Sciences. This is a good company as long as you don’t ask for your money back. They will keep coming up with all kinds of silly excuses for why you can’t take your money out.

Frequently asked questions about the best crypto exchange platforms

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. And the second level is also known as guest level 1, where the user earns 5% of the transaction. The profit is calculated instantly, and the amount earned is sent directly to the user’s wallet. 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).

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  • Note that, if KYC is not done, there will be limits on the withdrawal amounts.
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Most user feedback about this exchange is concerning, and people generally seem to have faced crucial issues with them. Whenever a firm is active for more than a couple of years, they gain a reputation, and in today’s time, it is almost impossible to keep clients from sharing their experience online. Withdrawal fees are also present, and for the latest rates, it is always better to check with their platform as they are subject to change. Compared to the big names in the sector, such as Binance, the customer support provided by this firm is not that great.

Company details

  • The remaining 2 percent is meant for facilitating trading volume.
  • Yes, because of how easy-to-use its web and application interfaces are, Mercatox is seen as one of the best options for beginner traders.
  • However, before they gain credibility, they have to fix a lot of things and should improve the user experience by an enormous degree.
  • That being said Mercatox does not provide enough information about how their security system is setup.

Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism. However, the list is updated regularly with new possibilities like the ability to sell your points likely to be added soon. On the top bar, one should click on the TRADE icon and start trading. On the right side, there are various trading pairs displayed. On the left, there is a chart of the pairs to choose from.

Best crypto exchange for low fees: Crypto.com

FYI, though there is positive and negative feedback, the number of complaints clearly outweighs the flattering feedback, and as always, data never lies about the ground reality. Few people love this platform for practical reasons, and a lot of people are not comfortable with the way they were treated. However, as this exchange is unregulated we would suggest you not to lend heavily or commit a lot of capital to them as it is still a risky thing to do. Plus, their website badly needs an upgrade, and it would have been nice if they could offer or embrace the algorithmic way of trading. As far as cost goes, a flat fee of 0.25% is charged for every position initiated or liquidated. The available list of instruments is more than an average trader needs, and spreads are not too much.

Best automated crypto trading platform: VirgoCX

Worst scam exchange, high rates, high minimum for withdrawals, full of scam coins, an interface from 1995. Each user is allowed to suggest a new token for the platform. In addition, equity participation in the project is also offered. In general, the resource is great for both beginners and experienced players, opening new horizons in crypto trading for them.

Security features

Usually, crypto exchanges have a separate section for margin trading. Another aspect that makes margin trading on Mercatox unusual is that leverage is taken from other traders, not from the platform. It means that on the other side of things you can be a lender. Mercatox works best particularly for active retail traders seeking to trade as well as store multiple digital currencies, as it offers an element of convenience. The platform also happens to be a viable option for institutions and businesses looking to utilize digital currencies, and it allows traders to convert one digital currency to another. About MERCATOX and our plansMercatox is a modern service for accessing e-currency and crypto currency exchange markets.

That’s a serious drawback because people should realize what risks they take before investing their money. Users of the exchange also have the option of voting on coins they would like to see added to the platform. The tokens that get the most votes are included in the exchange’s growing list of cryptocurrencies.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. A chat on a trading platform is just asking people to mess with the token prices and bulling members.

That being said Mercatox does not provide enough information about how their security system is setup. However, the exchange does encourage its users to setup two-factor authentication in orders to further secure their trading funds. Mercatox is a UK based cryptocurrency exchange that launched in October 2015 and currently accommodates more than 280,000 users on its platform. The platform is multifunctional in that it not only provides the typical trading services, but it gives its users a other useful services to indulge in. Other services that Mercatox provides include; a lending platform that users can enjoy, an e-wallet for users to store their multiple digital currencies as well as payment services. Mercatox was designed to be an ideal resource, offering a payment service, peer-to-peer exchange, and trading terminal.

Before using exchange we should make sure that it provides a decent level of security and is not involved in any fraudulent schemes. Trading itself is a risky business, so we can’t afford to increase mercatox exchange reviews these risks by trusting the shady platforms. In the following review, we will try to answer these vital questions. With Mercatox standard cryptocurrency to fiat withdraw fees varies by cryptocurrency,instant cash-out of your Mercatox account. A withdrawal fee of (Fees vary) may also be required for certain 3rd party payment methods instead of using cleared bank funds.