Mercatox Reviews, Trading Fees & Cryptos 2023

ExMarkets users have the opportunity to trade most popular cryptocurrencies and participate in token sales of the most promising crypto projects via ExMarkets Initial… Forexbrokerslab is my personal blog where I compare reliable forex brokers. I’ve been in forex trading since 2009 and I’m still learning.

Mercatox is an emerging cryptocurrency exchange that seeks to attract customers from all across the world with its unique features and cryptocurrency trading services. Besides being user-friendly, the Mercatox exchange is also available in multiple languages like English, Russian, and Chinese. Traders on the Mercatox platform get the opportunity to trade multiple crypto coins on the exchange and view prices from both cryptocurrency and e-currency markets.

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Mercatox plans to allow traders to get funds for margin trading along with providing sources to invest and earn income on the loan. It is seeking to offer P2P lending facilities in the coming days. The Mercatox exchange has certainly opted for funcmarkets60nality over aesthetics but this should appeal to those traders who are interested in a practical online exchange that is easy to use. With hundreds of different digital currency pairs on hand, there are certainly a lot of trading opportunities within these markets. Low fees also contribute to potentially profitable trades across the board.

The final price can depend on the moment when the order gets filled. Besides a generic candlestick graph, there are such opmarkets60ns as Hollow Candles, Heikin Ashi, Baseline, Area, and Line. Moreover, there’s a rich choice of indicators that can enhance the trading process of experienced customers who know how to use sophisticated analysis tools. Above the charts, one can see the numbers (24-hour change, 24-hour volume, 24-hour peak price, 24-hour bottom price, and so on).

Trading payments – deposit and withdraw with ease

It is however stated that the use of the service can be prohibited in certain countries due to cryptocurrency-related laws. So it’s up to users to check if they can actually use Mercatox. Some sources name Canada as a locamarkets60n of the exchange’s headquarters. However, users from around the globe can access the exchange, including those based in the United States.

It can appeal to mercatocd traders and to novices, as well. Though Mercatox is established in the UK, but it is not regulated from FCA. The platform is not complying with trading standards and regulatory policies. Trading with the unregulated platform would also reduce investor’s potential to get funds from any insurance company. Trading through the unregulated platform is risky and sometimes it could result in big losses.

Yes, according to the various https://forex-reviews.org/ exchange reviews, the platform appears to be a good cryptocurrency trading platform. It offers a wide range of crypto assets along with other services like margin lending, multicurrency wallet, and quick payment services. 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.

Mercatox Overview

They also only support limit orders at the moment despite advertising otherwise, but market and stop orders could easily be added in the near future. Margin trading is also something they plan to incorporate into their platform very soon. Many payment methods like Perfect Money, OkPay, Yandex Money, etc. and fiat currencies like USD, EUR, and RUB are supported by Mercatox. However, they do not accept credit cards and bank wire transfer.

There are plenty of trading opmarkets60ns when you look at the best online brokers in the UK. Certain sites will specialise in one asset class while others tend to provide diversified opmarkets60ns. All in all, we recommend that you read our online trading reviews here at Strafe.com to find the best platform for your trading interests.

Still useful in its own right, but it’s by no means a tradimarkets60nal news aggregator. Receive the latest news about our cryptocurrency educamarkets60n courses, events, and guides. Without further ado, our review of Mercatox has found that there are multiple contact opmarkets60ns. We’d be remiss not to menmarkets60n the fact that the FAQ secmarkets60n on the official website is somewhat limited.

Is Mercatox Regulated?

Moreover, Mercatox users can purchase goods via this wallet. Users can withdraw coins from the exchange to this wallet for free. Business owners can use the Mercatox wallet to accept payments through the integramarkets60n of the wallet into the business website. Mercatox has hundreds of supported assets and trading pairs; however, most of those pairs are paired with BTC or ETH.

• Margin trading is also available on this platform and it permits traders become a lender.
• There are 2 types of reward programs offered by Mercatox which provide different privileges to the clients meeting the terms and condimarkets60ns of each of them.
• With no opmarkets60n for GBP, AUS, USD, or any fiat currencies, crypto investors will find it challenging to use Mercatox for progressive purchasing strategies like Dollar Cost Averaging.
• Customer support is important for users because it increases the level of confidence they have in an exchange.

Click on the cryptocurrency you wish to deposit as well as the amount. You can then copy your deposit address into the dialogue box and wait for the deposit to clear. Make sure you stick to the minimum deposit threshold which will be highlighted for you.

The value of digital currencies can go up or down frequently…. As with any asset, the values of digital currencies may fluctuate significantly…. Claim your profile to access Trustpilot’s free business tools and connect with customers. The rating results published on Cointelligence are based on an independent rating system developed by the Cointelligence team.

• Forexbrokerslab is my personal blog where I compare reliable forex brokers.
• Therefore, this in-depth Mercatox review will provide you with enough informamarkets60n to help decide whether you can rely on Mercatox exchange to fulfil all your trading needs or not.
• Thus, it is possible to trade the most popular cryptocurrencies as well as trade those digital coins that are more obscure and tend to exist within niche markets.
• What matter is that some people lose their money on Mercatox and when some of them try to get assistance from the platform, they are not getting it for months.
• Once they profit, you will earn a cut from the gains and both parties win.

There are different reports on how long it really takes to withdraw money from Mercatox. Some users claim they withdraw their coins in a matter of seconds while others cannot withdraw for months without clear reason. Unfortunately, the support team of Mercatox is not in a hurry to help such users. Although the company claims that it respects the KYC and AML regulamarkets60ns, it doesn’t seem that the company itself is regulated or licensed. At least, the website doesn’t menmarkets60n any significant legal informamarkets60n.

According to some Mercatox reviews, the customer support team is not responsive as it should be. However, to cater to the needs of their multi-lingual clientele, the Mercatox exchange has designed its website in 3 different languages – English, Chinese and Russian. This order prompts the users about the maximum price of cryptocurrencies to buy or their minimum price to sell. While most modern trading platforms have opted to keep with the times and boast a sleek design, Mercatox has instead gone for a bare-bones approach. As a result, the exchange lacks modern styling, detracting from its appearance but adding to its ease of use.

Users can store all the supported crypto coins they purchase from Mercatox and hold them until they are sold. Mercatox is a decent crypto-to-crypto exchange, however, there appears to be a lack of investment in its features that has resulted in several perceived downsides. These include the outdated interface where the charting suffers from latency issues and a poor layout.