Mercatox Exchange Review What Does It Have To Offer?

Mercatox is convenient and advantageous platform for trade, exchange of various currencies, which can be used by both experienced… While the fees may be higher than Bybit and Binance (0.1%), Mercatox still beats the fees charged by many other popular crypto exchanges. Like many other exchanges, I found the trading platform at Mercatox to be the best part of their services. The platform is designed to be simple to use and meets the needs of both novice and professional traders. The fees are user-friendly, it supports several cryptocurrencies, and it has flexible trading options.

Many users complain that they cannot get a satisfactory response from the support team of the exchange for months. Sometimes, the customer service doesn’t provide even a formal response to queries. The same goes to efforts to reach out to the support agents via official social media pages of Mercatox. Mercatox doesn’t clearly state how they protect user funds. However, they do encourage users to turn on two-factor authentication to increase the safety of their accounts.

However, it seems that as of January 2022 the Lending feature is inactive. Worst scam exchange, high rates, high minimum for withdrawals, full of scam coins, an interface from 1995. About MERCATOX and our plansMercatox is a modern service for accessing e-currency and crypto currency exchange markets.

Coin in maintenance for 2 years

I invested a certain principal amount in the Mercatox mobile app. With assistance from a broker named Elena Mengli, my initial investment has grown to $197,135 in total funds on Mercatox. However, they are now demanding that I send $32,000 to them before I can withdraw any money from the site.

Mercatox Review: A Thorough Exploration of the Crypto Exchange

You can become a part of the loyalty program by reposting Mercatox news across social media, managing topics in public discussions, and answering questions related to Mercatox’s UI. The information mentioned above is just the tip of the iceberg when it comes to my experience with Mercatox. To be fair, I found a number of interesting features and advantages during my time on the platform.

• Users can earn quite a reward for referring other traders on the platform who get invited via a referral link.
• This firm also offers interesting affiliate programs, and due to that reason alone, many small websites also promote them and monetize their traffic.
• The multi-currency wallet is secure, convenient, and fast.
• Fully verified users can buy up to 50K USD worth crypto every day.
• Mercatox supports numerous cryptocurrencies (over 200 coins which means that some of the currencies can be barely found on other exchanges) and provides a convenient trading interface.

Trading Cryptocurrency With Mercatox

To cater to their multi-lingual clientele, Mercatox has made its website available in 3 different languages, English, Russian and Chinese. For the customer support service, you can reach out to the support team through email or through the support center. With the platform, you can set the order type, the price and the amount as well as the direction of the trade. Once executed, you can view the order history in the order book window. And with margin trading, Mercatox also give you the option to be a lender to other traders. The multi-functional platform is suitable for both beginner and experienced cryptocurrency traders.

Verified & Unverified

Considering the fact that Mercatox is mercatox exchange reviews a crypto-to-crypto exchange, it doesn’t have any payment methods except for sending crypto coins straight to the wallet address. In the past, there were payment gateways that were allowing users to buy crypto coins or deposit fiat money. 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. The peer-to-peer crypto trading platform strives to offer its unique features and crypto trading services to its customers all across the world. Other than being user-friendly, it is also available in languages such as Russian, English, and Chinese.

No Details of Security Measures

• The platform launched in October 2015 and on 18 July 2019, they informed on its website that it had 579,071 users.
• While this may seem adequate at first look, I heard serious reservations from many users about the response time for these tickets.
• Let us have a telephone number and speak with a person rather than have a silent help desk.
• All users who promote the platform will get points for assistance with platform promotions.
• You may only be able to trade some with fiat currencies like the US dollar.
• As we’ve already established, Mercatox exchange offers a bunch of products and services to its users.

During my experience, I found Mercatox to be a decent crypto exchange. It provides reasonable trading options for crypto traders and has been operational since 2016. The page for trading separately lists all cryptocurrencies covered by the exchange, which allows users to select a coin of their choice.

As for their other services, they are are pretty underwhelming. The lending isn’t accessible to those in the US or any of the dozen other countries I attempted through a VPN, so it’s hard to say how good or bad it even is. 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. Like most cryptocurrency exchanges, Mercatox differentiates between unverified account and verified the account.

Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Bought coin Aeternity over 2 years ago.Wanted to withdraw but coin put into maintenance.Same response to submitted ticket. 2 years Aeternity token in maintenance.FRAUDSTERS DO NOT USE THIS EXCHANGE. Mercatox also has a support email you can reach out to if the support center isn’t helping. You can email them directly or create a support ticket from within the support center. It would be nice to see a pop-up window added for support like you see with most platforms, but the email/support ticket is close to the same thing.

The web-based, proprietary trading platform can be customized as per the user’s needs. Users can easily set the crypto price, order type, and the amount of trade they want to execute. The registered users can also view their transaction history from their order book window. With these advanced tools, Mercatox exchange strives to cover several investment areas and expand its customer base. It seems that Mercatox had a good start but weakened its positions at some point. It looks like many users cannot receive responses from the support team.