Mercatox Review And Analysis

We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies. Moreover, the website hasn’t or doesn’t mention any legal information about this. Users are, therefore, advised to comply with the KYC requirements, Finance but the exchange doesn’t even mention its legal address and other data that can be used in court. The lack of a legal license means that the exchange cannot be held accountable if the platform fails you. Interestingly, the Ethereum withdrawal fee is 0.002 ETH, higher than many popular exchanges.

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 or bank wire transfers. Mercatox also offers many benefits for loyal customers, like a two-level affiliate program . As we’ve noted, Mercatox offers a fairly basic trading service.

This exchange is known for providing cryptocurrency trading services for a 0.25% fee on all trades. The platform permits traders to trade more than 100 cryptocurrencies. Traders from all over the world can access a wide range of currency pairs along with a multi-currency e-wallet. The platform is basically established to match buyers with sellers. Mercatox is a cryptocurrency exchange that gives traders access to the digital currency and cryptocurrency markets. It is a convenient platform for trading and exchanging of various digital currencies and can be used by both experienced traders and beginners.

They ban u from their chat room so you can’t warn other people. Do not use this mob or you will lose your money even if you win. Bitgrail are connected to them so don’t use them either. Against the digital coins using some electronic payment systems. Because of the attempted attack, Mercatox website and platform were down for a day or so, but the coins were safe. 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.

However, we do not recommend it for all other beginners who only want to invest in safer projects, as Mercatox has many scams you need to be aware of. Sadly, Mercatox does not support credit card or bank transfer deposits, and the trading volumes on many currency pairs are quite low. Some of the main sections of the trading platforms include the order book, the trading history window, and a chat room.

Fbs Awarded A Lucky Brazilian Trader A Brand New Mercedes

Few people love this platform for practicality reasons and a lot of people are not comfortable with the way they were treated. Plus, their website badly needs an upgrade and it would have been nice if they could offer or embrace the algorithmic way of trading. Lack of telephone support and absence of live chat feature is something many people frown upon.

For clients that have not verified their details, a withdrawal cap of 0.5 BTC is applicable and for verified clients, withdrawal cap only hits if they try to withdraw more than 5 BTC in a day. All of the funding and payments has to be through cryptocurrencies and e-wallets. Mercatox does not state any minimum deposit value, but it may vary depending upon the payment method used by the clients. forex brokers Unlike many exchanges, they adore the decentralisation to an extreme level and clients can even withdraw from this platform without having to complete KYC as well. Mercato charged my card for membership automatically and would not refund the money the same day even though I do not use the service anymore. I think it is greedy to charge someone $100 automatically and not refund it when asked.

This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. The value of digital currencies can go up or down frequently. We show reviews chronologically, and you can filter by star rating, language, location, or keyword. Claim your profile to access Trustpilot’s free business tools and connect with customers. They r thieves…didnt allow me to login although i used 2fa..dey stole my money…i telling u d truth guys dont u ever dare to use dis mercatox..ull regret..

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. We have listed above their minimum deposit requirement related to each coin.

How To Start Trading On Mercatox Com?

As mentioned before, the minimum deposit for Bitcoin is 0,0001 BTC, and the minimum withdrawal is 0,001. In Ethereum’s case, the minimum deposit is 0,001, and the minimum withdrawal is 0,005. Regarding fiat currencies, the exchange allows you to trade USD, EUR, and RUB against all the digital coins using various electronic payment systems. Nonetheless, users have reported cases saying that Mercatox is a scam because users often lose their funds on the platform. However, we can’t state that you will lose your investment if you deposit with Mercatox. However, there is a risk involved, and we can’t say the platform is 100% safe.

  • Mercatox does not state any minimum deposit value, but it may vary depending upon the payment method used by the clients.
  • Users can store supported cryptocurrencies they purchase from the platform and hold them until they are sold.
  • It is worth mentioning that some of the trading products and services in this Mercatox review may differ or not be available to traders in some countries due to regulations.
  • The price and value of any investment in digital asset products can fluctuate.

Users can actually only fund their accounts with cryptocurrency. Mercatox offers no exchange services, so you cannot convert any fiat currency to crypto via the website. For example, if you take a look at our review of Vantage FX, as well as finding out the answer to questions such as “is Vantage FX safe to use? ”, you’ll also see details on how some brokers provide numerous trading platforms, including bespoke apps. Mercatox disappoint in this regard, and we also noted that there is currently no mobile app.

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We are not responsible for incorrect or outdated information within our online trading broker reviews and you should confirm all data directly with the broker. Rates, terms, products and services on third-party websites are subject to change without notice. Mercatox provides traders with its own proprietary web-based trading platform. The platform provides charting tools powered by TradingView and allows you to set the order type, price, and amount, as well as the direction you want to trade. On the Mercatox platform, users can set the order type, the direction of the trade, as well as the price and the amount. Once the trade has been executed, users can go to the order book window to check the order history.

The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Therefore, clients from varied regions of the world can report to the customer support team via email or through the support center available on the exchange’s website. Also, a dedicated FAQ section has all the common queries of the traders answered in simple and lucid language. You need to fill the registration form for the account creation process. Once you fill the form, you need to deposit funds into Mercatox account according to the deposit methods described in this guide. After funding, you are free to trade more than 100 cryptocurrencies. 68% of retail investors lose money when trading CFDs with this provider.

Bollinger bands, MACD and other indicators can be integrated with the range of charts which update in real time. Investment research tools include insider holdings, stock screeners, financial calendars, historical EPS as well as watchlists and alerts. As a total package, Webull offers a very comprehensive selection of Forex dealer investment tools to allow traders to gain valuable insight into the performance of the markets. Mercatox have taken a different approach, whereby they are offering rewards for those who spread the word of their site. Bloggers, YouTubers, social media users and commenters can all earn rewards by promoting Mercatox.

Withdrawal fees are also present and for latest rates, it is always better to check with their platform as they are subject to change. 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. If you are used to FTX or other well known exchanges, then it might be forex etoro review a little disappointing for you to continue with this platform due to lack of derivatives. Response time and working hours are also not stated, but as they are located in the UK, we feel it is safe to assume that the schedules are going to be based upon the local timezone. This platform also follows all the safety features and has a valid SSL certificate.

On Bitcoin’s case, the deposit must not be less than 0,0001 BTC. Mercatox allows unverified accounts to trade, deposit, and withdraw funds. Besides offering a robust multicurrency e-wallet, Mercatox also offers many other services, such as margin trading. It also allows different payment services such as OKPAY, Payeer, Yandex Money, etc., allowing people to invest in different digital currencies. Mercatox is one of the most popular crypto exchanges today. However, it was created in 2015 and supported more than 200 cryptocurrencies.

Mercato has very poor quality control and they clearly don’t care about the impact on their customers. I recommend avoiding ordering from them lest you have my experience. Author at Scamrecovery.net Brandon Linton has spent the last 2 years writing financial reviews. However, using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.

0.25% fee per trade, which is in line with the current offers by other exchanges. Some venues charge differently market makers and market takers, and it is not uncommon to set a trading fee only to market makers. Users can easily withdraw funds from Mercatox by logging into their official website, which will direct them to the E-Wallet page of the exchange. Users then need to click on the ‘Withdraw’ tab, and the withdrawal options will appear on the screen. Finally, the users should type in the exact amount they want to withdraw, paste the wallet address, and click on the ‘Submit’ button.

Tell Me I Won 0 25 Btc All I Have To Do

Therefore, this in-depth Mercatox review will provide you with enough information to help decide whether you can rely on Mercatox exchange to fulfil all your trading needs or not. Yes, according to the various Mercatox 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. The Mercatox trading platform is simple to use and is designed to meet the needs of both professional as well as novice traders. The website lists all the supported cryptocurrencies so that the traders can select their preferred cryptocurrency trading pairs.

Đánh Giá Các Ưu Điểm Và Nhược Điểm Của Mercatox

You won’t get the full service from Mercatox if you don’t provide the required information. This data includes the full legal name, date of birth, sex, nationality, marital status, I.D./passport and photo, a selfie with documents, telephone number, residential address, and email address. We have already showcased how dedicated the platform is to protecting users’ funds. It has been in existence since 2015 and has over 500,000 users from different parts of the world. We cannot hide that the platform also had issues with fraudulent attacks in 2018. After opening an account on Mercatox, it is time to protect your account.

These brokers have a unique yet common way of finding their victims either through cold calling, creating fake websites, or a pop-up advertisement. There have been proofs of scam activities done by Mercatox broker as All Scam Reports Team has done a thorough investigation. If you want to safeguard your funds and avoid these scams, read the Mercatox review and get to know about the scam activities of broker in detail. Like most cryptocurrency exchanges, Mercatox differentiates between unverified account and verified the account.

Launched in 2016, Mercatox is a relatively new cryptocurrency exchange that’s renowned for its impressive array of supported cryptocurrencies and its low fees. It’s a peer-to-peer crypto exchange that allows users to access exchange markets via a user-friendly trading platform. 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.

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. If, however, you are more interested in trading digital currency than anything else and prefer it as a means of ifc markets review payment, then Mercatox could be worth a look. In addition, if you already have a broker for forex, indices and suchlike but are unhappy with their crypto provision, then Mercatox could be a great solution. To find out more about the broker, check out our review of Mercatox.

You can also submit your own tickets, which, when answered, will be displayed for other users to reference. Fees are always a major consideration when choosing a new platform. Afterall, trading is about making profit and no one wants to see it eaten away with unnecessary charges. Whenever you trade, you will always pay a fee of some type – even if the platform advertises as commission free, this will be compensated for with a wider spread. Our Mercatox review UK found that it lacks the finesse of some of the bigger platforms on the market – it’s what you might call a ‘no-nonsense’ layout.

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