Exchange order books are visible to users and clearly laid out for both buy and sell orders, as well as the exchange’s trade history. Mercatox is a relatively simple exchange with a core set of market offerings, with 174 coins and 277 trading pairs offered, with both spot, margin, and crypto-to-crypto trading pairs. Binance also offers a more extensive web and ecosystem of products, support, and liquidity, especially given its larger daily volume as compared to Mercatox. Binance is the most popular and well-known futures market in the global cryptocurrency industry and well-known for its extensive futures pairs.
I too have never placed a review here but I feel compelled to do so because of what I and others are experiencing. MERCATOX, if you are ethical and you care about your clients and their money and you are watching…..PLEASE, PLEASE, COMMUNICATE with us and start sorting all of these issues out. Let us have a telephone number and speak with a person rather than have a silent help desk. Please respond to all helpdesk messages so that these issues get resolved. Lastly, I would like anyone who is considering this exchange to be aware of this situation as hundreds of potential clients could be placed in exactly the same situation that I and many others are in with this exchange. An online crypto wallet drained my $8,500 in minutes and blocked my account.
There are no other perks or services that are offered, but a unique feature on the exchange page itself is a chatbox. This is a feature that used to be ubiquitous on crypto exchanges in years past but chatboxes have largely fallen out of favor in modern exchanges. The exchange reached an advertised 600K users in 2019 and the users had executed an aggregate of 17M deals worth a total of 651K BTC. As of 2022, Mercatox sees around $24M in daily average trading volume, according to CoinMarketCap.
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The trading fee on this platform is about 0.25 percent, which aligns perfectly with industry standards. So, this means that the trading fees on the Mercatox exchange are quite competitive. As one of the most comprehensive cryptocurrency tax software options on the market, we have import instructions for well over 500+ exchanges. Instructions for withdrawing from users accounts can be found here from official support. FTX cannot be used by US persons but Mercatox can, though FTX offers a US version of its exchange whose trade offerings are far more limited than its parent global exchange and do not at all compare to FTX International’s selection. Coinbase is better in all aspects of functionality and range of trading coins and products offered if compared to Mercatox.
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- Other than offering trading services for a wide range of digital tokens, Mercatox exchange also offers a lending platform for its users, a payment service, and a multi-currency wallet (for both personal and commercial use).
- I sadly believe from all the comments others have left here and on the internet that I will not see my transaction complete or that they will mysteriously disappear.
- They lured me with fake profits and then blocked me when I asked for a withdrawal.
- If you’d like to challenge the trust score assigned, we’re happy to take a closer look.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews. While Mercatox.com may not be an outright scam, the combination of these factors makes it unreliable and potentially dangerous. Users should exercise extreme caution when interacting with this site and avoid providing any personal information or downloading files from this untrustworthy platform.
MERCATOX Reviews 78
- With firm commitment, we provide expert scam broker reviews, safeguarding your wealth and offering comprehensive solutions for fund recovery.
- Mercatox notes a difference between verified and unverified accounts.
- I got part of my funds back — their team is genuinely supportive and professional.
- From there, the user should select the destination address to which he or she wishes to withdraw, and then go to the user’s email inbox to verify.
- The main attractive feature that Mercatox may offer an average user is the complete lack of regulatory compliance or KYC requirements, which may make Mercatox a hub for individuals who are conscious of financial privacy, as well as potentially for illicit funds.
Someone in a Telegram support group recommended fraudrecoveryexperts.com. I recovered about half my money and learned to be much more careful. As far as the exchange functionality, advanced charting features are integrated with TradingView support, and several BTC and ETH trading pairs are offered to trade.
What Is The Mercatox Phishing Scam?
It also decreases the chances of an investor to potentially receive funds from insurance companies. Nevertheless, it is a company that has security measures to ensure the safety of its client’s funds so it shouldn’t be a problem. Mercatox review – compared to most cryptocurrency exchanges this exchange is multifunctional with more to offer than just cryptocurrency trading services and this is why it is worth reviewing.
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Unlike many other top exchanges, Mercatox does not make clear what other security precautions they take to protect user funds. The extent of their security recommendations by their support staff may be found here. While US users are not specifically barred from the exchange, users should note that their funds may not be completely safe in custody at this exchange, especially given the lack of regulatory compliance when compared to a top US-compliant exchange such as Coinbase. In addition, it is one of the few centralized exchanges on the market today that does not have a public team, especially on its LinkedIn page. Some of the exchange’s webpages are also not well developed and the exchange in general has a very old-fashioned feel to its look. Mercatox also offers an affiliate and loyalty program to users, as well as a portal to check statistics such as top gainers, losers, and volume on its offerings.
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Mercatox does offer an e-wallet for custody, however its primary feature is an exchange. Then, fill in the details of the withdrawal including toggling the correct currency and be sure to include a tag or memo if needed. Users can withdraw from the wallet by navigating to the “My Wallet” section in the E-Wallet or My Account page, selecting their virtual currency, and then selecting the “Withdrawal” button. The minimum withdrawal amount for crypto assets is 0.001 BTC for BTC and 0.016 for ETH.
Mercatox and Gemini can be compared in the scope of their offerings, but Mercatox offers even less crypto financial services than Gemini. Coinbase also offers about 2x the selection of trading pairs as is offered at Mercatox, with 440 trading pairs, compared to 200+ at Mercatox. An advantage for high volume traders will be the volume-tiered fees at Coinbase, since Mercatox does not differentiate between liquidity providers and liquidity takers. The fees for trading are also quite high at 0.25%, irrespective of volume or maker-taker status, which means that liquidity providers and higher volume traders are not incentivized.
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Every exchange has a unique dashboard and trading view and it is up to the use to really decide which one works best for them. However, you will find that most trading views are the mercatoc same in certain this such as the visibility of the order book, price charts of selected cryptocurrencies as well as the order history. The Mercatox trading view is pretty much the same as the typical trading view, it is pretty simple and straightforward, very easy to navigate.