Mercatox review: Mercatox is a cryptocurrency exchange platform that allows users to trade a wide range of digital assets. It was established in 2016 and has gained popularity among cryptocurrency enthusiasts and traders. The platform provides a user-friendly interface and a variety of features to facilitate efficient and secure trading.
One of the key features of Mercatox is its extensive selection of cryptocurrencies available for trading. Users can trade popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many more. In addition to major cryptocurrencies, Mercatox also supports a range of altcoins, providing users with a diverse selection of assets to trade.
Security is a crucial aspect of any cryptocurrency exchange, and Mercatox takes it seriously. The platform implements security measures such as two-factor authentication (2FA) to protect user accounts. Additionally, Mercatox employs cold storage for the majority of its users' funds, keeping them offline and out of reach from potential hackers.
| 📅 Year of Establishment | 2016 |
| 💱 Coins: | 100+ |
| 💰 Min deposit | From $5 |
| ⚖️ Leverage | 1:1 |
| 💹 Trading fees | 0.25% |
| 💳 P2P platform | ✅ |
| 📱 Mobile apps | ❌ |
| 🗺️ Headquarters | Hong Kong |
Overall Mercatox Review
Overall, Mercatox is a cryptocurrency exchange platform that provides users with a diverse range of cryptocurrencies for trading. With its user-friendly interface, robust security measures, and integrated wallet, Mercatox aims to cater to the needs of both beginner and experienced cryptocurrency traders.
Go to Mercatox website
Top Reviews
Best customer reviews of Mercatox
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
I didn't come across any enticing trading offers here. The selection of tools is quite limited. Based on the feedback about Mercatox, it's advisable to steer clear of it due to reported withdrawal issues as well.
India
Do I find trading at Mercatox satisfactory? Absolutely, and more. When it comes to trading conditions, I haven't had any complaints about the exchange in the two years I've been using it. The only limitation is that trading from a smartphone is not permitted. However, since I prefer working from a laptop, it suits me just fine. I am aware that some traders have opted not to use Mercatox specifically because there is no mobile application available. Nevertheless, in terms of commissions, Mercatox is on par with more renowned exchanges. There are no non-trading fees whatsoever. While I haven't utilized the affiliate program yet, I primarily trade Bitcoin, occasionally Litecoin, or fiat currencies. By the way, one of the reasons I chose Mercatox was its licensing. There aren't many licensed exchanges that offer such a high level of fund and personal data security.
Canada
I deeply regret to hear about the delay in payments you've experienced with Mercatox. It's frustrating to have applied for withdrawals of 0.65 and 1.2, only to have the funds debited from your account without receiving them in your wallet. It's concerning that for the past three months, you've been attempting to resolve the issue but have been consistently redirected to different services. It seems as though no one at Mercatox is taking responsibility for your lost funds, which is highly distressing. I understand your frustration and caution others against trusting these individuals as they appear to be engaging in fraudulent activities.
United States
Expert Review
Expert Review of Mercatox
In this comprehensive evaluation, we aim to provide an objective assessment of the reliability of the Mercatox exchange. Drawing upon the expertise of a financial professional, we will examine key aspects of the exchange to present a balanced view of its reliability. By analyzing both positive and negative factors, we aim to offer a nuanced perspective that will assist potential users in making informed decisions.
When evaluating the reliability of an exchange, security measures play a critical role. While Mercatox has faced some security concerns in the past, it's important to note that the exchange has taken steps to address these issues. While there have been reports of security breaches, it is worth mentioning that Mercatox has implemented additional security measures to enhance the protection of user funds and personal information.
A significant consideration for users is the ease and timeliness of withdrawals. While there have been occasional reports of withdrawal delays and complications on Mercatox, it's important to acknowledge that such issues can occur on various platforms. While improvements can be made, it is also worth noting that many users have had successful withdrawal experiences on the platform.
Reliable and responsive customer support is crucial for addressing user concerns. In the case of Mercatox, there have been mixed reviews regarding their customer support. While some users have reported positive experiences and efficient resolutions, others have expressed dissatisfaction with response times and the effectiveness of support provided. It is essential for Mercatox to consistently improve their customer support services to enhance overall reliability.
Financial expert and analyst at TradersHero.com
Risk Warning. Trading cryptocurrencies on Mercatox involves inherent risks that should be carefully considered before engaging in any trading activities. The volatile nature of the cryptocurrency market presents potential opportunities for profit but also carries significant risks that may result in financial loss.
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Conditions
Trading Conditions for Mercatox Users
Mercatox offers a range of trading conditions for its users. Here are some key aspects of trading on the Mercatox platform:
- Cryptocurrency Selection: Mercatox supports a variety of cryptocurrencies, providing users with a wide range of options for trading. Users can access popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and many more. The availability of specific cryptocurrencies may vary, and it is recommended to check the platform for the complete list of supported assets.
- Trading Pairs: The company offers trading pairs that allow users to trade one cryptocurrency against another. For example, users can trade BTC/ETH or LTC/XRP. The availability of trading pairs depends on the listed cryptocurrencies and their liquidity on the platform.
- Trading Fees: Mercatox charges trading fees for executed trades. The fee structure typically involves a percentage fee based on the trading volume. The exact fee rates can be found on the Mercatox website and may vary depending on the user's trading activity.
- Trading Tools: The company provides users with a range of tools and features to enhance their trading experience. These may include live price charts, order books, trade history, and various technical analysis indicators. These tools can assist users in making informed trading decisions.
- Security Measures: Mercatox implements security measures to protect user accounts and funds. These measures may include two-factor authentication (2FA) for enhanced login security, encrypted communication, and cold storage for storing a significant portion of users' cryptocurrencies offline.
- User Interface: The company offers a user-friendly trading interface that allows users to place market orders, limit orders, and stop orders. The platform is designed to facilitate ease of use and efficient trading execution.
It's important to note that trading conditions and available features may be subject to change. It is advisable to visit the Mercatox website or contact their customer support for the most up-to-date information on trading conditions, fees, and available features. Additionally, users should familiarize themselves with the platform's terms of service and trading policies before engaging in any trading activities.
| 📅 Year of Establishment | 2016 |
| 💱 Coins: | 100+ |
| 💰 Min deposit | From $5 |
| ⚖️ Leverage | 1:1 |
| 💹 Trading fees | 0.25% |
| 💳 P2P platform | ✅ |
| 🔁 Copy Trading | ❌ |
| 📊 DeFi Staking | ❌ |
| 🖼️ NFT | ❌ |
| 🏦 Crypto Loans | ❌ |
| 🔓 Demo account | ❌ |
| 🚀 Launchpad | ❌ |
| 📱 Mobile apps | ❌ |
| 📞 Customer Service | Forums, Chat, Email |
| 👩💼 Support | Multilingual |
| 🗺️ Headquarters | Hong Kong |
Risk Warning
Comparison
Comparison of Mercatox with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
Mercatox Accounts, Commissions & Fees
Based on the information provided, the Bilaxy exchange is a cryptocurrency trading service that offers a wide range of trading options. Here are the key points:
Cryptocurrencies available: Bilaxy supports popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) as well as other altcoins and tokens. The platform offers a choice of more than 100 altcoins and tokens to trade.
Cryptocurrency trading: Bilaxy operates as a cryptocurrency exchange, that is, it does not support fiat currency trading pairs. Users can only trade cryptocurrencies against each other.
Trading platforms: Bilaxy uses the desktop trading platform TradingView, a widely recognized technical analysis platform. Bilaxy also offers a mobile app for iOS and Android devices based on the TradingView model, allowing users to trade on the go.
Fees and commissions: Bilaxy charges a fixed trading commission of 0.25% for both takers and doers. However, if users choose to pay the fee with a stock exchange token (BIA), the fee is reduced to 0.1%. The BIA token gives users the ability to cover trading commissions and receive a 50% discount.
Minimum deposit and registration: There is no minimum deposit requirement on Bilaxy. Registration and verification follow standard procedures.
It is important to note that although this information gives an idea about Bilaxy's services and features, it is always recommended to visit Bilaxy's website or contact support for the most up-to-date and accurate information regarding trading conditions, fees and available features.
FEES and LIMITS
| FULLNAME | WITHDRAWAL FEE | MIN DEPOSIT | MIN WITHDRAW |
|---|---|---|---|
| Bitcoin (BTC) | 0.00005 < FEE < 0.005 | 0.0001 | 0.001 |
| Ethereum (ETH) | 0.008 | 0.008 | 0.016 |
| Dogecoin (DOGE) | 50 | 100 | 300 |
| Litecoin (LTC) | 0.015 | 0.05 | 0.1 |
| DASH (DASH) | 0.001 | 0.002 | 0.004 |
| ARIONUM (ARO) | 0 | 1 | 2 |
| LUXURIUM (LXMT) | 1500000 | 1500000 | 3000000 |
| Herbalist Token (HERB) | 10000000 | 10000000 | 20000000 |
| TrueUSD (TUSD) | 15 | 15 | 30 |
| Inbox Token (INBOX) | 1500000 | 1500000 | 3000000 |
| Tourist Review (TRET) | 1500000 | 1500000 | 3000000 |
| Bitcoin Bull (BITB) | 1500000 | 1500000 | 3000000 |
| Bitcoin SV (BCHSV) | 0.001 | 0.001 | 0.002 |
| Bitcoin Cash (BCH) | 0.001 | 0.001 | 0.002 |
| Cred (CX) | 1500000 | 1500000 | 3000000 |
| Jade Token (JADE) | 1000 | 1000 | 2000 |
| MobileTokenBank (MTB) | 1500000 | 1500000 | 3000000 |
| Lite Gold (LTG) | 200000000 | 200000000 | 400000000 |
| SCALE (SCALE) | 150000 | 150000 | 300000 |
| Poly Analytix (PLA) | 1500000 | 1500000 | 3000000 |
| KitToken (KIT) | 750000 | 750000 | 1500000 |
| Cooperative Exchange Token (COOP) | 15000 | 15000 | 30000 |
| I Net Token (INT) | 1500000 | 1500000 | 3000000 |
| BitcoinBrand (BTCB) | 1500000 | 1500000 | 3000000 |
| RTN (RTN) | 1 | 1 | 2 |
Mercatox has its own token called the MERCATOX Token (MX). The MX token is the internal currency of the Mercatox platform. It can be used to pay trading commissions, participate in IEO (Initial Exchange Offering) and receive various bonuses and privileges on the platform.
Risk Warning
Final review
Detailed review of Mercatox
Mercatox is a cryptocurrency exchange that has been operating since 2016. While it offers a wide range of cryptocurrencies for trading, there are certain aspects that need to be considered in a detailed review:
The platform offers a variety of trading pairs for users to engage in crypto-to-crypto trading. It supports numerous popular cryptocurrencies, allowing traders to access a wide range of trading opportunities. However, it's important to note that Mercatox does not provide fiat trading options, limiting users to crypto-only transactions.
The trading interface on Mercatox is relatively simple and user-friendly, making it accessible for both novice and experienced traders. The platform provides basic charting tools, order books, and trade history to assist users in making informed trading decisions.
Mercatox charges trading fees on executed trades. The fee structure typically involves a percentage-based fee based on the trading volume. The exact fee rates can vary depending on the specific cryptocurrency being traded and the user's trading activity.
Overall, while Mercatox provides a range of trading options, it's crucial to be aware of the security concerns and limitations of the platform. Traders should conduct thorough research and consider their own risk tolerance before engaging in trading activities on Mercatox or any other cryptocurrency exchange.
Advantages:
Mercatox is a notable cryptocurrency exchange that offers several distinctive features, setting it apart in the market. Here are the benefits that make Mercatox special:
Mercatox Regulator
Mercatox is not regulated by any particular financial regulator. The exchange operates in a decentralized and unregulated environment, which means that it is not subject to the same regulatory oversight as traditional financial institutions.
However, it is important to note that the lack of regulatory oversight does not necessarily mean that an exchange is untrustworthy or untrustworthy. Many cryptocurrency exchanges, including Mercatox, employ their own security measures and strive to provide a safe and transparent trading environment for their users.
When considering trading on Mercatox or any other cryptocurrency exchange, it is crucial for users to do their due diligence, familiarize themselves with the exchange's terms of service, and evaluate the security features and reputation of the platform. This will help users make informed decisions and understand the potential risks associated with trading on unregulated exchanges.
Risk Warning
Promotions
Bonuses Paid by the Mercatox
Bonuses
Mercatox offers a referral program which allows users to earn commissions for referring new traders to the platform. When you register on Mercatox, you get a unique referral link which you can share with other people. If someone registers with Mercatox using your link and starts trading on the platform, you will receive commissions on their trades.
Education
Review of the Mercatox Education Program
Mercatox did not offer an educational program or formal educational resources specifically for cryptocurrency trading or market education. The platform is primarily focused on providing users with a trading environment to buy, sell and exchange cryptocurrencies.
While Mercatox may not have a specific educational program, it is important to note that there are many external educational resources online that help people learn about cryptocurrency trading and market analysis. These resources include articles, tutorials, video courses and forums where users can gain knowledge and insights into trading strategies, technical analysis and risk management in the cryptocurrency market.
Users looking to improve their trading skills and knowledge are encouraged to explore third-party educational platforms, attend webinars and seminars conducted by industry experts, or participate in online communities dedicated to cryptocurrency trading. It is important to continually educate yourself and stay abreast of emerging trends and events in the cryptocurrency market.
Online Courses:
Note that these are just a few examples of online courses, and there are many other resources and platforms that offer cryptocurrency education. It is recommended that you do your own research and choose a course that fits your goals, level of knowledge, and preferences.
Best Online Trading Courses
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The Future of DeFi: Trends and Predictions for 2024
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Advanced Charting Techniques: Using Advanced Chart Patterns to Improve Your Trading Accuracy
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Crypto Security Best Practices: Tips for Keeping Your Digital Assets Safe from Hackers
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Leveraging Fundamental Analysis: Using Economic Indicators to Inform Your Trading Decisions
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Forex Trading Platforms: Choosing the Right Platform for Your Trading Needs
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The Future of Cryptocurrency: Predictions and Trends for the Next Decade
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Trading Volatility: Strategies for Profiting from Price Swings in Forex and Crypto Markets
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Introduction to Crypto Mining: How to Start Mining Cryptocurrencies at Home
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Exploring Forex Pairs: Understanding Major, Minor, and Exotic Currency Pairs
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Crypto Market Analysis: Identifying Trends and Opportunities for Profitable Trading
Rating and Comments
Mercatox Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
