Probably at that point, the exchange started to fade away. There are signs that the website is not updating since about the same time. The chatbox is active and the official Twitter of the exchange makes announcements once a month or so. And the second level is also known as guest level 1, where the user earns 5% of the transaction. The profit is calculated instantly, and the amount earned is sent directly to the user’s wallet.
Mercatox distinguishes between verified and unverified accounts. Verified accounts enjoy higher withdrawal limits, with unverified accounts restricted to a daily BTC withdrawal limit of 0.5 BTC. Verified account holders, on the other hand, can withdraw up to 5 BTC per day. There are different reports on how long it really takes mercatox exchange reviews 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.
The team behind this exchange,”plans to provide not just a service with different abilities, but also to create a new financial market in the digital world”. There is no information regarding the people that founded this platform. Different exchanges offer varying trading views, and the choice depends on individual preferences. The trading view typically displays the order book, a price chart, and order history. It’s crucial for users to assess the trading view to ensure it aligns with their preferences. There is also an option of getting help through voice calls and by writing to the customer support through the website’s social media accounts, including Facebook, Twitter, and Telegram.
What are Decentralized Exchanges?
It means that the Mercatox team has low responsibility for your funds. On the website, users will find the official Mercatox contact info, including several email addresses, social media pages, and so on. Users of the exchange also have the option of voting on coins they would like to see added to the platform.
Min Withdrawal
We then scored and ranked each provider depending on how it performed in each category. Mercatox ‘s customer support can be contacted via email, live chat, and via Twitter. Users can also schedule a call from a representative by filling a form on Mercatox‘s website. Mercatox also has a “Help” section for less complicated issues. The Mercatox app can be found on the Play Store on all Android devices, offering the same features as the desktop website. The Mercatox app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website.
Best automated crypto trading platform: VirgoCX
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- The platform also has an insurance policy that protects users’ cryptocurrency holdings.
- Customers can reach out to Mercatox via live chat at any time if they have issues or difficulties with their Mercatox account that they can’t solve.
- Mercatox is convenient and advantageous platform for trade, exchange of various currencies, which can be used by both experienced…
Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Is customer support available through email, phone and/or live chat? Customer reviews on sites like Trustpilot and the Better Business Bureau can give you an idea of how responsive an exchange is when issues arise.
Depositing methods
Hackers actively target cryptocurrency exchanges and that is one of the main reasons why security should be at the top of your checklist when reviewing any exchange. That being said Mercatox does not provide enough information about how their security system is setup. However, the exchange does encourage its users to setup two-factor authentication in orders to further secure their trading funds. Mercatox is a UK based cryptocurrency exchange that launched in October 2015 and currently accommodates more than 280,000 users on its platform. The platform is multifunctional in that it not only provides the typical trading services, but it gives its users a other useful services to indulge in.
Below, there are two boxes — one box is for buying and the other is for selling. One needs to click on Buy or Sell in order to complete the trade. Stop orders are used to buy or sell the assets at the best market price (just like market orders). The difference is that these orders get triggered only if the market price reaches a specific figure. Besides a generic candlestick graph, there are such options as Hollow Candles, Heikin Ashi, Baseline, Area, and Line.
Are there any limits on the amount you can deposit, buy or sell per transaction or per day? This question typically only applies to “crypto whales” or people who make transactions ranging from hundreds of thousands to millions of dollars. You might be able to raise your transaction limits by providing additional personal information as part of the exchange’s Know Your Customer (KYC) process. Finder’s investments experts reviewed 18+ exchanges available on the market to narrow down the best exchanges for buying, selling and trading cryptocurrency. Mercatox makes a solid choice for traders looking to trade crypto as it has a sleek, easy-to-use interface, signing up is straightforward, and most of its processes are simple.
To open an account at Mercatox, the first step to get started is to provide your name, email address, password, and the state you live in. Choose “create an account” and move on to verify your email. Once you log in, you will be asked to provide your number and verify it. The next step is to fill in your personal information and answer any questions about the account creation. After that, you verify your identity (a two-factor authentication setup is recommended).
- You just send the coins there and wait until the payment arrives.
- There are signs that the website is not updating since about the same time.
- Check with a local accountant to check if any tax is due on your cryptocurrency trading.
- Because these exchanges are often peer-to-peer and typically open-sourced, they are less user-friendly than CEXs.
- Unfortunately, such proofless accusations are not rare in the cryptocurrency sphere and each of us independently decides whether we should take such reports into account or not.
Sign up and manage your account
Considering the fact that Mercatox is 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. Our team has extensively reviewed dozens of cryptocurrency exchanges and apps to find the best crypto app in Canada. We look at factors like user experience, fees, payment methods, supported coins and more.