Mercatox Review 2024 Is Mercatox Good in 2024?
So it’s up to users to check if they can actually use Mercatox. Some sources name Canada as a location of the exchange’s headquarters. However, users from mercatoc around the globe can access the exchange, including those based in the United States. Bert Kozma is a writer and Editor-in-Chief at Cryptogeek.info.
- In fact, Mercatox aims to continue expanding the countries in which its services are available.
- The form asks you for simple details like phone number, country of residence, and email address.
- It means that the Mercatox team has low responsibility for your funds.
Mercatox has been operating since 2016 and features IP address whitelisting as well as 2-factor authentication. Dispute this Mercatox is not regulated, meaning customers will not have any recourse should something go wrong. While Mercatox does advertise a lending program, the service was inaccessible at the time of writing.
The tokens that get the most votes are included in the exchange’s growing list of cryptocurrencies. The user interface is easily one of the selling points of Mercatox as the platform is intuitive and has a convenient design. Mercatox exchange is located in the United Kingdom; however, users worldwide can access the exchange. Users can see the full list of supported currencies and countries on the exchange’s website. According to some Mercatox reviews, the customer support team is not responsive as it should be. 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.
Thus, it is possible to trade the most popular cryptocurrencies as well as trade those digital coins that are more obscure and tend to exist within niche markets. Yes, the exchange is safe to use and has gotten a very good reputation as being a credible altcoin trading platform. There are two security features that I recommend that you activate as soon as you join. The first one is the email account verification log in where you have to confirm your email address every time your log into your account. It’s easy and it only takes about 10 seconds to click the email that you receive every time you log in.
Mercatox Withdrawal fees
The exchange connects investors with each other and helps users take loans from fellow users. The lending process can help users without an upfront investment get the funds they require. Overall, the Mercatox trading interface is outdated and clunky, and it doesn’t appear that it is an area of investment for the company. Simply put, active traders have a lot better trading interfaces to choose from that provide much more streamlined and modern user experiences. Mercatox supports an impressive list of 510 different crypto assets and thousands of coin-to-coin trading pairs. Mercatox boasts support for the majority of well-established projects (Bitcoin, Ethereum, XRP) as well as lesser-known assets like Golem, Curium, and Zenon.
Their platform was created all the way back in 2016 and is available to users all around the world. Mercatox is a cryptocurrency exchange that offers peer-to-peer trading on hundreds of different digital assets. The information that is provided is poorly written and doesn’t inspire confidence. There were a few five star reviews, but some of these were mistakes by the users who called the site a scam in their actual comments. With so many other quality crypto exchanges available, trading with Mercatox is taking an unnecessary risk. Mercatox Exchange frequently and quite deservedly receives praise from clients.
It offers very little education on crypto, trading, or how to use the platform. I registered 1,5 month ago on Mercatox mainly because of good prizes for some altcoins. Sending BTC to Mercatox and trading BTC for LTC went all fine. Withdrawal for LTC was unavailable so i submitted a ticket to costumer service. We are now more then 1,5 month and several submitted tickets later and LTC withdrawal is still unavailable.
Conclusion: Mercatox Review
We adapted Google’s Privacy Guidelines to keep your data safe at all times. While some of these can be ascribed to user error, these complaints are far too widespread and consistent to give confidence that funds can be withdrawn in a quick and accurate manner. Account security at Mercatox is very basic with password creation and 2-factor authentication for email and account login. I was immediately redirected to another page that came with a registration form and process. The form asks you for simple details like phone number, country of residence, and email address. Once you fill out the form, you will receive a confirmation email.
The difference between negative vs positive rights is that one requires action while the other requires inaction. Negative rights are the requirements of someone else not to interfere in your ability to obtain something. Positive rights are a requirement of someone else to provide you with something.
What is the trade fee on Mercatox?
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. Mercatox.com is a peer-to-peer cryptocurrency trading platform that came into existence in 2016. The platform supports more than 100 leading cryptocurrencies, including bitcoin, Litecoin, Ethereum, and Dash.
What types of cryptocurrencies does Mercatox offer for trading?
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.
Is Mercatox safe and legitimate?
The bidding, which included 20,000 Merca worth 100 Bitcoins, was successful, with nearly 5% e-coins sold during the first stage. Merca is not a cryptocurrency in the broad sense of the word; it can only be traded within the platform. Its value is backed by a legal agreement between the exchange (as its seller) and the platform user (acting as a buyer). It will be possible to receive dividends according to the percentage specified here. Settlement will begin after the exchange passes the break-even point. No, however Mercatox notes a difference between verified and unverified accounts.
How Does Mercatox Work?
All users who promote the platform will get points for assistance with platform promotions. 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.
We can’t know if the money was lost because of the traders’ mistakes or it is a platform’s misconduct or weak security. What matter is that some people lose their money on Mercatox and when some of them try to get assistance from the platform, they are not getting it for months. We can’t sate that you will necessary lose your investment if you deposit to Mercatox, however, there is a risk involved and we have to admit that Mercatox cannot be called a safe platform as of now. Mercatox is clearly a developing platform with a lot in the works and considerable room for improvement, but it’s still a useable exchange. The trading interface is decent, and they have a lot of markets, though not as many stablecoin markets as most traders would probably prefer. As for their other services, they are are pretty underwhelming.
The exchange only displays a general “safety” button on its homepage, and three sentences at its FAQ page that are reassurances, nothing specific. No one should use a product with limited functionality and ongoing concerns about exchange integrity when so many other outstanding products are available. We recommend Bitstamp or Poloniex as far more complete and secure centralized exchanges.