MERCATOX Reviews Read Customer Service Reviews of mercatox com

If you can’t help but trade them, probably Mercatox can be a decent choice for this. There you can see the full list of supported cryptocurrencies with buttons Withdraw, Deposit, and Send. When you click on Deposit, the window with the deposit address pops up. You just send the coins there and wait until the payment arrives. To withdraw some coins you just should click on Withdraw and provide your wallet address. Mercatox is a crypto-to-crypto exchange that doesn’t deal with fiat money.

  1. In the upper part of the website, there is a menu with 3 tabs (Trade, Lending, and E-Wallet).
  2. One needs to click on Buy or Sell in order to complete the trade.
  3. This is much like a crypto copy trading platform but a bit more simplified.

Ever since I did my one and inly transaction there is a continuing maintenance on my crypto that isn’t allowing me to do anything with it. My only light to this is that it was a small amount of money I used to try them out. Our advice is always the same when it comes to crypto exchanges, always ensure you do your due diligence before deciding on the platform that suits your needs best. It’s up to you to decide if you can or cannot trust the platform after everything you learn about it. We cannot dismiss Mercatox as a fraudulent company only because this platform had a hacking incident in 2018 and has too little available information about security measures.

I have my ETH coins stuck on the…

For anyone wishing to earn money from crypto without investing or trading, Mercatox offers an affiliate program allowing people to promote Mercatox to earn crypto. Anyone with a Mercatox account can share a unique affiliate link with others to earn fee-based rewards. If a user signs up using one of these links, the affiliate will receive 15% of the newly referred user’s trading fees. As well as a further 5% of the fees generated by any users the referee invites to Mercatox.

Mercatox Trading Fees

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. Overall, the Mercatox trading interface is outdated and clunky, and it doesn’t appear that it is an area of investment for the company.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. While most modern trading platforms have opted to keep with the times and boast a sleek design, Mercatox has instead gone for a bare-bones approach. As a result, the exchange lacks modern styling, detracting from its appearance but adding to its ease of use.

Mercatox Fees\n

There is also very little transparency or information about what the exchange is doing to prevent hacks, scams and other potential attacks upon its users. Let’s explore a few areas that Mercatox gets right and what it gets wrong as a centralized crypto exchange. The only downside I felt in the UI was the information overdose. The trading page is full to the brim and has no additional white space for relaxing your eyes.

These flaws include poor customer support, fee, and limits on withdrawals. The fee structure that changes from coin to coin makes it difficult to understand the fee structure of the platform. We recommend investors to use regulated brokers platform such as Coinbase for cryptocurrency trading. Mercatox is a relatively small trading volume DEX that has been providing reliable coin-to-coin trading services since 2016. From an economical standpoint, Mercatox provides some value for money with its flat 0.25% trading fee and free deposits and withdrawals.

Where Is Mercatox Located?

A decentralized crypto exchange (DEX) that has been used widely is Mercatox. We’ve created this Mercatox review to clearly and concisely explain the ins and outs of the platform, highlighting its features, fees, and security measures. Choosing the right cryptocurrency trading platform plays a vital role in enhancing returns from volatile cryptocurrency markets.

My withdrawal of Cryptos are still in …

Mercatox is based in the Marshall Islands and the main company operating the business is called MX Digital LTD. Among negative customer reviews, withdrawal difficulty leads the list. Long wait times, failed confirmations, frozen funds due to “maintenance” and even sending crypto to the wrong address are among those that we encountered across many comment sections. No fiat withdrawals are allowed, but electronic withdrawals are accepted with the same deposit methods.

Some of the complainants claim that even after reaching out to customer support, they didn’t get the kind of assistance that they sought. 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.

This site was created for people interested in learning digital options, cryptocurrencies, Forex, CFD, ETF, OTN, and ICO and, of course, how not to fall for the bait of unscrupulous trading platforms. Here you can find a lot of useful information about brokers, strategies, and the latest news from the world of online investment possibilities and many other interesting topics. 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 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. Mercatox was founded in 2016 in response to the boom within the cryptocurrency market.

Coin in maintenance for 2 years

He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. Founded in 2016, Mercatox is a United Kingdom-based Decentralized Exchange (DEX) that serves more than 600,000 users across the globe. The Mercatox crypto exchange boasts many features designed to elevate the trading experience. These include a Peer-to-Peer (P2P) crypto exchange, margin trading capabilities, and an in-built cryptocurrency wallet that stores digital assets. Nevertheless, it’s also important to note that there are many complaints online from users who purport Mercatox is a scam after losing their funds on the platform.

It holds trader’s funds in a separate account to increase the safety. For instance, on trustpilot forum, one client said, “Avoid this company at all cost. The transaction was pending indefinitely and my crypto was gone in a jiffy.

Hackers who don’t have the user’s mobile device will be failing to log in to the accounts of Mercatox users due to the inability to log in without this one-time password. Even if they have obtained the email address and the password, hackers won’t enter the account and won’t steal any coins. The program was launched to reward points to those users who help promote the platform.

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