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. Most crypto exchanges charge a fee per transaction, which can be a flat fee, a percentage of the trade volume or a markup on the conversion rate applied to the transaction. Many users complain that they cannot get a satisfactory response from the support team of the exchange for months. Sometimes, the customer service doesn’t provide even a formal response to queries.
Mercatox Crytocurrency To Crytocurrency Trading
Many of the supported coins are not available for withdrawal due to maintenance. Fees and limits are higher than the average commissions that can be stumbled upon in 2022. It’s hard to predict if Mercatox will ever recover or will it be in the development stasis state forever.
How Do I Withdraw From Mercatox?
- The Mercatox app can be found on the Play Store on all Android devices, offering the same features as the desktop website.
- Whenever a firm is active for more than a couple of years, they gain a reputation, and in today’s time, it is almost impossible to keep clients from sharing their experience online.
- Nothing on the platform shall be construed as an offer to buy, sell, or hold digital assets.
- Previously a sales and marketing expert, he has been an author covering cryptocurrency and financial markets for the last decade.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. A chat on a trading platform is just asking people to mess with the token prices and bulling members.
Preliminary Checks
Then, one needs to pass the Captcha check (“I’m not a Robot”), and click on the Register button. To get started on Mercatox, one should visit the official website (mercatox.com) and click on the Sign Up icon. The homepage informs all visitors about the advantages of the platform and describes all the features in short. In the upper part of the website, there is a menu with 3 tabs (Trade, Lending, and E-Wallet).
The difference is that these orders get triggered only if the market price reaches a specific figure. 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. Yes, Mercatox is among the safest web wallets available.
Be crafull it’s a scam exchange even…
Mercatox offers features like crypto investing, custodial accounts, an advanced platform for trading, and its own designated US dollar stablecoin. Trading commissions at Mercatox work similarly to traditional share dealing fees. The standard trading commission at Mercatox is 1.49 percent, so users will have to pay this percentage when they buy or sell a digital currency. Mercatox Users will have to pay a 0.30% trading fee as well as deposit fees of None when buying and selling cryptocurrency with Mercatox. Mercatox enables customers holding crypto to take part in staking rewards.
Mercatox also offers a learning platform that rewards users with cryptocurrencies to learn about how they work. Project Editorial Revieweek does not consider the Mercato crypto exchange to be a scam or fraud. The rating of the site may change after new reviews of traders appear, but for now, the service deserves respect. The exchange is interesting for cryptocurrency traders from all over the world, and they often evaluate it positively, showing that the company is on the right track. Mercatox Exchange frequently and quite deservedly receives praise from clients. According to a number of regular traders, it works in a stable mode, but some traders believe that the administration is not too diligent in its development.
- 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.
- 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.
- To get started on Mercatox, one should visit the official website (mercatox.com) and click on the Sign Up icon.
- It’s crucial for users to assess the trading view to ensure it aligns with their preferences.
Beyond that, the next two features that matter most to Canadians are fee structure (22.18%) and ensuring that the crypto platform has a user friendly interface mercatox exchange reviews (18.68%). 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.
I;m fed with people recommending illegal sites for me for me to get my refunds, please any legit suggestion?
There are two types of crypto exchanges in Canada — Centralized Exchanges and Decentralized Exchanges. Let’s dive deeper into what these two types of exchanges are and what they mean for how you trade crypto. 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. I registered 1,5 month ago on Mercatox mainly because of good prizes for some altcoins. Withdrawal from Mercatox to an external wallet is a disaster.
Still, should one of the successful cryptocurrency exchanges Mercatox be defined as a scam? It’s better to take your time when making conclusions, as there are many tools and options available that can help traders make more profitable trades. Mercatox is an exchange for trading digital assets, which appeared on the financial market in 2015. In five years, the platform has actively developed, became quite popular among users around the world, and attracted more than 680,000 traders to the project. The service focuses specifically on the international market, and the interface of the official website is translated into the most popular languages among customers are English and Chinese.
This platform also follows all the safety features and has a valid SSL certificate. Information that is shared with this website is completely encrypted and cannot be accessed by outsiders. This firm also offers interesting affiliate programs, and due to that reason alone, many small websites also promote them and monetize their traffic.
Best crypto exchange in Canada overall: Coinbase
Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in cryptocurrencies carries with it potential risks. Also, customer support needs to be more responsive, and they need to feature telephone support to establish reassurance among the users.