Mercado Bitcoin

Mercado Bitcoin

Mercado Bitcoin
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $1,639,843

Mercado Bitcoin is one of the biggest cryptocurrency exchanges in Brazil and South America, supporting Bitcoin, Bitcoin Cash, and Litecoin in exchange for Brazilian Real only. They put a lot of work into security and have hundreds of thousands of users and a good level of liquidity that ensures fair rates.

Mercado Bitcoin has a lot of functions and different order types, so it might be a bit difficult for a beginner to understand immediately, but there is a lot of info on the website that helps users a lot. It can be used for quick transactions but long-term storage should be done in a cold wallet.

Crypto Currencies Support

Traditional Currency Support

  • Brazilian Real (BRL)

Country Support

  • Most of Latin America

Platforms Systems

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Allows customization of charts

Advanced
Options:

  • Limit Order
  • Market Order

Mercado Bitcoin security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
At least 80% of user funds are stored in cold storage

Security Features:

  • SSL
  • PCI DSS standards
  • Protection from DDoS attackes
  • Regular data replication and backup
  • PGP/GPG email encryption

Legal Registration or Compliance:

  • KYC/AML Compliant

Mercado Bitcoin was taken over by CEO Rodrigo Batista in 2013 and has had a healthy growth to become one of the largest exchanges in Latin America. The team has vast experience in finance and technology and is dedicated to contributing to the transformation of the financial industry with the help of technology. They claim to have over 500,000 customers.

Summary:

Mercado is based in Brazil and available only in Latin America. The platform is available in Portuguese only. It has a good reputation and strong security features but they have had a breach in the past. They have a strong presence on social networks and maintain good communication with their customers. The website is well-designed and informative and the platform offers good functionality.

Ease of use
Intuitive
Transaction Fees
0.5-0.79%
Deposit/Withdrawal Fee
Variable withdrawal fees
Deposit/Withdrawal Fee c For Bank Transfer
1.1+, + 2.90 BRL
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
It's free (fees may be hidden)
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using an ATM (Special BTC ATM), Withdrawl funds to bank account, Send/Receive Crypto

Functionality:

Mercado Bitcoin is a feature-rich platform that allows trading between BRL and Bitcoin or Litecoin. Crypto-to-crypto exchanges are not available. Deposits can be made through cash deposits or through a bank account with various verification levels (regular, VIP, Gold) that influence transaction limits.

Most common
customer complaint:

some delays in transactions & customer service