Mercatox

Mercatox

  • United Kingdom of Great Britain and Northern Ireland

  • Full trading platform

  • Mercatox.com

  • Since 2018

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

Volume 24H: $4,450,669

Mercatox is a new cryptocurrency exchange that integrates a peer-to-peer trading and a full trading platform. Transactions are made through secure Ethereum smart contracts, bypassing the exchange's platform. The platform can be used by both experienced traders and beginners who wish to combine trades of different types of digital money.

The platform combines automated trading with a payment service and a peer-to-peer exchange. There are three types of orders: Limit, Market, and Stop order. Fees are fixed and differ from one coin to another. They keep their users updated through social networks and offer loyalty programs.

Traditional Currency Support

  • Euros (EUR)
  • US Dollar (USD)

Language Support

  • Chinese
  • English
  • Russian

Country Support

  • Australia
  • Canada
  • China
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • New Zealand
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland

Platforms Systems

  • Web Interface
  • Mobile App

Stock Market Options

Interface
customisation:

  • Not customizable

Advanced
Options:

  • Limit Order
  • Market Order
  • Stop Order

Discounts For
The Big Traders:

  • Reduced Maker fees

Special
Services:

  • Peer to Peer margin trading

Mercatox 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
Hot storage

Advanced Security Features:

  • Ability to limit access to account based on IP address
  • Monitor bahavior patterns for suspicious activity
  • Ability to define a withdrawal white list
  • Limit amount of daily trades
  • Limit amount of daily withdrawls

Security Features:

  • SSL
  • Protection from DDoS attackes

Legal Registration or Compliance:

  • KYC/AML Compliant

Mercatox is a product of Mercatox LTD, a company based in the United Kingdom. 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.

Summary:

Mercatox is a platform that integrates a lot of different functions. Unfortunately, users are posting a lot of complaints regarding slow customer service and suspected scams. Users who signup for their services are advised to transfer their funds to secure external wallets as the platform experiences frequent down-times and has not been fully proven to be secure.

Ease of use
Intuitive
Transaction Fees
0.1-0.29%
Deposit/Withdrawal Fee
Fixed fee
Deposit/Withdrawal Fee c For Bank Transfer
N/A
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 using 3rd party, Withdrawal funds through a third party, Send/Receive Crypto

Functionality:

Mercatox allows users to keep their anonymity for transfers under 1 BTC. A wallet is provided for each supported cryptocurrency along with professional tools for traders. The platform offers unique cryptocurrency pairs and favorable conditions as well as a variety of payment methods.

Most common
customer complaint:

Blocked accounts, long processing time, fraud accusations