Volume 24H: $15,329,687
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.
Crypto Currencies Support
Traditional Currency Support
- Euros (EUR)
- US Dollar (USD)
- European Union
- Hong Kong
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Russian Federation
- United Kingdom of Great Britain and Northern Ireland
- Web Interface
- Mobile App
Stock Market Options
- Not customizable
- Limit Order
- Market Order
- Stop Order
The Big Traders:
- Reduced Maker fees
- 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.
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
- 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.
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.
Deposit using 3rd party, Withdrawal funds through a third party, Send/Receive Crypto
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.
Blocked accounts, long processing time, fraud accusations