Mercado Bitcoin
- Overview
- Security
- User Experience
Volume 24H: BTC 952/24h
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
- BCH
- BTC
- LTC
Traditional Currency Support
- BRL
Language Support
Country Support
- Most of Latin America
Platforms Systems
- — Api
- — Web Interface
Stock Market Options
Mercado Bitcoin has strong security, with two-factor authentication, strong encryption and cold storage of the majority of user funds. However users are advised to use a cold wallet for long-term savings. They had a major security breach before the new CEO took over, and since then they have had a clean record.
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 |
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 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 | No |
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