Mercatox
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What is Mercatox?
Mercatox is a centralized cryptocurrency exchange based in Canada, operating since 2015. The platform positions itself as a modern service facilitating access to e-currency and cryptocurrency exchange markets. It caters to both experienced traders and beginners.
Mercatox Advantages
The exchange highlights several advantages, including low fees, a loyalty program, and an affiliate program. However, a closer look at the fees reveals that they are, at best, in line with the industry average.
US-Investors Consideration
While Mercatox does not explicitly prohibit US investors, caution is advised. US investors should conduct an independent assessment to ensure compliance with residency or citizenship regulations. In some cases, trading restrictions may apply, limiting access to potentially ideal cryptocurrency exchanges.
Account Verification
Mercatox distinguishes between verified and unverified accounts. Verified accounts enjoy higher withdrawal limits, with unverified accounts restricted to a daily BTC withdrawal limit of 0.5 BTC. Verified account holders, on the other hand, can withdraw up to 5 BTC per day.
Mercatox Trading View
Different exchanges offer varying trading views, and the choice depends on individual preferences. The trading view typically displays the order book, a price chart, and order history. It's crucial for users to assess the trading view to ensure it aligns with their preferences.
Trading Fees on Mercatox
Mercatox employs a flat fee model, charging a uniform fee of 0.25% for both makers and takers. This aligns with the industry average, where makers provide liquidity, and takers remove it.
Withdrawal Fees
Withdrawal fees on Mercatox for BTC range from 0.0003 BTC to 0.005 BTC, depending on the desired confirmation speed. Faster transactions incur higher fees, providing priority, while lower fees result in normal priority and potentially longer processing times.
Deposit Methods
Mercatox exclusively accepts cryptocurrency deposits, excluding other traditional methods. Prospective traders without cryptocurrencies must first acquire them from another exchange before initiating trades on Mercatox.
What are the trading fees on Mercatox?
Mercatox employs a flat fee model, charging a uniform fee of 0.25% for both makers and takers. This aligns with the industry average, where makers provide liquidity, and takers remove it.
Does Mercatox offer leverage trading?
Mercatox does not currently offer margin trading or leverage options.
When was Mercatox established?
EXCHANGE was founded in .
Where is Mercatox located?
Mercatox is based in Marshall Islands.
What is the volume of Mercatox?
EXCHANGE has a trading volume of $ in the last 24 hours and $ in the last 7 days.
Is Mercatox safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Which coins can I buy through Mercatox?
You can buy the following tokens/coins on Mercatox:
What are the listed pairs on Mercatox?
You can trade the following tokens/coins on Mercatox:
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
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