Mercatox Reviews, Trading Fees & Cryptos 2025

Mercatox Reviews, Trading Fees & Cryptos 2025

These systemic security concerns are coupled with a history of user reports that indicate frozen funds, withdrawal failures, and weak resolution when problems do arise. We could not find evidence of cold storage or encryption protocols. There is also very little transparency or information about what the exchange is doing to prevent hacks, scams and other potential attacks upon its users. Receive the latest news about our cryptocurrency education courses, events, and guides. According to user reviews, there is a chance that you won’t be able to withdraw some of your money from Mercatox. On the website, users will find the official Mercatox contact info, including several email addresses, social media pages, and so on.

• The program is one of its kind and allows users without an upfront investment to take funds from others and invest in the trading process.
• By verifying the account the user gains access to withdrawals of up to 5 BTC in 24 hours.
• You won’t get the full service from Mercatox if you don’t provide the required data.
• Even if they have obtained the email address and the password, hackers won’t enter the account and won’t steal any coins.
• While the fees may be higher than Bybit and Binance (0.1%), Mercatox still beats the fees charged by many other popular crypto exchanges.

Mercatox KYC and Verification Process: Does Mercatox Require KYC?

Mercatox Users will have to pay a 0.30% trading fee as mercatox exchange reviews well as deposit fees of None when buying and selling cryptocurrency with Mercatox. Mercatox allows users to take custody of their cryptocurrency assets themselves. Users can either use Mercatox’s crypto wallet, or their own.Mercatox also has over 3 fiat currencies available including USD, EUR, RUB all accessible to registered users.

The homepage informs all visitors about the advantages of the platform and describes all the features in short. In the upper part of the website, there is a menu with 3 tabs (Trade, Lending, and E-Wallet). One can directly contact the exchange to see the full list of supported countries. I was immediately redirected to another page that came with a registration form and process.

Is Mercatox a scam?

But no platform is perfect, and Mercatox does have its shortcomings. I also found the free universal wallet to be functional because it helped me store multiple fiat and cryptocurrencies. However, you can only recharge your wallet transactions on the platform and cannot replenish it with deposits. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. In short, it’s a platform with a lot of problems and will certainly struggle to compete with any major exchange, centralized or otherwise. It’s possible they keep improving their services, but considering they’ve been around since 2016, it’s hard to imagine the improvements in the next year will be that much of a change.

Best Crypto Lending Platforms

• Additionally, Mercatox gives users the option to initiate instant payment gateways.
• Mercatox also has a permanent loyalty program in place to appreciate users who promote the platform.
• Mercatox is convenient and advantageous platform for trade, exchange of various currencies, which can be used by both experienced…
• With security becoming an area of interest, it is highly necessary for the exchange to add relevant info on the website.
• Withdrawal from Mercatox to an external wallet is a disaster.

Unfortunately there is ZERO COMMUNICATION from The MERCATOX SUPPORT DESK. I sadly believe from all the comments others have left here and on the internet that I will not see my transaction complete or that they will mysteriously disappear. I have Video recordings and Captured Photo evidence of my transactions just in case something happens to my funds. I too have never placed a review here but I feel compelled to do so because of what I and others are experiencing.

Withdrawl pending

As for their other services, they are are pretty underwhelming. The lending isn’t accessible to those in the US or any of the dozen other countries I attempted through a VPN, so it’s hard to say how good or bad it even is. With Mercatox standard cryptocurrency to fiat withdraw fees varies by cryptocurrency,instant cash-out of your Mercatox account. A withdrawal fee of (Fees vary) may also be required for certain 3rd party payment methods instead of using cleared bank funds. Like most cryptocurrency exchanges, Mercatox differentiates between unverified account and verified the account.

Mercatox Trading View

For those who prefer simplicity, Mercatox forgoes the typical taker and maker fees of most exchanges by offering a flat 0.25% trade fee, which is on the lower end of the scale. Verified users also immediately qualify for the Mercatox affiliate program that offers commissions for referrals, as well as subsequent trade commissions. For those of us who have been through many crypto cycles, we have come to value security most of all. Unfortunately for Mercatox, despite having resolved major issues in the past, it remains too low on our overall evaluation of trust to suggest trading on the exchange at this time.

Mercatox Currency Conversion Fees

The exchange also supports multiple cryptocurrencies, with over 200 coins on offer. Their wallet also has an API integration for users to accept payments on their website, which is somewhat unique but not quite as intuitive or smoothly executed as something like FTX pay. Overall, the wallet is pretty well put together and easy to use, but also fairly standard within the industry. Mercatox enables entitled customers to learn about digital currencies through their educational resources offered. Users can even unlock lessons educational content and earn cryptocurrency in the process. The payment methods offered at Mercatox are Bank transfer (ACH).Mercatox also offer wallet, wire transfer, crypto conversion, ACH transfer, and credit transactions.