Mercatox Review: Pros, Cons, Fees, Features and Safety

Established in 2016, Mercatox is one of the emerging peer-to-peer cryptocurrency exchanges. This exchange is known for providing cryptocurrency trading services for a 0.25% fee on all trades. The platform permits traders to trade more than 100 cryptocurrencies. Traders from all over the world can access a wide range of currency pairs along with a multi-currency e-wallet. The platform is basically established to match buyers with sellers.

Besides cryptocurrency trading, Mercatox offers several other services to its clients such as lending platform and payment services.

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68% of retail investor accounts lose money when trading CFDs with this provider.

Choosing the right cryptocurrency trading platform plays a vital role in enhancing returns from volatile cryptocurrency markets. This guide will help crypto investors in understanding the key features and functions of this platform along with its regulatory status.

What is Mercatox?

Mercatox aims to offer a modern service for trading and exchange of more than 100 cryptocurrencies. Mercatox plans to allow traders to get funds for margin trading along with providing sources to invest and earn income on the loan. It is seeking to offer P2P lending facilities in the coming days. It also offers E-wallet for commercial and personal use.

How Does Mercatox Work?

Mercatox is seeking to attract customers from all over the world by offering them a platform in various languages such as English, Chinese and Russian. It has developed simple to use platform that let traders trade multiple crypto coins. Traders can view prices from both the e-currency market and the cryptocurrency markets.

With its proprietary web-based trading platform, traders can easily set the price, order type, and the amount combined with the direction of the trade. The platform permits traders to view the transactions history in the order book window. Margin trading is also available on this platform and it permits traders become a lender. Actually, Mercatox platform is seeking to cover multiple areas of investing to expand their customer’s base.

Which Countries Does Mercatox Support?

Mercatox permits customers across the globe to trade on their platform. This is not a regulated platform, which allows the management to accept clients from all over the world. Below is the list of countries that are accepted on Mercatox:

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68% of retail CFD accounts lose money.

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74% of retail investor accounts lose money when trading CFDs with this provider.

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The price and value of any investment in digital asset products can fluctuate.

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The traded price of digital tokens can fluctuate greatly within a short period of time.

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Market prices for digital tokens can be volatile and highly unpredictable.

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As with any asset, the values of digital currencies may fluctuate significantly.

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The value of digital currencies can go up or down frequently.

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71% of retail CFD accounts lose money.

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As prices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.

Rating

5.0

4.7

4.7

4.6

4.5

4.4

4.3

4.1

4.0

Mobile App Rating

10/10

9/10

9/10

8/10

8/10

9/10

9/10

9/10

10/10

Features

Mobile App

Wallet

Number of Coins

74

60

22

36

17

59

65

15

123

Fees

Trading Fees

Spreads

Spreads

0.1%

0.1%

0.1%

0.1%

0.50%

Spreads

0.2%

Deposit Fees

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Withdrawal Fees

$5

N/A

0.0005 BTC

N/A

N/A

N/A

N/A

N/A

N/A

Extras

Regulated

ASIC, CySEC, FCA

CySEC

N/A

N/A

N/A

FCA

FCA

CBI, MiFID

N/A

Min. Deposit

$50

100 EUR

N/A

N/A

$10

$10

$2

$100

N/A

Leveraged Trading

N/A

N/A

1 - 100x

1 - 100x

1 - 10x

1 - 100x

N/A

1 - 30x

1-200x

Latest Prices (per Coin)

Bitcoin

$24047.04

$23904.19

$23826.81

$40391.88

$40393.04

$40404.41

$40416.27

$23892.28

$40377.55

Ethereum

$1692.32

$1687.29

$1676.82

$2796.11

$2795.55

$2797.45

$2796.59

$1681.42

$2795.54

XRP

$0.42

$0.42

N/A

$0.23

N/A

$0.78

$0.30

$0.42

$0.78

Tether

$1.01

$1.01

$1.00

$1.00

N/A

N/A

$1.00

N/A

N/A

Litecoin

$101.03

$100.53

N/A

$109.04

N/A

$109.10

$109.04

$100.63

$108.99

Bitcoin Cash

$141.30

$141.72

N/A

$506.41

N/A

$295.12

$295.07

$141.65

$294.96

Chainlink

$7.38

$7.32

N/A

$14.26

N/A

$14.68

$14.67

$7.41

$14.68

Cardano

$0.41

$0.41

N/A

$0.83

N/A

$0.83

$0.83

N/A

$0.83

IOTA

$0.24

$0.24

$0.24

N/A

$0.70

$1.91

$1.91

$0.24

$0.70

Binance Coin

$331.38

$328.43

$328.35

N/A

N/A

$385.92

N/A

N/A

N/A

Stellar

$0.09

$0.09

N/A

$0.19

$0.08

$0.19

$0.19

$0.09

$0.19

Bitcoin SV

N/A

$43.55

N/A

$182.50

N/A

N/A

N/A

N/A

$77.12

USD Coin

N/A

N/A

N/A

$1.00

N/A

N/A

N/A

N/A

$1.00

EOS

$1.11

$1.11

$1.10

$2.06

$2.06

$2.06

$2.05

$1.11

$2.06

Monero

N/A

$179.15

$176.81

N/A

N/A

N/A

N/A

N/A

$188.31

Payment methods

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