It is important for you to do as much research as possible before adding any cryptocurrency to your portfolio. Trading cryptocurrency can result in an immense loss of capital and without proper Technical Analysis and experience , you may lose a lot of money. You should be aware, that all its social media accounts are only news channels, it never uses it for communication. There is also a market order put in place where it represents the buy and sell orders implemented immediately at the present market prices. They execute granted personal data security and protection according to generally accepted practice data protection in the Internet community.
While there are no deposit fees, withdrawal fees apply and vary depending on the currency you wish to withdraw. The broker seeks to attract clients from all over the globe with a specialty in crypto trading and special features presented. Providing the website in different languages like English, Russian and Chinese, the broker allows trading with multiple types of cryptocurrencies. Read this Mercatox exchange review and learn whether is Mercatox safe or not.
Markets
They take security measures to help safeguard your personal information from unauthorized access and disclosure. Therefore, although they take steps to secure your information, they do not promise, and you should not expect, that your personal information, chats, or other communications will always remain secure. It supports fiat currencies such as USD, Rubies, and Euro.
Owners of the unverified accounts can only make withdrawals to a specific limit using only bitcoin. Mercatox is a cryptocurrencies exchange that combines automated trading, payment service, peer-to-peer sharing based on smart contracts. Mercatox.com needs to review the security of your connection before proceeding.
What is Mercatox?
Customer service is set in place with different ways to get in touch. Its easy to open an account with the broker yet I’d advice to check regulated brokers first. For starters, they don’t obtain any sort of regulation or license to carry out the operation and that raises a big red flag regarding the broker. The absence of a regulatory license raises the doubts about the authenticity of the broker and the safety of traders’ funds. Unfortunately, the company does not offer bank wire transfer and credit cards options.
- A cryptocurrency trading platform may be required to be recognized as an exchange under section 25 of the Securities Act, RSBC 1996, c.
- The firm operating the site and the brand is headquartered in London, UK. It is not regulated by the Financial Conduct Authority , nor by any other regulator.
- Generally, the profit is calculated on the spot and the credit of the commission is added to the wallet automatically.
- The website is well-designed and it is easy to find information on pages.
- The security measures the broker is applying to maintain the safety of the information on the accounts aren’t disclosed perhaps due to confidentiality reasons.
The withdrawal fees ranges from 0.0003BTC to 0.005BTC on BTC withdrawals. For the traders who pay less, the transactions might take some time to process within the range of few days. In which, as per the average of the market, the fees on the withdrawals applied by the broker of 0.0003BTC is below the average of the market which gives an advantage for the broker. Mercatox charges a 0.25% fee per trade to both its buyers and sellers.
The firm operating the site and the brand is headquartered in London, UK. It is not regulated by the Financial Conduct Authority , nor by any other regulator.
Mercatox Exchange Info, Markets & Trading Volume.
With over 200+ listed cryptocurrencies, the broker applies 0.25% as a transaction fee. Cryptio™ aims to be a one stop news source for daily crypto news, trend analysis and what is trending on the NFT market. Our content is for everyone and for educational, not financial advice. The stop order service is also offered by Mercatox which instantly transforms into a market order after reaching the current market price at a specified rate. According to the website of Mercatox, it is planning to provide not just a service with different abilities, but create a new financial market in the digital world. We love to HODL and make gains, but cryptocurrency is not a one-way street.
Which is quite reasonable considering that resembles the average in the market. There’s also 0.25% per transaction on the exchange, which makes the trading fees with https://forex-review.net/ competitive and reasonable. The trading process here deals mainly with crypts and their different types and form. A cryptocurrency trading platform may be required to be recognized as an exchange under section 25 of the Securities Act, RSBC 1996, c.
Mercatox is a modern service for accessing e-currency and cryptocurrency exchange markets. Mercatox is a convenient and advantageous platform for trade, exchange of various currencies, which can be used by both experienced traders as well as beginners. We urge BC residents to exercise caution when dealing with cryptocurrency trading platforms that have not been recognized or registered in BC. The broker is offering as well the limit order service which can tell the clients, who have set up this service, about the maximum price of cryptocurrencies to buy or the lowest price to sell. However, the UK financial watchdog did not provide a definite regulation for the crypto-exchanges.
But, it doesn’t have a mobile trading application, has low trading volumes as well as liquidity. Mercatox’s website supports three languages including English, Russian, and Chinese. The website is well-designed and it is easy to find information on pages. Generally, the profit is calculated on the spot and the credit of the commission is added to the wallet automatically. For example, if verified account holders can make 5 bitcoin per day, the unverified account holders can withdraw 0.5 bitcoin per day. The exchange is launched in 2016 and the company behind it is Mercatox Limited.
mercatox.com
418 or be registered as a dealer under section 34 of the Act. mercatox exchange reviews has not been recognized as an exchange or registered as a dealer in BC. Deposits and withdrawals are done in several ways mainly using cryptos yet no options for credit or debit cards, bank wire transfers, or e-wallet funding.
This is currently the most common case of cryptocurrency exchanges worldwide. However, investors should also be aware that there are many blockchain themed fraud schemes. Mercatox claims to offer an online cryptocurrency trading platform and we are aware that Mercatox accepts British Columbia residents as clients.
Forexbrokerslab is my personal blog where I compare reliable forex brokers. I’ve been in forex trading since 2009 and I’m still learning. I have traded with the most popular forex brokers, including the most unknown ones in any regulation and many different account types. In this Mercatox review, we discussed that Mercatox is a London-based exchange with a wide range of cryptocurrencies traded with reasonable trading fees.
You can get the discounts over the trading fees, voting rights, and so on. There are 2 types of reward programs offered by Mercatox which provide different privileges to the clients meeting the terms and conditions of each of them. You can gain money without crypto trading through margin lending service in which the broker lends you the funds and so you can trade and make profit.
Withdrawals are available with fees applied to them however the fees are quite reasonable and match the average of the market. Some reward options are set in place to reward clients who spread the word about the broker. These rewards are 2 types, the loyalty program, and the affiliate program which have 2 subdivisions inside that are 1st and 2nd level referrals.
