Mercatox Exchange Review - What Does It Have To Offer?
Crypto trading can be very lucrative if done right. However, for it to be lucrative, traders need a medium that equips them with all the right tools to make a profitable trade. This medium is usually known as a crypto trading platform and since cryptocurrency is being adopted worldwide, a number of crypto trading platforms have sprouted. Therefore, choosing the right crypto trading platform has become necessary to maximize your returns in the volatile digital currency market.
Enter Mercatox. Unlike other crypto exchanges, Mercatox is a multifunctional crypto exchange that offers a lot of crypto trading services. Other than offering trading services for a wide range of digital tokens, Mercatox exchange also offers a lending platform for its users, a payment service, and a multi-currency wallet (for both personal and commercial use). With over 280,000 registered users, Mercatox has become one of the best upcoming crypto exchanges and a perfect medium for crypto traders. In this brief Mercatox review, we will highlight what else this exchange has to offer.
Connecting your Mercatox Address to ZenLedger For Your Crypto Tax Forms
As one of the most comprehensive cryptocurrency tax software options on the market, we have import instructions for well over 500+ exchanges.
Within ZenLedger, on the Import Transactions page and Exchanges tab, select the Exchange you want to import. Then you'll see a table that outlines the possible methods. We support a direct API code import for many centralized exchanges, while others may require a CSV import. Decentralized exchanges may require a wallet address.
To import your transactions from an exchange, simply navigate to the "Exchanges" tab of the "Imports" page. Select the exchange that you are looking to import, and instructions will be provided for that specific exchange!
Mercatox Trading Platform
The Mercatox trading platform is designed for both beginners as well as professionals. It is simple and easy to use and the website mentions all the supported tokens so that the users can easily choose their favored crypto trading pairs.
The web-based, proprietary trading platform can be customized as per the user's needs. Users can easily set the crypto price, order type, and the amount of trade they want to execute. The registered users can also view their transaction history from their order book window. With these advanced tools, Mercatox exchange strives to cover several investment areas and expand its customer base.
Mercatox Fees and Charges
The Mercatox exchange has not created a fee structure for either makers or takers. Instead, it has a flat fee model. The withdrawal and trading fees are mentioned below:
Mercatox Trading Fee
The trading fee on this platform is about 0.25 percent, which aligns perfectly with industry standards. So, this means that the trading fees on the Mercatox exchange are quite competitive.
Mercatox Withdrawal Fee
The exchange doesn’t charge a deposit fee, but there’s a withdrawal fee, which ranges from 0.0003 BTC to 0.005 BTC. However, the fee also depends on how fast the users need to withdraw. The withdrawal fees are network fees or mining fees that users have to pay, and if they pay more, the transaction is processed faster. Similarly, if a user pays less, the transaction might take a few days.
Services and Products Offered
The peer-to-peer crypto trading platform strives to offer its unique features and crypto trading services to its customers all across the world. Other than being user-friendly, it is also available in languages such as Russian, English, and Chinese. Mercatox exchange users can not only view prices from the cryptocurrency markets but also from e-currency markets.
As we’ve already established, Mercatox exchange offers a bunch of products and services to its users. Let’s start with the first one.
Multiple Orders Types
Mercatox users can enjoy the functionality of multiple order types. Here are the different types of orders the exchange has to offer:
- Limit Order: This type of order cues the users about the minimum price to sell to the maximum price to sell.
- Market Order: This order type is executed instantly at the market price of the token.
- Stop Order: It gets converted into a market order immediately after achieving the specified market price.
Multiple Payment Getaways
Mercatox exchange supports an array of payment gateways such as Payeer, OKPAY, Kiwi, Yandex Money, and Perfect Money.
This exchange offers a fast, secure, and easy-to-use multi-currency wallet to its users. It can be used for both personal and commercial use and it can store all the supported tokens purchased from Mercatox and hold them safely until sold.
Margin Lending allows traders to make money without crypto trading. The platform also gives you the opportunity to be a lender to other traders.
Users can earn quite a reward for referring other traders on the platform who get invited via a referral link. The referrers get a percentage of the profits from each trade the referrals make.
For First-level Referrals: The referrers get a 15 percent commission from the transaction.
For Second-level Referrals: The referrers get a 5 percent commission from the transaction. Profits are calculated immediately and transferred to the user’s wallet.
The Bottom Line
It is quite evident that Mercatox is trying to create a crypto marketplace that meets the needs of diverse users. Its user-friendly UI, multi-currency wallet, and multi-payment services are a testament to that. Also, we found in this short Mercatox review that it has so far been successful in its endeavor, but it still has a long way to go as compared to the leading exchanges that have a lot to offer.