Unlike most cryptocurrency exchanges that we find on the internet, Mercatox is a multifunctional cryptocurrency exchange that offers more than cryptocurrency trading services. Apart from providing trading services for a wide selection of cryptocurrencies, Mercatox also provides its clients with a lending platform, a multicurrency wallet and payment services. With more than 280,000 registered users, Mercatox has become one of the most talked about cryptocurrency exchanges in recent months.

Contents

• Deposit and Withdrawal Options
• Fees and Charges
• Privacy
• Customer Support
• Pros and Cons
• FAQ
• Conclusion

The multi-functional platform is suitable for both beginner and experienced cryptocurrency traders.

Available in various languages such as English, Russian and Chinese, the Mercatox platform allows you to trade in several kinds of cryptocurrencies such as Bitcoin, Dash, Dogecoin, Ethereum, Litecoin, OkPay, Payeer, PerfectMoney, and Ya.Money. With its proprietary web-based trading platform, you can view prices from both the cryptocurrency markets as well as the e-currency market. In the e-currency market, the choices of currency pairs include the following:

• BTC /OK USD
• BTC /PM EUR
• BTC /PM USD
• BTC /PR RUB
• BTC /PR USD
• BTC /QIWI
• BTC /YA RUB
• MERCA /QIWI
• PM USD /YA RUB
• POINT /BTC

With the platform, you can set the order type, the price and the amount as well as the direction of the trade. Once executed, you can view the order history in the order book window. The platform also lets you trade on margin. And with margin trading, Mercatox also give you the option to be a lender to other traders.

Deposit and Withdrawal Options

At present, Mercatox deals purely in cryptocurrencies. It has no support for fiat currencies and as such you will be unable to fund your Mercatox account through traditional funding methods such as bank transfer or credit cards. Instead, you fund your Mercatox’s account using cryptocurrencies. Mercatox provides its clients with a multicurrency wallet with the following type of digital currencies below.

Fees and Charges

In terms of trading fees, Mercatox charges 25%. For withdrawals, the fees depend on the type of cryptocurrencies. The following table below gives an indication of the fees that Mercatox charges for withdrawals:

Privacy

Like most cryptocurrency exchanges, Mercatox differentiates between unverified account and verified the account. Naturally, with verified accounts, the withdrawal limits are higher. Nevertheless, unverified accounts can still make BTC withdrawals limited to 0.5 BTC per day. For the verified account holders, they can withdraw up to the equivalent of 5BTC per day.

As for the security at Mercatox, the exchange does not provide any information regarding their security setup.

Customer Support

To cater to their multi-lingual clientele, Mercatox has made its website available in 3 different languages, English, Russian and Chinese.  For the customer support service, you can reach out to the support team through email or through the support center.

Pros and Cons

Pros

• Intuitive Platform
• Margin Trading available
• Wide selection of cryptocurrencies
• Multicurrency Wallet

Cons

• No support for fiat currencies

FAQ

• What is Mercatox?

Mercatox is a multifunctional cryptocurrency exchange that provides its clientele with a variety of services related to cryptocurrencies.

• What types of cryptocurrencies does Mercatox offer for trading?

At present, Mercatox offers trading services for Bitcoin, Dash, Dogecoin, Ethereum, Litecoin, OkPay, Payeer, PerfectMoney and Ya.Money.

• What are the trading fees at Mercatox like?

Mercatox charges a flat fee of 0.25% when executing a trade.

• Do you accept fiat currencies deposits?

No. At present, Mercatox does not support fiat currencies deposits or withdrawals.

Conclusion

Overall, what Mercatox is attempting to create is a cryptocurrency marketplace that is able to meet the diverse needs of its clients. As to whether the exchange will be successful with its endeavor in the future, only time will tell. As for now, the services remain below par when compared to what the leading exchanges are able to offer.