Mercatox cryptocurrency exchange – December 2018 review

Mercatox Cryptocurrency Exchange
Mercatox Cryptocurrency Exchange
  • Buy/sell 120+ cryptocurrencies
  • Crypto-to-crypto and fiat-to-crypto trading
  • Multiple payment methods
  • Multi-currency ewallet

Buy and sell over 120 cryptocurrencies with a 0.25% trading fee.

Launched in 2016, Mercatox is a peer-to-peer cryptocurrency exchange that allows you to buy and sell well over 100 cryptocurrencies. A 0.25% fee applies to all trades, and you can access a wide range of currency pairs as well as a multi-currency e-wallet to store your crypto assets.

We’ve gathered everything you need to know about the benefits and disadvantages of trading cryptocurrency with Mercatox, so keep reading to find the information you need to decide whether or not this is the right exchange for you.

Product Name Mercatox Cryptocurrency Exchange
Fiat Currencies USD, EUR, RUB
Cryptocurrencies BTC, ETH, DCN, BCH, NIO, TRX, DASH, COB, DOGE, PRIX, DSR, XCPO, LTC, XRB, VERI, LOC, NUA, PKT, PPT, ICO & 80+ more
Deposit Methods Cryptocurrency
Payeer
Perfect Money
Yandex Money
Trading Fee 0.3%
Deposit Fees None
Withdrawal Fees Fees vary

Pros

  • Access to an extensive range of cryptocurrencies
  • Transparent 0.25% fee on all trades
  • Multi-currency e-wallet
  • Ability to place limit, market and stop orders
  • Loyalty program that rewards users who promote the platform

Cons

  • Limited information available online
  • No credit card or bank transfer deposits
  • Withdrawal limits and fees apply
  • Low trading volumes on many currency pairs
  • No mobile trading app available
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Mercatox?

Based in the UK, Mercatox is a cryptocurrency exchange platform with more than 280,000 users. As well as popular cryptos like bitcoin, Litecoin and Ethereum, it allows traders to access an extensive list of other, rarer cryptocurrencies.

Mercatox also offers an e-wallet where you can store multiple digital currencies and has plans to launch a peer-to-peer lending platform to allow investors to loan money to cryptocurrency traders. 

Available countries

Mercatox can be accessed by Australian users and traders from a wide range of countries around the world. For a full list of supported countries, please contact Mercatox.

Which deposit methods are accepted?

Mercatox accepts deposits in the following cryptocurrencies:

  • BTC
  • DOGE
  • DASH
  • ETH
  • LTC

You can also deposit US dollars (USD), euros (EUR) or Russian rubles (RUB) using one or more of the following electronic payment methods:

  • OKPAY
  • Payeer
  • Perfect Money
  • Qiwi
  • Yandex Money

Mercatox fees and charges

Mercatox charges a 0.25% fee on all trades placed through the platform. While there are no deposit fees, withdrawal fees apply and vary depending on the currency you wish to withdraw. Some sample withdrawal fees are shown in the table below, but you can visit the Mercatox website for a full list of charges for all currencies.

CurrencyWithdrawal fee
Bitcoin (BTC)0.0001 - 0.005
Ethereum (ETH)0.002
Dogecoin (DOGE)2
Litecoin (LTC)0.002
DASH (DASH)0.001
Payeer (in USD)1.5
Perfect Money (in USD)0.95
Perfect Money (in EUR)0
OKPAY (in USD)0
QIWI (in RUB)1

Are there any transfer limits?

Yes. Mercatox imposes minimum limits on the amount you can deposit and withdraw, and these restrictions vary depending on your chosen currency. A sample of these limits for some popular currencies is listed in the table below.

CurrencyMinimum depositMinimum withdrawal
Bitcoin (BTC)0.00010.001
Ethereum (ETH)0.0010.005
Dogecoin (DOGE)1001,000
Litecoin (LTC)0.0050.005
DASH (DASH)0.0020.005
Payeer (in USD)12
Perfect Money (in USD)0.010.1
Perfect Money (in EUR)0.010.1
OKPAY (in USD)0.010.1
QIWI (in RUB)50100

For a full list of transfer limits, visit the Mercatox website.

Please note that limits also apply to instant withdrawals as follows:

  • For unverified users: 0.5 BTC or equivalent per 24 hours
  • For verified users: 5 BTC or equivalent per 24 hours

Is Mercatox safe to use?

Mercatox encourages users to set up two-factor or two-stage authentication to increase the security of their trading funds.

It’s also important to consider the security and stability of any platform before depositing funds, as crypto exchanges are a common target for hackers. For example, on 2 January 2018, Mercatox posted the following on its Facebook page:

“Due to high overload of our system and attempts of DDoS attacks we forced temporarily suspend website for upgrading our hardware and software. The service will be restored as soon as possible. All coins are SAFE! Sorry for inconvenience.”

It’s a good idea to research online forums and trusted cryptocurrency websites to stay abreast of the latest news and developments regarding the security of any exchange.

Customer support

If you need help with a transaction or you’re unsure how to use Mercatox, you can access live chat customer support through your Mercatox trading account. You can also get in touch with the email support team.

Pros and cons

Pros

  • Access to an extensive range of cryptocurrencies
  • Transparent 0.25% fee on all trades
  • Multi-currency e-wallet
  • Ability to place limit, market and stop orders
  • Loyalty program that rewards users who promote the platform

Cons

  • Limited information available online
  • No credit card or bank transfer deposits
  • Withdrawal limits and fees apply
  • Low trading volumes on many currency pairs
  • No mobile trading app available

Next steps

If you’ve compared several cryptocurrency exchanges and you’d like to open an account with Mercatox, you can do so by following the link on this page to the Mercatox website. You’ll need to provide your email address and create a password to open an account and start trading.

However, you can verify your account by providing your full name, address, contact details and two pieces of ID, which allows you to access a higher daily withdrawal limit. We also recommend that you set up two-factor authentication to provide an extra layer of security for any funds you deposit into your account.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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