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Chinese, English, Russian
Bitcoin, Litecoin, Ethereum
Bitcoin, Ethereum, Litecoin
Euro, Russian Ruble, United States Dollar
Bitcoin, Litecoin, Ethereum
What is Mercatox?
Mercatox is a new and exciting digital finance platform that is making its way through its own merits in the world of cryptocurrency exchange. It also combines multiple digital commerce services and also as a wallet.
This platform has been operating since 2015 and has been maintaining outstanding growth of almost 16% per year, exceeding the 2.37 trillion euros in transactions, in addition to being driven by a crowdfunding campaign.
How it works and what rates does Mercatox have?
Mercatox allows exchanges from person to person through smart contracts, generating a commission of only 0.25%, and although its system is not the fastest in the market, its rate is below average.
The base currency is Merca, and its conversion to bitcoin ranges between 0.0005 and 0.005, depending on the quantity. However we must keep in mind that most cryptomonedas also generate a withdrawal fee, which is also common in this area, and for details, we suggest you check the board rates.
Neither is it still the perfect platform, the speed of transactions is not the most agile. Although it works in an automated way, some manual tasks are still performed when exceeded transfer limits.
Although among the advantages we can highlight is that it has an extensive range of cryptocurrencies, including some of the most used systems such as Bitcoins, Ethereum, Payeer, Ya.Money, Litkoin, MicroMoney, etc. It is also an active platform that month by month has been expanding its capabilities and currencies.
Something that we find interesting is that it does not only concentrates on cryptocurrencies, but also covers fiduciary currencies, including some of the most common on the planet such as the euro, the dollar, the ruble, and recently also have incorporated various currencies of Latin America. It is also good to know that you can not make payments or bank transfers.
Is Mercatox is a scam?
Among the disadvantages is that it is not yet regulated by any financial institution, which is also common in this type of technology. Although it has its base in the United Kingdom and a growing customer base, which is one of its main reasons for maintaining some reliability; and for the time it has been running and the thousands of users, in short, you can not say that Mercatox is a scam.
The platform does not have an app for mobile devices to date. The exchange is user-friendly, with multiple guides and reviews that are constantly available.
It is important to point out that the platform is in multiple languages, including some like Russian, Chinese and of course English, which is very practical. In addition to its design, although it is moderately simple, it is quite easy to use.
Mercatox is a quite complete platform with multiple digital financial services because it is also useful for lenders, who can also trade in the stock market. In the same way, investors can also obtain profits from loans.
It is also important to point out that it is a decentralized platform, and through crowdfunding, they have made efforts to expand the scope and capabilities of the project; In addition to offering an affiliate program, as well as a system to benefit loyal customers.
We must also say that Mercatox is a new platform, so they still have multiple items to improve, one of them is support, which is not so fluid or fast.
This type of deficiencies has conflicting opinions about Mercatox, and although some concerns have also arisen regarding the security due to some threats registered, in reality, beyond a fall of the platform in October, which lasted several hours, there is no serious incident. Pointing out that in this fall, the money and data were kept safe and without any loss.
Regarding security, we also think it is important to emphasize that the service provider does not have the personal information of the clients at their disposal since the intention is that it is only available to those with whom the decision to make a deal was made.
Not the Best Option for Beginners
If you are new in this field, this may not be the easiest path. Unlike others, they have a mandatory minimum rate, which applies mostly to withdrawals. Mercatox also offers different security configurations, although these are unique accounts, which also involve the typical two-step validation system.
One more quality that Mercatox offers is that it serves as an online portfolio, in a personal way and a special variant for companies. The personal option stands out as both withdrawals and deposits are free of charge, in addition to the transfers, in this case, are usually made instantly. Although it is not yet so well-known that all stores allow it, its configuration allows also making payments through this system.
The Mercatox platform is ambitious. Aside from having a public API for developers, they also steadily announce plans to expanding the platform's capabilities and efficiency. Though it is not yet the ideal system, it is gradually winning a significant place in the field of cryptocurrencies and digital finance.