Mercatox (mercatox.com) REVIEW, TRADING VOLUME AND PAIRS
Mercatox is a decentralized cryptocurrency exchange, which was launched in 2016. To date, its daily trading volume is 13.4 million dollars. At the time of writing, the exchange presents more than 350 trading pairs, among which the most popular is ETH/BTC, which accounts for almost 23% of the total trading volume.
The exchange is a universal ecosystem that offers spot trading as well as margin trading with leverage. The management of the exchange positions the project as a reliable cryptocurrency wallet where you can store coins without fear for safety.
The official website of mercatox.com was translated into English, Russian, and Chinese languages. A feature of the platform is that peer-to-peer currency exchange is available here. On the website homepage, the developers enlisted three main advantages of their "offspring", namely:
• Available tariffs;
• Affiliate program;
• Loyalty program.
Trading commission on mercatox.com is 0.25% for the buyer and the seller. There are also withdrawal fees, which are determined individually for each currency. For instance, for the withdrawal of Ether, you will have to pay 0.002 ETH. In this case, there is a minimum withdrawal/deposit amount, which is, for the same Ether is 0.005 ETH and 0.001, respectively.
The specific characteristics
On the official website Mercatox, there is an internal Merca token, which is used as part of the current Loyalty program. The system also involves a franchise partnership, allowing customers to integrate trading tools into their own projects. Besides, here, one gets the opportunity to trade with leverage, which for professional traders is a compelling argument in favor of this trading platform.
An important advantage of the exchange is the presence of an Affiliate program. You can invite new customers via your referral link and receive a percentage of their commission.
About the safety
Naturally, when it comes to a cryptocurrency exchange, the first thing that interests the user is how secure it is. To date, the project is considered relatively young, and the market has not yet had time to form a full opinion about it. However, users do not have complaints about the platform. It is known that the exchange has not yet been subjected to serious cyber attacks. And, given that the project is a decentralized system, you may relax. Being a blockchain platform, project enjoys deserved standing among experts.
Summing up, we can say that the decentralized platform mercatox.com is quite promising because it combines safety, reliability, and convenience for the user. Aside from that, there is a moderate trading commission, and if you plan to deposit a large amount, the fees for the deposit and withdrawal of funds will be minimum.
Among the positive aspects of the project, we can enlist:
• Moderate tariffs;
• Ease of use;
• Support for fiat currencies;
• Large selection of altcoins.
Among the negative aspects, we should note that the exchange charges a fee for withdrawals and does not allow you to make a deposit using bank transfers and credit cards. Also, the lack of an official application imposes certain restrictions on those who prefer mobile devices. In all other respects, the exchange deserves high marks and may well be a good start for a beginner.