To date, the exchange claims to have over 600K users worldwide and is listed as a top 100 exchange on CoinMarketCap. Customer support is important for users because it increases the level of confidence they have in an exchange. Many Mercatox reviews state that they are relatively slow in their response although very helpful. Mercatox only allows deposits in cryptocurrency; therefore, if you are a new trader and you do not own any cryptocurrencies, you would have to go to different exchange and buy cryptos then come back and make your deposit on this platform in cryptocurrencies. About MERCATOX and our plansMercatox is a modern service for accessing e-currency and crypto currency exchange markets.

• While US users are not specifically barred from the exchange, users should note that their funds may not be completely safe in custody at this exchange, especially given the lack of regulatory compliance when compared to a top US-compliant exchange such as Coinbase.
• The most significant difference would be in terms of reputation and safety.
• Thus, Mercatox may be an exchange best suited for accessing rare coins that US exchanges do not allow, such as XRP, trading in small amounts, or for international users who have limited availability in exchange choices.
• Explore in-depth scam broker reviews to make informed decisions and protect your investments.
• FTX cannot be used by US persons but Mercatox can, though FTX offers a US version of its exchange whose trade offerings are far more limited than its parent global exchange and do not at all compare to FTX International’s selection.

Mercatox is a UK based cryptocurrency exchange that launched in October 2015 and currently accommodates more than 280,000 users on its platform. The platform is multifunctional in that it not only provides the typical trading services, but it gives its users a other useful services to indulge in. Other services that Mercatox provides include; a lending platform that users can enjoy, an e-wallet for users to store their multiple digital currencies as well as payment services. Binance is the leading global crypto established exchange by trading volume, offering a much larger selection of cryptocurrencies than Mercatox—over 351 coins and over 1300 pairs. Kraken uses a maker-taker fee schedule, starting at 0.16% maker fees and 0.26% taker fees at the entry level which is already more competitive even at the entry volume tier level than Mercatox’s flat fee structure at 0.25% for both makers and takers. Market makers enjoy reduced fees at Kraken whereas at Mercatox they pay the same fee rates as market takers, plus Kraken offers volume incentives as well.

What Is The Mercatox Phishing Scam?

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. US investors and traders are allowed to use Gemini with KYC compliance since Gemini is regulated and based in the USA, however as a result, Gemini offers no margin or futures products, and while US users can trade at Mercatox without KYC, it is unclear if it is safe to d so.

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The most significant difference would be in terms of reputation and safety. Coinbase is a public US company and offers transparency into its industry-leading security along with its brand reputation, while Mercatox is not, though US users are not explicitly banned from using it as per TOS. Mercatox notes a difference between verified and unverified accounts. There seem to be no fees for signing up or for having an inactive exchange account, nor any fees for holding funds in an exchange account. Since Mercatox does not allow any fiat deposits, it may not be suited for new cryptocurrency users, as users would have to first obtain cryptocurrency elsewhere to send to Mercatox. Another disadvantage depending on the user’s perspective may be the exchange’s lack of regulatory compliance, clear location, or adherence to KYC/AML procedures that are standard across centralized exchanges today.

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 has noted some past attempts to hack user accounts by third parties and encourages users to use strong passwords and opt for 2-FA to prevent hacking. Mercatox offers 2-factor authentication that every user should opt for if using this exchange. Trading fees are incurred when an order is filled by the exchange’s matching engine. If an order does not execute, there is no fee charged until it does execute at a later point, or it can be canceled.

DIY Crypto Plans

Furthermore, Mercatox has not had major hacks frequently recurring hacks as the crypto market has been developing. With numerous hacking attempts that have been implemented the platform has managed to withstand the attacks with their security system and that says a lot in itself. To mercatoc enhance your online security even further, you can look to use firewalls, which act as a defence between you, your device and potential hackers or scammers. You can look to use both a desktop and network firewall if you really want to keep your device secure. We use dedicated people and clever technology to safeguard our platform. A chat on a trading platform is just asking people to mess with the token prices and bulling members.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Mercatox.com operates as a suspicious website with multiple red flags that compromise its trustworthiness and user safety. The platform exhibits concerning characteristics including misleading information, questionable operational practices, or potential malware distribution that poses significant risks to visitors.

Client Case: Mercatox Scam

Gridinsoft evaluates mercatox.com, focusing on hidden ownership details, suspicious content indicators (Low Trustpilot Score, Blacklisted), hosting technology and infrastructure, SSL certificate status, website reputation across multiple databases. As of September 24, 2025, Mercatox.com has a very low trust score of 1/100 according to our algorithm. Through the security analysis, it has been identified as a potential suspicious website.

Mercatox Withdrawal Fee

Things such as a clear lack of business location, no available information on the founders or owners and the fact that it isn’t regulated or licensed indicate that the Mercatox trading platform isn’t as legitimate as it seems. This lack of transparency and legal license means that, should the exchange fail its traders and investors or in the case with the Mercatox scam, they can’t be held accountable in certain circumstances. Having handled thousands of scam cases, we operate with integrity and legal backing to ensure honest and effective fund recovery for our clients. We understand that fraudulent activities are widespread, and scam brokers often show no concern for innocent investors. To combat crypto scam brokers, fraudulent Forex platforms, romance scams, and phishing attacks, we’ve built a team of experienced professionals-legal consultants, investment fraud lawyers, scam solicitors, wealth recovery experts, and fraud analysts.

What are the Deposit and Withdrawal Methods and Fees for Mercatox?

• The main attractive feature that Mercatox may offer an average user is the complete lack of regulatory compliance or KYC requirements, which may make Mercatox a hub for individuals who are conscious of financial privacy, as well as potentially for illicit funds.
• I got part of my funds back — their team is genuinely supportive and professional.
• Between 74-89% of retail investor accounts lose money when trading CFDs.
• Mercatox notes a difference between verified and unverified accounts.
• Highway Media Group may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Gemini offers 62 coins and 86 trading pairs which is smaller as compared to that of Mercatox’s 174 coins and 277 trading pairs. Additionally, Gemini’s Gemini Earn product has far more staking selection and higher APY offered than Mercatox’s nonexistent staking services and other financial services products. Derivatives traders who want to trade margin, extensive crypto futures pairs, or leveraged tokens and options will prefer FTX since Mercatox offers only minimal margin trading options. Trading fees are 0.25% for both market makers (providers of liquidity) and market takers (takers of liquidity). There are no incentives or tiers based on trading volume, unlike at many other exchanges.

Mercatox does offer an e-wallet for custody, however its primary feature is an exchange. Then, fill in the details of the withdrawal including toggling the correct currency and be sure to include a tag or memo if needed. Users can withdraw from the wallet by navigating to the “My Wallet” section in the E-Wallet or My Account page, selecting their virtual currency, and then selecting the “Withdrawal” button. The minimum withdrawal amount for crypto assets is 0.001 BTC for BTC and 0.016 for ETH.

They, essentially, put the responsibility upon the traders and investors to keep themselves protected. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite. Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in cryptocurrencies carries with it potential risks.

Someone in a Telegram support group recommended fraudrecoveryexperts.com. I recovered about half my money and learned to be much more careful. As far as the exchange functionality, advanced charting features are integrated with TradingView support, and several BTC and ETH trading pairs are offered to trade.