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