Review on Mercatox by Olugbenga Ajayi

Name: Mercatox
Item: Mercatox
Rating: 3

September 16, 2020

Mercator Exchange not so strong

M﻿ercatox Exchange is headquartered in United kingdom and was founded in 2015.  It is an exchange that has attempted to increase the quality of services expected of an exchange. In other words, Mercator Exchange is more than an ordinary Exchange. Beside the normal business of Trading cryptocurrencies and altcoins, this Exchange has been offering it's clients additional services like cryptocurrency lending and franchising.  There are lots of other means by which people can earn passive income like  affiliate programme, Refferals etc.
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It is also good to know that the exchange is registered with UK regulatory bodies. Hence there is no fear about it being a scam.
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﻿Deposit and withdrawal is done via cryptocurrency only. So if you are not clear with cryptocurrency usage don't bother using Mercator Exchange. Trading fees is fair. It charges a flat fee on makers and takers.  The withdrawal fee is also low. As a result of its use of KYC, customers are categorized into verified and unverified and that limits the amount that can be withdrawn. I think this is a good measure.
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Finally, In terms of liquidity, I cannot say that it's liquidity is good enough Considering the fact that it started since 2015, I would have expected it to enjoy far more liquidity than what it is recording now. Also in terms of rating, according to research during this review revealed that it is rated 121. I believe it's growth is not good enough.
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The exchange also ensure the security of its assets by using cold wallet, two factor authentication and all users are ﻿expected to provide all necessary documentation.
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