Review on Mercatox by Fanuel PORPORTY
MERCATOX - Cryptocurrency plateform
Mercatox is an exchange having the particularity to offer cryptocurrencies still very little known on the market, it is therefore a "The Place To Be" to buy inexpensive cryptocurrencies with a high pump potential if they are subsequently listed on bigger exchanges like Binance. This type of exchange is perfect for slightly more seasoned people who are willing to take more risks on cryptos with greater pump potential.
The interface is fairly simple to use, but still requires a little time to adapt. Registration is very fast, it is possible to trade on the platform very quickly without having filled in KYC. About a hundred little known cryptocurrencies are available and one to two cryptocurrencies are added every day.
However, it should be noted that the platform only offers the "Limit" order type, and not "Stop" or "Market" which should, we hope, be added very soon.
Pros
- Users have access to a wide range of cryptocurrencies
- There is a loyalty program that rewards users who promote exchange
- Users can place limits, trade and stop orders
- There is a multi-currency electronic wallet
Cons
- Exchange does not support credit or bank transfer deposits
- Trade volumes on many currency pairs are low
- The platform does not have a mobile trading application
- It is not regulated as so many exchanges and also too many bad user reviews
