Review on Mercatox by Danh Huỳnh Ngọc Công
If traders want to find an exchange with many low cap coins, low withdrawal…
If traders want to find an exchange with many low cap coins, low withdrawal, minimum deposits, and withdrawal fees, Mercatox is a very good choice. The exchange can is really easy for beginners with basic trading functions and special features, but they are better learning about account security. Some users may find it very stressful dealing with KYC process. In general, Mercatox is a not so bad exchange
Updated 5 years ago
Rating changed from 4 to 3
Negative point: After many years of operation, the exchange still has not released a mobile app for users to trade on the go
Pros
- - They allow easy registration process, which only takes about three minutes - Withdrawal's transaction fees of some coins/tokens can be adjusted based on the opinion of the Mercatox's users - Listing approvals are based on community polls to imply the motto of a community-driven exchange - Assets can be transferred to other Mercatox's accounts - Withdrawal fees, minimum deposits, and minimum withdrawal limits are really low compared to other exchanges - IEOs (the 2019's trend of cryptocurrency world) are held regularly without KYC - There are a huge number of coins/tokens/e-currencies being traded - Loyalty and affiliate programs are available - It provides API for statistics and merchants - The support function is quite easy to reach for simple problems - Trading feels easy and convenient - Helpful FAQ can be found at the bottom section - There troll box (chat box) is funny
Cons
- - That registration process does not require complex passwords may lead to the easy loss of accounts. Actually, there have been floods of claims from users that they suffered from the account hackers, causing their assets' stolen - Sometimes the website seems to be laggy with deposit functions as the deposit addresses will never appear when clicking on deposit button - Strict KYC/AML policies are available - There should be stop-loss function - They don't take care much about the power of social media channels
