RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Mercatox

Mercatox Exchange Review

Centralized
  • 24h Trading Volume

    1977.834 BTC
  • Headquater

    United Kingdom

Mercatox Exchange Review

  • Mercatox Withdraw

    ETH – 0.002 ETH

    LTC – 0.002 LTC

    Full list of fees can be found here

  • Mercatox Deposit fees

    Free
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    Yes

Mercatox Exchange Score Analysis

Mercatox lists useless coins almost as quickly as it is gaining notoriety. The UK-based exchange was hacked on 17 September 2018, while users lost their coins stored on the exchange.

Although Mercatox claims that they keep most of the funds using cold wallets and that they use 2 factor authentication on withdrawals, the exchange does not seem reliable at all – and the team is completely anonymous. Apparently, Mercatox has very high volumes, who also look very suspicious.

We have a hard time believing Mercatox could fend off another attack, once it becomes lucrative enough for hackers to target.